Today, I’m challenging you to say what is your stretch goal and write it down. Don't say, I'm going to call people tomorrow is my goal. Say I'm going to call three people on whatever tomorrow's date is. Say the number of people you'll call and then do that every day and you will stretch yourself. And eventually, once you follow through with your process, you will see results and the results that you are looking for.

If you want to know more about licensing, here is a link to a free training. Register today - https://www.inventtribe.com/pl/183365

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Everybody always asks the seed to produce fruit without going through the process of growing their roots, growing their stem and getting their branches. And so once you go through all those processes and you're prepared to receive fruit, that's when you can start to ask yourself or set up goals that say, all right, I'd like to license this product now. 

I have all the things in place, I have the knowledge, I have the understanding where I can, you know, take a product through the process, get it in front of 

potential licensees and get their response. 

And so you need to be that Apple seed. You need to grow your roots, 

you need to grow your stem, you need to grow those skills and abilities on how to license a product before you try to set that goal of licensing a product. You obviously have a big longterm goal. Yes, licensed product, produce royalties, but you need to break it apart in shorter, smaller things like growing roots, growing stem and branches so that you have the skillsets and those things are in place so that fruit can be produced. So I know that this is a little more metaphorical. 

It's not nuts and bolts of what to do, but it helps people focus on the right things. Instead of looking at the top of the mountain or the fruit at the end of the rainbow and whatever it is that you want to use as your pot of gold, then you need to focus on today and what you can do today, like growing roots to get to that end goal to produce life and skill sets that fruit can be bare, but come to fruition. And so I hope this helps. 

If you want to know more about licensing, here is a link to a free training. Register today - https://www.inventtribe.com/pl/183365

Subscribe & Review in iTunes

Are you subscribed to my podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. I’m adding a bunch of bonus episodes to the mix and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes!

Now if you’re feeling extra loving, I would be really grateful if you leave me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!

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You can go out and get yourself a sheet made, you can go out and get a patent and you can do all these things and build a prototype. But that phone call is the first opportunity that somebody that is a professional within the business can tell you your idea is not good.

And that's why the boogeyman shows up when the phone calls start to happen. And so I wanted to jump into how do you expel that boogeyman, how do you get them out of your world? And it was something that I had to face in a big way.

If you want to know more about licensing, here is a link to a free training. Register today - https://www.inventtribe.com/pl/183365

Subscribe & Review in iTunes

Are you subscribed to my podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. I’m adding a bunch of bonus episodes to the mix and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes!

Now if you’re feeling extra loving, I would be really grateful if you leave me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!

For more information, visit my website http://inventtribe.com

Follow me on my LinkedIn: https://www.linkedin.com/in/david-fedewa-a3814727/

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A lot of the times people get stuck in this analysis paralysis. And they're focusing on 'what do I do?' And that's not the real problem. It's not what do you do. Because when you start doing, then things start to unfold. And you start to learn and understand and you won't know everything when you start. That's the key. That's this jump that people want to make. They want to know everything before they jump. You can't, you gotta build your wings on the way down.

If you want to know more about licensing, here is a link to a free training. Register today - https://www.inventtribe.com/pl/183365

Subscribe & Review in iTunes

Are you subscribed to my podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. I’m adding a bunch of bonus episodes to the mix and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes!

Now if you’re feeling extra loving, I would be really grateful if you leave me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!

For more information, visit my website http://inventtribe.com

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If I get one company interest, I'm going to get multiple companies interested cause it's not always the case because they express interest that they're going to sign a deal and start paying royalties. So as an inventor make sure that once you get interests from one, you go and get interest from more and start to move down the tracks or move through the process of getting your product license as Susan did. So that when a company falls off, you have your other options. You're not just left dead in the water. 

If you want to know more about licensing, here is a link to a free training. Register today - https://www.inventtribe.com/pl/183365

Subscribe & Review in iTunes

Are you subscribed to my podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. I’m adding a bunch of bonus episodes to the mix and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes!

Now if you’re feeling extra loving, I would be really grateful if you leave me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!

For more information, visit my website http://inventtribe.com

Follow me on my LinkedIn: https://www.linkedin.com/in/david-fedewa-a3814727/

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I get the opportunity to see those that successfully close deals and those that don't. There is a difference between the actions that those that successfully close those deals and those that don't and that's what I found so fascinating and that's the superpower I want to share with you today and that superpower is "questions". It's questions because questions focus your potential licensee on the right things.

If you want to know more about licensing, here is a link to a free training. Register today - https://www.inventtribe.com/pl/183365

Subscribe & Review in iTunes

Are you subscribed to my podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. I’m adding a bunch of bonus episodes to the mix and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes!

Now if you’re feeling extra loving, I would be really grateful if you leave me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you!

For more information, visit my website http://inventtribe.com

Follow me on my LinkedIn: https://www.linkedin.com/in/david-fedewa-a3814727/

and Facebook: https://www.facebook.com/InventTribe

www.inventtribe.com

I have got multiple offers on my inventions...my students have got multiple offer. It's a lot of fun but scary at the same time. I have strategies that I use and coach my students to use to strike the best deal possible when faced with multiple offers!

I have tons of inventors come to me with their inventions saying "there's nothing like it!!!" I say "then DROP IT" I explain in this episode why thats the case and how to understand your product better to get it licensed.