To Patent or Not to Patent?

Everything you need to know about protecting your invention

When it comes to inventing, the very first thing you need to do is protect your idea before anyone can steal it, right? Well, if you base your decision on TV commercials or the many invention websites out there touting patent services, the answer is a resounding "Yes!"

However, if you base your decision on a little business sense–and the fact that your idea is an opportunity, not just an invention–then the answer is more likely, "No–but maybe later."

The simple fact is, a patent is a valuable tool–but it’s hardly your number-one ticket to success. And before you invest thousands of dollars in securing a patent, there are steps you should take to ensure that it’s a smart business move. After all, only 2 to 3 percent of all patented products ever make it to market.

By Tamara Monosoff

Full Story: http://www.entrepreneur.com/article/0,4621,323583,00.html