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Ideas Without Time/Money - How Can I Make Them Happen?

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Ideas Without Time/Money - How Can I Make Them Happen?

#1
I have a few ideas that I think are potentially very good ones (i.e. currently uncommon, lucrative in the right market, socially engaging, etc.) but lack the time and money to really get any further than basic planning and peer discussion.

Or I'll start and then my wife gets angry that I spend so much time in front of the computer outside of my day-job (also in front of a computer), and I end up having to leave it half-done or less. This has happened a couple of times - sorry, if you were one of the users. It's on my list and I will get another release out.

I would like to see these ideas done up while still retaining some limited say in their implementation and management, but again the lack of capital makes actual hiring impossible.

The question is, should I just give up on these and release them into the wild and hope for the best? Should I take a stand, find some (so far unavailable) financing and hire a couple of people to work with me on them (and leave the day job and hope I can still pay my rent)? Should I leverage (or develop - same risk as above though) a crowd-sourced development system (GitHub, etc.) and find a way to equitably split any income with contributors? Should I move to a more tech-centric area with more educated investors? Find a risk-taking dev and start hitting the incubators (although my wife will probably not like that idea)?

I am open to all suggestions at this point. I would prefer to be a part of whatever develops, but I also have a strong desire to see at least a few of these actually happen no matter what.

None of them are small ideas (from a man-hours perspective), but I think a pair of good web devs and a designer could probably bang each of them out in 3 to 6 weeks. Except the one which is probably a good 4 to 6 months.

Thanks in advance, HN!

Re: Ideas Without Time/Money - How Can I Make Them Happen?

#3
You could find a partner to work on the projects with you - giving you the majority ownership of the project, while giving a major chunk away still to the co-founder. You will get some additional insight to the projects (with the final say still) as well as some additional manpower to get it done. Nothing wrong with two technical founders imho.

Re: Ideas Without Time/Money - How Can I Make Them Happen?

#4
I'm sure there are people out there with the talent and skills to execute, but no ideas. Usually you need time or money, but when you lack both, it seems like your only hope is passionately selling your ideas to convince someone to execute for/with you for free, on a partnership basis. So yeah, its time to throw them out into the wild

Re: Ideas Without Time/Money - How Can I Make Them Happen?

#5
I'd suggest for you to do some office jujitsu (work on the project while at work). If the project is tech one and you don't have the skill sets yourself, outsource via getacoder/elance. For less then a 1k you probably can get a working alpha for your product.

The key though as nolite mentioned is passion. You cannot be a successful entrepreneur without it. If your wife yell at you and you are passionate enough about what you are doing, yell back.

This is your dream. Make it happen.

Re: Ideas Without Time/Money - How Can I Make Them Happen?

#6
Read The Four Steps to the Epiphany, do a SWOT analysis on these ideas. Determine, with some degree of confidence, your ability to reach the markets your services target, the costs involved, and their propensity to spend on your solution once the technology is actually implemented. Then focus on the solution that has the greatest potential.

Re: Ideas Without Time/Money - How Can I Make Them Happen?

#7
Either publish your ideas as proof of concepts and encourage others to take over (with no shares for you) or prepare better (don't plan just code, plan execution - how much time will you spend after work & discuss with your wife) or make sure that you have cash for 6-12 months and your wife is ready for 4 years of struggle (and I'm serious about the amounts of time I mentioned)

What won't work - finding somebody more motivated and giving him 80%... if you have 20% then you will be a cofounder and long nights and plenty of work will be required of you. Also getting money an hiring people won't work - as a CEO you will still have plenty of work and it will be even harder because you will need to coordinate their work - if your wife tells you to go to bed then you cannot finish that spec for a designer and he will not do his job. One or two times like that and you will lose speed.

Finally, a thing that helps - having users (and paid users even more). Get stuff out of the door as fast as possible. Asap = 2 weeks if we're talking software.

Re: Ideas Without Time/Money - How Can I Make Them Happen?

#10
post #4

I'm sure there are people out there with the talent and skills to execute, but no ideas. Usually you need time or money, but when you lack both, it seems like your only hope is passionately selling your ideas to convince someone to execute for/with you for free, on a partnership basis. So yeah, its time to throw them out into the wild

I have yet to meet someone with talent and skills to execute who did not have ideas of their own.
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