Austin Bonderer: Why Your Best Ideas Need Protection Before Someone Else Claims Them
EPISODE OVERVIEW
Duration: Approximately 32 minutes
Best For: Trapped entrepreneurs who have built something innovative and worry someone could take it from them
Key Outcome: Understand exactly when and how to protect your intellectual property so you can focus on running your business instead of fearing competitors
He spent 25 years protecting other people's innovations. Then he watched business owners lose everything because they waited too long.
THE BOTTOM LINE
You have built something valuable. Something that took years of late nights, missed dinners, and sacrificed weekends to create. The thing is, if you have not protected it properly, someone with deeper pockets could take it tomorrow. Austin Bonderer has filed over 700 US patents and spent five years as a Patent Examiner before becoming an attorney. He has seen brilliant business owners lose their life's work because they assumed protection could wait. This episode cuts through the mystical black box of patents, trademarks, and intellectual property to give you clarity on what actually needs protecting and when. Because the trapped entrepreneur already has enough to worry about without wondering if their innovation is truly theirs.
WHY THIS EPISODE MATTERS TO YOU
Your innovations deserve protection before a competitor with more resources claims them as their own, and understanding the timeline means you stop procrastinating on this critical task.
The confusion between patents, trademarks, and copyrights keeps business owners paralysed, and clarity here means you finally take action on something you have been avoiding for months.
Austin explains exactly what AI can and cannot do for intellectual property, so you stop wasting time on shortcuts that could cost you everything.
Every week you delay protecting your ideas is another week where someone else could file first, and the cost of that inaction could be your entire competitive advantage.
KEY INSIGHTS YOU CAN IMPLEMENT TODAY
Patents must be filed before you disclose your idea publicly. Austin was clear on this. Once you have shared your innovation, the clock starts ticking. The trapped entrepreneur who keeps "meaning to get around to it" risks losing protection entirely. What changes because you understand this is simple. You stop treating patents as a someday task and recognise them as a now priority.
Trademarks can be registered at any stage of your business. Austin worked with a client who had been operating for 70 years before getting their trademark registered. This means you do not need to add "getting trademark sorted" to your already overwhelming startup list. You can focus on building the business first and formalise protection when you have bandwidth.
AI is currently a 60% tool, not a replacement for expertise. Austin has had clients bring AI-generated patent applications that required more time to fix than starting from scratch. The consequence of understanding this is freedom from the false promise that technology will handle everything. You still need experienced humans for important work.
Scaling is not always the answer. Austin challenges the automatic assumption that bigger means better. He points out that increased capacity means increased concern, loans, and the need to keep that capacity working constantly. Because you hear this, you can make a conscious choice about growth instead of blindly chasing "more" while sacrificing your health and relationships.
The fear of failure is worse than failure itself. Drawing from Tim Ferriss, Austin suggests sitting down and honestly mapping out what the worst case actually looks like. Most trapped entrepreneurs are paralysed by an undefined fear. When you define it, you often find it is far more manageable than the anxiety you carry daily.
GOLDEN QUOTES WORTH REMEMBERING
"When you really look back at life, you don't ever say, I wish I worked more." - Austin Bonderer
"The fear of failure was worse than the actual realization of what failure would really look like." - Austin Bonderer, referencing Tim Ferriss
"If I scale up, I'm going to make more money. It's not linear. Technically you will make less money for the amount of work that you do and you increase the amount of concern." - Austin Bonderer
"We're the last generation that is going to have the experience to be able to point out when AI is wrong." - Austin Bonderer
"The thing that you're going towards to give you freedom becomes your biggest prison." - Roy Castleman
QUICK NAVIGATION FOR BUSY LEADERS
00:00 - Introduction: Meet Austin Bonderer, patent attorney with 700+ US patents filed
02:30 - Austin's Journey: How falling into patents led to building expertise over 25 years
05:45 - AI and Patents: Why the technology is still in its infancy and needs human shepherds
10:20 - The Poisoning Problem: How AI learns from bad examples and why experience matters
14:00 - Patents vs Trademarks vs Copyright: Finally understanding which protection you need
18:30 - The Software Patent Challenge: Why the Supreme Court made software patents difficult
22:15 - Trademark Essentials: Why you do not need government registration to have a trademark
26:00 - Health and Business: Austin's perspective on choosing family over 80-hour weeks
29:30 - Scaling Truth: Why bigger is not always better and the hidden costs of growth
31:45 - Conclusion: How to connect with Austin and protect your innovations
GUEST SPOTLIGHT
Name: Austin Bonderer
Bio: Austin Bonderer is a patent attorney with over two decades of experience and more than 700 issued US patents to his name. He began his career as a US Patent Examiner before attending law school at night and building his expertise. Today he runs the Law Office of Austin Bonderer, PC, helping business owners protect their innovations without the complexity and confusion that typically surrounds intellectual property.
