Parents are looking at retirement and want to sell their small business. What did they need to do to walk away in a good spot? Advice?? small business |
- Parents are looking at retirement and want to sell their small business. What did they need to do to walk away in a good spot? Advice??
- Baristas/Bartenders/Servers: Do you split tips with the owner?
- website ratings
- Checklist to vet business ideas
- Small retail shop owners - how to you manage your books, payroll, inventory, and taxes etc?
- Website Review
- Where to buy those mini mart racks for chips and stuff?
- Gym/Social Club
- How do you maintain enough capital to continue investing in your growing business?
- Where to find wholesale suppliers
- Anyone involved in ice vending?
- Using a paid service to help build a business credit profile.
- [Question] Putting a vending machine in a local coffee shop.
- Looking for low start-up cost weekend work business ideas
- Opening a store need some advice
- Part-time holiday time off
- Will legal implications make this impossible?
- What type of intermediary is this?
- What's the norm for lunch?
- QuickBooks self employed customer support
- Business ideas for a 19 year-old
- ISO IT Decision Makers at Small Businesses
- Anyone with experience working with open-source inventory management or ERP systems?
| Posted: 07 Feb 2018 03:02 PM PST Some back story.... Parents have run a successful, mom and pop, small cafe for nearly 25 years and now it's retirement time. Both are smart folks and have personal nest eggs etc, but the issue is the city itself isn't really economically active for new growth and what not. In fact it's really a poor place all together. What are some possible scenarios they could use to get the best value possible upon selling out? What are the best avenues to list the business for sale? [link] [comments]  |
| Baristas/Bartenders/Servers: Do you split tips with the owner? Posted: 08 Feb 2018 02:35 AM PST This doesn't really apply if you work at Starbucks or one of the big chains. Mainly talking about independently owned shops. I'm a barista at a really small coffee shop that opens up Saturday. We only have about 4 workers including me and the owner. The owner will be working more than anyone else at the store, baking and managing. Is it normal or standard (or legal) for the business owner to take a share of tips? [link] [comments]  |
| Posted: 08 Feb 2018 03:41 AM PST please guys l need your rating or opinion about my website.. if there is anything to remove or put i need suggestions..thanks www.bbabyb.com [link] [comments]  |
| Checklist to vet business ideas Posted: 08 Feb 2018 04:28 AM PST Hi all. I posted this request to a similar sub, but didn't get much of a response. Will you recommend some books that will help me create a checklist to vet business ideas? I solve problems best by creating a checklist of criteria and then vetting possible solutions against the checklist I've created. I do this for most significant problems in most areas of my life. It's kind of sad, but it works for me. I'd like to start a business, so naturally I'm going to put together a checklist. I never work from pre-made checklists. Half the value in checklists comes from distilling books and articles into a checklist myself. So what books would you recommend for that purpose? What books or articles contain ideas, factors, and considerations for the idea-vetting stage? My plan is to take a dozen ideas that (I suspect) pass the laugh test and use the checklist to think through those ideas systematically. If it turns out that any of the ideas withstand scrutiny, the checklist would then help me zero-in on the one that's the best opportunity for me to pursue at this time. Equally important to your recommendation itself, please let me know why specifically you think the book will help me vet ideas. Thanks so much. [link] [comments]  |
| Small retail shop owners - how to you manage your books, payroll, inventory, and taxes etc? Posted: 07 Feb 2018 06:14 AM PST So I'm getting ready to open up a small coffee shop(at first I'll be the only employee). My weakness is admin stuff... bills, taxes, payroll, etc. How do you manage all of this? What softwares do you use? etc Thanks! [link] [comments]  |
| Posted: 07 Feb 2018 08:55 PM PST Hello everyone! My name is Logoapp and I am the creator of Logo Games! I have owned Logo Games for just over 2 years, and now I have decided that I want to take it more seriously. I haven't really exposed it to the public, in fact I have only spent $14 in advertising! I have also noticed that many people do not stay that long on my site. I have already gone over a major revamp, but I can easily do another one. I would greatly apriciate it if you would take some time and take a look at my site and tell me what you like/dislike about it. I will then look at what you guys say, and hopefully improve my layout! Please do not say simple comments like "I don't like the colour scheme", please go into detail as to why you do not like something. (Don't worry, I do not have feelings!) Here it is: http://logo-games.com/ [link] [comments]  |
| Where to buy those mini mart racks for chips and stuff? Posted: 07 Feb 2018 02:13 PM PST Hi, I'm planning on opening up a mini-mart type shop and I was wondering what those mini mart item display racks for items are called. You see them all the time at the 7-11's and etc but for the life of me the ones that always come up in search just look off or belong in a Sears or something. Thanks [link] [comments]  |
