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Website Intro: Hello! I'm here to tell you how my life changed since I learned to build websites and became independent blah blah blah
Me: Cool. One sec.
*scrolls down*
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Me: Bruh... No.12 -
So, basically i am getting desperate, and i'm also angry... and want to cry, and i feel a failure.
My biggest error in this story is "believing"
First of all, I'm a starting entrepreneur as freelancer, started of 6 months ago, back then it all seemed bright, i had my first customer, they believed me, got a second assignment for that same customer, fulfilled the task in brilliance, and was ready to move on to a bigger customer base. Here's where shit goes wrong.
Working with another office that outsources people to various (goverment) contractors, Had a meeting with them, we would cooperate very soon. This was january.
PM: "We've got a gov Dept as a customer that wants to do project XYZ and starting in february, requirements are yadiyadiyadi, you up for it?
Me:"Sure, send me the specs, and timeframe and i'll apply with my offer)"
Project is about a bit backup system migration, lots of fancy shmancy tech used, 2 datacenters setup... a big project that can take up several months...
- sends offer- received an acceptance on the offer
PM " Great, we'll start end of february"
Me: "Ok, end of february is a go then, looking forward to cooperate"
FF to near end of february, receive msg from PM: "Project XYZ delayed until half if march"
Me: "Okay... what is the delay?"
PM:"Govt bureaucracy"
Me " Ok, let's keep in touch"
Near Half of March
PM " Project delayed again".
Me: " Okay... what's the reason?"
PM: "they have decided to take a different approach, and want 3 datacenters now"
Me: "That will change the offer i made for you, can you send me the specs?"
PM: "No, because they havent decided on the techs used, expect end of march"
Me: "Okay...but once you got the specs,s end them to me"
End of March
Pm: " Hy NeatNerdPrime, we still havent got any specs yet... they still forgot to make the shopping list"
Me: "(-_-) ... I thought they already had that covered"
PM:" No, new Govt budget cuts and lots of changes, basically, they still don't know what they really want. But we're just -delayed- , not -cancelled-"
Me: "Okay... i hope we get started soon"
PM: "expect launch beginning of april"
I was not really satisfied with this explanation.... but ok
Beginning of april, at april's folls day
PM "Project delayed again"
Me: " This is a joke right?"
PM: "Sadly, no, they delayed the project since they don't really know what they actually want, we are trying to give them the proposed solution... but they still need approval, and still need to set up shopping list"
Me:"when do we start then?"
PM: " I was told 17th of april'
Me:" I really hope it gets through, i had to decline some proposals for work for months due to this, this ain't funny"
PM: "I know, i'll make up for it"
15th of april...
PM " Project delayed again"
Me right now almost losing my shit
"why this time??? I thought you said 17th of april real launch!"
PM: "they fired their PM, need to hire a new one, delayed until May/June"
Me: "I've set aside some other assignments just because you said you were going to launch at those dates... This is really pushing my limits, can you give me SOME assurances?"
PM: "5th of june would be official go" Me: " Okay, i'm noting 5th of june in my agenda, let's get this through!"
And now i get a message...stating that the date of 5th of june , is for another project, at the same goct dept, but totally different project
WHAT THE FUCKING SHIT I'VE SPENT MONTHS WAITING FOR A PROJECT THAT WAS PRACTICALLY ALL SET AND GO AND EVERY SINGLE FUCKING TIME IT GETS DELAYED, EVERY FUCKING TIME I THINK "you know, i cannot accept these offers since that Govt project will start soon, i cannot do 2 assignments at once especially when they require me to work at govt office at the capital..." AND EVERY FUCKING TIME IT GETS DELAYED!!!
I feel at a loss now..... i've done i think the most horrible thing you can do as a independent and that's not accepting another assignment just because there was a concrete promise for a govt contract...
Almost dried up, nothing much left, had to do some spending because of a move to another apartment... I'm feeling really down, and angry...and down, but mostly angry, for not accepting those offers in the meantime...13 -
When Zuckerberg says "Move fast and break things", it's "innovative" and he is an "entrepreneur", but when I "move fast and break things" it's "reckless driving" and I'm "causing car accidents"...6
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Had a team with
1 entrepreneur who has this great billion dollar Idea and want me to sign an NDA before he can share the idea
1 newb who thinks that X language is the coolest because that's what everyone on Hacker news says
1 person who spends more time with other team than yours. I'll be fortunate to even spot him during the hackathon. Aka, "networking guy"
And then there's me, wondering why was I even here in the first place
Oh wait, that's the every hackathon I've been to.7 -
Non-dev boss: "so, what are you working on today?"
