Times are indeed changing. Running tech business now is far more different as to how it used to be back in the 80s or 90s. Those days starting a tech business was a whole different ball game. There was a lot of risk as well hard work involved in making your company or business successful. I am not at all trying to belittle the work that people nowadays have to put in. I mean competition is definitely fiercer than it used to be a few decades ago in this industry. Some things have gotten harder while others have become easier. Let us look at some of these changes, good or bad.
For starters the production phase has become far simpler in many ways. An obvious observation would be that as machines have become more advanced the production line machines have also become better and can handle more work. But that is not all. There are other changes as well. Back in the day there weren’t as many companies that provided elektronikproduktion at Whitways Enterprises Limited. It was a lot more expensive to hire such companies. As such you had to end up doing most of the production yourself. This involved making a lot of errors and wasting a lot of raw materials along the way. Now with the availability if cheap labor in places like China. It is far cheaper to hire such services.
Of course finding EMS providers isn’t the only thing that has gotten easier over time. You will find that even when it comes to getting funding it is a lot easier. More people and banks are willing to invest in new technology than there used to be a few decades ago. People now realize the potential one device can have in the market. This doesn’t mean that finding funding has gotten that much easier just that people have a lot more options and opportunities nowadays than there used to be. There are some fundamental differences that are there as well.
That is to say you will find that the definition of a marketable idea has changed a lot over the past few decades. Ideas now are infinitely more complex. Simple ideas are not really going to work anymore. You need to be able to better explain your concepts to potential investors as their level of knowledge and awareness has also increased. Last but not least as I said in the beginning competition is tougher. As there are already several large mega corporations in place it is very hard for a small startup to make a name for them-selves. As the years go by more and more things will change when it comes to the tech industry, all we can do is to keep observing.