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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 »

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MacKenzie Johnson 10 December 2020 9:39 am No Comments
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 »

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Bronwynne Pallister 8 December 2020 3:59 pm No Comments
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 »

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MacKenzie Johnson 4 December 2020 4:59 pm No Comments
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 »

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MacKenzie Johnson 22 March 2020 9:06 am 16 Comments
american go signal traffic lights
Uncategorized

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 »

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Dexter Calvert 16 October 2019 6:35 pm 15 Comments
Finance your NPD Development Costs with Innovolo
Uncategorized

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 »

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Bradley Pallister 25 August 2019 3:45 pm 15 Comments
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 »

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Robin Pallister 29 November 2018 4:57 am 18 Comments
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What an easy experience! The product developed so fast and so trouble-free – I could snap my fingers, and it was done. Made me feel like a magician – until I saw the bill at the end of the month. That’s when I realised how much work had gone on behind the scenes. For the future, I will be watching the costs a bit closer – it’s just too easy to rack up big bills. To be fair, this was very transparent, and I had visibility of those costs all the way through – I just didn’t look at it, that’s all.

Having said that, the product is pretty well finished – so we can get it launched earlier than I thought possible. So maybe those costs were a good investment, because we all know how valuable it is to be the first to market.

Head of Innovation and Compliance

Construction Sector Innovation Lab

Innovolo is the most valuable business resource we have invested in to date. I strongly recommend any business owners interested in running a successful innovation initiative - whether you already have an R&D team or not - to seriously consider Innovolo's retained service model.

Director of Innovation and Development

High-Rise Façade Manufacturer

It is an excellent collaboration between our company, and the Innovolo team, and is working extremely well. I am very pleased with your chemists who clearly know what they are doing.

Product Development Director

Global Medical Products Manufacturer

We had a very tight deadline to bring a brand new product to market, and we couldn't have done it without Innovolo's expertise. Thanks again for delivering a high quality and essential project so quickly.

Product Development Manager

Industrial Services Equipment Provider

Innovolo's initial understand of our challenges and the need for a rapid ROI confirmed that we had chosen the right partners for this strategic redirection in the company's growth. We were pleased to see the high level of professionalism and collaboration evident from all parts of the team once we gave the green light, and this has given us the confidence to continue the NPD focus into 2021 and beyond.

General Manager

Global Lubricants Distributor

We used Innovolo for industry analysis with excellent results. Their attention to detail is great, and we appreciated their ability to quickly grasp not only the outcome we were looking for, but an understanding of the markets in which we operate. Highly recommended.

Managing Director

Global Temporary Shelter Manufacturer

Innovolo's Innovation-as-a-Service is outstanding, highly recommended, especially if you are already doing R&D in-house. Products will come to life about 5x faster!

Business Owner

B2B Business Development Strategy Consultancy

I would like to thank you and the team at Innovolo who have been working on developing a new product for us over the last 9 months. I have been impressed by your professional approach, the good reporting and documentation, and the resourcefulness of the team in overcoming technical challenges as they have arisen.

Managing Director

Innovation Lab

What an easy experience! The product developed so fast and so trouble-free – I could snap my fingers, and it was done. Made me feel like a magician – until I saw the bill at the end of the month. That’s when I realised how much work had gone on behind the scenes. For the future, I will be watching the costs a bit closer – it’s just too easy to rack up big bills. To be fair, this was very transparent, and I had visibility of those costs all the way through – I just didn’t look at it, that’s all.

Having said that, the product is pretty well finished – so we can get it launched earlier than I thought possible. So maybe those costs were a good investment, because we all know how valuable it is to be the first to market.

Head of Innovation and Compliance

Construction Sector Innovation Lab

Innovolo is the most valuable business resource we have invested in to date. I strongly recommend any business owners interested in running a successful innovation initiative - whether you already have an R&D team or not - to seriously consider Innovolo's retained service model.

Director of Innovation and Development

High-Rise Façade Manufacturer

It is an excellent collaboration between our company, and the Innovolo team, and is working extremely well. I am very pleased with your chemists who clearly know what they are doing.

Product Development Director

Global Medical Products Manufacturer

We had a very tight deadline to bring a brand new product to market, and we couldn't have done it without Innovolo's expertise. Thanks again for delivering a high quality and essential project so quickly.

Product Development Manager

Industrial Services Equipment Provider

Innovolo's initial understand of our challenges and the need for a rapid ROI confirmed that we had chosen the right partners for this strategic redirection in the company's growth. We were pleased to see the high level of professionalism and collaboration evident from all parts of the team once we gave the green light, and this has given us the confidence to continue the NPD focus into 2021 and beyond.

General Manager

Global Lubricants Distributor

We used Innovolo for industry analysis with excellent results. Their attention to detail is great, and we appreciated their ability to quickly grasp not only the outcome we were looking for, but an understanding of the markets in which we operate. Highly recommended.

Managing Director

Global Temporary Shelter Manufacturer

Innovolo's Innovation-as-a-Service is outstanding, highly recommended, especially if you are already doing R&D in-house. Products will come to life about 5x faster!

Business Owner

B2B Business Development Strategy Consultancy

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