Beware of Advice When Pursuing a New Business
A corporate executive recalls seeking counsel from a lawyer accountant and banker to start his own venture. Each warned of risks and legal/financial traps, while his best friend amplified fears. The piece argues risk is inherent and excessive advice can wreck promising ideas.
How to test if your invention has market potential
A urged path from the Commerce Department recommends early professional advice and careful record keeping. Get a dated drawing or description witnessed, conduct a patent search, and engage a patent practitioner to prepare and file an application with fees. Maintain close contact with progress and developments to protect value.
MENTIONED IN THIS ARTICLE
Commerce Department
Patent Office
Washington
U.S
Drive-in restaurant tests fully automated, film view seating
Description of a Denver designed fully automated drive-in by Weyerhaeuser and Machow Associates featuring car kiosks with vending machines and in-car film screenings. The design uses a universal hinged panel system Panel 15 for cost effective construction and a striking visual block structure.
MENTIONED IN THIS ARTICLE
Denver
Weyerhaeuser Company
W. C. Machow Associates
Ana Coastol
Weyerhaeuser
Forest Products
Machow
Iar
Chinese Hanoi visit ends amid Soviet arrival tension
Communist Chinese Premier Chou En Lai aides paid respects to Ho Chi Minh in Hanoi and left abruptly to avoid contact with incoming Soviet officials. Premier Pham Van Dong and Defense Minister Vo Nguyen Giap saw the delegation off at the airport.
MENTIONED IN THIS ARTICLE
Tokyo
Chou En Lai Opi
Ho Chi Minh
Hanoi
Commounist
Pham van Dong
Vo Nguyen Giap
Mutual Funds See Major Hike Signal From NYSE Trial Balloon
NYSE president Robert W Haack hinted commissions on small stock trades may rise beyond expectations. SEC studying the idea while mutual funds stand to gain by attracting small investors. Funds already collect up to 4 percent on purchases with limited sales charges. A reform bill seeks to cut fund charges to 5 percent under SEC oversight.
MENTIONED IN THIS ARTICLE
William A. Loylet
New York
Robert W. Haack
NYSE
Haack
SEC
Congress
Senate
House
National Association of Securities Dealers
Also Mentioned on This Page
By E. A
Bill) Butler
Joyce Lain
U.S. Department of Commerce
Commissioner of Patents
Black
EL Paso
Tex
UPI
D. W. Suttle
South Vietnam
C. A. Branum
New Mexico
University of Texas At el Paso
Sacramento
Calif
Vietnam
China
New Space Toy
Teri
Martin Snyder
Remco Industries
America