Duh!
I was locked out of my own blog for more than a week! What a shame! I forgot my password so I have to dig the tables of database just to look up the username and password I used in this blog. Oh well.. now I learned my lesson.
The whole week wasn’t that fun. First of all, my quizzes aren’t that great… I just don’t feel like I am doing my best right now.
Things are getting complicated. I have two pending projects and these projects need careful planning and management. These projects are both web deployment project. The first one involves e-business. The second project involved open-source technology. Right now I’m focusing my attention on the first project because that’s going to be the backbone of the second project.
Although starting a business may sound easy it’s really harder than initially ad imagined. Making e-commerce works is not as easy as constructing a webpage. It’s more that than, way far from what most people think (or rather, what I thought). You need to be business-literate so I’m sort of literating myself right now. I’m learning as I go forward.
Based on my readings and researches, there are so many things you need to complete before you can setup a business. To make everything legal you need to register your it to Department of Trade and Industries (DTI). Registration requires some legal papers and that includes the Article of Incorporation if it’s a corporation. For our situation, since we are going to be have more than 10 people we might set our structure as non-stock corporation. We are going to get a lawyer to iron out this problem. Once the Article of Incorporation is duly signed we need to verify it in Securities and Exchange Commission (SEC), yet another processing fee…. and so on.
As far as the cost of getting started is concerned, we needed to spend a humble amount of start-up money. Filing fee of Articles of Incorporation is worth P210, filing of By-laws – P210, Membership Book – P320 & Stamping – P50. The registration of business name for corporations under Bureau of Trade Regulation and consumer Protection (BTRCP) is worth P500 and additional P15 Documentary stamp for each application. And that’s not finished… I need to secure my Tax Identification Number (TIN) for income tax, too. ‘Doh! I’ll be taxed! I don’t even know how taxation works so I need to know how! I seriously need an accountant, too. Thanks God, I have a good network of contacts who are ready to help.
That’s only the beginning… after all I need to design the front-end and back-end of the websites. This will be kept secret for now. The front-end would be easy. The back-end is more complicated. Designing dynamic website has never been a piece of cake anyway. You need to put in some effort. I need to integrate ATM/Credit Card gateways and provide a secured shopping storefront. It’s all spinning in my head. Finding a decent Credit Card gateway is already a big challenge since very few 3rd Party gateways offer their service in the Philippines. One perfect example is Paypal. I am so disappointed that their service is not available here in the Philippines. Maybe I have to contact some of my friends in the US so that we can take advantage of Paypal’s servive; otherwise, I will get 2Checkout since it’s the most convenient alternative.
We need to simplify things because the way that I see it now, they are getting complicated.
For now, I’m going to sleep… zzz.
