Archive for the ‘Success’ Category

Personality Characteristics of Successful Inventors

Wednesday, August 13th, 2008

Successful inventors know more than just a technical sequence of steps. Beyond that, what really makes them successful is the personality characteristics they possess. They have a mindset that enables them to make the right decisions when they need to be made. While this is a bit harder to learn and master than the steps of a process, it is no less important. In fact, it may actually be more important. That being the case, let’s explore what some of these vital personality characteristics are.

1) Developing a bias towards action.

By far the most beneficial characteristic of successful inventors is having a bias towards action. Very simply, this is a shift in thinking where you are more inclined to do something than do nothing. When an opportunity presents itself, you move quickly and intelligently to capitalize on it. When a problem arises, you act just as quickly to neutralize it and minimize the damage. This is a major change from the habits of non-successful inventors (and non-successful people in general), who are usually happy to twiddle their thumbs while waiting for answers to serendipitously appear.

This is fatal to your chances of success. Therefore, you should make it your business to develop a bias towards action as quickly as possible.

2) Being decisive.

Going hand in hand with the a bias toward action is the habit of being decisive. As an inventor, you are the point man, the rainmaker, the go-to guy. You don’t have a CEO, human resources department, or labor union to bail you out when things go wrong. It’s you or bust, and that makes being decisive an absolute must. Again, this is more of a mentality than a step-by-step process. You need to feel ice in your veins when the time comes to make a big decision, being prepared to stake everything on the choice you ultimately make. As the great philosopher Ayn Rand wrote,

“An inventor is a man who asks ‘why?’ of the universe and lets nothing stand between the answer and his mind.”

3) Having integrity.

One of the biggest reasons people strike out on their own to invent stuff is they want to escape the backstabbing, soul-crushing, opportunistic corporate world. They didn’t want to BS and backbite their way to retirement. Integrity is very important to them, and should be to you.

Therefore, you want to be percieved as a man of your word.You never know who you are going to need a favor from. The person you you talked down last year might be in a position to make or break you someday. Plus, it’s just bad form to screw people in order to succeed. Stay true to your principles at all times and you will have mastered a crucial success habit.

4) Staying focused on your main goals.

Focus is another “state of mind” characteristic that you must work at if you don’t already have it. Very simply, it means devoting the most time to the things that move your goals closer to realization. Direct marketer John Carlton has a term for this: Operation Moneysuck. As he explained it, top copywriters were wasting their time if they worked on anything that didn’t bring in the money. They were not making money when they were fixing the copier, arguing on the phone with vendors, or issuing a refund.

The top inventors intuitively know this.

They know that every second they spend on other things is time they aren’t spending on finishing, packaging, and marketing their product. Adopt the same mindset and you will be well ahead of the curve.

5) Loyalty to your goals

This might seem like the same thing as staying focused on your goals, but it’s really not. Loyalty to your goals is what you need when a seemingly (but not actually) better opportunity arises. As human beings, it’s easier to take your eye off the ball. Especially when you get caught up in what seems cool and glamerous right now. But if you want to succeed as an inventor, you cannot succomb to this temptation. John Carlton elaborates:

“But when you have a set of goals to measure any incoming opportunity against, you know exactly what to do. If the opportunity moves you closer to your goal, then you jump on it. If it doesn’t… well, you’re allowed to reconsider your fundamental goals, but when you’re dead set on something specific (like being an entrepreneur) then it’s easy to let even hot opportunities go (like taking another job with The Man, regardless of how attractive the salary is).”

For an inventor, this means ignoring naysayers who tell you your dream is hopeless. It means listening to your own inner voice instead of surrendering it to people who want you to drag you down to their level.

6) Developing Strong ‘Why’s’

Why are you an inventor? Why are you inventing what you are inventing? Answering these questions - really, firmly, no-doubt-about-it answering them - will take you a long way toward following through on steps 4 and 5. One of the main reasons people don’t reach their goals is because they never had good reasons for setting them. Maybe they picked an arbitrarily high goal to impress their friends or family. Maybe they picked a goal they intuitively know is impossible to reach, so they give up. The solution is setting goals that are A) realistic and B) you actually want and need to achieve.

