Eps 36 - Your IP is Your Biggest Asset: Protect It!
To replicate successful work with clients, it's neither efficient nor necessary to recreate the wheel. - Erin Austin
An astounding 70% of the US domestic product is intellectual property. As expertise-based service providers, we are creating intellectual property (IP) every day.
Yet some of you (I’m not naming names) still challenge the importance of creating and protecting IP. Remember: we don't create IP for vanity's sake. It’s a crucial business aspect that allows us the leverage to make our businesses more profitable.
In this episode, you will learn in threes:
Three obvious places where you need to protect your IP
Three parties with whom you need to clarify and protect your IP rights
Three essential elements of a successful IP plan (and how I can help with each one!)
I worry when I hear service-based businesses overlook the incredible value that they create every day in the form of protectable and deployable IP. I want to make sure you maximize the return on the effort you put into acquiring your expertise. If you think you are missing out on these protections, contact me for a consultation.
Resources Mentioned:
Connect with Erin to strategize how you might use an online community to help make your business scalable and saleable. hourlytoexit.com/podcast.
Erin's LinkedIn Page: www.linkedin.com/in/erinaustin/
Think Beyond IP YouTube Page: www.youtube.com/channel/UCVztXnDYnZ83oIb-EGX9IGA/videos
Favorite Excerpt
As always, podcast episodes provide general information only. So if you have specific copyright questions, I strongly urge you to consult with your IP attorney. If you aren’t sure where to start, contact me for a consultation.
Music credit: Yes She Can by Tiny Music
A Team Dklutr production
For a full transcription of this episode, click here.