Me: "I'm working on the API"
Non-dev boss: "that's what you said last week! Why aren't you progressing?"
💢5 -
When an "entrepreneur" tells you about his "fantastic" ideas and expects you to be all excited and wanting to develop it for him.
Nope.7 -
Nothing technical
Just wanna share with my devrant family.
Now I have own restaurant.
Ya ya I know it's nothing techie but I m happy that I own some business and I will test my entrepreneur skills here.
Fucking happy.38 -
When you read a CV and it states "I am an entrepreneur and have run various startup websites". Experience "Junior Developer... Developer... CTO... Developer" WTF!
No. No. No. You have had personal projects/a blog which is not a startup and does not make you an entrepreneur.
CV goes to trash pile.10 -
What's so wrong with having no name for my position?
I mean, it's only me in this startup.
I AM THE STARTUP, DAMMIT.
Do I really have to start calling myself a CEO just to appear trustworthy?
But how does one become a Chief if there's nobody to supervise?
Hustler? Rockstar? Too 'startup'ish and just sad.
Entrepreneur? Founder? Sounds like something a scammer would use.
I'll just stick to leaving my position blank on my business card, thank you.20 -
So I ve been clinically depressed for about 10 years now. Been really great at hiding it. My illness and loneliness was so severe that i made up imaginary friends and that got so severe i couldn't tell what s real and what s not. Then about 5 years ago, i met a girl. As the cliche goes, everything felt better. Sunshine and stuff. I opened up to her. Shared stuff. I started becoming normal. The pain became bearable and manageable. Turned to entrepreneurship. Had goals and stuff. Had 7 failed startups but kept on going. Raised investment for an 8th. It went better than anyother. Was going to become the next big thing bla bla. She became the reason i turned from being a loner weirdo to someone awesome. Anyway, as nothing tends to last, my best friend who had been through thick and thin in my work, quit last year in October. He messed up some work from big client nd we had a fight. He left. In the meantime i scored a big multinational company. I was gonna propose to my girlfriend in March this year. But instead she decided to leave for someone better who left her in 3 weeks lol. Anyways, we broke up. During that time, my second friend decided to fuck up my work with the big company so hard that they were about to blacklist my company. And then he left too. I had a small team. 4 5 people doing their best. By that time, i was the only one left. On 28th feb i had my breakup, on 1st march i was sitting 700 km away from home in an office trying to talk the company out of blacklisting us. It took me around 20 days to make that happen. All the while dealing with the obvious, my depression getting stronger than ever. My imaginations taking shape and fucking up my reality. The voices in my head getting stronget and stronger. 4 months now since she left. I dont think i miss her anymore. She tried coming back once but i didn't let her. In the 4 months, i m at my worst. I am getting government contracts now. But i have no desire to do anything. The pain is unbearable. So much that on its good days it sucks the life right out of me. So much that when it gets severe the urge to harm myself in any way goes of the charts. My best friend and i, we became friends again after my ex left. He s been helping me as much as he can. I have all the good oppurtunities and chances that any entrepreneur who has been busting his ass for 5 years straight would kill to have. But i cant do anything. I m the only one left on my team. I have to handle the business, dev, marketing etc etc ends on my own. I tried hiring and scaling up but i messed that up because of obvious reasons. And now my company has 2 months of runway left. And i know if i bust my ass i can make it to 8 months more and even raise a round a. But its really hard to do when either you re sleeping 20 hrs a day or you re sleeping 3 4 hrs because you re afraid of the nightmares. Or when even you ve had a good day, the pain becomes so much that you lay on the floor having a breakdown. Yeah, i m trying professional help. I m hoping it helps me. Because right now, i dont care about being happy. I just want my sanity. Something i m clinging to with every fiber of my being. Something that s burning out like a candle burning from both ends. I cant give up my work. I dont want to. That s all i have. That s all what i love doing and now i cant even do that. I just want this to end somehow. Either i get better and the pain and the void and silence and everything else goes away, or i do. I dont know what will happen first. And i dont care. I just want to be normal. But i guess that s too much to ask.8
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My customer service girl just told me that she gonna charge $20 to a client. The client bought one of our web development packages and requested us to create LinkedIn, Google+, Twitter and Instagram account so he can put those on his restaurant website.
Don't be surprised if I became millionaire around 2020.
// $20 can give us like 5 KFC meals here.13 -
#rant
Instead of receiving a motivation in 2018, my boss decided to go anti mainstream and started with demotivation speech.
