Exploring the viability of a potential business

I don't think that's a true statement. I supplied costs, and a basic plan idea.

Can you maintain this service remotely or do you need to hire people who are dedicated only to you?

one last time ... how big is the demand and what is the current price point? you were will to pay $50/mo, how many others will also?

@ $360/day you'll need 216 clients paying you $50 to break even without making one cent in profit or payment for your time investment

My calculation for the full-blown service I want to offer = $360/day. I don't have to offer that. But I want to.

I can do whatever I want.

you know what, i'll ask one last time ... how big is the demand for the service? competitors? size of the vertical in dollars?

of course you can do whatever you want. it's your baby.

maybe you should consider answering the whole question since you're asking for the advice?

i've only got ~ 25 years experience as an entrepreneur so what do i know, right?

on second thought forget it, i have better things to do with my time than waste it trying to coax the answers necessary to help you.

good. luck.

Lets try from another angle.

Does your service have potential but insurable product liabilities?

In which realm of business might those lie?

Does it require bonding?

Will you be working with corporate entities or personal/residential clients?


What is your expected ROI% ?


I feel like a panelist on "What's My Line"

This clearly sounds like a "tech thing".

If you want to reach out to me privately with more details I could help you with some perspective.

I have worked as a Network and Systems admin and Monitoring engineer for 20 years and currently work at a company that is the second largest of its type in North America.

If this is related to data storage / transmission / analytics I might have some insight.

I don't think that's a true statement. I supplied costs, and a basic plan idea.

I don't think that's a true statement. I supplied costs, and a basic plan idea.

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[link to www.score.org (secure)]


Service corp retired execs…

Check it out.

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I don't think that's a true statement. I supplied costs, and a basic plan idea.

Not really.. I'm just a dude trying to break out of the matrix.

I am an entrepreneur and quite a successful one. I don’t actually know what you’re asking with this post though. If you’re asking for a risk assessment every business has inherent risk. The only controlable you have is your own work ethic. Don’t quit and you will succeed as long as your product is good. What kind of profit margin‘s are you hoping to make off each customer?

You need to take a business class.

First, you don't know what a margin is. At least watch some Shark Tank,

Second, your idea is terrible. You will be crushed like a cockroach by larger companies.

I'm looking into providing a service that I am developing.

I just did a couple of tests, and based on those tests, it looks like it's going to cost me $360/day to fully do what I want. That's a lot of money.

I can reduce those costs probably by 20% with some tweaking to how I'm developing it, but it's still a lot of money for a startup.

I am thinking of building a landing page with a signup list. That would give me some idea of how many are interested in using the service and help me determine if that service would be financially viable.

I would need a lot of signups to break even/be profitable, so there's a marketing expense involved in getting those signups. I could probably work on that marketing myself and reduce that expense.

The full-blown service doesn't have to happen immediately. I could offer a smaller subset of the service initially and make the costs even lower at first. But I really want to offer the opportunity for the full-blown service right out of the gate.

I have never run a business before. But I have thought about doing so quite a bit.

Any GLPers have any feedback? I know this post is vague about details of what the business is/will be (that's intentional).

Any/all feedback will be very much appreciated, and I think other GLPers can learn from this thread too.

you know what, i'll ask one last time ... how big is the demand for the service? competitors? size of the vertical in dollars?

of course you can do whatever you want. it's your baby.

maybe you should consider answering the whole question since you're asking for the advice?

i've only got ~ 25 years experience as an entrepreneur so what do i know, right?

on second thought forget it, i have better things to do with my time than waste it trying to coax the answers necessary to help you.

good. luck.