Think it through in such depth that you can recite your reasons at 3AM when someone pulls you out of a dead sleep and demands to know what they are. Once you are this resolved in why you are doing something, you will be virtually unstoppable.

Eric Corl is the President of Idea Buyer LLC, a new product development company and the parent company of IdeaBuyer.com. IdeaBuyer.com is a marketplace for new technology and products that gives inventors the opportunity to showcase their intellectual property to consumer product companies, entrepreneurs, retailers, and manufacturers.

Resources: Consolidate Your Invention/Patent Debt

Does Your Invention Have What it Takes?

Thursday, March 13th, 2008

Some mistakes are just too fatal to overcome. If you make them, your invention is pretty much dead on the water with no hope for success. Fortunately, your invention need not be doomed to the scrap heap of useless or uninteresting contraptions. A wise man once said that smart people learn from their mistakes, while geniuses learn from the mistakes of others. This article is an attempt to capitalize on the latter method. That being said, here are four surefire signs that your invention totally, unequivocally, and without argument, sucks.

1) You have no target market

Entrepreneur.com sums up this mistake:

“You have a big idea. You’re sure the masses will clamor for it. So you begin sinking lots of money into building your prototype, developing a business plan, hiring a patent attorney, and more. Little do you know there’s an identical product that’s already out there on the market. Yes, it can be heartbreaking to learn that someone else came up with your big idea first. But it’s even more heartbreaking when you’ve lost a significant amount of money because of it. Advice: be sure to research stores, the internet, catalogs, etc., before moving along in the invention process. I’ve seen people who’ve invested their life savings only to discover–too late–that their idea isn’t original. And it often takes a 10-minute search to find what you are looking for. How can you be sure your product doesn’t already exist? Spend enough time to ensure you’ve exhausted every angle. Search relevant stores wherever you go. Search the internet with multiple key words. In other words, don’t develop your product in a vacuum.”

This is by far the leading cause of inventions that suck. You cannot – repeat, NOT – create something no one wants and hope for a smash hit. If your invention is to succeed, it has to fill a real need for real people. Find out who they are before pouring your time and money into an invention.

2) Your invention is a vitamin instead of an Advil

The website AntiVentureCapital.com once had an article dividing ideas into two categories: vitamin and Advil. A vitamin is a nice product, but nothing that anyone would feel lost without. An Advil, on the other hand, fills a need so well that once it catches on, one can hardly imagine life without it. This is an instructive distinction for inventions, too. Who would be upset if your invention came off store shelves? Would anyone care? Would they even notice? Is your invention a vitamin, or an Advil?

It isn’t that all non-essential inventions suck; clearly, there is a large market for iPod accessories. It’s just that the ratio of bad vitamin inventions to bad Advil inventions is very lopsided in favor of the former. You are far less likely to screw up if your invention solves a major, pressing need than you are if you focus on some fringe desire that may or may not even exist.

3) It’s a “Me Too” invention

They say imitation is the finest form of flattery, but this is deadly advice in the invention world. It is statistically proven that the first and second to market take home the lion’s share of sales. It is also common sense that the hoards of knockoffs that inevitably follow are seen for what they are: knockoffs. The problem is that when something is first created, the first few producers make sure everyone knows about it. So by the time the knockoff artists come around, the buying public is fully aware that you are just the latest copycat. This being the case, you have no one but yourself to blame when sales plummet faster than The Core emptied theaters a few years back. Create something original, or at least add a new variation on an existing invention.

