Why You MUST Develop New Products During Recession - Small Businesses MUST Innovate In Tough Times
LA New Product Development Team · 3:11 · Published September 12, 2022
About this video
The recession can be a scary time, but it's also is a great time to develop new products! Watch this video to find out why.
During the recession, many businesses are scaling back and cutting costs. But if you're smart, you'll use this time to develop new products that will help your business grow once the recession is over. In this video, I talk about three reasons why you MUST develop new products during the recession.
#business #smallbusiness #businessowner #innovation #recession #businessopportunity #growthmindset
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Almost everything on this channel was produced alongside a real client programme rather than as marketing filler. Some clips are product animations built to explain a mechanism to a licensee or a retail buyer, some document how a prototype was machined, printed or assembled, and some are episodes of our podcast covering developments in product design and manufacturing.
We publish them because most of the questions inventors ask are easier to answer by showing than by describing. Seeing how a part comes off a printer, how an overmoulded grip is cast, or how a concept is judged in a design review tends to settle expectations about cost and schedule far faster than a written explanation.
LA New Product Development Team is a US design, engineering and prototyping group based in Ruston, Louisiana. We take hardware products from an initial idea through research, industrial design, mechanical and electronic engineering, prototyping and a manufacturing hand-off, and every video here comes out of that work.