Whether a company is a start-up or a large enterprise, there are a few basic truisms in running a successful business. Controlling costs and recognizing returns on investments are high on that list. Running a business, be it large or small, is a balance of risks and...
The Pareto principle states that roughly 80 percent of effects come from 20 percent of causes. In business, that principle suggests that 80 percent of sales come from 20 percent of clients. When describing wealth distribution in a society, the Pareto distribution has...
Software patents are a waste of time and money. Or are they? A well-quoted statistic states that 97% of all patents will fail to recoup their filing cost.1 It’s also been said that half of all businesses will fail within the first 5 years, and only one third will see...
The patent system receives a lot of criticism and it is not without its faults. But as a governmental program to advance technology, it’s hard to beat. To understand how it works and why investing in a well-drafted patent can help an organization reap significant...
As our world changes, the world of intellectual property changes with it. Day by day, courts across the country are signaling that the tools and methods needed to protect such property are changing too. Those not paying attention run the very real risk of getting left...
