Startups I have trouble releasing projects. |
- I have trouble releasing projects.
- Didn't realise I was supposed to be paying corporate tax... How screwed am I?
- My cofounder changed equity on me - red flag?
- Marketplace startups: how badly has PSD2 legislation affected you?
- ‘Nudge’ let’s you become a CEO for $1. I’m a CEO now I guess?
- Starting a business on the side of a job
- Thoughts on marketplace MVP
- Is 10% too much?
- How do you handle selling a product to your first clients, knowing that the product isn't 'complete' until it has withstood having a few real users?
| I have trouble releasing projects. Posted: 29 Jan 2019 11:35 PM PST I have a bit of an issue, it's where I develop a cool project which has potential. I finish it, but I never release it. I might put it live on its website, but I never market it. It likely stems from not valuing the project, because I'm the only one who worked on it, and I struggle with how something I made for myself has any value and is worth pursuing. If I couldn't code and I couldn't do a bit of designing, and instead I paid tens of thousands of dollars for this, I would absolutely be excited to release. But when it's all me? Nah. I've got one really cool, finished site that has a LOT of potential that I've iterated three different times and it's currently in the best place it's ever been, but after two years, I've still not released it. If I came across it (rather than having made it myself) I'd probably think it's worth something, but because I made it myself, I just don't view it the same way. I know if I were hired to make the site I'd charge a lot of money. Anyone similar? You develop something but you just never get around to releasing it, you move onto the next thing. I'm getting there. I've almost released it. I think I will this week, but it's after two years of on-off work. And I never didn't believe in the idea or the execution. [link] [comments]  |
| Didn't realise I was supposed to be paying corporate tax... How screwed am I? Posted: 29 Jan 2019 12:53 PM PST I set up a limited business in the UK back in August that has been doing OK. I'll be honest and this will probably get a lot of hate here but please try and go easy on me. Basically I'm not the most clued up business man in the world. I can sell well, but when it comes to accounting e.t.c I tend to put it to the back of my mind. I have always been under the impression that a business could earn up to 80k before having to register for VAT. Because of this I was not even aware corporate tax was a thing and have recently found out I am supposed to be paying 20% of all profits as corporation tax. Long story short I don't have this money and now I am so scared. Yes I'm aware I'm stupid as hell, I just don't understand how people are supposed to know this stuff. It's not like there's a specific government manual on what you need to do, I researched a lot when I started my business and never came across corporation tax. Regardless I'm willing to admit that I'm a massive idiot. Is there anything I can do, or should do? If I am forced to close the business because of this it will be so sad as I've just started doing well. My only idea is that as I have a few months left to pay, I can maybe try and make lots and lots of money whilst saving say 50% of all profits to try and cover the 6 months worth of tax I haven't paid. It's a long shot but it's the only thing I can think of. [link] [comments]  |
| My cofounder changed equity on me - red flag? Posted: 29 Jan 2019 08:54 PM PST I turned down a great internship at a top five tech company in order to help my friend out with a startup she'd been working on for over a year without any progress. The first time we sat down and talked about our partnership, I asked her what equity she'd be willing to offer. She said 50-50, we shook on it and went along with our business. She came back to me a week later (before we officially started working together) and 50-50 was too much (I agreed back then but didn't say anything). So, we agreed upon 33.3-66.7 with benchmarks to get 50-50 in the years ahead. Later on, after about two months (now after turning away a great internship), right before we were to ask our lawyers for paperwork, she comes back and says 49-51 (her controlling) now. The thing is, I was under the impression that all major decisions would be made together so 50-50 in some form was what I had always expected between us. The thing is, I really care about my cofounder as a friend and I know she has problems being assertive with herself. Plus, I really, really love the work. However, this type of fluctuation on equity especially after I'd jeopardized my own career seems like a major red flag in the startup world. What do you think? Is it worth sticking around or talking to her about this? [link] [comments]  |
| Marketplace startups: how badly has PSD2 legislation affected you? Posted: 30 Jan 2019 01:39 AM PST I'm surprised to find very little on PSD2 on reddit (and elsewhere) in regards to marketplaces considering the huge implications.