4) Your costs are out of control

Keeping costs low is not one of the sexier aspects of inventing, and therefore it is often avoided. Inventors without business acumen often assume that sales are all that matter. They figure with enough sales, they’ll have to turn a profit eventually regardless of how expensive it is to make their product. This is a deadly error that fells inexperienced inventors time and time again. It’s fine to use whatever is most convenient when you are making a prototype. At that stage, you are just trying to prove that your invention is workable. But once this is established and you set your sights to selling it, you need to find ways to get cheaper materials and supplies. This is crucial to turning a profit on each unit you sell and recouping the sizeable investment of time and money you are making in your invention.

If you steer clear of these four fatal errors, your invention probably won’t suck.

Eric Corl is the Founder and CEO of IdeaBuyer.com, the online marketplace for intellectual property that gives inventors the opportunity to showcase their intellectual property to consumer product companies, entrepreneurs, retailers, and manufacturers. You can email him at EricCorl@IdeaBuyer.com.

 

The Priorities for Gaining Credibility for Your Invention

Monday, March 10th, 2008

With all the false starts that come with inventing something, it is easy to feel like the Rodney Dangerfield of inventing: like you get “no respect” from credible figures in your field. If investors are turning you down, business partners are flaking out, and you can’t even seem to get your calls returned, it may be time for a change of priorities. Believe it or not, there is actually a tried-and-true formula for establishing yourself as a respected inventor. It begins be creating credibility for your invention.

 Priority # 1 – Creating a Prototype

 If anything separates players from spectators, it is this. Having a prototype – a real, working version of your invention – says unequivocally that you are for real and have serious intentions of entering your field. It takes your idea from, as Entreprenuer.com says, “your mind’s eye to the palm of your hand.”

Their article on prototyping offers some helpful guidance on how to approach the process:

“So what exactly should a prototype look like? First, it depends on your idea. Second, it depends on your budget and your goals. If possible, it’s great to start with a handmade prototype, no matter how rudimentary. For example, I’ve seen prototypes made from the simplest of household items: socks, diaper tabs, household glue, empty milk containers–you name it. If it works for your initial demonstration purposes, it’s as good as the most expensive materials.”

SRC: http://www.entrepreneur.com/startingabusiness/inventing/inventionscolumnisttamaramonosoff/article80678.html

The number one thing to keep in mind is getting your prototype to solve the problem it aims to. Early on, it is not important whether it looks glamorous. It does not need to exactly mirror the ultimate vision you have for it. Get something up and running – something that works – and you will have taken a bold and important step toward gaining credibility for your invention.

 

 Priority # 2 – Secure a patent for your invention.

 Once you have a working prototype, you should file a provisional patent application for your invention. This will protect any new formulas, equations, processes, technologies, or methods you employed in creating your invention. Having patent protection is an invaluable asset in establishing your credibility.

 For one, it enables you to approach retailers or business partners with a tangible asset. Not only do you have a working invention, but you also have the exclusive, legal right to commercialize it. This portrays you as a legitimate player with something to bring to the bargaining table.

In addition, a patent gives you some peace of mind that a sleazy ripoff artist can’t clone your operation overnight. It won’t stop all of them from trying, but it will give you the right to sue them for damages and legally compel them to stop.

Above all, being a patent holder puts you in a position to capitalize on your invention by conferring on you the status and rights you have earned.

 

Priority # 3 – Set some initial sales targets – and meet them!

 This step is where the rubber meets the road: that fateful day when the market decides whether your invention will fly. It is a day inventors anticipate with both excitement and fear; excitement driven by hope of success, and fear driven by worries about what could go wrong. However, you can increase your odds of hitting your sales goals with some rational planning and foresight.

 The first thing to do is some market research. You cannot just concoct sales goals on a whim, based on fantasies of what you would like to earn. Instead, you must research the market and determine what similar companies have sold. While this in and of itself does not determine your fate, it will give you a realistic idea of what to expect. Reliable sources of market research include industry trade journals, periodicals, and library/academic databases that include access to market data.

