Posted on August 17, 2023
Hi everybody, I’m J.D. Houvener, your host of the Bold Today Show, where you, the inventor, entrepreneur, or business owner, get your daily inspiration so that you can go make the world a better place.
We’re in our trade secret week. Yesterday and the couple of days before, we’ve been talking about trade secrets and what the differences are between that and patents, how to be proactive and prevent misappropriation from occurring within your own company, making sure you keep those secrets viable and active to benefit you in competition, so you can keep that edge and learn how to continue to keep that market-readiness and that market share that you’ve enjoyed for these years.
What I want to talk about here today is the ability for you to start generating even more assurance about your trade secret information, which means documenting in policies and procedures, and beginning to bring on board systems and tools to help you manage this set of trade secrets that you’ve identified. On Tuesday, for example, we talked about how to start identifying and labeling those trade secret documents so that you can go after and take down a misappropriation later, as we talked about just yesterday.
So today we’re going to talk about, okay, once you’ve got all these trade secrets identified, okay, great, but how do you start managing them, and leveraging your time to make sure that what you’re doing is going to be productive? And, let’s not forget, profitable. We can’t work on everything all the time in a business, and so what these systems and policies can do is help you to identify what trade secret information needs to be moved forward and analyzed and processed to the next level, in terms of whether you’d want to start moving that into the next product line. Or, on the other hand, maybe it’s something that you want to keep on the back burner because it isn’t necessarily lined up with where your company’s vision is, three, five, or ten years down the road.
Managing trade secrets, putting together policies and structure, is an even better way to help emphasize the value of trade secrets, and by the way, it’s also a nice bonus to be able to help you demonstrate infringement or misappropriation of your trade secret later.
If this is of any interest to you and you think you know someone out there that might be interested as well, I ask you to please pay it forward, and send this email to them, to see if they might be able to gain from this daily video that Bold Patents produces, that I like to share with them. It’d be such an honor if you’d do that for me.
I’m your host, J.D. Houvener, of the Bold Today Show. Thanks again for tuning in. Go big. Go bold.
