It's a big gamble. I think the most important factors are:
- How much do you believe in the idea?
- How much do you believe in the people running the company? (I've seen a
lot of great ideas run into the ground by people who just don't know what
they are doing)
- How much is your time worth to you?
- How much free time do you have to spend on this project?
- What are you giving up to work on this project?
- Are you a gambler?
- What's the likely payoff if the project succeeds?
- What's the projected monthly/yearly revenue for this thing you are
building?
- How much of it would you get?
- Is there a solid business plan in place or do they just have an idea?
The simple fact is, most new businesses fail. They most commonly fail
because the core idea wasn't well thought out, there wasn't a solid business
plan or the people in charge simply didn't know what they were doing. Even
the best ideas may not work because there isn't a big enough market for the
idea, too much existing competition, or a general lack of willingness for
people to pay for a product.
However, if you have the time and the skills and nothing better to do it
might be worth a shot. If nothing else, you might learn something new that
helps you later in life.
=]
--
Alan Rother
Adobe Certified Advanced ColdFusion MX 7 Developer
Manager, Phoenix Cold Fusion User Group, AZCFUG.org
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