He started with how good we were last year even when he wasn't around. Well done team! But after that, it went downhill.
We were asked to work even harder, we got new policy (no unpaid leave, no paid overtime, minimum 40 hours working, etc) which some of them make sense and some don't, a specifically set break time (apparently to shut down smokers for smoking at random times), and warning for not being punctual.
And pay rise only after end of financial year.
To make it worse, we are not allowed to take naps or watch youtube on our desk on our breaks.
I seriously wonder what happened during his Christmas NY break. I'm not an entrepreneur so I have no idea if that is a right way to run a company or if Australia government just created new law. But surely I know this is when I say "New year, new company"10 -
Building a business can hamper one's development urges!
I have been building stuff since 2008. Took my first job in 2012, won a hackathon at Yahoo right after that. Got an amazing team to work with! Our team converted the hacked product into a proper product using Django and AngularJS. Those were the fun days. At that time AngularJS had just come out and I was under the dilemma to use Angular, Ember or backbone. But with all this came the responsibility to build a business out of our product. It didn't happen eventually though.
So I moved on to cure my entrepreneural itch and went on to start up an e-commerce startup along with my day job. It started getting good traction and I finally left my day job to focus completely on it. It's a sticker marketplace and I had to focus a lot on the actual physical product, improve the quality, tackle business development and stuff etc. In all this, my habit of creating stuff with code kind of got the back seat. Everyday, I see such exciting technologies come up and I want to try them out. I have been itching to create a native app using react native. Try to build a skill for Amazon Alexa.
On one side I am happy that I have been able to build a brand and become the largest sticker marketplace in India providing super awesome reusable stickers, but on the other hand, managing the business on a daily basis is killing the developer in me :(
Does anyone else building a business which involves a physical product also face a similar problem? I think I should just take up weekend hackathon type problems and try to solve them using the technologies I want to learn. Example, I have been meaning to build an app for our company. I think I will start with that!
I have been following devRant for quite sometime now and it has been awesome. Finally, signed up and ranted today! 😊😊5 -
Dealing with other technical professionals who cannot think outside their respective boxes.
Here is an example.
A QA (who is very good at her job) said this...
Her:
“We need to get one customer who is willing to pay us a lot of money to make the features they want!”
Me:
“But you realize we are a SaaS company and that means we need lots of customers and constant growth”
Her:
“No, we need to find a customer who is willing to pay us, like a million, to make the features they want. Then we make them for that customer. Then we do that again.”
Me:
“We sell software to small businesses, none of them have a million dollars to pay us, and even if they did then why wouldn’t they build it themselves?
Her:
“Well, when I worked for my last company this is what we did...”
Me:
“So you worked for a contracting company who built software for individual companies. We are not that type of company. We are a SaaS company.”
Her:
“It’s the same thing”
Me:
~Facepalm~
As a software developer and entrepreneur it frustrates me when everyone think everything is the same.
You’ll here things like...
“All we need is to get lucky with one big hit and then we will ride that wave to success, just like Facebook or Amazon!”
Holy fucking shit balls, how stupid can you be!
FB and AZ run thousands of tests a day to see what works. They do not get “lucky”. They dark launched FB messenger with thousands of messages and then rolled it out to their internal team first, they did not get lucky!
Honestly though, I can’t blame them. Most people just want a good job that pays. They aren’t looking to challenge their assumptions.
Personally I know I will be in situations again where my pride, my assumption, my fears are realized and crushed by the market place and I do not want to live in a world of willful ignorance.
I’d rather get it right than feel good.1 -
I have absolutely nothing wrong with the desire to make money. In fact, I'm willing to bet it's inspired some revolutionary technology to be made.
But for fuck sake YouTube, im not some 20ish year old Instagram personality with 15k followers that posts pictures in front of expensive cars at the car dealership or at some hotel you're just touring with the word "entrepreneur" in my bio.
I don't give a flying fuck about trying to make "easy" money. Stop showing ads of those cancerous "I'mma show you how to make easy money. I just need 2 hours of your time and you can make easy money without investing a dime" bullshit ads. It's a fucking scam and everyone knows this shit doesn't work.
My friend tried this shit and surprise surprise: it didn't fucking work.10 -
September 1st, I resume my final year in college, eager to show the world the skills I learnt the summer before. A job offer presents itself, I am glad, pay is involved.
I build a fully functioning React web app, with sign-up options and an ugly gallery. Payment is promised. I lose interest in working at the job, I ask for payment for the business project I created.
