The $100 MBA Show MBA2243 Guest Teacher – Stephen Key – How to Bring an Idea to Market Without Starting a Business.
You have a great idea for a product.
But you don’t have the time, resources, or know-how to bring it to life.
No problem.
Today’s guest teacher, Stephen Key, knows all there is to know about “open innovation” — allowing other companies to license your idea and bring it to market. They take the risk. They do the work. You reap the benefits. It’s a win-win!
Of course, you have to do some legwork first.
In this episode, Stephen will walk you through the process of securing the rights to your idea, and shopping it around to the right kinds of companies. We always preach that execution is just as important as ideas. But with open innovation, you can outsource the execution in just a few steps.
If you’re busy with another business, or simply don’t have the option of bringing your idea to market, this might be the best alternative. There’s one way to find out: learn how the process works, and see if your big idea is a good fit. Click Play!
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