Quote from: Slow death on November 29, 2021, 04:39:29 PM

Quote from: bL4nkcode on November 26, 2021, 08:53:33 AM

Quote from: mindrust on November 26, 2021, 08:43:56 AM

So it was a temporary break just like I suspected. That's the thing when you depend on a third party software provider. Look at freebitco.in, the owner coded this website from nothing and he knows every part of it. Someone told me this long time ago:

"When you own a business you need to be able to fix everything there is. You need to be able to do whatever needs to be done."

This is like owning a restaurant. When the cleaner guy quits, you need to be able to clean the toilets because your chef won't do that crap. When your main chef gets sick, you need to be able to cook. When you are short on serving staff, you need to be able to serve. That's how it is like to own a business.

I guess it's okay to hire someone to build what you have in mind, but having an idea of the business and build it with yourself is much better as it will save you much money.

For this issue, I guess the software they're using is somewhat a subscription model and got a problem with the team of the software they're using since it mentioned "to terminate their contract" (speculations), but that is common problem in subscription model software in the long run.
What they need is to hire a developer to build their own software which I guess that's what they're going to do now on that 2-3 months of hiatus.

There are certain types of businesses that the owner needs to know everything to not depend on employees (third parties), in the case of a casino or exchange or even a website, it is highly recommended that the owner know program computer and be able to correct it when there is a problem, because if he doesn't know the code he will become a hostage to others, this is also the case in the restaurant or bank business. finally there are many businesses that the owner needs to know everything to not be dependent

Agreed, there are business in which you can delegate a great deal of the responsibility to your employees or to a third part,y but there are other businesses in which the owner needs to know exactly what is happening with their business and if this is not the case it is unlikely the business will succeed.

One field in which this is common is Cybersecurity, after all if the CEO or owner does not know how his employees are securing the data of their clients then there is a high chance some malicious code is inserted somewhere and no one will ever detect it, defeating the whole purpose of a company dedicated to Cybersecurity.