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HomeResourceCreating Multi-Generation Wealth Through Creativity And Inventiveness

Creating Multi-Generation Wealth Through Creativity And Inventiveness

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It can be a real struggle to get ahead, and to chart an economic course that leaves you and your family with all of the money you need to make it through life. Every month the bills seem to pile up, and with recent inflation, it’s hard to make ends meet at the close of the month. Saving for your children’s college tuition, putting aside enough money for a down payment on a future home and being able to afford a nice vacation each year are all challenges now. If you want to chart a different path in life and be able to accumulate financial abundance and multi-generation wealth, you need to tap into the pure potential of creativity and inventiveness.

Instead of working endlessly at a thankless job for 40 years, you can leverage your inherent abilities to see things creatively. When you tap into your inventiveness, you will be able to come up with ideas and products that bring revolutionary change to existing products. You’ll then be rewarded richly for your new creations.

File a Patent to Protect Your New Idea or Device

When you have come up with a really amazing new invention, or come up with a process that is a marked improvement over existing technology or methods, you will want to protect your intellectual property. You can do this by filing a patent, which will allow you to safeguard your new creation.

Filing a patent is a very complicated process, and you will need the assistance of an attorney who specializes in patent law to help you with the filing. You may also find some firms that specialize in invention development that could help you with this process. As you get ready to file your new patent application, you have to make sure that every step and detail is done right or you risk having the application rejected.

Multi-generation wealth: file a patent to protect your new idea or device

Leverage the Skills of Specialized Services for Certain Patents

If you are in the process of filing a patent, you have to be aware of how incredibly arcane and complicated the entire patent process can be. To help assure that your intellectual property is protected, you have to get everything right to have your patent accepted and approved.

There may also be highly specialized information and requirements you need for your patent filing. For instance, if you are working on a patent filing for the field of biologic science, you will need to submit Sequence listings. This documentation is required because your filing needs to identify the specific RNA or DNA nucleotides and the amino acid proteins that are covered by your filing. A specialized service can produce this listing quickly and accurately using the custom software they have created.

Tap Into Crowdfunding to Launch Your Newly Patented Product

Once your patent is approved, it’s time to get your product to market. By leveraging the power of crowdfunding, you can create a powerful viral video marketing campaign and can get early adopters to preorder your product.

When excited early adopters prepurchase your product, you’ll have the revenue you need for the first production runs. Even better, these passionate fans will help spread the word and get a viral buzz going for your exciting new product.

Tycoonstory
Tycoonstoryhttps://www.tycoonstory.com/
Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

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