Ignoring IP in business plans can expose entrepreneurs to several risks:
Loss of Competitive Edge: Without IP protection, competitors can easily replicate and benefit from your innovations. Legal Issues: You may face legal disputes if someone else claims rights to your unprotected work. Investor Hesitation: Investors may be reluctant to fund businesses that lack IP protection, viewing them as high-risk. Brand Dilution: Without trademarks, your brand identity could be compromised or misused by others.