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The goal of the Project Business Plan is to give insight in the business case and convince stakeholders in your organization or business why this new product is such a great idea.
When you have this Project Business Plan approved, everyone is on board of your new project and you can start with the actual product development, appoint resources and organize the project kick-off.
Because I know youâre busy, Iâve created something special for you. A free monthly project template training. Because I know from experience, using easy to work with templates as project manager brings efficiency, overview and more control. My free monthly training will support you in using 'done for you templates' to manage your projects, so you don't have to invent the wheel.
In this free monthly training, you'll learn:
âą How and when to use the 'done for you' template in new product development.
âą FREE download of the templates
âą Every month you'll learn a new project template.
Free training: every 4th week of the month on Friday at 15:00 CET. You'll receive the invite via a separate email.
You can apply what you learn immediately in your daily activities.
Sign up by clicking here!
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Hello and welcome to a new episode of my show and today I would like to talk to you about when the best time is for you to create samples of your new product idea.
And I've learned in the past 20 years in my roles as a project manager and product manager in new product development projects, that when you decide to spend money too soon in creating product samples, you often throw away that money immediately.
Let's spill the tea on how to avoid this and stay within your development budget. Listen now!
To help you get started in adding efficiency to you business, I have created a FREE Excel Adjustable product development template for you.
You can download it for free here!
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Fehlende Folgen?
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I'm so happy you're here!
If you are working on a new product idea, you want to make sure that you deliver the correct product on time at the right price to your customer. Taking into account the travel from the manufacturer to the warehouse to your customer. There are a lot of moving parts and a lot of things that need to be taken care of.
Some tips I'm going to share with you today is how I'm managing the development of new products myself when I work for corporate companies. And they can be translate to a smaller product-based businesses as well in a much leaner way.
Follow the same principles and the same way of working but make it practical and easy to do.
I also have a free template for you to get you started. It's a free Excel adjustable product development planning template for you.
Go ahead, download it for free here! It will save you a lot of time!
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Hey there, and welcome to a new episode of my show. And today, I'd like to talk to you about why it's important to have systems and processes in place in a new product development when you want to scale or grow your business.
And even if you don't have a product business yet, still, it is still wise to have project and management processes and product development systems in place. It will save you a lot of time during development and your processes are professional from the start of your business. Who doesn't want to do spend less money and waste less time if possible?!
I love to help you get started fast. Download my FREE Adjustable product development planning in Excel on my website
Click here for your free download!
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For those of you who are doubting whether you should start a physical product-based business, keep listening because Iâve got you. I know that it's sometimes scary to start something new and to invest a lot of money in your new business idea or your new product idea.
Because new product development can be complex and has a lot of moving parts, you should always create a project plan. Because when you have a well-thought-out plan, you feel confident and in control. You have a clear overview of all your resources and all the activities that need to be done from product idea, through specification, development, manufacturing, and launch. And this makes the chance of a successful product launch so much higher. And this is what you're looking for, right?
In addition, it's very important that you use tools and templates that help you really master your new product development, be in control and feel certain that you can do a good job in managing the project team working on your new product.
I love to help you get started fast. Download my FREE Adjustable product development planning in Excel on my website
Click â hereâ for your free download!
So here we go!
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When you want to determine the selling price of your new product, you need to consider the production cost, the competition, and the target market.
There are many factors that influence your final selling price and profitability of your new product.
If you want to have a profitable product you need to carefully calculate the total costs to get from product idea, through, development, manufacturing, shipment and launch.
Letâs dive in how you can determine the selling price of your new product.
If you feel you need some help in implementing a step-by-step process to get from product idea to launch in your product-based business, sign-up for the Product-Based Business Hub.
THE membership for entrepreneurs and product-based business owners where youâll feel supported when developing your own products.
Think of product development blueprints, project & product strategies, masterclasses, templates and Q&Aâs that are waiting for you.
Connect with like-minded souls in the membership community. Iâm preparing something great for you! More info is coming your way very soon!
Click here to sign-up now and get inspired soon!
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Are you thinking about manufacturing your own product idea? Thatâs amazing! There are various ways to do this. Outsourcing the manufacturing to a third party or manufacturing it yourself. White labeling your product or private labeling? It depends on objectives and resources which way is the best one for you. Letâs get into more of the details on how to develop and manufacture your own product.
Developing your own product refers to the process of creating a new product or service from scratch. This involves identifying a need or problem in the market, designing a solution, and then bringing that solution to life through research, development, and testing.
Developing your own product can be a lengthy and challenging process, but it can also be incredibly rewarding if the end result is successful. It requires a combination of creativity, technical skills, business acumen, and perseverance to see a product through from concept to launch.
