Sunday, March 20, 2011

Fields are always greener...

I find it quite easy to dream, a dream of late has been to become an entrepreneur. Make a sustainable business plan, and execute some technical idea which I could eventually monetize and make money from.

I enjoyed this blog post recently
Make Something People Need .

This is a wonderfully informative, real-world blog which frequents often on my favorite news site Hacker News.

Ultimately, not to dwell on that articles content, but my business must be something of real use to people everywhere.

For instance, lets take for example something local, which I manage to successfully market to perhaps 1000 people in the Dublin area, I'm not sure how realistic 1000 people is in this context, as it seems to large a number for a niche product in a city and yet too small for something of general market, but for purpose of illustration lets go with that example.

For me to have a business which earns approximately €100,000 a year, I would need 1000 clients spending 100 euro.

Is this realistic? Well thinking about it I guess it depends on the product, If it was
a monthly payment scheme it would be just over €8 a month which is very possible.

Ideas?

No comments:

Post a Comment