The Path of Great Uncertainty - First Blind Steps Into the Fastlane

[Alexandrel]

Like many people, I reckon starting a business Vs being an employee (or freelance) is the way to go. Also like many people: "What the f*ck do I do and where do I start!?"

I read enough books and articles to know I do not need to read more. It is time for action. But what actions? All I can do is take the step right in front of me, even if I do not know where I'm stepping and where exactly it is leading me.


Fears:
- Failing.
- Failing and having to go back to the slowlane, but with added years to the sentence.
- Accepting the slowlane's mediocre comfort and many years of servitude.
- Maybe I do not have what it takes.
- Making it and still be left unfulfilled / loosing my youth time / focusing on building wealth at the detriment of personal relationships (friends and family, which no amount of money can replace).

Strengths:
- Confidence in my capacities.
- Not afraid of hard work. Although I am happy to substitute it if I can.
- Know that my current situation needs changing.
- I genuinely want to give value to the world and be helpful (preferably in a way that I will enjoy).

Obstacles:
- Currently in Australia on a sponsored work visa. Not legally allowed to start a business and have set obtaining residency as a priority over starting a business. (That decision might need revisiting)
- Not knowing what to do. Lacking certainty of action.
- Above-mentioned fears.

Actions:

- Get clearer on my goals => Self-reflection / journaling, 1/5/10 year plan. Although I reckon it is not action, it will direct it.

- Check how to start in a "legally enough" way, without jeopardizing Australian residency.
=> Open company in France (I am French) while living in Australia?
No company at all but take first actions and worry about it only when absolutely necessary?
Consulting / Freelance as a middle step?

- List and rate all my ideas + Pick one to execute
89 total at this time, 11 answer my first pass + remote possibility criteria, CENTS criteria still to be determined.
Doesn't have to be an awesome idea. Just want to take action, do something, fail, learn, hopefully a bit of success (I'll be happy with just 1$ earned before the end of the year).

- Meet like-minded people
Hi @MattR82, @TryHardTriad, @seb_bne. I live in Brisbane. If you guys are still around and are keen to catch up for a cold beer, hikes, climbing, or hitting some balls at the driving range, I would be happy to meet you !

 

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[Kevin88660]

Like many people, I reckon starting a business Vs being an employee (or freelance) is the way to go. Also like many people: "What the f*ck do I do and where do I start!?"

I read enough books and articles to know I do not need to read more. It is time for action. But what actions? All I can do is take the step right in front of me, even if I do not know where I'm stepping and where exactly it is leading me.


Fears:
- Failing.
- Failing and having to go back to the slowlane, but with added years to the sentence.
- Accepting the slowlane's mediocre comfort and many years of servitude.
- Maybe I do not have what it takes.
- Making it and still be left unfulfilled / loosing my youth time / focusing on building wealth at the detriment of personal relationships (friends and family, which no amount of money can replace).

Strengths:
- Confidence in my capacities.
- Not afraid of hard work. Although I am happy to substitute it if I can.
- Know that my current situation needs changing.
- I genuinely want to give value to the world and be helpful (preferably in a way that I will enjoy).

Obstacles:
- Currently in Australia on a sponsored work visa. Not legally allowed to start a business and have set obtaining residency as a priority over starting a business. (That decision might need revisiting)
- Not knowing what to do. Lacking certainty of action.
- Above-mentioned fears.

Actions:

- Get clearer on my goals => Self-reflection / journaling, 1/5/10 year plan. Although I reckon it is not action, it will direct it.

- Check how to start in a "legally enough" way, without jeopardizing Australian residency.
=> Open company in France (I am French) while living in Australia?
No company at all but take first actions and worry about it only when absolutely necessary?
Consulting / Freelance as a middle step?

- List and rate all my ideas + Pick one to execute
89 total at this time, 11 answer my first pass + remote possibility criteria, CENTS criteria still to be determined.
Doesn't have to be an awesome idea. Just want to take action, do something, fail, learn, hopefully a bit of success (I'll be happy with just 1$ earned before the end of the year).

- Meet like-minded people
Hi @MattR82, @TryHardTriad, @seb_bne. I live in Brisbane. If you guys are still around and are keen to catch up for a cold beer, hikes, climbing, or hitting some balls at the driving range, I would be happy to meet you !

You cannot register a company or receive payment from work done.

But this doesn’t mean you cannot help others to solve their problems for free or develop prototype.

No payment received means no line crossed as far as I understand.

 

[Alexandrel]

You cannot register a company or receive payment from work done.

But this doesn’t mean you cannot help others to solve their problems for free or develop prototype.

No payment received means no line crossed as far as I understand.

Thanks Kevin.

I asked ChatGPT (I love it more and more) + government websites.
Indeed I can't register a company in Australia.
If I do it in France, while still living in Australia, it's still technically breaching the work visa.

But if there's no income to declare back to Australia, something called CFC Controlled Foreign Company, and I keep the profits in the company (no personal income tax), then chances are Australia will never know.
Then it's just a question of likeliness of being discovered, and accepting the potential consequences or not.