ABOUT THIS EPISODE
Entrepreneurship is a rollercoaster. Things go wrong. Sales drop. Stress builds. But you don't have to lose your mind in the process.
In this video, Stephen Key shares 10 practical strategies he's used over 50 years to survive as an inventor, entrepreneur, and product licensing expert—without losing his sanity.
You'll learn:
• Why every product has a life cycle (and how to prepare for it)
• The importance of continuous innovation and multiple income streams
• Why keeping your day job longer is smarter than you think
• How to play the numbers game with your ideas
• Why protecting your creativity is non-negotiable
• How to stay calm when things go wrong
• The mindset shifts that separate survivors from burnouts
Whether you're venturing your own business or licensing ideas to companies, these strategies will help you navigate the inevitable ups and downs of entrepreneurship.
Product licensing is one path that can reduce risk and stress—you create the ideas, companies handle the heavy lifting. Learn more about how to license your ideas at inventRight.com.
**Ready to take your ideas to the next level?**
Visit inventRight.com or contact us:
Phone: +1 (650) 793-1477
Toll Free: +1 (800) 701-7993
Email: stephen@inventright.com, andrew@inventright.com
**Learn more about Gateway:**
If you've created a prototype and need help getting your product in front of the right companies, our Gateway program connects your ideas with over 1,800 companies actively seeking new products. We guarantee your idea gets reviewed by at least 10 companies or your money back.
**Stephen Key's Articles:**
Forbes: https://www.forbes.com/sites/stephenkey/
Inc: https://www.inc.com/author/stephen-key
Entrepreneur: https://www.entrepreneur.com/author/stephen-key
**Connect with Stephen:**
LinkedIn: https://www.linkedin.com/in/stephenmkey/
LinkedIn: https://www.linkedin.com/in/invent/
#Entrepreneurship #ProductLicensing #BusinessStrategy
Chapters
0:00 Introduction: Surviving the Entrepreneurial Rollercoaster
0:25 Strategy 1: Understand Product Lifecycles
1:31 Strategy 2: Keep Innovating
2:18 Strategy 3: Don't Quit Your Day Job Yet
3:08 Strategy 4: Take Freelance Work and Build Relationships
3:57 Strategy 5: Play the Numbers Game with Ideas
4:48 Strategy 6: Diversify Your Income Streams
6:38 Strategy 7: Why Venturing Is High-Risk
8:32 Why Product Licensing Works Better for Some
9:55 Gateway Program: Getting Your Ideas to Companies
11:21 Strategy 8: Stay Frugal and Save Money
12:34 Strategy 9: Protect Your Creativity
13:49 Strategy 10: Don't Panic—Stay Calm and Get Support
15:00 The Right Mindset and Never Burning Bridges
16:38 Final Thoughts: Balance, Perspective, and Resilience
Visit inventRight.com for more info.
Need some help with your idea? Contact us:
Phone: +1 (650) 793-1477
Toll Free: +1 (800) 701-7993
Email: stephen@inventright.com, andrew@inventright.com
LinkedIn: https://www.linkedin.com/in/stephenmkey/, https://www.linkedin.com/in/invent/
Articles:
https://www.forbes.com/sites/stephenkey/
https://www.inc.com/author/stephen-key
https://www.entrepreneur.com/author/stephen-key
In this video, Stephen Key shares 10 practical strategies he's used over 50 years to survive as an inventor, entrepreneur, and product licensing expert—without losing his sanity.
You'll learn:
• Why every product has a life cycle (and how to prepare for it)
• The importance of continuous innovation and multiple income streams
• Why keeping your day job longer is smarter than you think
• How to play the numbers game with your ideas
• Why protecting your creativity is non-negotiable
• How to stay calm when things go wrong
• The mindset shifts that separate survivors from burnouts
Whether you're venturing your own business or licensing ideas to companies, these strategies will help you navigate the inevitable ups and downs of entrepreneurship.
Product licensing is one path that can reduce risk and stress—you create the ideas, companies handle the heavy lifting. Learn more about how to license your ideas at inventRight.com.
**Ready to take your ideas to the next level?**
Visit inventRight.com or contact us:
Phone: +1 (650) 793-1477
Toll Free: +1 (800) 701-7993
Email: stephen@inventright.com, andrew@inventright.com
**Learn more about Gateway:**
If you've created a prototype and need help getting your product in front of the right companies, our Gateway program connects your ideas with over 1,800 companies actively seeking new products. We guarantee your idea gets reviewed by at least 10 companies or your money back.
**Stephen Key's Articles:**
Forbes: https://www.forbes.com/sites/stephenkey/
Inc: https://www.inc.com/author/stephen-key
Entrepreneur: https://www.entrepreneur.com/author/stephen-key
**Connect with Stephen:**
LinkedIn: https://www.linkedin.com/in/stephenmkey/
LinkedIn: https://www.linkedin.com/in/invent/
#Entrepreneurship #ProductLicensing #BusinessStrategy
Chapters
0:00 Introduction: Surviving the Entrepreneurial Rollercoaster
0:25 Strategy 1: Understand Product Lifecycles
1:31 Strategy 2: Keep Innovating
2:18 Strategy 3: Don't Quit Your Day Job Yet
3:08 Strategy 4: Take Freelance Work and Build Relationships
3:57 Strategy 5: Play the Numbers Game with Ideas
4:48 Strategy 6: Diversify Your Income Streams
6:38 Strategy 7: Why Venturing Is High-Risk
8:32 Why Product Licensing Works Better for Some
9:55 Gateway Program: Getting Your Ideas to Companies
11:21 Strategy 8: Stay Frugal and Save Money
12:34 Strategy 9: Protect Your Creativity
13:49 Strategy 10: Don't Panic—Stay Calm and Get Support
15:00 The Right Mindset and Never Burning Bridges
16:38 Final Thoughts: Balance, Perspective, and Resilience
Visit inventRight.com for more info.
Need some help with your idea? Contact us:
Phone: +1 (650) 793-1477
Toll Free: +1 (800) 701-7993
Email: stephen@inventright.com, andrew@inventright.com
LinkedIn: https://www.linkedin.com/in/stephenmkey/, https://www.linkedin.com/in/invent/
Articles:
https://www.forbes.com/sites/stephenkey/
https://www.inc.com/author/stephen-key
https://www.entrepreneur.com/author/stephen-key
English
United States
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