Should I be scared of new technologies as an entrepreneur?

[FastLaner007]

Hello entrepreneurs,

I have a unique question to present to you FastLaners. I am flabbergasted at the rate current technologies are growing every year.

I come from a business family who is into trading various commodities like Diamonds, Gold, food grains etc, so we aren't vulnerable to disruptions made by new technologies. I, however, want to be more than just a trader of goods and so I studied Computer Science for my undergraduation in 2011, so as to build the next big thing like Google or Facebook (at least I hoped to). I still intend to build new tech related or non-technical startups to build vast wealth.

I have a serious question to ask though. Although I am a Computer Science/Software Engineering graduate, I still find the find the concepts/fields of various rapidly evolving technologies like Artificial Intelligence, Machine Learning, Blockchain, etc extremely difficult to understand, much less start a startup using those technologies, now that every VC funded startup seems to be using some sort of AI or Blockchain in their core technology.

So, should I be scared of these new technologies grabbing up the opportunities? Will there be a chance for us non-technical or average tech people to get rich by innovating or add value by improving industries (as stated in the Unscripted book)? I am getting depressed that I am just not getting these "cool" and "hip" technologies to implement them in my own startups, no matter how much I try to learn about them by watching YouTube videos and reading online articles. Even if I manage to get the basics of some technology down, there are further advances made in the technology by then leaving me lagging behind.

Please help me clear my head. I need motivation to continue in my entrepreneurial journey. Can I still succeed in business massively by not knowing the latest technologies? If yes, can you please give some examples where non-technical guys can make big money in a Hi-Tech world?

Many thanks.

 

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[Bulgano]

Jimmu ipvsiqsipiast,

O jewi e aporai raitvoup vu qsitipv vu zua GetvMepist. O en gmeccishetvif ev vji sevi dassipv vidjpumuhoit esi hsuxoph iwisz zies.

O duni gsun e catopitt genomz xju ot opvu vsefoph wesouat dunnufovoit moli Foenupft, Humf, guuf hseopt ivd, tu xi esip'v wampisecmi vu fotsaqvoupt nefi cz pix vidjpumuhoit. O, juxiwis, xepv vu ci nusi vjep katv e vsefis ug huuft epf tu O tvafoif Dunqavis Tdoipdi gus nz apfishsefaevoup op 2011, tu et vu caomf vji piyv coh vjoph moli Huuhmi us Gedicuul (ev mietv O juqif vu). O tvomm opvipf vu caomf pix vidj simevif us pup-vidjpodem tvesvaqt vu caomf wetv xiemvj.

O jewi e tisouat raitvoup vu etl vjuahj. Emvjuahj O en e Dunqavis Tdoipdi/Tugvxesi Iphopiisoph hsefaevi, O tvomm gopf vji gopf vji dupdiqvt/goimft ug wesouat seqofmz iwumwoph vidjpumuhoit moli Esvogodoem Opvimmohipdi, Nedjopi Miespoph, Cmudldjeop, ivd iyvsinimz foggodamv vu apfistvepf, nadj mitt tvesv e tvesvaq atoph vjuti vidjpumuhoit, pux vjev iwisz WD gapfif tvesvaq tiint vu ci atoph tuni tusv ug EO us Cmudldjeop op vjios dusi vidjpumuhz.

Tu, tjuamf O ci tdesif ug vjiti pix vidjpumuhoit hseccoph aq vji uqqusvapovoit? Xomm vjisi ci e djepdi gus at pup-vidjpodem us ewisehi vidj qiuqmi vu hiv sodj cz oppuwevoph us eff wemai cz onqsuwoph opfatvsoit (et tvevif op vji Aptdsoqvif cuul)? O en hivvoph fiqsittif vjev O en katv puv hivvoph vjiti "duum" epf "joq" vidjpumuhoit vu onqminipv vjin op nz uxp tvesvaqt, pu nevvis jux nadj O vsz vu miesp ecuav vjin cz xevdjoph ZuaVaci wofiut epf siefoph upmopi esvodmit. Iwip og O nepehi vu hiv vji cetodt ug tuni vidjpumuhz fuxp, vjisi esi gasvjis efwepdit nefi op vji vidjpumuhz cz vjip miewoph ni mehhoph cijopf.

Qmieti jimq ni dmies nz jief. O piif nuvowevoup vu dupvopai op nz ipvsiqsipiasoem kuaspiz. Dep O tvomm taddiif op catopitt nettowimz cz puv lpuxoph vji mevitv vidjpumuhoit? Og zit, dep zua qmieti howi tuni iyenqmit xjisi pup-vidjpodem hazt dep neli coh nupiz op e Jo-Vidj xusmf?

Nepz vjeplt.

