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    Thursday, May 3, 2018

    Thank you Thursday! - (May 03, 2018) Entrepreneur

    Thank you Thursday! - (May 03, 2018) Entrepreneur


    Thank you Thursday! - (May 03, 2018)

    Posted: 03 May 2018 06:06 AM PDT

    Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks

    and the best deals you know of. Please consolidate such offers here!

    Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    If you have a presentation coming up, this should help you out on the design-side.

    Posted: 03 May 2018 06:49 AM PDT

    Hey Reddit, after months of design and development, I've just helped launch (what we hope is!) the world's best library of free presentation templates. There are hundreds of templates, it's frequently updated, and will always be free. As a design company, we want to showcase our work while providing loads of value! Never give a boring presentation again!

    submitted by /u/Jono46k
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    I made a site to supply makers with country specific startup ideas from actual people who need them. It's still pretty basic so I'd love to get more feedback to determine how I should continue building it.

    Posted: 03 May 2018 04:11 AM PDT

    🔗Website link: mightymaka

    Hey Reddit! 👋

    A few months back, I came across this mobile app which hooks up to your bank account and helps you save your pocket change every week. Eventually, it compounds into something substantial. I was quite excited by the prospect of this only to find out that it wasn't available in my hometown Singapore. There's a bunch of other things I'd want built here and I can't do it myself since there's only one of me, I may not be passionate about it and I'm already preoccupied with other priorities.

    This spurred me on to build an exchange or marketplace where people can suggest ideas they want build in a certain place. It's 2 sided, so makers or entrepreneurs would be able to join and find validated ideas that people want in their country. This idea developed further as makers can also use this platform to validate their ideas by gauging interaction. Makers can also find answers to important questions like how much a customer is willing to pay for the product.

    Eventually, I want to be able to connect makers by allowing them to indicate interest in an idea and collaborating on building it but as of now, I'm almost 2 months into development and am being really wary not to get caught in the 'perfectionist' trap so here it is! While building it, I've started to discover multiple avenues this could go, so I think this is the perfect point to launch the product and see where potential users would take it :)

    Current mightymaka features:

    🤔 Find ideas

    As a maker or entrepreneur, find ideas to work on! Ideas are supplied by actual people who actually want their ideas built.

    💡 Suggest ideas

    Request for products to be built around your idea. Plant the seeds to improve the entrepreneurship ecosystem in your country!

    🏷️ Filters

    Filter ideas by time, upvotes, price or countries. 👤 Profile Get your own profile so you remember which ideas you liked or check what others are upvoting and suggesting.

    🏅 Braggin' rights

    Earn emoji badges on your profile and rock it next to your username (coming soon!) for being an awesome user. Current badges include:

    - Credible badge if you linked 3 or more social accounts to your profile - OG badge if you joined mightymake this month

    - Liker badge if you upvoted more than 20 posts - Lover badge if you upvoted more than 50 posts

    - Thinker badge if you suggested more than 5 ideas

    💬 Comments

    Discuss the idea and tell us how much you'd pay for it. Makers can use the level of interaction and likes to gauge if it's an idea they should bring to fruition

    👪 Membership benefits

    - mightymaka is a bootstrapped product and will be finding ways to monetize in the future. To ensure your membership is free, sign up now to lock it in

    - Privileged maker information. Currently members can see the price users are willing to pay and we'll be adding more important information in the future.

    - OG emoji badge. We don't forget the people who's been here from the start. You guys are the real OGs

    - Reserve the username you always wanted

    ----

    🗺 Some planned features include:

    - Allow multiple makers to indicate they're keen on working on an idea

    - Allow makers interested in the same idea to work together

    - Allow idea suggesters to indicate they're willing to work on the idea too To see our full roadmap, you may check out our trello board https://trello.com/b/Lkfvgz54/mi...

    Hope this product helps foster entrepreneurship and connecting indie makers. I'd be more than happy to answer any questions about it!

    submitted by /u/briantoh
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    $60k/month selling furnace filters.

    Posted: 03 May 2018 06:45 AM PDT

    Hey, it's Pat from Starter Story with another great interview.

