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Analyzing Kenneth Johnson's Speech

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Summary of the speech: The name of the speaker was Kenneth Johnson. He was the creator and inventor of the popular board game, Phase 10. His speech primarily focused on the struggles, failures, and successes as an inventor and entrepreneur. In his speech he shared his stories regarding his journey in the board game business. He also gave insider tips about the toy industry and shared valuable insights and pieces of advice to anyone who would like to invent and create a brand. He started his speech by saying that he was only 19 years old when he began to invent his first board game and started selling it to the market. This was not Phase 10. It was an entirely different board game that dealt about the sport of baseball. He invented the said …show more content…

This was when he invented Phase 10, which is now the second most played card and board game in the world, just second to Uno. At first he encountered some problems with K-mart; but in the end, he won and even received millions of compensation for intellectual property rights. Thus, he in his speech he assured his speech that one can really make a lot of money as an inventor. Aside from himself, he also told the story of Ryan Johnson, the creator of the “Super Soul” gun. When Johnson sold his invention to Hasbro, he got more what he wanted. This was because Hashbro also started selling similar guns with the similar mechanisms of the “Super Soul” toy by Johnson. The company did not know that there was a stipulation in the contract that any toy with the similar mechanism as the “Super Soul” toy would entail Johnson to receive parts of the earnings. On the other hand, Kenneth Johnson also ventured on third-party logistic system business. He had this idea when he saw another business that was overloaded with people. He immediately contacted the owner of the business, who then became his first business. Hence, Kenneth Johnson implied that a good entrepreneur knew when to get the chance for

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