Can You Afford to Manufacture Your Idea? Budget Truths from Idea to Mass Production

Adrian is joined by Sofeast Group Head of New Product Development, Paul Adams, to unpack the brutal truth behind the question: “Can you actually afford to manufacture your new product idea?”

They bust some of the most dangerous myths (like “MOQ × unit price is my total cost” and “we’ll fix reliability later”), then walk through Sofeast/Agilian’s 6-phase NPI process for electromechanical products and show how your budget is really consumed; from feasibility and prototyping through to tooling, pilot runs, and mass production. If you’re planning to launch a new product, this episode is your reality check and roadmap.

 

Episode Sections:

• 00:00 – Intro & who this episode is for 
• 07:02 – Mythbusting: YouTube & “$10k product launch” myths 
• 12:13 – The Sofeast/Agilian 6-phase NPI process 
• 21:18 – How your budget is split across the phases 
• 29:00 – What to expect in each phase & readiness checks 
• 37:31 – Tooling, NRE, and why half a tooling budget is worse than none 
• 43:42 – Budgeting properly and adding contingency 
• 45:21 – Call to action & how Sofeast/Agilian can help

 

Related content...

• How to Calculate the Cash Needed to Prototype & Launch your New Product
• Why does new product development take so long?
• What is an NRE Cost (Non-Recurring Engineering)?
• 10 Factors Affecting Electronic Product Design Costs
• Costs and Milestones to go from Product Concept to Market?
• The New Product Development Process in Electronics
• New Product Development In China: 4 Tips To Go Faster

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