Drug dealers shouldn't make iPhone apps
maxkle.in
maxkle.in
Think hard about the things that actually make you excel at what you do, it's probably much less concrete. Richard Branson started several totally different businesses - but he's sticking to his core competencies of being a ridiculously good showman and businessman, and being able to get shit done.
I'd figure a good gigolo might be good at understanding how to give people what they want.. which translates pretty well to anything.
Your final point about someone understanding how to give people what they want is the true skill. Its these true skills, like the analytical mind of a programmer, that can translate into different subject areas, you just need to find a way to acquire knowledge and apply that with your skills to another topic.
Whilst of course it's sub-optimal to discard or under-utilise what knowledge or experience you currently have, it's probably even worse to not keep learning new things. And more often than not, business experiences are transferable. OK you may not know the technicalities of a new field, but these can be learnt.
Basically: a gigolo for tourists is probably not the best source for business wisdom.
And I think a guy that figured out how to make $100,000 a year is a pretty good source of business advice.
> And I think a guy that figured out how to make $100,000 a year is a pretty good source of business advice.
It wasn't a 100k/year. It was a 100 total, over several years, and that's only his word for it. These things tend to be exaggerated. But anyway, so what if he did? I could probably make a 100k a year selling my body, but I'd rather not.
But look, let's keep this in perspective. This is a blog post by an entrepreneur with a new start-up. This is nothing more than press, publicity, visibility, mind-share, whatever, designed to get people talking, discussing, linking. So to be taken with a pinch of salt at best.
The very fact that people know the name "Richard Branson" and that he's personally involved in all these ventures is a big part of it.
Edit: It's not a criticism--it's hard to succeed in different fields--but the basic idea of the OP, which is to expand your business ventures along the lines of what you know how to do, still applies to Branson a lot more than he's a counterexample of it.
The point about staying in one industry is not about your technical knowledge, it's about your relationships. These are hard to build, and are the major barrier for all new ventures in any business: building your customer base, your sales channels, reaching out. That's tough.
That may be less important for him nowadays with a licensing/franchise model.
I think the point should be experience in a field is extremely valuable given all the time that had to be invested. It really should stop there.
The second conclusion - that you ought not to jump fields because of the experience advantage that you would be losing - is false.
Only for sufficiently large values of "full scale".
http://www.nytimes.com/1993/09/09/business/soros-real-estate...
http://www.independent.co.uk/news/business/british-land-in-j...
I used to be on one of the biggest drug dealers on my side of the city and I now make iPhone apps (among other ventures).
I worked my way up to selling about 2 kilos of crack a week, starting from "20-pieces" (little rocks that weight 0.2 grams, sold for $20).
I'm definitely not proud of myself for doing so, but those few years have taught a me a lot about running a business (including money management, cultivating relationships, "hiring" personnel, and the economics of supply and demand) and gave me much of my entrepreneurial spirit.
I was a good ranch hand before I was a good fine dining waiter. I then proceeded to become a good engineer, and now I am proceeding to try to be a good web developer. My life would have been a lot more boring, had a stayed a ranch hand, or a waiter, or an engineer.
In calculus, you learn about local maxima and local minima. Your life can have these as well. You sense that you're at a maxima, and if you proceed in any other direction, you will go down. Some people refuse to take any step that feels like a step down, even if the path can take them to a higher local maxima than they were at before.
I was a bad waiter before I was a good one. I was a bad engineer before I was a good one. I'm not a great web developer yet. If your ego can handle going from good to bad, I think you shouldn't stay on your little local maxima, trembling that you'll get knocked off it by events you can't control. Jump off of it of your own free will.
Plus the holy grail of game development is making the game addictive
is webapps -> mobile apps as big a leap as drug dealing -> real estate?
isn't it likely that, within 5 years, many mobile apps will actually be webapps?
a) Your experience from a previous career might translate well to the new one.
b) The cost of developing an iPhone app is now low enough, that you can give it a shot and see if your idea is any good, for example by virtue of a)
Heard of Farmville or World of Warcraft?
WoW even borrows the first-hit-is-free, by encouraging each purchaser to share the software with their friends. The entire universe of WoW is a streamlined treadmill, for keeping players addicted. From depreciating gear, inflation, achievements, status symbols... it has it all.
Tongue-in-cheek, I know. But I can see how combining the drug dealing experience with video games could lead to insights such as Blizzard and WoW.
Stability is hugely under rated these days.
it's much better to move from being a drugdealer
into other legal businesses, even with the cost of
learning ...
Exactly. The question to ask is whether what you know now is what you should know tomorrow (or, is what you knew yesterday still appropriate for today).And then decide if the cost of transferring is worth it.
A problem with sticking with what you know and what has brought you success in the past is that times and markets change.
The gigolo probably should open a bike shop. But hire someone to run it. Running a bordello is likely to get his ass in jail. Which also suggests that not every move to a related field makes sense. Going form one dubious activity to another dubious activity might not be the best business choice.
One issues I've seen with developers who want to have a business is that they tend to stick to what they know, while not checking to see if what they know lends itself to a sustainable business.
I wanted to hear about why Pfizer shouldn't make iphone apps...
Counter-example: Arnold Schwarzenegger
While true, more important is
Good all-round knowledge in solving problems that users have every-day by using techology is 100% transferable between all computer and non-computer solutions. If you are good at finding niches in the market where users need help, how the hell is that no transferable?
Now maybe writing webapps does not mean I can write great mobile apps, need some training.