Resources and Funding
Starting a business isn't cheap, and neither is a first round of manufacturing. Start-up costs can range from very little to millions of dollars, so unless inventors have easy access to cash, they will need to raise capital to pay for production. Compared to inventing the product, manufacturing it and selling it to customers, finding money might seem easy. But even the best ideas in the world that could make millions of dollars won't be realized unless the inventor gets the assets to fund them. To receive financing inventors should know how much money they need, where to look for it, and how to get it.
Paper outline
- Protecting inventions
- Manufacturing the product
- Getting resources and financing
- Testing the market
- Preparing products for market
- Closing thoughts
- Download the entire paper
Check out the Silent Timer Web site to see the product Erik took to market. Contact him with any questions.
