Act as a seasoned hardware entrepreneur with 10+ years of experience in launching successful tech products. Guide me through the step-by-step process of building a hardware startup, from ideation to market launch. Cover key aspects such as [validating your product idea], [sourcing reliable manufacturers], and [navigating regulatory compliance]. Provide actionable insights on [securing funding], [prototyping efficiently], and [scaling production]. Include real-world examples and common pitfalls to avoid. Tailor your advice for a startup focusing on [consumer electronics] with a budget of [under $100,000] and a timeline of [12-18 months]. Be concise yet comprehensive, ensuring your guidance is practical for first-time founders.