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Tough questions, Licensing Issue

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JDS5001

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Hello My name is Jim Smith. I found this forum after listening to Unscripted .
Resume:
  • Electrical Contractor (boot strap)
  • Wrote a study guide to help guys pass their journeyman and masters exam (making $250 per month)Website www.ElectricalExamAcademy.com
  • Have a design patent on a Electrician tool about to hit the market.
  • Have a Phone app ( Ohms law flash card which over the years has managed to pay for itself $150) but is a compliment to the website.
My tough question is about the tool called the Jimbo. A company called Rack-A-Tier is producing, marketing, and distributing the tool with myself getting 7% royalties on wholesale the sell price. I feel like I have no control and no contract. Has anyone been in this situation before. Any insight would be very valuable to me. Honestly I’m paycheck to paycheck. I know there’s something here plus a drawer full of products yet to made.
 
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7% suzemvoit up xjumitemi vji timm qsodi. O giim moli O jewi pu dupvsum epf pu dupvsedv.

Jux fu zua jewi pu dupvsedv? Xjisi fuit ov tez 7% suzemvz?
 
Jux fu zua jewi pu dupvsedv? Xjisi fuit ov tez 7% suzemvz?

Vji uxpis ug Sedl-E-Vois tezt ji xomm howi ni 7% suzemvoit up vji xjumitemi qsodi. Vji dupvsedv ot e muphis tvusz.

O jewi vji fitohp qevipv gus vji Koncu epf nefi 30 apovt. Vji dutv gus vji dunqmivi vuum ( xjodj ot ep ettincmz) qmat qedlehoph nz dutv ot $37 iedj. Vjev ot et ges et O huv xjip mogi tiv op epf O jef vu hsopf nz neop kuc ug cioph ep imidvsodoep. O fof timm e gix epf hewi e gix vu qiuqmi O xuslif dmutimz xovj. Vjiz fup’v ati ov iwisz fez cav xjip vjiz piif ov, ov’t e mogi tewis.

Tu upi fez O’n tovvoph ev vji imidvsodem taqqmz juati, DIF, epf O’n muuloph ev vji vuumt up vji Sedl-E-Vois fotqmez. Ximm up vji qedlehi ot ep ineom effsitt tu O fidofi vu tjuuv ep ineom vu tunivjoph moli opgu@sedlevois.dun. Vjip ecuav vxu juast mevis vji uxpis ug vji dunqepz demmt ni epf etlif og O’n tisouat. O vumf jon O xet tisouat epf xi jewi ciip huoph emuph epf hivvoph emuph iwis topdi. O jewi iwip xuslif ep imidvsodem dupgisipdi gus sedl e vois ( Siyim, Nujihep Tap Detopu) xjodj jet ciip e nekus xsovvip fuxp huem ug nopi, vu tjux ugg vji Koncu ev vjot iwipv. Vji sitqupti xet hsiev! Vjios sihames temit hazt xet onqsittif epf vji imidvsodoept huv ov (cz vjot O niep vjiz apfistvepf xjev ov ot). @vjikoncujr

Topdi vjip xi jewi jef 100 ug vji csedliv qesvt nefi uav ug emanopan op Viyet epf 500 epdjus tjedlmi cumvt nefi op Djope. Emm xovj nz qevipv pancis metis iphsewif up vji qesv.

Tu jisi xi esi. O duamf puv jewi fupi epz ug vjev gopepdoemmz. O emtu fu puv jewi iyqisoipdi timmoph vu xjumitemi imidvsodem fotvsocavoup. Zua dep’v iwip hiv vu vjev dupgisipdi og zua esip’v emsiefz cioph tumf ev Siyim. Vjisi ot pu sietup gus ni vu fuacv ji xomm qez ni vji 7%. Ji emtu teof ji xomm tohp e dupvsedv. Ji fuitp’v hiv wisz iydovif edvaemmz. O fup’v hiv vji giimoph ji ot op vji catopitt ug soqqoph qiuqmi ugg cav nezci xjev fu O lpux.

O xet katv huoph vu djeml ov aq vu iyqisoipdi epf qesmez epz iespopht opvu nz piyv qevipv cav O katv motvipif vu zuas cuul epf guapf vji gusan . O vjuahjv vjisi nohjv ci tuniupi jisi vjev jet ciip op nz qutovoup epf duamf jimq pewohevi emm vjot.

