Prototype vs. MVP vs. PoC

Prototype, MVP (Minimally Viable Product) and PoC (Proof of Concept) often get lumped together as one thing. This is understandable because each is an early version of a product; however, that is about all they have in common. Understanding this difference is important. Pre-Production Prototype A pre-production prototype is what you would imagine any prototype… Read More

Employee vs. Contractor vs. Company

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

Product Development Path to Success

A good RD is an essential first step in any product development project

“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

First Step to Creating a Great Product

A Requirements Document (RD) is the first step to creating a great product. Because it is the first step, an RD has the greatest leverage of all product development activities. A small error in the direction at this stage can make a big difference in where the product ultimately ends up. Good is the enemy… Read More

How to Tell if Your New Project will be Successful

Planning for a successful product

At Finish Line PDS, our success is tied to our customers’ successes.  Indeed, one of the most valuable services we offer IS success. By working with Finish Line PDS, our client businesses can greatly increase their likelihood of success. In our daily doings, we all habitually speak about success at a micro level, e.g., success… Read More

Different Ways to Pay for Product Development

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

How to Destroy a Startup

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