Connect with Austin:
Website: https://bondererpatents.com/
LinkedIn: https://www.linkedin.com/company/law-office-of-austin-bonderer-patent-attorney
YouTube: https://www.youtube.com/@AustinThePatentAttorney
Instagram: https://www.instagram.com/austin_the_patent_attorney/
Facebook: https://www.facebook.com/OrangeCountyPatentAttorney
YOUR NEXT ACTIONS
This Week: Make a list of every innovation, process, or unique method in your business that could be worth protecting. Stop assuming you will get to it later.
This Month: Schedule a consultation with a patent attorney to understand what actually needs protection and what the timeline looks like. Remove the uncertainty.
This Quarter: Implement the trademark registration process for your business name and key products. Get the federal protection that gives you national coverage instead of relying on common law.
EPISODE RESOURCES
Book mentioned: The Four Hour Work Week by Tim Ferriss
Tool discussed: AI for prior art searching in patents, though still in early development
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READY TO ESCAPE THE TRAP?
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Let's discuss how to build a business that works WITHOUT you.
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CONNECT WITH YOUR HOST, ROY CASTLEMAN
Roy is the founder of All The Power Limited and creator of Elevate360, a business coaching system for entrepreneurs ready to scale without burnout. As a certified Wim Hof Method Instructor and the UK's first certified BOS UP coach, Roy combines AI automation, wellness practices, and business operating systems to help trapped entrepreneurs reclaim their freedom.
Website: www.atpbos.com
LinkedIn: https://www.linkedin.com/in/roycastleman/
YouTube: https://www.youtube.com/@allthepowerltd
Transcript
I'm here with Austin, and Austin is a patent specialist,
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:patent attorney. He's got one of those careers that we
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:really don't want to know too much about. We just
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:want someone to help us fix it. So he's going
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:to be sharing some insights and some ways to think
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:about things later in the journey. Welcome. Thank you for
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:joining us. Thanks for having me, Roy. So tell us
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:a little bit about your journey. First of all, you
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:studied. You give us a little brief about how you
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:get to be where you are right now. Basically, when
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:I started becoming, like, when I got into patents, it
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:tended to be something that people fell into. Now it
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:tends to be a career where I'm being asked, hey,
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:I'm going to engineering school, and then I want to
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:go to law school, then I want to become a
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:patent attorney. Because you, at least here in the US
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:you have to be either have an undergrad in science
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:or an undergrad in engineering in order to even sit
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:for the patent bar. Yeah. So basically what happened to
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:me was I was in engineering school and my thesis
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:project was on invention that I had that would. It
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:was a wireless smoke detection system. And so I explored
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:the patent process as part of that thesis, which I
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:became interested in. I wanted to work at the university
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:because who doesn't want to work at a university? It's
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:a lot of land, it's perfect, it's beautiful, everything's great.
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:There's no real world there. Right. They're like, no, young
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:man. You must go out and you must learn, and
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:then maybe you can come back. I was applying, and
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:the two jobs I was offered, one was a construction
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:company because my background was civil engineering, and the other
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:one was the US Patent Office as a patent examiner.
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:I chose to become a patent examiner. So I ended
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:up working there five and a half years, went to
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:law school at night, and then became a patent attorney.
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:So generally at the time, that's how most people got
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:into patents, as they fell into it. Now it just
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:seems like something that people are actually targeting from the
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:beginning of their undergrad. So we'll see how that goes.
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:I think all of US Attorneys are a little concerned
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:about how AI is going to affect our livelihood. Yeah.
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:Wow. What a big question and conversation that is. I
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:guess we could do a couple of podcasts just on
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:that and yeah, some something after my own art. Where
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:do you see the challenges of AI A for your
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:own job, but also for your own career? But also
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:what works and what doesn't work right now? Well, right
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:now it's still in its infancy, and you can tell
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:it's going to get better. But I think the big
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:problem with AI and the way it works, so I've
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:been talking with people and it's the poisoning of AI
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:that I think may be the problem. Because say you.
