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We have written all these topics to help you further understand the Invention Process and what you can do to reduce mistake and keep costs low.

March 25, 2015

How much will manufacturing cost me?

Manufacturing cost is an important step to consider when you decide to go ahead with your idea, taking the first steps of the invention process. When you decide to order the tooling and proceed into the manufacturing process, you should take adequate time to calculate how much the manufacturing cost will be. Below, I have provided two examples to show you the best method to calculate the manufacturing cost for your new product. Example 1 For this example, I will use typical values for a part that is no larger than your hand. The part is made from plastic and […]
March 25, 2015

Inventors and Accountancy

Everyone has to do it; yes, even you. Keeping your accounting books up to date is vital to ensure your success and legitimacy in the world of business both now and for your future. Accounting, which is also commonly known as bookkeeping, is a necessary business practice that establishes your credibility while ensuring the maintenance of your budget by closely monitoring expenditures and profits. Generally, if you have any shareholders, partners or investors, they can legally request to view the business’s accounting books at any time with little notice. Providing this information quickly and transparently is the greatest acknowledgement that […]
March 21, 2015
Albert Einstein Quote 1
Creativity is intelligence having fun. – Albert Einstein
March 20, 2015

Don’t Rush Your Invention

Ensuring that your invention is going to be the best it can possibly be requires time. Do not rush the process as each step is pivotal in the overall success of your invention. A forced invention is more likely going to be a failure. Why? Forced inventions often fail to consider all aspects and factors of the market and its presence within that market. Presumably, you likely have a full time job that demands much of your time. In addition to work, you also have a life that requires spending quality time with family, friends, pursuing hobbies and dreams. Because […]
March 20, 2015

What is Rapid Prototyping?

Rapid prototyping is the process that is used to generate an exact replica of your invention or concept prior to getting your idea manufactured or even designed. There are several reasons why rapid prototyping is beneficial but, the main reason is to save you money. Yes, that’s right. Rapid prototyping can save you money! Although rapid prototyping does incur some costs, the amount of money that you would save in the long run will be more than worth it. Imagine going ahead with the manufacturing process without a prototype only to discover that when you receive your first shipment, there […]
March 20, 2015

Quality Control Management

Quality Control does not get near enough attention as it should with smaller companies and inventors as it does with larger companies. Larger companies make it their primary concern to ensure that quality control is in place while, on the other hand, smaller companies focus more on sales, marketing and distribution. Smaller companies are typically more concerned about making money, which leads to ignoring the importance of quality control over their product. When the focus is placed on sales rather than quality, customers may receive defective parts, which results in loss of money and even reputation. As usual, it comes down to […]
March 20, 2015

Advanced planning for Quality Control

When is the best time to plan for the quality control of your manufacturing process and product? It is best to start planning for quality control during the design phase of the product to work proactively to resolve potential defects or issues throughout the process. Design for Quality Control If your designer is as experienced as they say, then they should thoroughly understand and be able to explain the manufacturing process that they plan to use with your design. Knowing the method then allows you to have a better understanding of potential defects in addition to where and why they […]
March 20, 2015

Accept Payments Online

Are you scratching your head and wondering how you can accept payments for your product? How will you accept cash from a customer across the country? How can you process credit or debit cards? What are the risks involved? You should be considering how you will sell your idea in an online marketplace such as eBay or Amazon or, if you are going to sell your product directly on your own website. If you choose to sell on a marketplace website, you have little to worry about in terms of accepting credit card details as all of this is built […]
March 15, 2015

Inventing and the Environment

As with any new invention, there is genuine excitement in finalizing the design, completing the manufacturing process, and finally seeing the product on store shelves. However, throughout the entire process, it is vital to always consider how your product will impact the environment. Here are some questions to consider: • Will it have a negative or a positive effect? • Is the product environmentally friendly? • Is the product packaging environmentally friendly? • What are other methods to improve the impact of my product on the environment? • Is there room in my budget to allow for eco-friendly packaging or […]
March 13, 2015

Angel Investors and Venture Capitalists: What’s the Difference?

Venture Capitalists: The Basics Venture capitalists, as we mentioned in a previous article, are typically part of a larger investment firm utilizing a large pool of capital to take investment risks on start-up companies or those seeking to expand in the market. These individuals are often protected by their firms which, as a result, take larger hits when investments turn south and, vice versa when investments are successful. Venture capitalist firms can vary in size and knowledge, often providing a diverse range of industry experience with a focus on business management and marketing, networking and portfolio management. Venture capitalists often […]