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Real-Life Decision Making -- Solution

You put the simple hair clip into production.

This is the real-life decision that inventor Ronald Riley would make.

"One of the worst things I see happen is that an inventor falls in love with his first invention," says Riley. "There are many different reasons why you might abandon an invention, even one that seems like a good idea."

You must consider the market and how much it might cost to put the idea into production. "When you start out, you need to find a smaller niche market where you can get into production yourself rather cheaply or can get some else to manufacture it," says Riley.

He says that something like a hairpiece might be easier to put into production. "With that type of product, you could start your own company and make or have the invention made," he says.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.