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Your time must not be worth very much if you're really considering rolling your own. How long will it take you? A day? You might think so, but no. A weekend? Po
by tghw 13y ago
Your time must not be worth very much if you're really considering rolling your own. How long will it take you? A day? You might think so, but no. A weekend? Possibly, but you won't handle all of the corner cases. A week? Getting closer. How much would you pay yourself for a week of work?
- adamrubin 13y agoI had the idea to build something very similar, but hoped to find a pre-existing solution. When I found idonethis, I found the cost prohibitive, so I built it myself. It took me about a week, so that's fair, but that's to rebuild not just the core functionality, but also the multi-tenant SaaS part. I have a 50 person team. So, I would've paid $250/mo, or $3k/year. So, I really invested $2k to develop my own version, which also has the potential to make money if people prefer paying $15 for a team of unlimited users. So, no, I didn't find that a waste of time. Plus, I learned some new things along the way, and can fine tune the app as I see fit. This is the risk of building a business around simple, contained functionality. They're easy to clone, and you better get the execution and pricing right, and figure out how to expand on the concept, or you'll be commoditized quickly.
- JRFuentes7 13y agoI love that you displayed your "innovation accounting" here. I'm wondering, how do you account for ongoing cost for maintaining/updating the software? I've never seen software that didn't require some TLC over time...