Browsing Tag
prototype
6 posts
3 Step Process to Rapidly Test New Business Ideas
I don’t lack business ideas. I’m known to pepper my friends with, “What if you could just...” or “Wouldn’t it be great if...” so often that they’ve learned to just sort of nod and tune me out when I get started. It’s become a vicious cycle. First, I’ll fall in love with my latest product...
How Frustration Led This Entrepreneur to Start a Workwear Company for Women in STEM
Frustration sparks an idea After completing my bachelor’s degree in international project engineering in Germany, I moved to the U.S. to start an exciting career as a project management consultant. My responsibility was to help client teams succeed in delivering critical multi-million-dollar construction, manufacturing and event planning projects. I got to fly around the world...
So, You’ve Got an Incredible Invention… Now What?
It's taken weeks, months, maybe even years to conceptualize and perfect your extraordinary invention. You know it's a game-changer. Your creation is ready for the world, and you can't wait to unleash it. So, now what? The creative process is one thing; the business side is an entirely different animal. Don't worry. As an entrepreneur,...
Where Do Great Ideas Come From? Examining the Design Thinking Behind Fitbit
The following is excerpted from "How We Make Stuff Now: Turn Ideas into Products That Build Successful Businesses" by Jules Pieri, p. 13-17 (McGraw-Hill Education April 23, 2019). No company or client wants to produce products for yesterday, or even today. They want “Wayne Gretzky” outcomes—products that fulfill where the demand is going. Great product ideas...
Do Inventors Need 3D Designs or Prototypes?
If you are an inventor in the early stages of development (you don't have finished samples) and you are looking to sell or license your invention to a company for ongoing royalty payments, you will more than likely need some form of prototype or design to showcase your invention to prospective companies. In reality, most...
Can You Earn Royalties On Your Invention?
Believe it or not, it’s not as hard as you may think to land a royalty deal on a product invention…provided you have a truly “good” idea to start with, and you have some important steps completed before approaching companies. To begin, let me step back and explain what I mean by “royalty deal”, which...