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Last active March 4, 2024 07:19
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Gay Fish

Gay Fish Pty Ltd Business Plan

Executive Summary

Business Name: Gay Fish Pty Ltd
Website: fish.lgbt
Offerings:

  • AI Chatbot: A distinctive AI chatbot leveraging Vercal AI SDK and Cloudflare AI for advanced functionality.
  • Studio: An open-source visual design tool encouraging creativity and collaboration.
  • Feetchair: A Cloudflare-based feature flag service for streamlined feature management.

Mission: To empower global professionals with innovative tools, enhancing productivity and creativity, while upholding ethical practices and fair compensation.

Business Structure

Type: Proprietary Limited Company (Pty Ltd), offering liability protection and scalability, supporting our mission for fair employee and shareholder treatment.

Legal and Registration

  1. Director ID: Ensure all directors obtain their Director Identification Number for compliance.
  2. ACN: Already acquired, establishing the company's legal entity.
  3. ABN Application: Apply for an Australian Business Number for tax and business purposes.
  4. GST Registration: Plan to register for GST once the anticipated annual turnover reaches or exceeds $75,000.

Financials

Banking: A business bank account set up with the ACN for financial transparency and management.

Payment Processing and Tax Management: Utilize Lemon Squeezy for efficient international payment processing and tax management.

Strategy

Product Development

Focus on developing the AI chatbot, Studio, and Feetchair, ensuring alignment with global standards and user-centric design.

Market Approach

Target the international market with our unique AI and software solutions, using digital marketing and community engagement for growth.

Revenue Model

Adopt a freemium model, providing basic services for free with premium features available by subscription, fostering accessibility and revenue generation.

Compliance

Commit to adhering to international and Australian tax laws and digital regulations, with tools like Lemon Squeezy to streamline compliance.

Intellectual Property

Proactively manage and protect intellectual property, promoting innovation and collaboration in the open-source domain.

Support and Advisory

Seek guidance from advisors experienced in tech startups and international operations, ensuring our strategy reflects our ethical and compensation values.

Goals and Milestones

  • Short-Term: Launch the AI chatbot, Studio, and Feetchair, gaining market presence.
  • Medium-Term: Reach operational profitability, reinvest in development, and maintain fair compensation practices.
  • Long-Term: Expand our range of software offerings, establishing Gay Fish Pty Ltd as a leader in ethical practices and innovation in software solutions.
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