Another good step is to avoid overextending yourself. There is a temptation among many inventors to hit the market in a huge way. They want to get their product in as many stores as possible right up front. While the excitement is understandable, this is not always the smartest choice. A better idea is to start off by selling in one or two stores and use that to test the response. How did people respond to your invention? Were sales high? Are you maybe pricing your invention too high, or low? These questions are easier to answer on a small scale. There is an old piece of marketing advice that applies here: fail early, and fail cheap. If you can learn from mistakes at smaller stores, you can apply that wisdom and approach the bigger retailers with the most important thing of all – a track record.

 It would be dishonest to say that gaining credibility is easy. However, if you are diligent and smart in your approach, it is eminently possible. Don’t give up.

How to Fast Track Your Invention to Market

Sunday, March 9th, 2008

If you are the kind of person with a million ideas and not enough time to pursue them, you might want to consider “fast tracking” your invention to market. In this way, you essentially become a hired gun. You, the inventor, perform the tasks of researching and developing the product. Then, you “outsource” the manufacturing and marketing to partners with money. Those partners will develop, market, and fund the startup costs. In return for their greater efforts, they will receive a greater return. The benefit to you, however, is that this is one of the quickest ways to bring a product to market and exit with cash in hand. If you are a serial inventor, this can be a great way to build up some cash and move on from one idea to the next.

The best way to get the ball rolling is to find an angel investor, ie, a private person with personal wealth and the skills necessary to fast track your invention. INC.com has a comprehensive directory of angel investors. Using it, you can locate investors in specific areas, with specific skill sets, and find one that is sure to meet your fast-tracking needs.

Once you have found an investor, the next thing you will do is determine how profits will be split and who is responsible for what. Typically, you will be the one researching and creating the product in question. If it was your idea, this is only logical. You should make it your business to know the market inside and out and formulate a product that can be profitably sold in it. Then, you want to create a prototype for it. Since the extent of your responsibility is creating the product, it makes sense to do this as quickly as possible. Then, responsibility shifts to the investor to put up the funds and get the product to market.

In his landmark text “The Time Trap”, Alec Mackenzie stresses that the single most effective way to get more done in less time is writing a list of things you are going to do that day. It sounds simple – and it is – but it takes a high level of discipline to actually put it into practice. Accordingly, this is an excellent way of ensuring that you develop your prototype as quickly as possible. Not a day should go by when you are not doing something to advance this goal.

When you finally do have your prototype ready, you should waste no time hitting the market. How can you do this? The best way is to use a tried and true formula: start with smaller stores, build a track record of success, and use this as leverage to get into bigger outlets. An article on BusinessKnowHow.com imparts a very specific strategy that you can use to get your product to market in a short period of time. Here is the course of action recommended:

“This is where reps come in. They have had to change their ways of working. It used to be that they would spend the majority of their time with the big chains. The little guys got whatever time was left over. In some cases, reps would use sub-reps to call on the little stores. Well, it ain’t that way today. Some big firms such as Wal-Mart say that due to their volume they don’t need the rep to call on them and they want the commission usually paid to the rep for themselves. That means that reps have to look for other ways to make money. They do this by two methods: One, call on smaller retailers and call on them more often; two, take on lines that the smaller retailers are looking for. 

“So, as a supplier to the retail market, seek out the reps. Ask some stores that might be potential candidates for your line who they believe is the best rep that calls on them. Interview several reps, see what other lines they have that would cause them to call on the same type of firm you believe your goods could go into. They are your best bet for getting into all types of stores both large and small, that is their profession.”

For the best results, you can have your investor start working on this while you are creating your prototype. Optimally, you can do these tasks side-by-side, wasting as little time as possible and getting to launch as fast as you can. If this is not possible, you should at least begin this process as soon as the prototype is ready. When it comes to fast tracking, time is obviously of the essence.

Keep your objective in mind with the eye on the prize to compress time and shorten your time to market. 

Networking – It’s the Small Things That Matter

Saturday, March 8th, 2008

In a fast-paced world where today’s partnership is tomorrow’s downsizing, how do you maintain your networking prowess? The short answer is to forget the saying “don’t sweat the small stuff.” This may be true in certain contexts, but networking is not one of them. When everyone and his mother is promising you the moon, you trust those who remember the little nuances and details – and who comes through on them.

