article thumbnail

Always Right: Five Risks You Must Take With Your Customers

YoungUpstarts

Besides the loss of potential future revenue, any sunk costs (costs you initially incur to gain the customer) are unrecoverable. When you hit that point, there’s a multiplier effect to the investment you make to secure the customer. That’s where word-of-mouth advertising begins.

Customer 170
article thumbnail

The Importance Of Intellectual Property Protection In Entrepreneurship

YoungUpstarts

The process to be approved for a patent or trademark is extremely rigorous to ensure that everyone gets a fair opportunity, which is why it’s no surprise that patent attorneys in Tampa are very in-demand for inventors. It Helps Secure Secondary Revenue Streams. It Encourages Innovation.