NooB Monday! - (March 05, 2018) Entrepreneur |
- NooB Monday! - (March 05, 2018)
- If you have started a business, what would be your biggest piece of advice or something you wish you would have known early on?
- Started a commercial cleaning business but my first bid resulted in confusion. I need help!
- Entrepreneurship and Meditation. What do you get out of it?
- Does anyone own/run a Dog supply business? Looking for a giveaway contest partner for my Instagram page dedicated to dogs.
- Someone working in the clothing industry who's willing to mentor a beginner?
- Webcomics
- How much interest for a business is enough?
- Are my Margins too Thin to be Profitable?
- I went from making .83% to 50% In 3 Years. You can too!
- Looking for entrepreneur for school project
- Need help dealing with partners
- Paypal fees for paying goods services and receiving personal payments?
- Looking for any advice on getting a business loan.
- Outsourcing dev to India, best practices
- How to get your motivation back?
- Second business going downhill
- Do I need to move to bay area?
- 23, soon-to-be college graduate, and am interested in starting an online side business writing professional documents. Don't know where to start.
- Going for a degree, but I really want to work for myself. Am I just wasting my time?
- Amazon vs affiliate marketing vs. Shopify
- Trouble with networking group
- I have a partner always asking me on how I am operating the company, even though in the beginning I mentioned to him, that I will be responsible to most of the operations.
- How do I target my marketing by zip codes?
- The more I learned - the harder it became. How to Start Over?
| NooB Monday! - (March 05, 2018) Posted: 05 Mar 2018 05:07 AM PST Please use this thread to ask any newbie questions. We do this to not overflow the subreddit with newbie questions, so please try to limit the questions to this weekly thread. Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Posted: 05 Mar 2018 07:23 AM PST |
| Started a commercial cleaning business but my first bid resulted in confusion. I need help! Posted: 05 Mar 2018 10:45 AM PST So, as the title says, I started a cleaning business which specializes in commercial cleaning, make-ready (apartments and real estate), and post-construction/renovation cleaning. My business plan, marketing materials, and website information all indicate an all-in service for going in and making the property ready to occupy (broad portfolio). This is to include things like painting, minor repairs, touch-ups, and replacing things like blinds, trim/molding, hardware, and even appliances, within my scope of ability and the local regulations. My first bid was for a real estate broker who was getting ready to put a vacant rental home on the market for the owner, who wanted to sell the property. With the understanding that they wanted to get the house listed as soon as possible, I did a walk-through with the broker and the owner, and compiled my notes into a proposal with a cover letter. During the walk-through, my understanding was that I was there to assess the property for damage, and to evaluate and estimate what it would cost to do the repairs and cleaning, within my scope of ability. I received a response today that the owner was confused by my bid, saying that he thought i would only be doing the cleaning and some touch-ups and that I had underbid the job and made myself appear too eager to be hired and, by extension, he thought the quality of my work would reflect poorly because of my low estimate and the scope of work included in the bid. I was then informed that I had overstepped in my recommendations that some of the items they had discussed (replacing carpets, buying new appliances) would not be cost or time efficient given the owner's desire to list the house as soon as possible. My bid included the cost of supplies plus labor and expenses, which I thought was well-sourced and inclusive of the mutual expectations of all the parties. I'm not sure why I would have been included in the walk-through process if my role was to "finish" the project after the other contractors' work was done. I was the only other person there aside from the broker and the owner, so why did they ask me to come if I was only expected to clean? My question is, then, should I narrow my scope of work and just stick to the cleaning and make-ready aspect of things, rather than trying to be competitive in what I can offer versus other local options, or do I refine my message so that my role is inclusive of all the things I am offering to do, as opposed to all the things I think need to be done based on my interaction with the client? Should I change my business structure to be more consultant-based, versus an overarching "cleaning and more" delivery? This is my first self-employment venture, and while I realize that I should not overextend myself by attempting to roll everything into one job, I have yet to see the company in my area that does more than one core service. I want to gain a reputation for being able to do all the things, big and small, but after reviewing my first encounter, I cannot figure out what I did wrong to lead the customer to think that I would be limited to cleaning and touch-ups. For context, I estimated a total of 35-40 hours of work to complete the project, so it's not as though I tried to convince them I would have it turned around in an unreasonable amount of time. I charge $50 an hour, so how did I underbid? What should I do going forward to ensure that my approach and message are clear from the beginning so that I am not losing work and alienating clients? Sorry for all the text. Thanks to this community for being informative and supportive to newbies like me! [link] [comments]  |
