Anyone ever hired a collection agency? small business |
- Anyone ever hired a collection agency?
- How much would you pay for a used appliances store?
- Parking Lot Issues
- Startup Capital for a Cafe
- First it was Cupcakes. Then it was Frozen Yogurt. Now it's Ice Cream Sandwiches. What's next?
- Do you guys use a PEO? (Professional Employer Organization)
- Creating a Price Book
- Easiest US business credit card to get for a newly-formed Canadian corporation?
- $30 for 5min Video Edit - Requesting Feedback on Video Editing Business Model
- Purchasing goods in USA and selling in Canada tax exemption
- nyc is increasing their minimum wage to 13 next year and 15 an hour the following year. How will this affect small businesses?
- Small office phone recommendations?
- Experience using blue book?
- I'm starting mobile application business
- ERP for a small manufacturer
- Started recently and already messed up. What should I do?
- Retail store and where to start
- I’ve sold nearly $20M worth of profitable businesses in 2017 (X-Post)
- Invoice templates in Word, Free!
- In need of LLC advice
| Anyone ever hired a collection agency? Posted: 28 Nov 2017 04:52 PM PST Hi all - I'm looking into hiring a collection agency to clean up some old delinquent accounts for our little company. Searching around online shows a ton of companies that all look super shady. Has anyone ever worked with one of these before? Any recommendations? Thanks in advance! j. [link] [comments]  |
| How much would you pay for a used appliances store? Posted: 28 Nov 2017 11:14 PM PST I been learning appliances repair for past few months. I can fix all kind washers, dryers, gas/electric stove and ovens. Getting my hands straight on friges now. My boss is going to retire. He is willing to sell his business to me. He buy applianes, refurbish them and sell. He gets enough calls to repair for local people. Here is the business data... Profit from sales between $5000- $7000 Profit from delivering them $1000 + Call Repairs depend on him but he easily makes $500+ Parts sales profit $500 + So basically his profit is abover $7000/month. Rent is $1800/month. 2 years of lease agreement left. He works 9-5pm and he is not putting his 100% cause of his age/retiring mindset. Profit could be raise up a little bit more if with good customer service. He doesnt do any advertisements or anything. He been on this location for over 6 Years. He has $5000-$7000 inventory. This small business needs labor. I dont mind running this business. How much should i offer him? It's my first time buying a business. [link] [comments]  |
| Posted: 28 Nov 2017 08:20 PM PST I manage a small family-owned restaurant. Next door there is a dentist office, bar, and pharmacy(multiple floors). All 4 businesses share a parking lot. In a parking survey my restaurant owns ~40% of the parking spaces. The bar owns 0%, pharmacy and dentist 30% each. A real estate company manages the parking lot. In the last year a gym has been established on the second story of the pharmacy and has classes around peak lunch and dinner times, severely affecting the restaurant's busy times. Parking for the gym is piggybacking on the pharmacy (a couple owns the gym and pharmacy). So the main concern is that these other businesses are destination locations. People have appointments/prescriptions to fill; they are going to show up to these places regardless of how the parking lot is situated. The gym/pharmacy is generally over capacity on their allotted parking spaces via the parking survey, and the company running the parking lot does not seem to care about this. What can I do? [link] [comments]  |
| Posted: 29 Nov 2017 01:03 AM PST Hey everyone.
I'm interested in opening my own cafe in an area in California which could use one. I've worked as a manager in a cafe for a year, and I'm about to graduate with a Bachelors in Business/econ. I'm currently unemployed to focus on college.
I don't have the 10-20% of initial capital to inject equity into the business to qualify for a small business loan to buy the property, and I've nothing in the bank.
What may be the best way to acquire capital without family, friends, or fools? As I may require $50k-$200k depending on the property. I'd rather not work for a few years to save money to open my business. I'd like to open it ASAP and begin building my passion.
Can an impeccable business plan alone be enough to convince private investors for a short term high interest/fees loan?
Using a 400k property+equipment as an example; the dream would be to borrow 80k from a private party at a high interest on a short term 3-5 year loan. I'd use that to apply for the larger loan from a bank for about 320k with a strong business plan.
I want to be the sole owner and would not sell ownership for starting capital.
