I've been in the IT industry for a loooooong time. I'm also a card carrying member of a popular sub-culture that's exploding right now. This is one of those once in a lifetime opportunities with new tech to integrate it into a popular subculture that I absolutely know has a HUGE need and it needs to be filled NOW.
There's 3 way's I can go about this.
1.) -- The hard long way.
This way has the most control, basically I will have to develop a skill that will take minimum 6-12 months to develop. This is a crucial skill to the idea that is necessary to implement it and the only one I'm lacking.
2.) -- The co-op way.
Right, so this way I can instead invest a few months looking for a co-owner that has the skill that I lack. The benefit of this is that it will be helpful to motivate me to press onto deadlines since it's just not me. The downside is obvious -- loss of control and profits are split.
3.) -- The quicker way
I'm in a position that I know someone that will see my pitch and very likely fund it. Everything I need will be funded but I lose all control and a lot of profit. However this way is much more capital backed and much more likely to (hopefully) quickly succeed. It's not necessarily "easy" but rather quicker.
To end -- this idea I've already put in motion and have a way to offshore it somewhat. Ultimately it will be a completely new EXTREMELY high demand marketable product. I've done due diligence and this is something that I guarantee will be hot as the demand has already outpaced the supply.
Well I can't really know until it comes to market? Not really, I've just come up with a way that will solve the problem of supply to meet the demand.
There's also a 4th option of outsourcing, but to build a brand I'm not confident of this option unless it's a co-op because they will have to know the eccentricities of building it.
Am I looking for a hand out? No - I am looking for advice as the best way to move forward.
I've already invested in a high end laptop to work toward option 1.
There's 3 way's I can go about this.
1.) -- The hard long way.
This way has the most control, basically I will have to develop a skill that will take minimum 6-12 months to develop. This is a crucial skill to the idea that is necessary to implement it and the only one I'm lacking.
2.) -- The co-op way.
Right, so this way I can instead invest a few months looking for a co-owner that has the skill that I lack. The benefit of this is that it will be helpful to motivate me to press onto deadlines since it's just not me. The downside is obvious -- loss of control and profits are split.
3.) -- The quicker way
I'm in a position that I know someone that will see my pitch and very likely fund it. Everything I need will be funded but I lose all control and a lot of profit. However this way is much more capital backed and much more likely to (hopefully) quickly succeed. It's not necessarily "easy" but rather quicker.
To end -- this idea I've already put in motion and have a way to offshore it somewhat. Ultimately it will be a completely new EXTREMELY high demand marketable product. I've done due diligence and this is something that I guarantee will be hot as the demand has already outpaced the supply.
Well I can't really know until it comes to market? Not really, I've just come up with a way that will solve the problem of supply to meet the demand.
There's also a 4th option of outsourcing, but to build a brand I'm not confident of this option unless it's a co-op because they will have to know the eccentricities of building it.
Am I looking for a hand out? No - I am looking for advice as the best way to move forward.
I've already invested in a high end laptop to work toward option 1.
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