QUESTION OF THE WEEK
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What is the best way to handle the finances of an Indie developer in Europe? Create a company since the start or go with a personal developer account?
— Anonymous
A common question I've been asked multiple times is how to handle finances.
Let me start by saying I won't give any financial advice. Each case is specific to your circumstances and country. In general, getting an expert to provide you with the insights you need is best.
However, a developer account decision is something I can answer from my experience. I started with a personal account and only transitioned it to a SwiftLee company account when I also transitioned to - what we call in the Netherlands - a company.
I started small, running a side business as an individual. Once revenue grows, it's time to reevaluate and decide whether it makes sense to restructure your business—once again, with the advice of an expert in your legal environment.
Lastly, in my going-indie course, I advise reinvesting all your side-income earnings for growth while you're still working at a full-time job. You don't need the income, so you might as well use it to grow faster and potentially allow yourself to go indie quicker.
I'm almost out of questions, so I would love for you to fill in the form! It's a small form, and you can submit your questions anonymously. Feel free to ask anything here!