Software Categories of Development Websites Physical Products

Campus Resources Online Resources oDesk, Elance Google Sites, Yahoo Sitebuilder, Microsoft FrontPage Possibility of giving up equity for development Software and Website Development

Klymit’s story The point of a prototype is to: Prove that it works Share your vision Get a patent Do it Yourself Prototyping

Take concepts from all industries and combine to get your product Ex: Reebok and IV tubes “Use super glue and duck tape” Almost all prototypes < $200 “It’s not what you know, it’s who you know” How do you keep it cheap?

3-D Printing

Examples of costs ototypes_Costs.html ototypes_Costs.html Examples of costs ototypes_Costs.html ototypes_Costs.html

Tool and Die shops Machinists Welders Handymen

Outsourcing - is any task, operation, job or process that could be performed by employees within your company, but is instead contracted to a third party for a significant period of time

Example of Outsourcing

The advantages of outsourcing  Yields Cost Savings  Provides Flexibility  Provides the Ability to concentrate on the Core Business

The disadvantages of outsourcing  Quality Problems  Loss of Managerial control  Security and Confidentiality issues

Virtualemployee.com- India Cost of hiring a full time dedicated employee in India : US $895- US$ 1495 per month

Useful Outsourcing Website  