Six Tips For SMEs On IP

Almost everyone has heard or read that intellectual property (IP) can be of significant value to a business. Whatever form that IP takes, growing a business without an effective IP strategy can lead to major problems later down the line when a business becomes successful enough to be worth copying. If there's nothing stopping a competitor from doing what you're doing, it may not be long before your competitive advantage disappears.

There is nothing more disheartening than seeing years of your hard work, time and money going to waste when a competitor rips off your product or service without having to incur any of the risks or costs that you did.

So what can you do about it?

As an entrepreneur or small business owner, you've undoubtedly heard about the importance of IP and given at least some thought to patents, trade marks, copyright and designs. But did you know the following 6 facts about protecting IP?