I bought these Doraemon Jibbitz from Parkson, 1 Utama at rm8.90 per piece!!!
If you have heard about the Jibbitz’s story, you should read Rich and Sheri Schmelzer’s story about how they created this item from their home and subsequently acquired by Crocs for US20 million. One of the Schemelzer’s kids was at a local pool when one of the founders of Cros spotted the Jibbitz. He gave the kid his card and the rest was history.
The Schemelzer ensured that they filed patents and design patents (in Malaysia, it is called an industrial design) to protect their invention before releasing it. You can read their patent and design patent specification below:
Patent: System and method for securing accessories to clothing
Patent: SYSTEM AND METHOD FOR SECURING ACCESSORIES TO WEARABLE ITEMS
Design patent: Shoe accessory.
Clear example how IP protection raked millions. If they didn’t file a patent, Crocs could have just copied the idea without paying a single royalty.
Unfortunately, many people are put off with the cost of filing a patent. The initial stage for filing a patent in Malaysia could costs RM5000 – RM10,000. Nevertheless, one can always find someone to finance it e.g. a venture capitalist.
This bring me to the question on how we could apply such business principle into the legal profession. How was a lawyer ride on another successful business to attain a certain level of success. Let me put on my thinking cap…
I had to pick up a dress for a friend from a bridal shop along Jalan Loke Yew few months ago. When I arrived the dress wasn’t ready and the staff asked me to come back in 15 minutes. Instead of waiting in the shop, I decided to have lunch nearby. When I asked the staff for a good place to eat, they immediately recommended Restaurant Hung Kee.
Before going to the restaurant, I did some research on my Blackberry to read other bloggers’ recommendations. Most of them raved about it being very good. Hung Kee was no doubt my no. 1 option at that time.
According to a feedmelah.com, the restaurant started in the mid 1960s. The interior of the restaurant does feel nostalgic.
Even the surroundings feel nostalgic. So many old people around somemore.
The restaurant consists of 2 shops – one of them is air conditioned.
A lady came to take my order and when I asked for recommendation, she said I can have a mixture of roast pork, chicken or duck and also mushroom chicken feet. I opted for the chicken feet.
My meal came up to RM7.50, quite expensive for a wan tan mee plus 2 pieces of chicken feet and mushrooms. The noodles was good but nothing to shout about. There was no orgasmic feel eating the blardi wan tan mee.