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invention, obviously, endows something which has never been experienced before. This is the mantra of a successful business on what every business thrive on. However, invention put its master on tenterhooks for the fact that whether he should go for business himself or should he try to go for licensing it with already established company. This is not an easy situation as there are many factors to be taken under consideration before making any final decision. Thus a person required to evaluate the entire negative and positive sides before he jumps to any conclusion. If your invention is licensed with any company then you would get royalty on the earned income and all other expenses would be paid by the company. This situation minimizes the risk of the person. On the other hand, if you start doing your business with your invention that would seek more of your time and commitment. Following are the few points you must consider in order to make a wise decision. 1. Your goals. 2. Your available resources. 3. Your tolerance for risk and expectation for rewards. Read More