Protect Your Intellectual Property - And Your Time & Money!
Basics of Business Basics of Business
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 Published On Dec 7, 2023

Intellectual Property (IP) exists in virtually every business.

Unlike the physical things your business owns however IP ‘items’ are often ‘intangible’ and the most recent survey by the UK Office for National Statistics showed that investment in intangible assets was £8.5 BILLION higher than investment in tangible assets in the same period.

The Intellectual Property Office (IPO) also estimates that 70% of a typical company’s worth lies in intangible assets.

But the real value of IP in a business comes only IF it is protected and the IPO’s study also suggests that the value of such assets may not always be visible to business owners and managers.

So in this video we run through:

1. Why all small businesses need to think about how IP applies to them
2. Some common myths about IP, and
3. Why you should be thinking about IP from the very start of your business journey!

Chapters
0:00 Introduction
1:10 Why IP Matters
4:43 Types of IP
5:23 Trademarks
8:58 Common IP Myths

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Finally here are the various useful links mentioned in the video:

👉 Companies House company name availability checker - https://find-and-update.company-infor...
👉 Intellectual Property Office (IPO) search for a trademark service - https://www.gov.uk/search-for-trademark
👉 Intellectual Property Office (IPO) Register a trademark service - https://www.gov.uk/how-to-register-a-...

#startuptips #startupadvice #startupbusiness #startingabusiness #businesstips #smallbusinesstips #smallbusiness #smallbusinessadvice #smallbizowner #intellectualproperty

➡️ The information contained in our videos is provided as general information only. It is not a substitute for professional advice.

➡️ Also check us out at https://lightworkbusiness.com where provide answers to the common business questions small businesses face to enable them to get the legal, financial and administrative basics of running a company - the Basics of Business - right from day 1!

DISCLAIMER: This video may contain affiliate links. Lightwork Business is a trading name of Basics of Business Limited (no. 14755046), a private limited company registered in England and Wales.

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