No product or service? No revenue.
1st venture, decided to do manufacturing. Unfortunately, it was way above what I imagined. All I released was low barrier products. But even that took a while to look good. I have numerous product ideas, but even if I make prototype. No way I can build it at affordable price and/or scale due to my skill and infrastructure. So this is essentially on hold. With this business, I just spent so much time dealing with technical issues with product and hold to build a system for production. But kinda failed at that.
2nd venture, got idea from 1st venture. Completely out of my domain. But it is a Software as a Service (SaaS). This was also to solve an issue in the 1st business. But here I am again…stuck in the building phase. And honestly this is probably going to take 4+ years minimum. Is this what entrepreneurship is like with product based business? No revenue until I finish the product.
Things I have to learn in terms of developing software: Cloud Infrastructure, System Design, Frontend, Backend, Database Design, UI Design, etc. And I’m oversimplifying.
And then I see influencers doing there thing for like a year or two and now purchasing million dollar homes. Like what am I doing wrong? I just wish I could learn faster. I spend all my waking hours non stop learning. Maybe I’m just dumb.
How can SaaS product bring in revenue early without the MVP route? Because honestly the base functionality is quite complex. Same with cloud infrastructure.
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