The speed that computers run means that most of the limits in building your own business is mostly based on how well you can develop software, along with the ability to keep computers running for the necessary services that software needs.
Of course, once an organization gets larger, the people running it have to spend more time managing teams, which takes away from software development. It allows larger-scale work, but the hourly-rate new hires won’t have the passion for it like the people who get paid more for doing a good job.
Eventually, the organization will mostly consist of wage slaves. Since the technology will have been established, the organization will keep maintaining and curating a potentially old “codebase”. They won’t want to change it under the “if it ain’t broke don’t fix it” mentality, partly from.
Thus, since all computer code can be improved, tech entrepreneurship always has room for freelancers and people who are willing to explore a new way to use computers.
While most business plans require plenty of assets, the only assets tech always needs are computers and tools.
- For things like distributed hosting or far-reaching telecommunications networks, you will need a lot of hardware.
- If it’s a technician or maintenance role, you’ll need a wide variety of tools beforehand.
- However, for something like software development, you’ll only need software tools besides a few computers, and most of them have open-source alternatives.
One of the most distinctive domains of business plans that contrasts with almost any other business is the freedom of version control. By releasing products to the public in alpha or beta, you have the luxury of selling a product that’s not complete and not tested, but you can start making revenue on it while receiving a wealth of information via bugfix and feature requests.
But, more importantly, you must demonstrate that you’ll make the “venture capitalists” money or, in a “not-for-profit” (NPO), legitimately change something for the better. You might get lucky and become a “unicorn” (with a company value surpassing $1 billion), but it’s more likely that you’ll have a long, hard road ahead.
In the tech industry, intellectual property is everything related to software. To that end, the risks of intellectual property theft are so strong that any organization observing your startup has every incentive to learn what they can and imitate the idea.
If you plan to sell your intellectual property or entire startup organization to a large company (especially Big Tech), get lawyers involved in the process as early as possible.