If at all possible, you need to find a way to incorporate at least some recurring revenue into your hardware business model.
Recurring revenue adds stability to your startup, improves your cash flow, fosters long-term customer relationships, makes your company … read more
Learn from an expert in product market validation why it is so important to validate your product idea before developing the actual product. You will also learn how to harness Facebook advertising to prove the appeal of your product, and to identify who exactly is willing to buy it. ... read more
In this article we discuss profit margins and retail pricing, how they are different based on where you sell your product, and why retail price consistency is important. ... read more
Learn about the pros and cons of the top accelerator/ incubator programs that are designed to mentor startups and provide access to funding sources. ... read more
This case study follows the wildly successful Kickstarter and Indiegogo campaigns for the hardware startup UVMask. Learn how they leveraged timing, smart advertising, and even a graphic design blunder, to raise over $5 million in funding. ... read more
In this interview I speak with Mike Morena who is a mechanical engineer that co-founded a successful pharmaceutical device company. ... read more
Startup incubators and accelerators are two types of programs that support new companies in their early stages of development through mentoring, networking, resources, and funding. We’ll explore the differences between the two and their pros and cons. ... read more
In this article you will learn about the tradeoffs between funding your own product development (Western model) and partnering early with a Chinese manufacturer to develop your product (Eastern model). ... read more
In this article I discuss how to successfully use outsourcing to fill in gaps in your expertise while maintaining effective oversight. ... read more
Miguel Hernandez is the co-founder of Palocam, which manufactures a pole-climbing camera for recording sporting events from above. The following is a conversation between John Teel and Miguel where they discuss everything from product development to crowdfunding. ... read more
One of the best ways for hardware founders to overcome many of the problems they face is to get experienced advisors as soon as possible. ... read more
The most dangerous mistakes are the ones you make but don’t discover until much later – many times too late. Here are 5 of the most impactful mistakes you can make that have serious long-term consequences. ... read more
In this guide we take a close look at exactly what is required in a provisional patent application. Even though it is simpler than a full patent, a PPA still requires a number of steps and documentation. ... read more
Many entrepreneurs ignore marketing their hardware product until after development is finished. In this article you will learn why this is a mistake, and instead how to market your product concurrently while you develop it. ... read more
Finding investors and/or co-founders for your startup is never easy, but in this article you will discover what it takes to get them interested in your project. ... read more
We often think failure is the end point. However, product development failure is actually essential to create better products and stimulate stronger innovation. ... read more
The business model you select will determine how much revenue you can generate, how quickly you can scale up, and ultimately how valuable your startup will be to investors. ... read more
Follow these 5 initial steps to greatly increase the chances that you develop and sell a successful, profitable product. ... read more
Discover seven strategies to get your new product developed regardless of your technical skills. There is at least one strategy for everyone. ... read more
There is an accepted method of failing when it comes to developing something new and the phrase is “fail fast.” Startup culture is synonymous with this phrase and for good reason. The fail fast method for hardware is a bit of a different story. ... read more
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