Tune in to grab all the details and get tips to help you make decisions and get started with a new product idea.
If you feel you need some help in implementing a step-by-step process to get from product idea to launch in your product-based business, sign-up for the Product-Based Business Hub.
THE membership for entrepreneurs and product-based business owners where youâll feel supported when developing your own products.
Think of product development blueprints, project & product strategies, masterclasses, templates and Q&Aâs that are waiting for you.
Connect with like-minded souls in the membership community. Iâm preparing something great for you! More info is coming your way very soon!
Click here to sign-up now and get inspired soon!
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Product-based businesses can scale and grow through a variety of strategies. One approach is to expand your product offerings to appeal to a broader customer base.
If you want to expand your offerings as product-based business owner you need to come up with new product ideas. New product idea generation is crucial in this phase for various reasons.
Firstly, it helps you stay competitive and relevant in your market by continuously offering innovative and unique products that meets your customers' changing needs and preferences.
Secondly, it allows you to expand your product line and cater to a larger customer base, which can increase your revenue and profit margins.
Additionally, new product ideas can also help you differentiate from your competitors and establish a distinct brand identity. Therefore, investing in new product idea generation is essential for the long-term success and growth of your product-based business.
Tune in this episode to get more tips and strategies.
STEP-BY-STEP PRODUCT DEVELOPMENT PROCESS IMPLEMENTATION
If you feel you need a step-by-step process to implement a product development process in your product-based business, sign-up for the Product-Based Business Hub.
THE membership for entrepreneurs and product-based business owners where youâll feel supported when developing your own products.
Think of product development blueprints, project & product strategies, masterclasses, templates and Q&Aâs that are waiting for you.
Connect with like-minded souls in the membership community. Iâm preparing something great for you! More info is coming your way very soon!
Click here to sign-up now and get inspired soon!
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Setting your new product development team up for success requires careful planning and execution.
First, you need to establish clear goals and expectations for your team. Whether your team consists of your own staff or external hires or contractors, clarity here is key.
This includes defining the product vision, target market, and desired outcomes. letâs dive into the details on how to set your new product development team up for success.
Do you like to get the show notes of this episode? Click the link below and head over to my blog article with all the nuggets.
https://bureauflo.com/2023/07/03/how-to-set-your-new-product-development-team-up-for-success/
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Having systems in place is crucial for scaling your product business. Without them, you may face various challenges such as inefficiencies, inconsistencies, and errors. This can hinder your growth.
Systems help automate processes, standardize procedures, and establish clear workflows. They provide structure and organization. And enable you to increase productivity, reduce costs, and improve customer satisfaction.
Additionally, systems allow you to delegate tasks, freeing up your time to focus on strategic initiatives. This is why you need systems to scale your product business.
Ultimately, having systems in place can help you achieve sustainable growth and success in your product business.
Tune in to learn more!
If you like to get the show notes of this episode, head over to my blog for the full article by clicking the link below.
https://bureauflo.com/2023/07/10/why-you-need-systems-to-scale-your-product-business/
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The specific product samples required to move from prototype to final product will depend on the type of product being developed.However, some common samples that may be needed include materials samples to test for durability and quality, prototypes to test for functionality and design, packaging samples to test for protection and presentation, and user testing samples to gather feedback on the product.
It is important to identify the necessary samples early in the development process to ensure a smooth transition to the final product.
Tune into to this episode to learn more!
Free guide for you!
IF YOU WANT TO GET MORE INSIGHT IN THE 10 DECISIONS YOU NEED TO MAKE BEFORE YOU START DEVELOPING YOUR OWN PRODUCT, CLICK HERE TO DOWNLOAD A FREE PDF THAT WILL GUIDE YOU THROUGH THESE 10 STEPS.
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When you are developing a new product, itâs important to consider various resources that can help ensure its success.
Some of the resources to include in new product development include customer insights, market research, product design and development teams, funding, and manufacturing capabilities. Itâs also important to consider the availability of raw materials and the potential for intellectual property protection.
By carefully considering these resources, you can increase the likelihood of developing a successful new product.
Tune into this episode to learn more.
FREE GUIDE FOR YOU!
IF YOU WANT TO GET MORE INSIGHT IN THE 10 DECISIONS YOU NEED TO MAKE BEFORE YOU START DEVELOPING YOUR OWN PRODUCT, CLICK HERE TO DOWNLOAD A FREE PDF THAT WILL GUIDE YOU THROUGH THESE 10 STEPS.
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When youâve got a great new product idea in mind and youâre ready to start with the development and manufacturing, there are a few important actions to do first before jumping full in. I like to share 4 tips with you how to organise your product-based business.
