Technology Solutions & Practices Shared Interest Group

🚀 Top-10 Publication of 2023 Alert! 🚀

We’re thrilled to spotlight a standout piece by Dana Riess, CMA, CFM, CSCP, CPIM, in our top-10 articles of 2023! 🌟 Dana’s in-depth analysis in her article "Small Business vs. IP Trolls" is a must-read for anyone navigating the complex world of intellectual property.

Protecting Your Small Business from IP Trolls: What You Need to Know 🛡️💡

Intellectual Property (IP)—which includes trademarks, patents, and copyrights—refers to creations of the mind such as inventions, designs, and brand identifiers. IP trolls can be a significant threat to small businesses, impacting both innovation and the bottom line. As the digital landscape evolves, it's crucial for businesses to understand how to safeguard their intellectual property from opportunistic entities. Here’s a sneak peek into how these trolls operate and what you can do to protect your business:

🔍 What the heck are IP Trolls?

• IP trolls acquire trademarks or patents not to use them but to profit from licensing or litigation.
• They exploit loopholes in IP laws to impose costly legal battles on small businesses.

💼 Pay attention-->

• Small businesses are often targeted because they lack the resources to fight lengthy legal disputes.
• The rising trend of IP trolling can stifle innovation and increase operational costs.

🌍 Fight Trolls-->

• Consider global IP protection, especially in first-to-file countries.
• Monitor and research IP rights to avoid infringement and potential trolling.

Curious about more strategies to protect your business? Dive into the full article for a detailed guide on defending against IP trolls and ensuring your innovations remain secure. Read more 📚✨

👉 Small Business vs. IP Trolls | IMA (sfmagazine.com) 

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Ilya Ilienko, dual MBA, CPA, CMA
Board Member / Director
East Coast - United States
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Excellent article by Dana Riess, very instructive advice.  Thanks for sharing this on the platform, Ilya. 

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Michael DePrisco
Executive Officer
West Chester PA
United States
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Original Message:
Sent: 08-22-2024 03:45 PM
From: Ilya Ilienko
Subject: Small Business vs. IP Trolls By: Dana Riess, CMA, CFM, CSCP, CPIM (Dec. 2023) TOP 10 Strategic Finance

🚀 Top-10 Publication of 2023 Alert! 🚀

We're thrilled to spotlight a standout piece by Dana Riess, CMA, CFM, CSCP, CPIM, in our top-10 articles of 2023! 🌟 Dana's in-depth analysis in her article "Small Business vs. IP Trolls" is a must-read for anyone navigating the complex world of intellectual property.

Protecting Your Small Business from IP Trolls: What You Need to Know 🛡️💡

Intellectual Property (IP)-which includes trademarks, patents, and copyrights-refers to creations of the mind such as inventions, designs, and brand identifiers. IP trolls can be a significant threat to small businesses, impacting both innovation and the bottom line. As the digital landscape evolves, it's crucial for businesses to understand how to safeguard their intellectual property from opportunistic entities. Here's a sneak peek into how these trolls operate and what you can do to protect your business:

🔍 What the heck are IP Trolls?

• IP trolls acquire trademarks or patents not to use them but to profit from licensing or litigation.
• They exploit loopholes in IP laws to impose costly legal battles on small businesses.

💼 Pay attention-->

• Small businesses are often targeted because they lack the resources to fight lengthy legal disputes.
• The rising trend of IP trolling can stifle innovation and increase operational costs.

🌍 Fight Trolls-->

• Consider global IP protection, especially in first-to-file countries.
• Monitor and research IP rights to avoid infringement and potential trolling.

Curious about more strategies to protect your business? Dive into the full article for a detailed guide on defending against IP trolls and ensuring your innovations remain secure. Read more 📚✨

👉 Small Business vs. IP Trolls | IMA (sfmagazine.com) 

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Ilya Ilienko, dual MBA, CPA, CMA
Board Member / Director
East Coast - United States
------------------------------

Hey @Michael DePrisco, I can't agree more!!! —> @DanaRiess really Knocked it out with this article! 🎯

Speaking of IP issues -----++++++------->   did you know that @Apple and @Samsung were duking it out in a massive lawsuit over patents, which resulted in a settlement of over $500 million? That's a $.5B!!! 😮 That’s the kind of financial hit that can shake even the biggest players, just imagine small businesses.

It really highlights how important it is to sometimes know what you dont know.

What about the rest of you? Have you guys even known about #IP ? What it is?

Have any of your businesses faced IP challenges, or have you seen strategies to fight off these trolls? Let’s hear it ! 💬🔍

Haaa! I just had a thought, #ai can probably be very effective at certain things against fighting #IP, thoughts? For example, intuitively searching products on the net for sale, looking for infringements, so on . . . !?

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Ilya Ilienko, dual MBA, CPA, CMA
Board Member / Director
East Coast - United States
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