Finding My Next Bootstrapped Business Idea • Hacker News Board

Re: Finding My Next Bootstrapped Business Idea

#11

Post by hmhrex » Tue, May 28, 2019, 8:29 PM UTC

derrickreimer wrote: post #4

jguimont wrote: post #2

I would like to know your opinion on "When to drop the ball when trying to build a business?" You need to persevere, but like playing poker, you invested so much energy that it might be hard to pull the plug. Success might be just around the corner...

Totally! To clarify, by the "drop the ball" do you mean knowing when to call it quits if something is not working out? I recently wrote about my experience with that: https://www.derrickreimer.com/essays/2019/05/17/im-walking-a... My friend Justin Jackson also published a good article about this too: https://justinjackson.ca/giveup

Thanks to you, I finally read The Mom Test. It was extremely insightful alongside your written experience.

Re: Finding My Next Bootstrapped Business Idea

#12

Post by realty_geek » Tue, May 28, 2019, 8:32 PM UTC

Hi Derrick, looking at the criteria you listed I would say you probably could find some interesting ideas in the real estate sector. I created an open source real estate website builder and though that hasn't made me any money, it got me enough contacts and insights into the sector to make me realise how much potential there is there.

I am happy to have a chat if you want to know more. My plan is to launch a product in that space in the next 6 months

Re: Finding My Next Bootstrapped Business Idea

#13

Post by GreeniFi » Tue, May 28, 2019, 8:51 PM UTC

This is a great article. I’d advise any entrepreneur to read this, including myself 6 years ago.

Re: Finding My Next Bootstrapped Business Idea

#14

Post by f0rgot » Tue, May 28, 2019, 8:51 PM UTC

realty_geek wrote: post #12

Hi Derrick, looking at the criteria you listed I would say you probably could find some interesting ideas in the real estate sector. I created an open source real estate website builder and though that hasn't made me any money, it got me enough contacts and insights into the sector to make me realise how much potential there is there. I am happy to have a chat if you want to know more. My plan is to launch a product…

Can I get in on this chat? I’ve been looking for a home in Chicago and have found at least one tool that people seem to despise - I.e., market exists, someone is trying to service that market but doing a bad job at it.

Re: Finding My Next Bootstrapped Business Idea

#15

Post by ksj2114 » Tue, May 28, 2019, 8:58 PM UTC

"The market must already exist". I think trying to find a brand new market is one of the biggest mistakes many founders make when trying to come up with a startup idea. An existing market indicates that demand already exists!

And when "no market need" is the most common reason startups fail [1], this seems to be often overlooked.

[1] https://www.cbinsights.com/research/startup-failure-reasons-...

Re: Finding My Next Bootstrapped Business Idea

#16

Post by mooreds » Tue, May 28, 2019, 9:05 PM UTC

realty_geek wrote: post #12

Hi Derrick, looking at the criteria you listed I would say you probably could find some interesting ideas in the real estate sector. I created an open source real estate website builder and though that hasn't made me any money, it got me enough contacts and insights into the sector to make me realise how much potential there is there. I am happy to have a chat if you want to know more. My plan is to launch a product…

I worked for a real estate company for a number of years and have watched the behavior of agents over a longer period of time.

I'd advise anyone working in the software side of real estate to target anyone other than real estate agents (brokers, title, inspectors, etc) as customers. The churn is punishing, there's a lot of competition and many agents do a small number of deals/year.

Re: Finding My Next Bootstrapped Business Idea

#17

Post by sourc3 » Tue, May 28, 2019, 9:06 PM UTC

f0rgot wrote: post #14

realty_geek wrote: post #12

Hi Derrick, looking at the criteria you listed I would say you probably could find some interesting ideas in the real estate sector. I created an open source real estate website builder and though that hasn't made me any money, it got me enough contacts and insights into the sector to make me realise how much potential there is there. I am happy to have a chat if you want to know more. My plan is to launch a product…

Can I get in on this chat? I’ve been looking for a home in Chicago and have found at least one tool that people seem to despise - I.e., market exists, someone is trying to service that market but doing a bad job at it.

Count me in too! I've been growing more and more frustrated with the tools in the marketplace.

Re: Finding My Next Bootstrapped Business Idea

#18

Post by realty_geek » Tue, May 28, 2019, 9:16 PM UTC

sourc3 wrote: post #17

f0rgot wrote: post #14

Earlier quoted context omitted.

Can I get in on this chat? I’ve been looking for a home in Chicago and have found at least one tool that people seem to despise - I.e., market exists, someone is trying to service that market but doing a bad job at it.

Count me in too! I've been growing more and more frustrated with the tools in the marketplace.

mmm, wondering how to progress this. Would you guys be comfortable joining a WhatsApp group to discuss this?

Re: Finding My Next Bootstrapped Business Idea

#19

Post by ezl » Tue, May 28, 2019, 9:26 PM UTC

realty_geek wrote: post #12

Hi Derrick, looking at the criteria you listed I would say you probably could find some interesting ideas in the real estate sector. I created an open source real estate website builder and though that hasn't made me any money, it got me enough contacts and insights into the sector to make me realise how much potential there is there. I am happy to have a chat if you want to know more. My plan is to launch a product…

Also interested in this group chat. I am exploring a new idea in the real estate space as well.

Re: Finding My Next Bootstrapped Business Idea

#20

Post by ezl » Tue, May 28, 2019, 9:28 PM UTC

realty_geek wrote: post #18

sourc3 wrote: post #17

Earlier quoted context omitted.

Count me in too! I've been growing more and more frustrated with the tools in the marketplace.

mmm, wondering how to progress this. Would you guys be comfortable joining a WhatsApp group to discuss this?

Any platform works for me. Let me know if there’s anything I can do to help.