Overview – You are advising a Startup Company in Intellectual Property (IP) Matters

Overview – You are advising a Startup Company in Intellectual Property (IP) Matters

You have chosen a very ungrateful task.

Advising startup companies is one of the most difficult areas in IP.

My webpage provides you with materials for a holistic approach, covering all aspects of the problems of companies in such an early stage. Often you will have to look into bare survival issues before you can look closer into IP issues.

What Makes a Successful Startup Consultant

Before you teach others, look at yourself. Are you the right person to work with startup companies as a professional consultant? And can you work together with other consultants that work for the same startup company?

Here is an article about patent attorneys and startup strategists https://ip-lawyer-tools.com/how-patent-attorneys-represent-startups-and-small-companies-a-review-of-practice-types/

What is said in the above article also applies to other professional consultants, such as accountants, general law practitioners, HR experts, IT experts, etc. etc.

Why Startups Usually Fail

Before you start advising in this area, find out why startups usually fail. Take this course here: https://ip-lawyer-tools.com/course/why-start-ups-usually-fail/

What Makes a Successful Entrepreneur

Find out more about the personalities of the respective startup founders. Not everyone can be an Entrepreneur. A short introduction is found here: https://ip-lawyer-tools.com/the-entrepreneurial-mindset/

Here is one extreme example that you need to spot at an early stage: someone who is not going into a business because of his love of the business. https://ip-lawyer-tools.com/why-so-few-people-become-entrepreneurs-and-shouldnt/ He is trying to get out of a life in which he is subordinate to a boss. He doesn’t like the hierarchy he is in, despite the fact that it rewards him handsomely for staying in. He does not understand what entrepreneurship is about, namely, the ability to make customers happy. He is not focused on customers; he is focused on the techniques associated with the business.

Innovation Marketing

The bigger part of the success of a startup is determined by its successful marketing. You can provide the best product or service in the world, it does not help if nobody knows it. Your advice, no matter in what area, must be aligned with the startup’s marketing. An introduction into the area of marketing is found here https://ip-lawyer-tools.com/course/marketing-sales-bootcamp/

How To Protect Your Client’s Startup from Going Under

You would be surprised, but having a Freedom-to-Operate (FTO) is more important than owning IP rights. Check out this course https://ip-lawyer-tools.com/lesson/what-is-ip-2/ and find out more about FTOs.

Also, learn why non-disclosure agreements (NDAs) seldom work in practice: https://ip-lawyer-tools.com/category/members-only-articles/ndas/

IP is There to Protect Your Startup from Ideas Theft

Learn more about the tools in an IP lawyer´s toolbox. You find a short introduction into IP rights here https://ip-lawyer-tools.com/course/ip-boot-camp/

IP Strategy

Please note that IP must always be synchronized with the marketing efforts of a startup company. Course #10 of my Patent Strategy Basic course explains this for the area of patents. What is said there about patents applies in principle to all IP rights.

Here https://ip-lawyer-tools.com/you-probably-cant-sell-or-license-your-patent/ is an article that explains why IP is usually worthless. Try to avoid what is said there and get your IP strategy right.

 

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