3 Replies - 788 Views - Last Post: 18 October 2012 - 07:32 AM

#1 GGA26  Icon User is offline

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software business

Posted 16 October 2012 - 12:36 PM

what does it take to become a software entrepreneur??
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Replies To: software business

#2 modi123_1  Icon User is offline

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Re: software business

Posted 16 October 2012 - 12:45 PM

Without any more specifics on your end: gumption.
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#3 Martyr2  Icon User is offline

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Re: software business

Posted 16 October 2012 - 12:54 PM

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It takes someone who is a bit knowledgeable about the industry, can identify a market need, has the ability to fill that need or get the people together to address that need and a way to tell the market about your product (and yourself) in an effective manner.

Lastly it takes someone good with deadlines, working with people (clients and partners) and managing money.

Companies that fail typically...

1) Think they have found a need, but it turns out to be wishful thinking. These people sink tons of cash into an idea and become obsessive when people tell them how their product or service is useless. (Burns through large sums of cash)

2) People sink a ton of money into a product/service and have a great idea, but can't communicate that idea to others and thus have no buy in from the public. Resulting in no revenue and their initial investment tanks. (Burns through cash slower, but usually sinks under the weight of their own debt)

3) They can't meet deadlines so they miss opportunities for expansion and eventually die out after years of hard work because they get no market traction. (Usually has a decent run until they just give up or lose all their money in debt)

4) They can't work with people so they end up burning their clients and partners, get a bad name for themselves and their product/services. They typically get bad press, negative reviews from others in their industry and ultimately no sales because who wants to buy a product/service which has gotten so much negativity behind it? (Usually a slow death because while initial uptake is good, it trails off as people become aware of how poorly they are to work with)

Just a few things to consider. I am sure there is more. :)

This post has been edited by Martyr2: 16 October 2012 - 12:56 PM

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#4 Curtis Rutland  Icon User is offline

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Re: software business

Posted 18 October 2012 - 07:32 AM

The ability to ask more engaging questions.
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