article thumbnail

Intellectual Property for Startups in the Real World

Gust

Last month we covered the basics of intellectual property (IP) for startups, including a simple taxonomy, some common issues and related documents for entrepreneurs to use when forming a new startup. It’s often possible to “ design around ” a patent to operate a business that achieves similar results in different ways.)

article thumbnail

10 Startup Mistakes You Can't Afford To Make Again

Startup Professionals Musings

Forecast revenue growth that defies business principles. Forecasts that exceed 10 percent of a large opportunity in the first five years rarely happen and will likely disappoint you and your investors. Dismiss the need to register any intellectual property. You need patents and trademarks as a barrier to entry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

No, that IS NOT a competitive advantage

A Smart Bear: Startups and Marketing for Geeks

Listening to first-time entrepreneurs talk about their competitive advantages is as predictably invalid as the local weatherman's 10-day forecast. Innovative design and intellectual property are no longer long-term competitive advantages. This is part 1 of the series: 5 Lessons from 150 startup pitches.

article thumbnail

From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. This involves careful budgeting, financial forecasting, and cash flow management. It’s crucial to protect your intellectual property as well, including trademarks, patents, and copyrights.

article thumbnail

All About Patents: An Entrepreneur’s Guide

YoungUpstarts

Master the Art of Trend Forecasting (or Onboard Someone to Do it For You). Staying ahead of market trends in your industry, and forecasting what will be in demand in the coming five to ten years is a non-negotiable skill. A patent provides a means to protect your intellectual property.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

Set time aside to sit down and revise the plan , comparing forecasts to actuals and revising as necessary. . Intellectual property : List any patents you have or have pending, and mention any core technology you are licensing from another company. You can include expanded versions of your sales forecasts and other financials.

article thumbnail

The Ultimate Guide for Starting and Running a Business at Home

Up and Running

With fill in the blank templates, powerful financial forecasting tools, and lender approved pitch designs you’ll go from template to a full business plan in no time. . Protect any intellectual property you may own by applying for copyrights, trademarks, or patents. Obtain the appropriate licenses and permits.