Like anything else, to improve your odds of success at licensing a product idea, you need to be able to play the game longer and smarter.
The longer you’re in the game, the better chances you have of reaching your goal.
Take it from me. I’m not a gambler. In fact, I consider myself a no-risk entrepreneur. Early on in my career, I realized that I needed to find a way of increasing my chances of success at bringing my ideas for products to market.
Related: 3 Takeaways From Lori Greiner’s Invent It, Sell It, Bank It.
I flat out did not want to work for anyone else. I was newly married, and my wife was obviously not going put up with me struggling to make a living.
Truth be told, I’ve only ever really worked for one company.