You want to make sure you can always find the documents relating to your new product idea quickly. Spending minutes searching for documents or for the latest version of a document is not how you want spend time. Especially in the beginning of your product development, documents will be shared, reviewed, and updated multiple times. This process should be done efficient and in a structured way, so everyone is working with the latest data.
Tune in to this episode to learn more.
Looking for more information on how to do this? Join me in my free monthly project management training for product-based business owners.
Click here link to sign-up.
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When I worked as product manager and project manager for large organizations, I was often wearing the âproduct creation hatâ and at the same time the âproject management hatâ during a new product development project.
When youâre a business owner of a product-based business, youâre probably wearing these two hats as well. Here are some tips on how to apply project management as a product-based business owner when youâre developing new products.
If youâre looking for a great template to capture your meeting action points, click here to download my free template.
If you feel you can use a little help creating project management templates, coming up with a logical project structure for your product-based business, sign up for my weekly project management tips for product-based business owners by clicking here.
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When you start new projects, you often can carry out your activities based on routine and experience. You know very well how to start a new project, how to create overview and how to organize your daily project activities and the ones of your project team.
But when youâre starting something completely new, it can feel a bit vague at the beginning. Iâll give you some tips on how to start a project in an area thatâs completely new to you to create structure and overview form the beginning.
WHEN YOU CANâT RUN ON YOUR EXPERIENCEItâs easier to have a smooth project start when you can rely on your experience in managing projects. But if you start with something completely new, it can be helpful to create a high-level overview of what you think should be set-up and structure of this new challenge.
Tune in to learn more!
I have a FREE Excel template for you to get started with your project action list.
Click here to get your free download.
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When youâre managing multiple projects, your to-do list can be overwhelming long. To make sure you donât overlook an important action point, I have 3 strategies to make sure you keep overview on all your project actions.
Tune in to hear the details!
Hope these strategies to make sure you keep overview on all your project actions, are helpful to you!
Go get organized!
I have a FREE Excel template for you to get started with your project action list.
Click here to get your free download.
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When you have a great new product idea, you probably can't wait to get started with the development and introduce it to your customers.
Before you go full speed ahead, it's wise to spend some time writing a project briefing. In this briefing you define how you're going to execute this project from start to finish. How much time it takes, how much budget you need, but also which disciplines you need to make this project a success.
In this episode I'll share some tips on what to include in your project briefing, so you'll be better prepared and equipped with the right resources when you start developing your product.
Tune in to learn more and get some hands-on tips!
To make your project management activities more efficient and easy, I've created a FREE template for you to help you manage multiple projects. By using this template you can see in once glance which project is behind schedule or over budget.
Click the link below to get your free copy!
Yes! Give me the Excel template!
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There are lots of moving parts in going through the product development process of a new product. It can be very complex in going from product idea through defining your product specifications, getting your product developed, manufactured and in stock.
Having a solid, hands-on and practical project management system in place, will help you reach your project goals and contribute to the overall business goals.
Tune in to learn more and get some hands-on tips!
To make your project management activities more efficient and easy, I've created a FREE template for you to help you manage multiple projects. By using this template you can see in once glance which project is behind schedule or over budget.
Click the link below to get your free copy!
Yes! Give me the Excel template!
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Are you growing your business by developing multiple products and expanding your product range but you donât know where to begin?
Maybe you need to hire some people in your business to make sure that you go from idea through definition, development, manufacturing, and launch in an efficient way.
And if you've always done everything on your own, it can be difficult to get your new team members to operate in a similar manner.
Here are the 3 Strategies To Teach Your Team How You Want Them To Work In Your Product-Based Business.
I'm doing a FREE training on Project Management for Product-based businesses. Click here to register:
While you're here, grab my free PDF guide '10 Hack on how to Successfully Develop New Products'.
And sign up for weekly Product Business Inspo by clicking here.
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In this episode, we're going to talk about five tips on who to involve in the product requirements process.
First, let's start with some explanation of why it's so important to have a product requirements process in place. First of all, if you do not have this process in place, you run the risk that during development, product requirements keep on changing, because you didn't involve the right people on time when you were specifying your new product requirements.
And of course, this disrupts the development process and is causing cost increases and delays of your product launch. And this is not what we want. So, therefore, it's important at the beginning of a new project to involve the right disciplines and the right experts in defining your new product requirements.
For the show notes, head over to my blog by clicking here.
While you're here, grab my free PDF guide '10 Hack on how to Successfully Develop New Products'.
And sign up for weekly Product Business Inspo by clicking here.
Tune in for the tips on who to involve!
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