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:Let's just say you're doing plumbing and you have a
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:hundred pictures of the proper way a plumbing fixture is
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:supposed to be put in. But say there's five bad
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:ones but somehow they get accepted is okay, AI is
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:going to take that. They're not going to be able
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:to distinguish what's right from wrong. And what you need
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:is shepherds. I call them shepherds. I think we're the
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:last generation that is going to have the experience to
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:be able to point out when AI is wrong. So
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:the problem is going to be is that when we
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:have these young attorneys come up and if they're just
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:constantly using AI or if they're just not even attorneys
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:doing it and it's just AI doing it, you get
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:to that idiocracy concern where the computer says this is
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:what's right, this is what works, and that's it. And
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:the poison pill is in there. And if there's no
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:one in there with the experience to say this is
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:wrong, it's going to be wrong, and it's going to
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:manifest even worse results down the road. So that's my
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:concern with AI and the use of it, is that
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:you still need people with experience to check it and
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:make sure it's right 100%. And I think there's
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:such a big piece here on the human right. It's
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:the human. Well, I'm speaking to so many people about
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:how do you keep the human in. A lot of
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:people are seeing AI as an 80% tool now and
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:100% tool in the future. And I don't believe that's
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:the case. I believe right now it's a 60% tool.
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:And you need to. One of. One of the people
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:I spoke to talk, spoke about bookending with AI And
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:I'd take that one step further, and I'd say club
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:sandwich it. AI at the end, AI in the middle,
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:and AI right at the beginning. Because, you know, the
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:process as we go through this, we have to remain
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:the AI architect, right? We have to remain the voice
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:of leadership. I'm going to remain the thought leader. I
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:want you to be my thought partner. Mr. AI. I
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:want. We're going to follow this process, and you need
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:to know what that process is and the intricacies of
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:it. So that you can. Yeah. Not just accept everything
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:that's coming in. So that's a real piece. And I
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:think the companies, or know the companies that keep AI
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:as the grinder, the one that comes in and does
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:the menial tasks that we don't want to do, that'll
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:allow us to be more human. That'll allow us to
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:bring the human to the surface and that'll allow companies
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:that we're. Yeah, if we're building our company and you
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:have more human in the company, that's really going to
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:stand out from all these companies that are just doing.
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:A. Yeah, I believe that. I've already had people come
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:up to me and be like, hey, I had a.
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:Write my application. Can you file it? And I'm like,
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:no, I can't. Because one, it still needs fixing. Like
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:you said, it's the club. It's a club. Savage. There's
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:a tool, but it's not the end all, be all.
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:And I end up spending more time trying to fix
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:someone else's work, even if it's AI, than just starting
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:from scratch and writing it. And then there's just other
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:little things, things that you gained with 25 years of
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:experience in this field that AI just doesn't have. It
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:just takes. It's like first year law student writing when
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:they try it, and it's, hey, after 25 years, you're
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:not to do this and this or to do xyz.
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:And it just hasn't figured that out. And that's just
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:where it's at. So I don't know how it's going
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:to work if you're just going to have models. Some
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:law firm has developed a model and they've done it
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:really well. And the other things, I think a lot
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:of AI right now is just. It's. People think they're
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:doing. Doing AI, but it's early. They're literally just automating
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:a process. Yeah, true AI. Yeah, I
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:think that automated the process. Sorry to interrupt. I think
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:that automating a process has been available for 10 or
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:15 years and people haven't been doing it right now.
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:It's easy. Yeah. Yeah, I think that's it. So we
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:spoke a little bit about. Yeah. The challenges for AI
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:in. In your career. And I think we're in such
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:a space coming up that there's going to be just
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:one after the other, off the other, collapsing. And we
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:have this, this eighth massive point in the world where
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:we're growing things like the Internet and the phone system
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:and the printing press. And as we go through the
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:next year, 2026 is going to be a massive year
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:for this. We're going to see all of that. And
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:in your space. In my space, I can see a
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:lot of what's happening. There's going to be a whole
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:bunch of roles that are created. This AI architect I
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:talk about is one of them. Engineer, automation engineer, virtual
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:C, chief AI officer. All this kind of stuff is
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:going to come in. And this is the same as
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:when the Internet came out and there were no Internet
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:engineers. What do you see in your space that could
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:potentially be useful to you? I think one of the
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:things that may be useful is prior art searching. Because
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:when people do it, they're limited by scope and time.
