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Intellectual Property: Why Intellectual Property (IP) Matters and How Do I Protect It?

Take a moment and learn about the steps about how you can protect your IP. As a small business owner have you take the steps to protect your IP? What are the steps that you will take today to put a IP plan in place?

FixLearning consultants offer support in helping small businesses derive their IP plans. Contact us to set up a needs assessment meeting.


Intellectual property rights are a valuable asset for any small business owner. They can be used to protect your business and its assets, including:


Your ideas. If someone steals your idea, they will have an unfair advantage over you in the marketplace.

Your creations. If someone copies one of your products or services, it could damage your reputation and make consumers less likely to buy from you in the future, or even worse, they may decide not to buy at all!

Reputation is one of the most important things for any business; if someone thinks poorly of your company because they believe that it's trying to steal from others or sell inferior products or services made by another company (even though this isn't true), then sales could drop dramatically as a result!

Small business owners in any industry can have intellectual property that needs protecting. Learn how to identify IP and ensure that it’s protected.

Businesses create intellectual property (IP) whenever they establish a proprietary process, product, logo, literary work, or other original creation. If your business has IP, there are certain legal protections you can and should put in place to safeguard it from imitation or misuse.

There are various types of IP, including:

  • Patents: Patents can protect a company’s method or process for up to 20 years if the creation is deemed useful and novel.

  • Trademarks: Trademarks protect brands — including their logos, taglines, and even company names — from imitation. To trademark a business in the United States and obtain commercial rights, you just need to be the first to use it. However, through the United States Patent Trademark Office (USPTO), you can register your trademark for stronger protection.

  • Copyrights: Copyrights don’t require you to file anything; instead, it begins at the moment something is created. However, federally registering your copyrighted work allows for your business to have a stronger case of ownership, should infringement occur.

  • Trade secrets: Businesses that have commercially valuable information that must remain confidential can help ensure this happens through nondisclosure agreements (NDAs) and by limiting the number of people who have access to the information.

To determine what IP assets your business has, the USPTO released an IP Identifier tool that identifies IP using questions and real-life examples and offers protection solutions.



44 views9 comments

9 Comments


jspates70
6 days ago

Intellectual Property is your most precious resource. Without protection, your innovations can be stolen, leaving you with nothing. But by understanding the importance of IP and proactively safeguarding your creations, you'll maintain a competitive edge, attract investment, and build a valuable business. Don't let others profit from your hard work – shield your ideas with the powerful tools of IP protection.

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akohmartins47
Jun 24

Your intellectual property is more than just an idea – it’s a valuable business asset that can attract investors and open up new opportunities. By securing patents, trademarks, and copyrights, you’re building a strong IP portfolio that enhances your company’s valuation. This can be a key factor in securing funding, negotiating partnerships, and even planning for a successful exit strategy.

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chector6
Jun 25
Replying to

Your comment is on point‼️ Thank you for reaffirming the importance of taking this crucial step as a business owner!

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Taiwo Bright
Taiwo Bright
Jun 24

Ensure that you have a procedure in place to assess and account for your IP, from trade marks, copyrights and designs, to patents and domain names. Having systems and processes in place helped with securing the credibility of my business.

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Smith Bryan
Smith Bryan
Jun 24

Protecting your intellectual property is a means to secure an economic advantage for your business and make sure you can define your unique ideas, product and services.

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Alicia Alexander
Alicia Alexander
Jun 16

Very valuable information. It is disheartening for you to bring your dreams and visions to light, be intentional about doing the work and someone derail you and benefits from it.

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chector6
Jun 17
Replying to

It is. Unfortunately, too many small business owners are not aware of the importance of protecting themselves and their brand and in the blink of an eye all of their hard work is stolen by a copy cat and they are left in a mess with lawyers and mountain of bills, trying to fight for what is rightfully theirs. Protect your IP!!💪🏾

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