offers many good tips for inventors who want to go into business,
There are good resources and advice is from her own experience and those she's worked with,
A must read for anyone thinking about starting a business with their inventions, I felt like this book was only made for American inventors especially for the ones with a unique product, not just entrepreneurs in general, I wished it could be more extensive, So I felt like I wasnt the targeted audience, However, I liked some of its aspects: the storytelling, some of the obstacles that Lori had to face, and some of the solutions she came up with.
Some of my favorite quotes from the book :
“When you run into trouble and need to rally the troops, dont pressure people by focusing on the consequences of failure but, rather, on what you could all gain with success.
”
“The power of persuasion lies in making people understand the big picture, ” 'Member Lori Greiner from Shark Tank Oh oh yeah, I 'membeeeerr! And 'member her great book Yeah I 'member it shows you exactly how to go from idea to product to market to big wallet!
"Inventors and entrepreneurs constitute a special club, a collection of creative spirits and mavericks who simply can't or won't conform to the established boundaries and limitations of the traditional workplace.
" Lori Greiner.
If the word "inventor" conjures in your head images of a slightly forgetful but brilliant and reclusive eccentric with an unfashionable social sense and a sartorial flair bordering on antisocial someone like Belle's father, Maurice, from Beauty and the Beast then be prepared to meet inventor, entrepreneur, investor, and TV personality Lori Greiner, developer of more thanproducts, holder of more thanpatents, and the woman who will repaper your mental "inventor" gallery with visions of a smart, savvy, wellgroomed and wellspoken gregarious leader who not only worked her way to the top, but wants to give the rest of us a hand up in getting there, too.
To that end, Ms. Greiner has written a highly engaging entrepreneurial guide: Invent It, Sell It, Bank It! Make Your MillionDollar Idea into a Reality, which teaches the reader how to experience the "thrill to hold in your hands something you dreamed up in your head.
"
If there were a branch of Scouting called the Inventor Scouts, this would be their official handbook,
Watching Ms. Greiner vetting the hopeful inventors with the other sharks on the wildly popular television show, "Shark Tank," it is hard to believe that she was not always sitting in that seat, but she describes starting at the bottomyears ago and climbing her ladder to success.
Throughout the book, she uses the progress of her own first invention, a unique earring organizer, to illustrate many of the points she makes throughout the book, taking the reader stepbystep through the process from coming up with a great idea all the way through expanding the business.
Written in an engaging and freeflowing style, this highly informative book is set up as a chronological guide through the steps to entrepreneurial success, but it also contains plenty of examples and reallife cases to illustrate the steps and keep the information accessible and enjoyable for the average reader who wants to learn how to succeed in business, but has not been to business school.
The book is structured so that concepts are introduced and discussed, and then followed up at the end of chapters with helpful checklists and todo lists that readers can refer back to as they are pursuing their goals without having to get bogged down in too many unnecessary details.
Ms. Greiner advocates educating yourself so that you can be actively involved in every facet of your business, from manufacturing to patent law to marketing, and she gives a useful introduction to each of these topics over the course of the main chapters, sprinkled with motivational quotations and valuable tips.
Also, if you want to read more about the case studies in the book, a complete listing is found in the endnotes,
What can you expect to learn At the very least, you will come away knowing
the six essential characteristics of successful inventors, along with the one important thing that all inventors need, and several surprising things they don't.
You will learn to subject each of your ideas to Ms, Greiner's ninequestion litmus test to determine whether or not it's a winner and you can refer to her comprehensive "hero or zero" checklist for a shorthand version.
With Ms. Greiner's help, you will discover the importance of prototypes and market research, and the keys to getting useful i, e. , accurate feedback. You can learn how to navigate the tricky waters of pricing with ease, and write a business plan so that you can be wellprepared to answer questions from potential investors.
And about those investors where do they come from Is crowdfunding like Kickstarter and indiegogo the best way to go Ms, Greiner tells how and where to go about getting funding and how to build a perfect pitch,
Once you've gotten the go ahead, you'll also need to know the benefits of and steps to obtaining a patent and trademarking, as well as best strategies for manufacturing, including packaging and quality control, and how to follow up and continue to find the way to move your business forward, including conducting successful sales on television and through other nontraditional selling venues, harnessing social media to boost your marketing power so that your business will continue to expand and grow.
A few of the warmest takeaways from her book are that inventors should use their own lives and surroundings for inspiration, have fun, be respectful, STAY POSITIVE, and take the time to invest in people.
I can appreciate a leader who walks the walk: Ms, Greiner has taken the time to write a book in order to help others achieve their dreams and with any luck, the book will be wildly successful, proving her point that success can come with valuing people.
I received my copy of this book through Goodreads First Reads,
This is the best book I have read if you have an invention or product or idea you that want to make money, So many details and help, Great job Lori! FROM MY FAVORITE SHARK TANK PERSONALITY THIS BOOK IS PERFECT FOR THOSE THAT ARE TRYING TO MAKE A GO OF IT BY STARTING THEIR OWN COMPANY OR TAKING THEIR NEW INVENTION OR PRODUCT TO MARKET.
VERY PRACTICAL ADVICE. I JUST WISHED THERE WOULD HAVE BEEN A FEW MORE PERSONAL STORIES THOUGH SHE HAD SOME OF WHAT IT TOOK FOR HER TO BECOME SO SUCCESSFUL.
Love love love this book! I felt like I was apart of Loris journey! She is truly one of my idols, This book is very informative and it motivates me to build my own career and stop at nothing to follow my dreams! Differently a howto guide for an American trying to sell a product they made.
Very niche and I was expecting more overall business sense, Started with her life
then how to copy it, I enjoyed it but was a bibliography followed by a how to guide that I didnt need, NATIONAL BESTSELLER From one of the of ABC's Shark Tank and QVC's Clever amp Unique Creations by Lori Greiner comes a handson, nutsandbolts guide to getting a new product or company off the ground and making it a success.
Turn your idea into a reality,
Become your own boss,
Make your first million,
Achieve financial freedom,
Lori Greiner shows you how,
Invent It, Sell It, Bank It! is a handson, nutsandbolts guide to getting a new product or company off the ground and making it profitable.
Sharing her own secret formula and personal stories along the way, Lori provides vital information and advice on topics that can often intimidate, frustrate, and stump aspiring entrepreneurs.
Offering behindthescenes insights into her experiences on ABC's Shark Tank and QVCTV's Clever amp Unique Creations by Lori Greiner, as well as valuable lessons learned from the mistakes and triumphs of her early career, Lori proves that, with hard work and the right idea, anyone can turn themselves into the next overnight success.
Lori covers such topic as, . .
Market research: Is your idea a hero or a zero Don't be so fixated on the end result that you forget to make something that people actually want to buy.
Product design: I have an idea, now what's next From concept to prototype to final product: How do I make it and where do I start
Funding: Although loans, investments, and crowdsourcing are great ways to access cash, first tap into your own resources as wisely as possible.
Manufacturing: Seeing your final product roll off the assembly line is a magical moment, but there are things to watch out for so you get there in a costeffective way.
Protecting your idea: To patent or not to patent, and other things you can do to safeguard your idea,
The secrets to selling successfully: You got the product made, now learn how to get people to buy it!,