Product Development

Product Development is an area that most of the women starting up their businesses take for granted. They assume that they are aware of all that is needed to know to make their goods.

Not true ... remember, in business assume nothing ... work out everything in detail. We will add a 'how to' series soon where we will cover specific trades ... again from the knowledge of real entrepreneurs.

This is a very vast field and will be covered in time. A general overview is presented here for the basic guidelines.

As you embark on this phase, make a checklist as the first thing you do. The checklist should comprise of:

1. raw material required;
2. people required and their skill levels;
3. machinery required to manufacture;
4. category of things or the 'range';
5. specifications for each item;
6. time required for each process;
7. finishing time;
8. plan for contingencies;
9. packing, if required;
10. shipment date.

Now make a storyboard - put it all on paper. You can make it in such a way that it can serve as a presentation board.

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