    TLDR:

    • I interviewed Jay Vasantharajah who runs PureFilters
    • He started the website after doing basic keyword research
    • He didn't take the business seriously until he got first order
    • Jay & Nadir don't spend any more than 10-12 hours per week on the biz.

    Hello! Who are you and what are you working on?

    My name is Jay Vasantharajah and I am the co-founder of PureFilters.

    PureFilters is an online supplier of furnace filters in Canada, we carry a wide selection of the best brands and ship directly to homeowners. We cut out big-box retailers and HVAC contractors in order to provide homeowners with the best prices possible and unmatched convenience.

    Through rigorous process building, investments in automation and utilization of outsourcing, my co-founder and I are able to manage this $60k/mo business with less than 10-12 hours spent per week collectively.

    We are most proud about our obsession in building systems to maximize customer experience and as a result we have built quite the fan base among homeowners in Canada.

    What's your backstory and how did you come up with the idea?

    Honestly… I accidentally got into the business.

    I run a digital marketing agency and at the time we had a lot of HVAC Contractors as clients. One of my clients was explaining to me how he sells furnace filters to customers that he visits, and wondered if he could sell them online instead. I researched this for him and concluded that there were a ton of Google searches for furnace filters. I pitched him on creating a new campaign to sell these filters online. He decided not to do it.

    Once an idea comes into my head, I don't rest until its given a fair shot, that's just how I am. Even though my client said "no", I still wanted to do it because I was curious. I saw it as an opportunity to get a better understanding of the e-commerce landscape and the marketing challenges involved.

    So when I had some downtime on the weekend, I built a WooCommerce website. I didn't do it with any sort of serious business/financial intent, I was busy working on ClientFlo, my digital marketing agency. I became super busy at my agency, and the fun project took a little bit of a back seat for a while.

    That is until I got an email notification that I made a sale. I thought I was seeing things. I thought to myself - did someone just give me money for a furnace filter? This isn't even a real business. I thought it had to be fake or a scam, so I just left it. The next day I got notification that I made another sale. I googled the order addresses and they were real, I couldn't believe it.

    At this point, I was scrambling, my fun side project now had liabilities. I had no idea how to fulfill these orders, and my ego wasn't about to declare defeat and give these customers a refund. I ended up buying the filters at retail at a specialty store near my place and shipping out to my new accidental customers at a loss. I was just so excited I didn't care, I wanted to keep my new customers happy.

    Describe the process of manufacturing your product and getting inventory for your store.

    In order to buy furnace filters, most manufacturers require that someone in your company has a gas fitters license, something I did not have. I remember I had a friend from high school who was an HVAC contractor. I reached out to him and made a deal with him. I hired him as a consultant, which meant we were able to use his license to try to open up accounts with manufacturers.

    Even with the license I got denied from just about every single manufacturer (due to lack of business history in HVAC) except one account. This manufacturer happened to be one of the most recognized HVAC brands (something I didn't even know at the time). This stroke of luck seriously helped PureFilters grow and scale.

    Describe the process of launching the online store/business.

    It's funny because my website was created and I had already made my first few sales before I really even considering PureFilters an actual business.

    This is where my co-founder Nadir Chaudhry comes in, who I always knew had an entrepreneurial desire, and had recently quit his full-time job. Since I was busy running ClientFlo and didn't have much time to invest, I made a deal with Nadir. I asked him to become the managing partner, in charge of day-to-day operations/growth, and I would become the financial partner and put up all of the cash required.

    Once Nadir agreed, this is when the business really took off. He went through product catalogues, added more filter models and brands. He built out our customer support systems and fulfillment processes. Nadir reached out to different suppliers and manufacturers, negotiated costs down so we can deliver the best prices to our customers. He managed the massive amount of inventory that was delivered first to his condo (which we quickly outgrew), then to his mom's suburban house (again, we outgrew) and then eventually to our warehouse. Within 6 months we started seeing a ton of new customers coming in regularly.

    Since launch, what has worked to attract new customers?