I am invited for a meeting. I tell him that I will shutdown the web app, if I do not receive payment. He starts talking, instead of paying. Postponement upon postponement.
I give him a full 6 days of grace. I am locked out of the website's cPanel. The owner thinks he is smart. He tried to I fuck me over, I returned the favour and deleted the Github repository that hosted the project.
Then he has the squirrel balls to claim that I gave no grace period at all. After he locked me out of his cPanel. I walk away, and tell him to have a nice day. I keep the web app.
*Moral of the Story*: Do not start shit till you get paid. Sure, every job is a learning experience. Yet still, know your worth.
*Aside*: and he claimed to be an Entrepreneur. I laugh in Binary. Fucking fool.8 -
What you are expected to learn in 3 years:
power electronics,
analogue signal,
digital signal processing,
VDHL development,
VLSI debelopment,
antenna design,
optical communication,
networking,
digital storage,
electromagnetic,
ARM ISA,
x86 ISA,
signal and control system,
robotics,
computer vision,
NLP, data algorithm,
Java, C++, Python,
javascript frameworks,
ASP.NET web development,
cloud computing,
computer security ,
Information coding,
ethical hacking,
statistics,
machine learning,
data mining,
data analysis,
cloud computing,
Matlab,
Android app development,
IOS app development,
Computer architecture,
Computer network,
discrete structure,
3D game development,
operating system,
introduction to DevOps,
how-to -fix- computer,
system administration,
Project of being entrepreneur,
and 24 random unrelated subjects of your choices
This is a major called "computer engineering"4 -
I got a dayjob in a company. I got an error. I cannot solve it and I am so desperate. So I go to stackoverflow, nobody answers. I post on git issue, but nobody solves the problem. So, I pay someone to solve it, like Hackhands.com to find a mentor. There is no mentor that can help. So I pay more, hired a peer, and finally a development team just to help me. They get paid only if they solved it.
But each of my folks repeat my same steps, asking on stackoverflows or github, and none of these help. So, they end up hiring their own friends and mentors. Their friends also end up paying (pay before problem solved) someone to help them.
their friends pay for friends of friends, then friends of friends of friends
And all of a sudden it becomes a giant MLM scheme.
And those people they paid for actually work for a company behind the scene which I am a founder of 😁
Multi billions startup idea, is it?4 -
Go find the most cancerous Instagram page in the "coding community" and multiply it by 10.
Bonus points if they:
>>post vague and utter bullshit motivational captions with completely irrelevant pictures.
>>Have the word "entrepreneur" in their bio
>>Have emojis in their bio
>>Mention coffee in their bio
Oh and you know the shitty clean versions of songs that filter out anything that is slightly offensive words? (I recently heard a song that filtered the words "balls" and "vagina." Apparently anatomy is offensive to the snowflakes now.) That's gonna happen to our code. We're gonna have shitty censored versions that remove all "offensive" words.5 -
My side project is distracting me from my corporate, gotta pay the bills somehow and meet these damn deadlines, project! 😫😫3
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Can any regular job make a person happy? No matter what the pay or content of the job is, I get bored easily and disappointed at myself.
I have more fire inside me when I am doing personal projects but am not entrepreneur myself either.10 -
If you are more interested in “being right” (aka winning an argument) than learning from experiences (both your own and others), then I will not waste my time on you.
Story time:
As a member of a startup accelerator I had the privilege to run into many types of people.
There were 2 entrepreneurs who liked to argue a lot. They would argue not just with other members but with advisors, investors, EIRs, everyone. They were much more interested in “being right” than learning from the experiences of those around them.
They flustered many people, but sometime we would have REALLY seasoned investors or entrepreneurs speak to us. Those folks never got flustered.
I needed to know why...
So I pulled aside one of the bigger investors and asked him why. This was his response.
“I’ve invested and advised on every type of company you can imaging, with every type of entrepreneur. There is a lot to be learned from that experience. But if you are more interested in winning and argument than learning from experiences and creating a good business then you are not worth my time.”
He would give his advice and then go right back to his email for those folks.
Smart
1 of the 2 entrepreneur I mentioned actually turned it around. Once he found out that the investor had invested in and almost identical company in the same space and that they had sold for 100M+ he finally started to listen. You could see him really fighting the urge to argue, but he did it. That guy ended up being successful and is on track growing a company today.
The other guy had no success and is still on the Slack group of the co-working space arguing with anyone who will engage him.
I know which one of those I would want to be.
