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>I wonder how many of these compliance driven innovation opportunities (great term, btw) there are, thanks to bureaucracy. Tons. I'd venture to say that the m
by mywittyname 5y ago
>I wonder how many of these compliance driven innovation opportunities (great term, btw) there are, thanks to bureaucracy.
Tons. I'd venture to say that the majority of B2B companies out there exist because they offer some form of assistance in dealing with compliance across the country/world. Even though we probably don't think of that as their primary service. Example: payroll services - the money transfers are the easy part, a company is really paying these services to do tax compliance.
One of the problems with starting a company like this is finding all of the niches that exist. You kind of have to have worked in a sector to learn what some of the pain points are that can be eliviated.
- akudha 5y agoMaybe we could make a list. Tax filing, tiny house codes, building codes, customs fee at the borders… What else?
- duncan-donuts 5y agoZoning laws, probably a ton of stuff in agriculture
- specialist 5y agoThis is why I believe Bill Gates' statement that "90% of software hasn't been written yet" is (perpetually) true. Alas, the Venn diagram of domain knowledge (for any given niche) and any measure of competence developing products is tiny. And the work just isn't interesting. A friend made good money writing property tax administration software for municipalities. Tried to recruit me for years. I helped on some stuff, enough to verify I wasn't well suited to that type of work. Older me could probably do it happily.