| Entrepreneurship and Meditation. What do you get out of it? Posted: 05 Mar 2018 01:29 PM PST Hey /r/Entrepreneur We all know that meditation is a topic that pops up in entrepreneurship and a lot of successful people have advocated for it, probably contributing to it's popularity. It is hard not to jump into it seeing how so many people we want to emulate do it too. Do you meditate? How do you do it? What do you get out of it? Thanks! [link] [comments]  |
| Posted: 05 Mar 2018 01:25 PM PST I have just surpassed the 1000 follower mark on my dog dedicated Instagram page and would like to host a giveaway contest to celebrate the milestone. If you sell dog related products and are interested in this opportunity I would love to connect. The page has had 15,000 + impressions in the last week and growing! If you need anymore information regarding our insights I would be happy to send them to you. Thanks! [link] [comments]  |
| Someone working in the clothing industry who's willing to mentor a beginner? Posted: 05 Mar 2018 01:16 PM PST Hi, I would like to start a clothing company, I have a solid business idea and I would appreciate some mentoring on how to start the real business. Anyone of you could help? :) Cheers ! [link] [comments]  |
| Posted: 05 Mar 2018 12:56 PM PST How hard is it to make money off of webcomics? Where do I start? Thanks in advance. [link] [comments]  |
| How much interest for a business is enough? Posted: 05 Mar 2018 12:51 PM PST After sleeping through my class one too many times, I was thinking about starting a service on my campus where kids can pay either a one-time fee or a subscription to get a wake-up: we will come and bang on their door until they wake up basically. I have slept through many important things because I was high or hungover, etc. and I would honestly love if this service existed. There are days where I set like 20 alarms and still sleep through because my subconscious somehow manages to turn them all off and fall back asleep. I sent out a survey to the student body to gauge interest in the service and got 45 responses. Here's the results of the most important question: https://i.imgur.com/DefUn2O.png I had another free response question which asked the people who are interested, how much would they be willing to pay? And I got kind of shit on by all the people who said "no" to the previous question. One said "This will never happen" and another wrote "$0, this is some upper class, wealthy stuff that very few people would actually be able to afford". I find that last response especially ridiculous considering that the general consensus among those who did answer is that they would pay $5 per use, which I think is pretty reasonable. If I had a super important event the next day and I was super sleep deprived, I would absolutely pay $5 for the service, and I am pretty close to completely broke. Sometimes you have events you just can't miss. But now I am reconsidering whether I want to go through with it: after all, only 26% of people said "Yes" that they would be interested. How can I better interpret these results? Is this worth pursuing? [link] [comments]  |
| Are my Margins too Thin to be Profitable? Posted: 05 Mar 2018 12:48 PM PST I created a store where I sell socks. I charge $6.99 per sock, and it costs me around $4-5 dollars to buy and ship each sock. With those numbers I make around $2-3 dollars per sale. Are these numbers too low? For me to pay off the shopify monthly fee alone it would take on average 12 sales. To just go even on $100 worth of advertisements I would need 50 sales. This seems unrealistic to me. Is this cutting it too close? Any thoughts or advice are greatly appreciated. [link] [comments]  |
| I went from making .83% to 50% In 3 Years. You can too! Posted: 04 Mar 2018 03:39 PM PST Long story short, I'm a professional risk taker. Not the crazy kind, but the kind of risks that have allowed me to venture into entrepreneurship. See, it's funny being on this side of the "grass" which is much, much greener by the way. You know - the side of the grass you dream about when you are working for someone else, but have this desire burning within you to take control of your life, and your income. If you are in sales, regardless of what you are selling, you should know what percentage you are earning for yourself for whatever commodity it is that you sell. I remember staring out of the Toyota dealership window, listening to my co-workers gossip about small minded topics, seemingly "okay" with making .83% profit on a $30,000 vehicle. That's right ($250) was the commission on a new car. I was spending 12 hours a day hoping to make .83%. It made me sick, but I just couldn't muster up the courage to quit. I felt the social pressure of my co-workers laughing or judging my decision. Their small-mindedness inadvertently planted small seeds of doubt within me. To keep this simple, I winded up quitting the job, and it was the most gratifying feeling in the world! I turned my back on people who I knew didn't care about me, and probably replaced me within a week. Why was I so scared to take the leap? This newfound confidence helped me take the leap two more times. One in life insurance, and once more in an awesome banking job (making 70k/year) Had I not done what my soul begged me to do, I would have found myself lost in conformity. You have got to be bold. People thought I was crazy for leaving a 70k bank job, but I was so well prepared mentally to take the risk, I had so much confidence in myself to go even further. I had done it twice already! Just 3 years later, I now own a residential painting company. We are pacing $400,000 in just our second year of business. Last month, we hit a record sales number of $38,500.00 in the shortest month of the year! My business generates a 50% profit on every single dollar consistently, and I am able to take owner distributions at my leisure, along with my own salary. I have an amazing team of employees, I create my own schedule, and finally feel the freedom of what it's like to be my own boss. It's hard taking risks. But, it's like a muscle. Once you do it, you remember it! And you build confidence that will help you take the next leap when its time. Best of luck, leapers! [link] [comments]  |
