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A very interesting idea of moving abroad to take advantage of cheaper labor. But, he suggests taking 9 months of prep time (6 to move there and try it out, 1 to
by blakeperdue 15y ago
A very interesting idea of moving abroad to take advantage of cheaper labor. But, he suggests taking 9 months of prep time (6 to move there and try it out, 1 to vacation there and think about it, 2 to do research) before even starting the company in another country.
In that amount of time, you could take a product to market, iterate a few times, and gain considerable traction. I wouldn't trade that for cheap labor. As an entrepreneur my most precious asset is time; I can't give up a week much less 9 months without advancing the company.
- ebiester 15y agoIt depends. Can you do a consulting gig abroad? Work from your current job? Can you work solo or with a cofounder remotely, someone who is in charge of the customer validation? It's about being on the ground, not spending every waking moment in research. (I spent 2 months in Istanbul last year, and am spending next year there with potential long term relocation in the future. I'm currently building my reserves and doing my research.)
- byoung2 15y agoI would highly recommend you move to that country 6 months before you even think about opening an office or company there. Learn how things work, learn about the people, and about culture and then you can be ready to start your company He doesn't say you can't start working on your idea. He's just saying you shouldn't start filling out paperwork or start building out office space. You can certainly use that time to start working on your idea, especially if the lower cost of living in another country buys you more time.
- mtjl79 15y agoI suggest 6 months because, really you are moving to an entirely different place and culture. You can open an office after 2 weeks if you want. I am just recommending a sufficient amount of time to understand where you live and learn how everything works. Just my 2 cent's whatever it is worth.