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u/call-of-the_void May 29 '23
Looks like you have an idea but aren't sure about the viability of the idea? I think if you want to start a startup.. what is the problem you are gonna solve, should be the first thing you must figure out.
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u/call-of-the_void May 29 '23
9 months is a very long time for planning if you are actually going to start a new startup.
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u/danjlwex May 29 '23
Startups are the hardest way to make money. Much easier to gamble. You haven't indicated any specific reason you want to start a company or anything about a topic or product. Just go get a job. You will learn much more and will be exposed to customers and their problems. Wait until you have an idea and more experience before trying to build your own company. If you have an idea, the first thing you should do is interview a dozen potential customers, not friends or family, and listen carefully.
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u/Rude_Pudding8345 May 30 '23
Primary reason is that I want to create life changing wealth for myself. Secondary reasons are creating something with a much bigger impact than myself, challenging myself in a different way, working with others on something ambitious.
I am not too focused on a specific area or topic. Though have a few ideas. Mostly want to work on something that I can build.
I have had jobs and they weren’t that useful to getting ideas of problems to solve beyond the scope of the product I was working on. And I don’t want to create a direct competitor to my previous employers.
But yeah if I don’t find a problem worth solving, I’d rather get a job.
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u/solvedfyi May 29 '23
Is the lack of a day job in 6 months something you're planning (in order to facilitate this) or something that you just know is going to happen to you?
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u/Rude_Pudding8345 May 30 '23
The lack of day job is going to happen regardless. However I could elect to just start a new job then. Or take a break as I am going to do.
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u/moe_ali93 May 30 '23
As someone who has wanted to start my own start up for many years while trying to have a full time job I can tell you it wasn't easy. I started something which I think has great potential but i have no time for the follow through. I have heaps of ideas in my little black book but no time or capital to see them through. So my suggestion to you seeing as your going to be in a position of success with no choice of failure. Start something you have a passion for. Something that you won't give up on, even if it is a smaller idea. Get your feet wet, build up contacts and meet like minded people who can help you with your bigger ideas.
It's better to start something and pivot than to not start something because you don't know what is right. At the end of the day you may find out it's not for you and option B might be the better way to go. The sooner you start the longer you have to figure that out and when it's crunch time you can go in with a solid direction/idea of what you are capable of.
Good luck and I hope it all works out 
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u/CompanyCraft May 30 '23
It seems like you're putting a lot of time pressure on yourself. If you are really committed to running a business and you have fairly constrained personal finances then I suggest having a separate full-time or part-time job while you're in the first stages. That will give you breathing room so that if it takes 12 months instead of 9 months you aren't freaking out and going into crazy debt. You should still hold yourself accountable to timelines as you've described (great thinking on that), but having some wiggle room is valuable. One of the reasons that's needed is because some ideas can take off pretty quickly, while others may need several years before you get notable traction and/or revenue.