Which tech business is for me?
In this article, I will try and delineate for you what it is that should be done before jumping into any tech business.
Are you one of those people who wanted to have a tech start-up? Are you in any way interested in it but don’t exactly know why and where to start? In this article, I will try and delineate for you what it is that should be done before jumping into any tech business or at least why everyone who can code can start a business or be an entrepreneur.
As my profession, I have the privilege of talking and sharing ideas with several people who are working hard to get into a hardcore tech business. In most of my encounters my constant advice was and still is that it is always wrong to start a business that you’re not excited about. So, I advise that no one starts a business, especially a tech business just because others are making money out of it.
I hope the reader doesn’t get it wrong when I suggest that it isn’t always the money that makes a business. You either can be an investor of a tech startup or be a part of a tech startup that you’ve been thinking of doing. Because most professional entrepreneurs and investors do and advise the same to everyone who cares enough about the lifecycle of their business. In the book “Rich Dad, Poor Dad” by Robert Kiyosaki, this same idea is laid for you.
Let me give you an illustration from my experience in consulting with and pitching to those who have the financial strength but not the tech. I had this client with a tech business idea who came to me and said he wants me to develop a product that he has in mind. The moment he told me I knew what and why he was interested in that product. It didn’t take more than a minute for me to confirm that from the client’s own words. It was because others were making money out of it. Then my next quest was to know of the interest of my client. Which was unclear because all that’s blocked by the revenue that might supposedly be made. So, after clearing the bushes I was able to find out that it was only about making revenue out of the investment and not just out of care for continuous business.
In conclusion, my whole point is to be wise about what you want. It isn’t for the developer to reap cash for a product that is probably going to fail. And it isn’t fair for the investor to invest in a failing tech that won’t bother the owner if it fails or flourishes. The tech developer wants to develop a product that can make money for him/her and the investor. Don’t take my words? The American businessman Robert Kiyosaki, in his book mentioned above, remarks that we shouldn’t plant a tree that we won’t water or don’t care enough to water.
Foot Note For You: I see everyone is being taught to be and have an entrepreneur-like mindset. How is that possible to have all in that mindset and all not interested in working for great companies? What do you think? Let us know.