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Exploiting an opportunity in the marketplace for new product or service expansion can be one of the best – or worst – decisions a company can make. Developing an idea from concept to commercialization requires a systematic approach of analysis and testing, with “go” and “no go” decision points throughout the entire process.

All too often what sounds like a good idea is pursued by an entire department – or even an entire company – only to be abruptly canceled six months and many valuable dollars later. Why? Because it has been determined that there is no market for the new product or service, it is too costly, or it never really fit into the overall strategy of the company.

Our clients recognize The Potomac Falls Group as a complete solution for new product and service development, carrying many of our projects from the research phase, through testing and refinement, to full commercial launch, growth, and maintenance. In addition, our experience as business owners makes us uniquely qualified to anticipate and address the impact of implementing new products or services on existing business units, other internal departments, and supply chain partners.

Here is a partial listing of our product and service development services:
  • Market research
  • Resource assessment (internal and supply chain)
  • Product or Service critical path development
  • Pricing strategy
  • Development of financial models
  • Marketing and market positioning
  • Channel and strategic partnership development
  • Sourcing development and working capital
  • Pilot testing
  • Rollout campaigns
  • Proper entity structures to minimize taxes or risk
  • Patent or trademark protection
  • Licensing
Whether you are looking to exploit a vertical market opportunity in an existing product or service line, or tap into a new broader horizontal market, Contact PFG for senior management with the necessary experience to proceed wisely, within sensible and affordable budget parameters.

PFG has the expertise to help you discover, develop and manage new strategies to grow your business and dominate your markets. Contact Us today.

 
 

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