Getting rich shouldn’t be your goal when launching a startup.
Thousands of people who are better developers than you, are better at evaluating markets, and better at marketing software have built products and still work for a living.
There is a chance that your startup will provide riches beyond your wildest dreams. A slightly better chance than buying a lottery ticket.
And while it’s true that you might get lucky your first time, “luck” is not a plan.
Have you ever considered aiming for a modest outcome?
This approach gives you time to learn the ropes. There are hundreds of things to learn your first time at the plate. That learning curve coupled with a big market and big competition is very likely to crush your chance of success.
Your first time at the plate you already have one things stacked against you: lack of experience. Don’t stack the complexity of a big market/big competition as well.
Maximize your odds of a modest outcome by choosing a niche market. It’s not as sexy as conquering the world with the next brilliant consumer-focused social media network microblog app, but your chance of a modest outcome is 10x…perhaps 100x greater.
Start your startup. Learn the ropes.
Then, whether you succeed or fail, you can swing for the fences. That second time you may just make it.
(Since several have asked…this is one of the reasons my upcoming book about starting a startup is titled Start Small, Stay Small)