When it comes to a business startup, inventing always implies spending funds to make more funds. Thus, when considering investing in an inventive concept, think of all the opportunities to invest your finances and think better whether they are worth investing. When it comes to a business startup, inventing always implies spending funds to make more funds. Thus, when considering investing in an inventive concept, think of all the opportunities to invest your finances and think better whether they are worth investing.
To invest reasonably, you should have a clear-cut picture of this new and exciting business. As it usually happens, people get extremely ignited by their ideas. Though initially excellent, passion can still be confusing sometimes, so do not let it fog your mind. History knows many examples, when people, who were extra driven by the idea and blind to the real-life circumstances, were disrupted and did not make their invention a success.
To prevent unexpected disappointments, consider investing in inventing.
First and foremost, making an investment is a risky, yet rewarding thing. Many circumstances can be regulated, while others cannot. This is a situation that can make your invention roadmap a fail. Some impediments are hard to identify until it is too late.
Some time ago, I dedicated a whole year designing a complicated aquarium filter for a client. By the end of the whole deal, a bigger company with the same idea bought the client’s business. The competition between our ideas and theirs was supposed to conclude, which one will be selected as the producer.
It took me about a year of hard work to produce the first samples of the project.
Following that, a plane with my company’s samples burned up in Atlanta, letting everything disappear. Instead of waiting for other samples from our company, the client decided to give up my project and thus undermined a year of hard work.
As an investor, you do not have control over many objective factors, like patents, that you may not know of, or successful products, which are going to hit the market. This can wreck your big dreams. So, in fact, it does not matter how circumspect you are, be ready to lose everything when making an investment in an invention.
The most substantial risk factor for a newcomer into a business world is the lack of awareness and perspective. To alleviate this risk, address an advisory team, who will help you make decisions properly.
An investment may be considered finished when the concept is licensed, thus the whole amount of investment is set and the cash can go on coming in. This can result in a significant income, which is 50 bigger than the original investment.
Moreover, there are a lot of other benefits of investing in inventing. For instance, the preliminary stages of creation (product creation, troubleshooting) are usually very exciting to do.
Another perk is that your idea is a unique investment opportunity. Only you have ownership over it (considering that you have a concept worth investing in and a capability to promote it). As an investor, you have unlimited opportunities, which can be realized by your own abilities. Even if you do not succeed, you will know you at least took an effort and tried to make your ideas true. At some point, their perks make you ignore that a specific idea does not bring with it a good investing opportunity.
In case you decide to invest in a pure idea of your own or someone else’s, stick to these simple tips, which I have been given by my personal advisor and coach:
- Your end result should be justified by the risk you are taking. We all know, that inventing is inherently a risky thing. So make sure, the idea is completely worth it. Many people make big investments in ideas with little potential.
- Make an investment, which is within your budget. Be ready to lose everything. Never bet a whole farm on a risky idea, but instead –just small parts of it.
Another tip would be investing in inventions, that have already demonstrated their high cost-efficiency. For instance, blockchain technology is gaining its popularity among investors. And no wonder! These days there are so many blockchain-based startups, which are totally worth investing in.
Metahash is an example of a successful startup, based on blockchain, which does not only bring together blockchain and crypto technology but also aspires to make positive changes in the world of finances. Metahash has made crypto transactions extra safe and protected.
Moreover, Metahash allows its users to create decentralized applications that operate in real-time. Such applications are sensitive to the developments in both: blockchain networks and general networks.
Metahash applications are protected by the #TraceChain protocol and thus keep your personal data safe. To prevent overloading of the main network, the platform created thousands of sub-chains, that work cost-effectively and fast.
