@Hi-Fi Enthusiast are you familiar with any Product Development' protocols such as a traditional development curve?
If not, then I suggest become familiar with an applicable doctrine that you can apply to your 'good idea'.
All PD starts with a 'good idea' and then develops over several stages into a market-ready product.
Here's an example of a good PD curve/path/process which is applicable to you perhaps.
This approach is usually tailored and implemented by an experienced PD manager in concert with relevant stakeholders and you should notice that actual 'product development' is a long way into the overall process!
It's not the only way of developing products but it's by far one of the best controls you can use to manage viability at every step and subsequent success.
If not, then I suggest become familiar with an applicable doctrine that you can apply to your 'good idea'.
All PD starts with a 'good idea' and then develops over several stages into a market-ready product.
Here's an example of a good PD curve/path/process which is applicable to you perhaps.
This approach is usually tailored and implemented by an experienced PD manager in concert with relevant stakeholders and you should notice that actual 'product development' is a long way into the overall process!
It's not the only way of developing products but it's by far one of the best controls you can use to manage viability at every step and subsequent success.
Give him a break, he probably doesn't understand you've built the enterprise up to a full hustle.
Pffft.... in my last full time job at the MIC ( aka Baby Killing Machine ) my title was Senior Principal Engineer.... Leave it up to HT to come up with a "senior" principal title. Yes indeed, we're getting old... ;-P
Myself, I didn't give a hoot, I just wanted the money.... I left anyhow, couldn't stand being a direct employee working on stuff used by the Evil Empire... back to commercial and contracting... lots more fun, tons of freedom, more money, no titles... ;-)
I used to have a Corp S years ago, but eventually I dropped it. Too much paperwork, too much hassle. Nowadays I just let the agencies handle the paperwork. Clean. But one of the great things about pretty much being a self employed one man show is that you can make up your own titles.... I used to be CEO, Product Manager, Chief of R&D, etc... so I had several business cards made and used them accordingly.
;-)
How about Tubelogic?
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Oh its easy.just build a phono stage,call it some exotic name and charge less than 25000 pounds.you will be an instant success.
Don't forget the tube... The Tube!
Valhalla Logistica Prima Mona Reference Fono Amplificatore Ultra Signature Balanced Mk IV
Valhalla Logistica Prima Mona Reference Fono Amplificatore Ultra Signature Balanced Mk IV
I do have a dream of starting a small speaker brand and this thread is a depressing reality check 😀
You don't have to completely give up your dream. But try to find a way to separate your product and company from all the others that are already out there.
It's not necessarily easy, but others have found a way to do it, or they wouldn't be in business today. And it doesn't have to be a big dramatic separation. But something to give people a reason to consider your product against the others.
It's not necessarily easy, but others have found a way to do it, or they wouldn't be in business today. And it doesn't have to be a big dramatic separation. But something to give people a reason to consider your product against the others.
When I was fifteen, I had my eyes on the prize. I started planning and discussing my options of building very high quality yet reasonably priced speaker systems, maybe two or three models only and bringing them to the masses. The affordable Cadillac if you will.
By the time I was twenty, I had learned a lot more about why not than why.
Without a disposable cash flow, it was going to be a big struggle. Without unlimited backing, it was going to be near impossible. When others are holding the cards, you will be the last to reap. You have to have money to make money. Unfortunately that truth remains unchanged. The exceptions to this are one in a million. Those are the ones that make the news. I don’t recall audio gear in my evening newscast.
By the time I was twenty, I had learned a lot more about why not than why.
Without a disposable cash flow, it was going to be a big struggle. Without unlimited backing, it was going to be near impossible. When others are holding the cards, you will be the last to reap. You have to have money to make money. Unfortunately that truth remains unchanged. The exceptions to this are one in a million. Those are the ones that make the news. I don’t recall audio gear in my evening newscast.
I think there is big difference between trying to enter a mass market vs more of a boutique type. You are right about the mass market. It would take a great deal of money to get in and even then there is no guarantee of success.
But in the audio space today there are a number of successful small businesses. The Internet gives access to these companies that didn't exist before. There is still competition for the buyers' dollars, but there is an opportunity to get some of them if you can create a difference. A good reason for someone to buy your product versus what else is out there. It could be the price point or some unique feature.
But in the audio space today there are a number of successful small businesses. The Internet gives access to these companies that didn't exist before. There is still competition for the buyers' dollars, but there is an opportunity to get some of them if you can create a difference. A good reason for someone to buy your product versus what else is out there. It could be the price point or some unique feature.
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Some build "house brand" speakers for a local audio store, which can keep them busy in their spare time.
More than a few have done that, but should keep a lean inventory.
More than a few have done that, but should keep a lean inventory.
Yeah, if I had a hundred million dollars, I wouldn't care if my speaker business failed either. 🙄
jeff
Somehow I got the impression Neurochrome at least started out that way?
Several of us (at least) have had that experience. Most don't get any farther along, and a lot depends on the economy.
It is of course well known that most small businesses fail. Thus, psychologists say that people who start up small business don't think the statistics apply to them. "They feel they have a better idea, they are smarter than the other guys, etc."
Unfortunately, the statistics are derived from the failure of businesses started by people who don't think the statistics apply to them.
Unfortunately, the statistics are derived from the failure of businesses started by people who don't think the statistics apply to them.
Just take some advice from someone who has learned the hard way: It’s great to learn by failing. Just make sure the rest of your life, such as the financial and mental parts of it, can handle a failure. It took me several years to dig of from a failure when I was a lot younger and a LOT less wise…
I was talking about "wishful thinking" where one consciously (or not) disregards facts (or needed expertise) contrary to their wishes.
You can only afford to "learn by failing" in your 20s, if then. Unless your daddy gave you millions.
You can only afford to "learn by failing" in your 20s, if then. Unless your daddy gave you millions.