    I run a digital marketing agency, so I'm fairly well versed with things like Adwords, SEO, copywriting and conversion tracking/optimization. I have to admit this helped a lot in scaling our business and acquiring new customers.

    My original market research which led to my conviction to sell furnace filters online was based on Google search volume data (if you recall my conversation with the HVAC contractor). Because of this, I decided to swing for the fences on Google Adwords and this proved to be a successful move. We currently have a cost-per-acquisition of around $10 per customer on Adwords, and till this day it is the only money we have ever spent on marketing. It's really hard to justify spending money (and more importantly, time) on other marketing channels right now with this level of cost per acquisition.

    I think the key to success on Adwords is testing, you really cannot skip this crucial step. A/B testing fills in the gaps about human psychology we cannot comprehend ourselves, so follow the data. Through testing we figured out that the majority of our conversions come through desktop, free shipping in the ad copy improved conversions and many other elements of our campaign.

    It takes time to get to what I consider the "optimal point", where your Adwords campaign requires a few minutes each week to maintain. We know exact which keywords to use, ad copies, negative keywords (very important), ad schedule and all the other settings involved in order to maximize ROI on ad spend.

    PureFilters will always focus on data-driven marketing. I have always been a numbers guy, so any marketing channel with trackable metrics and direct ROI really appeals to me. Gone are the days of "guessing", with the tools and data out there that is available to marketers, you can really hone in on your exact audience and adjust rapidly in accordance with feedback. A key tool to have in your pocket book is the Google Keyword Planner, I mean the data that this tool provided is essentially why I started PureFilters. Keyword data allows you to get into people's head if you use it correctly, it show's people's intent and you can make some pretty powerful decision based on it.

    My general marketing advice for e-commerce entrepreneurs is, use feedback from your initial customers (or some other form of research) to figure out your customers buying behaviour/psychology. After you find that you, tailor your entire marketing approach to match it. In order to truly scale, you need to learn exactly how your customers buy.

    How is everything going nowadays, and what are your plans for the future?

    My co-founder and I don't spend any more than 10-12 hours per week on PureFilters.

    Operations are quite automated and now running like a well-oiled machine. I work on my main business ClientFlo for most of my day. Even though I was originally just a financial partner, the business is truly addicting, I can't stay away from it. Our customers love us, our suppliers love us, it's hard not to want to work on it, so I spend time strategizing how to improve and grow.

    In terms of short term goals, we have a few ideas in the pipeline to really scale our business further, right now we sell mostly niche sizes of furnace filters. We want to eventually tap into the general market (which are the one inch filters), but are still strategizing on a cost effective way of doing this since the margins are much thinner.

    In terms of long term goals, we had acquisition offers from competitors, and also an offer from one of our suppliers to buy him out because he wants to retire. We thought about raising capital to grow/scale further. I think a capital transaction is probably eminent, but who knows? Just rolling with the punches and having fun.

    Through starting the business, have you learned anything particularly helpful or advantageous?

    One of the biggest mistakes we have made was purchasing too much inventory.

    We got very excited at the discounts offered by our manufacturers for bulk purchases, and overextended ourselves a couple times. This can really screw up your finances (I am an ex-accountant, I should have known this). This resulted in me having to pour more cash into the business. Proper reporting and forecasting prevented us from making this mistake again, we want to run a lean/automated operation.

    I think one of the smartest decisions we made was to truly become a customer-focused company, it is stitched into our DNA.

    Every single decision we make, we ask ourselves "is this going to help the customers?" and we constantly ask ourselves "what more can we do to make our customers experience better?". For that reason we have a pretty loyal following of homeowners in Canada. Our company motto is "We are a customer service company that happens to sell air quality"

    Like Henry Ford once said; "It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages."

    What platform/tools do you use for your business?

    We use WooCommerce for our e-commerce platform and there is a host of analytics and reporting plugins that we bought as well as a ton of custom modifications we made to improve efficiencies.

