October 16, 2013

Entrepreneur: 3 Steps To Transform Your Idea into a Prototype

How do you develop an idea into a product, and how long does it take? These are two of the most frequent questions we hear from entrepreneurs. Of course that answer depends on the complexity of the product, but by breaking the process down, there are solid ways of estimating what will happen and when. In his first piece for Entrepreneur.com, JD Albert explains the three loops of product development — design, engineering and production — using two hypothetical examples, a cup holder that clips to your bike and a pet food monitor that sends information to your smartphone about how much your pet is eating. “The goal,” he writes, “is to move gracefully from loop to loop, but you often need to run a loop more than once to get it right.”