What types of small things matter? Think about what matters to you. One of the smaller details that always matters is birthdays. Your partners’ lives are just as busy as yours. In the daily bump and grind of conferences, trade shows, stockholder conventions and business trips, even the mightiest producers can be worn down. Consequently, occasions like birthdays are seen as a rare opportunity to relax and take stock of one’s place in the world. If you remember to send over a bottle of champagne or even simple a happy birthday phone call, you will likely be held in high regard by your partner.

Better yet, go the extra mile. If the partner in question lives nearby or will be in town, make a point of taking him or her out to dinner for special occasions like this. Things like this become cemented in our minds as signs of loyalty and good will.

The same holds true for major anniversaries. If you have been partnered with someone for many years, you probably know important anniversaries of theirs – their marriage, the day their company went public, even the first deal you two consummated. These are days of triumph and celebration, as well. It is gracious and appropriate to extend well wishes or even gifts like champagne or tickets to sporting events in recognition of anniversaries. Little things like this show that your partnership transcends the pursuit of profit and encompasses the good will between you.

Of course, the little everyday things matter as well. Remembering the names of a partner’s child, spouse, or even pets can go a long way toward showing that you value them. When you think about it, this is common sense. You would begin to question someone’s authenticity if you had to tell them your kids’ names a dozen times too, wouldn’t you?

You can also look to things outside of work to strengthen your networking acumen. The easiest example of this is the throngs of businessmen who hash things out on the golf course instead of in the board room. There is just something about an informal setting that fosters a sense of trust between partners. For this reason, create such settings often. Whether it’s golf, sporting events, concerts, or anything else the two of you deem enjoyable, such activities will add a new dimension to your partnership that a cutthroat, fly-by-night competitor won’t be able to outdo.

Another way that the little things matter is when it comes to deadlines and obligations. These are the heart of any partnership, since you are presumably partnering to benefit from each other’s skills and experiences. The best advice is also the simplest: be a man or woman of your word. If you promise a partner that you will have a report ready by a certain day, see to it that you do. If you can, strive to exceed your deadlines. This creates an image of you in the partner’s mind as someone who can be trusted under any circumstances. And, like bad images, these are very difficult to dislodge once they take root. You will benefit from this perception of trust and reliability time and time again.

Finally, it must be said: for all of these things to work and truly be effective, you must be sincere about them. In other words, don’t feign concern, care, or respect for your partners if you don’t actually feel it. Harvard Business School graduate John T. Reed offers an example of what not to do in his review of Robert Kiyosaki’s book “Rich Dad, Poor Dad.”

“On page 154, Kiyosaki says “the reason you want to have rich friends” is to get inside stock market information that you can make low-risk profits. He ends that discussion with the sentence, “That is what friends are for.” That is the narrowest, most mercenary definition of friendship I have ever seen. I doubt Kiyosaki is the only person who feels this way about his friends, but he may be the only one dumb enough to say it in a book.”

SRC: http://www.johntreed.com/Kiyosaki.html

Obviously, this is not the reason you want to have friends or partners. You should feel a genuine sense of trust, respect, and good will toward any business partner that you have. If you do not, the tactics in this article will lose their status as friendly gestures and become mere brown nosing.

However, assuming that you and your partner have an authentic relationship, you will do wonders for yourself to keep the small things in mind!

Eric Corl is the Founder and CEO of IdeaBuyer.com, the online marketplace for intellectual property that gives inventors the opportunity to showcase their intellectual property to consumer product companies, entrepreneurs, retailers, and manufacturers. You can email him at EricCorl@IdeaBuyer.com.