    We use Aweber to communicate to customers via email, Quickbooks Online for our accounting and Dropbox for file sharing. Both my partner and I travel quite frequently, so digital communication via Whatsapp and Skype with each other and our outsourced employee is pretty key too.

    What have been the most influential books, podcasts, or other resources?

    I think anyone in e-commerce should read Made in America by Sam Walton, perhaps one of the greatest retailers and customer-focused businessmen of all time.

    The Everything Store details the story of Jeff Bezos, pretty good read as well. Both men are quite similar in their retail/ecommerce philosophy in fact I think Jeff Bezos learned a lot from Sam Walton's career.

    Like Isaac Newton once said "If I Have Seen Further Than Others, It Is By Standing Upon The Shoulders of Giants".

    Advice for other entrepreneurs who want to get started or are just starting out?

    Get feedback from your customers as early as possible, and design your entire business around what your customers care about. It is no mistake that we have almost 300 5-star reviews, for something as boring as furnace filters. We figured out the 3 most important things our customers cared about and catered PureFilters around them.

    Jeff Bezos figured this out with Amazon a long time ago. His entire business philosophy revolves around optimizing the most important things Amazon customers care about, price, speed of delivery and selection.

    Too often, I hear business owners claim their business is "customer-focused", but there is no real follow-through. After defining what the three most important things that matter to your customers, re-assess all of your business processes and policies and optimize accordingly.

    Where can we go to learn more?

    I am doing my best to write as much as possible, whenever I can find time. You can see my blog here: www.vasantharajah.com or follow me on Instagram at @jvasantharajah.

    submitted by /u/youngrichntasteless
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    Event Coordinating-Food Fest

    Posted: 03 May 2018 09:02 AM PDT

    Hi there,

    I'll try to keep my post as simple as possible. I run a food Instagram account which has gained some traction in the last 9 months. I've been able to successfully gain active followers and make meaningful connections with local businesses.

    My entire goal for this account was to gain more experience in social media marketing and coordinating food truck/booth events to make money.

    Now that I have the attention of locals and made connections with businesses I want to execute an event in September 2018. It's a university and college area so this would maximize attendees as many followers go to school.

    My goal:

    Have 30-45 vendors at my event.

    Have enough foot traffic to have a successful event for my vendors and myself to gain a profit.

    Generate donations for a local food bank.

    Make money. I hope.

    My questions:

    A similar event in the same city charges $400+ per vendor, I would charge about $300 due to it being my first event, is this a reasonable expectation? (Obviously I have to reach out to businesses and sell them on the event)

    I can market the event myself by going through the necessary channels but have considered hiring a local marketing agency; what benefit do you see for this? If I were to do it myself I would spend a portion of my budget on physical media and FB and IG ads. I would do the physical portion through Vista print and hire someone to design the material.

    Are there any marketing strategies I should look into doing that I haven't listed?

    Do you have any experience in this field or has suggestions for my plans? Any opinions or ideas are both helpful and appreciated.

    Sales Strategy:

    Plan on offering a discount to vendors who provide products for gift baskets to early customers. Example: $50 off if you provide cookies for 50 baskets which includes your business card.

    Offer free or discount entries to provide workshops. Example: Cake pop decorations for kids or how to make X product from their shop. This is to fill the day with events that people can attend or join.

    Thanks a lot! Long time lurker around here, you guys are great.

    submitted by /u/Bobdolebusinesses2
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    Growth hacking strategies

    Posted: 03 May 2018 12:34 PM PDT

    I have recently launched a shopping guide app Riveto on Play Store. I have been running Adwords' UAC campaign for US and UK regions but the CPI is turning out to be too high (~2$). Are there any growth hacking strategies that you recommend for this kind of app? I am contemplating on approaching influencers (youtubers in this case) and/or implementing viral marketing feature (users participating in Giveaways within the app by sharing app with their friends). I am not sure if any of these would yield results though. Any thoughts on this?

    submitted by /u/bharatparikh
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    I started dropshipping with absolutely no experience and have already made 5 sales in 1 week

