Sunday, December 14, 2008

The Entrepreneurial Spirit ... (Part 2)

So, i'll continue ....

During uni was there any hair brain ideas that i embarked on ... not really, thinking back, during uni i didnt do many startups or try any type of money making scheme, i was mainly concerned with finishing assignments and tryin to get good grades as well as having fun with my uni friends so any ideas of how to make money just wasnt there. Towards the end of my computer science degree i did try to start a web design company but i had gotten a job as a grad working for a big 4 consulting company getting (what i thought at the time was ridiculous money, $48,000 a year, think i was about 21 at the time...) so that idea of a web design company went out the door.

Around age 21-25: During this time all i really did was do assigments and thesis's for people. I was developing code in the office for my 9-5 and did peoples thesis's and assignments during my free time. It generated some good money, around $1000 dollars per thesis and $200-$400 per assignment depending on the assignment. So during this time, along with money from my 9-5 i was getting assignment money from people to lazy to do their assignments and thesis's.








Around age 25 - 27(nowish): So i started to get serious about doing things now ... the first hair brain idea i had when i was working overseas was to setup VSAT satellite systems and use these as the backbone infrastructure for voice over IP to all the remote regions of indonesia ! believe it or not i pulled it off at 2 actual sites and made some money. The investment was about $12,000 AUD of my own money and the return was about $20,000 - $22,000 minus various costs leaving me with about $6000 dollars for about 4 days of work. This worked but since i moved back to australia i couldnt make deals of this kind anymore

Around age 25 - 27(nowish): I came up with this idea to make life easier for certain types of people using a certain type of equipment so i designed this *thing* and put a patent (provisional on it) i just finished the market research and i have 4 retailers and 1 distrubutor interested, from a total of 15 that i interviewd, will be meeting up with the product managers of these retailers in early '09. See how it goes and whether or not it will bear any fruit.

Around age 25 - 27(nowish): In parallel to the above project is this startup im doing, we are about 75% of the way through the code and the infrastructure is about 90% built. I can focus on this because my other project (above) that im running doesnt require my devoted time as i have assigned it to someone who i am paying to complete. To tell you the truth this startup myself, garage datacenter hitman, garage datacenter artist and garage datacenter mobile man (final additon to the team) are working on is the most exciting ... lets hope it can be a major success :)

So there you have it ... my attempts at making money in somewhat unconventional ways, tried many things in the past, some failed some successful and some still in progress. However, any which way you look at it, its always been exciting and always full of twists and turns. Most importantly i learnt alot of things along the way .....

So do i have the Entrepreneurial spirit ... well i think i do, am i a successful Entrepreneur, to date no, but one that is learning alot and hopefully sometime close in future can fall into the successful Entrepreneur's category :)


OK, until next time ... think i will write about garage datacenter mobile man, the final and new additon to the garage datacenter team ....

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