Why Didn’t We Think of this Invention

20 06 2008

An in-law asked me “why didn’t we think of this?” while sending me some images of new inventions created by regular folks like you and I. Therefore, I think it’s a good idea to talk about ideas.

Inventions and creativity seem elusive to many people. But they don’t have to be like that. Most human inventions are not anywhere near the realm of geeky lab coat-wearing scientists or engineering physicists. Ideas that lead to invention come in various shades and forms, most of which are no space-rocket science. Nevertheless, what come to most people mind when they hear the word “invention” are great geniuses like Al Einstein, Con Edison, and Henry Ford; whereas an unlikely or ordinary person may have inventor-abilities if given necessarily tools and motivation.

Many non-living things we see around us were created as a result of average people’s concept – i.e. common Joes and Janes. You might be one of those people who knock themselves on the head for not acting when they had that eureka!! after you see the same thought-of concept implemented by a go-getter. Then all you can say is: “I should have [could have, would have] done that.” Yes, we have such regret sometimes because we never follow our gut feelings, or we simply let some non-thinking loser(s) discourage us that it is not possible.

Contrary to popular beliefs, you don’t actually have to produce any product to make money out of your creativity. According to Harvey Reese, the author of the book “How To License Your Million Dollar Idea,” there are ways in which one could execute ideas without putting his or her hard-earned money into them. Reese indicates: let the deep pocket manufacturers spent their money to make your licensed idea into fruition. In other words, you make a percentage on each of your idea-product sold. And he warns to stay away from the so-called “invention companies.”

Personally, I can relate to invention companies scam. How I wish I had his book before forking about $1000 to a company called InventHelp on W 34th St, NYC. This company never live to his name-slogan. The only thing I got for my buck is a glossy hard-cover invention presentation, which is now gathering dust on my book shelf.

So if you have cool ideas you want to turn into inventions. You might want to do some research at the following links:

These could save you money instead of rushing to a patent lawyer. In the meantime, you can also save money by filing for a “provisional” [temporary] patent while you research the viability of your idea. Provisional patent can be filed with the Patent Office. Browsing these links would be a good starting point for would-be inventors. The site provide important information and hints on inventions. It is always imperative peruse independent sources, less you fall victim of unscrupulous invention companies which advertise in the media.

The images below are inventions of individuals who are proactive enough to take their concepts to the next level.

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“Ideas are everywhere. It’s execution of good ideas – not the ideas themselves – that makes for successful businesses.” —— Kelly Spors

Invention Facts and Myths – Read more>>>

Mr. Gizmo

Will They Buy It

60 Seconds with Tony Robbins





How To Get Rich: Felix Dennis’ Way

12 06 2008

There are probably thousands of advices on how to get rich in life or how to succeed in,business. While some advice can be very useful or dumb-stupid, many are nothing but get rich-quick scheme for the suckers. I have heard them all. But I always get a kick out of advice I consider to be super-prudent with no emotion attached. Those are the ones I just came across in The Wall Street Journal’s business bookshelf.

A topic in the journal, “Maximizing Money” features a book entitled “How to Get Rich” by Felix Dennis who is one of the richest men in England – worth b/w $400 – $900 million. The book was fully reviewed by an accomplished editor, Edward Kosner, who summarized some of the sharpest and straight-up advices I have ever seen. Frankly, the author’s guides are knock-outs, and Mr.Kosner admits that the book is full of cold-hearted advice for succeeding in any field [of life]. According to Mr. Kosner, Felix Dennis tagged himself as anti-self improvement and believes that “those who are able to turn themselves into monomaniacal, workaholics estranged from loved ones and reviled by rivals can hope to hit the mega jackpot.” Felix Dennis’ must-have essentials for success are:

  • Stamina
  • Persistence
  • Focus
  • Execution

And he added “If you never have a great idea in your life but become skilled in executing the great ideas of others, you can succeed beyond your wildest dreams.”

I couldn’t agree more with that statement, as CEOs [the corporate fat-cats] come to my mind. CEO = Chief Executive Officer. Most CEOs never created any idea in their life. All they do is manage, combine, and execute other people’s ideas or innovations. As a result, they make (a killing) million$ at creative individuals’ expense.

The following are summarized advices from the book as presented by Mr. Kosner, followed by my take on each:

1.      “Never Part with even a share of business you founded, although partnership in new ventures are acceptable because you can walk away from them.” This sounds like a “founding-father syndrome” to me. No wonder Jerry Yang of Yahoo! Rebuffed Microsoft’s takeover attempt.

 

2.      “Give generous bonuses to your employees, but don’t let them share the money from asset sale.” Yeah right! Whatever happens to the cliché: ‘our employees are our greatest asset.’

 

3.      “Don’t hand out company’s credit cards, cell phones or cars – the expenses run riot.” Who cares? Are those not business expenses and tax deductible? And if civil servants are getting these perks, so can private sector employees. No wonder most people don’t quit Government jobs.

 

4.      “Never delegate authority top people just like you – find a complimentary brain instead.” Sometimes’ you have to. In case some thing like sickness happens. One famous example is Michael Eisner, former Disney CEO, who did not appoint a replace during a health problem. The whole company almost disorganized as a result of his absence.

