We often get calls asking if we can design a prototype, or have we ever worked with the X Y Z technology? After a few probing questions, what we learn is that this company needs a product developed, not a prototype designed—at least not yet. Developing a product is different than designing a product or… Read More
I got a call from an engineering friend of mine. He just moved to a new city for a new job. He writes firmware for a small company. Reason for the call? He is bored and wondered if we had any projects he could work on. Good engineers love their jobs and hate just sitting… Read More
“If you don’t know where you’re going, any direction will do.” Lewis Carroll, Alice in Wonderland We are often brought in to help with troubled product development projects that are not progressing as expected. You might expect that the reason for the lack of success would be because of the team’s poor technical skills and… Read More
The most common inquiry we get from startups is “when do I use a company versus a contractor, versus an employee?” Our research has concluded that getting this question right correlates with startup success, and getting it wrong often leads to startup failure. So, what is the right answer? Employee: – The… Read More
Does it ever seem like the last 10% of the project takes 90% of the time? If you have had this experience, you are not alone. It happens all too frequently when trying to develop technology products in a small company. Managing a project with several different engineers, all with their unique areas of expertise… Read More
I never met a startup that was not positive they would succeed. Indeed, overconfidence is a necessary talent for becoming an entrepreneur; if only it was a sufficient one as well we would not see 95% of startups fail. All entrepreneurs believe in themselves and their company; but in far too many cases, these same… Read More
“The future ain’t what it used to be.” Yogi Berra Sometimes product development projects do not live up to their initial promise. Knowing when to shut down a project can be an essential ingredient to success. Most new product ideas start with high expectations, but over time, some start to fade. Worse, this process often… Read More
We have a lot of interactions with CMs (Contract Manufacturers). These companies are amazing—they can do ten thousand things and not make a single mistake. Their business must work this way to stay competitive. Product development, on the other hand, is different. In product development, you are lucky if you do 10 things and get… Read More
The prototype is all done and it seems to work well. Now, how do you get the prototype manufactured reliably and at a reasonable cost? If you’re like a lot of small companies, this is not something you do all the time. Finish Line has done more than one thousand projects for more than 300… Read More
There are many more ways to pay for product development than you may realize, including not paying for it at all. What is right for your situation will depend on your exact circumstances. You may wish to review the following before starting your next product development project. 1. Employees: Most of us are familiar with… Read More