You need to take into account a number of things when building a successful startup, but none as important as intellectual property (IP). While the word is often thrown around and most entrepreneurs know about it by now, it still creates a lot of trouble for startups. While big companies are spending millions to protect their IP, startups can forget to look into the matter altogether or make silly mistakes.
Getting IP done right could be the difference between building a successful business and going bust.
Don’t try to save money by doing it all yourself either. A DIY approach to IP can sometimes end up in a disaster no matter how much you’ve tried. Just start planning early and ask for help from seasoned professionals.