This book contains proven steps and strategies for how to patent your invention so that only you can benefit from it. Patent law can be complicated and this book attempts to make it simple enough for laymen to understand so that they'll know everything they need to be able to file a patent. In addition, the information in this book can help increase the chances that your application for a patent is approved. Keep in mind that the US Patent and Trademark Office receives an average of 500,000 patent applications a year.

Think you need a patent? Think again. Many of the products Stephen Key has licensed required no intellectual property protection whatsoever, yet have made millions in royalties. But Key also knows what it takes to protect a big idea. Years ago, after reading about how medication bottles rarely contain enough space for the information that needs to be printed on them, he was inspired to develop an innovative label technology.

Forget the patents, forget the prototypes, forget starting a business. Sell the benefit first instead! Today it’s all about selling first and selling fast. His road-map for licensing success is now being taught in major universities. Stephen has uncovered the consumer product licensing industry from the inside. He has interviewed 28 leading experts across 17 different industries, as well as professional inventors, to share their knowledge with you - so you too can now become a full-time professional inventor.

Patents don't have to be a dry and boring subject, and inventors, investors, and business people may (and should) enjoy using them to their advantage. However, to empower the general public to use the patent system to its fullest extent, the need remains for a book that introduces important patent concepts in a humanly understandable fashion, with down-to-earth, practical advice that, more importantly, is not boring, as many patent books unavoidably are to readers who are not patent practitioners.

By cutting out the noise and providing a clear and proven plan, this road map helps even brand-new entrepreneurs make decisions quickly, get their product up for sale, and launch it to a crowd that is ready and waiting to buy. This one-year plan will guide you through the three stages to your first $1 million: the Grind (months 0-4), the Growth (months 5-8), and the Gold (months 9-12). If your goal is to be a full-time entrepreneur, get ready for one chaotic, stressful, and rewarding year. If you have the guts to complete it, you will be the proud owner of a million-dollar business.