I have known paranoid individuals for most of my entire life. Usually their paranoia is self-destructive, not a pleasant thing to discover. Some people are paranoid that others are trying to take their wealth, or their wife, or their glory, or that they will be contaminated and made ill. The gamut of fears that paranoid individuals believe they confront is endless. These insecurities may become severe handicaps that can handicap one as life unfolds.
On the other hand, paranoia for the entrepreneur or perhaps an inventor is usually a healthy mindset, so far as their work product is concerned. We counsel clients to assume that somewhere, someone is concentrating on an understanding that may beat or surpass their idea in the market. Another part of oft provided advice is it: “time is not an entrepreneur’s friend”.
The tech arena of the 1970’s and 1980’s was the core of the greatest entrepreneurial explosion in history. Whole industries were born and the nature of human existence was radically changed, and improved, as new applications were discovered and commercialized by these ambitious pioneers. The Invent Help Tech has always provided the best rewards to the first to market mover. Being paranoid is a worthy and necessary trait that most successful innovators possess and control within their push to have their idea towards the market before competitors.
After putting himself through the University of Kentucky (B.A. Broadcast Journalism, 1969) and serving in the United States Marine Corp, Mr. Ficke commenced an occupation inside the cosmetic industry. After rising to National Sales Manager for Vidal Sassoon Hair Care at age 28, then he launched several ventures, including Rubigo Cosmetics, Parfums Pierre Wulff Paris, Le Bain Couture and Fashion Fragrance.
Geoff Ficke is a serial entrepreneur for almost 50 years. As a small boy, earning his spending money doing odd jobs within the neighborhood, he learned the value of selling himself, offering service and good value.
Retailers always assume the stance of what perhaps you have done for me lately!
I cannot overstate the value of paranoia and urgency as being essential arrows within the successful entrepreneurs quiver. We have now seen the unsettling despair that engulfs inventors that see their work, dream and investment scuttled by overconfidence and delay. It is really not pretty to enjoy, but happens far more frequently than imaginable. The true waste is it can almost always be averted if prudent steps are taken to move and become aggressive.
Paranoia and urgency are first cousins when trying to launch Inventhelp Headquarters, service or idea. The fear of getting beat to keep shelves with a competitor insures that driven entrepreneurs move expeditiously to perfect and launch their enterprise as fast as reasonably possible. This can be positive paranoia.
The great Technology entrepreneur Andy Grove used to be asked what dictum he used as being a basis for running his Company, Intel. His response was simple: “merely the paranoid survive”. Mr. Grove grew Intel coming from a garage business in Silicon Valley to the world’s largest computer chip manufacturer as well as a lynchpin inside the fabulous spread of technology into virtually every home and office in the world.
The key to insure continued success will be the speed that the innovator uses to penetrate the current market. The first to market mover has the main benefit of being identified by the trade since the “real innovator”. They may have introduced jxegmd product which defines the course. While knock off products can be cheaper, or come in a number of styles, they are viewed as followers, not leaders, in the event the entrepreneur moves aggressively to distribute the product to the widest sales universe.
After the product hits store shelves, to be able to secure longer term success, a brand new type of paranoia has to come in to play. At the moment, the inventor must confront the possibility, actually the probability if the product achieves initial success, that competitors will immediately begin the process of knocking off, or duplicating the Inventhelp Caveman Commercials. Duplication could possibly be the best form of flattery. However, if a well-healed competitor decides the opportunity is ripe they are able to flood the current market with cheaper versions from the product. You have to anticipate and be prepared for this probability.
Another answer to cementing the first to promote mover advantage is: quickly follow-up the launch item/s with line extensions. Is another absolute marketing reality: Your product is never the greatest, only the latest”. Buyers will watch sales trends. As soon as your launch item actually starts to gain traction, they would want to understand what new items you have coming to stoke the pipeline.