Successful business owners, managers, entrepreneurs and the like pursue their dreams for a variety of reasons. Some do it for money, some for fame, and some simply out of boredom. What is the one thing they all have in common? They want to create value! At the end of the day, this is the most fundamental practice of thriving businesses. Sure, being an established member of your field is great, but what if you’re still looking for that opportunity to break through to the next level? On the other side, let’s say you’re getting complacent with your current state of affairs, and are ready to take that “great idea” you hatched in your dorm room twenty years ago and make something of it. Patent Rank can help you do this! With the Patent Rank methodology, we take that idea you may have or that patent you may own, measure it’s value, and provide actionable patent intelligence.
Value in its most basic form is defined as “that property or those properties of a thing which render it useful or estimable” (1828.mshaffer.com)1. While value is typically associated with tangible measures, it also applies to intangible intellectual property. Your ideas, your inventions and your services all have on thing in common – they have value! Unfortunately, assessing the value of IP is not a skill readily held by the average consumer. This is where we come in. Here at Patent Rank, we have developed a system that not only creates value; it presents it in an easy to understand way that tells you just how much your idea is worth. In addition to assessing current value, the Patent Rank system also measures the Predicted Lifetime Value (PLV) of your innovation. It is truly amazing how often the worth of PLV measurements are overlooked. Most of the patent valuation and intellectual property firms out there simply churn out a number for you and call it a day. We pride ourselves on taking the process several steps further.
Transmission of documents via telephone wires is possible in principle, but the apparatus required is so expensive that it will never become a practical proposition.
Another primary association with value is money. How much money is my property worth? How much can I sell this patent for? How much can I build the monetary value of my portfolio by? All of these questions are easily answered with a Patent Rank. When we compute any given Patent Rank, the output includes rankings that not only give a comprehensive overview of a given patent, but also provides recommendations on how to proceed in terms of business decision-making. In the end it’s all about making some dough right? Let us help you get that big paycheck so you can start contributing to junior’s college fund.
With all the money set aside and the fame forgotten, at the end of the day, true value lies in the esteem you create for yourself. In a world focused on economic prosperity, technological investment and WAY too much information, the concept of personal satisfaction is often thrown to the wayside. Don’t discount your successes, and most certainly, do not give up on them! Take action and make something of your ideas. Let Patent Rank help you achieve those dreams you’ve always had, one badge at a time.
11828 edition of Webster’s American Dictionary of the English Language. 1828.mshaffer.com, n.d. Web. 23 April 2013.