Business Plans

A balance sheet is a way of indicating the financial state of an enterprise at a particular point in time. For an inventor the ‘enterprise’ could be at many different stages, from the earliest ...

Thinking of yourself as an entrepreneur rather than ‘just’ an inventor is a necessary step on the path to success. Or perhaps more accurately actually becoming an entrepreneur is the important bit. ...

The point at which your invention business will break even is something which needs to be taken into account when planning how you’ll proceed taking your ideas further - it helps establish a 'minimum ...

Depending on the nature of your invention, you may need workshop equipment to produce prototypes. Deciding what you need to buy, and what you can rent or have done externally, is an important part of ...

When running a business or operating as a sole trader it is important - indeed one of the most important aspects of running any business - that all matters relating to the paying of Income Tax are ...

Using external invention promoters is rarely the best course for a new inventor: the success rate is very low, and the only guarantee is high fees. It's entirely possible to do your own promotion, as ...

Thinking about and presenting your invention as part of a new business, is important to securing a favourable loan, and in the process is crucial to transforming you from an inventor into an ...

While many inventors would love to be able to predict right from the start, how much money their inventions will bring in, realistically, it is not possible to predict this until much further into ...

Much of being a successful inventor is about thinking — and acting — as an entrepreneur and presenting your invention as a product, part of a credible business, rather than a garden-shed labour of ...

Putting together a specification for your invention allows you to see it as a product, in the context of the market. The PDS method takes the inventor through the important aspects to address along ...