This thread will be my first progression thread on my first proper idea, any criticism is greatly encouraged and will be professionally consumed, tips such as book recommendations would also be massively appreciated.
Idea: To create an Adult Entertainment Website that will greatly increase the end users experience as a result of the niche features that the website beholds, my close friend that has been seemingly unbiased in the past also thinks that this could be a great idea that can help alot of people. It's said that this past year 91,980,225,000 videos were viewed on a single site: To me, this sounds like there are extremely large masses of people that need or could benefit from the help I intend to provide.
Anticipated Requirments:
✱ Time
✱ User-Interactive Website Features
✱ Books
✱ Research
✱ Domain
✱ Copyrightwork.
✱ Put time into researching successes of the adult entertainment industry
✱ Good Knowledge on SEO, AdWords, Advertisements
✱ Decision on Type of Ownership
✱ Officially Signing .gov Documentation to Initialize the Business
Important Decisions: In my present state the primary choice I was faced with is whether...
You have most likely seen the following debate number of times on TFLF but it's necessary for me to mention as its a big decision in the start of something great *what this thread is all about.
I Should Learn to Enhance my HTML & CSS Ability Over Time?
✱ Would be able to create the website exactly how I want it, without the initial capital, dispersing equity or surrendering an ugly percentage of company profits.
✱ These skills would be valuable when negotiating deals w/ freelancers in the future when I have the income to accommodate this option.
✱ Once I have honed my HTML & CSS skills it will open many doors for me in regards to what I can move onto next, whether that be new features to the site, possible freelance work to increase cash flow, subsequently this will mean that I will be able to increase expenditure in precise areas of the business which allows for this idea of rapid growth such as advertisement or a small number of developers.
✱ Time spent on learning code could be spent on other aspects of the business that are arguably just as or more important than gaining a good knowledge of how to code.
✱ Could take longer than most as I fear that my forgetfulness and poor memory will prohibit me from learning at the steady pace required to make quick but well thought out advancements in the early stages.
Or ...
Work a Weekend Job in Order to Afford for Developers to Work with me on the Website? since you're not allowed to have a full-time job whilst you're a student at Sixth Form.
✱ Time can be spent elsewhere in the business whilst one of your main struggles is being tended to.
✱ Money earned working would also be used to facilitate the rest of my requirements over time such as Books, Domain Name, Legal.
✱ Combining the long hours of school, work both uncontrolled environments could have effects on my stress levels and may be all too much.
✱ Potentially harmful on my grades
✱ Potentially harmful on negotiations w/ freelancers regarding future developments of the site, due to inferior knowledge. E.g. Unclear Objectives, Very low value for money transactions between freelancer and temporary employer.
✱ No experience in negotiating even with research will most likely not go smoothly, but could still work.
Answer: Enhance my HTML & CSS Ability Over Time! I understand that I will be missing out on the time I could be spending elsewhere but at the expense of keeping the company mine for now, allowing for negotiation skills that will be key further down the line of the businesses affairs once growth has shown its head, allowing for me to keep stress levels to a minimum regarding my current situation w/ education why I left my last job when I was in year 11 (USA: Grade 10) is fine for me. And besides, I will still ensure that I use at least some time to gain information m going to seriously need about other key areas of the business such as Marketing, Sales, and Advertisement.
Current Processes I am undertaking to Succeed:
✱ Made a small start on HTML & CSS due to the uncertainty of what route I would go down to actually develop my website for my idea courtesy of Codeacademy.com.
✱ Researched what type of ownership the companies behind the big sites are that would be similar to mine upon completion of the webpage, a large number of them are privately held.
✱ I am aware that this is a minor process but I have taken a quick look at domain name prices of NameCheap.com as recommended on a thread I previously found on TFLF as I had no understanding or grasp of how much it would set me back, from my time on NameCheap.com I have found that on average domain prices are roughly £5-7 and can go up to literally £65,000! These figures were established in a phone conversation between me and one of the friendly domain brokers from the agency hired by the original owner of the page. I do feel that this process that I undertook was a slight waste of my time.
✱ I have looked into the Princes Trust a government run charity set up to help young individuals in many areas: I heard they have a grant scheme for young people trying to start up a business in the UK so I took it upon myself to look into the requirements and I couldn't help but feeling that the industry I am looking to operate in wouldn't be accepted as they are most probably looking for more 'clean' businesses with ethical images and what not, however, I may be wrong about this prediction and will look into this procedure once I turn 18 which is another requirement I cannot satisfy at this moment in time.
✱ This is more of an indirect procedure to helping start my business but I have consumed a small number of posts from TFLF courtesy of the Tapatalk app and have seen some failures others have made, the successes etc. alot of this information I honestly can't completely recall despite this I do seriously intend to keep at it in regards to browsing TFLF, its wonderful community and all of its Gold/Notable threads.
✱ I have cleared my phone and computer of things that are of no use to me and gets you hooked for prolonged and unnecessary amounts of time not specifically for this but just to allow my day to run smoother. Procrastinating used to be a serial bad habbit of mine but as I have matured and changed my mindset I find it harder and harder to invest time into processes that dont equate to my ambitions an dreams.
✱ Research has also gone into Copyright, back and forth emails to the .gov information line. I think I have a basic knowledge of what I want to copyright for my brand! But once again I feel that my time would be better spent elsewhere at the moment as I believe am far from the stage that I need to protect my work.
✱ I did a bit more thinking ahead and thought of forms of Cybersecurity to protect the site. CloudFlare came to mind as a result of their company name being displayed before my eyes on so many different occasions for so many different websites whilst surfing the web in the past. The 'Business Package' they offer is currently around 200 USD p/m. Yet again this topic doesn't quite concern me just yet as a working site is far from completion at this present moment in time.
Note: This list of Undertaken Procedures is ongoing along w/ replying to participants to this thread as time goes on
If you have made it to the conclusion I would like to say thanks for the small interest and hopefully, support you have shown in this thread.
If you have made it to the conclusion I would like to say thanks for the small interest and hopefully, support you have shown in this thread.
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