Entrepreneurs need to have a good handle on both development & production costs up-front to build a robust business case. But how is it possible to get production costs at the very beginning of development before the product has been designed?
In the 23 years I have been a member of the IMechE I have never taken one of their training courses as they have not adequately addressed my needs.
The institution now appears to be changing for the better. Whether this is natural evolution, modernisation to the digital age or perhaps as a social distancing measure brought about by the pandemic I cannot say but it is a very welcome evolution.
Since 2008 we have provided mechanical design and engineering services using a number of financing models; including Fixed Price, Time & Materials and occasionally profit share.
But which model is best for the customer?
3D printing is so mainstream that machines are accessible to everybody for not much more than the cost of a decent laser printer. So why do we not have our own?
The COVID-19 pandemic continues to threaten our way of life, our livelihoods and for some people their very existence. The majority of us have lived in a state of lockdown, with those of us that can working from home. Now that the government is encouraging a cautious return to our offices, do we really need to?