PCB007 Magazine

PCB-Dec2016

Issue link: http://iconnect007.uberflip.com/i/759357

Contents of this Issue

Navigation

Page 25 of 87

26 The PCB Magazine • December 2016 The business model, a short business model with the good and the bad and the ugly of just trying something is the way to go. Schroeder gives numerous examples of en- trepreneurs who gave it a go before most people would have thought their new product or ser- vice was truly ready for prime time. So many times, people have a great idea but they wait too long to execute that idea, and instead they spend their time writing long business plans to please those bankers who are never going to give them the funds to start the business anyway. Schroeder tells us to just get going. He says that all we need is a great story, a story that will explain exactly what we are try- ing to sell and how it will work. He says that instead of a full-blown business plan, all we need is what he calls "the Lean Mod- el Framework," consisting of the following slides: • Company Purpose • Problem and Solution • Why now? • Market Size • Competition • Product • Business Model • Revenue Model • Team and Financials And that is all you need to launch your new business. He wants us to develop a model as soon as possible with the understanding that it will not be perfect but that it will be good enough to exemplify what the product or service should look like, enough to get someone interest in the product and thus the company. From the book: Lessons learned: • Believe in your product, not foolishly, but with common sense • Find ways to get things done • Follow the trend • Look at alternate sources of distribution if traditional sources don't work • Seek out other people or companies who have the same beliefs and look for either leverage or distribution opportunities Schroeder ends Chapter five with this quote: You really don't know if you have a company until you have created a product or service proto- type and have sold it in the marketplace. That is, you can't improve a product unless you get customer feedback. And you need to move faster than poten- tial competitors. So create a prototype sooner rather than later. If you are passionate about your career, then you will eat and breathe and drink sales. This also means that you will read every good busi- ness book you can get your hands on. You might start with these five that I just recommended. Good reading, and good learning, means good selling. PCB Research and Markets has announced the addition of the "Printed Electronics Market— Global Forecast to 2022" report to their offering. The printed electronics market was valued at US $3.13 billion in 2015 and is expected to reach $12.10 billion by 2022, at a CAGR of 22.38% between 2016 and 2022. Printed electronics (PE) is gaining a wide momentum owing to the many benefits it offers over conventional printing such as low fabrication cost, scala- bility, and simple fabrication. Their low cost provides added benefits of thin form factor, flexibility, stretchability, portability, and rollability. Printed Electronics Market to Reach $12.10 Billion by 2022 FIVE NEW BOOKS THAT WILL CHANGE YOUR PERSPECTIVE ON SALES AND MARKETING

Articles in this issue

Archives of this issue

view archives of PCB007 Magazine - PCB-Dec2016