This means that the likes of Ebay, Amazon, Shopify, Kickstarter, Deliveroo, etc. should all currently be operating with a license to operate in the EU. However, this is very costly and time consuming for smaller startups. Have you guys taken this into consideration, and if so; how have you structured your payments and payouts in order to comply? I'm assuming this equally affects US-based startups as long as they also operate a marketplace with clients and/or vendors based in the EU. Thanks to everyone in advance! [link] [comments]  |
| ‘Nudge’ let’s you become a CEO for $1. I’m a CEO now I guess? Posted: 30 Jan 2019 02:30 AM PST I don't want this to come across as an ad or self promotion or anything like that. I didn't create this and have no connection to it. Just saw it and think it's cool. I use this chrome extension called nudge which helps you curb social media addiction by greying out certain colors, letting you be aware of how much time you're on, how many logins you've made etc etc. I've posted a few times about it on Reddit because I genuinely think it's dope. Anyway, the creator posted this which is both funny and pretty clever. I thought it would be cool to post here but I dunno if it's the right place? Basically he's offering a CEO position anyone who donates $1 a month. Lol. I'm doing it and hell yeah now I'm a CEO. Anyway here's the link. What do you guys think of this idea? https://medium.com/@louisbarclay/become-ceo-of-this-sexy-startup-for-just-1-a-month-6f3db6828410 [link] [comments]  |
| Starting a business on the side of a job Posted: 29 Jan 2019 05:15 AM PST Hello, I'm hoping someone can help me. I want to start my own business on the side of my everyday job. However my boss is a bit of a psychopath and my contract said anything I create belongs to him while I work here and I can't work for any companies now or for my next job that are similar. I know he'd be the kind of person to take my business if he found out about it. I work in fashion ecommerce and for my business I want to sell jewellery - so they are similar but not the same. I'm wondering if I registered my mother as the sole trader for my business (which she has agreed to) if this is legal and would prevent me losing my business? [link] [comments]  |
| Posted: 29 Jan 2019 09:53 AM PST Hey guys, I am currently working on a new marketplace for buyers and sellers of a niche service. I'm currently in the stage of building my MVP, however, the development process is going a little slower than anticipated. I'm considering putting my website live(with no actual product) in order to gauge interest. I'd like a landing page for potential buyers and one for potential sellers. I'm thinking about starting a mailing list for updates to see how many users I can get interested. I'd love to hear everyone's thoughts on this as I believe getting a site out first will at least provide me with learnings for my product. [link] [comments]  |
| Posted: 29 Jan 2019 05:06 AM PST Hey guys, so basically here's where I'm at. I'm in the very early stages of my startup, like I literally just drafted my business plan up last night, and I've decided that what works best for my idea is charging my clients a percentage of all transactions that go through the app. I did some research and crunched numbers and figured the minimum I'd need to be profitable and pay employees and myself would be about 2%, but I was thinking of pricing it at 10%. Do you guys think this is too much? I'm new to this world and I don't know how greedy execs can get, and I don't want to risk pitching 10% and having them tell me to piss off. Idk if it matters but I'm a 23 year old Finance and Marketing double major (still in school), I say this because my mom started her business young and she said a lot of people didn't take her seriously at first. Is 10% too much? Is it fine? I know you guys can't predict what my clients will think, but just as business owner, is 10% a price you'd pay? Thanks guys! [link] [comments]  |
| Posted: 29 Jan 2019 04:59 AM PST I'm thinking I will tell the salesperson to be open about the fact that the service is new so it could have bugs, that will be resolved as they come. I don't want to just lie and say everything's great. What's the right thing to do? This text is to meet the 500 character post requirement. This text is to meet the 500 character post requirement. This text is to meet the 500 character post requirement. This text is to meet the 500 character post requirement. This text is to meet the 500 character post requirement. [link] [comments]  |
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