Software Dev is hell if you don't know what your doing. Im finding it hell even if I have some idea what im doing.
We all have that situation, where you want to push things further and are reluctant to show off an unfinished or early prototype, thats natural, im going through the same now.
Heres my journey (experience) that your looking to embark on....
My product is aimed at a niche market. My research suggests people will use it within the industry, The feedback from my research has been overwhelmingly "that would be great...i can't see how your going to pull it off though!". Its a training tool and a solution to a growing problem that is facing the industry in question.
It has no competition at all....this seems good but, actually my market research is weakened.... I have no companies to monitor usage figures of similar software to gauge realistic user numbers, no accounts on companies house to troll through to pick up the indicators of what money is or could be made from the project...all i have to go off is other companies making industry specific software in the niche unrelated to my idea.
Ive concluded Noone has done it because the technology just hasn't been there until recent years. My project brings those technology elements together to solve an industry wide problem and I now have a working prototype.....the theory has worked....its rough as all hell and 'bugged to jiggery' but shows potential.
I need to do more work to tidy it up, make it a proper prototype that I can present to the industry, fix some of the bigger issues and all of that on an ever decreasing budget. Most of this i can now do myself as the real complex stuff is settled.
Most of the work on this project has been outsourced, I come from a software background but the tech stuff is far beyond my capabilities to make work....hence where my spending has gone....and it sounds like you maybe on the same road.
So your probably wondering how much ive sunk into this app based gamble?
I had a meeting with my accountant last week to sign off the figures and 26k is where I stand.....more than double your own budget.
The moral is when it comes to software....take what you think something costs then double it. I expected from my own knowledge id be about 20k down at this point.....so slightly over in reality.
This ironically is a side project....I work on it in my spare time....while doing the day job. Yes I have literally no live
Just thought id share my own experience and the black hole you maybe heading down.
Just be prepared for alot of stress...anxiety...questioning yourself and the possibility of failure at the end with no return at all on your investment.