Daily Bulletin

Technology

Introducing technology to make business more efficient

  • Written by Greg Rogers


There are plenty of important tasks to be done every day in a small or medium business. Small business leaders in manufacturing for example, have to handle key functions including raw material supplies, production schedules, sales, transport, marketing and human resources. There is little time available for stepping back from the work place to enable some quality thinking time for research and development.

Every business has to stay relevant to its existing customers and it must plan to become indispensable in new fields for new clients. Time spent on considering new markets and consolidating a place in an existing market is never wasted.

Entrepreneurs are conceiving and developing new products every day. In every field of human endeavour, nothing stays the same.

In medicine for instance, new equipment is being invented to save lives or to improve the circumstances of people with disabilities.

In aviation, new aircraft and better and improved parts for existing aircraft are being created every day.

In the building industry, new products are being devised to make housing more energy efficient and hopefully, cheaper,

In the motor industry, new cars incorporate features and equipment that were unheard of just a few years ago.

Electronics is the boom industry at the moment. Digital cameras, smart phones, GPS devices, car cams, the 3D printer, computers and display devices will all be different in some way next year.

How then do busy people running a small or medium business go about becoming innovators?

The first step on the metaphorical ladder to success, is to start to think about how to make something new or how to make make an existing every day item more attractive or efficient.

Put pen to paper and make some sketches.

Make notes of every idea that comes to mind.

Talk about your idea with family, friends or colleagues.

Prepare a mini business plan outlining the benefits of the proposed new product taking the opportunity to list why it is better than an existing item or why it is urgently needed.

Have the basic design refined into an autocad drawing to set out the specifications in a permanent digital format.

Make a 3D print of the product to make it easier to evaluate and if necessary, make changes.

Produce a new 3D print for each version until the final design is locked it.

Calculate or have an informed estimate made of the production cost.

Finally, if the product is viable, make more 3D copies to share the concept with financiers, suppliers and potential customers. A 3D model makes explaining the concept so much easier.

Remember to "Trade Mark" your product name and or register the design. Visit IP Australia to find out more.

The first step in becoming a successful business innovator is to make time to think deeply about ideas on how to make something new or to make something that exists, better.


More Articles ...

  1. How to generate sales with a business website
  2. New Australian online technology retailer disrupting the market
  3. Water Worn Wisdom: A Beginner’s Guide to Maintaining a New Yacht
  4. Elecbrakes: The Next Evolution of Towing is Here
  5. Unpacking digitisation for small to medium businesses
  6. Siri for Business: Why the Future of Business Coaching is Artificial Intelligence
  7. Simplified Safety - 6 Tips When Rethinking Your Family's Home Security
  8. SMATE: Aussie startup wants national standards for safe promotion of headphones
  9. Innovations in the Australian oil, gas and construction industries
  10. Business blogging in 2017 – top tips
  11. Jeff Poe: Seven things you should never put on your work computer
  12. Ground-breaking Bone Conduction Headphones launch on Kickstarter
  13. Three boat maintenance tasks you can do yourself
  14. Technology retailer SMATE set to disrupt the online consumer market
  15. Designing Your Drive - Working Through the Planning Stages of a Large-Scale Projec
  16. Tech start up Pocketbiz
  17. Tech trends: What’s hot in tech in 2017
  18. New App enables businesses to do business with each other and rate each other
  19. 4 construction problems that can be solved with technology
  20. Why IT Teams Need to Pitch Video Conferencing to Their Bosses
  21. 3 motorcycle maintenance tasks you can easily do yourself
  22. The Many Uses of After-Market Shipping Containers
  23. The rise of professional video gamers
  24. 5 Creative Ways to Encourage Your Audience to Participate in Your Webcast
  25. These Evidences Show That The Planet Mars is Nurturing Life
  26. Meshed & UTS launch Sydney’s first public access internet of things (IoT) network
  27. Square Invoices gives Australian business ways to get paid faster
  28. CeBIT Australia launches new tech innovations
  29. Megatrends driving the future of work in Australia
  30. Commercial real estate disrupter JAGONAL
  31. New App a Game Changer for Business Marketing
  32. CeBIT 2016 Conference Program Announced
  33. Where Will 2016 Take Internet Use In Australia?
  34. IP Australia partners with Aussie tech startup to rebuild its IP rights search engines
  35. Pyne - National Innovation and Science Agenda
  36. Australian Lawyer Launches Successful Cross-Border Shopping Concierge in New York
  37. The top apps to de-clutter your business this financial year
  38. Independent Research Firm Recognises Information Builders

The Conversation

Politics

Prime Minister on the Alan Jones Show

ALAN JONES: Prime Minister, good morning.    PRIME MINISTER: Good morning Alan, how are you? Good to hear you back on the air.   JONES: Thank you. Thank you very much. Can I just - there's a lot...

Alan Jones - avatar Alan Jones

The Greens side with activists, not farmers

The Greens’ Agriculture Spokesperson, Senator Janet Rice, today made some disgraceful comments in relation to the Government’s tough new penalties for keyboard warriors who incite activists to inv...

Senator Bridget McKenzie - avatar Senator Bridget McKenzie

Scott Morrison interview with Alan Jones - 2GB

ALAN JONES: The Prime Minister's on the line from Melbourne, Prime Minister good morning. PRIME MINISTER: Good morning Alan ALAN JONES:  thank you for your time. I wish we had three hours but look...

Alan Jones - avatar Alan Jones

Business News

Tips To Ensure The Best B2B Ecommerce Customer Experience

The B2B ecommerce space offers an incredible array of opportunities. It is has registered growth at more than double the size of B2C ecommerce. These tips will help you greatly in improving your cu...

News Company - avatar News Company

Multi-channel Ecommerce And Its Unparalleled Benefits

With severe competition within the ecommerce industry nowadays, exercising measures for expansion has become crucial. When you’re planning to dive into areas of growing your business into a full-fle...

News Company - avatar News Company

Top 5 Reasons Businesses Are Shifting From Magento To Shopify

Although building an online business has been made simpler by the extensive use of the internet, maintaining its success is a journey rather than a destination. It involves critical decisions made a...

News Company - avatar News Company

Travel

DEAL: Kids stay and eat for FREE these school holidays!

Take these school holidays to the next level with the ultimate family escape at PARKROYAL Darling Harbour. What’s more, kids under 12 years of age, can stay and eat for FREE! ...

Liana Gardy - avatar Liana Gardy

How to Book a Hotel for Your Vietnam Trip

Finding a travel destination may turn out to be challenging at times. You may have a long bucket list, which leaves you spoilt for choice on where to visit first. Going through travel blogs and site...

News Company - avatar News Company

New Allianz data reveals the ‘forgotten’ European countries attracting Australian travellers this winter

FROM SPAIN TO THE UKRAINE - THE SURPRISE EUROPEAN DESTINATIONS BOOMING WITH AUSSIE TOURISTS Australian travellers are seeking new destinations beyond the Mediterranean when it comes to European...

Media Release - avatar Media Release

ShowPo