Bizcoach, Small Business Ideas and Resources for Starting a Small Business
1. Are there any good books on the product development?
Yes. You can visit your local library. There you will find a list of the best books available on the invention process.
2. What are my chance's of success in bringing my product to market?
This is a difficult question to answer as the success of your project depends on many things including the novelty of your invention, the strength of your patent protection, how well financed your project is, and the degree by which the public values your new product. Generally speaking , the new product development and invention field is a high risk endeavor. You must be prepared for both potential success and/ or failure.
3. Who can I trust with my idea?
In most cases, you should be able to trust anyone who you feel has credibility and integrity; such people may include firms such as our own, lawyers, accountants, bankers, and other professional individuals. No matter how much you trust anyone, you should always sign a confidentiality and non-disclosure agreement with anyone you disclosed your ideas to.
4. Will I have to spend my money on my project?
Yes. In most cases, you will be required to invest some portion of your own money in your project in order to show credibility with potential financiers and and investors.
5. Who can help me with all my project development needs?
There are very few reputable firms that assist inventors in all the facets of developing, protecting, marketing, and licensing their inventions.
6. Who can evaluate the potential of my project?
There are a few companies that provide this service.
7. How much does project evaluation cost?
Prices vary from firm to firm but range between three hundred and a thousand dollars. Charges can vary, most organization can charge up to $1000.00 plus GST for this service.
8. Can I get any free advice?
Yes. There is a lot of free information on this website as there is on many other websites. Most firms provides for a free initial consultation.