| Posted: 07 Feb 2018 08:50 PM PST I've been in business for 13 years and am comfortable where we are with the gym side of things. A client made a comment a couple of weeks ago that they stick around because it's a great social club. That got me thinking, as we are in the middle of converting a 6000 sqft building into our new facility, what could I do to grow this social club feeling. Does any one have experience with social clubs, such as things you'd see at Squash Clubs, Golf clubs, etc? What are some hurdles? Do you have a bartender on all the time? A big shot in the dark but I'm curious. I've asked some local contacts about their experience with it, but it doesn't go past them attending them themselves. [link] [comments]  |
| How do you maintain enough capital to continue investing in your growing business? Posted: 07 Feb 2018 04:59 PM PST Hey r/smallbusiness! I know you've all been there....you started a company and things are going well, but your'e struggling to find the capital to keep your business growing. I'm talking: continuing education, equipment needs, advertising opportunities passing you by because you just don't have the money on hand to invest. For the stated record: I am able to pay all operating costs at this time. I hold a small debt of less than $5k which I am steadily paying off. I am also a loan-o-phobe, so not really looking to borrow money unless absolutely necessary. My risk for injury is kind of high (hint: I'm a horse trainer) and having a looming debt on top of being laid up/medical bills is mildly terrifying. I am meeting with a CPA soon to make sure I am not overpaying/underpaying/totally jacking up my taxes. Looking for side job ideas that won't inhibit the ability of my business to grow (I am the only employee), and pretty much anything else I may be overlooking. Thanks guys! [link] [comments]  |
| Where to find wholesale suppliers Posted: 07 Feb 2018 05:59 PM PST I recently took over a small convenience store and realized that they are overpaying for a lot of stuff. Is there some kind of website similar to alibaba where you can find a lot of wholesale suppliers in the US. I'm also looking to sell fresh produce. How would I go about finding the best supplier for that? Thank you. Any help and advice is greatly appreciated. [link] [comments]  |
| Anyone involved in ice vending? Posted: 07 Feb 2018 05:31 PM PST As the title states, I'm looking for someone that may be in the ice vending business that would be willing to answer some questions. I've been researching this business for a long time and am really wanting to make a move. [link] [comments]  |
| Using a paid service to help build a business credit profile. Posted: 07 Feb 2018 10:51 AM PST I have just started a new services based company. I have read a lot regarding trying to establish your business credit profile early and without a personal guarantee. Has anyone used one of these services? If so what were your experiences with them? I am sure that I will have to sign a PG for certain things that I will really need to use but ultimately I want the company to stand on it's own credit wise. Is setting up a secure line of credit with a bank a good idea to help start this process also? The sites I am seeing regarding building business credit accounts don't actually say who these accounts would be with. I don't want to pay just to find out I will never use any of these vendors. [link] [comments]  |
| [Question] Putting a vending machine in a local coffee shop. Posted: 07 Feb 2018 04:41 PM PST Hello, I'm not sure this is the right place for this but I'll try anyway. I recently bought a used sticker/tattoo vending machine and refurbished it. I then had my personal sticker designs printed and filled the machine for an exhibition of my art. The machine has 3 sticker designs each one currently costs the customer 50 cents. The stickers cost 13 cents to print, plus 5 cents for each small folder that holds the sticker (so it doesn't bend upon exiting machine) and the vending machine cost $150 after the refurbishment. So it was just taking up space after the exhibition and I approached a local coffee shop about keeping it in the building. They loved the idea and gave me a contract they have anyone who sells products through them sign. The contract gives a 40/60 split with me getting the 60 percent. So does this seem reasonable? Would it be better to negotiate a set monthly fee for the space over a percentage based one? Any advice is appreciated. [link] [comments]  |
| Looking for low start-up cost weekend work business ideas Posted: 07 Feb 2018 04:35 PM PST I'm currently in the Army. For the most part I have every weekend off, and four day weekends for most federal holidays. I'm looking to start something I can do on the weekend, or after I'm off work in the evening. Some ideas I've already looked at ; auto detailing, handyman, and upcycling furniture. I have a two car garage that I use for my shop, and plenty of tools. I pretty good at carpentry and I'm mechanically inclined. Physical labor is no problem either. The one job I don't want to do is lawn mowing. I hate mowing my own lawn. I'm currently kicking around getting a pressure washer and putting out an ad. Any other ideas would be greatly appreciated. [link] [comments]  |
