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Mixer
Registered: Apr 2008
Posts: 447 |
Software Business
I know many of you are working or have experience in software business and start up companies.
I've observed that businesses that start with a person with an idea, but no personal skills in making the product, fail.
Common theme is that the start up fails because the founder needs other experts to do the actual work.
Start ups that have a founder that can complete a product himself seem to do fine.
Pure sales/business administration start ups or where the founder just have an idea, but no skills, seem to end up bad.
Any thoughts? |
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algorithm
Registered: May 2002
Posts: 705 |
Need a mixture of both. Someone who knows what they are talking about and good at people skills/management.
Unfortunately mainly its either one or the other. |
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chatGPZ
Registered: Dec 2001
Posts: 11350 |
also needs an idea that is actually good - a lot of these seemingly great ideas aren't that great after all, which is why they fail =P |
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Tao
Registered: Aug 2002
Posts: 115 |
Back during the dotcom bubble I found at least one example that had "Let's gather as much competent people as possible under one roof, give them an awesome office and then wait for an idea to surface" as their business plan.
Perhaps needless to say -- the reason I know of said company was because I attended their bankruptcy auction :P |
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CRT
Registered: Oct 2012
Posts: 87 |
Selling the idea is perhaps the single most important thing for early success.
Unless you are one of the lucky few with the skills who implements a brilliant idea on your spare time and it sells itself via social media.
Still, selling is there in one way or another.
In the end all parts have to fall into place if the start-up is going to stay around beyond the initial funds raised. |