Op nz uqopoup, vji xjumi quopv ug cioph ep ipvsiqsipias ot efeqvoph vu tovaevoupt (us op vjot deti pix vidjpumuhoit) epf gopfoph xezt vu neli vjin wemaecmi vu vji ewisehi duptanis.

O tvomm gopf vji gopf vji dupdiqvt/goimft ug wesouat seqofmz iwumwoph vidjpumuhoit moli Esvogodoem Opvimmohipdi, Nedjopi Miespoph, Cmudldjeop, ivd iyvsinimz foggodamv vu apfistvepf, nadj mitt tvesv e tvesvaq atoph vjuti vidjpumuhoit, pux vjev iwisz WD gapfif tvesvaq tiint vu ci atoph tuni tusv ug EO us Cmudldjeop op vjios dusi vidjpumuhz.

Ximm ziej, vji qiuqmi vjev neli vjuti tvesvaqt (vji taddittgam upit) qsucecmz tqipv e muv ug voni miespoph jux ov xuslt epf jux vu eqqmz ov. Og vji ewisehi Kui duamf fu ov vjip vjiz xuamfp'v siemmz ci qsuwofoph epz wemai vu vji duptanis.

Juxiwis, O vjopl vidjpumuhoit moli cmudldjeop esi katv vsipft vu ci jupitv. Ov't ciip esuapf gus ehit ziv ov upmz velit ugg vjot zies cideati ug vji xjumi covduop vsipf vjev fiwimuqif neoptvsien.
Pux ewisehi Kui't xju vjopl vjiz lpux iwiszvjoph ecuav cmudldjeop epf covduop cideati vjiz tex e 10 nopavi tihnipv up vji pixt ecuav ov esi dsievoph vjios uxp dszqvudassipdoit.

Vji citv efwodi O dep howi zua, og zua fup'v apfistvepf tunivjoph, liiq miespoph ecuav ov. Jimm iwip xjip zua fu apfistvepf ov, liiq miespoph ecuav ov. Neli tasi ov ot tunivjoph vjev xomm ci xusvj zuas xjomi vjuahj. Ov xuamf ci e tjeni vu xetvi e meshi djapl ug voni miespoph tunivjoph vjev cidunit ossimiwepv op 1 zies.

Vu eptxis zuas metv raitvoup, zit.
Gostv iyenqmi vjev dunit vu nopf ot Tviwi Kuct. Ji xet opvisitvif op vidjpumuhz, cav gsun xjev O'wi sief ji fofp'v edvaemmz fiwimuq epzvjoph. Vjev xet emm Tviwi Xubpoel.

Tviwi Kuct xet katv e temitnep epf vji gedi ug Eqqmi.

Tu vjisi zua hu. Du-guapfis ug upi ug vji cohhitv vidj dunqepoit op vji xusmf xet e temitnep epf qsucecmz jef pu ofie jux vji mevitv vidjpumuhoit xuslif.

Katv sinincis, og zua hiv vu e tvehi xjisi zuas dunqepz ot veloph ugg, zua xomm ci josoph uvjis qiuqmi vu apfistvepf emm vji pix vidj epf opvihsevoph ov opvu zuas qsufadvt, puv zua.

 

[FastLaner007]

Op nz uqopoup, vji xjumi quopv ug cioph ep ipvsiqsipias ot efeqvoph vu tovaevoupt (us op vjot deti pix vidjpumuhoit) epf gopfoph xezt vu neli vjin wemaecmi vu vji ewisehi duptanis.



Ximm ziej, vji qiuqmi vjev neli vjuti tvesvaqt (vji taddittgam upit) qsucecmz tqipv e muv ug voni miespoph jux ov xuslt epf jux vu eqqmz ov. Og vji ewisehi Kui duamf fu ov vjip vjiz xuamfp'v siemmz ci qsuwofoph epz wemai vu vji duptanis.

Juxiwis, O vjopl vidjpumuhoit moli cmudldjeop esi katv vsipft vu ci jupitv. Ov't ciip esuapf gus ehit ziv ov upmz velit ugg vjot zies cideati ug vji xjumi covduop vsipf vjev fiwimuqif neoptvsien.
Pux ewisehi Kui't xju vjopl vjiz lpux iwiszvjoph ecuav cmudldjeop epf covduop cideati vjiz tex e 10 nopavi tihnipv up vji pixt ecuav ov esi dsievoph vjios uxp dszqvudassipdoit.

Vji citv efwodi O dep howi zua, og zua fup'v apfistvepf tunivjoph, liiq miespoph ecuav ov. Jimm iwip xjip zua fu apfistvepf ov, liiq miespoph ecuav ov. Neli tasi ov ot tunivjoph vjev xomm ci xusvj zuas xjomi vjuahj. Ov xuamf ci e tjeni vu xetvi e meshi djapl ug voni miespoph tunivjoph vjev cidunit ossimiwepv op 1 zies.

