Next Step Prototypes?

I will pick up from the point that you have your target market and have done meaningful market research.  Then you develop as good a prototype as possible with your available resources. Building a prototype can be the first expensive step in your product development.  You may need some investments to pay for your prototype. 

Family and friends are often the best place to start for some small investments. Some of them may already know about your product, maybe have been encouraging you, and now may be the time to ask for some investments. As Bill Aulet has repeatedly stated you want to be upfront about the risk of investing in a new product, especially if you hope to keep good relations with your family and friends.

Was this article helpful?
0 out of 0 found this helpful



This website and all posts and content are intended for educational purposes only and for no other purposes including without limitation commercial purposes. Any other use must give proper attribution to the Martin Trust Center and is subject to certain legal rights contained in our license and terms of use. See full legal disclaimer HERE.

The content in this knowledgebase is subject to a non-exclusive license with share-alike restrictions and the terms of use of this site – which is available for your review HERE.
Have more questions? Submit a request

Comments