After going to class last week I learned a lot of things such as people can steal ideas and we need to be secure before it happens. There are people who are trustworthy but there are people who can be clever sometimes so it is always sensible to protect your intellectual property. We learned about different methods in class in which we can protect our intellectual property. One method was creating a trademark. So with a trademark, such as a symbol or some kind of name our company will be unique from other companies. For example the apple company has their own logo which makes them stand out and different. So having a symbol of some sort is necessary in order to make the company standout. Also another way to protect your intellectual property is by copyright. Copyright helps an entrepreneur because then nobody can legally change or copy the work you have. So this right is great because then no stranger can copy the same idea and this method helps one protect their intellectual property. Also another way to protect the intellectual property we should have trade secrets. So trade secrets are important because they are the things that your company does to give you a competition advantage that the general public and your competition doesn't know about. So going to lecture helped me realize that you should always protect your idea and if you don't protect it then your in deep trouble and anyone can steal your idea and can become successful. So tip of the day is secure your business and don't let anyone steal your idea.
So after watching this movie we got to see the perspective of two young entrepreneurs that were trying to reach success. We get to see their journey from when they started and how they started which was really fun to watch. This documentary was involved around two friends one named Kaleil Isaza Tuzman and Tom Herman. In the beginning these two fellows were trying to figure out the name of the company. They were arguing about what should they name the company. Kaleil thought maybe govWorks wont work but after giving another thought he said yes and said that govWorks will be a good choice. After that they tried to find investors. They purposed there plan to many investors where some investors were like go to the west coast because they do internet related stuff, but they didn't give up. They found the right investors and went along, but had to face many obstacles but thats how business works. As the documentary was going along, we as viewers saw how from 8 employees the compan...
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