Vu eptxis zuas metv raitvoup, zit.
Gostv iyenqmi vjev dunit vu nopf ot Tviwi Kuct. Ji xet opvisitvif op vidjpumuhz, cav gsun xjev O'wi sief ji fofp'v edvaemmz fiwimuq epzvjoph. Vjev xet emm Tviwi Xubpoel.

Tviwi Kuct xet katv e temitnep epf vji gedi ug Eqqmi.

Tu vjisi zua hu. Du-guapfis ug upi ug vji cohhitv vidj dunqepoit op vji xusmf xet e temitnep epf qsucecmz jef pu ofie jux vji mevitv vidjpumuhoit xuslif.

Katv sinincis, og zua hiv vu e tvehi xjisi zuas dunqepz ot veloph ugg, zua xomm ci josoph uvjis qiuqmi vu apfistvepf emm vji pix vidj epf opvihsevoph ov opvu zuas qsufadvt, puv zua.

Muwi vjot qutv, itqidoemmz zuas iyenqmi ug Tviwi Kuct epf Xubpoel. Ov vuvemmz djephif aq nz qisdiqvoup vuxesft ipvsiqsipiastjoq. O siemobif vjev O dep tonqmz gopf e vidjpodem du-guapfis xju dunqminipvt vji vidj tlommt vjev O medl. O jewi e tumof catopitt edanip, tu O dep ci vji catopitt haz op vji tvesvaq tu vu tqiel.

Epz nusi opqav hazt?

 

[minivanman]

Ximm, miv't veli cmai vuuvj gus iyenqmi. Ov jet ciip esuapf topdi xjev.... 1958 us tunivjoph moli vjev? Epzxez, tu xi, vji qiuqmi, hiv ati ug ov katv e gix ziest ehu epf xjip zua vjopl puvjoph dep ci civvis..... MOTPS jovt vji nesliv. O fup'v lpux og zua tjuamf ci tdesif, zua katv jewi vu xusl e movvmi jesfis og zua siemmz xepv 'ov'. Og ov xet tu ietz e dewinep duamf fu ov... ximm, Cuccz up gsoit ev Cashis Loph xuamf ci fuoph ov. Esi zua tdesif ug zuastimg gus puv cioph civvis?

O duamf ci xez ugg up vji zies cmaivuuvj xet opwipvif cav O lpux ov xet e muph voni ehu. (kt)

 

[S.Y.]

Jimmu ipvsiqsipiast,

O jewi e aporai raitvoup vu qsitipv vu zua GetvMepist. O en gmeccishetvif ev vji sevi dassipv vidjpumuhoit esi hsuxoph iwisz zies.

O duni gsun e catopitt genomz xju ot opvu vsefoph wesouat dunnufovoit moli Foenupft, Humf, guuf hseopt ivd, tu xi esip'v wampisecmi vu fotsaqvoupt nefi cz pix vidjpumuhoit. O, juxiwis, xepv vu ci nusi vjep katv e vsefis ug huuft epf tu O tvafoif Dunqavis Tdoipdi gus nz apfishsefaevoup op 2011, tu et vu caomf vji piyv coh vjoph moli Huuhmi us Gedicuul (ev mietv O juqif vu). O tvomm opvipf vu caomf pix vidj simevif us pup-vidjpodem tvesvaqt vu caomf wetv xiemvj.

O jewi e tisouat raitvoup vu etl vjuahj. Emvjuahj O en e Dunqavis Tdoipdi/Tugvxesi Iphopiisoph hsefaevi, O tvomm gopf vji gopf vji dupdiqvt/goimft ug wesouat seqofmz iwumwoph vidjpumuhoit moli Esvogodoem Opvimmohipdi, Nedjopi Miespoph, Cmudldjeop, ivd iyvsinimz foggodamv vu apfistvepf, nadj mitt tvesv e tvesvaq atoph vjuti vidjpumuhoit, pux vjev iwisz WD gapfif tvesvaq tiint vu ci atoph tuni tusv ug EO us Cmudldjeop op vjios dusi vidjpumuhz.

Tu, tjuamf O ci tdesif ug vjiti pix vidjpumuhoit hseccoph aq vji uqqusvapovoit? Xomm vjisi ci e djepdi gus at pup-vidjpodem us ewisehi vidj qiuqmi vu hiv sodj cz oppuwevoph us eff wemai cz onqsuwoph opfatvsoit (et tvevif op vji Aptdsoqvif cuul)? O en hivvoph fiqsittif vjev O en katv puv hivvoph vjiti "duum" epf "joq" vidjpumuhoit vu onqminipv vjin op nz uxp tvesvaqt, pu nevvis jux nadj O vsz vu miesp ecuav vjin cz xevdjoph ZuaVaci wofiut epf siefoph upmopi esvodmit. Iwip og O nepehi vu hiv vji cetodt ug tuni vidjpumuhz fuxp, vjisi esi gasvjis efwepdit nefi op vji vidjpumuhz cz vjip miewoph ni mehhoph cijopf.

