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What are the most important things to know before undertaking

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What are the most important things to know before undertaking a start-up?

I'm sitting on an untapped multi-million market, and really excited but also don't want to get caught with my dick out. The business model has already been successful in the States and Australia, but my country as always is late in adopting it. My intention is to learn from them, improve their model, and implement it here (New Zealand).

For more context, it is an online service - the main capital costs being company registration and marketing (very important).

I will only need to take on one other person (a developer), but I also want as much control as possible. I'll have to negotiate a division of shares, as I don't have the capital to hire a developing for a long period of time. I'm willing to invest the money for marketing ($5,000) - but it does seem a little low.

My main concerns surround:
- Investors (I want to avoid them, my own capital first).
- An inability to maintain power, and/or the vision of the company in conflict
- Shares, dilution and other weird shit
- Coups

Are these normal concerns?

Surely there are some powerful books on this subject, and how not to get absolutely cuckolded by another founder - or perhaps, by post-startup executives or investors?

Does anyone have any feedback, experiences or stories - heads up?
>>
You could hire a developer for market salary and have him work office hours, you don't have to worry about power or anything then. But if you don't have the cash or you want him to work 24/7 on this and be emotionally invested in the success, then you're looking more at a cofounder-like situation I'd guess.
Talk to a lawyer/accountant.
Also maybe read Paul Graham's essays.
source: I read hackernews a lot
>>
WHATS THE UNTAPPED MARKET ANON
>>
>>2357280
>popular in the States and Australia
either cuck porn or fidget spinners would be my guess
GOOD LUCK OP
>>
>>2357056

https://www.youtube.com/watch?v=CBYhVcO4WgI&list=PLXIzh6qwMf9htBjuMGPWVoPE-1Jk0oeep
>>
>>2357258
Thanks - I've been thinking about it and I suppose I could learn the web development areas that it'll require. Unfortunately, that may take up to a year combined with my other responsibilities - and since they'll be financial transactions I'm a bit concerned about security and privacy (hence, my interest in getting a dev).

Currently, I can't afford a developer for market salary. I'll need a lawyer for the company's constitution but I have access to a lawyer and accountant.

I'll look into Graham's essays. Thanks for that anon.

>>2357280
I'm combining cuck porn and fidget spinners - I call it, faggot spinners.
>>2357280

>>2357310
Thanks!
>>
>>2357056
you wanna dev? I'm available right now (>10 years exp.)... but not knowing what you are headed for is sub-optimal.

I've always loved to help :))
>>
>>2357345
I barely trust the devs I meet in-person.
>>
>>2357376
you're fucking noob faggot!
I can tell, coz U smell of it.
Every fucking mofo thinks he has the one and great idea, and can't talk to anyone about it. If you ever have even been in business, you know it's hard work. Everything is. Nobody is going to copy you that easy. If you are not open about your business you wil get BUUUURRRNED...
>>
>>2357376
also, I'm OUT! That's how fast U loose!
>>
>>2357412
>Every fucking mofo thinks he has the one and great idea, and can't talk to anyone about it. If you ever have even been in business, you know it's hard work. Everything is. Nobody is going to copy you that easy. If you are not open about your business you wil get BUUUURRRNED...
what the fuck did I just read.
The reason I don't trust them is because I don't know them well enough to do business with them. I don't know their work ethic, their motives, their personalities.

The first step of doing business with someone is to know who you're doing business with. I also can't tell if you're joking with your replies.
>>
>>2357423
rofl, ure like one of the guys who try picking up a chick and start raging like a turboautist, calling them fat, ugly etc. when they get rejected
>>
>>2357444
>>2357445

you mofos, like I have nothing to do LEL.
I help small companies all the time, developing.

You don't have to trust others NOOB. You get a contract, which says "if you tell anybody I get 300.000 $ in BTC"... DON'T YOU KNOW ANYTHING? it's standard procedure. Have u even worked at a company yet?
>>
>>2357509
lmao @ ur life dude
>>
>>2357056
What is stopping the successful companies in US and Aus from expanding into the NZ market and crushing your business like a paper cup?

Like Uber did to that NZ ride hailing app in Auckland "Zoomy". "oh my god, I will make Uber for NZ and be rich!!!1" - No, only network-effects business like Trademe can do that

Which Part of NZ are you in? Chch here
>>
>>2357633
I'm not even angry. He just should make it, do it. If you can't trust you can't build.
Keeping everything under your own control is the right mindset. Just don't be too scared. Everything involves doing work. If you are passionate about your idea, people will follow you.

Stop assuming that everybody wants to fuck you over and grab you buy your ideas. Keeping your business a secret won't help you for long.

Also, eventually every relationship will be tense at some point. So often it's much better to work with strangers.

Hope, this is clearer.
I get sucked into this kind of language...
Take an example. I'm just beginning to develop a voting platform, based on NEM. It's an idea. Will someone steal it now? I JUST DON'T CARE xD
>>
>>2357790
>What is stopping the successful companies in US and Aus from expanding into the NZ market and crushing your business like a paper cup?
Because that simple doesn't happen all the time.

Hella pizza is a NZ company that started after the international companies established themselves and have given them the middle finger and constantly grown.
>>
>>2357790
The United States companies are still expanding across their states, there's obviously far more profit in doing so than expanding into New Zealand's market. They may be looking at European markets as well.

The Australian one is still localised in Australia, and trying to expand (it's done it a bit slower than the U.S one). They're looking at the U.S for expansion, but still haven't undertaken it yet.

New Zealand is always the last market considered because we're so small. TradeMe is a good example, propped up while eBay was still expanding across the States.
>>
>>2357790
I'm in Wellington as well.
>>
>>2357815

"you don't understand...."

https://www.youtube.com/watch?v=WOOw2yWMSfk

you know that in my region in europ, there are like a dozen pizza comapnies, which operate locally? Or also, supermarkt store companies, which operate locally? For under 500.000 people... It's europe baby°!!

You can do ANYTHING if you put your energy into it! :)))
>>
>>2357633
the only problem I have is that I'm constantly horny, and my girlfriend can't have sex that much ;( ;(

i think i'm procrastinating and diverting myself. I don't like to work as much as I used to...
Think a LOT of people are here on /biz/ because of the same reasons.
>>
>>2357056

how to sell.
Fiscal responsabilities.
>>
>>2357376
yup, youre a failure.
>>
>>2358264
Choosing the right people is the most important thing you can do - you shouldn't trust people off the bat. I've learnt from experience.
>>
>>2358966
come on dude... what are you talking about?
You just put an announcement online and in the newspaper. Look at 12 people for 15 minutes each, let them present themselves. Hire one of them. If you don't like him, fire him/her.

What is your problem?
How old are you?
>>
>>2358966
>>2359420
actually, it's what you did. You made an announcment here, you need a DEV.
I AM a dev.
I was interested. You bullshitted me.

Also, if you are so experienced and learned so much, why do you need advice on f* everything?

Now GTFO and kill U'r idea! Just GTFO
>>
>>2359536
You're a shitty dev if you spend time on 4chan instead of building.

You also have a personality that makes you unable to hold a job.
>>
>>2359616
You are right. I just got rid of my job/client bags over the last months. Looking for something new :)

But, you know, if people can't stop asking me to do stuff for them, I guess they liked it.
It feels SOOO good tho. Leaving the last 10 years of work behind. Fresh air. f* yeah!

You kno NOTHIN about my personality lol ;D
faggot!
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