I have known paranoid individuals for most of my life. Usually their paranoia is self-destructive, not a pleasant thing to discover. Many people are paranoid that others are trying to take their wealth, or their wife, or their glory, or that they will be contaminated and made ill. The gamut of fears that paranoid individuals believe they confront is endless. These insecurities may become severe handicaps that can handicap one as life unfolds.
On the contrary, paranoia for the entrepreneur or even an inventor is usually a healthy mindset, in terms of their work item is concerned. We counsel clients to believe that somewhere, someone is working on an idea that will beat or surpass their idea in the industry. Another piece of oft provided advice is it: “time is not really an entrepreneur’s friend”.
The tech world of the 1970’s and 1980’s was the core of the highest entrepreneurial explosion of all time. Whole industries were born as well as the nature of human existence was radically changed, and improved, as new applications were discovered and commercialized by these ambitious pioneers. The Patent Help Companies has always provided the best rewards to the first one to market mover. Being paranoid is a worthy and necessary trait that all successful innovators possess and control within their push to obtain their idea for the market before competitors.
After putting himself from the University of Kentucky (B.A. Broadcast Journalism, 1969) and serving in america Marine Corp, Mr. Ficke commenced an occupation in the cosmetic industry. After rising to National Sales Manager for Vidal Sassoon Good Hair Care at age 28, then he launched a number of ventures, including Rubigo Cosmetics, Parfums Pierre Wulff Paris, Le Bain Couture and Fashion Fragrance.
Geoff Ficke has become a serial entrepreneur for almost 50 years. As a small boy, earning his spending money doing odd jobs inside the neighborhood, he learned the need for selling himself, offering service and value for money.
Retailers always assume the stance of what perhaps you have done for me lately!
I cannot overstate the significance of paranoia and urgency for being essential arrows within the successful entrepreneurs quiver. We have seen the unsettling despair that engulfs inventors that see their work, dream and investment scuttled by overconfidence and delay. It is really not pretty to experience, but happens far more frequently than imaginable. The true waste is it can typically be averted if prudent steps are taken to move and stay aggressive.
Paranoia and urgency are first cousins when wanting to launch Inventhelp Success, service or idea. The fear of getting beat to store shelves by way of a competitor insures that driven entrepreneurs move expeditiously to perfect and launch their enterprise as soon as reasonably possible. This can be positive paranoia.
The excellent Technology entrepreneur Andy Grove used to be asked what dictum he used as a grounds for running his Company, Intel. His response was simple: “merely the paranoid survive”. Mr. Grove grew Intel from a garage business in Silicon Valley in to the world’s largest computer chip manufacturer and a lynchpin within the fabulous spread of technology into virtually any home and office on earth.
The key to insure continued success will be the speed which the innovator uses to penetrate the marketplace. The first to market mover has the benefit of being recognized by the trade as the “real innovator”. They have introduced jxegmd product which defines the category. While knock off products can be cheaper, or come in a variety of styles, they are seen as followers, not leaders, if the entrepreneur moves aggressively to distribute the piece for the widest sales universe.
After the product hits store shelves, so that you can secure long term success, a new kind of paranoia must can be found in to play. At this time, the inventor must confront the possibility, actually the probability when the product achieves initial success, that competitors will immediately begin the whole process of knocking off, or duplicating the How To Sell My Invention Idea To A Company. Duplication can be the best type of flattery. However, when a well-healed competitor decides that this opportunity is ripe they are able to flood the marketplace with cheaper versions in the product. You must anticipate and be ready for this probability.
A second key to cementing the first to market mover advantage is: quickly follow-in the launch item/s with line extensions. The following is another absolute marketing reality: Your product is rarely the greatest, only the latest”. Buyers will watch sales trends. As soon as your launch item starts to gain traction, they may wish to really know what new items you have coming to stoke the pipeline.