Share
The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial t ...
…
continue reading
Manage episode 522830259 series 2919180
Content provided by Sofeast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sofeast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Adrian is joined by Sofeast Group Head of New Product Development, Paul Adams, to unpack the brutal truth behind the question: “Can you actually afford to manufacture your new product idea?”
They bust some of the most dangerous myths (like “MOQ × unit price is my total cost” and “we’ll fix reliability later”), then walk through Sofeast/Agilian’s 6-phase NPI process for electromechanical products and show how your budget is really consumed; from feasibility and prototyping through to tooling, pilot runs, and mass production. If you’re planning to launch a new product, this episode is your reality check and roadmap.
Episode Sections:
- 00:00 – Intro & who this episode is for
- 07:02 – Mythbusting: YouTube & “$10k product launch” myths
- 12:13 – The Sofeast/Agilian 6-phase NPI process
- 21:18 – How your budget is split across the phases
- 29:00 – What to expect in each phase & readiness checks
- 37:31 – Tooling, NRE, and why half a tooling budget is worse than none
- 43:42 – Budgeting properly and adding contingency
- 45:21 – Call to action & how Sofeast/Agilian can help
Related content...
- How to Calculate the Cash Needed to Prototype & Launch your New Product
- Why does new product development take so long?
- What is an NRE Cost (Non-Recurring Engineering)?
- 10 Factors Affecting Electronic Product Design Costs
- Costs and Milestones to go from Product Concept to Market?
- The New Product Development Process in Electronics
- New Product Development In China: 4 Tips To Go Faster
Get in touch with us
-
- Connect with us on LinkedIn
- Contact us via Sofeast's contact page
- Subscribe to our YouTube channel
- Prefer Facebook? Check us out on FB
109 episodes
))
