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  • #1237169
    jack0194
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    Ok, so for a long time now I’ve had aspirations of owning and running some kind of IT-related business that would mainly be e-commerce based. I even did up a mini business plan but that was a while ago now and would need to be overhauled. The other problem is I’ve only studied IT I don’t have proper IT work experience. Anyway, my question is what’s my best option?

    Option 1: go out and get an IT-related job before I go any further?

    Option 2: Go ahead and Start the Business?

    Or Option 3: Develop a more detailed business plan and look for someone to go into a partnership with?

    Thanks

    #1237170
    shamiester
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    Speaking from personal experience, I would suggest to go for option 1. Get some corporate experience first (at least couple years), understand the ins and out of how a business is run, find your niche and then go into your own business in few years.

    I started my IT business only a year after graduating and it crashed quite heavily only a year into it with a heavy debt.

    #1237192
    Paul – FS Concierge
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    Hi And Welcome to Flying Solo It is great to have you!

    Thank you for joining our community and posting.

    I agree with @shamiester – and to add to their excellent post, look for issues that companies can’t easily get sorted – problems that go unresolved because people will pay money for that and you will have found a niche.

    Most people are very self oriented when it comes to starting a business – flip the script completely – be only customer oriented. Meet a need that people will pay for and one of the most likely outcomes is profit.

    Come back with updates anytime.

    Cheers
    ~Paul

    #1237225
    Mario
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    Definitely get more experience. And not just in IT. Running a small business will need you to take on different roles, like admin, systems development, marketing, etc. Try to get these under your belt or join forces with someone that can take on those responsibilities. (But that brings in another set of complications, so you’ll have to work out partnership agreements and business structure for starters.)

    And as Paul says, find out your potential customers’ main problems and then focus on them. If your customers are going to be corporate, find out who the potential gatekeepers are so you can work out the best ways to make them see the benefits you provide to their bosses.

    You could start your business as a side hustle while working for someone else. This has the following benefits:
    – you to get an insight into what services/products would be most useful to potential customers
    – what kind of people will be your potential customers
    – you earn money to fund your business while you build it up
    – see which of your products/services work best (or don’t)

    Good luck!

      Cheers Mario
    #1237247
    Paul – FS Concierge
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    Very solid advice @mario

    Thanks for sharing.

    ~Paul

    #1237339
    I.T. Guaranteed
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    The side business after a few years is a good idea.
    The only thing I would add is do not compete with your employer, nor take their clientelle, even if they want to go with you.
    Your best option is to work for a general I.T. company in the area of your specialisation for a couple of years. Then go get a job with a non-I.T. company as their I.T. person, and then start your business on the side. Bear in mind that very few companies are accepting of side hustle businesses so read your employment contracts carefully, and declare everything required otherwise your employer could come after you for your side hussle profits.
    There is so much more to running a business than just the nature of the business. Law, marketing, accounting, admin.

    #1237341
    nbroadhurst
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    It takes a lot more information than that to decide.
    But there is nothing wrong with working for others. There is nothing wrong with working for yourself. And it is okay to be safe, separated from the danger of living while in another’s business. But on the other hand, some of the greatest entrepreneurs simply went out and made it work. That is it, they made it work. And others have claimed that their failures defined them, and how they reacted to them allowed them to learn about themselves.

    But this might help.
    Understand there are three components to success.
    1. Hard work. The guy digging the longest trench will get more money. He will also feel more complete and get the best handshakes. So hard work is important to be successful.
    2. Ability, aptitude, intelligence, including education and so on. Your ability to do work is important. Are you still learning about work and life? Those who continue studying, while working, reading, expanding their ideas, even reading wild fiction, or even religious texts, will do far better than those doing nothing. Learn about life and expand your ability to interact with it.
    3. Luck! Ever met a successful man who never had luck? Nope. You did not. You need luck. Luck can be cultivated and I notice that luck goes to those who do 1 and 2 more above. Can you increase luck? Yes. But first, concentrate on 1 and 2, and see if luck then finds its way to you. It just might. And then, be prepared to accept it.
    Good luck.
    Nick

    #1238390
    Nitish Kumar
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    you should go with the first option.

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