Product development projects are notorious for going over budget. Often way over budget. This is particularly true in small companies. The opportunity to develop products is generally less frequent in a small business. Sometimes years can go by before another new product is developed and the team that developed that last product may no […]
How to reduce product development costs in your company
Big companies have the luxury of scale. When you sell millions of a product, even a few dollars per unit is a big product development budget. Small companies in niche markets do not have scale. When you sell a hundred product per year, even $100 per unit is often not enough margin to pay back […]