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:There is no search that's 100%. You can still get
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:a patent. And if your patent is issued, goes forward
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:and then some other company and you start suing them,
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:the first thing that they do is they initiate a
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:prior art search. Because no search is 100. The examiner
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:is only searching pretty much the United States. If you
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:hired a search firm, I'm sorry, if it's a US
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:Patent, if it's a US Attorney, our searchers are generally
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:searching US Documents because that's what the examiners are. And
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:we're trying to get it through the patent office, but
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:we're not searching in Korea and we're not doing all
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:the stuff. So if AI would be able to instantaneously
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:translate or this or that, they may be able to
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:find prior art that was not available before, which may
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:really decrease the number of patents that are allowed. Not
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:out of nefarious reasons, just because people have a limited
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:scope. Yeah. There's. The patent examiner only has X amount
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:of time that it's allotted for searching and examining the
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:application. Yeah. So they search reasonable amount of time. They
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:can't find something. It's allowable, but they're not like going
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:through the archives of the. I always say, like South
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:Korea and stuff like that. They have tons of prior
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:and they're very innovative and they have a very robust
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:patent system. But no one really goes and looks over
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:there. Japan's another one. You have a lot of prior
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:art, but it's really hard to look at. You can't
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:read it. So you're like, it's just over there purchasing
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:North. Let's. Let's transition a bit. Now. For those
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:people that are not quite sure of the difference between
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:copyright a patent, there's a. It's quite a mystical
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:black box art. Yeah. As a way to actually Understand
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:what do I need? I've got a computer program I've
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:written, or I've got a, you know, a new thing
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:that I've developed. And I think about patent as really,
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:I built a new mouse, so now I can patent
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:the mouse. And there's restrictions and things on that. So
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:perhaps talk to that for rule. Patents cover your methods
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:and apparatus for a limited amount of time and give
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:you a monopoly. And in here in the US And
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:I think even the eu, it's a little bit this
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:way, too. The software has taken a hit. It's very
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:hard to patent software here in the United States. And
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:I guess the easiest way to delineate what's patentable and
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:what's not. And this always exceptions. This is not the
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:card and fast rule. But I always say if. If
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:a person like Rain man could do it in their
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:head. Taking generic. So you have a generic sensor, gives
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:you some information. You process it through algorithms or compare
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:it to a database, and you spit out an output
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:that's not going to be patentable anymore. Because the Supreme
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:Court here in the United States said that generic sensor
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:is not physical enough to translate that abstract idea into
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:a physical invention. Because what we used to do is
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:just say, hey, it's software that runs on a computer's
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:physical object. So hence it's not abstract. Supreme Court in
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:the ALICE decision said, no, that's trickery. We're not going
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:to allow that. So software has had a really hard
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:time. The easiest way to decide if you have patentable
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:invention here in the United States, one of the ways
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:is if it is possible. Granted, it's almost impossible because
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:computers are much more data points, but theoretically possible, someone
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:could do it in their head. You cannot patent. Wow.
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:Okay. Yeah, yeah. And so trademarks was another
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:one that we deal with that's just identification of a
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:source of goods. So what I tell people is what
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:we try to do is we try to get you
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:a federal registration of your trademark, because you don't need
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:the federal government, the R with the circle, to give
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:you a trademark. Once you put goods out there for
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:sale and in commerce or services, and this kind of
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:stuff with a name, you have a trademark because it's
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:an identification of a source of goods. So what we
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:try to do is we try to register that because
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:it gives it a lot more protection nationally. If you
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:rely on common law and you sometimes you see with
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:the little tm, that means you're relying on common law
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:type of laws, which means it's geographically sequestered to the
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:effect that you have, in other words, obviously say you
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:had an in and out. I don't know if you're
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:familiar with that, but it's a burger chain that was
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:normally just in Southern California. They wouldn't have the ability
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:to stop someone in Maine from having a. If they
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:were relying on common. But they are not, obviously. One
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:of the interesting things is people think about it. There
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:are a lot of companies that don't even have registered
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:trademarks, one of them being American Airlines. Wow. Okay. Yeah.
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:Because the reason is. I assume the reason is because
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:it's descriptive. They would not be able to tell Delta
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:that they can't call themselves an American airline. Okay. So
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:you can't register descriptive terms. You can't pull things out
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:of lexicon that other people need to use to properly
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:describe their products. That's the interesting. And when you really
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:think about trademarks, it's there for the protection of the
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:public. Because we live in a capitalist society, people are
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:making instantaneous decisions on whether to buy something or not.
