Electronic Hardware Startups: How to Save Money and Reduce Risk
Article Technical Rating: 7 out of 10
Bringing a new electronic product to market is generally difficult, risky, and expensive. To succeed, and make it to eventual profitability, you need to focus your early efforts on minimizing risk and cost.
Of course, nothing is ever free and even reducing your risk and lowering development costs has a price. That price is usually either a longer development time, or a higher unit cost. A higher unit cost means lower profits. Obviously profit is hugely important, but not when you’re first getting started.