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    Rules for life & business - Be nice, you never know who you'll meet small business

    Rules for life & business - Be nice, you never know who you'll meet small business


    Rules for life & business - Be nice, you never know who you'll meet

    Posted: 04 May 2018 04:35 AM PDT

    It's Friday and almost the weekend, so an easy read today. It's the little things in life that count like manners. For more see: https://realtimecrm.co.uk/posts/rules-for-life--business---be-nice-you-never-know-who-youll-meet/

    Long before I started RealtimeCRM I was about to step inside a huge corporate building to make a sales pitch. It was to a prospective client who was big, this account if I'd get it would change things.

    So I stepped into the building and headed over to the reception and let them know what I was there for. They ushered me over to the waiting area where there were a few people sitting including one conspicuous person separate from the others.

    He was a dishevelled looking man, his clothes were dirty, tardy and torn and he was sitting legs splayed across the chair, snorting his nose and generally being the opposite of a well mannered individual.

    I took no mind of this and sat opposite him and smiled. After I had taken my seat I went through in my head the pitch I had prepared that I was going to perform but I was interrupted by the man opposite me.

    "What'chu here for then?" he interjected.

    I replied that I was here for a sales pitch for my company and as I was explaining what my company was he interrupted again.

    "I'm a cleaner! 'ere for a cleaning job" he proclaimed so that everyone could hear. "What'dyu think I should say?"

    I replied he should just be himself, show that he's a hard worker, honest and that he could be the best cleaner they could possibly hire. Talk about the other cleaning jobs he's had.

    We continued with our conversation with him asking me more about what I do. Trying to simplify what we did, I explained that I looked after computers and fixed them when they went wrong. He told me that he did not understand computers but had played some games on one a long time ago.

    Then the person I was waiting for came down the stairs in a smart suit and asked for me. I got up and shook his hand and we started to walk down the corridor to his office. While walking he smiled at me and said "I see you've met our owner. He is not around much these days".

    I looked around confused as I didn't think I had but the smartly dressed man smiled and pointed back to the dishevelled man, that's our owner.

    The next morning I received a phone call with the good news that I had won the contract. To this day, I still do not know if I won the contract because of my skills or my brief conversation with the so called cleaner!

    submitted by /u/Mattrt123
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    What inventory software do you use and why?

    Posted: 04 May 2018 05:36 PM PDT

    Hi there! I'm looking around for options for inventory tracking. I want to be able to price out individual components that make up a particular item and as I make them I would adjust the taken inventory and create a new priced out item from those components.

    Is there a limit to this functionality? What software do you use and why?

    If they have integrated accounting software as well I would be very interested. I hear right now ZOHO seems to be popular and Quickbooks surprisingly comes in last in a lot of cases...but they seem to have the easiest integration.

    submitted by /u/VentureBull
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    Add a DBA or apply for a different business license?

    Posted: 04 May 2018 05:09 PM PDT

    I currently have a small ecommerce that is licensed as a sole proprietor. After some hiccups when first starting - almost a year ago - it seems to be doing fairly well and is automated for the most part. I only spend maybe 8-10 hours per week making sure things are still running smoothly and answering emails.

    I have an idea for a different business that I want to start working on that would also be ecommerce but the two don't relate at all.

    I'm looking for advice as to whether I should use a DBA for the second business and have the first business act like a parent company or if I should get a different business license altogether? Any words of wisdom would be greatly appreciated!

    submitted by /u/thejosephmichael_
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    How did you decide the business was right for you?

    Posted: 04 May 2018 05:35 PM PDT

    I'm new-ish to Reddit (mainly a lurker, occasional comment, and this is my first post). I'll try to keep this short, but I'm looking for advice from those who purchased an existing business. My husband is a pharmacist and is interested in purchasing a small independent pharmacy in a small town. We've been working with a wholesaler on the evaluation of the business and acquiring an SBA loan. We've looked at several different pharmacies and found one that is very promising - ideal location, successful, and with lots of room for growth. My main question is what tells you the business is right? I'm trying to make sure we do our due diligence but always have this feeling that we're missing something. Maybe it's just because it's so close to being real that it's natural to have worries?

    Any advice or words of encouragement are much appreciated!

    submitted by /u/Bearsonboats
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    talented employee with bad attitude

    Posted: 04 May 2018 06:13 AM PDT

    For months I was struggling to look for a skilled worker. was finally able to get 1 last month. But the guy I got has attitude problem. namely cussing his workmates. and habitual lying.

    Caught him one time telling the customer that what the customer wanted was not possible. Customer almost left the shop till I told him that It could be done. finished the work in like 3 hours. He is paid by the hour whether he does work or not so turning down customers would be the easy way to go.

