Some interesting links we found across the web this week:
Why Your Patent Is Probably Worthless
Thinking about patenting your invention? Inventors seeking to commercialize an invention often face the decision whether to patent their invention. An important factor to consider in this decision is the high cost associated with obtaining and maintaining a patent. A patent may not be worth obtaining if the costs can’t be recouped by selling the invention in the marketplace. This article from Entrepreneur discusses two main reasons why inventors may never end up recouping their patent costs.
How to Reassure Your Team When the News Is Scary
As a new company, it can be difficult to know your legal obligations and risks in the event of a crisis. Considering the global spread of coronavirus (COVID-19), companies may find themselves asking how to respond to meet legal obligations and minimize risk. Check out this HBR article for tips and advice regarding how to handle HR-related legal concerns surrounding coronavirus (COVID-19).
Before You Launch: Startup Tips From Seven Successful Founders
From losing sight of the customer to losing sight of your original goal, there are many common mistakes made by first-time founders. Learn about mistakes made by successful founders from this Sifted article to avoid making them yourself.
Why You Should Focus on Your Return on Investment in Your Startup
Focusing on generating a positive return on investment is critical for every business, including self-funded startups. This article by Forbes discusses how defining goals and making decisions at every stage of your business based on return on investment can help turn an idea into a profitable startup.
3 Steps for Startups to Start Leveraging AI
Technology is rapidly evolving and so is the discussion surrounding the potential benefits of AI to businesses. Soon, the use of AI will play a prominent role in the efficiency of all business types. Read this article from Inc.com to see how your business can leverage AI so that it doesn’t get left behind.
