# Don’t Miss This Step in the Inventing Process Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-05-02 Category: BUSINESS Category URL: https://financedigest.com/category/business Meta Title: Top Tools for Small Business Productivity Meta Description: Stay on top of everything while managing your time and efforts effectively. LOCIsearch helps protect your business ideas and streamline your workflow. URL: https://financedigest.com/dont-miss-this-step-in-the-inventing-processhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd020518-18-1736842779189-compressed.jpg) One of the biggest challenges entrepreneurs face is staying on top of everything. Your time is limited yet you have to be productive while responding to emails, ensuring your website works perfectly, organizing projects, networking, researching, and managing social media. Being an entrepreneur takes a special kind of drive, passion, and hustle. Stepping out of your comfort zone and trusting in your vision, knowing there is no guarantee it will come to fruition is a scary path to travel. By nature, the path is unstable and is bound to go through multiple, unpredictable shifts. Not to mention the [investment aspect of both time and money](https://www.financedigest.com/8-best-passive-investing-ideas-which-can-help-you-make-money-in-2022.html "8 Best Passive Investing Ideas Which Can Help You Make Money In 2022"). So it makes sense that entrepreneurs are on a constant search for strategies and tools that will help them manage their time and efforts, and maximize their productivity, with the goal being to become successful and profitable. Instinctively, entrepreneurs utilize basic tools such as digital planners designed to map out a [business strategy](https://www.financedigest.com/albumin-market-in-depth-analysis-business-strategies-and-growth-rate.html "Albumin Market In-depth Analysis, Business Strategies, and Growth Rate"), set growth goals and organize business operations, and various software for project, email, accounting, and social media management. Software such as Slack, PandaDoc, Hootsuite, Trello, Asana, Expensify, Mailchimp, and Due are all designed to help entrepreneurs [save some time with day-to-day tasks so they can start enjoying the benefits of automation](https://www.financedigest.com/automated-cyber-risk-quantification-saving-the-insurance-industry.html "Automated Cyber Risk Quantification: Saving the Insurance Industry"), and extra free time for focusing on what matters most. These resources provide solutions by helping to build and support the framework of a [small business](https://www.financedigest.com/the-small-businesss-guide-to-getting-started-in-digital-advertising.html "The Small Business’s Guide to Getting Started in Digital Advertising"), but what about protecting the ideas that you have worked so hard to develop – the ideas that will eventually help your business succeed and prosper. There is always the possibility that after all the [hard work](https://www.financedigest.com/how-does-hard-money-lending-work.html "How Does Hard Money Lending Work?"), the late nights, the countless meetings, and investments, someone else will swoop in, steal your idea, and take all the credit. The current patent research process [costs time and money](https://www.financedigest.com/netflixs-gaming-foray-will-cost-time-and-money-wall-st.html "Netflix’s gaming foray will cost time and money – Wall St") that the average entrepreneur simply has very little of. Before applying for a [patent to the United States Patent and Trademark Office](https://www.financedigest.com/verasitys-proof-of-view-passes-examination-by-chinese-patent-office.html "Verasity’s Proof of View Passes Examination by Chinese Patent Office"), the applicant must go through every related patent and ensure that their idea is indeed unique. If they fail to do their [due diligence](https://www.financedigest.com/a-digital-first-world-means-investors-should-look-to-digital-due-diligence-first-too.html "A digital-first world means Investors should look to digital due diligence first too"), and their idea is too similar to an existing patent, their application is denied. To complete this research process, the entrepreneur either has to sift through possibly thousands of patents, analyzing designs and materials used to ensure that their idea is unique, or, they [pay a lawyer thousands](https://www.financedigest.com/thousands-of-british-postal-workers-walk-out-over-pay.html "Thousands of British postal workers walk out over pay") of dollars to do the work for them. Neither of these options are enticing to a bootstrapped startup. Imagine [spending countless hours researching](https://www.financedigest.com/gamers-spend-twice-as-long-viewing-intrinsic-in-game-ads-compared-to-other-digital-channels-reveals-new-research-from-lumen-and-anzu.html "Gamers Spend Twice As Long Viewing Intrinsic In-Game Ads Compared To Other Digital Channels, Reveals New Research From Lumen and Anzu") your idea and submitting your application, only to realize you have missed a similar patent, resulting in being denied and having to either restart the process or amend your idea. Entrepreneurs do not have the [luxury of losing](https://www.financedigest.com/london-fears-losing-luxury-shoppers-to-paris-and-milan.html "London fears losing