Tag: Fear of Failure

Opinion

The Top 10 Reasons That New Products Will Fail Next Year

While we’re all for positivity here at Innovolo, we also appreciate the benefits of looking at failures to inform future success.

That’s why we’ve compiled this list of the top 10 most common reasons that new product ventures fail. If you’re in the early stages of product design, be sure to use these lessons to inform your roadmap to launch!

Lack of Product Necessity

Before going any further, ask yourself: is there a need for my product in the market? If not, then it won’t sell or succeed no matter how much effort or investment you put into it. This … Read More »

Read More »
Opinion

Who’s Afraid of the Failure Crocodile?

“If you want to succeed, double your failure rate”- Thomas J. Watson

We tend to look at failure like a hungry crocodile; dangerous, destructive, and something to avoid at all costs! But…embracing failure can become your business’s competitive advantage. Build a culture that celebrates mistakes! If you’re never failing, you’re probably never really winning either.

Use failure to set the foundation for how you approach everything you do.

If you are daintily tip-toeing around the Failure Crocodile and find everything you do is working, well, then you most certainly aren’t taking enough risks. And probably in that zone which is … Read More »

Read More »
Tips and Tricks

3 Easy Tricks To Ensure New Product Success

In our everyday business at Innovolo, we talk with all sorts of people and hear all kinds of ideas for new products. New product success for our clients is front and centre of everything we do.  Some ideas (okay, lots) are non-starters while others have the potential to do well. Every now and then, we even hear an idea that is destined to be a wildly successful game-changer.

The thing that many entrepreneurs, visionaries, and new product developers fail to realise is that whether your product idea is okay or revolutionary, the principles for how to get there are the … Read More »

Read More »
Innovolo - When Times are Tough, Innovate Like You Never Have Before - Product Ideas - Innovation - NPD
Opinion

When Times are Tough, You Need To Innovate Like You Never Have Before

Six years ago, Jane started a shipping and logistics company. Back then, she had two trucks, two drivers, and a rented warehouse. Today, she employs dozens of people, ships products all over the UK, and has a growing list of clients. It took a lot of Jane’s hard work to get to where she is.

For the past few months, Jane has been researching innovative technologies in the shipping and transportation industry. She has a dream of adding the latest GPS technology into her trucks. It will help her business operations be smarter and more proactive.

The new systems provide … Read More »

Read More »
american go signal traffic lights
Feasibility

To Do or Not To Do? That Is The Burning Question Facing Businesses Like Yours Right Now

Most of us have a dream product or two and wants to expand it or reach that next level in a clever and powerful way.

Doing that is not going to be easy, but with the right approach we can totally deliver the results and value you always wanted. It all comes down to understanding the scope of your product and how can you make it a reality in a professional manner. And that’s where the New Product Feasibility Study comes into play.

What is the New Product Feasibility Study?

This is a service we created for our customers and … Read More »

Read More »
Finance your NPD Development Costs with Innovolo
Finance

Gwen Has Just Nailed The Development Costs For Her New Product Development Idea!

Gwen Naylor was a small business owner based in London who experienced a major loss in revenue due to the recent Extinction Rebellion protests.

She quickly realised that she would need to increase her product offering to avoid the risk of it happening again.

Three weeks later while out on her morning jog, she had a eureka moment.  A fantastic new product development opportunity popped into her head.  This would help steer her business in a new direction with her existing customer demographic and beyond.

Gwen heard about the Innovolation Framework from one of her friends up country, and thought … Read More »

Read More »
Sales - Marketing - Innovation - Light Bulb Ideas
Opinion

Innovate or Die! How you gonna survive?

Let’s face it, you don’t want to die, do you?

So, every day, you do things that are going to prolong your life – you eat, you drink, you exercise (or should do!)….the list goes on. The fact remains, from the minute you get out of bed, you start doing tasks that sustain life, mostly subconsciously.

So, if you’re in business seriously, how long do you want your company to survive?

Are you feeding it properly, not only with the right customers, but with the food it needs to grow and prosper, such new innovations and new products?

Look at … Read More »

Read More »
Share on facebook
Share on twitter
Share on linkedin

Most Popular:

Upcoming Events

"As much as you can eat" Innovation
Let us show you how