Thank you for reading! Any advice, ideas, or brainstorming would be appreciated. [link] [comments]  |
| First it was Cupcakes. Then it was Frozen Yogurt. Now it's Ice Cream Sandwiches. What's next? Posted: 28 Nov 2017 06:52 PM PST |
| Do you guys use a PEO? (Professional Employer Organization) Posted: 28 Nov 2017 12:07 PM PST I work for a PEO company, and was looking to get some feedback from small business owners as to how they feel about PEO's, or if they've even heard of them. For those who don't know, PEO's basically give small businesses the ability to give their employees enterprise level benefits by putting their employees under the PEO's umbrella, which gives the company more buying power with health insurance carriers. [link] [comments]  |
| Posted: 28 Nov 2017 01:19 PM PST I have a small retail business. For several years now (think decades) I have used MS Word to create a price list to share with local clients. I've got it fine-tuned to where it's not as hateful as it once was to update my prices at year-end, but what is the best way to create and then UPDATE a pricebook year after year? [link] [comments]  |
| Easiest US business credit card to get for a newly-formed Canadian corporation? Posted: 28 Nov 2017 04:34 PM PST I recently "upgraded" from a sole proprietorship to a corporation, so I'm looking into moving my expenses from personal to business for my Canadian business. Because of the nature of my business, it solely deals with the USA and China with USD, and the only reason to convert to CAD would be to pay myself. So, I have expenses which are only in USD. Many of my expenses, which are in USD, can only be paid by Visa / MasterCard. Canadian credit cards all charge a conversion fee for this, and balances have to be paid in CAD. I'd prefer to have an American credit card so I can pay for balances in USD (and thus no conversion fees), and the American credit history would be nice as well. So, what would be the easiest way to get a US credit card for my Canadian corporation? If possible, without having to go to the US (though I can go to a local branch in Canada like TD, BMO, etc). I already have a TransferWise Borderless account with US banking details. Even though I could open a BMO Harris bank account and get a MasterCard debit card, I'd prefer to just have one bank account to simplify things. [link] [comments]  |
| $30 for 5min Video Edit - Requesting Feedback on Video Editing Business Model Posted: 28 Nov 2017 04:31 PM PST I'm in the process of developing a new service, that provides video editing services to vloggers and small business owners at very affordable prices. For example: $30 per 5 min edit $40 per 10 min edit $100 per month for a 5 min video edit every week. This service would be intended for vloggers and small businesses that maintain a consistent online video presence for marketing purposes. Do you think this service would be valuable for vloggers/small business marketing? Is this price fair and affordable within your industry/niche? If not, what would be a more realistic, worthwhile price point for you? Thanks guys! edit: formatting [link] [comments]  |
| Purchasing goods in USA and selling in Canada tax exemption Posted: 28 Nov 2017 04:22 PM PST If I am a Canadian business and I source my goods in Michigan I incur Michigan state tax. I self import these goods to Canada. I am a registered Canadian business with a Canadian tax ID. Does anyone know if I would be able to exempt myself from Michigan state tax since I am exporting these goods to Canada? Would I be able to acquire a Michigan state tax ID for this purpose? [link] [comments]  |
| Posted: 28 Nov 2017 03:03 PM PST |
| Small office phone recommendations? Posted: 28 Nov 2017 02:37 PM PST I need a new phone system for the office, and as the unofficial IT guy it's my job to find it and set it up and make sure it works well and fits our needs. Here's what I need, hoping you guys can recommend something: Desk phone base 4 expandable cordless handsets EHS connection for a Jabra 920 headset No VoIP (Tried it, internet is funky here) Thanks. [link] [comments]  |
| Posted: 28 Nov 2017 02:12 PM PST Hey guys ! To my construction peeps, anyone have any experience using Blue book construction to get access to new bids? I called today and they were talking about gold members silver members. They gave me a final price of 317 to be in two different markets in two different classifications. Thanks ahead! [link] [comments]  |
| I'm starting mobile application business Posted: 28 Nov 2017 01:45 PM PST I don't know how to code so I'm going to go to a software developing company, how can I protect my idea when When I explain it to them. If the answer is patent, I don't know if I can get one because it's not a new idea but it's improvements of an already existing idea. Any response would be great. Thank you. [link] [comments]  |
