Description

I encourage my listeners to think about the intellectual property assets they are accumulating in their expertise-based services businesses so that they can scale their business to the next level. In this episode of Hourly to Exit, I encourage you to treat your assets like any other inventory through accumulation, tracking, and protection. While the legal definition of inventory envisions tangible objects, in an increasingly digital world, it’s important to expand your understanding of what IP you have created or licensed in your business. In this episode, I discuss:

• The typical stages of an expertise-based business, and the associated IP inventory
• How employees, contractors, and vendors are integral to identifying and developing your IP
• Best practices for taking care of your IP inventory at each stage of development
• BONUS – I review the reasons a non-compete is non-compatible with inventory accumulation

This solo episode is full of useful information and frames IP in a way that helps listeners to capitalize on their hard work. Whatever stage of your business, you have IP to nurture and preserve. If you aren’t sure where to start with this critical work, contact me to consult about developing and protecting your IP.

Resources Mentioned:

• Intellectual Property Inventory

Connect with Erin to learn how to use intellectual property to increase your income and impact. hourlytoexit.com/podcast.

Erin's LinkedIn Page: https://www.linkedin.com/in/erinaustin/

Think Beyond IP YouTube Page: https://www.youtube.com/channel/UCVztXnDYnZ83oIb-EGX9IGA/videos

Music credit: Yes She Can by Tiny Music

A Team Dklutr production