    Posted: 03 May 2018 12:02 PM PDT

    https://i.gyazo.com/13e7c6cf2eb7eb15ab5ba7243709b879.png

    my first sale was on april 25th and my most recent was on may 1st. i came into this with no experience whatsoever, a complete noob. read some guides and watched some videos online about dropshipping with shopify and facebook ads. spent like a week building a site, making social media, and adding products. got my first sale a few days later, tried to capitalize on the product i sold but ended up overspending on facebook ads, now back to adding products daily and testing with ads

    this post is just a newsflash that even someone as clueless as me, with no special knowledge or abilities, can get started and earn some money online. right now i'm at $0 profit since i've been spending money on ads. but i hope to continue adding products and testing with ads until i find some solid ad sets that generate profits. i hope to one day build a following for my site/brand and operate as an online store with frequent customers, allowing me to make a living by simply running my store if i wanted to do that

    submitted by /u/AntiCirclejerking
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    Starting a blog/website as business?

    Posted: 03 May 2018 11:51 AM PDT

    I am working on opening a website/blog. I expect to get ad and sponsorship revenue via this website. How do I go about handling the tax related side of this venture? Do I need to get federal and state tax ID numbers? Thank you!

    submitted by /u/babaganoush17
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    Looking for a business partner (no money or investment needed)

    Posted: 03 May 2018 02:55 PM PDT

    Hey guys, I have come up with an idea that I think can work very well as a kind of side hustle.

    There is no monetary investment needed but it would be extremely helpful if you had local business contacts.

    It's a legitimate, genuine opportunity so get in touch if you would like to hear more. As I said you don't need to pay anything or even do much work. I'll explain more to interested parties.

    submitted by /u/throwawaymofo101
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    Considering Purchasing a Small Business in the Service Industry - Unsure How to Value

    Posted: 03 May 2018 02:30 PM PDT

    Hi Guys,

    I'm looking at purchasing a small business in the service industry - but am not sure how to determine if the asking price is fair (or great or terrible). The business has few sellable assets. Practically speaking, I'm buying the name and reputation. * Customers love it. It has 99% 5 star customer ratings (with almost 1k reviews). * It appears at the top of Google searches (although not all Google searches) * It is the top rated company of this type on industry specific search sites.

    Complicating matters slightly, the business is less than 4 years old.

    I recognize I need to have the books evaluated - but does anyone have any tips for how to value a business like this? Possibly lessons learned or things to watch for?

    Any insight would be appreciated.

    submitted by /u/papaUMICH
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    Does anyone have a video or article where someone completely documents their journey from idea to launching a start up?

    Posted: 03 May 2018 01:56 PM PDT

    I'm interested in the specific actions that were taken and how they were taken.

    submitted by /u/Ba_ba_ba_ba
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    Reminder to be careful when dealing with Instagram "influencers"

    Posted: 03 May 2018 01:50 PM PDT

    This has happened to me on quite a few occasions, where I have been approached by an "Influencer" who would love to collaborate to promote my products. When checking out the page of an influencer, if the likes seem inflated, and the comments seem fishy, trust your instinct.

    Here's an example of someone who recently approached me with a sketchy page (150k+ followers, crappy photos, high engagement with strange comments that seemed very bot-like)

    I asked him for an example of his insights, and below is what he sent me. It's so obviously manipulated, but someone with an untrained eye could easily be fooled. It makes me mad because it's fraud - his page was full of sponsored posts and product ads, when all the likes and comments are likely bought. Scummy way to make money.

    https://imgur.com/a/DGp0Bqt

    submitted by /u/RPN
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    What are your low budget recommendations when promoting a brand new online shop

    Posted: 03 May 2018 01:48 PM PDT

    Hi,

    I just started my own firm with my friend. Our budget is relatively low, and that concerns me a bit - do we have enough money on marketing? We have at most 250 dollars. I'd love to run some a-b testing through Facebook, but I'm not sure if it's enough for an effective testing.

    What are your low budget recommendations when promoting a brand new online shop for a niche market? Also, should I focus on one marketing channel given the low budget?

    submitted by /u/Rallerbabz
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    Friend/advisor of mine just closed funding from Google Ventures, trying to convince him to do an AMA

    Posted: 03 May 2018 10:01 AM PDT

    To those building software products and pushing towards fundraising from strategic partners...

