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MenuCan a non-tech entrepreneur start up a tech business?
I am an advertising entrepreneur running my own studio the last 4 years. We hit $1,00,000 last year. Now I would like to dab my hands in the tech space - a mobile app. I have an idea and like to pursue this as my second career. What are the initial first steps I need to take?
Answers
Without question you can!
I've put out over 150 apps into the app store without knowing how to code and have gotten over 1 million downloads in the consumer space. You just need to find the best people to help you see your vision through.
Start by putting together a clickable prototype so that people can see your vision. Tools like POP are great for doing this. https://popapp.in/ It's hard for people to get a grasp on an idea until they can see it in action. If you want a more high fidelity prototype, get a professional designer and use Invision . https://www.invisionapp.com/. This is especially important when talking to developers or investors.
Is it a SaaS (Software as a Service) type product? If so, you can try to get some pre-sales by showing your target customer your clickable prototype to help validate your idea before spending money to get it developed. This alone can save you a lot of time and money. It sounds like you're a good salesman if you've got 1 M in revenue.
If you have any questions about how to find people to build it, how to oversee the process, how to quickly validate the idea, or talk through anything else related, I'm happy to jump on a call.
Thanks,
Greyson
Of course you can, provided you surround yourself with the right people
Consider this:
AirBnB's founders were not programmers; they were design guys. Now, it's a billion dollar tech company. If you have a dream to build the next big app or web startup, you'll need to know what the journey entails. The things that no one will tell you about, that you can learn only through experience.
That being said, there are a few things you need to consider before you pursue this as a second career:
1.) Outsource or build the product in-house?
2.) Target the right market.
3.) Search for a technical cofounder
Are you great at storytelling, to communicate your message to match what your audience desires?
Are you good at sales & marketing?
Can you lead people?
These and more are skills a non-techie can make powerful use of as an entrepreneur. Many a tech has started a business, only to discover the customers did not come just because they built the better mousetrap.
In your case, I'd recommend learning about coding projects, so that you don't get taken advantage of: what is a beginning, middle, and an end for such things. Find a coder who can explain in plan English what he's doing. Be eager to learn about coding and development, though.
And most importantly: Find a problem people actually want solved. Don't just make something because you think it's cool. You can try that later. Right now, find out what people will pay you to fix. Let them invest at a discount to fund the development. Get paid to make the thing.
It's important to differentiate what is and isn't tech.
For example, AirBnB is not tech.
It uses a bit of technology, very basic and simple, to support a business.
Likewise, most mobile apps are so simple they can hardly be called technical.
However, there are also startups which do require serious tech knowledge (which you can either have or get from me / another tech advisor), like ebay, paypal, amazon, rackspace, ... companies which require an important investment in technology to exist.
In your case, I would say take some time to figure out what you need, try some quick prototyping with a good web developer, using android:chrome on a mobile phone and when you're 100% positive that's the app you want, get a beautiful skin from a professional designer and ask for it to be made in native code, publish and see how it fares.
Sounds like you have a thriving business structure in place -- $1 million in year four is great. Well done.
Since you’re in a creative space, have you considered developing an app creation group within your existing business? Obviously you would need to bring in (or outsource) some specific tech expertise, but some of your current employees may be jazzed to join you on this side journey as well. Plus, when it’s successful, you’ll have a valuable addition to your agency’s suite of services.
Good luck and let me know if you need more assistance.
I did. I built several apps and with my last one I raised personally a $1.2M seed investment with an european Venture Capital seed.
I studied design management and learnt how to build a tech team and lead them as a product manager.
I built these projects from the first prototypes, A/B tests, fund raising, user growth and traction based lean models.
The first step is: validate your app idea on the web before even building the app.
Contact me if you need all the details about the exact steps I followed, will be happy to help !
Of course you can! If you have an idea you can find people to help you with the an expertise in tech. Upwork is a great platform to find coders for mobile apps or network with people in the industry to find a business partner or co-founder. In this day and age you can find someone to help you do everything and if you have the business side taken care of all you will need is a CTO or even freelancer to make your dream a reality. If you want to further discuss Upwork or networking events in tech I would be happy to further discuss!
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I love this question. If you have to work on the side while building your business, I recommend doing something you absolutely hate. That keeps you hungry to succeed on your own. You'll also typically save your energy for the evenings and weekends where you'll want it for your business. Don't expect to make much money at your "other job" but you can work it to pay the bills while you build your business. This approach also forces you to build incrementally, and it keeps you frugal. This is not necessarily ideal. Having a bunch of money set aside sounds nice and luxurious, but not having the resources puts you in a position where you have to figure it out to survive. I love that. I started my business eight years ago on $150 and today we do a million a year. Don't wait until you have the resources to start safely. Dive in however you can. And avoid shortcuts. Don't waste your time scheming to make bigger money on the side. Do something honest to live on and create a business that drives value.CM
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I have this social media idea,but no coding skills. How do I get someone to do the coding (cant afford to pay them) and not give away half of my idea?
Dilip was very kind in his response. My answer might be a bit on the "tough love" side. But that's for you to decide. My intention, just for the record, is to help you (and those like you) on your path to success. And that starts with having a viable philosophy about entrepreneurial-ism and business. And I'm going to answer this because I get asked some form / version of this question very frequently from newcomers to entrepreneurial-ism. The scenario goes something like this: "I have a great idea. It's amazing, I love it, and I just KNOW it's gonna make me a ton of money. But I have no money right now so I can't afford to (fill in the blank with things like "to build it / create it / market it / etc" or "to hire the required staff needed to work in my business to sell it / develop it / etc"). And I don't want to tell anyone about my great idea because I'm worried someone will steal it and make MY million / billion dollars. But I can't afford to legally protect it either... So how do I launch without the skills to personally create the product AND no money to hire anyone else to do that either??" The answer is ... You don't. Look - let's be honest. All you have is an idea. Big deal. Really. I'm not saying it's not a good idea. I'm not saying that if properly executed it couldn't make you a million / billion dollars... But an idea is NOT a business. Nor is it an asset. Until you do some (very important) initial work - like creating a business model, doing customer development, creating a MVP, etc - all you really have is a dream. Right now your choices are: 1. Find someone with the skills or the money to develop your idea and sell them on WHY they should invest in you. And yes, this will mean giving up either a portion of the "ownership" or of future income or equity. And the more risk they have to take - the more equity they will want (and quite frankly be entitled to). 2. Learn how to code and build it yourself. MANY entrepreneurs without financial resources are still resourceful. They develop the skills needed to create what they don't have the money to pay someone else to do. 3. Get some cash so you can pay someone to do the coding. You'll probably have to have some knowledge of coding to direct the architecture of your idea. So you will likely still have to become knowledgeable even if its not you personally doing the coding. (This is not meant to be a comprehensive list of options... And I'm sure some of the other experts here on Clarity have others to add - and I hope they do) To wrap up - Here's my final tip to you that I hope you "get"... It's FAR more valuable to have an idea that a very specific hungry crowd is clamoring for right now - One that THEY would love and pay you for right now - Maybe even one they'd pre-order because they just have to have it - Versus YOU being in love with your own idea. [Notice I didn't say "an idea that some as-of-yet-undetermined market would probably love"] I wish you the best of luck moving forward.DB
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