aleksl - 8:43 pm on Dec 19, 2008 (gmt 0)

buckworks, excellent post

3) Opportunity cost: What other possibilities would I have to set aside in order to develop Idea X?

This always gets ya, doesn't it? This is where men are separated from the boys (and that includes you ladies too).

I have a project that is dragging along for 7 years now. We already top-3 in the niche...in a large, non-commercial niche. We are barely making some money, not something I can live on, but enough to drag it along into "maybe hopefully some day it will be the largest in the niche and make a killing". Not too likely. Had the same project been developed in a commercial niche, with this traffic I'd be driving Porsche and owning a yacht. wheel, If I had a mentor, he'd say "nice hobby project" too. Hey, but I've learned a lot of interesting stuff while doing it, and it helped me to get rid of 9-5 job drag.

So yes, do it.