what are some ways to make R&D affordable? most of the time companies go bankrupt because development is expensive
what are some ways to make R&D affordable? most of the time companies go bankrupt because development is expensive
what are some ways to make R&D affordable? most of the time companies go bankrupt because development is expensive
You have to get a little creative to slash those R&D budgets, but in the long run it can pay off in terms of bonuses and promotions. Getting noticed by even higher management is important. You got this!
You forgot about asking your employees to bring their own toilet paper. That saves a couple bucks.
The most annoying one for me was management asking us turn our monitors off every day before going home. I hooked up a Kill-a-watt to my monitor and measured the actual electricity it uses and posted a super satirical comment about how much we'd save on electricity (esp given our low electricity prices) and that's the last I heard them mention it.
Penny wise, pound foolish
I question the theory of r&d ->bankruptcy, most don't go under. Xerox not being Microsoft had nothing to do with r&d cost.
r&d is the cost of not falling behind. For smaller company a good work environment and motivated staff is important. The people do offhour research because they like stuff they are doing. They don't do it for the company, but they bring the skills and knowledge back to work.
Liking the work you do? Are you deranged?! What's next, fair compensation?!
This question is a bit too broad to get the answers you may want.
Here’s what I think we need to know to give the best answers:
Make R&D more affordable? Lower your countries healthcare costs and rent.
Lower employee cost...
Seriously though, people who can do good R&D are not cheap (rightfully so IMO) and they often spend thousands of hours before anything they do can be monetised and start earning a company money. It's a big expense that a company need to be able to absorb for an unknown amount of time and without any guarantees that the current direction pans out into something profitable.
Depending on the industry, regulatory requirements are also expensive to fulfill and another barrier to slow things down and increase the required man hours to reach a finished product.
Open source the research! I know people don't think this is the best way for a company to do R&D, but it will get tons of people that are interested in whatever you're doing to help for free and as a bonus you can find some great talent. Also, I'm not saying you need to give away the keys to your company. You could only open source select parts of the R&D to not give away your secrets.
but it will get tons of people that are interested in whatever you're doing to help for free
Will they though? It requires that some of the target audience are capable to contribute, which is rare in my experience.
It really depends on what kind of project it is. Not everything will have a big appeal but if it doesn't how big is your target audience going to be for the product really.
Take some of those massive profits and fund your R&D division instead of paying them out. That's how the big companies did it back in the glory days.
My company sold a major asset and the proceeds were enough to buy every employee a Lamborghini. But instead of rewarding employees or investing in growth, we issued a massive dividend and stock buyback (we don't have an employee stock program). Feels bad man.
Inhouse founding across employes. Options are unlimited if you are willing to share 10% of future profit and worker is willing to cut their pay by same amount for a year of funding. Most companies don't want to do it and just trying to milk the workers and r&d as soon as possible. Create business partners, not cows that if don't give milk you immidiately put into slaughterhouse.
"What are some foods I can eat?"
This question is insanely unspecific and has not context to what you're even working on.
just say it involves AI, you'll get all the funding
obviously use unpaid interns only /s
start with literature search and listen to people who knock down physically impossible ideas, for starters. what are you cooking, at least point to general area
Some projects can be done as part of university courses cheaply and slowly.
Any research or sources to back such a claim before continuing on to the question? Cursory websearching about top causes of bankruptcy and R&D costs doesn't come up.
I haven’t been in a company that has gone bankrupt, but I’ve been in a few that struggled. The biggest problem is usually not the tech. It’s to align the product with the customer needs.
You can have the most advanced tech in the world. If it doesn’t solve anyone’s problems, no one will buy it.
top causes, not factors
if your R&D costs make your business unprofitable, something's going to come along and topple it, same as how "smoking" isn't a cause of death but lung cancer is a very major cause of death
I would still say citation is needed. Of course if a company's R&D costs balloon large enough they will topple a company. Is that really what's happening in bankruptcies "most of the time"?
On its face that looks like an impossible claim because of the number of bankrupted companies that don't even have R&D.