    When I saw this I immediately knew I need for someone else. currently there is only 1 more skilled employee and he is filled to the brim without the other one. So I am kind of split and need suggestion whether I should fire him immediately or wait for a replacement before firing him.

    submitted by /u/catterpie90
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    Canton Fair, Spring 2018

    Posted: 04 May 2018 05:54 PM PDT

    Anyone attend this year? I only came here for Phase 3.

    If any yes or people that design their own products, how do you try to work with manufacturers to not ripoff your idea instantly?

    I go for my instinct and judge the character of the representative at the booth, and create the pace of the conversation and amount of info I give out.

    In most cases, they don't really know what they're being asked to be made, but having other peoples examples to give an idea of the new product design can help create the "yes we can" or "no we can't" make it.

    And to cut off any more uncomfortable questions which sound like they want to figure it out, casually say, "it's already patented." Even if it's not.

    submitted by /u/imcleverartistname
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    Should I shut down my LLC?

    Posted: 04 May 2018 06:57 AM PDT

    Looking for some practical advice -

    I opened an LLC in North Carolina in 2014. By the advice of my accountant at the time, it was taxed as an S-Corp. I sold custom printed goods online.

    In 2016, I closed that website and started selling random items on eBay. In 2017 I still sold parts on eBay (selling about 2-4K a year) but also moved to California.

    I have filed my taxes each year and have organized records in QuickBooks.

    What I am trying to understand is as follows:

    Now that I am in CA, should I close that NC LLC and open a CA one? Or should I simply convert the NC to an LLC taxation instead of a S-Corp (file a revocation with the IRS) for a more streamlined tax filing?

    Should I look at maybe, instead opening a cheaper cost LLC in a different state like Wyoming?

    Extra wrinkle:

    My wife and I are planning on buying one or two rental properties this year. Will that impact the LLC question above?

    Cheers, Nate

    submitted by /u/nateb1988
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    Help with inventory to sales orders

    Posted: 04 May 2018 01:15 PM PDT

    So I just got back from my first semester of college and I'm working for a carpeting business. Right now their system is that they will have their sales people in the show room put in the stuff that they need from the warehouse for the job, and will walk it back to the warehouse guys who will check if it is in stock or if they need to order it. Is there anything that can make this process much faster, so the sales people can put it into the computer so we can cut out bringing it back to the warehouse people?

    Thanks guys

    submitted by /u/Camkert23
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    Starting a online business in Ontario. I have questions :)

    Posted: 04 May 2018 09:20 AM PDT

    Hi there! I'm starting an online business in Ontario and am looking for clarification on the requirements (because taxes aren't fun and fines aren't much more fun).

    Some information about my business:

    • It will be mainly online- however, I may attend conventions and sell my goods in-person on occasion.
    • These are small, handmade items much like the stuff you would find on Etsy (but I'm using Shopify)

    Questions:

    • Do I just need to register my business name?
    • What is the best method for preparing for tax time?

    I hear we end up owing around 30% (ouch??) but we can't recupporate those costs by charging tax until the business exceeds 30k within a year?

    • What software would you recommend for keeping track of inventory? Is there a software where I can price out each individual component that makes up an item? This would be great for tracking not only inventory costs but for reporting my expenses at tax time.

    If there is anything else I'm forgetting please let me know. I am excited to start selling :)

    submitted by /u/VentureBull
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    Rules for Putting Client Logos on Website?

    Posted: 04 May 2018 12:21 PM PDT

    I'm sure we've all seen websites where the company lists their customers, often in the form of throwing up the logo of a customer.

    I've gotten to the point in my business where I have enough former clients to put a decent spread of customer logos. But this leads me to two questions:

    1) How much permission is required? Not necessarily legally required, just required as a matter of good business. I don't want to go upsetting anyone if I say they're a former client, but I don't know if I actually will or not.

    2) I generally work through middlemen. So my client is some company you've never heard of, and their client is Shell, or Toyota, or whoever. Great brand recognition names, though. Can I put those big-name brands up?

    submitted by /u/Apptubrutae
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    I have 40 callers ahead of me for DIR (california labor board) - is there a minimum number of hours to pay an employee for a shift?

    Posted: 04 May 2018 11:05 AM PDT

    Aside from reporting pay (half of their shift) if we schedule them for an hour of work for example, do we have to pay them a minimum of two hours? Or does no such law exist.

    And is there any city difference for San Francisco, Burlingame, or Santa Monica?

    submitted by /u/ohnoimrunningoutofsp
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    Software Management Solution - We need help making some decisions.

    Posted: 04 May 2018 10:26 AM PDT

    I work for a company that is in a bit of a transitionary phase. We started as a construction company, but now most of our business is the design, manufacture, and installation of custom aluminum products. Our QuickBooks is a mess due to our former Office Manager being a disorganized shyster. We're going to hit the reset button on a lot of stuff and need to make some decisions about how we'll go about doing that.

