Tech trends and business ideas

All things that motivate entrepreneurs

Thursday, June 15, 2006

You have it all....!

Many "can-be" entrepreneurs come to me all fired up and with original ideas. I often wonder why some superb ideas didn't really fly. I did check a few out. Some kinda' confessed they weren't ready with all that it takes to get started. If you don't have these, you can't move - is how they felt. While some of the reasons were real like the basic documents, market data, scale up plan etc., there were some things which were in fact hyped up.
Let me use this space to tell folks like those what they don't necessarily need....
1. You don't need VC diesel to get your motor running. Working nights or putting money aside to run full-time for three months is enough to get off the ground if you have a great idea and enough passion to make it matter.

2. You can actually charge money for valuable services. People have never been more willing to part with their credit cards to pay for services that improve their business or their life. You don't need to spend hours in meetings pondering HOW TO MONITIZE?! when all you need is a service worth paying for.

3. You don't need mainstream tech to make a dent. No wonder you have a hard time finding people if you're only looking at the mainstream tech circles. You're competing for talent with all the risk-averse insurance companies of the world. To get access to the cream of the crop, you just need People bustling with passion to develop using tools they love.

4. You don't need to live in San Francisco to make it big. Or rather, if you want to make it big, don't live in San Francisco. You'll get sucked in to the myths (you need VC!) and drowned by the parties. Most of the world’s talent does not live in that tiny spot of land. The core team can come from anywhere so long as they share a common goal and passion.

5. You don't need a swarm of worker bees to take off. Of course its hard to find 10 or 20 great people by tomorrow, but you don't have to. We're entering a golden age of small teams capable of doing big things. Just get a band of three together and you're good to go for v1. Using modern tools and simply doing less software means that having more people is likely to slow you down rather than speed you up.
So let's just get started....!


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