One of the biggest questions we get is “how do we start scaling our production of ___?” And we always start in the same place: is your idea protected?
One of the most important things you can do for your growing business is intellectual property (IP) protection of the thing that keeps your business alive. Something as simple as a registered trademark for your company’s name all the way down to a patent for your product or process can be the line between a business that survives and one that doesn’t.
A quick Google search for “famous stolen inventions” will show you how much money can be made (or lost!) from a product that’s not properly protected. Now, does a patent alone doesn’t stop someone from stealing your idea? No, but it does give you legal recourse against someone who tries.
So the moral of the story is: protect the life blood of your business and protect your products and ideas — it’s worth the time and money to ensure that your product will propel your business to the next level.