Well, we have a product. It is somewhat a web aggregator but with some differences. It is still on a not-so-prototype. But it works because it is our undergrad thesis. We want to take a step further and build a startup around it.
So what are the steps that we need to take for our planned startup? eg. registration, funding, etc.
asked Sep 27 '11 at 20:00
its actually much the same with a traditional business. with a web aggregator on a prototype stage, you aren't technically earning from it.
i'm not sure about the tax laws, but definitely if you want to say, sell to philippines and have a product you're selling, there's that 20% VAT or whatever that's to paid to the government. but technically as a web service, you're safe until say you have to pay your employees or anything.
you could start with being an "organization" wherein you get funded via "donations" this way not much tax or maybe even none is needed.
if you decide to do so, be prepared to pay the following government agencies: the mayor's permit - located at your local city hall
the SSS and health care for all your workers
get funding? well the fact that you have a prototype means you developed without funding. don't bother i guess. if you want to really do it with funding, there are a few places like philabs that can help, as well as ayala hub's founders.
goodluck, basically the web is still quite mysterous and there are many ways to earn.
study this. (click the learn more and read more links) http://theleanstartup.com/
-basically you don't need a concrete steps.
-reiterate reiterate reiterate build the features that your customers (possible customers) would need or want.
-check out what freemium, free services mean and why they exist (recommend the book: "FREE" by anderson)
My web aggre startup idea is idle for now. It is because a friend of mine invite me for a "startup" business.
So for the topic, here is the steps I think he followed:
I also suggested that we should start lean (because I'm reading the Lean Startup book by Eric Ries, there's much to learn). Produce a minimum viable product (MVP), have some experiment and testing, learn from it. Then maybe, pivot or persevere our idea.
His plan was to launch it by July 2012. But I wanted to launch it early maybe for alpha or beta test, March I think. It is for us to run some experiment, do some changes and improvements before we can completely launch it.
To add, my friend that invites us (because he is the one that is a know how) still do not know if we will register it. We will still find out what is more beneficial. Taxes of a registered company may hurt sometimes.