"A BIRD IN THE HAND IS WORTH TWO IN THE BUSH."
Generally speaking the proverb about "A bird in the hand is worth two in the bush," is very applicable to inventions, and the inventor who is blessed with a grain of prudence in his make-up, will think carefully, and his best, before he refuses a fair offer.
If he desires to sell, a sum of money outright is better than a royalty.
Should it not be practical or desirable to dispose of it, he must make preparations to supply the market in constantly increased proportions.
Owing to the various kinds of skilled labor, numerous expensive tools, machinery, high rents for suitable manufacturing places necessary for the building of machinery, requiring the investment of large capital, and the devotion of a great deal of time for organization and supervision, many inventors find it convenient, even profitable, to have their machines built under contract by some established manufacturing concern which is properly equipped for that special kind of work. This in many cases is a very wise business-like course to pursue, as it eliminates the necessity of a large investment, and leaves the inventor free to devote himself to improving and enlarging the field for his invention, and to attend to the business end to better advantage.
[ CHAPTER 8
Useful Pointers on Successful Manufacturing]
Should it, however, be decided to manufacture his invention, it will be found that a proper system for regular routine will be required to produce the articles within reasonable cost.
If the inventor has no special experience in manufacturing, it will be greatly to his advantage to procure information, by inspection, and carefully noting the methods employed in up-to-date manufacturing establishments, making similar articles.