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Understand that being a successful solopreneurs (or entrepreneur for that matter) isn't just about "coding a thing." When I started educating myself about how t
by gwbas1c 2y ago
Understand that being a successful solopreneurs (or entrepreneur for that matter) isn't just about "coding a thing." When I started educating myself about how to be a solopreneur, I realized that I'd be lucky if I spent 50% of my time coding; and would more likely spend 1/3rd of my time coding.
A couple of things to consider:
- Business is more about execution than being the first to market with an idea. Marketing, customer satisfaction, pricing, reliability, ect, all come into play. Before you create, spend time looking at the "dozens of other solutions doing the same thing." You may find a weakness, unfulfilled need, niche, ect. Often times, in early markets with lots of players, the first movers have a lot of baggage that holds them back from growing.
(IE, the first movers made a lot of false starts and end up with Frankenstien products. You can "bypass" them by better understanding the market and building something with less functionality, but just enough functionality to meet most of the market's needs. This is a huge advantage because you aren't wasting time fixing a feature that only 2-3 people use, or making sure you don't break that one feature that 2 people use.)
- Look at books like "The Incredible Secret Money Machine" by Don Lancaster or "Start Small, Stay Small" by Rob Walling.
- Read through (and watch) a lot of YC material about starting a business. Although it isn't focused on solopreneurs, a lot of the concepts are very similar.
Me: I realized that I enjoy joining a company early and turning the MVP into an industrial-strength product.
- JohnFen 2y ago> Business is more about execution than being the first to market with an idea. It took me far too long to learn how deep this truth runs. There's a reason for the saying "the pioneers get all the arrows". From a purely business point of view, you don't want to be first to market. The real sweet spot is to be second or third, learning from the mistakes of the first.