LaKlusek
New Contributor
The town I'm living in sometimes holds grant programmes for starting your first business - I never qualified cause I was still in college but now that I've graduated, I can benefit from such a programme.
Now I don't know how (and if) it works in other countries but where I live, the tldr version is that you get ~$7000 which you can use for pretty much anything apart from taxes (which are a mandatory of cost of ~$150 a month here) and buying cars. Oh, and also you cannot use more than 20% of the money for any land/property/estate if your business needs one. The only requirement is that the company is operational for at least 12 months (which equals 12 months of paying this $150 tax) and you can't work anywhere during that time.
So since starting my business has been a dream of mine for a long, long time now, I wanted to apply cause it's always better to start with a free 7 grand than with nothing. However, I'm really stuck with regard to what kind of company would be a good fit for a first timer and the best use of that money. When thinking about it, I decided that the best way to go about it would be:
Any tips, suggestions and ideas would be very, very welcome
Now I don't know how (and if) it works in other countries but where I live, the tldr version is that you get ~$7000 which you can use for pretty much anything apart from taxes (which are a mandatory of cost of ~$150 a month here) and buying cars. Oh, and also you cannot use more than 20% of the money for any land/property/estate if your business needs one. The only requirement is that the company is operational for at least 12 months (which equals 12 months of paying this $150 tax) and you can't work anywhere during that time.
So since starting my business has been a dream of mine for a long, long time now, I wanted to apply cause it's always better to start with a free 7 grand than with nothing. However, I'm really stuck with regard to what kind of company would be a good fit for a first timer and the best use of that money. When thinking about it, I decided that the best way to go about it would be:
- the company should be something I _wouldn't_ be able to do without the money upfront; thus, even though I'm a CS major, starting a company with making software or games being the primary focus doesn't sound like a good idea because a) I can do that without any additional money if I want to do it solo and $7k is too little to get other people on board anyway and b) even though I have a few video game pet projects, making them something market-ready (not to mention marketing or monetization plans) would be at least additional few months - months with no income and the taxes eating me up, mind you
- it would be good if the company started generating some kind of revenue (albeit small) ASAP so that I don't have to empty my credit cards or beg Family, Friends and Fools for money to spend on taxes. I'm not talking about "I'm rich" money, just enough so that the taxes aren't a nightmare and I can kind-of sustain myself on it without a job (which I'm not allowed to do during that time). I can't use the money from the grant _directly_ towards taxes but I can use anything generated from that money however I wish.
Any tips, suggestions and ideas would be very, very welcome
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