Turning a Great Idea into Profit: 5 Questions to Consider
Speaking virtually at Winston Starts: SPARK Speaker Series, CEO Louis Foreman, shared five questions every entrepreneur or inventor should ask themselves before spending money on an idea.
Speaking virtually at Winston Starts: SPARK Speaker Series, CEO Louis Foreman, shared five questions every entrepreneur or inventor should ask themselves before spending money on an idea.
A typical story arc and the process of prototyping are essentially the same thing—the exploration of an idea. Enventys Partners explains how proper product development follows Freytag’s Pyramid of storytelling, also known as the dramatic structure.
Kudos for coming up with the idea, having the audacity to chase it, and spending hours prototyping and iterating to get it just right. A fully-funded campaign is a fantastic beginning to making your product real, but the work is not over. Enventys Partners explains the product development steps you need to take to fulfill your crowdfunding promise.
To stay safe during the COVID-19 pandemic, many are at home more and have found themselves with extra time on their hands. If you’re an inventor or have the urge to invent, now’s the opportunity to hone your skills and develop a worthwhile product. Enventys Partners explains four areas of prototyping expertise that will help you in your product development journeys.
As discussed in part one of our Bluetooth series, applications for the technology are endless and prototypers should consider including it in new products. In part two, Enventys Partners explores the wireless technology in more detail, looking at both “flavors”—Bluetooth classic and Bluetooth Low Energy (BTLE)—as well as exactly how Bluetooth devices communicate and some easy ways to prototype them.
Do you have an idea for a product? Maybe you’ve already sketched it out and have even started prototyping. Are you wondering if your concept could sell and turn into a profitable business venture? To help you determine if it’s worth pursuing, here are six factors to consider when initially evaluating the viability of your next product idea.
With approximately four billion Bluetooth products shipped last year alone, it’s an understatement to say there are probably more Bluetooth-enabled devices in the world than people. First developed out of a need for cordless printers, Bluetooth now plays an essential role in our daily tech lives. Enventys Partners investigates the science, history and democratization of the short-range wireless technology called Bluetooth.
In the last decade, IoT products have gone from being interesting whimsies to essential consumer devices. Since its popularity surge, new innovation, like Particle, has made IoT development easier and more efficient.
Across the world, businesses, both essential and non-essential, are adjusting to a new normal. While the Enventys Partners Marketing team seamlessly switched to work from home, our Product Development department faced a bit of a quandary. Through agility, initiative and creativity, the staff has figured out ways to continue operating under these unique circumstances.
Innovation is always up for a challenge and the COVID-19 pandemic has thrown an interesting one. Creative and development communities have been responding to the novel coronavirus with innovative solutions, inspiring the Enventys Partners community to use our tools to help save lives.