When you see or hear the abbreviation “IP,” it stands for Intellectual Property. IP is a key asset in a small business. Simply put, intellectual property is the ownership of concepts, processes, and ideas, as opposed to physical property which characterizes a tangible asset. IP is fast becoming the major delineator among business owners who […]
5 Biggest Mistakes To Avoid When You Have A Marketable Idea
Guest Article Mistake #1 Not Taking Fast Action So you have a great idea, now what? Sitting on a good idea too long is one of the classic mistakes that new inventors make. There are many who have witnessed a product on the shelves, a home shopping network or late night infomercial and thought, […]
Help @SmallBizLady: When do You Need to Create a Trademark for Your Business Concept?
Every week I’m asked questions by small business owners, and sometimes I get a question that makes me want to call one of my experts to get the perfect answer. This week’s question: When do you need to create a trademark or register a patent for your concept? How do you determine which one to […]