Client won't pay invoice of $7500.. Collection agency didn't work. small business |
- Client won't pay invoice of $7500.. Collection agency didn't work.
- How do I get my remote business phone number to forward texts and calls to whomever is on-call?
- Accounts for LLCs
- How do I get paid if I own a business?
- Business structure (multiple LLC?)
- Newbie questions regarding buying wholesale, business structure, and future flexibility.
- Compensation Plans for sales reps
- What was a time when you almost gave up?
- Stuck with both an LLC and S-Corp. Need some advice.
- I'm Starting A New Business That Helps Other Business Owners Automate Their Workflow Processes To Save Them Time. I'm Offering Free Work For 2 Businesses In Exchange For An Honest Testimonial.
- Standard Annual Budget Format for Clients?
- My IT company is finally profitable... but I think 'm sick of IT
- Direct Thermal v Thermal Transfer for UPC label printing?
- I need suggestions for highly customizable CPQ software.
- Need Help With LinkedIn Ads? I'm Creating A Guide For All!
- Paid Survey for Small Business Owners
- Chamber of Commerce Member Lists
- How much should my silent partner/investor make?
- Help with fulfillment service (USA)
- Would an accountant or lawyer be the appropriate person to discuss LLC formation, tax ID (EIN), etc.?
- Working as an employee of your own company
- Need help deciding funding options
- Field Service Management Software Suggestions?
| Client won't pay invoice of $7500.. Collection agency didn't work. Posted: 06 Dec 2017 08:26 AM PST Hey guys, I'm in need of some help right now. So it all started around exactly a year ago. We're a manufacturing shop based in Quebec, quite a big one at that. We got an order for some PULLEYS by a company based in Woodstock, ON. After a bunch of arguing with shipping time and struggles, they were finally shipped out. We received a check in the right amount of around $7500 CAD. The check bounced and we immediately contacted them, we never heard ANYTHING back from them and they would not answer their calls. They are still a 100% functioning company. We used Dixon collection agencies and it still didn't work. We would really like this money, how can I get them to pay me? I'd prefer not pay for a lawyer etc.. as the fees would probably be higher. [link] [comments]  | ||
| How do I get my remote business phone number to forward texts and calls to whomever is on-call? Posted: 07 Dec 2017 03:05 AM PST I run a travel business with different people on-call each day to answer the phone and text messages. I can't have them physically changing phones each day, so I want an forwarding service. I have two brands (managed by the same team) so I want two numbers that reach 2 different recorded messages, but forward on to the person on call that day. I live in Australia, but I'm interested in what solutions you have all used regardless of country, so I can know where to start. Thanks. [link] [comments]  | ||
| Posted: 06 Dec 2017 08:15 PM PST I'm making checking accounts for 3 different LLCs I have. How would you structure your accounts in this situation? I was thinking have all of the operating accounts flow profit into a holding account, then having salary / dividends paid to my personal checking from the holding account. I would also use the holding account to lease property to my operating accounts. Does this structure work or is there a better way to do it while protecting all of the companies legally and tax effectively? [link] [comments]  | ||
| How do I get paid if I own a business? Posted: 06 Dec 2017 06:59 PM PST How do I get money from the business account to buy personal things like food, rent, beer. Do I give myself a w-2? I was considering an S corporation or an LLC. I'm in Virginia Beach,VA [link] [comments]  | ||
| Business structure (multiple LLC?) Posted: 06 Dec 2017 06:08 PM PST Using a new account to protect my personal identity. I am purchasing a business in the hospitality industry. I need help setting up my business structure. My family in the past has used 1 entity (inc or llc) to do business for past ventures. This means the LLCs they used for every property owned the property, operated, and was taxed using different methods but mostly electing to be taxed as an S-corp. Fast forward to today, I have read at many other hospitality locations (hotels, restaurants, hospitals, etc.) that the property is owned by "X" and operated by "Y". I have read and heard through industry talks that this is done to protect the property ownership from any mismanagement pitfalls. I have also read balance sheets from other properties on sale that indicate the same. Many larger management companies do this as well, as most recently I read a company managed many different restaurants and hotels, but when I looked up the properties, they are owned by different corporations. If I use "X,LLC" to own the real estate and "Y,LLC" to operate the property, what kind of agreements do I need between the LLCs? In my industry I know management contracts are the most obvious ones. The other aspect of this is tax but for now I know I can figure that out with my CPA. Are there any services online, or attorneys that can help me figure help I need? The reason I am posting this online is to hear a real opinion. Thank you for any help/suggestions. [link] [comments]  | ||
| Newbie questions regarding buying wholesale, business structure, and future flexibility. Posted: 06 Dec 2017 06:05 PM PST I've wanted to start a business for years, but have always been too anxious and unsure of myself to even get started. I've finally got to the point where I'm saying fuck it, lets do this! I've been a working musician for years, and have come up with a plan for a brand of music accessories (guitar strings, picks, cables, etc.), and found a manufacturer to work with, but here things come to a halt. To go any further than looking at price sheets and making pretty spreadsheets I apparently need a tax ID and resellers certificate. Can I get these as a sole proprietor, or do I need to structure as an LLC? I'm based in Michigan, and an LLC seems like the simplest structure to set up if I need to go that route. At some point I would like to fund a project building instruments with any profit from the accessories, but under a different name. Can any future business endeavor fall under the umbrella of my single LLC? Is it as simple as registering a different DBA? Any advice is appreciated. My brain is somewhat scrambled from several days of staring at 3 letter acronyms. Thanks! [link] [comments]  | ||
