nomeus
New Contributor
- Joined
- Mar 16, 2015
- Messages
- 66
Rep Bank
$380
$380
User Power: 109%
To start it off, I'll tell you little about my background.
I live in an Eastern Europe, so noone buys "scrub daddy" and "readerest" type of products here. We stick to necessities. Average wage is crappy here - 550 EUR after tax (and you have to pay 200-300EUR for decent 1 bedroom flat). Lots of Russian style businesses (not paying taxes (so they offer unrealistic prices), not paying wages, nasty techniques). So as you can imagine, its not exactly a paradise for starting a business. And its hard to find a niche in a country where there is less than 2 million people and 25% of that people are living with less than 350 EUR a month.
I have worked in different industries, done some very interesting jobs and even managed to start some businesses, but they all failed (I had a roof cleening business and an online electronics store, even tried buying and selling cars). They failed mostly because of the thin margins and lack of knowledge and connections, (and poor business ideas). Unfortunately, I have exactly 0 rich friends or relatives to ask business advice.
On my way to this day, I have taught myself some basic web development skills and even built some websites for small companies. Im not too tech savvy, but I do understand how and why things work.
And, because of lack of business ideas, I have come to conclusion that I have to start a small web development / marketing agency to get some cash flowing and then build our own IT products or services that we could sell. Starting from web development, I could teach myself all the skills I need to build bigger applications or products, and build a team around me.
So my question is, is it smart to start a business in a slowly dying industry, just to take it of the ground and then when that great idea strikes, move to the next level? Because in the end, its not easy to make a lot of money building websites for living, my goal is to create products and services that people will use and enjoy even outside of this country, just know, I'm short of ideas to pursue.
Thank you very much for your advice in advance.
I live in an Eastern Europe, so noone buys "scrub daddy" and "readerest" type of products here. We stick to necessities. Average wage is crappy here - 550 EUR after tax (and you have to pay 200-300EUR for decent 1 bedroom flat). Lots of Russian style businesses (not paying taxes (so they offer unrealistic prices), not paying wages, nasty techniques). So as you can imagine, its not exactly a paradise for starting a business. And its hard to find a niche in a country where there is less than 2 million people and 25% of that people are living with less than 350 EUR a month.
I have worked in different industries, done some very interesting jobs and even managed to start some businesses, but they all failed (I had a roof cleening business and an online electronics store, even tried buying and selling cars). They failed mostly because of the thin margins and lack of knowledge and connections, (and poor business ideas). Unfortunately, I have exactly 0 rich friends or relatives to ask business advice.
On my way to this day, I have taught myself some basic web development skills and even built some websites for small companies. Im not too tech savvy, but I do understand how and why things work.
And, because of lack of business ideas, I have come to conclusion that I have to start a small web development / marketing agency to get some cash flowing and then build our own IT products or services that we could sell. Starting from web development, I could teach myself all the skills I need to build bigger applications or products, and build a team around me.
So my question is, is it smart to start a business in a slowly dying industry, just to take it of the ground and then when that great idea strikes, move to the next level? Because in the end, its not easy to make a lot of money building websites for living, my goal is to create products and services that people will use and enjoy even outside of this country, just know, I'm short of ideas to pursue.
Thank you very much for your advice in advance.
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