Why not check your passion and interest regardless of presence/lack of competition and then you can play a long game instead of being in a reactive state.
Being passionate and interested in a problem doesn't mean there is a market for said problem. This doesn't mean that it's not valid to feel that way, but a viable business might be hard if not impossible to build in that niche. Maybe I'm passionate about and interested in ornamental gourd futures [0], doesn't mean it's a way to build a business.
very valid point- but people do start with passion and iterate being the keyword based on understanding users and the market - however if you jump straight into competition/market without having interests or passion then you are driven by numbers and other people and have nothing to fall back onto in terms of purpose/vision/mission -
so someone passionate in ornamental gourd futures can use the passion in it to underdtand other peoples/passion or interests in it and then in the process develop your understanding of them to feed what they are looking for coming from your evolved passion now - youtube was hotornot pics to begin with!
This article is assume startup - you raise a lot of money and get a lot of people to help you build the product fast to get to the very large market. A valid strategy and can earn you a lot of money if there is a large market you can serve.
However there are a lot of markets that are not that big. If your passion is something Pet Rocks - that will probably be a tiny market (it was once big for a short time, but the time is over and unlikely to come back - thought maybe I'm wrong). You are unlikely to every grow a large business because there are so few other people interested in your passion.
There are other markets where your interest/passion will make one person a nice income, but can never scale to a large company. The investors this article is concerned about want nothing to do with it: they can never make their investment back. However you as a person can make a lot of money in this niche self funding the company and growing no faster. It will be hard work, and it will only get you into the lower end of the upper middle class, never rich - but that can be a nice life.
Or you can discover the hard way there is only so much you can take of your interest before you burn out.
then you can passionaltey study people and find if they are not passionate in your passion then what passions they have and make their passions evolve your passions to passionately help their passions.
The problem with books in general and articles is that they always refer some more books to read or go indepth so it has caused me to move even far away from taking action- even the best/top 10 books is not the final list as they themselves refer another 20-50 books so i feel like its never ending cycle of slippery slope. I have completely given up on reading books and occassionaly chatgpt the problems i am currently faciing and go from there rather than ever reading a single book or article.
https://LetsLunch.com
Would love to see how you can help me send the message to companies that opening up can use letslunch to setup lunch n learn with vip's
Never
1: Change market
2: Change product
3: Change team
4: Change yourself by upgrading your knowledge/experience
4: Market changes on its own
5: Customers needs changes
6: Environment changes
All of the hunger has to come within
Experienced in building SaaS, Consumer and enterprise products in variety of domains. Based out of San Francisco and Willing to relocate for the right role.
Experienced in building SaaS, Consumer and enterprise products in variety of domains. Based out of San Francisco and Willing to relocate for the right role.
Experienced in building SaaS, Consumer and enterprise products in variety of domains. Based out of San Francisco and Willing to relocate for the right role.
12+ Years of development with last 6 years Cofounding a startup. Experienced in building SaaS, Consumer and enterprise products in variety of domains. Based out of San Francisco and
Willing to relocate for the right role.
LetsLunch.com |PHP Developer|part time negotiable| Remote|San Francisco, CA
LetsLunch http://LetsLunch.com helps job seekers meet with hiring managers at company cafeterias, tour the company experience the culture and meet future coworkers. Its like lunch date with employers.
We have setup over 100,000 lunches between entrepreneurs and are now opening the site for brands/companies to host networking lunches.
We are looking for an Engineer with YII framework, PHP, LAMP, AWS, Varnish, Linkedin/Google API's and mysql.
Any questions feel free to reach out to me at Syed@LetsLunch.com
