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Don’t Quit Your Day Job

Over the nearly 20 years that I have been inventing and helping inventors I have, unfortunately, seen many more people fail at bringing new products to market then I have seen become successful. It is a very risky business and success is not only dependent on a great idea, but a series of good choices and good timing along the way.

When I was on the Dr. Phil show, the question of the day was whether the invited first time inventors should quit their day jobs or not. It was a difficult program to sit through because these 7 or 8 people had big dreams hanging on his every word, and most of those words were not very kind.

In the end, most of them were encouraged not to quit their day jobs and I have to say that I agree with that assertion for ALL inventors. It is a risky business and one worth taking, but there is a smart way to do it. Like musicians, actors and others in the arts, you have to pay your bills while you are bringing your dreams to market.

So, make the job you will have while you are bringing your product to market a part of your plans. When you see the sales, and know that it is a smart decision, then you can make the transition into your new career as Chief Inventor Extraordinaire.

Happy Inventing!

One Response to “Don’t Quit Your Day Job”

  1. JimD responded:

    How true this is Lisa! I too have been in this business long enough to see people lose just about everything while trying to get their invention off the ground. The key we all know is to not spend more money that you can afford to lose - don’t use your entire 401k or savings if you need that money to live on at some point. I only wish more people would realize that inventing is a serious business and can be devastating financially and emotionally if they don;t go about it correctly…..Jim

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