Author Archives: Editor

How To Know If Your Business Idea Is Viable?

When you’re starting your own business, there’s no guarantee that it is going to survive, especially in today’s fast-paced business world. Nearly half of all small businesses fail within the first two years of operation. There can only be two reasons for business failure: first is inadequate planning and secondly, under-capitalization. So before you go […]

Is NPD Process Really Needed?

New products, whether or not they take the shape of new applications, new innovations, or entirely new goods, are critical factors to the success of a business. The concept of new product development process is to provide new value to the customer.  It’s what keeps the company growing.  Your business needs to engage in the […]

Continual Improvement in Product Development

Terms like Lean, Six Sigma, and Continuous Improvement have become normal everyday jargon in the world of manufacturing, but yet they remain far less adopted in the world of product development. Is this because of a lack of understanding? Or perhaps a lack of focus on new product development? Or maybe just a reality of […]

Open Your Mind To Innovation

Mental Habits Lead To Innovation Some of the greatest inventions came out of problems and challenges the inventors were having in their lives. These investors decided to focus on the solution instead of giving all their energy and thought to the problem. Dr. Scholl’s foot medications for example would not have been around if people […]

Instill A Mindset of Innovation at Your Small Business

Opportunity counts for so much in the business world. Strong entrepreneurs aren’t afraid to look for openings in the market which means actively looking and going after ideas that can be turned into opportunities. But how do you find new opportunities to take your business to new markets and growth levels? Well, everything can be considered […]

You Know You Have A Good Business Idea When…

Have you just started a business? Or is your business idea ready for a start-up? You need to research the validity of your business plan. The following will show you how to do adequate product development research before starting a business. It may be difficult to actually gauge what “adequate” really means but here’s a checklist […]

The Innovative Lifestyle: You Are The Subject Matter Expert

What’s up, Innovators? One question that I constantly get from people that I talked to is — “What is your expertise?” When I say Product Development, people would just say “okay” and then ask more about “what industry, what market and what product types”. Well, this is what differentiates us because product development is not […]

Product Development: Starting The Product Specification

Welcome back, Innovators! This week, we will deep dive into the topic of starting on your Product Specification. Also called Product Specs, it is  a document with a set of requirements that provides product teams the information they need to build out new features or functionality. How To Begin: Find Out What Your Competition Is […]

Product Development: Identify Stage

What’s up Innovators? Today, we’ll take a deep dive into one of the first and most important step in the Product Development which is the Identify Stage. What does it really mean to identify? Again, we are using a very simple framework at Hill Innovative Solutions. It has an acronym I-D-E-A: Minimizing The Risks We […]

Product Development: Creating A Clear Product Vision

Today, I want to talk about something that is actually near and dear to my heart. And this is something that I had heard off and on throughout my career. I’ve heard it off and on throughout my life but never knew a lot about and nor really partaking in, until about a year ago. […]