From Product Idea to a Thriving Business

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 you’re busy, I’ve 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:

•How and when to use the 'done for you' template in new product development.

•FREE download of the templates

•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!

Hello and welcome to a new episode of my show and today I would liketo talk to you about when the best time is for you to create samples of your new productidea.

And I've learned in the past 20years in my roles as a project manager and product managerinnew 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!

I'm so happy you're here!

If you are working on a new productidea, you want to make sure that you deliver thecorrect producton time at the right priceto your customer. Taking into account the travelfrom the manufacturerto the warehousetoyour 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 betranslate to a smaller product-based businessesas well in a much leaner way.

Follow the same principles and the same way of workingbut make it practical and easy to do.

I also have afreetemplatefor youtoget you started. It's a free Exceladjustable product developmentplanningtemplate for you.

Go ahead, download it for free here! It will save you a lot of time!

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 stillwise tohaveproject and management processesandproduct development systems in place.It will save you a lot of timeduring developmentand your processes areprofessional from thestartof 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!

For those of you who aredoubting whether you should start aphysicalproduct-based business, keep listening because I’ve got you. I know that it's sometimes scary to start something new and to invest a lot of money in your new businessideaor your new productidea.

Becausenew product developmentcan 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, youfeelconfident and in control. You have a clear overviewof all your resources andall the activitiesthat need to be donefrom productidea,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,bein controland feelcertainthatyou 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

Click⁠here⁠for your free download!

So here we go!

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.

Let’s 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 you’ll feel supported when developing your own products.

Think of product development blueprints, project & product strategies, masterclasses, templates and Q&A’s that are waiting for you.

Connect with like-minded souls in the membership community. I’m preparing something great for you! More info is coming your way very soon!

Click here to sign-up now and get inspired soon!

Are you thinking about manufacturing your own product idea? That’s 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. Let’s 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 you’ll feel supported when developing your own products.

Think of product development blueprints, project & product strategies, masterclasses, templates and Q&A’s that are waiting for you.

Connect with like-minded souls in the membership community. I’m preparing something great for you! More info is coming your way very soon!

Click here to sign-up now and get inspired soon!

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 you’ll feel supported when developing your own products.

Think of product development blueprints, project & product strategies, masterclasses, templates and Q&A’s that are waiting for you.

Connect with like-minded souls in the membership community. I’m preparing something great for you! More info is coming your way very soon!

Click here to sign-up now and get inspired soon!

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. let’s 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/

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/