Existing risks

The risks of creating your own project when a large company decides to create exactly the same project include:

1. Increased Competition: The entry of a large company into the same space can intensify competition, making it challenging to gain market share and attract customers.

Solution: At the moment, there are no competitors or indications of potential competitors in the public domain who are developing or planning to develop a similar product with the same functionality.

2. Resource Allocation: The project may require significant resources, and competing with a large company for talent, funding, and other resources could pose challenges.

Solution: Since the project is being developed and built on the principle of a minimal hierarchical management and support system, it will not be prone to inertia and the risks associated with large companies. The project development takes into account the possibility of using a crowdfunding system and partially or fully transitioning the project to open-source funding.

3. Market Penetration: The established brand and resources of the large company may make it difficult for a smaller project to penetrate the market and gain visibility.

Solution: The product must be maximally competitive and sell itself from the outset - this is the strategy of this company.

4. Innovation and Uniqueness: The large company may have the capacity to innovate rapidly and replicate features, potentially diminishing the uniqueness of the smaller project.

Solution: Every company develops its product, and if their product was initially developed without considering possible changes, very often - the implementation of new functionality is associated with serious difficulties. This product is being developed from the outset with maximum flexibility for any new functionality and without any narrow specialization of the product.

5. Financial Stability: The financial strength of the large company may allow it to sustain prolonged competition, while a smaller project may face financial strain.

Solution: The project takes into account the possibility of survival even with zero financing, with a complete transition of the project to crowdsourcing rails. Simply implementing the project will take more time.

6. Customer Acquisition: The large company may have an existing customer base and marketing power, making it harder for the smaller project to attract and retain customers.

Solution: The capabilities of large companies are exaggerated. The advantages of small, unknown companies and projects are underestimated. Dark horse.

7. Reduction in company value: Possible reduction in the value of the uniqueness of the project if a large company offers similar capabilities or services.

Solution: Large companies are generally not oriented towards creating a product in the same way as this one, and are incompatible with the principles on which this product is built.

Creating a VR sandbox is just the first stage of product development. There are plans and a vision for how to further develop the product to maintain a competitive advantage.

8. Need more marketing: The need for a more active marketing strategy to differentiate your project from competitors.

Solution: The main marketing strategy of the product is the ability to use the product with pre-built functionality and create add-ons. This essentially allows customers to create their own product that is highly flexible and tailored to their own needs. As a result, the product will grow and become popular through the developer and user community itself.

9. Investment difficulties: Possible difficulties in attracting investment and financing the project due to competition with major players.

Solution: The innovativeness of the project. The project is also not narrowly specialized for specific areas and niches of human life. The project aims to cover as many areas as possible where VR technologies can be applied, thereby diversifying the risks of the project becoming obsolete.

10. Competition for employees: Potential difficulties in attracting qualified specialists due to the attractiveness of a large company as an employer.

Solution: At the moment, there are no competitors or indications of potential competitors in the public domain who are developing or planning to develop a similar product with the same functionality.

11. Competitiveness: The need for a more flexible and innovative project development strategy to maintain competitiveness.

Solution: Large players cannot create competition to attract investments, as large companies generally strive to create their own product and tie it to their own cloud server infrastructure. However, this product is oriented towards providing the opportunity to decide where and how the server will be serviced, including local closed networks.