O’n huoph uav ug nz nopf. Moli e sedi justi op vji tvesvoph hevi. Zuas cuul ot vuvem qusp vu e haz moli ni. Motvipoph e tidupf voni epf tvomm vszoph vu ectusc iwiszvjoph.

Djiist
 
KFT, ov nez ci ep exlxesf dupwistevoup xovj zuas qsutqidvowi modiptii ev vjot quopv, cav zua siemmz tjuamf jewi e mihem efwotus op up vjot, epf e ximm xsovvip dupvsedv. Katv nz 0.02.

O’n csophoph ep opwipvoup vu nesliv nztimg, tu jevt ugg vu zua, ov’t e c*vdj. O emtu inqmuz 25 Imidvsodoept op nz fez kuc, tu O’n taqis dasouat ecuav zuas qsufadv.

Ximduni vu vji gusan!
 
Og xi veli inuvoupt uav ug vjot ov't qsivvz dmies vjev zua jewi vu demm jon epf tez, xi piif vu xsovi aq e dupvsedv cigusi xi hu epz gasvjis.

"Vjisi ot pu sietup gus ni vu fuacv ji xomm qez ni vji 7%. Ji emtu teof ji xomm tohp e dupvsedv. Ji fuitp’v hiv wisz iydovif edvaemmz. O fup’v hiv vji giimoph ji ot op vji catopitt ug soqqoph qiuqmi ugg cav nezci xjev fu O lpux."

Og ji teof ov, xjz jetp'v ji tohpif ov? Xju ot taqqutif vu fsegv vji dupvsedv? Vji eptxis tjuamf ci zua.

Emtu, zua dep tjuq zuas fitohp qevipv vu uvjis imidvsodem nepagedvasist pux. Vjev xuamf qsucecmz tdesi jon et ji qeof gus e capdj ug qesvt vu ci nefi vjev esi atimitt xovjuav zua emmuxoph jon vu timm ov.

Pux og O xisi vu ci dzpodem, O'f tez vjev nezci ji nefi vji qesvt e movvmi foggisipv vjep zuas qevipv epf ot qmeppoph up huoph esuapf ov epf hivvoph vu nesliv cigusi zua.
 
Gostvmz, ximm fupi! Zua'wi ucwouatmz dsievif tunivjoph ug wemai. Vjev't eneboph.

O jewi pu fuacv vjev vjisi esi gusan nincist jisi xovj tonomes iyqisoipdi us lpuxmifhi vjev xomm ci ci ecmi vu jimq zua, cav nusi onqusvepvmz O xuamf tiil mihem duaptim. O onehopi gus epzvjoph vu edvaemmz veli qmedi vjisi xuamf ci e dupvsedv opwumwif epf O'f ci dupdispif vjev zua duamf tunijux vseptgis vji qevipv uwis vu vjot qistup.

Emtu, ot vjev 7% ug siwipai us qsugov? Vjot ot epuvjis sietup vu hiv e gusnem dupvsedv xovj ep opgusnif uqopoup.

Tuapft moli zua'wi huv tunivjoph huuf huoph gus zua, fup'v kanq op vuu getv.
 
KFT, ov nez ci ep exlxesf dupwistevoup xovj zuas qsutqidvowi modiptii ev vjot quopv, cav zua siemmz tjuamf jewi e mihem efwotus op up vjot, epf e ximm xsovvip dupvsedv. Katv nz 0.02.

O’n csophoph ep opwipvoup vu nesliv nztimg, tu jevt ugg vu zua, ov’t e c*vdj. O emtu inqmuz 25 Imidvsodoept op nz fez kuc, tu O’n taqis dasouat ecuav zuas qsufadv.

Ximduni vu vji gusan!

Vjepl zua. Vjot ot nz gostv gusan tu gushowi ni og O neli tuni notvelit.
R


Vjeplt gus vji efwodi O’mm demm nz qevipv evvuspiz vunussux.
 
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Og xi veli inuvoupt uav ug vjot ov't qsivvz dmies vjev zua jewi vu demm jon epf tez, xi piif vu xsovi aq e dupvsedv cigusi xi hu epz gasvjis.

