Do's & Don'ts

The Business of Invention

Do

√ Do keep your idea to yourself until patented

√ Do hire a patent lawyer to draw-up a Non-Disclosure Agreement if there is any aspect of your proprietary information you need to disclose to a Third Party

√ Do approach your invention as a business venture

√ Do consider and seek out professional and reputable researchers, manufactures and marketers to aid in the development of your invention

√ Do seek funding from, angel investors, venture capitalist, bank, family and friends to fund your venture

√ Do have faith in the Spirit of God’s creative abilities within you

Don't

X Don’t believe in the goodness of anyone not to steal your idea, whether brother, sister or deacon in the church

X Don’t let the year grace-period run out if you have publicized your invention prior to patent

X Don’t’ underestimate the power of networking with other like-minded professional

X Don’t underestimate the power of a great business and marketing plan

X Don’t forget to include tradeshows as a viable form of advertising, promoting and marketing

X Don't forget to ask God for guidance every step of the way