Processes. Some of us love to create processes and systems, tinker with them, analyze what works and what doesn’t and some of us hate them. When it comes to consistent creation of new product for your small business processes are necessary to make sure that time is taken to get it done.
Processes for your business can be simple or, depending on the task, very complex. The key is to have something in place that you can repeat and make a habit of time after time. This is necessary for you as the individual business owner and for any team members that you have.
Here is a simple explanation and lay out on how to create a process. For product creation, I would include all of the steps mentioned and I would add 1 more step. Business owners should not create any processes without having a fully developed mission, vision and values as well as a business plan. Once you have the road map you can start to work on how to travel to your destination.
Who should create a process for product creation?
- Entrepreneurs who have ideas on product improvement but after months and months they are still merely ideas. This is especially handy for the thousands of entrepreneurs who continuously say that they are writing a book but no one has ever seen it including the entrepreneur.
- Entrepreneurs or would-be entrepreneurs who struggle with coming up with new ideas.
- Entrepreneurs who have several ideas that they have started working but have not been completed.
Regardless of the stage of the idea. Having a process in place means more ideas completed which means getting a better feel for what works and what doesn’t which ultimately leads to more profitable products that can be put out on the market.
A process for product creation will keep your business moving forward and ensure that it will remain competitive in today’s marketplace. It will also hold entrepreneurs more accountable for getting their ideas to market.
How have you been able to get product and ideas formulated into a tangible product? Where have you struggled? What other ideas would be useful for entrepreneurs to know? What’s your process for product creation?