Often as you grow a business you have brilliant moments and hope they will change the face of your company forever. This could be an idea that you patent or could be a new product developed for a niche market segment or both.
Sad to say there are people out there just waiting to take your successful ideas without paying for them.
For example patents are really personal ideas. It is a file record of a concept you alone developed and proved it works.
Selling your idea and watching it become a commercial success is a special exciting moment afforded very few entrepreneurs.
However, sad to say that you will never stop people from taking advantage of your patents and all you can do is hope the end user joins you in fighting for your rights and protecting their success with your patent against the copycat.
If USA businesses can’t protect patented ideas, especially from foreign companies, you will see a downturn in our growth long term.
Our PPi Global Sales machinery business has many patents to improve efficiency of the pouch production line, yet daily we are exposed to intellectual theft of these ideas by foreign competitors.
Our Redi-2-DrinQ Group has a similar challenge in that we opened the market segment several years ago for alcohol and water in a StandUp pouches. Now some big foreign companies are marching in with zero respect for our earlier efforts and just stealing our ideas. It is a tragedy in the making and we need consumers to react against this blatant theft of USA know how. What’s your view?
Saturday, August 18, 2012
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