PS. If this hurts your feeling and you feel like commenting. Feel free. You’ll look very cute.2 -
I thought making a webside, develop a product or the financial part is hard but atm I'm struggling finding a Company name 😅
Life is hard i know xD
Maybe someone have a idea or some tips to find a good name
It's about robotic, security and other stuff12 -
I'm gonna register myself as a self-entrepreneur (idk if it's the good term in English) today. I have some pressure, I'm going to suffocate under tons of papers16
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Do any other devs here have serious entrepreneurial ambitions and the drive to achieve them?
How do you manage the conflict between your day job and your ambitions.
I find every employer is looking for someone with just enough ambition to “move up” in their company but any ambition of your own outside that seems to come off as threatening.
I try to keep the 2 separate but I have always thought that by not wanting people with actual ambition a company is only hurting themselves.
Thoughts?19 -
I've been struggling with some financial issues lately. I haven't told this to my family bc I am helping my mom with money, hat wouldn't help.
Sadly, I got two general tickets for WebSummit 2019 and I thought "okay, I am nearby Portugal rn, somebody of my circle could go with me and have some fun, I feel so blue..."
No one. Not a single one. Nobody.
"Maybe with those Telegram groups of JS developers..."
No one.
Maybe it sounds like some fraud or something, so they didn't answer. I even mentioned to an old entrepreneur friend of mine, and he didn't even answer me.
Disheartened is the word for today. I don't know, I am not expecting that people can join this adventure just bc is awesome, we all have bills to pay, but at least an answer would be fine.
I know it is not a fun story, and there are people in worse situations than mine. I just wanted to do some catharsis bc I lost my laptop.
I still have bills, two tickets, and a new kind of miserable mood.
Thank you for reading.3 -
Well it's a bit long but worth reading, two crazy stories in one rant:
So there are 2 things to consider as being my first job. If entrepreneurship counts, when I was 16 my developer friend and I created a small local music magazine website. We had 2 editors and 12 writers, all music enthusiasts of more or less our age. We used a CMS to let them add the content. We used a non-profit organization mentorship and got us a mentor which already had his exit, and was close to his next one. The guy was purely a genius, he taught us all about business plans, advertising, SEO, no-pay model for the young journalists (we promised to give formal journalist certificates and salary when the site grows up)
We hired a designer, we hired a flash expert to make some advertising campaigns and started filling the site with content.
Due to our programming enthusiasm we added to the raw CMS some really cool automation: We scanned our country's radio charts each week using a cron job and the charts' RSS, made a bot to search the songs on youtube and posted the first search result as an embedded video using some reg-exps. This was one of the most fun coding times I've had. Doing these crazy stuff with none to little prior knowledge really proved me I can do anything with the power of will.
Then my partner travelled to work in an internship in the Netherlands and I was too lazy to continue it on my own and it closed, not so surprisingly for a 16 years old slacker boy.
Then the mentor offered my real first job. He had a huge forum (14GB of historical SQL) but it was dying, the CMS version was very old and he wanted me to upgrade it to the latest. It didn't seem hard at first, because there were very clear instructions in the CMS website on how to do that. However, the automation upgrade scripts didn't work well because the forum owners added some raw code (not MVC plugins but bad undocumented code) and some columns to the SQL tables. I didn't give up and decided to migrate between the versions without the scripts. I opened a new CMS and started learning by heart all of the database columns so I can make a script to migrate between the versions. The first tests ran forever because processing 14GB of data on a single home computer is not a task meant to be done. I didn't give up. I made an old forum and compared the table structures and code with my mentor's. I think I didn't exhaustively finish this solution, the task was too big on my shoulders and eventually I gave up. I still owe thanks for that mentor for teaching me how to bare with seemingly (and practically) impossible tasks, for learning not to fear from being a leader and an entrepreneur and also for paying me in time even though I didn't deliver anything 😂 -
When I was in college I was approached by an entrepreneur whose "search engine" idea consisted of scraping the search results of Google and posing them as his own results (after a little shuffling and filtering). Needless to say I declined.2
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I was walking in the cineplex after watching a movie today and saw an advertisement for "a digital loyalty card platform for retail outlets. Get loyalty cards on your phone!" being used by a big brand in my country.
The thing is, although not a terribly original idea, I first thought of developing a system/platform like this all the way back in 2012. I coded it, I advertised, I lobbied HARD; I poured my damn soul into this thing. Nobody accepted it. I scrapped it because I thought it was just not a good idea, only to see what is essentially a clone of it being shown off and lauded as a brand new innovative solution.
