I once asked a friend who had ran a few businesses in his spare time how easy it was to start up a company. He told me it was very easy, cost as little as £10. I was a bit taken aback. I’d always wanted to start a business, and had a few ideas here and there, but I was held back by my thoughts and fears about all the costs, the legal mumbo jumbo and how to market.
For many years I’ve had ideas for solutions, integrations that I’ve developed for my employers (sometimes in my own time) in order to solve a specific problem I was having. I wasn’t asked to do it, I wasn’t sponsored to do it – I did it because I needed something. The problem is that once you build something for your employer – the intellectual property becomes theirs – despite the fact they never commissioned it (and in some cases they don’t even care).
The best I got for my contributions was sometimes a pat on the head, the worst, would be that it was completely ignored or not understood. I can’t say what’s more frustrating but what I can say is that I’m ready to end those frustrations.
Fast forward a few years, and I’ve decided to partner with a long-time friend and start Traversys.
From now on, the tools that I need are going to be built on our own time, with our own hardware, and with free license for us to use them in our employment. Crucially, the IP will be owned by Traversys – and in many cases will be Open Sourced.
My friend was right. Starting your company is actually very easy, but starting a company when your business partner lives overseas, and you intend to keep working the day job (which influences and funds your ideas) is not.
The chance of success is there, but more importantly this is about finding a place for our ideas to become tangible products, that others may find useful, and be prepared to pay for.