Stand Out From the Crowd

Friday, March 7th, 2008

Have you ever looked around and wondered, in amazement, why everyone seems to be living the same life? Tragically, many people are content to become cogs in larger machines or groups of people. They become mere microcosms of the dominant attitudes and trends around them that they never stop to scrutinize or question. There are two kinds of people, however, who do not mindlessly submit to this corporeal of sameness. The first kind of person rebels against it, but in relatively benign and meaningless ways. They might dress flamboyantly or oppose trends for the sake of opposing them, but in substance there is very little to separate them from the common man. In reality they are entirely dependent on other people. Others shape their attitudes, but in reverse.

The second, much smaller group responds differently. They look around in horror, slam their fist on the desk and decide that they are not going to go through life as another schlep nobody. They are going to stand out from the crowd in a meaningful way.

 How do they do it? They stand out by taking a completely first-handed posture in the world. They accept responsibility for forming the beliefs at the core of their being and become an uncompromisable expression of their vision. Standing out is, in the words of fictional hero Howard Roark, “living as though you were the first man born.” It is achieving a radical independence of mind.

 In the eye-opening book “Ayn Rand’s Normative Ethics – The Virtuous Egoist”, philosophy professor Tara Smith offers some insight:

“An independent person seeks neither his direction, his conclusions, nor his satisfaction from the views of others. He does not act for the sake of others in any way. Others are not his compass. Reality is.”

This kind of attitude naturally leads to standing out from the crowd, for the simple reason that so few live this way. So engrained is the herd mentality, so pervasive is the sameness that the man who charts his own course is a violent jolt out of the norm. That being said, here are some practical ways to employ this attitude in the service of your efforts to stand out.

Make your views known instead of accepting the status quo.

When it is appropriate, feel free to dissent from the prevailing viewpoint in a debate or argument. If the popular opinion around the office is that universal healthcare is the greatest thing since the New Deal, speak up in protest. If you know government healthcare leads to rationing and violates the rights of doctors, saying so will make you stand out immediately. If you give an impassioned plea for the glory of the free market, you will distance yourself from those who consider this cruel and heartless.

This does not mean that you should go looking for excuses to make a scene. It means that if you genuinely dissent from some popular viewpoint, you should feel no shame in saying so.

Live by your stated convictions and beliefs.

We live in a very hypocritical society. On the one hand, Hollywood glorifies the hero who holds true to his convictions against all odds. On the other, we hear from our leaders and cultural spokesmen that we live in a “complex world” where principled action is “simplistic.” However, this is not true. The masses of people who think that are confining their vision to the immediate moment. They are ignoring the broader consequences of their actions; in fact, they pretend that no such consequences exist. The standout man is the one who realizes that this is not true.  He is the man who knows that caving in to an irrational spouse’s or employer’s demands only fuels them and encourages them to grow. He is the man who realizes that living by a code of principles is the only honorable and practical way to live. Staying true to principles like honesty, integrity, and independence in the face of societal or institutional pressure will set you apart from the crowd in a huge way.

Center your life on a purpose that fulfills you.

Another tenet of the follow-the-crowd orthodoxy is the general lack of purpose or direction in people’s lives. The unwashed masses delight in pointlessly drifting from one unfulfilling day to the next until their lives have, as E.L. Kersten writes, “Faded into the obscurity and irrelevance they have earned.” For this reason, the man or woman who lives each day in purposeful pursuit of a vision or dream will always stand out from the crowd. He is a walking, talking statement that the only meaning of life is the meaning you choose to give it. This is a sharp contrast to the general crowd, who is more than happy to let someone who seems astute enough render an opinion or direction for them. It is a bold departure from the hopeless “oh well, whaddaya gonna do?” logic that keeps most of humanity running in place.

When you get right down to it, standing out from the crowd is really a matter of following your own vision. Do that and you will be standing out in more ways than you ever dreamed possible.

The Power of Focus

Sunday, February 24th, 2008

If you aspire to high achievement, focus is a power from which you cannot abstain. Inventing something new, bringing a product to market, and authoring your own destiny are not things that you luck into by chance. If you are to reach these plateaus, you must do it consciously, with full focus and awareness of what your goals require. But what is focus, exactly?

