Should I hire someone or tackle it ourselves? Should I entrust the task or take it upon myself? These questions have constantly plagued my mind as we establish an ecosystem centered around property technology and the future of living.
The answer is never straightforward, but the pivotal factor that consistently influences these decisions revolves around time and budget. More often than not, our budget falls short of what’s necessary to bring our desired project to fruition. However, time is also a crucial consideration. How quickly do I wish to see it materialize? No matter how much money I invest, it never seems to be built rapidly enough to appease my impatience. Thus, over the years, I’ve learned the importance of constructing a rudimentary version of my dream and iterating as time progresses. This approach, commonly referred to as an MLP (minimum lovable product), allows us to take strides forward. Our initial version possessed an impressive appearance but lacked the necessary infrastructure to generate profits. The second version remained unfinished, yet it proved to be lucrative. Our third attempt faced a shortage of funds to explore a new market. The fourth iteration boasted greatness, but it lacked a strong sense of community. Each product iteration serves as a catalyst for learning and evolution, yet we’ve always opted to handle the development ourselves. Delegating the vision is challenging, even when presented in simple terms, as the essence of the idea may not be adequately understood.
The most successful approach for me has been to delegate tasks that align with my weaknesses while passionately constructing what truly drives me. By sharing the vision, collaborating with our team and clients, and, above all, exercising patience and adaptability, we’ve witnessed remarkable outcomes. My dream product never materialized precisely as I had envisioned it. Instead, it surpassed my wildest expectations due to the vibrant community that shaped its trajectory.