| Posted: 28 Nov 2017 01:22 PM PST The company I work for is beginning to look for an ERP and have asked for my input as I am one of the few who have used one before. That being said, my knowledge is very small--my experience was in data entry on the manufacturing side, using SAP. I am looking to better understand what questions I should be asking as we go forward. I am also planning on telling the COO that we might want to hire a consultant who specializes in this, so we do not waste a bunch of time and money on a system that ends up not being the correct fit. A bit about the company/industry may be helpful here. We are a fairly new, small company with 12 employees. We are a manufacturer of an electronics product in the renewable energy industry. We do not have a dedicated IT person--which I think is a problem. Here is an email the COO sent out: "We are considering a move to Xero as an accounting software. Unfortunately Xero's inventory function won't work well for us due to some restrictions (won't allow for selling beyond inventory/backorder, can only due all items strictly inventory managed or none, not a mix). There are various apps that can integrate with Xero that are more focused on inventory management for manufacturing. I am compiling a quick list of software that integrates with Xero, provide inventory and manufacturing functionality with some notes on differences as I see them. I would appreciate input on what features are most important and any system evaluation support. What we minimally need to be able to do in order to replace the existing QuickBooks inventory management is:
He then lists the following options: Unleashed Website: https://www.unleashedsoftware.com Dear Systems Website: http://dearsystems.com/ TidyStock Website: http://tidyinternational.com/ Fishbowl Website: https://www.fishbowlinventory.com Manu Online Website: www.manuonline.com MRPEasy Website: https://www.mrpeasy.com tl;dr How does one evaluate an MRP with so many choices and options--and as a non IT person? [link] [comments]  |
| Started recently and already messed up. What should I do? Posted: 28 Nov 2017 06:39 AM PST Hi everyone, I hope this post doesn't violate the rules. So recently me and my partner started a shoe business - as an important note, we're inexperienced in business. We started with a capital around 1500$. Around half has been used to get necessary license, trademark, etc. Now the real problem is with shoemaker. We spent around 630$ for the production of 40 pairs of shoe and we were naive to blindly trust them. It's a long story but the point is their skills were horrible. Only around 20 shoes are salvageable. And those already are far BELOW our standard. We're at the point that returning it to them is perhaps useless because the problem was with their skills. We still don't know the possibility of refund. So as damage control, we ended up selling with a very tiny profit. 3 days in and we have sold around 7 shoe and our cash reserve has grown from 177$ to 300$. And if we manage to sell the rest, we would have around 688$. What should we do next? We're already searching for competent shoemakers, and their price is around 35$ per shoe average. Should we make a couple pairs of shoes, sell them, and use the profit to slowly cover the loss and grow our business? [link] [comments]  |
| Retail store and where to start Posted: 28 Nov 2017 06:21 AM PST Hey everyone, I have been working my ass off for other people for too long. This past year I got super burnt out, was thinking of what i can do to stay happy and challenged. I have been working in the horse industry for a long time and decided I could probably open up a high end retail store for equipment etc in my area. I just have no idea where to start! I have a meeting next week with a government small business program but I feel like I should go into it with some information. I know most retail stores fail but at this point I am willing to take the risk, gotta try something to make something happen. Thanks. [link] [comments]  |
| I’ve sold nearly $20M worth of profitable businesses in 2017 (X-Post) Posted: 28 Nov 2017 07:28 AM PST Empire Flippers is hosting an AMA now about building, scaling and selling businesses. Feel free to come ask any questions you might have in this thread [link] [comments]  |
| Invoice templates in Word, Free! Posted: 28 Nov 2017 11:02 AM PST I guess the title says it all: https://www.freenvoices.com [link] [comments]  |
| Posted: 28 Nov 2017 06:38 AM PST My business partner and I formed a 2-member LLC in the state of Kentucky. We got an EIN, business checking account, business credit cards, and liability insurance. We haven't yet registered with the IRS or the KY department of revenue. We haven't made any money yet but we've both contributed cash and it's in our business checking account. We've been putting this together in our spare time. We've decided to change the address and change the name of the LLC. How big of a deal would it be to dissolve the current LLC and just form a new one? [link] [comments]  |
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