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The 10 step process

An old friend once outlined this process to me and it has been pretty fundamental for over two decades for me now... although it really works for smaller and consumer oriented products the idea seems to be relatively similar to running out much larger projects:

1. Concept on paper
2. Rough prototype
3. Legal - trademark, patent prov
4. Working model
5. Promotion/ user assessment
6. Small direct retail selling
7. Local promotion/ trade show
8. Distribution
9. Regional promotion
10. Exit - sell

My personal business process has grown a lot more then this, but the basic steps are consistent across much more applications than an inventor/ entrepreneur like myself.

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