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About kevin kemper
Expertise
IN my 34 + years with prospective entrepreneurs aged 7 through age 77, in Canada, Mexico and elsewhere; both directly and through my TV show and newsletter on Entrepreneurship, have advised on: starting a business, writing a business plan, finding staff, setting compensation plans, when to joint venture or consider a franchise, have a partnership or corporation structure, when to start a biz vs buying. Currently tutoring individuals in S. Africa, Bangladesh, India, China, Australia and Brazil. [My incomplete book is entitled Assured Entrepreneurial Success]

 
   

You are here:  Experts > Business > Small Business Information > Venture Capital & Stock > Taking an idea to market

Topic: Venture Capital & Stock



Expert: kevin kemper
Date: 10/29/2004
Subject: Taking an idea to market

Question
-------------------------
Followup To
Question -
A friend of mine has obtained a patent for a product, and the product shows great promise for marketability. Where can he go to get help in raising capital and taking the idea to market?
Answer -
why need he raise capital AUTOMATICALLY to sell the item[s]?

what is he selling?
plz email me a pic

DO NOT attach

kkemper1@mindspring.com

Reply to your reply:

1. He needs to raise capital so that he can a) Create a prototype; b) Find a manufacturer; c) Produce the product; d) Market the product.

2. The product is some kind of "finger pen"--a pen which somehow attaches to the finger, making it easier for stroke victims, the elderly, and others to write.

3. I have no picture.


Answer
for each 100 inventions, only one is ever brought to market.

I suggest finding a biz atty and giving the atty 1/2
of your company to be and let him/her contract with
an engineer to make the pen and with a producer to
mass produce and market it.

prepare to spend some cash and wait 6 mo to 1 yr to
get to market.

kkemper1@mindspring.com

I will help but i want you to know it is an uphill battle
and if you have the stamina, I will help you.

thanks for asking

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