| Compensation Plans for sales reps Posted: 06 Dec 2017 06:02 PM PST We're a 10 y/o design/build architectural sign company that currently has 3 sales reps and around $5m in revenue/year. Our top sales rep will do about $2.5m and currently we pay a tiered structure based on a revenue number. She will make approximately $250k this year so the program is about 10% of revenue if they hit their number. This program was around before I came in (my family business) so i'm not in favor of the commission being based on a revenue number. Main issue with this is that we're paying regardless if our sales people grow their book of business or not. The rep I talked about above could have a $2.5m quote and sell $1.25m and still make $100k. I don't think doing 50% of your number should make you 6 figures. In 2018 I want to create a new program that encourages growth. I've been in the corporate world so I know how it's done on a larger scale, but for the small business it's different. Any companies out there around the size of us and can share what their commission programs are? I would like to create a program where they are paid on individual goals and also on how the company does. That way if we don't hit our number as a company then they aren't getting the maximum of their bonus. I appreciate any insight that you may be able to provide. [link] [comments]  | ||
| What was a time when you almost gave up? Posted: 06 Dec 2017 01:57 PM PST I'm curious what happened, and what it was that helped you persevere? [link] [comments]  | ||
| Stuck with both an LLC and S-Corp. Need some advice. Posted: 06 Dec 2017 04:12 PM PST
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| Posted: 06 Dec 2017 04:02 PM PST My name is Evan and I've been running a successful Adwords agency for over 3 years - Atria Media Group. We, as business owners, can often overworked ourselves which causes us to lose creativity and passion for our businesses. By automating the mundane tasks you can regain the ability to make a greater impact by freeing up your time and creative headspace. While building my agency to just under $1 million in yearly revenue I've learned how important automated, repeatable processes can be to the growth of a business. I've taken my personal workload from working over 50+ hours a week consistently down to 10 hours or less per week. So what am I doing with my extra time? Well, after a lot of travel and hiking in the Rocky Mountains I've decided to build a new business that helps entrepreneurs who have reached their limit and need help building processes so they can get out of their business to work ON their business, not IN their business. I'm offering 2 business owners my time and resources to help them build their standard operating procedures and automate those procedures. I'd like to find 2 business owners that I can reduce their workload in half which in turn will help me work out how I'm going to structure this new business. I just ask for feedback and an honest testimonial I can use to help launch. To Qualify
What I Ask In Return
That's it. Feel free to ask general questions in the comments. USE THIS LINK TO APPLY Cheers! [link] [comments]  | ||
| Standard Annual Budget Format for Clients? Posted: 06 Dec 2017 03:42 PM PST A client is asking for an annual budget for services in 2018. This will just be a set charge of total hours contracted times the agreed rate. Is there a standard budget format large building management companies use or do I just type "$xxx per hour x 8 hours x 300 days" or something similar? I don't charge for any additional expenses beyond what's already included in the hourly rate. [link] [comments]  | ||
| My IT company is finally profitable... but I think 'm sick of IT Posted: 06 Dec 2017 10:37 AM PST This is a weird one. I have been working in IT for about 15 years. I've been helpdesk level 1, level 2, network tech, sysadmin and worked at a MSP. A few years ago, I had some kind of breakdown. Even when I started a new job, I was finding myself sick of IT. So I started trying something else. I've worked at a company where I was some kind of handyman: we did construction, landscaping, lawn care. Worked outdoors most of the time. Loved it even if the pay wasn't that good. I needed more money so I came back in the IT industry at a MSP. Finally started my own MSP after a few months in because I hated being an employee. 2 years ago, I finally left and started working full time for my MSP.
I have good paying clients, I make money, I install and maintain reliable infrastructures. BUT...
The same pattern is happening again. I'm sick of staying inside, sitting in front of computers. I just want to be outdoors. I HATE working inside during summer. I feel looking at a computer screen is a waste of life.
My work life balance is quite good. I know when to NOT look at my phone. I exercise almost daily, have my wife and kids that I love and enjoy spending time with them, I have hobbies. I'm just... bored of computers. I don't enjoy learning new technologies anymore. TBH I don't even think I liked learning something new in IT even when I started. I liked gaming and that's about it. I prefer working alone and physical kind of work.
Am I the only one in this situation? I wished and worked so hard for my MSP to be profitable but now it is profitable, I get good MRR but I feel like I'm sick of IT. What's wrong with me?
