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« Vol Court Session 3 - Customer Value | Main | Welcome to the Vol Court Video Journal! »
Sunday
Feb282010

Vol Court Session 2 - Generating Product Ideas

In Session 2, Mike Carroll of MK Technologies shares his experience with starting over 14 companies: what worked and what didn't.

Key Points:

  • We are all already in business.  We bring in money, pay out money and we all have our Uncle as a partner
  • Put yourself in a position to be around people who have great ideas
  • Product ideas take time to develop.  Store good ideas away.
  • Products that increase safety are worth considering.
  • Most products are priced too low.
  • Product developments ALWAYS cost much more and take more time than you think.
  • Most products don't have time and cost factored into the price.

 

Vol Court Session 2 from Shawn Carson on Vimeo.

 

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