Creating new products: A bitesize session to explore whether you’re ready
About This Event
Perhaps you’ve spotted a gap in the beauty market, for example, and want to create a new face cream. Maybe you’re an accountant and have read about a secure IT system to help process customers’ data, and you’d like to use it in your business. It could be that a company website would allow you to expand your wholesale business…
Do you have the passion, drive and resources to create a new product? Are you ready to take that risk to add a new process to your small business?
In this short session, Claire Pattison, Enterprise Fellow at Manchester Met, will be exploring risk, resilience, and being ‘ready’ to innovate.
Why is an innovation toolkit helpful to small businesses?
We know that new sources of income need new practical processes. New business models need new management methods. And changing the way your company operates could mean a major restructure.Failing to think about these factors at the start of your journey can lead to difficulties further down the line.From our work with businesses, one of the main barriers to innovation is a failure to grasp the phased structure of:
- Scoping the project
- Reading the market for opportunity
- Ideating to solve problems
- Prototyping and market testing
- Launching to a receptive market
- Managing the project effectively through each of these stages
Exploring what your business could look like, sharing experiences with fellow business owners, and learning how others have navigated their journey can help you on your own path to innovation.
Who Are These Sessions For?
Small business owners who have an idea for a new product or service, but who are unsure of how to develop their idea.
In the current climate, you might be thinking:
- I’ve diversified hugely – how will I sustain this when ‘normal’ returns
- Lockdown has given me lots of time to think and plan – I am ready to progress my idea/innovation
- I have added a little bit to my business, it doesn’t currently take any extra resource but it works and I’d like to develop it further
- My business has been damaged, it’s clear that I’m going to have to change what I do/the way I do things to survive and flourish going forward
Introduction to Workshop Delivery Partner
SMART Cheshire: A programme to help you develop something new
One of the programmes we run at Manchester Met’s Centre for Enterprise is the SMART Cheshire Innovation Challenge.
It’s a short programme for anyone thinking of adding something new to their small business.
We’ll show you how to take your initial idea, test it, and move to prototype stage. And you can use these tools each time you want to add something new to your business.
If you meet the eligibility criteria, there isn’t a cost for our business support as the SMART Cheshire Innovation Challenge is fully funded by the European Regional Development Fund (ERDF).
Please register via our Eventbrite page for your free ticket: