Be the Boss – Pay the Cost: Making the Jump From Dev to Entrepreneur.
April 16, 2019
Many developers aspire to create their own companies and become entrepreneurs. What are the most important things that people should pay attention to?
Perhaps a side project of yours is about to receive some funding? Or maybe you’re just tired of working for someone else, you have this great idea and want to see it through… No matter the reason, you’re going from being a developer to an entrepreneur. Great! Now what? Well, I’m not gonna lie to you, there’s a lot of pitfalls out there, but if you can cut through the crap (that’s right I said it), and stay focused on your goals, you might just have a chance…
Figure out where you shine: “Figure out where your talents lie as an entrepreneur and then either hire in…hire people who do the job you cannot do…you have to realize where you suck…the biggest mistake people make is they assume they can do everything better than everybody else: that’s silly. You won’t be able to grow your business if you try and do every job out there.”
Be very careful with your money: “The lifeblood of any business is cash; how much cash you have. As long as you cash in the bank (and not your own cash -the company’s cash – don’t put all your money into it and wind up bankrupt and destitute in three years), as long as the company has cash, you’re in business.”
Be ready to pivot: “You might have to change your business model/change your product depending on what the market tells you; you have to be responsive to the market. So get ready to put out your idea and then you might have to shift and change accordingly…”
There’s so much more to get into and we do touch on it. Also, shameless plug: we offer a business course called “The Complete Entrepreneur”,(links below) and it’s worth it but you do you. Start off by watching this video and let’s take it from there. Enjoy!
PS- stay to the end of the video to watch me be an Entre…plant…eur. Sorry.