Hi I’m JD Houvener and welcome to the bold today’s show were you the entrepreneur business owner or inventor get your daily inspiration on how to make the world a better place all right we’re doing a three-part session a three-part challenge for you in the next three days we’re gonna go over business planning this first step is pretty straightforward but listen up if you already have a business plan you need to think about where you’re gonna be in the next five years and if you don’t have a business plan yet you need to get one together and if you’re in a Jo B you’re in a job you need to put a plan together to first see what it takes what its gonna take to get you out the door this first step of the process and your first challenge is to do a simple thing describe clearly what it is you’re gonna sell and who is gonna buy it report back tomorrow for more all right and taking that first bold step right and putting a business plan together does take a lot it’s probably more psychological than it is physical right what does it take picking up a pen grind down on you know what your product is what you’re gonna sell what your service is and who’s gonna buy it right making that move in that decision to put a plan in place and get the wheels in motion is a big deal it reminds me of the first step in the patent process and I want to make sure to everyone here and you all you listeners understand that we’re in the u.s. filing system and we just had a big change after the American Invents Act that we’re now in a first-to-file system as opposed to first-to-invent gonna give you a brief breakdown on what that means before 2013 what it meant to get to have a first in line to have priority preference is if you could prove that you truly invented the product or system first you could get the patent and after 2013 it actually doesn’t matter who invented it first it’s actually the first person to get in line and file their patent with the pads the USPTO so today make it make it a real effort to think about people that you might know are you gonna be venturing this business on your own likely not you know you think about all those big companies that have made it big they didn’t do it by themselves and see if you’ve got a potential business partner I want you to give them a call or send this podcast to them make sure they understand how serious you are about making that first bold step in writing your plan if it’s maybe if you don’t have someone else you’re going to talk to yet how about a mentor or someone who’s written a plan before passin what they put down and see how they described their product and services and who they’re gonna be serving so again thanks for listening and being a part of the bold today’s show I’m your host JD Houvener be bold today
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