 

5.      “Avoid venture capitalists with their mania for short-term results.” This is synonymous to proxy battle like one staged by activist investor, Carl Icahn aka “corporate raider.” A case in point: he threatened to kick Jerry Yang, Yahoo!’ founder, out of the company’s board.

 

6.      “Never loan money to friends – make it a gift.” This is analogous to ‘don’t loan family members or friends money you can not afford to lose.

 

7.      And here is my favorite: “Never trust a senior accountant who won’t take a vacation (because he is afraid that his thievery will be uncovered while he is away from office.)” The solution is simple: Hire external auditor(s) on annual basis.

I can’t wait to dissect the whole book before digesting the contents. The book would be a good read for those want to succeed where others failed. Sometimes, one has to use unconventional tactic to archive his/her goal in life. And the hints in this book could help fulfill that. – Felix Dennis Video below

Quotes of the day:

“You’ll never get rich by working for your boss.” —- Felix Dennis

”If this does not make you rich, nothing ever will.” —–Mail on Sunday





French Giant Allowed to Outdo its American Rival

7 03 2008

Lately, United States diplomacy has been bad-rapped on global scale. This is primarily because of the Bush administration’s war policy. As a result, some U.S. allies had turned to bitching antagonists; e.g. French former president openly criticized U.S. war in Iraq. However, the newly elected French President, Nicolas Sarkozy had normalized U.S – French relationship during a recent visit to United State.

Given the fact that France are among the major opposers of the U. S. war efforts, who would have thought that a French company, Airbus -EADS, would be allowed to bid for a major military contract in U.S. I mean, while the relationship was still strained between the two countries over war in Iraq. Isn’t this an irony? Here is why it is: France did not support United State war efforts and ended up winning one of the most lucrative defense contracts in U.S. history – $37 billion-up deal which could balloon to $100 billion at completion. Adding salt to the injury, this contract was awarded at the expense of an American company, Boeing, one of the most reputable companies on the planet.

I know some would argue that America is free market, which is what capitalism is all about; the foreign companies are involved with U.S. partners, and yari! ya! riya! For instance, today’s New York Times editorial supports the contract, citing backlash from the Europeans if U.S. kill the deal. According to the NY Times, “Boeing claimed that if it had won the contract, it would have created 44,000 jobs in this country. The [Airbus] EADS-Northrop group says its tanker will support [not create] 25,000 jobs here.” Then the editorial concluded that if the deal is prevented “It would also be bad diplomacy and bad business. And that can’t be good for the country.” Sorry Times, that argument is not strong enough to give American jobs away.

Yes, U.S. is open to foreign businesses and that is part of what make this country great. But this is an intelligence (military) contract that should be fully made in America, at least, for security reasons. Besides, it’s about tens of $billions of tax-payers’ money which should remain in the U.S. economy instead of France. In logic, other super powers would not award such contracts such to outsiders except if their indigenous defense contractors are absolutely incompetence. Boeing can have its flaws, tell me which great company wasn’t built on trials and errors. Boeing should have learned some lessons and the company can measure up to Airbus-EADS, if not better.

Clearly, no defense contract in any nation can be awarded without consent from its policy makers. As reported, some powerful politicians, including John McCain, facilitated the deal in favor of the Airbus & Co. One the hand, Senator Hillary Clinton and Barack Obama favor the American Boeing company. I think concurring with the latter makes more economic sense for United States. Senator McCain’s lack of economy knowledge can not be excused, especially in the forthcoming presidential debates.

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The world would be happier if its leaders had more vision and fewer nightmares.” – Vern McLellan (WWQ)

UPDATES: The Fights continue on this contract as of June 18. More reports in the following links:

Audit Says Tanker Deal Is Flawed (NY Times)

McCain: Tanker report unfortunate for taxpayers (NYT)

Boeing wins key round in Air Force tanker protest (AP)

U.S. Auditors Bash Air Force Over Refueling Tanker (Reuters)





Anonymous Blogging Turned Deadly

3 03 2008

I bet most bloggers are not doing their vocations with the intention of killing fellow human beings. But what some writers deemed as fun or ridicules could be too venomous for the intended target. Apparently, blogosphere has become a battlefield in which attack-words could be as lethal as bayonets. Recently, it was reported that a teenage girl committed suicide, in Missouri, over a hoax posted on Myspace.com. And in Long Island, there is pending murder case involving a man killed by a father whose son was falsely accused of posting rape threats – against a female acquaintance – on the internet. These two incidents unnecessarily claimed two souls over comments that are nothing but fabrications.

Most recently, some blog posts allegedly nudged an advertising executive, Paul Tilley (picture left), to death. And accusations are going around, especially to some bloggers at AgencySpy.com. However, the site seems to have aggrandized this tragedy into a marketing winfall. According to The New York Times, AgencySpy that normally got 4000 to 5000 hits per day is now being propelled to more than 12000 hits per day – and probably still counting up. The NY Times reported that IAC/InterActiveCorp and Wall Street Journal are among the advertisers on this site.

With all the finger-pointings, we may never know what actually prompted Mr. Tilley to commit suicide. But one thing is clear: Word hurts. If we live by it, some of us could die by it some day.

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“Defeat never comes to any man until he admits it.” – Joseph Daniels