Andrei Mincov: How To Protect Your Intellectual Property And Build A Successful Business
Chatting With Champions Podcast Interview #65. Tyler Basu and Andrei Mincov “How To Protect Your Intellectual Property And Build A Successful Business”
Andrei Mincov has been an intellectual property lawyer for almost 20 years. His first venture into IP was when he represented his father, a well-known Russian composer against a radio station that used his music in a Samsung advertisement without his permission. He has since helped hundreds of clients ranging from individual authors, entrepreneurs and startups, to celebrities like J.K. Rowling and corporate giants like Apple, Microsoft, Sony, Ford, and Dreamworks.
In 2011, Andrei founded Mincov Law Corporation, a business law firm for clients who value intellectual property as a legal tool for protecting ideas and creativity. In 2013, he launched the Trademark Factory®, a service that is revolutionizing the way business owners register their trademarks in Canada and the U.S. He is also the author of the #1 Amazon bestselling book The Ultimate Insider’s Guide to Intellectual Property.
Visit Andrei’s website: www.trademarkfactory.ca
Topics discussed in this interview:
- Andrei’s background prior to practicing law
- Why he decided to start his own law firm
- An overview of his current business
- Challenges entrepreneurs face and how to overcome them
- Definition of intellectual property
- Steps entrepreneurs should take to protect their IP
- Example of what can happen if you don’t protect their intellectual property
- When to obtain trademarks and when to patent
- How to attract and retain clients
- Qualities that separate successful entrepreneurs from unsuccessful ones
- Maintaining balance between business and family
- Andrei’s definition of success
- Advice for aspiring entrepreneurs
** FREE GIFT **
The first 50 podcast listeners who request a free trademark search from Andrei will get a free copy of
The Ultimate Insider’s Guide to Trademarks
- Rich Dad Poor Dad by Robert Kiyosaki
- The E-Myth Revisited by Michael E. Gerber
- Built To Sell by John Warrillow
- Marketing Outrageously by John Spoelstra
- Never look at your business from the perspective of today. Always look at it from the perspective of where it can be if everything goes as planned. What if your business suddenly does become successful?
- Never look at where you are now, look at where you may be if you’re successful. It’s like riding a bike. You can’t ride a bike by looking only at your feet on the pedals – you’re going to fall. The only way to ride a bike is to look forward at where you want to go.
- Without your message, there’s really nothing that people can remember about you other than your name. But why would they remember your name if they can’t remember why you’re different from everybody else?
- Once you have a message, the other side of that is how can people remember you – which is your branding. It’s two side of the same coin.
- One thing that differentiates successful business owners from those who aren’t there yet is an ability to make decisions quickly. They don’t procrastinate. They do or they don’t.
- It’s much better to make a wrong decision quickly and pivot than to sit on an idea for years and years waiting until everything gets perfect because it never does.
- Build your business around your personal life, as opposed to the other way around.
- Success is accomplishing new things all the time. Happiness is an accomplishment.
- Have courage. It’s a lot more fun when you’re there as opposed to when you’re surrounded by fears of how will it be there.