A friend of mine and I are planning to start a new company in the US. He and I are full time employees on different companies, but we are planning to invest out of work hours/weekends to start our new company. We plan to provide custom software development services and we also plan to develop our own software products and sell them online.
My question is: what are the basis to start an online based company?
We live in different states
Thanks for the advice
I suggest you do the minimum needed:
PREPARE TO FAIL!!!!!
Owning your own business is not glamourous, part-time, or a walk in the park. Involving friends is a dumb idea 99% of the time, and really only fucks you over in the long run.
Do yourself a big favor:
1. Save some capital
2. Come up with a real idea you can build yourself
3. Code it on the weekends, or when your boss is not paying attention at work
4. Keep your mouth shut about your idea, dont brag, tell anyone.
5. Launch your project, and test the waters, see how it does.
6. If it does well, use some of that capital you saved up to market it
7. once it earns you 125% of what you earn at your job, and if it still has room for grow then you are ready to quit your job and take it seriously.
8. Hire someone to help you. If its your friend whom you enjoy working with make sure he is qualified to do the job as any employee you would hire, and make sure that he is doing it for the same $$ as anyone you could get.
"We plan to provide custom software development services"
That seems to me a brochure website. Also seems likely you won't be taking on many clients at one time...and maybe you'll specialize and have a niche... and maybe you don't even that site at all if you just start meeting the people that might be clients.
To you "online based" might just mean email.
"develop our own software products and sell them online"
Ok, and later an eCommerce site.
Make sure that your employment contract with your employer allows for your side work. This question has very good information: If I'm working at a company, do they have intellectual property rights to the stuff I do in my spare time? Good luck!