Return on Investment

Understanding Your Product Development’s Return on Investment

Understanding Your Product Development’s Return on Investment
Product development can be a lucrative investment. However, just because it can be rewarding doesn’t mean it’s not risky. Your return can depend on lots of factors that are beyond your control.

To get a better picture of product development, let’s look at the theory behind why inventions can be lucrative for your chequing account. Then, we’ll look at why governments and the private sector enjoy huge returns by funding inventions.

Last but not least, we’ll look at some examples of truly excellent returns enjoyed by entrepreneurs and inventors.

How to evaluate (and predict) your returns

You can evaluate whether … Read More »

The 10 Post-it Note Trick

A Whiteboard Sticky Notes used in a Ideation Workshop by Innovolo

Take 10 post-it notes, write the word “Invoice” on them and stick them throughout your office.  You can have a million ideas for new products, but they aren’t worth the paper they’re written on (or the head they’re stored in) until you’ve shipped them and actually got paid for them.

5 tips to get paid more: – Never stop investing in improving your skill set and understanding your client’s needs Understand that in 24 months from now, you should not be getting paid what you are today; if you improve your skill set it will be easier for you to… Read More »