Mobile Monday (September 2014) - Thar Htet - Unique Challenges of an Entrepreneur in Myanmar

Unique Challengesas a

Tech Entrepreneur in Myanmar

• My plan is to come back and build a human resource in terms of a few designers and developers and work as an Android development company for the first 6 to 12 months.. When things become stable, I plan to shift my focus to my own product…..

• My assumption is that there will be a large increase in mobile phone users in Myanmar in the next one to two years.. Most people uses Android phones.. So it is likely that there will be demands for android app development especially from SMEs.. But I am not sure about whether it will be feasible to survive just as an android development firm.. Along the way, I plan to build a product as well and try to build a user base.. I have already gotten a MVP for my product idea..

FACTS

The StartHard

The Fact

Market

The Fact

Local

Human Resource

The Fact

Brain LeaksNow the real tigers are here.

Infra Strain

The Fact

drains your life

The Fact

The Fact

CO$T

The Fact

LAW

The Fact

DANGER

Easy Money Envy

DANGER

Social Work Overhead

DANGER

The SV Syndrome

DANGER

You are Not in Singapore

You are Not in Silicon Valley

Overwhelming Opportunities

DANGER

You cannot chase 2 rabbits at the same time.

Brain got Eaten

DANGER

Don’t be naive!

Crony Wannabe Syndrome

DANGER

Red Pill or Blue Pill?

Tips• Reduce your expectation to 10%.

• The development is slower than as it seems.

• Triple the amount of your expected co$t.

• Just choose one. Doing outsourcing or Doing your own product from day1 and stick to it.

• Double the time required to stability.

• You need at least 2 to 3 years to learn the lessons before your really start.

–My Dad

“e"မ$%က'ကiန'*ဘယ'eလ%က'eက%င'*eက%င'* တည'ကiန'*မeက%င'*ရင'

ရလ%ဒ' ဘယ'လiuမ4 မeက%င'*5iuင'ဘ6* ” 0 x 100 = 0

base multiplier result

Why are we still doing this?

Questions?