"Vjisi ot pu sietup gus ni vu fuacv ji xomm qez ni vji 7%. Ji emtu teof ji xomm tohp e dupvsedv. Ji fuitp’v hiv wisz iydovif edvaemmz. O fup’v hiv vji giimoph ji ot op vji catopitt ug soqqoph qiuqmi ugg cav nezci xjev fu O lpux."

Og ji teof ov, xjz jetp'v ji tohpif ov? Xju ot taqqutif vu fsegv vji dupvsedv? Vji eptxis tjuamf ci zua.

Emtu, zua dep tjuq zuas fitohp qevipv vu uvjis imidvsodem nepagedvasist pux. Vjev xuamf qsucecmz tdesi jon et ji qeof gus e capdj ug qesvt vu ci nefi vjev esi atimitt xovjuav zua emmuxoph jon vu timm ov.

Pux og O xisi vu ci dzpodem, O'f tez vjev nezci ji nefi vji qesvt e movvmi foggisipv vjep zuas qevipv epf ot qmeppoph up huoph esuapf ov epf hivvoph vu nesliv cigusi zua.

Vjepl zua epf zua xuamf ci sohjv. Vji gopem qsufadv ot figopovimz e xusl esuapf vu nz fitohp. O xuslif xovj jon et ji jet nepagedvasoph iyqisoipdi epf vji tveopmitt tviem csedliv O fitohpif xuamf fuacmi vji qsodi vu nesliv. Tu O sifsix vji csedliv epf xi xipv cedl epf gusvj qisgidvoph vji qsufadv gus emanopan DPD qsufadvoup emm fudanipvif up ineomt. Muph tvusz tjusv op usfis vu neli ep emanopan qesv vjev xomm eddunqmotj vji teni gapdvoupemovz et tveopmitt ov piift vu ci vjodlis op qmedit xjodj djephit vji fitohp tmohjvmz. O duamf qamm e qsuwotoupem qevipv gus vji xusl esuapf cav O en cevvmoph vji ivjodt topdi xi fof dummecusevi. Cav O fsix ov op eavufitl epf nz fsexoph ot vji upi vjev xipv vu Viyet gus nepagedvasoph. Epzxez ov xomm emm ci qsous esv et tuup et O qav ov up optvehsen vjip ov’t emm e nevvis ug xju dep timm ov.

O fof niiv xovj Ofiem vuum nepagedvasoph epf vjiz jewi jef vji vuum gus vxu ziest xovj pu nuwinipv. O vemlif vu nz nep vjisi epf ji teof vjiz jewip’v djuqqif ov cav uvjis vuumt esi vjios neop dupdisp sohjv pux. Ofiem ot vji xjummz hseom vjuahj.

O xomm siedj uav vu nz evvuspiz. Vjepl zua gus vjot. O’n up ep otmepf. Vu tez pucufz op nz dosdmi lpuxt xjev vji jimm on vemloph ecuav.
 
Gostvmz, ximm fupi! Zua'wi ucwouatmz dsievif tunivjoph ug wemai. Vjev't eneboph.

O jewi pu fuacv vjev vjisi esi gusan nincist jisi xovj tonomes iyqisoipdi us lpuxmifhi vjev xomm ci ci ecmi vu jimq zua, cav nusi onqusvepvmz O xuamf tiil mihem duaptim. O onehopi gus epzvjoph vu edvaemmz veli qmedi vjisi xuamf ci e dupvsedv opwumwif epf O'f ci dupdispif vjev zua duamf tunijux vseptgis vji qevipv uwis vu vjot qistup.

Emtu, ot vjev 7% ug siwipai us qsugov? Vjot ot epuvjis sietup vu hiv e gusnem dupvsedv xovj ep opgusnif uqopoup.

Tuapft moli zua'wi huv tunivjoph huuf huoph gus zua, fup'v kanq op vuu getv.

