I started this group because I saw that a lot of people had questions about starting a company.
I wanted to share my advice from my experience that starting a company should be one of the last steps in your IH journey.
In many countries, you’ll find that it is easier and easier to start a company if you live outside that country. But before starting a company, you should ask yourself, “how will you shut it down if things don’t work out?” The reason is that the costs to shut down can be 5x’s the cost to start a company.
Also, the bureaucracy + costs that it comes with is not worth it unless you have a product that is really going to sell. What you don’t see is that many countries have made it easy to setup a company because they want to support a growing mini-industry of legal, accounting, and tax firms that center around company administration.
You’ll find plenty of advice of internet encouraging you to start a company and explaining how, but you won’t find much explaining the reasons why you shouldn’t.