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:So the idea is that you're actually protecting the public
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:with trademarks than you are giving the company value. But
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:it does give the company value. It gives it goodwill.
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:So when you walk into a McDonald's in LA or
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:you walk into a McDonald's in New York, you assume
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:the quality is the same or you are able to
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:hold it against that company if the quality isn't. If
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:you don't like the quality. So you know whether you
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:like McDonald's or not, regardless of where you go now,
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:someone was infringing that Coming to America is the one
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:I always use. And I guess I'm a little bit
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:too old for a lot of these kids today. But
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:remember, McDowell's was the name of the place. And McDonald's
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:people were always coming after them because, say, they had
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:a bad experience at McDowell's. People might not delineate that
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:from McDonald's, theoretically. So then they would hold it against
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:McDonald's. That's why it's unfair. This is why we have
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:trademarks. And you can get a registered trademark no matter
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:how long you've already been in business. Obviously, patents you
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:have to do do it at the beginning. You can't
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:disclose your idea. You need to get a patent file
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:for a patent right away. I had a client, had
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:been in business for over 70 years, and we got
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:their trademark registered. Let's move on to another thing that
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:you may not, may or may not be able to
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:talk to. Yeah. And that's something that's interesting on The
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:AI space again, this is one of copyright. Yeah. Is
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:that something that you're familiar with? Because that just seems
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:to be a total minefield at the moment. I'm familiar
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:with the arguments. Copyrights generally are like when people call
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:me and they want to do copyrights and books and
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:music and stuff like that's generally why it's always entertainment
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:lawyers. Okay. So patent people tend to do. There's hard
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:IP and soft ip. Trademarks and copyright are considered soft
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:IP because anyone can do those. But patent attorneys generally
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:also do trademarks as well. Copyright tends to be a
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:little different. That tends to be in the entertainment space.
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:That's when you're dealing with artists and these kind of
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:things. And like you said, scrubbing the Internet for content,
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:that's going to be difficult. And I know that a
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:lot of people are upset that AI is doing it,
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:but the government wants to let them do it because
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:we're not even just competing for better models for commercial
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:purposes. We're trying to go for better models for national
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:defense purposes. And even if we were to on the
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:western world limit our LLMs from learning
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:from material that's on the Internet, certain adversaries are doing
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:it anyway. They don't care if we do it or
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:not. So we're like, we're, they're afraid that we're hamstringing
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:ourselves by maintaining these copyright rights from the LLMs,
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:using it or learning from it. But again, I go
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:back and forth because say it was just a person
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:reading it. Yeah, they learned it. Are you now
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:in violation of copyright because you've learned information and you've
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:re free phrased it and consumed it. You talk to
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:anybody and they talk health stuff. And I just read
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:this and now I'm going to do this. It's, that's
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:not copyright infringement. So it's tough. I understand both sides
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:of it. Wow. Yeah, that's a minefield. Right? So you
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:just mentioned health stuff. It's above my pay grade. That's
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:someone else. Yeah. I want to just talk about the
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:health stuff very quickly because that's something that I'm very
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:passionate about. We run our own businesses. It becomes this
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:real piece of that Businesses are all, we're in the
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:world, we're solving a problem. We're, we're really, we're passionate
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:about it. And we, we tend to at some point,
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:if you're not very careful, put our own self separate
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:and our company first, our product first. And then we
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:have this challenge of not being looking, of not looking
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:after our health you know, not looking after our mental
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:health, not looking after our physical health. And yeah, this
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:is so important for your energy, for your production, for
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:your profit, for your client relations, for everything. And talk
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:to me about what your thoughts are on that. Do
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:you have any of your own experiences that you know,
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:maybe gave you some insights and what do you do
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:for your own health? I guess that's I. So here
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:in U. S I assume same over there, that lawyers
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:can take one of two routes. They can either be
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:that hardcore litigator, they are spending 80 hours a week
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:working and this kind of stuff, or you can move
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:to the other side where you tend to be more
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:transactional and whatnot. When I was young, the idea of
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:success was money. It's money, wealth, this I'm accumulating. I
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:want that big boat. This is what I want. As
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:I've gotten older, when I have my own firm, I'm
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:able to pick my own clients. I'm able to decide
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:the amount of work that I do. Now I just
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:look at it, am I taken care of? Is my
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:family taken care of and are we good? Can I.
