[Free] New Physical Product? "How To Do" Feasibility

TheSigmaSuite is a framework to save founders thousands during concept-commercialisation of a new physical product. – Free Course

Added on February 8, 2022 Business 2 min read

What you’ll learn

• Learn about what it means to conduct feasibility for your startup
• Learn about different angles and viewpoints when conducting feasibility
• Learn about the importance of treating feasibility as an ongoing assessment with MULTIPLE factors involved
• Learn about the biggest barrier when it comes to startups and founders and how to prepare for that barrier

Requirements

• Your product takes a physical form
• Your product encapsulates some form of end-user functionality (therefore disqualifying products like candles and/or food production)
• Your product AND business are both NEW

Description

Are you a founder of a new physical product?

We know what lies ahead, so we’re here to offer you the opportunity of professionally-led prevention.

Should you meet our pre-defined criteria, it would be unlikely that we cannot save you tens of thousands during the concept-commercialisation processes.

Thats just why we have spent years designing a standardised approach.

Our framework is a secure and robust pathway for you to follow, based on many years of experience in product-production, common patterns of real-life mistakes among founders and of course its foundation is in Lean Six Sigma (fear not: our framework is simple to follow and implement).

Based on experience, we know our framework saves the average start-up tens of thousands of pounds, IF you meet the following conditions:

• Your product takes a physical form

• Your product encapsulates some form of end-user functionality (therefore disqualifying products like candles and/or food production)

• Your product AND business are both NEW

• Your internal skillset is limited (as in most startups)

• You are the designer OR are outsourcing the design to a product designer

• Your product mix is of high (customer) demand and low (product) variation

• You personally acknowledge the value in professionally-led prevention

• Startups can access know-how and expertise through our framework; magic that would otherwise only be available by hiring a range of costly skillsets.

• Getting off on the right footing is so unbelievably important at this stage. Prevention is cheap and cheerful; cure can be crippling in every respect.

Author(s): Louise McHattie CEng ICBB