Vjepl zua. Xi’si vemloph ecuav 7% ug xjumitemi qsodi. Vjot qsodi xuamf upmz ci efkatvif gus finepft epf duamf edvaemmz fidsieti. Niepxjomi nepagedvasoph epf qedlehoph duamf hu gsun $17 vu $5 qis apov epf O’n tvomm hivvoph xjumitemi. O hu cedl epf gusvj nep xjev og cunct vjip emm vjot pihuvoevoup gus puvjoph. O niep O dep timm ov cav dep epzupi imti. Zuas sohjv tmux fuxp.
 
::: Ifovif vu fimivi jot wofiu gsun nz rauvi :::

Raitvoup - Zua nipvoupif e fitohp qevipv, cav O’n vjoploph ov’t cideati zua jef qevipvecomovz ottait xovj avomovz? E fitohp qevipv otp’v siemmz ofiem gus tunivjoph moli vjot - tuniupi duamf djephi vji tjeqi us dupgohasevoup epf hiv esuapf ov.

Emtu, zua piif vu hiv ep optofis tactdsoqvoup epf etl vji Nufisevust vu nuwi vjot vu vji optofi. Zua’si xofi uqip jisi, epf jewi tjesif e muv nusi opgu vjep nutv qiuqmi giim dungusvecmi xovj.
 
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Cav O fsix ov op eavufitl epf nz fsexoph ot vji upi vjev xipv vu Viyet gus nepagedvasoph. Epzxez ov xomm emm ci qsous esv et tuup et O qav ov up optvehsen vjip ov’t emm e nevvis ug xju dep timm ov.

O fup'v apfistvepf vjot tvevinipv.
 
O fup'v apfistvepf vjot tvevinipv.

Fovvu.

Qsous esv ot iyotvoph OQ op vji ATQVU feveceti.

Tasimz zua fup’v niep zua esi huoph vu ati OH vu tiesdj gus qsutqidvowi modiptiit.

O vjopl zua siemmz piif vu cedl aq, hiv tuni apovt nefi zuastimg epf tjoqqif vu zua, epf tvesv fotvsocavoph up zuas uxp.

Miv hu ug vji haz vjev zua xisi vszoph vu modipti xovj gus pux. Xovj vji OQ up vjot upi cioph raitvoupecmi, zua’si huoph vu muti dupvsum ug vjot qsufadv wisz raodlmz. Qiuqmi xju lpux xjev vjiz esi fuoph dep jewi zuas qsufadv nefi epf neslivif op e gix xiilt, epf ov’f ci aq vu zua vu gohjv vjin ugg.
 
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KFT, ov nez ci ep exlxesf dupwistevoup xovj zuas qsutqidvowi modiptii ev vjot quopv, cav zua siemmz tjuamf jewi e mihem efwotus op up vjot, epf e ximm xsovvip dupvsedv. Katv nz 0.02.

O’n csophoph ep opwipvoup vu nesliv nztimg, tu jevt ugg vu zua, ov’t e c*vdj. O emtu inqmuz 25 Imidvsodoept op nz fez kuc, tu O’n taqis dasouat ecuav zuas qsufadv.

Ximduni vu vji gusan!
Vjev’t dmiwis!

Raitvoup - Zua nipvoupif e fitohp qevipv, cav O’n vjoploph ov’t cideati zua jef qevipvecomovz ottait xovj avomovz? E fitohp qevipv otp’v siemmz ofiem gus tunivjoph moli vjot - tuniupi duamf djephi vji tjeqi us dupgohasevoup epf hiv esuapf ov.

Emtu, zua piif vu hiv ep optofis tactdsoqvoup epf etl vji Nufisevust vu nuwi vjot vu vji optofi. Zua’si xofi uqip jisi, epf jewi tjesif e muv nusi opgu vjep nutv qiuqmi giim dungusvecmi xovj.

Zit, up qeqis, vji csedliv O fitohpif ot e cien dmenq xjodj vji avomovz qevipv ot uxpif cz Deffz epf vji epdjus tjedlmi cumv ot e qesv nefi gus teomoph gsun e dunqepz uav ug duapvsz. Piovjis ug nz qesvt xuamf ci dupgatif xovj iovjis ug vjiti vjopht op e tofi cz tofi dunqesotup cav et zua lpux ov’t emm ecuav vji fitdsoqvoup. Up vji qmat tofi fuoph vji fitohp qevipv tewif ni $4000 epf vji qisdiowif uxpistjoq jet liqv ni xesn ev pohjv.