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:My son just graduated high school, but I was trying
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:to be there for every single game of his sporting
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:contest, every little thing that could possibly do. Because at
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:the end of the. When you really look back at
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:life, you don't ever say, and I believe it. I
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:wish I worked more. This does have real world effects.
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:We're not, we're not rolling in it. There's still. We
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:do have concerns about budgeting and this and that. Whereas
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:if you worked 80 hours a week, you wouldn't. The
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:way I look at it, if you're not making money,
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:you're spending money. So it's kind of like the more
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:free time you have, the more money you need. So
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:that's the way I look at it for sure. And
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:then there's this real balance, right? There's this balance. We
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:start our own business because we want that freedom. And
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:I think you've really managed to understand the importance of
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:the family, understand the importance of your own health. But
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:for 70% of businesses, US and UK actually there's a
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:70% of business owners, small business owners are close to
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:burnout because the reason that we got into running our
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:own business was freedom. That's the number one freedom. We
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:get into our own business, we do it, we're tackled
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:with some real problems. For the first one is loneliness,
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:right? Running your own company is super lonely. And people
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:don't realize that people that aren't doing it don't realize
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:it. Firstly, you start doing it. You excited, you talk
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:to your family or your friends and after the third
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:conversation, they really don't want to know anymore, right? They
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:really don't. Yeah. And then the second thing is, unless
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:you're very careful, the thing that you're going towards to
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:give you freedom becomes your biggest prison. Right. You end
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:up spending not the 8 hours or 10 hours a
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:day you're spending in the office, you're not spending 14
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:hours a day in the, in your company, and you're
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:spending the remainder of the day thinking about it and
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:planning and structuring. You can't turn off. Yeah. What is
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:your thoughts or your insights into that? I, I talk
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:to clients all the time and one of the things
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:that we talk about is they're like, oh, if I
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:scale up, I'm going to make more money. And it's,
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:it's not linear. Technically you will make less money for
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:the amount of work that you do and you increase
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:the amount of concern that you may have. Now it
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:may work out that, okay, it just starts running on
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:all six cylinders and then you're fine. But when you
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:scale up, you're actually losing money because now you have
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:capacity that you got to pay for all the time.
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:Now you're worried about making that capacity work all the
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:time. You have loans to pay for that capacity or
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:whatever you're typically doing. Most people don't pay cash for
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:those kind of things. So I'm like, hey, do you
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:really need to consider the pluses and minuses of this?
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:If you're happy where you're at and you're doing well
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:and you have enough to support your family and this
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:kind of stuff. Do you truly want to scale now?
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:Sometimes if you don't scale, you will lose market share.
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:Your supply. Like they're like, we need more product and
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:if you're not giving it to us, we're going to
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:go find something else that's going to make it work
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:for us. So you might get caught in that, but
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:you need to make that conscious decision about, don't go
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:into it blindly. Things are going gangbusters. I'm going to
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:make all this money, so I'm going to increase my
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:capacity. We see it with businesses all the time. They
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:over expand too fast and then they collapse. That talks
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:to my, my final point, and this is the business
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:operating system. I don't know if you come across EOS
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:or bos. And the thing that I coach is a
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:business operating system and the business operating System is what
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:it sounds like. It's a system to operate your business.
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:Yeah. Because we end up working so much in the
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:business, we can never work on the business because we
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:get caught in the reeds, we get caught in the
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:muck of it, and we're. We're always just there grinding.
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:And the business operating system is a structured way to
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:grow and scale your company efficiently. If you went to
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:McKinsey's or if you went to some of the big
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:players, they would apply a business operating system. And when
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:I first Learned this in 2017, it was a total
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:game changer for me. And I grow and scale and
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:build my companies around the business operating system. And the
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:reality is, when I take this into people, first of
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:all, and I start showing them all this is. Oh,
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:my word, whatever. Yeah. And I don't have the time
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:to take 20% of my time off and work on
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:the business. And for me, it was so successful, I
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:was working 14 hours a day. Yeah. Seven days a
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:week in my companies. Yeah. And after putting the business
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:operating system in, I was actually able to acquire a
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:third company where I didn't spend any time in the
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:first two companies. Yeah. Because I had to implement the
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:third company, and then I put the third company into
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:the first two structures and systems. Then I was able
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:to acquire a fourth company, which went horribly wrong. And
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:I nearly lost all my. Lost everything. But that's a
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:whole other story. But the structure, the understanding the philosophy
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:of these business operating systems. Yeah. Is something that I'm
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:trying to bring to small business owners because the big
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:players can cost me £100,000 to learn this stuff. The
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:expensive lessons are the ones you learn best. That 100,000
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:was literally just the coach. Right. Yeah. Oh, gotcha. Yeah.
