Hiring people to create a product

[mrski]

Say I've got a physical product in mind (electronics cleaner) and a short budget, is it smart to hire someone to create it? I can't make it myself as I have no knowledge on chemical engineering, but i think it's also inconvenient if choosing that path means I have to spend nearly all of my money for only a small stage in the process. Or would it be better to create income after learning a skill, and then investing it into my business after? If it's the latter, is web design a good idea?

 

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[Jobless]

Your budget is what? And the cost is?
If the budget is low when hiring, do you think this will attract quality talent?

i think it's also inconvenient if choosing that path means I have to spend nearly all of my money for only a small stage in the process

Yes, it's not wise to do something where you risk almost everything for an unknown outcome. Figure out if there is a need first, try to get a pre-order, etc.

In general, if you lack money, the first recommendation is to work a job until you have some money to spare. Then, it's often cheaper, lower risk and faster to start a service business. A product business requires more time and capital but has higher upside.

 

[RightyTighty]

Most here subscribe to bootstrapping. Besides accommodating a tight budget, doing at least the initial technical and logistical legwork will help lead to the product you have in mind (do you even know what instructions to give to a chemist at this time?) and will definitely make you better qualified to deal with all other aspects of your business. It’s not at all unrealistic to educate yourself and completely develop your product, including writing your own Provisional Patent Application. It takes a lot of work, but much of the knowledge is foundational and will serve you well in future endeavors.