Product entrepreneurs all face the same challenges. Those who succeed recognize they need to visualize themselves in the product development business, structuring an enterprise, generating a business plan, protecting intellectual property and then seeking industry partners and investors to bring the product to market.
In the process, copyrights, patents and royalty issues may come into play and development and distribution agreements are formed. Pricing is finalized based on cost and expense projections and competitive factors unique to the company as negotiation results are achieved with industry teaming partners, developers, manufacturers and distributors.
Financing is always a factor and can be achieved through loans or investors with a good business plan. The following article contains the basic elements of a framework within which to succeed with your product development. Although geared for U.S. government contractors, the generic content may be useful to you. ******** https://www.smalltofeds.com/2010/06/techniques-for-product-development-in_01.html ******
Posted 1 month ago