    The whole point of all of this is to develop a method of putting together accurate time and cost estimates that will provide reliable schedules and budgets for everything we do. The develop a way to ensure those budgets and schedules are followed by managers and employees.

    The guy that runs the fabrication shop and does our designs, let's call him Dave, thinks that an all-in-one software solution that handles our finance, customers, project management, etc. will simplify everything we do. I'm not entirely convinced. Being locked in to an ecosystem like that vs using a set of apps and services that we can integrate with services like Zapier to work together, doesn't seem like such an obvious choice to me. Dave wants things to be as simple as possible, he just wants to design and build cool stuff and have it go smoothly, all this management stuff isn't his cup of tea, so I need to figure out a solution that is easy and smooth for him and is also good for the business. Dave's also a co-founder of the company and is crucial to our operation, so finding something that makes him happy is a priority.

    Here is what we currently use:

    • QuickBooks Online with Payroll Service to manage our finances, inventory, budgets, invoicing, payroll, etc. - $75/mo.
    • TSheets to manage employee scheduling and clocking in, integrates with QuickBooks so employees can clock in to specific jobs and select the products they work on, providing a lot of features for job costing and labor reports. - $125/mo.
    • We currently use the Google G-Suite to host our domain, company emails, shared drive, calendar, etc. We use the Google Calendar for Forecasting upcoming jobs, and the Foremen and Supervisors use that to Schedule employees via TSheets.- $70/mo.

    Total Cost/Month: $270

    Options

    • Continue using QuickBooks online, but export all our records and rebuild everything from scratch.
    • Switch to QuickBooks Enterprise, also exporting our current records and re-building everything from scratch.
    • Switch to an all in one management solution like Sage, Zoho, Builder Trend, or Pro-Core

    Here are our main priorities

    1. Cost. Not only the price of the software, but how much it can save us. Something that also need to be factored in is the amount of time it takes to train to everyone to use it.
    2. Project Management. We need to get our house in order when it comes to forecasting and scheduling jobs, TSheets and the Google Calendar being separate is a drawback of our current system.
    3. Financial Management. Payroll, Budgeting, Invoicing, etc.
    4. Clocking in. We need something where employees can clock into specific jobs so when we're doing job costing we can see how much it costs in labor for the design, fabrication, powder-coating, installation of all our various products.
    5. Inventory Management

    I like the freedom that app integration provides. Currently we use QuickBooks integrated with TSheets to keep track of employee time. If it ends up that a competitor emerges that also integrates with QuickBooks and provides more services or features (which, I don't think is going to happen, TSheets has been fantastic for us so far, but for the sake of example) then we can switch to that other service easier if we were dependent on a closed ecosystem of services. A lot of all-in-one solutions aim to do a lot of thing that Google Suite does, like enabling collaboration on plans and stuff. But I think that the Google ecosystem is intuitive, easy to learn, and seamlessly integrates with people's phones and computers.

    Right now, I'm leaning towards QuickBooks Enterprise, integrated with TSheets and the Google Suite, But I'm open to suggestions and ideas.

    submitted by /u/NW420
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    Tax credits / subsidies for pollution reduction business

    Posted: 04 May 2018 07:40 AM PDT

    I'm starting a business which will help reduce pollution of plastic bottles. Does anyone know of any tax credits / subsidies /grants that might be applicable. Thanks.

    submitted by /u/wurrboutit
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    Where do you find info on themes/products that are "in"?

    Posted: 04 May 2018 06:57 AM PDT

    So I make photo drink coasters. Car Ads, vintage kitchen stuff all sells well as does seasonal images. I mix in a few different types but where do i find current trends? I have 2 types of customers.

    People who want coasters for their kitchen/living room/Man Cave- They want sets of 4.

    People who want coasters for their desks/cubicles- They want Individual ones.

    I sell my coasters for $5 each of 4 for $15.

    submitted by /u/BubblegumDaisies
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    Line of Credit or Loan?

    Posted: 04 May 2018 06:26 AM PDT

    I run a service-based business (marketing agency) and I'm looking for a way to smooth out cash flow by augmenting it with a revolving line of credit or a loan of $100-150k. Is there any advantage to either one?

    submitted by /u/AnthemWild
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    How to fight credit card fees

    Posted: 04 May 2018 08:18 AM PDT

    I am currently seeking to implement additional payment systems that both target what seems to be a sticky, highly-motivated community and also allows me to cut back on credit card fees. I was pointed to this post by a younger customer and have been trying to understand some of the ins and outs.

    Does anyone have any advice on decreasing merchant fees or any specific experiences with a Bitcoin/Ethereum implementation like Request Network?

    Thank you for any help!

    Edit: formatting/grammar

    submitted by /u/AnansiB
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