Nothing succeeds like success short expansion of idea

Product ideas with huge market potential are few and far between. That doesn't stop inventors from dreaming about them though. How could it? What if the market is so big, we wonder, that not one but two companies will want to license our idea from us? What could be better! In reality, this scenario doesn't play out very often. But it is possible. Here's what you need to know to make it happen. 1. Accept that most licensees will want an exclusive. Why wouldn't they? Companies are always seeking to differentiate themselves from their competition. Embracing open innovation is an excellent way of doing that. So why, after committing to manufacture, market, and distribute your idea, would your licensee then agree to compete for market share? Your licensee is making a major investment. That's why licensing is such a great business model for independent inventors. You're tapping into your licensee's power. However, the fact that most companies will ask you for an exclusive does … [Read more...] about How to License an Idea to More Than One Company

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × In this week, the Nifty has formed Lower Top, Lower Bottom formation, however, till now it looks like Hammer candle pattern which indicates strong demand at lower levels. On the daily charts, the Nifty is taking strong support at 16,240 which is a cluster of support zone (20 days simple moving average-SMA, multiple touch points). The Nifty has formed CIP formation (Change in Polarity) at 16,240 levels indicating strong support zone at 16,250 levels for the short to medium term. On the indicator front, the relative strength index (RSI) plotted on the daily charts is sustaining at 50-mark and moving towards up side which shows positive momentum for the short term. The Nifty has an immediate resistance placed at 16,610 and 16,800 followed by 17,000 levels. The downside support for the index … [Read more...] about Hot Stocks | Max Financial, TVS Motor, ICICI Prudential can give double-digit returns in short term, here’s why

The market seems to have seen extreme bearishness after the recent fall way below even its March lows, indicating the Nifty50 index moved near the oversold territory, experts said. A rising concern over inflation and fears of a recession because of rapid tightening of monetary policies weighed on the sentiment. The March 2022 low was 15,671. The Nifty50 plunged nearly 18 percent from its record high of 18,604 on June 19 last year, to 15,183 levels on June 17 this year. Even from its June high (current month), it lost nearly 10 percent, followed by recent recovery of 3.4 percent from 15,183. ICICI Direct highlighted four factors that clearly indicated that we are in an oversold territory, indicating more than 9 percent recovery from the recent lows. Only around 15 percent stocks traded above 200 day moving average in the recent fall, which means around 85 percent stocks fell below 200 DMAs, which clearly signifies extreme pessimism in the market. Technical experts usually … [Read more...] about Pullback likely as sentiment turns extremely bearish. These 19 stocks are bargain buys now

Share to Twitter Share to Linkedin Y ou’ve surely seen the TV commercial. Accompanied by “Time Warp” from The Rocky Horror Picture Show, family photos flicker by from a glamping getaway in a spaceship. The 30-second ad shines a beam on Airbnb’s OMG! category , a hunting ground for some of the booking platform’s most unusual — and popular — listings. More than 30,000 unique listings across the world were added to Airbnb in 2021, yet t he demand for crazy living spaces is so insatiable that the company wants to foot the bill to build more of them. Airbnb is creating a $10 million OMG! Fund to award 100 entrants with $100,000 so they can turn their wacky ideas into bona fide revenue streams. From now through July 22, Airbnb is accepting submissions, which will be judged for their originality, feasibility, sustainability and the experience the space will provide guests. The expert panel of judges includes style icon Iris Apfel , architect … [Read more...] about OMG! Airbnb Is Giving Away $10 Million For Weird And Wacky Design Ideas

There's an article in the February issue of this magazine that so perfectly captures why I believe it is crucial not to give anyone reason to work around you, I had to write about it. Every inventor's worst fear is having his idea stolen from him. I don't think ideas are stolen very often, actually. I do think they're worked around . That distinction is important. Let me explain. As the author of the article effectively clarifies, there's a significant difference between simply having an idea and actually executing on that idea. "It's not the idea others covet so much as what you make of it. An idea is a spark. No one wants your spark. They want your flame," Inc. editor-at-large David Whitford writes. I agree. If you want your flame to stay yours, or at least profit from it, adopting the right attitude is a must. I've experienced more or less the exact scenario the article describes, which is this: You come up with a great idea. You work hard to develop it. And just when … [Read more...] about How Being Reasonable Helps Protect Your Great Idea