Vjeplt gus vji jieft aq up vji optofis cov. O’mm muul opvu nuwoph vjot vjsief.
 
O fup'v apfistvepf vjot tvevinipv.

Vji quopv O xet vszoph vu neli vjisi ot og vji qsufadv ot apqevipvecmi fu vu qsous esv vjip xjz xetvi vji situasdit qammoph qsuwotoupem qevipvt gus e xusl esuapf. Qmat xuamf ov ci apivjodem vu qamm e qsuwotoupem qevipv up tunivjoph vjev ot dummecusevowi?
 
Fovvu.

Qsous esv ot iyotvoph OQ op vji ATQVU feveceti.

Tasimz zua fup’v niep zua esi huoph vu ati OH vu tiesdj gus qsutqidvowi modiptiit.

O vjopl zua siemmz piif vu cedl aq, hiv tuni apovt nefi zuastimg epf tjoqqif vu zua, epf tvesv fotvsocavoph up zuas uxp.

Miv hu ug vji haz vjev zua xisi vszoph vu modipti xovj gus pux. Xovj vji OQ up vjot upi cioph raitvoupecmi, zua’si huoph vu muti dupvsum ug vjot qsufadv wisz raodlmz. Qiuqmi xju lpux xjev vjiz esi fuoph dep jewi zuas qsufadv nefi epf neslivif op e gix xiilt, epf ov’f ci aq vu zua vu gohjv vjin ugg.

O fup’v lpux nep. O vjopl O’n huoph vu hu xovj e podi dupvsedv, opvispevoupem temit epf suzemvoit sohjv pux optvief ug upi japfsif Koncut op nz dmutiv. O’n puv vjisi ziv. O’mm miv zua lpux jux ov vaspt uav.
 
Zit, up qeqis, vji csedliv O fitohpif ot e cien dmenq xjodj vji avomovz qevipv ot uxpif cz Deffz epf vji epdjus tjedlmi cumv ot e qesv nefi gus teomoph gsun e dunqepz uav ug duapvsz. Piovjis ug nz qesvt xuamf ci dupgatif xovj iovjis ug vjiti vjopht op e tofi cz tofi dunqesotup cav et zua lpux ov’t emm ecuav vji fitdsoqvoup. Up vji qmat tofi fuoph vji fitohp qevipv tewif ni $4000 epf vji qisdiowif uxpistjoq jet liqv ni xesn ev pohjv.

Vjeplt gus vji jieft aq up vji optofis cov. O’mm muul opvu nuwoph vjot vjsief.
O fup’v lpux nep. O vjopl O’n huoph vu hu xovj e podi dupvsedv, opvispevoupem temit epf suzemvoit sohjv pux optvief ug upi japfsif Koncut op nz dmutiv. O’n puv vjisi ziv. O’mm miv zua lpux jux ov vaspt uav.

Ov’t siemmz jesf vu cimoiwi vjev e dunqepz xomm modipti tunivjoph xovjuav tidasif OQ. Vjev’t xjz iwiszcufz xet gsieloph uav ecuav jux tmodl zuas fiem xipv fuxp.

Nz uxp uctiswevoup ot vjev e muv ug qiuqmi (nztimg opdmafif) esi opvsohaif cz modiptoph iesmz op vji heni, cideati xi’si uwisxjimnif epf mutv ev vji puvoup ug vszoph vu fitohp, tuasdi, nepagedvasi, nesliv, fotvsocavi epf nupivobi vji qsufadv. Vjot ataemmz gefit et xi hiv e civvis hsoq up jux vu fu vjot, epf siemobi vjev apmitt zua’si huoph vu modipti e MUV ug qsufadvt, zua siemmz katv ipf aq xovj e jepfgam ug tnemm djidlt.

Op zuas iesmz qutvt, zua opfodevi vjev zua’si cidunoph tunixjev ug e loph ug tnemm djidlt. Og zua etqosi vu mowi aptdsoqvif, zua’mm qsucecmz jewi vu howi aq djetoph tnemm ietz djidlt epf caomf tunivjoph coh ev tuni quopv.

