Startup Weekend

Can startup be founded as a side project ?

Saurabh Kamble Experienced with multiple startup and product Based company

November 28th, 2018

As per my current working experience share idea is very issue, but share you research with unknown person and what is the assurance this would not back fire ?

Beside working alone is also not yielding an awesome progress !!!!!

any Tips Guys !!!

Thomas Fraser Entrepreneur

November 29th, 2018

Absolutely, it's actually the preferred method of starting a small business. The only rush to start, or go full time is your decision to do so.


As for sharing information/ideas with people... It's true that great ideas like "the mouse" used with computers were outright stolen. Unless you've invented something revolutionary, it's not likely that someone is going to steal your ideas/concepts. However, it is very likely you will improve or expand your thoughts by communicating your concepts/ideas to another person.

Paul Garcia marketing exec & business coach

December 6th, 2018

Quite a lot of companies have started as "hobby" businesses. The trick of it is to know when it deserves your full attention and making that transition. There are several ways people often handle this. 1) They try something until they work out the kinks and use their day job as a source of funds to try. 2) They dream about turning a hobby into a business but never give it the resources it would need to stand on its own and it remains a hobby. 3) They experiment with a hobby business and fail because it didn't have the skill or resources to grow it. 4) The progress of a hobby business is too slow and it's abandoned in favor of things that take less time.


There are more ways it plays out. But you're starting to recognize the truth that there are six foundational skills that every business requires to succeed. Since no individual ever masters more than two of these skills, they always need help of some kind/amount.


People are rarely interested in stealing ideas. Ideas are cheap and easy to generate. It's the execution to turn an idea into a business that's hard and labor intensive. I literally have someone I can pay $10 for a business idea, an unlimited supply. It doesn't mean that any of them could actually become a business, because each will require resources, effort, research, planning, preparation, money, etc. So it's not the idea that has value, it's how you turn the idea into something tangible that matters.


You should be having conversations about your business with other people. That's part of selling whatever you're making or delivering. There's a difference between telling and asking though. Perhaps try breaking up the issues into smaller pieces and asking more questions to advance your intellectual resources in managing your enterprise. That's not saying you need to keep everyone at arms-length. It's designed to help you discover what areas you need the most support in, and enabling you to see things about your business from other perspectives. Even if these people will never work for you, it's likely you can learn enough to refine your product/service offering and identify gaps you need to cover.

Mr. Kelly Johnson Looking for Co-founder

December 20th, 2018

I would add to a lot of the great feedback here. Not just how much free time you have to work on your side project, but how disciplined you are at actually devoting the time too it in practice. As well as how easily "Life" can distract you while there.


I'm running into issues here. I work full time at a stressful job, then come home to work on my side project. But my toddler wants to play with daddy. Which I love, but I can't be very productive if i'm also making Mini Mouse and Goofy play patty-cake. The fight is real!

Mickey Hovel CoFounder CTO & Wanna build amazing product

December 17th, 2018

As many things in life it depends. The general answer is yes, but it depends on how much free time you have , and depending on the role you are going to fill, how professional are you, and how experienced.

Any background in former startups will also give an advantage and making you close to the answer of yes.

starting a startup is truly demanding and serious decision to make, it replace your available and expensive free time to make things, so it must be taken seriously and knowing it will demand yourself of fully dedication. Nobody want to start something, that from the very begging failed, due to insufficient dedication and sacrifice. In addition, your future customer will expect to be taken seriously, and are very demanding on the beginning, and for startup each customer is a matter of "life or dead" to your startup, and a business with no happy customer won't survive... hope it helps :) good luck

Alexandre Azevedo Founder of The Traction Stage Blog & Podcast

Last updated on December 17th, 2018

Hi, Saurabh! Nice to e-meet you!

Yes, it is possible. As an example, take a look at what Abolore Salami, founder of Riby Finance told me in the 8th episode of The Traction Stage blog/podcast:

"As a little bit of background, I had done consulting a bit. So, I used to write business plans and things like that. As we’re making income on the side—I mean, significant income on the side. And then I took a job with the company. So I was making significant income actually, and I use that income to fund the business. "

I'm pretty sure, the rest of the interview may add value to what you're trying to build.

Best,

Alex

Dom DaFonte I build products and see if they stick.

December 17th, 2018

Yes, but it depends upon your time commitments required by - the startup - primary employer - family. You have 168 hours/week and likely sleep 49 of those. That leaves you with 119 hours/week review how those are allocated and what the commitment from the startup will be.

Remi Mičiulis Building a strong team, looking for technical co-founders https://www.remi-net.uk/legal/r-team/

December 21st, 2018

Of course! Me and all my co-founders are ''part-timers'' for now as we can not employ us selves yet.


If you believe in your idea, keep working on it ;)