I’ve mentioned before that I’m a wretchedly reluctant entrepreneur… yet to have the life I prefer to lead, and more specifically to unpack my bags in Mumbai, regular employment just isn’t the way to go.
So here is the great ‘reveal’…
1. International (Asia)
Delighted to share I’ve officially opened my company in Singapore! Yipee!
I even have a spiffy new corporate bank account, domain (but no website – let’s not get too excited here!). And have given myself one month to figure out how to do the accounts and tax stuff myself else will shout out for help!
It was absurdly easy, took only minutes and the kindness of an old high school friend… and voila! I was set-up.
The plan is to route all international projects through this company, paying all the appropriate taxes (‘cus we all know how important it is to be good global citizens!).
2. Domestic (India)
Haven’t quite cracked this as originally planned. Had thought would have a business partner however what seemed like an ideal alignment of interests… proved to not have quite the same level of commitment. Oh well.
So still function as a sole proprietor with plans at some point to open a domestic private limited company… But it is just so dreadfully difficult to get anything done in India that I’m not stressing myself. Plus, frankly, given that I haven’t had a single project in India since July of last year… there isn’t any urgency.
I’m hoping to change that over the next few months… if it looks likely that I will have some local business, will open a ‘propah’ company. Else will continue with my wee little me myself and I enterprise.
3. Partner plans (Mumbai)
Alas the news here is the most frustrating. The company is officially set-up but the business is not.
We had ambitious plans to open a nightclub in Mumbai – a place for performers to call home whether it be spoken word, theatre, dance or music. We put together a great team, built a sensible business plan, pooled our resources and put a heck of a lot of effort into finding the right space that could be as close to being legal as possible in this mad Mumbai.
And offered once, then twice then thrice for different places. We were soooo close… trotted out MoUs, draft leases, girded our loins for the mega deposit. To have all our hopes fizzle away with owner fears of union complications, family politics and what can only be described as the greediness of various potential landlords / lasses.
Dreams dashed, we decided to step away rather than get suckered into paying insane sums that would not support our sensible sustainable business model.
There is a new plot forming – possibly not even in Mumbai – however until is morphs from pupae to butterfly, will stay ‘mum’.
I’ve come to terms with these developments and one never knows… seeds planted today may grow and flourish in future!
Anyone else put sweat, time, hopes and efforts into something to have it not quite materialise?
- “The dog ate my homework!“
- Confessions of a reluctant entrepreneur
- The Emma G days… a tribute to taking a chance!