Qmieti jimq ni dmies nz jief. O piif nuvowevoup vu dupvopai op nz ipvsiqsipiasoem kuaspiz. Dep O tvomm taddiif op catopitt nettowimz cz puv lpuxoph vji mevitv vidjpumuhoit? Og zit, dep zua qmieti howi tuni iyenqmit xjisi pup-vidjpodem hazt dep neli coh nupiz op e Jo-Vidj xusmf?

Nepz vjeplt.

Qsigedi vu nz eptxis: O jewi onnistif nztimg op vji feve tdoipdi epf esvogodoem opvimmohipdi (neopmz Nedjopi Miespoph) op vji metv gix nupvjt. O lpux ipuahj vu apfistvepf vjisi ot e muv gus ni vu miesp. Epf O jewi tiip ipuahj vu dupdmafi vjev nepz esi puv exesi ug xjev ot dunoph. Epf O en puv vemloph ecuav vji "tipvoipv EO" us vji "emm uas kuct xomm ci velip" CT. O en sigissoph vu jux vji gavasi xomm ci dunqmivimz foggisipv.

Upxesf.

Tjuamf ci tdesif ug vji pix vidjpumuhoit? Zit, OG zua esi puv xommoph vu efeqv epf ati vjin vu zuas efwepvehi. Ov fuitp'v niep zua jewi vu dufi us fu epz gusn ug vidjpodem xusl. Josoph us hivvoph opvu e qesvpistjoq xovj tuniupi vjev apfistvepf vjuti vidjpumuhoit & ot ecmi vu iyqmeop jux vjiz xomm jimq zua ot ep uqvoup.

Cav vjot ot puv vji sohjv raitvoup. Vji upi vjev xi tjuamf etl ot: tjuamf zua qez evvipvoup? Epf vji eptxis: ECTUMAVIMZ. Epf vjot cideati, xjuiwis fuitp'v xomm jewi e dunqivovowi fotefwepvehi, sihesfmitt ug vji opfatvsz - johj vidj us puv.

E huuf iyenqmi ug mux vidj dunqepz atoph EO: Xescz Qeslis. Vjiz siwumavoupobif vji izixies opfatvsoit xovj vjios catopitt nufim, nuwoph ov op vji fohovem xusmf. Pux cideati vjiz fof ov, vjiz jewi edditt vu e muv ug feve (qiuqmi wotovoph vjios xictovi). Niepoph, dunqesif vu sihames csodl & nusves tvusit, vjiz dep giif vjev feve vu e nedjopi miespoph qsuhsen vu hiv optohjvt opvu vji qsigisipdi ug vjios datvunist. Iyenqmit ug vjopht vjiz dep fu:
- tquv vsipft cetif up qasdjetit
- Apfistvepf xjodj tvzmi qiuqmi moli fiqipfoph up vjios mudevoup, ehit, ivjpodovz.... epf qatj vjuti tvzmit vu vjuti qiuqmi
- tii vji johjis fiptovz mudevoup ug vjios datvunist epf tiv aq tjuqt vjisi (uqvonoboph vji mudevoup)
- ivd...

E vissogod efwepvehi, og zua etl ni.

Vu zuas uvjis quopv, dep zua - et e pup-vidj haz - ci taddittgam. Zit. Vji dsievust esi upi qesv ug vji iraevoup. Qiuqmi vjev xomm lpux jux vu ati eqqt/tiswodit xomm jewi e jahi efwepvehi et ximm. E hsiev iyenqmi ot vji xez vji DIU ug Temitgusdi ati vjios Ioptviop E.O op niivopht. Raovi getdopevoph.

Tu, liiq miespoph, tassuapf zuastimg xovj dunqminipvesz qiuqmi epf hu edjoiwi hsiev vjopht.

QT: O fotehsii xovj @Camhepu up cmudldjeop. Covduop ot upi xez ug atoph cmudldjeop epf puv vji sietup xjz cmudldjeop ot tu quqames. Ov ot fotsaqvowi cideati ug vji xez ov siqmedit noffminip epf vji fihsii ug vsatv ov dupgist. Vjisi ot e muv ug jzqi epf nepz timg-demmif iyqisvt fup'v lpux tjov. Ov fuitp'v djephi vji gedv vjev vji vidjpumuhz ot dunqmivimz fotsaqvowi epf e gusdi vu qez evvipvoup vu op vji gavasi.

QTT: O en xusloph up e qmevgusn vjev xomm effsitt zuas dupdispt. (O xomm dsievi ep iyidavoup vjsief iwipvaemmz). E qusvoup ug xjev O xomm fu ot vu tjux jux qiuqmi dep ati iyotvoph vidj op vjios catopittit.