Looking at Inventions from a Business Perspective with Brian Fried, Founder of Inventor Smart

Brian Fried is a serial inventor, with many of his inventions reaching audiences through mass retail, infomercials, home shopping channels, catalogs, and online retailers through licensing and manufacturing. He is the author of Inventing Secrets Revealed and You & Your Big Ideas and has been featured in media outlets like The New York Times Magazine, Newsday, CBS News, Food Network, and WPIX-11. Brian hosted Got Invention Radio, conducting over 150 interviews and interviewing high-profile guests including the U.S. Patent & Trademark Office, and Lori Greiner from ABC's Shark Tank.

Brian mentors and represents individual inventors and celebrities at all stages of the invention process, providing feedback, product development, licensing representation, and turnkey solutions to make ideas a reality. He is considered an authority and advocate for inventors within the invention community and is requested as a guest speaker on innovation and invention at major trade shows, government agencies, schools, and libraries. Brian is also the Founder and Chief Invention Officer at Inventor Smart, an Inventor Liaison at Licensing International, and Executive Director at the United Inventors Association of America.

When looking to invent something, it is important to put things into perspective and have the right expectations. Many times, inventors become emotionally attached to their inventions, especially the first one, and believe that nothing will get in the way of their quest for success.

However, inventors should be aware that every invention doesn't have to be a home run. It is necessary for them to step back, think critically, and make good business decisions. They also need to separate their emotions from business decisions; that way, they will make the best decisions for their inventions.

Brian Fried, Founder of Inventor Smart and an inventor, is Rich Goldstein's guest in this week's episode of Innovations and Breakthroughs. Brian talks about inventing products from a business perspective, the steps inventors should take in researching patents, and licensing and manufacturing. They’ll also touch on product design and development. Keep listening.