Tuesday, April 21, 2009

Don't Start a Business

Unless you have people willing to pay for your services

http://www.businessworld.in/index.php/B-School/-Don-t-Start-A-Business.html
Philip Anderson, professor of entrepreneurship at INSEAD

Its a great article and touched a nerve. A lot of my ventures have revolved around starting a business rather than figuring how its going to pay for itself. I've always thought that if i built a great service, the money would come. I suppose, in part, i've been led by services websites around me but that really hasnt happened. I may have gained some experience but i've also lost a whole lot more in terms of opportunity and time.

When i started the math website, i had the alternate opportunity to become a coder at a pay that was 50% better as opposed to what i am getting right now as a GA. And this is about 5years ago. If i had stuck to it, i would have been doing a whole lot better. Ass that i am, i "didnt want to code" and so preferred to stick it out with the math website. End result-- Peanut husks for all my efforts.

I was exploring setting up another services thingy when i read the above article. Given that i am in the middle of a job hunt and end of term, i've put that on hold. I was never sure how i'd make money off it anyways and my job is more important right now.

Lets see if i ever come back to it.