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I'm about to do the same thing. I live in a semi-rural area. It has a pretty large tech presense due to a fairly large R&D naval base, but everybody around he
by thejteam 15y ago
I'm about to do the same thing. I live in a semi-rural area. It has a pretty large tech presense due to a fairly large R&D naval base, but everybody around here is only interested in government contracting, which I am looking to get out of.
So long as you have all of the skills necessary to make the business work then it shouldn't be a problem. You have the added benefit in that you don't have to split the profits with other founders or investors. You don't have to swing for the fences and can be happy with a single or a double so long as you like the business. And you can always change what you work on without interferring with somebody else's plans.
- kaolinite 15y agoAre you planning to get funding? I'm concerned that going alone will go against me.
- thejteam 15y agoNot immediately. I have a year and a half to two years living expenses saved up. I hope to start generating at least some revenue in month 4-5. I won't need funding until I want to "take it to the next level" at which point I'll be an established business and could probably even get a bank loan. The other part of being in an area that's not really in the "startup" world is that rules of thumb like needing a cofounder do not really apply. You do need to be able to find the "local money" though, the successful local businesses whose owners are looking for investments beyond the usual index funds.