
Five Common Traits of Bad Hardware Ideas
Bad ideas are bad. When executed, they can waste years of life and piles of capital. Even when not executed, time is spent fleshing out and discussing concepts with fatal flaws. Therefore, I think we should all do our best to reduce bad ideas. This is my contribution.
Before getting started with the hardware-specific list, I believe there are a “general three” problems which affect all new businesses, whether or not hardware related. These would be does the product solve an actual problem, is the price right, and can the product be delivered with a reasonable amount of effort or investment (yes, I’m sure there are valuable minerals on the Moon, and I’m sure you won’t be the one to dig them up). These apply to hardware businesses as much as any other.
Ok, without further ado, let’s review five common issues with hardware product concepts:
1. Swiss Army Knife (two or more products combined into one)
I present to you:
The TreadPress! A combination...