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:How many thousands I lost before that because I didn't
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:know this, because I couldn't grow, because I couldn't scale,
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:because I couldn't understand the core competencies you need to
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:run a business. So it just. Yeah. It's a real
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:interesting time now that the small business owners have the
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:access to all of this information. And being that we're
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:in the information world. Yeah. And that information is now
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:free, Right. Yeah. This is the entire shift that we're
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:coming into. How do we make sure we have the
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:right information? How do you make sure you have. I
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:think the idea of coaching and what you're doing in
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:some regards is you're coaching people on how to get
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:their patent. Right. Yeah. And I wouldn't go to somebody
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:who isn't a patent coach. To get a patent, I
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:just wouldn't. And I at the beginning didn't understand how
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:business ran. So I just figured it out on my
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:own. If I'd done this in 2002 when I first
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:started my first UK company, I'd be stinking rich. Winner.
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:Now I'm not seeking rich, but that's more because I
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:spend so much money and living the life I love.
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:But I have the capacity to do that which is
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:so important to me. I have the freedom. I do
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:live the life I live. I'm sitting in Florida at
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:the moment. Last week I was in Seattle. The week
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:before that I was in a couple of weeks. Before
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:that I was in Egypt, then I was in France
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:and I was in the uk. Yeah. So that to
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:me is much more valuable than having 50 grand in
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:the bank. But yeah. Have you come across. Yeah. What
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:do you do? Let's go a different way. What do
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:you do in your business to make sure the structures
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:are correct? Do you have a coach? Do you understand
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:this? Yeah, honestly. Mine's kind of a small law firm.
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:I guess the. I never really read any of these
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:books or how to run business stuff. The one thing
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:I read, it's always stuck out in my mind was
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:that Four Hour Work Week by Tim Ferriss. I don't
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:know if you're familiar with it. And the biggest thing
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:that he said that made sense to me or what
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:he was trying to convey. It's been so long. But
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:basically it's the fear of failure was worse than the
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:actual realization of what failure would really look like. And
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:you should sit down anytime and say, hey, this is
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:the best that can happen and really give some thought
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:to what is the worst that can really happen. And
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:what you'll realize is that the fear of the unknown,
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:of the worst is not nearly as bad as what
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:the worst can happen. And so you need to learn
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:how to run your businesses this way is that you
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:need to take that risk. You need to trust your
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:people. Like you said, if you have proper systems in
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:place, you can do this. Myself, I've just, I've maintained
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:my business to where I can do it anywhere I
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:am. Like you said, you're traveling Florida. I like to
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:travel a lot of places. And I just bring my
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:laptop, I'm able to get my work done, I'm able
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:to bill my hours, my clients are happy. I'm fortunate
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:enough to work in a business where I don't have
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:to have face to face time with my clients. Amazing.
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:So yeah, that's what a blessing that is. What a
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:blessing that is. Yeah. They don't even want to see
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:my face. That's the way I look at it. You
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:show up looking like this. They're like, ah. We'll talk
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:on the phone. That's good enough. You got way more
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:hair than I do. So there's a good contrast here.
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:Oh, it's making a run, man. It's making a run
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:for the border. I can tell you this. Yeah, but
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:you have a nicer head than I do. I've shaved
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:my head before. It looks like a Klingon. I don't
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:know what I'm going to do when this is done
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:because it's going. Yeah. So yeah, I'm gonna wrap up
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:now and I just want to. Yeah. If anyone is
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:interested in connecting with you. What's the best way to
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:do that? They're probably my website, bonderpatents.com but it's nice.
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:I'm the only patent attorney I believe with bonder B
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:O N D E R E R so you just
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:put that in and patents you will find me. I
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:have YouTube channels that you can listen to and get
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:some information on intellectual property and. Or you can just
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:contact me directly through the website here to help any
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:way I can. Thank you very much for joining me.
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:I do appreciate the insights. Thanks a lot Roy. I
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:appreciate it.