    My friend, Raj Singh, founder of Go Moment, has been playing the startup game for the past three years and just hit a pretty epic milestone—he closed on funding from Google Ventures.

    See: Investing in startups and the future of the Google Assistant

    The strategy game he executed prompted a bidding war for his (I think) bridge round (he's only previously had a Friends and Family, Seed round), ultimately leading to him attracting (not approaching) GV; one of the ~3 strategic partners he had been working towards for years.

    I wish I could do his strategy justice and am posting this to, based on your interest, cajole him to share it in detail via AMA. His brilliance is in simplicity and, while less than glamorous, simple to clone and apply—largely requiring persistence. Would those of you building software be keen to hear his strategies and insights for product development framed explicitly to attract fundraising? He's not selling a book or building a brand so, being focused on his new product iteration, I'm trying to convince him others like me (aka you) want to hear it.

    As a consultant, Raj is known for building $10M software for >$1M and his advice to me—in building my first product—was "It's all about what not to build." That came in handy as it enabled me to build an aggregate of competitors technology for less than 0.05% of their collective Seed funding. That, among other notable points, has dramatically influenced how investors see the opportunity and optics is IMO Raj's true brilliance.

    *The links above are to the product he guided me in developing. It's a personal knowledge management system, currently in alpha, and (as is) free to use. It's awash with issues, but... functional and sellable.

    Would love feedback, not sure I'm ready for it.

    submitted by /u/FuckApathy
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    Please critique my landing page

    Posted: 03 May 2018 01:46 PM PDT

    Hi all, first and foremost, thank you for taking the time to look at my landing page. I've got a big batch of humble pie in the oven and I'm ready to listen to what the experienced professionals have to say.

    My landing page is http://broadcastinternetradio.com

    Key points I'm currently considering:

    • I've got no testimonials or social proof on the page, should I build up a facebook following so I can display "x amount of people like this page"?

    • I've got no lead magnet or standalone free giveaway, but I'm not aware of many competitors who do this. I could perhaps offer a month free trial instead.

    Like I said, big plate of humble pie here. I'm willing to listen to criticism and learn from it, and I seriously appreciate you taking the time to get back to me.

    submitted by /u/itsnathanhere
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    Help Negotiating A High Value Lease Location

    Posted: 03 May 2018 01:46 PM PDT

    I own retail stores in the Electronic Cigarette Industry and am looking to open a store in my states biggest city. A spot recently opened up in one of the biggest Shopping Areas but they said they were not interested in having us.

    I want to convey we could be as proffesional as they need us to be to fit in. We aren't some dingy vapor shop. Our goal is to be the Apple Store of vape shops.

    Clean, Professional, and Modern.

    I was wondering if there is more I could do? Or am I out of luck and should just give up.

    submitted by /u/Bentler
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    Any conscious, change making, purpose-driven entrepreneurs here?

    Posted: 03 May 2018 01:34 PM PDT

    I just had a huge update to my site and I'm going to promote it a bit (since I have a few spots open for new clients) Would be wonderful to get some feedback beforehand... + If you have any ideas for ideal places to promote this (paid or not) would love to know. My website - http://dpositiveimpact.com/

    Thank you so very much

    submitted by /u/Dee_Pl
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    Should I keep my non operational corporation (Canada)?

    Posted: 03 May 2018 01:15 PM PDT

    Hey any advice would be helpful. A little background...

    I had an Electrical Contracting company in BC for 10 years. Recently, I have ceased operations, let my employees go etc. Full shutdown so I can change careers and find something I enjoy more.

    I still have the corporation behind the contracting company with all debts paid and taxes current. It is fairly easy to change the name and use it for my next business, whatever that may be. I am in the process of checking the credit score to ensure no problems but the credit should be solid. Maybe I can leverage 10 years of good credit for a new venture?

