In this episode, the host discusses structuring the development of new physical product ideas, drawing from personal experience as a product manager. The script highlights the numerous responsibilities of a product manager and provides a phased approach to product development, covering ideation, concept creation, specification, development, manufacturing, and launching. It emphasizes the importance of having a structured process and creating a project business plan for streamlined execution, reducing surprises, and efficiently managing resources and expectations.
00:00 Introduction to Structuring Your Product Development
00:12 Reflecting on My Early Days as a Product Manager
01:36 The Overwhelming Nature of Product Development
02:23 Breaking Down the Product Development Phases
04:01 Diving into the Ideation Phase
04:36 Concept Phase: Bringing Ideas to Life
06:16 Specification Phase: Technical Details Matter
06:41 Development and Manufacturing Phases
07:31 Launch Phase: Reaching Your Ideal Customer
10:33 Creating a Project Business Plan
12:24 Final Tips and Conclusion
Want to learn how to create a project business plan for your new product development? Sign-up for FREE training via the link below.
Podcast episode on Creating Your Product Concept Drawings: https://spotifyanchor-web.app.link/e/Zbvix3ZTuNb.
Podcast episode on Creating Your Project Business Plan
https://spotifyanchor-web.app.link/e/wpk9l6ZTuNb
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