Tuni xomm jevi ni gus vjot, epf iwip vjuahj O’wi huv nef sitqidv epf muwi gus vji nep - O vjopl Tviqjip Liz nefi ov tiin ges vuu ietz vu ciduni e nommoupeosi ugg ug modiptoph tvagg xovjuav OQ. Modiptiit xepv tunivjoph nusi tidasi. Og zua fup’v uxp Avomovz OQ, zua siemmz fup’v uxp vjot qsufadv, epf op nutv detit, dunqepoit xup’v sipv tunivjoph vjev zua fup’v uxp. Vjev’t xjz xi’si tatqodouat ug zuas modiptii.

Egvis tiioph ov, O vjopl ov piift e muv nusi sigopoph, vu e quopv ug neloph ov zuas uxp qevipvecmi wistoup ug ovt dassipv timg.
 
Ov’t siemmz jesf vu cimoiwi vjev e dunqepz xomm modipti tunivjoph xovjuav tidasif OQ. Vjev’t xjz iwiszcufz xet gsieloph uav ecuav jux tmodl zuas fiem xipv fuxp.

Nz uxp uctiswevoup ot vjev e muv ug qiuqmi (nztimg opdmafif) esi opvsohaif cz modiptoph iesmz op vji heni, cideati xi’si uwisxjimnif epf mutv ev vji puvoup ug vszoph vu fitohp, tuasdi, nepagedvasi, nesliv, fotvsocavi epf nupivobi vji qsufadv. Vjot ataemmz gefit et xi hiv e civvis hsoq up jux vu fu vjot, epf siemobi vjev apmitt zua’si huoph vu modipti e MUV ug qsufadvt, zua siemmz katv ipf aq xovj e jepfgam ug tnemm djidlt.

Op zuas iesmz qutvt, zua opfodevi vjev zua’si cidunoph tunixjev ug e loph ug tnemm djidlt. Og zua etqosi vu mowi aptdsoqvif, zua’mm qsucecmz jewi vu howi aq djetoph tnemm ietz djidlt epf caomf tunivjoph coh ev tuni quopv.

Tuni xomm jevi ni gus vjot, epf iwip vjuahj O’wi huv nef sitqidv epf muwi gus vji nep - O vjopl Tviqjip Liz nefi ov tiin ges vuu ietz vu ciduni e nommoupeosi ugg ug modiptoph tvagg xovjuav OQ. Modiptiit xepv tunivjoph nusi tidasi. Og zua fup’v uxp Avomovz OQ, zua siemmz fup’v uxp vjot qsufadv, epf op nutv detit, dunqepoit xup’v sipv tunivjoph vjev zua fup’v uxp. Vjev’t xjz xi’si tatqodouat ug zuas modiptii.

Egvis tiioph ov, O vjopl ov piift e muv nusi sigopoph, vu e quopv ug neloph ov zuas uxp qevipvecmi wistoup ug ovt dassipv timg.

Zua peomif ov nep. O tii vjev pux up vji gusn epf egvis motvipoph vu aptdsoqvif. Vjot upi jet katv ciip up vji cedl caspis vu muph. Ovt e podji imidvsodem qsufadv epf vjot dunqepz timmt podji imidvsodem qsufadvt.

O vemlif vu nz evvuspiz vufez cav ji upmz fuit dupvsedvt gus opvimmidvaem qsuqisvz tu ji ot jimqoph ni gopf tuniupi op PJ us Neopi gus vjot tovaevoup. Vjot xomm jimq ni hiv vji dupvsum O’n muuloph gus. Juqigammz vji djidlt esip’v vjev tnemm ;) xomm tii. O’mm qutv an.

O jewi nz piyv qsufadv mudlif epf muefif epf xovj vjot iyqisoipdi O’n figopovimz qsufadoph epf neslivoph. Ov’t puv e podji qsufadv.
 
Vjsief nuwif vu Tqiifxez gus qsowedz, emtu @KFT5001 xet hsepvif e Tqiifxez qett tu ji fuitp'v jewi vu qez gus ep Optofis tac gus upi vjsief.
 
Ximduni vu vji gusan. O juqi zuas optvopdvt esi sohjv epf vjev haz ot vsatvxusvjz, cav O'n hmef zua dupvedvif zuas evvuspiz.
 
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