Who Can Quickly Tell Me If My Product Dream Is Even Possible?

Is my dream even possible?

So, you have a Dream, it’s wild, it’s wacky, and it’s going to set the world on fire.

Your Dream is out there, it’s the next Dyson of inventions, and you can already visualise all your Distribution Centres around the country.

Life’s going to be good.
 
Or is it??
 
There are no rules out there to say you’re not allowed to Dream – nobody can stop you. In fact, my favourite quote is
“Think big and don’t listen to people who tell you it can’t be done.
 
The reality is, that whilst you may have this amazing Dream, to turn this into an actual tangible thing that people will buy, you have a lot of work to do. You need to determine whether it’s actually feasible, and whether you’ll get your ROI. I mean, it can be done, but do you have the resources to do it, and does the market even want it?
 
Regardless of who you are, whether you’re already a successful businessperson, or whether you’re not, whether you’re in business, or whether you’re not, whatever your situation, and whoever you are, it’s the same story. If you want to develop a Dream and bring it to market, you have no option but to conduct a Feasibility Study.
 
And if you’re not sure how to do one of these, or what is involved, there are experts out there who actually conduct these for you. They know when it needs to happen. They can help you take the right steps to ensure that if you do develop your Dream product or service, you’re going to get the absolute maximum ROI.
 
It is very important that when you conduct a Feasibility Study, that the correct steps are taken, in the right order. You can’t do one on the back of a fag packet and hope for the best.
 
They have to be carried out throughout the product life-cycle, not just before you launch.
 
If you engage with a professional company who can conduct this for you, you’ll end up with a report that you can hand to prospective investors, to give them the assurance that they’re going to realise some increase – this is absolutely critical. And if the report is prepared correctly, it will include the following;
 
  • Executive Summary
  • Description of Product / Service
  • Technology Considerations
  • Product / Service Marketplace
  • Suggested Outline Marketing Strategy
  • Organisation and Staffing
  • Schedule
  • Financial Projections
  • Findings & Recommendations
Some of this may have gone right over your head, you’re lost in the whirlwind of all the detail that needs to be gone into, and you don’t know where to start.  Your dream has become a nightmare…
 
Simply engage with a company such as Innovolo who can conduct this Feasibility Study for you and provide you with a Go /No Go Decision
IF Innovolation Framework - Systematised Creativity Methodology for New Product Development, by Innovolo
As part of the Innovolation Framework which means that your idea will be scrutinized, developed and tweaked in a systematic, structured and 100% confidential manner, Innovolo can provide some of this for you potentially free of charge if you ask us nicely enough.  
Get in touch with us now.
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[…] In order to successfully sell his brilliant idea, the most important step that Dave can take is to enlist the help of Innovolo. He’ll be able to relax knowing that his most valuable asset – his idea – is in good hands. Most importantly, he’ll enjoy the peace of mind that comes from industry experts working on his behalf to make his dream come true. […]

Innovation does require a lot of planning. Seeking the help of a professional company like Innovolo is always prudent.

So much goes into new product development. Sometimes it can actually get discouraging.

Product design is just one part of the entire product development cycle. I have learnt so many new concepts from this article. Thank you.

Some people may be good at problem solution but lack the skills to bring a product to actualization. Hiring a professional company to help is the perfect route for this group.

Any idea generation without proper feasibility study is destined to fail. Many thanks for the eye opening article.

We should never relent in our push to create ideas. Like Lupita Nyong’o said, our dreams are valid!

I have seen many new product ideas fail simply due to lack of proper planning. Every innovator should read this educative piece.

The most challenging part of innovation to me remains idea commercialisation. One needs all the help they can get.

Innovation in Cornwall can be improved if businesses hired services of companies that are good at feasibility studies. Let’s all strive for this!

One thing that can help foster New product development in the UK is if people came up with ideas that can be tangibly turned into money makers.

Everyone’s dream is possible. Having new product ideas is a good thing. It’s nice to know that there are companies like Innovolo to help business people to know whether their ideas are feasible or not.

As they say if you can dream may as well dream big. May it be a tangible thing such as Product design or something abstract whether it comes true or not it is up to you. So yes dreams are possible. With enough luck and hardwork it can and will be a reality.

I agree, new product development to turn an idea possible onto a product that people wants to buy is never eassy, it requires a lot of work but with the right asesory and effort it’s possible to make it true

Good to have a mind that can create ideas and also implement them. However, few people can do that. That’s where third party comes in.

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