Whether you plan to sell your invention, get financing, or take on a partner, it is imperative that you use my 5x Invention Valuation Formula to figure out how much your invention is really worth.Â A vital tool to use before you give your creation away for too little, or ask so much you never get anywhere.Â (Chapter 8)
CAN YOU ANSWER THIS ONE QUESTION?
Answer this one question and you will quickly understand why a basic understanding of financial statements is absolutely necessary for your business to thrive. (Page 54)
MANUFACTURING VS. LICENSING
So often inventorâ€™s stand at this crossroad forever wondering what to do next, or else they forge ahead down a road that is sure to take them nowhere.Â Avoid these problems by taking my:
Score yourself and youâ€™ll have a good idea how to proceed.Â Then read chapter 3 and youâ€™ll understand the challenges of each choice and which path is best for you.Â (Page 61)
25 WAYS TO INCREASE THE VALUE
OF YOUR INVENTION
When itâ€™s time for you to negotiate a license agreement, take on a partner, or get financing, it is invaluable for you to know and understand these simple, often free, steps that can add significant value to your invention with very little effort. Donâ€™t negotiate before reading this! (Chapter 8)
THE ONE BIG MISTAKE
Avoid the one big mistake inventors with signed license agreements make that often costs them everything.Â Inventors, film makers, artists, authors, and musicians with a signed licensing agreement, lose more money on this one mistake that anything else. (page 72)..