I'm sure many of you reading this have not fallen into this trap. I use this illustration to help keep this from happening to you. When it comes to intellectual property, the clock is ticking. The more you delay, the greater the chance for someone else to develop a similar or superior invention. There are also time constraints in the patenting process.
Timing is a very important aspect of invention development.
However, for most inventors, speed is important. So, now I'm saying invention development can be very complicated. The fact is, it can be either or both. Every situation is unique. The trick is to use simple, common-sense reasoning to answer the complex questions.