luxury shoppers to Paris and Milan") valuable time and expending energy when the result is counterproductive to their vision. Most startups are a one, maybe two person enterprise that requires efficient time [management and a savviness for identifying and utilizing resources that help them work](https://www.financedigest.com/new-research-suggests-over-13-million-brits-were-inadequately-managed-while-working-remotely.html "NEW RESEARCH SUGGESTS OVER 13 MILLION BRITS WERE INADEQUATELY MANAGED WHILE WORKING REMOTELY*") smarter, not harder. LOCIsearch, a DIY [research platform powered](https://www.financedigest.com/recent-research-high-power-industrial-burners-market-to-witness-steady-growth-at-4-1-cagr-by-2021-to-2031-persistence-market-research.html "Recent Research: High Power Industrial Burners Market To Witness Steady Growth At 4.1% CAGR By 2021 to 2031: Persistence Market Research") by Loci, provides an easy-to-use, cost-effective, and streamlined alternative to traditional methods of patent research. The platform allows budding entrepreneurs to search the patent database using keywords. Search results are displayed in a Venn diagram, providing a [clear analysis](https://www.financedigest.com/analysis-frankfurt-stirs-up-euro-clearing-battle-with-london.html "Analysis-Frankfurt ‘STIRs’ up euro clearing battle with London") of the patent landscape. LOCIsearch grants the user a better understanding of saturated [markets as well](https://www.financedigest.com/corporate-wellness-market-insights-by-leading-companies-and-emerging-growth-till-2026.html "Corporate Wellness Market Insights by Leading Companies and Emerging Growth Till 2026") as identifies where there is room for improvement. At a fraction of the price of hiring a patent lawyer, LOCIsearch is an ideal solution for entrepreneurs looking to do their own [intellectual property](https://www.financedigest.com/white-bullet-releases-ad-funded-piracy-report-for-world-intellectual-property-organisation-wipo.html "White Bullet releases Ad Funded Piracy Report for World Intellectual Property Organisation (WIPO)") rights research. LOCIsearch runs on a subscription basis and is available for purchase using a credit card or their native token, LOCIcoin. Built on blockchain technology, LOCIsearch enables the user the to [stake claims](https://www.financedigest.com/back-in-barcelona-telecoms-bosses-stake-claim-to-digital-future.html "Back in Barcelona, telecoms bosses stake claim to digital future") on their unique ideas. Staking a claim gives the user a 12 month grace period to [officially file for a patent with the United States](https://www.financedigest.com/u-s-state-officials-urge-support-for-landmark-26-billion-opioid-settlement.html "U.S. state officials urge support for landmark billion opioid settlement") Patent and Trademark Office. LOCIsearch provides verifiable proof on the immutable ledger regarding the creator of an original idea. This protects entrepreneurs and inventors’ intellectual property and ensures that they receive the credit for their [next big](https://www.financedigest.com/is-the-next-big-cyber-threat-mis-placed-security-spending.html "Is the next big cyber threat mis-placed security spending?") idea. Another perk? Say you [don’t want to necessarily](https://www.financedigest.com/spiralling-azure-costs-dont-necessarily-mean-your-cloud-strategy-is-off-course.html "Spiralling Azure costs don’t necessarily mean your cloud strategy is off course") develop your idea, you just want to claim intellectual property rights to it. That’s fine. Users can participate in IP pools [made up of several related patents that are available](https://www.financedigest.com/lyme-disease-treatment-market-forecast-to-2031-made-available-by-top-research-firm.html "Lyme Disease Treatment Market Forecast to 2031 Made Available by Top Research Firm") for purchase by large corporations. Corporations buy up IP pools from entrepreneurs to broaden their reach and have free reign over their [development process](https://www.financedigest.com/crowdsourcing-of-data-to-drive-the-high-throughput-process-development-market.html "Crowdsourcing of data to drive the High Throughput Process Development Market"). When an IP pool gets bought, every inventor within that pool gets a nice payout. It can potentially pay to take the steps necessary to protect your IP rights. LOCIsearch is the perfect tool for entrepreneurs to protect their ideas with the assurance that there is adequate time to research and fine-tune. Any tool that helps increase productivity makes sense to every entrepreneur. The end goal for an entrepreneur is to utilize tools that will help them save time, experience growth, and ultimately validate the financial risk they have taken by [seeing profitability](https://www.financedigest.com/jd-sports-sees-bills-free-young-shoppers-boosting-profits.html "JD Sports sees bills-free young shoppers boosting profits"). LOCIsearch is not designed to guarantee that success but it is designed to provide entrepreneurs with a resource to protect their [ideas and business](https://www.financedigest.com/top-4-blockchain-business-ideas-for-2022.html "Top 4 Blockchain Business Ideas for 2022") from imitators, making sure that their hustle doesn’t go to waste. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---