6 Strategies to Build Your Idea Part 3: Advanced Dev Strategies: #4, #5, #6
Advanced Strategies that Require High Skill or Investment but Reap Huge Rewards
What’s up Folks. We’re wrapping up some recommended dev strategies in this post. This is a continuation of 2 other posts I wrote. I recommend you check out the links below if you haven’t yet.
Each part of the series has a different theme:
Part 1 - How to Make the Minimalist Approach do Maximum Work for You - No Excuses
Part 3 - Advanced Strategies that Require a Lot of Investment but Can Have Huge Payoffs (This Post)
About This Post
As we’ve alluded, this post is about some strategies that require a lot of elbow grease but can move the needle in a major way in the long run. I would classify these as items that require low capital investment but high time investment so if you do not have pressing concerns about missing a time sensitive opportunity.
As with all the other dev strategies, these are made to be mixed and matched with other strategies to get your idea off the ground.
Diving in.
Option 4: Partner with Devs
Lately I’ve been putting out a lot of posts about finding the right person to found a company with. This is going to be the right path for many of you.
If you are non-technical, it is going to be one of the fastest ways for you to start moving the needle. I go in depth in the post linked above but the TLDR is:
you should strongly consider going to startup mixers or events where nerds hang out and networking.
Find someone that has the tech skills you need or someone who is likely to know others. Start .
Make a strong offer. Remember: you can have some of the donut or all of the hole. You can keep 100% of a company that has no product or 70% of a company that has a kick ass product because you swallowed your pride and made a deal with the dev.
Take ownership over the non-technical details. All the boring admin stuff. Write the spec and make it clear & easy for the dev. Do the market research. Having doors slammed in your face trying to sell. Pay the cost to be the boss.
Most of all become an expert in your target market. If you don’t already know it well, start hanging out with people that are your target customer. Speak their language. Become intimately familiar with their problems especially the one you want to solve.
Pros to Partner with a Dev:
If you pick a good dev, gets you started FAST
Lower mutiny risk because they have skin in the game
Cons:
Must have good judgment on partner selection
May need to give up significant equity stake
Requires good social skills to acquire and maintain the relationship
Option 5: Code It Yourself
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