The achievement-celebrating philosopher Ayn Rand offers an excellent definition of the mechanics of focus:

In any hour and issue of his life, man is free to think or to evade that effort. Thinking requires a state of full, focused awareness. The act of focusing one’s consciousness is volitional. Man can focus his mind to a full, active, purposefully directed awareness of reality—or he can unfocus it and let himself drift in a semiconscious daze, merely reacting to any chance stimulus of the immediate moment, at the mercy of his undirected sensory-perceptual mechanism and of any random, associational connections it might happen to make.

When man unfocuses his mind, he may be said to be conscious in a subhuman sense of the word, since he experiences sensations and perceptions. But in the sense of the word applicable to man—in the sense of a consciousness which is aware of reality and able to deal with it, a consciousness able to direct the actions and provide for the survival of a human being—an unfocused mind is not conscious.

Psychologically, the choice “to think or not” is the choice “to focus or not.”

If you want to succeed, you need to focus. You need to focus your mind to a “full, active, purposefully directed awareness of reality.” One way to begin doing this is to spend some time thinking about it. This seems obvious, but is often taken for granted. How often do you make time to sit down and think about what really matters to you? This is important if you want to achieve a state of focus. After all, you cannot focus without something to focus on. However, you need to be careful to ensure that you focus in the right way.

In his book “The 7 Habits of Highly Effective People”, Stephen Covey reveals that there are actually two kinds of focus. The first (the good kind), he calls “proactive focus.”

“Proactive people focus their efforts in the Circle of Influence. They work on the things they can do something about. The nature of their energy is positive, enlarging and magnifying, causing their Circle of Influence to increase.”

This is the kind of focus you want to exercise: rational, healthy focus aimed at what you can and should change. The other kind of focus is called “reactive focus.”

“Reactive people, on the other hand, focus their efforts in the Circle of Concern. They focus on the weakness of other people, the problems in the environment, and circumstances over which they have no control. Their focus results in blaming and accusing attitudes, reactive language, and increased feelings of victimization. The negative energy generated by that focus, combined with neglect in areas they could do something about, causes their Circle of Influence to shrink.”

Now, let’s compare each type of focus with a practical example. We will assume you are an inventor and you are competing with another inventor for a spot on Wal-Mart’s shelves. Here is how a person applying proactive focus might approach the competition.

“Gee, this sure is gonna be tough. If I don’t land this spot, it might mean going back to the drawing board. However, I am not going to let that cloud my thoughts. I know my product is valuable. I am confident in it. If I really flesh my presentation out, I have a pretty good chance of beating this other guy. Therefore, I’m not even going to think about what if I lose or what my competitor is doing. All I can control is how my invention and I come across to the store reps. Time to get working on it.”

This is the type of focus you want to achieve. Notice that this person has blocked out all kinds of irrelevant thoughts – the downsides of losing, any advantages his competitor might have, etc. His sole concern is making his invention look as good as possible. Now, let’s look at how a person exercising reactive focus might think about the same situation.

“Arg, this is going to be so hard. If I don’t land this spot, it’s game over for me. Why should I even try? This other guy has way more money than me. We can’t all get an inheritance and a huge staff to work with. How can little old me compete with all of that? Ugh..whatever. I guess I’ll go in there and sling mud at the wall and hope it sticks.”

This person is focused too, but on the wrong things. Dwelling on how much money the other inventor has or his huge staff does nothing to move the goal closer to realization. All it does is squander the inventor’s precious energy on irrelevant matters. Meanwhile, the proactively focused inventor is locked in on the things that matter, tirelessly pursuing the best within him and doing all that is within his power to succeed.

This, in a nutshell, is what focus is. It is a state of mind where you resolve to let nothing stand between your ambitions and their uncompromised achievement.

 Eric Corl is the Founder and CEO of IdeaBuyer.com, the online marketplace for intellectual property that gives inventors the opportunity to showcase their intellectual property to consumer product companies, entrepreneurs, retailers, and manufacturers. You can email him at EricCorl@IdeaBuyer.com.