Minimum Viable Product (MVP): Engineering Products and Services: Check the sale price of similar products and what channels they are sold through:

 


Minimum Viable Product (MVP)

Setting up your company:

Work out the production for products and services, storage and shipping costs.

Estimated Sale Price - production, storage and shipping costs = Gross Margin.

Gross Margin x monthly sales = Target Earnings = Cost of living plus

Company Expenses plus 20% for taxes. Keep all expenses to a minimum.

So when Target Earnings have run for 6 to 12 months without major problems,

it is time to form your company and do it full time.

During this period it is a good time to learn how to do monthly and annual accounts

on a spreadsheet. 

Related articles:

Ideation

R&D

Proof of Concept

Working Prototype

Requirements

Offer:

If you need help producing the deliverables for engineering products and services, feel free to get in touch:

Contact:

email: ericsutherland@btws.co.uk

 

Mobile: +44 777 640 3252 


Skype: Eric.Sutherland1



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