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  1. devkaran

    Should i start with sole proprietorship?

    QUESTION TAXES | REGS 
    I calculated the CAC for customers and that included the free trials. I need the conversion rate to be more than about 2% for the app to be profitable.
  2. devkaran

    Should i start with sole proprietorship?

    QUESTION TAXES | REGS 
    Yep! Realised a day later that i need to meet a CA regarding this. I’m meeting one the day after tomorrow. Your advice about having a good CA and lawyer is ingrained in me because of MF book! Thanks for the book! I’ve bought like 6-7 copies of it for friends and family lol
  3. devkaran

    Should i start with sole proprietorship?

    QUESTION TAXES | REGS 
    I'm developing an app, and I need a business to accept payments and everything business related. There are 21 different types of businesses in India, and i can't quite figure out how to choose. The only way to lose money would be from the free trials i will be providing, and all of that will go...
  4. devkaran

    Employer before emoloyee?

    SAAS / APPS QUESTION 
    I know this response is a bit late but i had some personal issues. I've thought more about the decision to either get the job or hire interns. I've also been re-reading tMF. With the book and your post i realised i am going in the right direction but for wrong reasons. I'm looking at it as an...
  5. devkaran

    Employer before emoloyee?

    SAAS / APPS QUESTION 
    I don't need more than one person no, but it would help a ton, and speed up the progress by a multiple. I'm not considering hiring an entire team, just 1-2 people. Possibly my batchmates. Like i said in a previous post, i have some capital that was reserved for a motorcycle. More context: I'm...
  6. devkaran

    Employer before emoloyee?

    SAAS / APPS QUESTION 
    I understand what you mean. I think both are potent options for learning, and i guess i really can't figure out which is better without actually trying. Do you mean get a job at a different company? I don't see how I'd be able to manage those two things at the same time. For more clarity, I'm...
  7. devkaran

    Employer before emoloyee?

    SAAS / APPS QUESTION 
    Really? I thought the same way, but at the same time i feel wholly unprepared (and frankly quite terrified) to hire people, give them tasks, and in general launch a company. Because i have 0 experience with any job. For more context I'm 21 and in last second semester of college. In last semester...
  8. devkaran

    Employer before emoloyee?

    SAAS / APPS QUESTION 
    I'm working on a tech startup and will launch a company soon. Is there any education i would miss from being an employer before being an employee? My current options for education relating to managing people: Learn directly from a company owner, who is a family friend. Ask him ton of questions...
  9. devkaran

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Read the book last year. Love the name and cover of the book. It almost forces you to defend it aggressively when you mention it as one of your fav books. This book connected so many dots in my head that were always just floating around. Questions like, "That successful person's life seems fun...
  10. devkaran

    Can I figure out how many hours fastlane might take?

    IDEA MINDSET EXECUTION 
    Thanks for your input, i will definitely consider thinking in terms of "things learned" that directly serve the product/service and abandon the time metric.
  11. devkaran

    Can I figure out how many hours fastlane might take?

    IDEA MINDSET EXECUTION 
    I see, i guess my mindset shift from slowlane to fastlane is not as clean as i thought it was. Thanks for your input. I understand that the only causal relationship i can count on is creating a money tree and get fruits from there, but I guess i'm just insecure about working less than 10+ hrs...
  12. devkaran

    Can I figure out how many hours fastlane might take?

    IDEA MINDSET EXECUTION 
    Thanks for your input! I agree, I actually talked to potential customers about it and calculated possible revenue and profit of the app. I had a slow hunch about going about this all wrong in terms of time, thanks!
  13. devkaran

    Can I figure out how many hours fastlane might take?

    IDEA MINDSET EXECUTION 
    I've been working on an app for 3 weeks now. I understand this will be hard (already is) and take many days, but i find myself wondering how long it might take? I even wrote a small python program for figuring out how many hours i will have worked if i work for 6hrs for 7years, 7hrs for 2 years...
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