3 stages of starting an Invention Idea (Stage two)
Now that we have established that you have the brilliant Invention Idea and already ran it through some influential people in your life, what is next? Believe it or not this is the hardest part for any potential future of your Invention Idea, not the invention investment, not the actual development of the invention, it is now the make or break period. You are now in a stage that will test your commitment to take your ‘amazing’ idea all the way through. This is the Invention Planing stage.
The invention planing stage is where you actually start structuring your idea, to give it the shape and purpose you are looking for and put what ever is in your mind onto pen and paper. Are there steps to doing this? Many! The one I’m offering here is from my own personal experience so I’m extremely delighted if it useful.
The first step is to think really hard about the overall AIM of your invention. I would like to take you through a process that I always use and proved to be successful. What you do is to sit down, relax and take few deep breaths. Once you feel totally at ease start day dreaming but more of a controlled day dreams. It’s what I call “Constructive Day Dreaming” where you are in control of what you are seeing in your mind and altering consciously with the help of you gut feelings. Sounds silly but believe me when I say it does work! An example is you day dreaming where you would like your invention be in the next few years. Plus always write down what you see. What ever you wrote is your AIM.
The next step is to write your OBJECTIVES behind the invention. Objectives are the reasoning behind your aim, the ‘Why, when, how and where’ for that aim. Many people confuse between them or mix them up. I have to admit they can be very similar, all you have to keep in mind is that objectives are elaboration of the aims.
The last step is the OUTCOME of the Invention Idea. The Outcomes are also similar to the objectives but this time you are looking at from the invention’s prospective. Yes, as ridiculous as it might seem the invention does have it’s side in the story. Let me explain, in the aims you already mentioned what your intentions are with the invention and in step two you elaborated on the reasons for your intentions. Now in the Outcomes you describe the end-game of the inventions. For example, you can say that within the next three years the invention will be able to change the lives of that many people in these many countries.
These three critical three steps will help you structure your plans for your Invention Idea. They can also guide you with creating and writing the most important and dreaded document you will write, the Invention Business Plan.
Every Invention Investor that you are so eager to get your funding from will always be asking for the Invention Business Plan and there is no escaping it. So get ready for another tens of hours of sour fingers and jugs of coffees!
In my next article we will look on how to attract specific Invention Investors.
[...] second stage, which was Invention Business Planning, we practically covered the hard part of the your Invention Idea, which involved the aims, [...]