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
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
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
“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
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
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
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
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