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I

f you’re worried that someone’s going

to steal your great idea, it’s time to

protect yourself.

As entrepreneurs, we often

have a lot of ah-ha moments.

Some ideas are definitely

better than others. If you’re

worried about someone

stealing your ideas, here

are threeways you canwork

to protect your intellectual

property.

Hopefully, nobody

will ever take your

idea but if they

do and you end

up in court over

it, you’ll both be

asked to have proof

of the concept with a

date. So, even if you

don’t expect to ever

be in a situation, it’s

a good idea to get

into the practice of

protecting yourself

by

documenting

your ideas and their

conception.

to Protect Your Ideas

Keep a journal – paper or digital –

and make sure that your entries are

dated. Keep complete records so that

there’s little room for doubt about

your concept intentions. This way,

you’ll be keeping a timeline of your

concept’s evolution.

Copyright, trademark, or patent

it. Registering something with the

copyright office or getting a trademark

are both pretty simple processes and

relatively inexpensive.

Getting a patent is a bit more complex

but each of these steps serves as a

government issued exclusive rights to

the product or published work.

Lastly, be mindful of who you share

your information with. You won’t want

to share your ideas with someone

who is known to be terrible at keeping

secrets or worse yet, someone who

has been known to take others’ ideas

and do something with them.

By Holly Kile

3 Ways

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SOAR TO SUCCESS

| AUGUST 2015 |

Core Business Strategies