Questions

A whole lot more data is needed before anyone can answer this question.

"Some people want it"...have you identified a target market? Are there similarities in these people? How many? Did they tell you what they'd pay for it? Why didn't they pay you for it already (before you wonder about this, people do it all the time: it's called Kickstart)? Do you know how to reach these people?

What are your costs? Can you charge a price that gives you a profit? Will people pay it?

Have you locked in a steady source of supply (manufacturing) for your product? Do you have a backup manufacturer in case this one flakes out or implodes?

Do you have a sales team? How are you going to reach the market and generate revenue? Do you have the budget to do so?

Do you have the cash to fund the startup? Can you replace your own income safely to "fully pursue it"?

I recommend you get the Amazon/Kindle book "How To Quit Working" by Jeff Steinmann. It will give you the roadmap on how to make this transition, and is the #1 business book I have found.


Answered 10 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2024 Startups.com LLC. All rights reserved.