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Ask HN: What's keeping you from starting something?
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16 points
by slugslog
4540 days ago
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A lot of us have ideas for starting a product/service/business. Most of us also have lots of fears apprehensions about taking the plunge. So what's keeping you from pursuing what you think will be a life altering decision?
Some reasons I can think of Others will think it's a stupid idea
I'm not smart enough to get this done
The idea takes too much money
Family is a priority
Need to learn more skills first
Need a business partner
I don't have domain expertise
I'm not sure I can put in the effort needed
90% of businesses fail. So why bother?
I really need to work on this idea on my own before launching
This is not the right time for my idea
I would've done it if I were in the 'valley'
I am not sure I have the right personality for starting this should've been a poll but I can't create one with my measly reputation. |
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Over time, we've added two co-founders, and I've gained a lot of experience "learning as I go". I still have no money or investors (the latter by choice) and we're working very aggressively ont he "customers" part. We have a couple of deals we're working on, and hopes are high for getting some stuff signed in the early part of 2014.
One thing we've doing is shifting slightly towards more focus on SaaS deliverables. Our software will certainly still be applicable to "on premises" deployment, and some customers will favor that model for various reasons, but we're now starting to put more emphasis on getting the SaaS deployment model going. The main reason here is simply that we believe we can build traction faster and more readily, with hosted offerings. And since we're bootstrapping, anything that gets revenue coming in sooner than later is a Good Thing.
Anyway, my mindset is "If you have an idea, start building it". If you have the luxury of being someone who can code, you can get an awful long way down the road, just coding in your spare time, without spending any money. Our "burn rate" is nearly negligible to date, as all three founders are coders and we're building the product(s) ourselves.
Others will think it's a stupid idea
Screw the "others". Who cares what they think?
I'm not smart enough to get this done
You might be. You won't know unless you try.
The idea takes too much money
See above... if you can code, maybe you don't need much money. If it is something that does require money, well... there are options that involve spending other people's money instead of your own.
Family is a priority
You want to make it big so you can provide for your family in the best way, right?
Need to learn more skills first
Learn as you go.
Need a business partner
Start now, acquire a partner when the time is right.
I don't have domain expertise
Partner with somebody who does. Or pick a different domain. Or buy a book.
I'm not sure I can put in the effort needed
You won't know until you try.
90% of businesses fail
And 10% don't. Be part of that 10%.
So why bother?
Freedom. Financial independence. The joy of creating something and building it and watching it grow.
I really need to work on this idea on my own before launching
Well, do it.
This is not the right time for my idea
Come up with a better idea. And/or revisit your assumptions about why this isn't a good time.
I would've done it if I were in the 'valley'
Successful startups emerge from just about everywhere in the world. Being in SV is not a prerequisite for success.
I am not sure I have the right personality for starting
There's only one way to find out.