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Entrepreneurship is a war without smoke, and every soldier is eager to win in this war. In the first half of 2018, I was fortunate enough to be a part of this war, building my own business from scratch step by step.1. Company Set-up: Cost, Tax, Legal, Compliance
For many fledgling entrepreneurs, company registration, tax planning and legal compliance are obstacles that must be overcome in the initial stages. These basic work, although cumbersome but crucial, they are the cornerstone of the steady development of enterprises.
- Company registration: With the help of online resources and professional guidance, I gradually mastered the process and necessary materials of company registration. Details make or break, and even a small oversight can lead to extra costs and registration delays. When determining the scope of my business, I paid special attention to the fiscal aspects to ensure that I laid a solid foundation for financial health from the beginning.
- Tax planning: Taxation is the core of business operations. Through extensive reading and consulting professional organizations, I gained valuable knowledge of taxation, especially in cost control in employee compensation, social insurance, etc., which is especially important for start-ups.
- Legal risk: To ensure compliance with the company's operations, I hired a team of professional lawyers. Their expertise not only protected the company from legal risks, but also provided solid support for me in subsequent game license applications and entrepreneurial journeys.
2. WeChat Mini games development: breaking through obstacles
The development process of WeChat Mini games is full of challenges. From the gestation of ideas to the launch of products, every step tests our patience and determination.
- Technical difficulties: During the development process, we encountered various technical problems. From joining the Egret development platform to independent development, from outsourcing to full control, we have experienced a difficult exploration. The whole process encountered many obstacles. I know that cost-effective, easy-to-operate, modifiable front-end and back-end systems are key to success. The team's unremitting efforts and continuous learning have enabled us to overcome these difficulties one by one.
- User Experience: In order to provide a superior gaming experience, we continuously optimize the game interface and features. I invited people of all ages, genders, geographies, and industries to participate in the internal test. Although this is not a routine practice, through constant trial and error, I learned to abandon perfectionism and pursue effectiveness in entrepreneurship.
3. The importance of networking: gas stations on the road to entrepreneurship
Entrepreneurship is not a battle of one person, network resources are crucial to entrepreneurial success. In 2018, I deeply felt the tremendous energy of networking.
- Business cooperation: Through contacts, we found partners and jointly developed new projects.
- Financial support: In times of financial stress, it is the generosity of friends who help us tide over difficulties.
- Market access: Especially in the process of applying for game version number, network resources play a huge role. Although 2018 is the cold winter of the edition number, we still strive to win valuable edition numbers through various channels.
- Internal message: Through contacts, I was able to establish contact with Mr. Sun, the person in charge of WeChat Mini games. His insights made me realize that WeChat Mini games platform is still in the early stages of development, and the profit model is not clear yet, which is one of the important reasons why I finally chose to give up the project.
4. Economic Success, Career Failure: The Loss of Profit Points
Although some achievements have been made in economy, there have been setbacks in career development. The project of Mini games did not last. Reflecting on its reasons, the lack of profit model is the key.
- Profit model: Although certain achievements have been made in the economy, there have been setbacks in career development. The project of Mini games did not last. Reflecting on its reasons, the lack of profit model is the key.
- Tuyere and explosion point: I gradually realized that simply pursuing market hot spots and explosion points is far from enough. A successful business model requires a clear profit point and a long-term development strategy.
5. Quick Turn and Abandon: The Way to Start a Business
In the process of starting a business, you have to face a cruel reality: not all projects can succeed. Learning to turn quickly and give up is a skill that every entrepreneur must master. Before watching other entrepreneurs talk about this, I still can't understand, think this is just a decision. I know how difficult it is to experience it.
- Sunken costs: You can't continue to stick with a project without prospects because of the sunk costs already invested.
- Timely adjustment: Once a problem is discovered, it should be adjusted immediately to find new opportunities. At present, we are preparing to make efforts on the chatter platform, which is not only my previous area of expertise, but also my optimistic future development direction.
Summary
The entrepreneurial experience in the first half of 2018 was a valuable learning process for me. I learned a lot from it and grew up. The road to entrepreneurship is long and arduous, but as long as you keep learning, dare to try, dare to face failure, you will be able to find your own way to success. Keep moving forward, the future can be expected!