Elon Musk is revered as one of history's greatest innovators . But what makes him so brilliant is that his genius is rooted not in an abstract complexity, but straightforward simplicity. It's this ability that enables him to seemingly turn any wild idea he pursues into a wildly successful business. But that's because he doesn't pursue every idea or innovation that comes to mind. Rather, he fields them using his simple "innovation equation" to determine if they are indeed worth pursuing. It's a crucial step many entrepreneurs overlook, leading them into a blind pursuit of something that might be great, but not great for them. In an interview with Lex Fridman , an A.I. researcher at MIT, Musk calls Dan Carlin's Hardcore History the "greatest podcast ever." He goes on to discuss the pursuit of innovation, and in doing so he reveals the core of his decision-making process and his innovation equation. According to Musk, "What matters is the pace of innovation, … [Read more...] about Elon Musk Reveals His Innovation Equation. It’s an Easy Way to Gauge If a Business Idea Is Viable

As much as the likes of Elon Musk may argue otherwise , the data is clear -- hybrid work is not only strongly favored by the vast majority of office-based employees , it also improves work-life balance, retention, and engagement without harming performance. In short, as loud as some old-school executives might howl, hybrid work is here to stay. But just because the data-backed case for hybrid work is open and shut, that doesn't mean implementing it effectively is easy. In the latest edition of his WorkLife podcast , star Wharton professor and best-selling author Adam Grant talks with two experts in remote work -- Stanford economist Nick Bloom and Harvard Business School professor Tsedal Neeley -- to uncover what's required to create a successful hybrid work environment. The trio of world-class experts lay out seven essential rules every leader should follow when designing and rolling out a hybrid work plan for their team. 1. Thou shalt coordinate. … [Read more...] about Adam Grant’s 7 Commandments for Successful Hybrid Work

Share to Twitter Share to Linkedin This week’s jaw dropping announcement by Crystal Cruises that in one fell swoop it is expanding into river cruising, offering a yacht product, operating its own private jet tours and selling 144 multi-million dollar residences aboard three new build cruise ships was part of a vision President and CEO Edie Rodriguez had in mind when she joined the line in October 2013. However, it wasn’t until this May, when the company was acquired by Genting Hong Kong , the dream began to take hold. She tells Forbes.com, more significant initiatives will be unveiled in the next six months. For industry observers, joining Crystal may have seemed a surprising move for Rodriguez, even if it was for the top job. A 34-year industry veteran, who started as a travel agent, she served in senior leadership positions at Carnival Corporation’s Carnival Cruise Lines, Cunard and Seabourn, as well as most recently senior vice president of sales and … [Read more...] about How Crystal Cruises Pulled Off Its Massive Expansion

It is Alakh Pandey’s love for teaching that evolved into a successful enterprise. Edtech startup PhysicaWallah has raised $100 million in Series A Funding, becoming a part of the list of unicorns in India. The company and its CEO Alakh Pandey have had quite a journey. It is Alakh Pandey ’s love for teaching that evolved into a successful enterprise. When he was in school himself, Pandey start tutoring younger students to support his family amid financial difficulties, Twitter user Shreyans Singh, who frequently tweets about startups, wrote in a thread on June 8. Pandey, who hails from Prayagraj in Uttar Pradesh, dropped out of college in his third year to teach physics at an institute in Kanpur. A college dropout from Allahabad built a profitable unicorn startup: Physics Wallah. This is the amazing story of Alakh Pandey pic.twitter.com/H3iagIoC46 — Shreyans Singh (@shreyans512) June 8, 2022 Close The students there loved how he taught. The head … [Read more...] about From college dropout to leading unicorn startup: PhysicsWallah CEO Alakh Pandey’s success story

Say you come up with an idea for a new product. At first, you're elated. This is a product people need, you think. It's genius! Why can't I find it anywhere? But when you begin studying the market, the air rushes out of you. The idea already exists. It's out there on the market, or maybe documented in a patent. Your heart sinks. Someone beat you to it. Discovering your idea already exists or a similar idea is not uncommon, which is why studying the market is so important. In fact it's the absolute first thing you should do. You need to know what's been done before to chart an effective course of action. Even when you discover your exact idea already exists, you still have options. Hear me out. First, don't just throw up your hands -- do more research. I begin studying the market using Google Images. Then I search for prior art using Google Patents or the United States Patent and Trademark Office's website. Is the invention patented? How strong is the prior art? Can you … [Read more...] about What to Do When You Discover Your Product Idea Already Exists