How to safeguard your ideas or inventions is an important concern for many first time inventors or entrepreneurs. A small business, especially one that is looking to grow, has a lot to consider as they move through the winding roads of business success. Often times, small business owners are concerned about whether or not their innovation or IP can be lost.
While the number of ideas that are legitimately stolen is relatively low, it isn’t an unheard of scenario considering IP theft in the US tops $250 billion annually. Each year, hundreds of cases regarding patent, copyright or trademark infringement are heard in US courts. With this in mind, many business owners might wonder what they can do to protect themselves, especially when a small business is in a delicate growth phrase. We’ve collected three easy ways to safeguard a small business’ innovation.