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.
- Don’t buy supplies. Workers often think they need things to do their jobs but they’re always wrong
- Make the lights flicker. By flickering the lights continually, you save 50% on electric bills without major loss of visibility
- Deny PTO requests. It doesn’t cost anything to have employees work through their vacation. You’re already paying for that time, might as well get some productivity out of it.
- Salary = 24/7 employee. By paying your R&D staff per year, you can extract a year’s worth of productivity every year. The sleepless delerium is good for creativity
- Skip the R. Research doesn’t make you any money. It’s the Development of new products that makes new money. Order your employees to Skip the R, which consumes a significant portion of R&D budgets
- Creative bonuses. A pizza party is bonus enough. Everybody loves pizza, and when they see you come in with that piping hot goodness it hacks their brains into liking you even more
- Lead the charge. Polls show that C- and mid-level management can find creative ways to help the process along, and often while skipping large portions of unnecessary work, by spending time showing R&D staff how it’s done
- Coordinate often. Further polls show that the number one reason things take too long is that nobody is asking for progress reports. Progress reports are best delivered in person, in the presence of the entire team. Zoom and other tools can support up to 3500 meeting participants, but even better is to clear out any lab space for a regular all-hands meeting. SCRUM stands for Standing Creatively, Reassessing the Utility of Meetingless time
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.
most of the time companies go bankrupt because development is expensive
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.
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:
- What general industry are you working in?
- How ‘bleeding edge’ is the research?
- Are you really pushing the envelope with new untested ideas, or just innovating incrementally around market-tested concepts?
- Is the R&D for a totally new company or is it occurring within an established company?
- What expenses are absolutely required, including labor, capital and operational costs? Do you need just a pen and paper and someone to use them? Or do you need a multi-billion semiconductor fab?
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.
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.
“What are some foods I can eat?”
This question is insanely unspecific and has not context to what you’re even working on.
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.
Make R&D more affordable? Lower your countries healthcare costs and rent.
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.
just say it involves AI, you’ll get all the funding
