Nicole Bornales

An essay detailing how alike boys and business are, just like character to an intellectual property; a persuasive piece. Just like a boy, a business has its period of transition. The transition of a boy to a man is his adolescent phase while for a business, before an entrepreneur there would be a start-ups. Adolescence is a critical link between childhood and adulthood, characterized by significant physical, psychological, and social transitions of knowing thyself. While in a business it is when a startup ventures into a market to find, create, and validate scalable tactics and ideas of entrepreneurship. Both transitions carry new risks but also present opportunities to positively influence the immediate and future of the two. A boy who has undergone transition will now be more molded and emphasized by the culmination of all the traits that make up a unique personality, which is in simple terms called character. It is something that makes a mark and helps man stand apart from the rest. It plays an essential role in the development which isn’t only about looking best but also becoming a good being. Indeed, helping one develop a winning edge. Similar to a character, an Intellectual property impacts a startup. A new innovation does not mark the end of a startup's journey. In actuality, the invention might only be the start. Entrepreneurship is necessary to bring an invention to market and enable it to benefit the markets or industries it was intended for. A startup is someone who is prepared to assume financial risks in order to launch a company and set it up for long-term success. When they defend, market, and pitch an idea, they are more equipped to achieve their objectives because they are aware of the value and significance of intellectual property. Making ideas a reality is, in my opinion, the startups' main priority. But in order to handle the business side of creativity, they must adopt an entrepreneurial mindset, gain a grasp of, and be knowledgeable about their intellectual rights. I consider it to be a great asset for any company, bringing in money and assisting with important objectives like differentiation, expansion, and scalability. A business success depends on making sure that goods or services can stand out from rivals. Differentiation is made possible by intellectual property, which makes it impossible for anybody else to steal ideas or profit from them. An entrepreneur can build his own company's growth and expansion off on a portfolio or collection of intellectual property assets. This entails expanding into new areas and altering the focus of the company in an effort to generate more income. It can keep a competitive edge in new areas by utilizing the intellectual property assets. Scalability is the capacity to control a firm as it develops and evolves. Licensing intellectual property can assist achieve the goal of growing streams of income without depleting resources or significantly raising costs. An entrepreneur can increase their revenue without using up more resources if they employ licensing agreements to leverage their intellectual property, allowing other businesses to use or use it in their goods, markets, or industries. Indeed, an Intellectual Property is a gatekeeper of a scalable business model. It consists of inventions, art, and other works of “intellect” that apply to understanding of rights, access to trades and leverating businesses. A business that is run by an entrepreneur with a good intellectual property would in turn have a good standing and competition in the economy.