Inventor Business Plan

DesB

Greetings to all and thanks in advance for all assistance given.I have a provisional patent for a kitchen appliance [variable coffee machine] that myself and friends are developing. We are in the process of writing a business plan to obtain funds for creating the prototype and then presenting to various companies/groups with the intent to license. The issue that we are having is related to the uniqueness of writing a business plan 1] for an invention and 2] with the sole intent to license. With that in mind, here are some of the questions that have come up:1] In writing the financial portion of the plan, are we only to focus on the costs associated with creating the prototype and marketing to perspective licensees; or do we need to also include projections for the costs of manufacturing and selling the product?2] In the market analysis section, is it sufficient to only discuss the various ways we intend to market to potential licensees; or do we need to get into marketing plans towards consumers?3] Are there any sample invention (to license) business plans available?Hopefully these questions explain the dilemma that we are facing.

saliviyajonathan

According to me you just consult with people and instead of analyzing single costumer you must go in the market and know what latest plans are. One you have decided that what you should do then you can watch several samples.

infinique3

Many inventions are held secretly as they don't want them to be available to the mass public. Such as the car that was able to run on H20 in the 1970s.