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Are you an inventor or an entrepreneur?
The Harvard Business Review states that entrepreneurs focus on their business plan and use it as a tool to get to where they want to be. Inventors focus on their good idea and want to make it a reality.
Even the best ideas don't succeed by themselves - an invention needs to be approached like a business. To turn an idea into profit it is important to think like an entrepreneur and have a plan.
It is also crucial to source a wide variety of skills, to provide expertise vital to the project and to be able to overcome challenges and turn setbacks to your advantage. Setbacks are often when you learn about your product and its associated processes or characteristics.
The product development journey
Product development is not usually a straightforward process. The simple fact of producing something that has never been made before is obviously going to be a learning process. It can be exciting and rewarding - but it is wise and prudent to be prepared and plan for issues to arise during design, manufacture and product launch.
Alongside our clients we work through any issues and overcome the challenges that can arise along the product development path. Central to the success of a project is the strength of the virtual team we build with our client.
It is essential to choose compatible partners and build a team which has the confidence to overcome challenges together. It is vital to build a bond to succeed together.
The path to profit can be difficult and the product development journey does not suit everyone - so before starting it's essential to plan thoroughly and decide whether the challenges ahead are for you.
MotionTouch has some great success stories in our case study section and we've worked on hundreds of product ideas for very satisfied clients. Our average client satisfaction score is 92%. You can read client endorsements and watch video of our clients talking about working with us in our What our clients say section.
However, occasionally a client can find the trials of product development too much and become disillusioned and disappointed by the whole experience. That's why we believe it's so important to do our best to advise clients and be honest about the potential benefits and the challenges of the product development journey.
For this reason we have developed some specific educational resources including InventorTV.net, detailed client information presentations and a product feasibility service. We also help our clients to evaluate the resources and skills they have available for the journey ahead.
We would welcome the opportunity to discuss all of these issues in great detail with you.
Whether you want to turn a great idea into a business or are seeking solutions for your existing business, we can help you with all aspects of Product Design, Prototyping, Factory & Tooling and Production.
Just tell us your requirements and we'll get back to you.