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| Direct Thermal v Thermal Transfer for UPC label printing? Posted: 06 Dec 2017 01:12 PM PST I have a big ass industrial DataMax label printer that I've used for odd things here and there with the labels that were in it when I picked it up at an auction. I'm going to start using it for actual production, namely UPC labels, and need to actually buy stock for it. That gets me to the DT v TT debate that seems to rage on every label site. For 6-18mo lifespan UPC labels, is there a significant difference between Direct Thermal v Thermal Transfer? Thanks. [link] [comments]  | ||
| I need suggestions for highly customizable CPQ software. Posted: 06 Dec 2017 12:55 PM PST I work for a small B2B manufacturing company that makes custom packaging. Because all our products are made to order, we have to have someone quote on each product request that comes in. However, it's taking up a huge part of his day and we're think it'd be better to automate it as much as possible. We need something that can take into account not only a number of product specs, but also our materials costs and varying product margins. I've been able to find some options like Apttus, IBM CPQ, Bit2win, ConfigureOne, and PandaDoc, but I'm not yet sure which one would be best for us, and I'd like to get the opinion of people who've actually used these products or others. [link] [comments]  | ||
| Need Help With LinkedIn Ads? I'm Creating A Guide For All! Posted: 06 Dec 2017 04:03 PM PST
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| Paid Survey for Small Business Owners Posted: 06 Dec 2017 03:05 PM PST Hello, I am a researcher and I currently have a paid survey available for small-medium business owners and I thought you might be interested in participating in exchange for a $12-$22 e-gift card for Amazon or Starbucks (your choice). Small business owners are welcome and it's an easy survey with many multiple-choice answers. I will not share you share information with anyone as your privacy is important; I totally get that, so the results are blind. The link is below https://s.surveyplanet.com/H1l-P2zmWM THANK YOU SO MUCH for your help! [link] [comments]  | ||
| Chamber of Commerce Member Lists Posted: 06 Dec 2017 11:04 AM PST Is there a place where member lists for chambers can be downloaded, traded, or bought in XLS or CSV format? It seems most Chamber have these lists but only give them out to current members upon request, yet all of the entries are freely available online under their member directory in a web format. Maybe there are scripts to grab this information automatically and generate an XLS or CSV file? I have a few lists from my surrounding area that I have acquired by either being in a towns Chamber or asking a friend to get me one if they are a member. I don't want to have to join and pay member fees just for a list of which the content is already freely available to anyone. [link] [comments]  | ||
| How much should my silent partner/investor make? Posted: 06 Dec 2017 09:27 AM PST I'm looking at starting a small business and a friend has offered capital. It's small. I need $1000-$2000 for everything I need to start the business. He wants 40% of bottom line profits until the original investment is repaid, and then 20% ever afterwards for being a silent partner. He won't be contributing any work. In practice, what should a silent partner / investor actually make? What percentage of profits are they entitled to? [link] [comments]  | ||
| Help with fulfillment service (USA) Posted: 06 Dec 2017 09:00 AM PST I have a sunglasses brand and I want to sell them online and worldwide. As a startup I wont have a lot of sales at the beginning (I estimate around 20 per month) and the boxes are small. I'm looking for a serious and efficient 3PL Company that has cart integration (not essential but wanted), low monthly fees according to sales and fast shipping. I estimate 20 small box of sunglasses, so I guess that's one pallet space. Please feel free to comment and let me know your experience. [link] [comments]  | ||
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| Working as an employee of your own company Posted: 06 Dec 2017 07:55 AM PST Hello I'm in the process of starting a nurse staffing agency. I have a rate set for employees(hypothetically 25/hr). There is a fee additional to that rate that nursing homes are charged. 25+15hr (Hypothetically 40/hr total). If I were to work as an employee at my company as a nurse for my clients would it be more tax savy to increase my rate as an employee to reduce corporate profit? Ex: pay Myself 38/hr and and have the company make 2 or so dollars per hour to cover the medicare/FICA ? This also reduces corporate tax by transferring more funds to me personally *This is just beginning so I would have to work for myself with a few employees. Any tips or advice would be appreciated. Thank you! *Also example invoices for a recruitment agency would be helpful. [link] [comments]  | ||
| Need help deciding funding options Posted: 06 Dec 2017 07:53 AM PST I have, what I believe to be a really great business idea and have begun drafting a business plan. My problem is my personal credit is FAR from what lenders want in order to offer me a start up loan and I don't have friends, family, or expendable cash available to put together to get the ball rolling. So I have been looking at Fundable and their fund raising through investors in exchange for equity. I'm no business expert and was hoping for some advice/opinions on whether or not I should go the equity route. Thanks in advance! [link] [comments]  | ||
| Field Service Management Software Suggestions? Posted: 06 Dec 2017 05:40 AM PST Hello everyone of r/SmallBusiness, Looking for opinions on what you use for Field Service Management Sofware.. I'm looking at Oneserve right now and it looks quite handy and easy to use. Just looking to see if anyone has any input on these programs or any other ones you would recommend. Thanks! [link] [comments]  |
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