User Power
Value/Post Ratio
153%
- May 9, 2016
- 358
- 547
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My first objective has been to confirm my productocracy.
While working in my industry, I found a problem that needs to be solved.
The product I have in mind meets every commandment. Control, entry, need, time and scale.
My concern, is that the barrier to entry is extremely high.
The product involves both sophisticated hardware and software. I would need to first create the hardware and then the software on top of that.
I have no knowledge when it comes to developing software or hardware.
If I spent time learning how to do it myself, I feel like it would take an abnormally long time. I'm not against taking the time to learn, however I feel like it might take years just to learn enough to start building the product. It's not something simiple, like say web design for instance.
I don't see how I could outsource the development either. Finding people with the technical knowledge to develop it would be both difficult and expensive.
Finding investors to fund the development might be an option, but I'm not sure how I feel about the idea. I'd rather avoid investors or partners.
I guess my question is, should I go full in and start teaching myself everything needed to build the product. Or should I move to something that has a high, but lower barrier to entry? When do you guys think the barrier to entry is just too high or is it ever too high?
Thanks!
While working in my industry, I found a problem that needs to be solved.
The product I have in mind meets every commandment. Control, entry, need, time and scale.
My concern, is that the barrier to entry is extremely high.
The product involves both sophisticated hardware and software. I would need to first create the hardware and then the software on top of that.
I have no knowledge when it comes to developing software or hardware.
If I spent time learning how to do it myself, I feel like it would take an abnormally long time. I'm not against taking the time to learn, however I feel like it might take years just to learn enough to start building the product. It's not something simiple, like say web design for instance.
I don't see how I could outsource the development either. Finding people with the technical knowledge to develop it would be both difficult and expensive.
Finding investors to fund the development might be an option, but I'm not sure how I feel about the idea. I'd rather avoid investors or partners.
I guess my question is, should I go full in and start teaching myself everything needed to build the product. Or should I move to something that has a high, but lower barrier to entry? When do you guys think the barrier to entry is just too high or is it ever too high?
Thanks!
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