Fork me on GitHub
#business
<
2018-10-07
>
rmprescott01:10:35

No one has mentioned any legal aspects. Something as simple as protecting your personal assets by incorporating.

seancorfield02:10:11

@rmprescott Hah, good point! I sort of assumed anyone even contemplating offering a commercial service has already planned to have an actual corporation to run it!

rmprescott02:10:46

After the basics are out of the way then the issues of the legal implications of the content of the data you are processing come into play.

seancorfield04:10:17

And in particular these days: GDPR, if you're touching any European people's data.

rmprescott13:10:53

multi-tenancy: can your customers risk a software bug exposing their data to another customer? How sensitive is the data? How much do you want to invest to prevent that?

rmprescott13:10:41

There are gobs more. Don't let this stop you. Lots of businesses launch with tons of risk exposure. Just know what the major ones are and apply the four approaches to risk: avoid, mitigate, transfer and accept.