Prototype or Crowdfunding. Which Comes First?

With the recent passage of the JOBS (Jumpstart Our Business Startups) Act, we have had an increased number of questions from people asking how to best get funding from crowdfunding sites such as Kickstarter and IndieGogo. Many of the discussions revolve around the basic question: Which comes first, the prototype or the crowdfunding? Basically, entrepreneurs with good product ideas are wondering if they should go out and seek...

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Best Tips when Designing a Product

Below are a few tips to consider when designing a product. These tips are based on years of experience from the Leardon team and are overall the best high-level tips to take into consideration as you begin your entrepreneurial venture into new product development. A good product development team consists of individuals from different disciplines with diverse goals, objectives, and perspectives. When at the stage of designing a...

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Seeking Investment To Fund Your Product Idea? Helpful Tips

A common question asked by start-ups, entrepreneurs, early stage engineering teams, inventors, and innovators early in the product development life cycle typically revolves around how to get early investment to develop their product idea and take it to market. This question is usually asked when the product idea is in the pure concept phase without intellectual property, prototypes, or business plans. In this stage, the product idea...

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What Your Prototype Says About You

Designing and fabricating prototypes during the product development life cycle is a critical part of the product learning process. Successful prototypes will prove that the product idea is feasible, will help qualify the engineering design, and are needed to receive customer feedback prior to producing higher production volumes. The interesting thing about a prototype is that it is an extension of you, your company, and the values of...

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Tips to Cut Product Development Costs – Part 2

In Part 1 of Tips to Cut Product Development Costs, three ways that innovators, entrepreneurs, start-up companies, and small/medium enterprises can be smart and spend the least amount of money throughout the product development life cycle were discussed. Here are the next three ways that entrepreneurs, innovators, or small companies can save money without cutting corners or skipping product development phases. Avoid Multiple Hand-Offs...

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