| Opening a store need some advice Posted: 07 Feb 2018 02:58 PM PST So I'm looking to open a store that is similar to a pawn shop in the sense that people bring in items, we pay them direct cash or store credit, and then we resell the item for a increased price. Now I don't want to run a store where people are correlating extremely high prices with us. I want items to be priced fairly to attract customers. Now here's the thing... is there a certain percentage that you should mark up items from the price of purchase? And I still want to of course keep in mind profit for the store to continue to expand [link] [comments]  |
| Posted: 07 Feb 2018 06:03 AM PST I recently started a business and I currently have one part-time employee. Our current policy is paid holidays are for full-time employees. I am in the process of hiring a new employee who wants to work part-time, 30 hours a week. They asked about our holiday pay, which I said is for full-time employees. They asked if it could be prorated based on the number of hours worked. I don't mind trying to find a way to do this. Which would be easy to figure out since they work 30 hours a week. The problem I am having is the current part-time employee has fluctuating hours each week. In fact, sometimes will not work for a month, depending on the workload. I am trying to be fair but it isn't as easy at prorating based on the hours worked. Since I have no idea how many hours this employee will work. Any suggestions or ideas will be greatly appreciated. [link] [comments]  |
| Will legal implications make this impossible? Posted: 07 Feb 2018 01:52 PM PST I am trying to start a business connecting students and businesses around financial terms. What are the steps to become legal as that type of intermediary and how do I make contracts legal and valid between these two parties? [link] [comments]  |
| What type of intermediary is this? Posted: 07 Feb 2018 01:38 PM PST I am looking to start an online service connecting students and businesses and am curious as to what type of intermediary that is or what the title would be. Also, how would I write and make valid a contract linking these two parties? [link] [comments]  |
| Posted: 07 Feb 2018 06:59 AM PST Update: There is no requirement for breaks for employees over the age of 18 in the state of Florida, thus the federal rule applies. If the company chooses to allow short breaks (typically less than 20 minutes) then they must be paid. Lunch / meal breaks do not need to be paid by law as long as the employee is free to do as they wish during that time. So I understand what the law says now, and am still interested in what you all do in your companies. Thanks! Hi r/smallbusiness, small business owner here. Curious to find out what other small business owners' policies are with lunch and lunch breaks. In my business, employees are permitted to take time to eat their lunch and take a break whenever they like, and it's not necessary for them to clock out while doing so. The original intention was to have an option of continuing to work while eating, so that employees only had to be at the office for 8 hours per day instead of 8 hours and 30 minutes with a 30 minute off-the-clock break for lunch. However, over time it has gradually turned into working 7 hours and 30 minutes, taking a 30 minute break for lunch (watching YouTube, checking FB, etc.), and being paid for 8 hours, and I've noticed this is costing my business over $5,000 per year plus lost productivity. So I'm wondering - what do other businesses do? Do employees need to be at work for 8 hours and 30 minutes per day, with a 30 minute break for lunch? Does everyone take lunch at the same time, or can employees choose when they want to take their lunch? I bet this is different based on the type of business, but I definitely want to find the best option for us. [link] [comments]  |
| QuickBooks self employed customer support Posted: 07 Feb 2018 12:45 PM PST My client cannot login under her email and the customer support for QB self employed doesn't have a live phone line and they are terrible trying to troubleshoot via email. Any advice on what to do to get client access to their subscription? [link] [comments]  |
| Business ideas for a 19 year-old Posted: 07 Feb 2018 12:22 PM PST What are some ideas for a business that I can start and run by myself as a nineteen year-old? I have a little over $3,000 to my name. [link] [comments]  |
| ISO IT Decision Makers at Small Businesses Posted: 07 Feb 2018 12:21 PM PST We're a digital advertising agency looking to conduct phone interviews with ITDMs (CTOs, CEOs, IT Professionals, COO, etc.) at small business in the US. These 20-30 min phone interviews will be spent talking about the software being used in your company, deployment pain points and general Q's around IT. All participants will receive a $50 Amazon gift card. To be considered, please send an email to blair.dunwoody@gmail.com with the following information: - Company Name and Size - What computer software being used at your company (ex. G Suite, Office 365, Mac, Windows, etc.) - 2-4 dates and times you are available to speak on the phone for the ~20 min interview in the next 2 weeks [link] [comments]  |
| Anyone with experience working with open-source inventory management or ERP systems? Posted: 07 Feb 2018 07:49 AM PST Hi! I'm sick of random excel sheets cobbled together with quickbooks. I don't remotely need to spend thousands a month on what I'm doing. I know what data I need and how we enter it and access it, I need someone to talk to/pay to help adapt an open-source platform to my weird specific needs. If you or anyone you know has experience, please let me know! [link] [comments]  |
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