[mk_fancy_title tag_name=”h1″ style=”false” color=”#393836″ size=”28″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”center”]From Concept to Prototype [/mk_fancy_title]
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[mk_fancy_title tag_name=”h3″ style=”false” color=”#393836″ size=”24″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]A step by step guide [/mk_fancy_title]

[vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″]Product Concept – is the development of design options. There are many benefits such as allowing companies to explore definitions and ideas of a product. It allows firms to understand what customers want and in turn, understand and meet customer demands. [/vc_column_text]

[mk_blockquote style=”line-style” font_family=”none” text_size=”16″ align=”left”]you should think about what your company provides, and how this can be harnessed profitably[/mk_blockquote]

[vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″] Product Prototype – involves designing and creating a working model. This is particularly useful for gathering feedback, thus allowing companies to investigate design feasibility. Now with the stage set, we can look into a step by step guide from concept to prototype. [/vc_column_text]

[mk_fancy_title tag_name=”h4″ style=”false” color=”#393836″ size=”18″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”] Brainstorm Ideas. [/mk_fancy_title]

[vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″] To begin with, companies brainstorm ideas that they can produce using internal resources within their business. Ideas would include improving current products on the market, or inventing entirely new designs and ideas. At this stage, you should think about what your company provides, and how this can be harnessed profitably. In addition to this, a company would then proceed to repeat the process from an external viewpoint. What can current suppliers provide to your business that you can develop into profitable ideas?[/vc_column_text]

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[mk_fancy_title tag_name=”h4″ style=”false” color=”#393836″ size=”18″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]Research and Analyse Potential Suppliers and Customers[/mk_fancy_title]

[vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″]There are many ways to do this, for example, using online resources. Other ideas include using trade magazines and visiting trade shows. This is especially useful when looking for businesses within specific industries.[/vc_column_text]

[mk_fancy_title tag_name=”h4″ style=”false” color=”#393836″ size=”18″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]Credit Check The Potential Customers and Suppliers[/mk_fancy_title]

[vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″]A recommended website is Creditsafe. This paid service allows companies to set their credit amount based on court judgements etc. It reveals a company’s credit score out of 100 as well as their history in making payments on time. There are other means of checking businesses. Search their name with “fraud” or “scam” via Google’s search engine. The same applies with the leading figures of the business. Find out who the lead Executives are and search their name with the words “lawsuit” and “ftc” after them.[/vc_column_text]

[mk_fancy_title tag_name=”h4″ style=”false” color=”#393836″ size=”18″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]Analyse listed ideas[/mk_fancy_title]

[vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″]Finish off Product concept by asking Questions like “what do you like about the current market?” “What don’t you like?” Then ask why. As a result, business ideas would be clarified and allowing any poor ideas to be removed.[/vc_column_text]

[mk_fancy_title tag_name=”h4″ style=”false” color=”#393836″ size=”18″ font_weight=”300″ margin_top=”20″ margin_bottom=”10″ font_style=”normal” txt_transform=”uppercase” font_family=”none” align=”left”]Produce in Small Batch Quantities[/mk_fancy_title]

[vc_column_text disable_pattern=”true” align=”left” margin_bottom=”0″]Once you’re happy with your prototype, and you have targeted where you wish to make your sales, you are ready to begin production. However, many businesses make the mistake of producing large batch quantities. As a result waste is incurred. By producing in smaller batches your business can transition into profitably gaining customers and demand. It allows for tweaks and improvements to be made along the way, therefore helping to reduce inventory waste.[/vc_column_text]