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Results for: New Product Development

Great question, many entrepreneurs are stuck before launch because of this hurdle. I have helped many individuals turn full time entrepreneurs through succinct consecutive coaching in various industries. Here are my suggestions, but keep in mind they are generic because you didn't provide any det...

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You do not need to incorporate, and you may use the other company for now. Of course, it is always better to incorporate so that you have a legal entity by which you operate, collect fees, pay taxes, and so on. If you choose not to incorporate at this point, then you should at least have a wr...

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Hi there - great question(s). You "can" validate and fund projects at the same time. In fact, at some point the critical part of true validation is showing that quantitatively someone will pay something for your product/services. Now, whether you should fund while validating is the more imp...

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I'd be happy to help, depending on what you need help with. I advise early stage hardware startups on rapid prototyping, market testing, etc. I've both founded my own hardware startup (which has gone on to raise over $10 MM), and designed and built hardware prototypes for other startups. If you...

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No. But here are my two cents. Look only for a company who does not rely heavily in one other products besides what would be yours. Also, don't select a distributor who has a similar product as yours. You put them in a bind, even if they say they won't be affected in their decision making of w...

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Below is a link to a resource I provide my investors. The 50 questions are specific to product design/development but the 15 categories are questions that apply to any industry. If you can answer these questions about your deal you will have gone a long way to avoiding the common pitfalls in the...

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Hello! Firstly you need to decide whether you're targeting larger or smaller corporations. Approaches will need to differ because the larger the organisation, the more formal the process and the more gatekeepers to go through. I've noticed you mentioned Russian legislation - I successfully sold ...

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Face to Face will always be better. The reason is because to get to the root of an issue or to what really drives a person, you need to ask WHY 5 times. Only then you can offer a solution that will be irresistible to your prospects. Let's try with an email survey. 1. What is your biggest strug...

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Samples are traditionally 100+ people. Can you get 100 customers? How many customers (users too) do you have participating on the idea? Once you've shared it past friends and family, strangers are interested in what you're doing I believe that is all that is needed for a product/service to be ...

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I encourage you to read some answers of mine to similar questions asked on Clarity below. The value of Direct Outreach: https://clarity.fm/a/2149 Understanding your customer acquisition costs: https://clarity.fm/a/611 Using Twitter for early outreach: https://clarity.fm/a/438 The most impor...

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