    In the meantime, I am taking a year off to travel and the corp is sitting dormant. Still has some filing obligations, GST, PST, annual return and tax returns, about $1750 per year costs.

    Just wondering if it is worth it to keep this going until I decide what to do or close the corp and start new.

    Can anybody help me with some pros and cons with this situation? Financial or otherwise?

    TIA

    submitted by /u/a_computer_adrift
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    I've been looking for 6 months to buy an existing business, and most are crap. What's the best way to learn how to buy into an existing business?

    Posted: 03 May 2018 09:27 AM PDT

    Im in Chicago and have entrepreneurial experience having started and sold a company, as well as a ton sales and sales management experience as well. I didn't think it would be this hard to find something!?! Any thoughts appreciated as I'm ready to do something, and I really don't want to go back to corporate america.

    submitted by /u/Beedee0823
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    Business serving indie game developers?

    Posted: 03 May 2018 09:11 AM PDT

    Not developing a game. But maybe marketing, outsourcing art, etc.

    I thought about marketing but the problem is is there are well established companies that do the work for top tier games. Vast majority of indie games aren't really marketable. So if you're an agency for them you'd be making promises you can't deliver (particularly the PR part).

    I will say there is a pain point though. These developers have full time jobs and working on their games part time. Marketing is very different from game development and is a huge distraction.

    Not sure how this pain point can be relieved though to build a sustainable business.

    submitted by /u/kookoobear
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    Anybody else gets bothered by contractors writing and asking if you have any jobs for them?

    Posted: 03 May 2018 12:55 PM PDT

    I do hire some freelancers every now and then. What I hate is if someone (usually developers) keeps writing the same thing over and over again. It usually goes like this:

    -Hi sir, how are you?

    -Good and you?

    -Do you have any jobs for me?

    -Not at this moment. if I have anything I'll let you know.

    two days later

    -Hi! Do you have any work for me?

    eh

    submitted by /u/VMSstudio
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    Pros/ Cons to using my business funds to invest in Cryptocurrency

    Posted: 03 May 2018 12:46 PM PDT

    I am considering investing in crypto currency with my business funds. What are the pros and cons to this? Short term, long term, taxes etc? Or should I stick to keeping these investments personal?

    Edit: I am aware of the risk that trading has. I'm not seeking investment advice or asking if I should or shouldn't invest in crypto. I am trying to understand if someone has experience/knowledge on trading crypto with their business funds. If so, are there tax incentives/ consequences to this compared to trading with personal funds.

    submitted by /u/AlwaysWorkin
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    People who struggled for awhile, how did you come up with your “winning” idea?

    Posted: 03 May 2018 12:26 PM PDT

    So I've been brainstorming for the past few months, I got a couple notebooks full of ideas.

    I reread it all last night and it's all crap.

    I have no idea what to do.

    submitted by /u/zenplus
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    Building a service business with the intention to sell

    Posted: 03 May 2018 08:20 AM PDT

    Hey /r/Entrepreneur!

    I'm considering starting a service-based business in my town, but I already know I would want to sell it within a few years. My husband and I are only here for him to get his PhD, then after that, we're planning to move to wherever he can find a job (his field is pretty limited).

    Are there any resources out there that explain how to build a service-based business "with the end in sight"? I realize I'm assuming that there will definitely be interest in purchasing the business when I want to sell it, which may or may not work out, but I'd prefer to plan my business around selling it eventually right now than having to go back and work in whatever necessary details need to be in place, in order to make a sale easy/possible.

    Thanks, and let me know if I left out any crucial info!

    submitted by /u/hungaryforchile
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    Can anybody recommend GDPR-compliant Terms of Use, Privacy Policy and Cookie Policy templates?

    Posted: 03 May 2018 06:07 AM PDT

    I appreciate your help.

    So far I found these two but they both look a little bit sketchy.

    https://gdprprivacypolicy.org/

    https://termsfeed.com/blog/gdpr-privacy-policy/

    Do you know of any template generators that cover GDPR compliant * Terms of Use * Privacy Policy * Cookie Policy

    Thanks for your help!

    submitted by /u/hyperhappy2
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