The Most Expensive Mistake I Ever Made Was Hiring a Cheap Engineer
As I am sure you know, Finish Line only develops products for small companies. Just because you’re a small company does not mean you should hire a cheap engineer. In fact, doing so will likely end up costing you more.
To be clear, I am not advocating you hire an expensive engineer either, or that you necessarily hire Finish Line. I am advocating that you hire the right engineer – or engineering team for you, and the price is only one, and a relatively minor factor in deciding who to hire. The mistake to avoid here is choosing the engineer, or firm, purely on price. Proper fit will have a much bigger impact on ROI than price ever will.
First, let me state the price for engineering services (per hour) is virtually the same wherever you go – even overseas (we are a hybrid firm, so we use both). We do a lot of price comparisons, and it has always surprised me how close in price these services can be when you compare “apples to apples”. Given that it is a very competitive business, the law of economics would dictate such an outcome.
However, that does not mean that your cost to develop a product will be the same. The cost for any specific project can vary widely from “how did you do that” to “wow, that’s a lot of money”. This difference will be largely based on who you hire.
So if price is not a way to choose product development services, then what is?
Here’s a good place to start:
Successful Case Studies: View HERE
What type of Company are you? Read more: HERE
Where are the leadership and management coming from? Read More:
HERE
Stick to your knitting: Read more: HERE
What really determines product development cost? Read more: HERE
How culture can add cost to your project: Read more: HERE
Steve Owens – CTO Finish Line PDS A Better Way for Small Companies to Develop Products
Steve.Owens@FinishLinePDS.com
Ph: 603 880 8484
www.FinishLinePDS.com
94 River Rd | Hudson, NH | 03051
Comments