| Looking for entrepreneur for school project Posted: 05 Mar 2018 12:40 PM PST I need to ask an entrepreneur some questions for a school project, would anyone be willing to help me out? [link] [comments]  |
| Need help dealing with partners Posted: 05 Mar 2018 12:34 PM PST I am an undergrad who recently started a non profit organization with 3 other students. We recently received $1000 for our business from a contest. We plan to use $500 for donations. I have had plenty of fundraising ideas for the remaining $500. I have a rather large network on campus and would be able to generate quite a bit through my plan. 2 of my partners, however, want to focus on donations (which I think is extremely important and have stressed to them that it is), but they don't seem to realize how small $1000 is. My resolution was to have clear roles which would allow us ample time and energy to devote towards each side of the business. As well as adding a few people to the team to handle donation runs. Two of them said we all need to focus on donations right now. Again, I agreed. Am I in the wrong for my train of thought? What do y'all think? Any opinions on what is the right path? [link] [comments]  |
| Paypal fees for paying goods services and receiving personal payments? Posted: 05 Mar 2018 12:31 PM PST |
| Looking for any advice on getting a business loan. Posted: 05 Mar 2018 12:28 PM PST I was hoping to get some insight on what steps should be taken or checkpoints I should know for the Business Loan process. I have a business plan all setup and ready to go balls to the wall to get the business running. Any tips or suggestions will be greatly appreciated. [link] [comments]  |
| Outsourcing dev to India, best practices Posted: 05 Mar 2018 12:17 PM PST I run a working man's agency with about $30k/month in revenue from medium and small businesses. I'm killing myself staying up late communicating with my development team in India - they usually aren't online til about 9PM my time. They can accomplish anything I dream up, but it always takes a long time to get there. What practices can I put in place to help me get more sleep, communicate better, and spend less time on QA and UAT? I've worked with this team for about 3-4 years. They won't start on projects til we talk everything through, which again, kills me from a work perspective. Here's what I've tried:
Any feedback is greatly appreciated. [link] [comments]  |
| How to get your motivation back? Posted: 05 Mar 2018 12:11 PM PST I use to be a very motivated ambitious Entrepreneur, had multiple little online businesses set up and would be doing great. I moved back home and just have yet to get my grove back. Im young, in great health, pretty content with life, have income to get by and all. I still tend to my business / side hustles, but don't nearly put the work in like I use to. Stories and/or advise for getting the motivation back would be greatly appreciated! [link] [comments]  |
| Second business going downhill Posted: 05 Mar 2018 12:05 PM PST I began my first sales company last year, relying on another company to sell a charity to the public (I know many people think it's immoral, sadly it is how the world works). I had to close my company as I simply couldn't sell enough to cover costs. Fast forward to 6 months ago and I start another company, I have a good relationship with someone that owns a non profit. It starts going OK and seems like I can't make losses. Sadly February comes round and there's not much money flowing around. My client isn't happy with the sales (regardless if we're friends or not, business is business) and it looks like the contract will be cut in a couple months time. I'm looking at doing something else. Starting something else. My issue is that I am very young (20) and have NO specialised knowledge. I realistically have two options. Either start a basic service company (window cleaning, household cleaning). Or I go and get a job (hopefully B2B sales, products and services). Am I ready to start another company? Is the reason I'm failing so much due to my lack of experience or is it good to try out different industries and see how I fare? [link] [comments]  |
| Do I need to move to bay area? Posted: 05 Mar 2018 08:15 AM PST There's plenty of programmers in seattle, should I move to bay area to find better VCs? [link] [comments]  |
| Posted: 05 Mar 2018 11:47 AM PST As of now, I am 23 years old and will be finishing my undergraduate degrees (mathematics and economics) this May. Throughout my college career, I have used a typesetting language known as LaTeX which is used to create professional-looking documents of all types (from a simple five-paragraph essay to publication-quality math papers). I have decided that I would like to earn a little extra cash making these kinds of documents for others for their work. My problem is, I do not know where to begin when it comes to beginning a business. Fortunately, I have plenty of files of work that I have done and can put together a little "gallery" to show what I am capable of. What do you think? What should I do to get started? [link] [comments]  |
