Assemble basic information about an invention or new product idea to build a foundation of relevant facts and information. You probably already know the invention's name, what problem it solves and who might use it. You'll also want to discover the size of the potential market, possible packaging requirements and trends in the industry. Don't forget to project cost estimates for manufacturing, wholesale and retail.
Children’s natural instinct to brainstorm and create should be nurtured by parents and teachers alike. Coming up with new product ideas and inventions is a great way to instill a love of science, math, marketing and the entrepreneurial spirit. It also teaches cooperation and instill tremendous conf