What is making hte WordPress/Woocommerce solution slow/ what additional flexibility would be required. It sounds like it might a better use of money to optimize the Woocommerce site than to reinvent the wheel and have a whole custom ecomm app to have to maintain.
Do you know anyone who has purchasing authority at a major bank? If yes, talk to them. If not, buy a subscription to linkedin sales navigator and start cold calling until you know someone who has purchasing authority.
If you are open to something custom shoot me an email. I have worked in this space for quite sometime and from what I have seen you are typically at the mercy of what the EHR vendor will provide.
The strategy on printers has largely been, “lose money on their hardware and make it back on the ink.” If you were to go to market against them you would be competing with something that is already losing money. For your average consumer it’s probably not worth buying a machine that is 10x better for 20x the price.
Yes, your argument corresponds to the Western understanding of a market economy.
But the world has been flooded with incredibly cheap electronics for years - some of them highly subsidized. It is apparently still profitable for this market to solder out components from used devices and reuse them in new devices.
And not just for toys or everyday appliances such as flashlights, but also for medical devices or devices with precision mechanics. I'm just surprised that inkjet printers are the exception here.
Phrasing it as the "Western understanding" of how market economies work suggests there's an alternative, perhaps in your view more correct, understanding of how markets work. Usually we don't use the phrase "Western understanding of gravity", despite it being originally formalized in the West.
Is that your intention here? If so, what would be a more suitable market environment to allow for your production of no-name inkjet printers? :)
Oh sorry, I thought it had become commonplace that the free market economy was more a construct of the "West" (Europe and USA) and that communism and Marxism were the driving forces behind the market in the "East" (Russia, Asia).
Sorry, that was in no way meant to be pejorative. I'm not an economist and for sure not a racist.
> communism and Marxism were the driving forces behind the market in the "East" (Russia, Asia).
Could you provide some examples of technological innovations, created in Asia and driven by communism?
Because, as I know, all modern high tech in Asia are made for free market, driven by will to earn money, or copy-pasted from earlier development from other countries.
I didn't mention it in the post, but this was more so coming from an angle of preparing for money running out. How much runway is enough knowing that if I fail there will be some amount of lead time to find a new gig and if that new gig will pay similarly to what I am making now.
That will depend on things you won't know until you start.
How much do you start with, what's your burn rate, how long until you get revenue, are you bootstrapping/funding, your personal cost of living, etc.
Running a business involves risk. Risk to your comfort, your mental health, physical health, financial health, etc. Closing a business is the end of all of that, not the start.
Why do you want to scratch that entrepreneurial itch?
I'm not sure I'm following this line of thinking. Are you saying that the best way to handle risks is to put your head in the sand and pretend they don't exist?
If I was thinking about driving through the Amazon I would ask others what the experience was like to better understand the risks, not just hop in the car and hope for the best.
> If I was thinking about driving through the Amazon I would ask others what the experience was like to better understand the risks, not just hop in the car and hope for the best.
Not what you are doing.
If you were probing to discover risks, you wouldn't be here asking what happens if your business fails. You would be asking how to prevent the business from failing.
> Are you saying that the best way to handle risks is to put your head in the sand and pretend they don't exist?
When it comes to entrepreneurship, yes.
You don't know what will come along and kill your business. Maybe Meta eats your lunch. Maybe the government in your jurisdiction passes a law that is incompatible with your primary monetization strategy. Maybe your house burns down and you need to sell.
Are any of these actually worth worrying over and planning mitigation against? Or are they your own personal black swan events that you just need to handle in the moment?
You know when the best time to worry about getting a job after your startup fails? When your startup fails.
To put it bluntly, this is all about mindset. You can't de-risk starting a company. You can only believe in your ability to overcome the obstacles that will come up as they come up. Planning what happens if you fail shows enough lack of belief in yourself that you almost de-facto will fail, because that exit door is always there if things get hard.
This experience is exactly what I wanted to hear about. I'm working on building up enough runway to make sure I'm not homeless but I wasn't sure if there would be long term effects to my earning potential. If you don't mind me asking, what kind of roles did you take when you re-entered the corporate world?
I'm an software developer so I would have generally looked at the same area of roles.
What specifically happened though was that as I didn't pull it off with my SaaS idea during the time I had planned, so after about ~10 months I got a part time job as a developer, to continue working on the project on the side. Eventually I lost motivation though and went full time again. But had I not taken the "part-time + continue with project" route, the better idea would have been to move slightly up in career, try be an architect, team lead, etc., as planning work was what I had needed to do for my SaaS anyway, and this angle would have made sense for the hypothetical recruiting companies as well.
Perhaps there are corners in the corporate world where they look down at people who have a "tried to start their own business" section in the CV, but in my experience these are few (and you likely wouldn't want to work there anyway).
