My plan is to register GrowSense as a business name in Australia, and the domain name
The hydroponics store/business called "GrowSense Hydroponics" has dissolved. Tibi shared a link not long ago confirming this.
I don't think there are any legal issues with us using the name now. The only issue is if you google GrowSense there are remnants of information left online about that store.
Slowly those remnants should become rated lower and lower on search engines and we should easily be able to outrank those results by launching a new business/website.
I'm thinking the official name will be "GrowSense IoT" trading as "GrowSense".
The domain name will be
growsense.ai but the title of the website and all official titles on documents I'm thinking should be "GrowSense IoT".
Part of the reason for adding the IoT section is because it makes it clear what the business does in the name. It also differentiates us from the "GrowSense Hydroponics" store in case anyone gets confused when doing a google search with the remnants of info that still exist.
Initially it will just be registered as a business in Australia. Then we will seek advice on whether it needs to be registered in other countries as well, so people in other countries can take on official roles in the business and potentially trade under that name (eg. selling kits, installing systems, etc.)
The GrowSense IoT business will be an independent legal entity which is in partnership with Sensorica/CAKE. We will need to establish the necessary agreements as we go.
Any revenue generated by GrowSense in the early days will be put back into the business to encourage it to grow. To fund things like internet, electricity, hosting, stocking up the inventory, infrastructure, deploying demo systems, etc.
Once the revenue reaches a certain level (this level will need to be discussed and decided) then profits can start being paid to all contributors based on their share.
My plan is to establish a "board" of core members/decision makers to make decisions following or inspired by the sociocracy model.
The basic idea is that all significant decisions are made by getting consensus from the entire board. This differs from the democracy model in that ideally decisions aren't made by a majority vote.
If we can't get a consensus that everyone is able to live with we keep negotiating until we do.
The reason for aiming for consensus is to try and ensure that there are no "losers" in the decision making process. If anyone objects to a particular course of action then we keep discussing and/or adjustng it until no objections remain.
I do reserve the right to make executive decisions if absolutely necessary, in cases of emergencies, or where decisions need to be made immediately and there's no time to consult the board.
But I hope I don't ever need to exercise this right for any significant decisions. I don't want to be a business manager I just want to focus on building tech. Eventually I would like to have the board run the business while I run the tech side of things.
Part of the job of the board is to hold me accountable for my decisions if I ever do exercise this role.
I'll do my best to ensure all significant decisions go through the board. And to ensure that if a decision doesn't go through the board that it's made in the best interest of GrowSense and everyone involved.
When it comes to the tech side of things it's unrealistic for me to run every minor decision by the board. So I will be making executive decisions regarding minor technical matters. But again the board will supervise and review these decisions and hold me accountable.
Significant technical decisions I do plan on running by the board.
We may need to establish multiple boards for different areas. So we may need a "tech" board populated by techies, who understand the tech, which is separate (but likely overlapping) with the board which runs the business.
This approach will need to be tested and we may need to adapt the model as we go. As it gets tested the governance model will begin to be formalised.
That process of formalizing the governance model will be a good example of where the board (or boards) are involved in negotiating and agreeing on each evolution of the governance model.
If anyone has any objections to any of this or can think of a reason why any aspect of this might not be a good idea, please let me know and we will discuss it.
Cheers,
John