I won't lie, seeing that ad so prominently and proudly displayed really crushed me. I honestly don't know what makes their rendition better than mine, since mine did pretty much the same thing theirs does and my design chops are pretty much on par with theirs. I was rejected and I don't know why and that stings more than the countless other times my other ideas were shot down because of market mismatch, logistical flaws or just shortsightedness on the part of potential customers.
This isn't an invitation to a pity party, and I can't say there is a moral to this little anecdote, but I feel moved to share this experience with you guys.
Pick from it and learn what you will, I hope this falls under the eyes of the right person out there.5 -
Halt and Catch Fire. Watch this serie. Just do. Specially if you are 30 or older, and/or entrepreneur. https://ororo.tv/en/shows/... . 2 episodes per day in this link.
2 -
RIP famous tech entrepreneur Blake Krikorian. Much too young. Founded Sling Media and other startups http://recode.net/2016/8/...
-
Today during lunch in office, me with my colleagues were discussing a funny start up idea. Made lot of gags and finally dispersed, remarking "it was fun".
Update: Buisness Plan is partially ready and new Android Studio project started. 😂😂
#wannabeentrepreneurs -
In the Global Blockchain Congress currently taking place in Kolkata, India, 'IT' officials from PWC India and IBM India start their speaks right after a popular cryptography professor from Belgium and a Blockchain entrepreneur from Brazil.
Every word these 'IT officials' uttered showed how shallow and business minded the IT managers and marketers are.7 -
Rant!
What ryms my gears seeing those posts on LinkedIn:
1. What startups need to do to become the next billion dollars corporate
2. App ideas that will sell in millions
3. What every wannabe needs to know to become the best entrepreneur
I honestly don't recall adding other than devs and HRs 😒 -
My best mentoring experience was the teacher that taught me puppet. The way he explained it, the way he walked you through a very intense course of three days consecutive puppet knowlegde rammed into your head...and still manage to actually learn almost all of it. Great attitude, and meanwhile, he is a esteemed collegue and friend...
Without you Johan, i would not be an independent entrepreneur and making bank at my current client
Johan the white, to me one of the greatest sysadmins ever -
Little project for an insurance sales guy / finance coach / entrepreneur
My first thought: guy sounds extremely shady but ok let’s come up with a hefty price.
Guy accepts my offer and pays one third in advance as I asked. Of course he pays cash because he „didn’t make it to the bank“ but happened to have the big bucks in his wallet.
I give him a receipt for the cash payment.
Job is done I write an invoice for the remaining two thirds.
Guy transfers money to my account. No cash this time.
However he took the sum in the second invoice and subtracted the first one and 50 bucks extra and send the remaining entirely imaginary sum.
I text him. He does not get it and explains that he payed cash in advance.
I say yes but that is not the point. You can not make up the sums of your invoice yourself.
I send him three warnings via mail.
He sends an angry letter back sayingthst he payed one third in advance.
I tell him how nice it is that we agree in that regard but that the issue will go t court if he does not pay.
Sometimes I am fascinated how elaborately stupid people can behave. :/6 -
Fuck the bureacracy.
It's so difficult being an solo entrepreneur due to outdated bureacracy.
I just wanted to have a current/ business bank account to separate txns related to the business from my personal account and GST ID to officially register the business and also avoid headaches with taxes in the future.
However, If you want business bank account in the name of business, you have to have an official registration for the business and GST is the easiest and affordable way for sole proprietorship. Since my work is basically online and can be done remote, it doesn't make sense to waste money renting or buying an office space, getting electricity coonection or pay other related expenses which is necessary to have to show as proof of existence.
So I went ahead and purchased a virtual office plan and applied for GST with required documents. However, the bureacrat rejected the application. The informed about it to the biz where I purchased this virtual office and they had a meeting with the bureacrat and they were told virtual office address can't be allowed.
They told had no such issues in last few years and now on they are gonna have to stop providing virtual office to register GST. That was one of the main reason people went with virtual office.
Now I won't be able to open a business bank account.
I won't be able to signup for payment gateway networks. They ask for GST ID.
I won't be able to complete Paypal business registration.
I may have to expose my personal address on invoices or otherwise lie on it.
I will have to use my savings account for any expense related to it.
Also by end of this fiscal year, I probably gonna have to deal with tax issues. -
Your product is not big enough until it reaches a stage when new features are kept hidden and your users explore and market them for you.
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Running a mid size Cryptocurrency mining farm and calling yourself as an entrepreneur? #JustAsking7
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