| Going for a degree, but I really want to work for myself. Am I just wasting my time? Posted: 05 Mar 2018 11:32 AM PST Little about me: Non-traditional student going for bachelors in Mech. Eng. Work a decent FT job...cant complain much, 2 kids, wife, etc. I want to work for myself. I dont thnk ill ever be financially independent making someone else rich. I feel like this degree is a waste of time. When I graduate I plan on trying to go solo. But the degree is 100% free ( combination of TA from work and G.I. Bill ). I feel like it would be absolutely foolish to throw away such an opportunity. And it would be a good backup to have in case my business goes in the tank. But i dont want to burn out before i even get started. Do i take the plunge? My credit is good so a loan wouldnt be a problem. Or just suck it up and take the free insurance? Thanks for reading all [link] [comments]  |
| Amazon vs affiliate marketing vs. Shopify Posted: 05 Mar 2018 11:29 AM PST Hello redditors! I'm 24 years old working full time looking for a way to make some side income and I'm very eager to start making some side income via e-commerce. But I was wondering out of the three options I listed in the title, which one would be most feasible for one guy looking to make some side income? I was thinking of affiliate marketing first because there isn't much capital to put in before hand but at the same time it may take a long time for me to gain a level of following to ensure that I can properly make decent income from it but then again I'm eager to do Drop Shipping however it just doesn't seem like a very solid business plan compared to a lot of other entrepreneurs looking to make money more "established" ways. Dropshipping just kind of seems like a lazy man entrepreneur scheme but it does make sense in terms of how anyone can just start doing it and become successful with it but at the same time that single appeal is why most people won't be successful with it. But I am not rich by any stretch of the imagination, still live with my parents for Christ sake and the business model seems very practical for me right now with me not having to need a lot of money up front. And then since I'm thinking about Drop Shipping I naturally thought about Amazon/Ebay FBA as well but I don't even know what I would sell on there aside from the same products I would sell on a Shopify store and the only difference that I know between Drop Shipping and Amazon will be which platform is best to start with. The well established traffic that you can reach on Amazon vs creating your own traffic to your store. But Amazon has a million other sellers so the competition might be fierce but my own shopify store will require me building my own traffic. For all of you out there who have tried some of these ways of making money what are some pros and cons of each? Which one would you prefer? And what are some other ways I can look to make money via e-commerce or online period? I do mention that I'm looking for side income but that does not mean my effort in this would be half-hearted. But before I even get started, this is a question I had in my mind that I would like to know. Thank you guys in advance. I'm pretty sure someone may have asked this already but I'm never able to find what I'm looking for when I use Reddit search engine. Thank you guys in advance. TLDR: which is a better way of making money via online out of the options I listed in the title? Amazon FBA vs Drop Shipping vs. Affiliate marketing [link] [comments]  |
| Posted: 05 Mar 2018 11:17 AM PST I have been in the same large networking group for the past 7-8 months. We meet weekly and I feel comfortable at the meeting. I however have not gotten one truly useful referral. At what point do I call it quits with this group and try to find another one? [link] [comments]  |
| Posted: 05 Mar 2018 11:05 AM PST I thought it was a good idea to tell him in the beginning, but when you speak to him he gives you ideas that is not relevant. How can I respectfully set ground rules ? that this is your job and stick to what is assigned to you. I a mthinking of setting some sort of rule list,,, [link] [comments]  |
| How do I target my marketing by zip codes? Posted: 05 Mar 2018 06:20 AM PST I am ready to launch my website where I will be delivering boxes of organic produce from local farms to houses. I want to keep my customers in the tightest range possible. I am hoping to target by specific zip codes to stay close. I am unsure what the best method is. I know Facebook and Google Ad Words can be targeted by zip codes but I am unsure how accurate that will be. I know direct mail is an option but seems expensive compared to online. What are the options for advertising by zip codes and which ones are most effective? [link] [comments]  |
| The more I learned - the harder it became. How to Start Over? Posted: 05 Mar 2018 12:15 AM PST I don't know how many of you have this problem - or if any at all. I noticed it a while ago and it drives me up the walls. I'm a young web developer, working full time in IT (web development and programming), working on my projects on the weekend. Family and friends in between. before I started higher education in IT, web was easy for me. I made a website for an actors (fan based), made small forums, and so on. I was always happy with the sites I made. Since working in IT full time and learned many things about web development I started to become more and more dissatisfied. I'm looking for a way to start over, to just start a project and not to plan something to death. Any tips appreciated! [link] [comments]  |
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