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    Wednesday, June 27, 2018

    Wantrepreneur Wednesday! - (June 27, 2018) Entrepreneur

    Wantrepreneur Wednesday! - (June 27, 2018) Entrepreneur


    Wantrepreneur Wednesday! - (June 27, 2018)

    Posted: 27 Jun 2018 06:06 AM PDT

    Please use this thread to ask any wantrapreneur questions.

    We do this to not overflow the subreddit with wantrapreneur 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.

    submitted by /u/AutoModerator
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    Entrepreneurs who lost absolutely everything. How did you spring back up?

    Posted: 27 Jun 2018 07:39 AM PDT

    Would you guys recommend online courses.

    Posted: 27 Jun 2018 01:06 PM PDT

    People such as Tai Lopez, with his 67 steps, and similar stuff like that. Do you guys think that it's worth buying their courses or would I be better off spending my money somewhere else? I also like Grant Cardone, but his courses are way to expensive anyway.

    submitted by /u/s_haye_s
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    Thoughts on Being Unique VS Being the Best?

    Posted: 27 Jun 2018 01:17 PM PDT

    Hi all, I'm currently studying for my MBA. I was assigned to give a presentation on competition specifically the excerpt from Michael Porter: Why Being Unique is Better Than Being The Best? for my Entrepreneurship & Strategy class. I am not an entrepreneur but was curious to hear thoughts from r/entrepreneur on if it's better to be unique or being the best when it comes come competition? Is it really better to compete to be unique as Porter says?

    submitted by /u/LostInTheBigCity
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    Debating which business model to use for my project?

    Posted: 27 Jun 2018 11:22 AM PDT

    Hi everyone,

    I recently launched a website called Munchjobs which is a job search engine. I'm sort of stuck which business model to use:

    1st business model is posting jobs are for free and I make income based on job advertisements and/or general adverts. Perhaps also affiliate & email marketing.

    2nd business model is posting jobs with a fee and do affiliate & email marketing.

    Which business model is best suited to this project?

    Link: https://www.munchjobs.com

    submitted by /u/azhan18
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    Privacy in cyberspace involves the ability to choose what information one would like to share about oneself.

    Posted: 27 Jun 2018 12:35 PM PDT

    It is becoming increasingly difficult to protect user privacy since our understanding of privacy has shifted as our technology has shifted. This is due to the fact that the way we share our personal information has become more complex over time and the laws over time have had to expand and become as complex. The reality now is, even though there are laws that are put in place to protect our human right to privacy, it requires trust.

    The real solution would be to create a system that is trust-less, where we do not need to rely on others or technology that is not completely dependable. We may not always need to rely on MasterCard or Visa or the storage of our medical information in databases with compromised security. And that is the next advancement for humans when it comes to our relationship with privacy. Privacy and trust are closely intertwined. If we can decrease the level of trust required for strangers to run our technology efficiently, we can be more sure to protect our privacy while advancing technologically.

    In conclusion, privacy is a huge part of our social experience and how we interact with the world. The way we interact with the world is becoming even more complex and so the technology that we use has to match. The best scenario is to have a "trust-less" system where, for example, in the case of what happened with Facebook and Cambridge Analytica, all the users who were giving different responses, are able to decide how much they are willing to share, without having to depend on the words of private companies.

    In this regard, it's now possible to buy, sell and communicate in complete privacy now that Particl Marketplace has released its Alpha and made it available for testing on github. Particl Marketplace is a revolutionary market place and the best alternative to Amazon.

    submitted by /u/CryptoRamble
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    What it feels like being an "Entrepreneur"

    Posted: 27 Jun 2018 02:05 PM PDT

    So I've been reading up on everyone's stories here for the longest time, don't really post myself because I don't have time or really call myself an entrepreneur seeing how it's been misused by normies. Also I don't know how to not come off as a dick to people. That being said I am a entrepreneur.

    • 2013- Traded video games in high school (+$150 weekly)
    • 2014- Started an eCommerce/Drop Shipping company after I graduated selling anime (+$100,000 1st Yr)
    • 2015- Attempted my first start-up, a 3D holographic phone case. Basically you would email me three photos & I would turn them into lenticular images & use a dye cutter to shape them to fit your phone's case. (-$1500)
    • 2016- Paid a guy on upWork to make me an app that showed kids where the school bus was & would reward you for going to school everyday. (-$8065)
    • 2016-2018 Started a property management company that's been somewhat successful. (+$800/m)
    • 2018- Want to create a property management software that's very simple but very lucrative (would cost $3,000)
    • 2018- Just recently started working for a Silicon Valley company that hired me solely based on the fact that I did all these things on my own in the past ($18/hr sitting on my ass somewhere in the North East) & I'm still a freshman in college.

    Anyway eCommerce biz has died because competition with larger capital copied my biz. (-$9,000 inventory) Walked into RiteAid one day & saw they were doing the exact same phone case thing (-$1500) Bus tracking app would've been successful but from my username you can tell I had a hard time selling myself to schools. (-$8065)

    Went back to school, pitched my bus app idea & lost to someone who's idea was just that, an idea. (-$10,000) So many loop holes in their business but they won because the image it brought to the University. I wasn't the only one who agreed trust me.

    I was born in another country but grew up here (2001), brothers and sisters are doctors & nurses here. Whole family is confused why I won't just do the same, don't understand that I love business, Entrepreneurship to be exact. It's funny that I could do all those things on my own & when I explain it to people they either don't believe it or are petty.

    anyway I'm just rambling, if you have any similar stories I'd love to hear.

    submitted by /u/ThatNigerian
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    Instagram marketing

    Posted: 27 Jun 2018 01:53 PM PDT

    What are some good tools/sites to check for fake followers and country mapping before using an Instagram influencer.

    submitted by /u/lookcool1
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    Best free website builder for events?

    Posted: 27 Jun 2018 01:23 PM PDT

    My wife and I recently purchased a local event company that specializes in triathlons, biking, and running events.

    It's relatively small and we basically have to start from the ground up. There are only eight events, but they have been around for several years and have gained a decent following. Everything runs well enough except the online portion. They have a website already established, but it's extremely outdated and with how much they're charging us for it, even though I don't have much experience, I am positive that I can do a better job even with the basic website builders such as Wordpress or Wix.

    I won't need to take any sort of payment through the website as we will just redirect people to the registration website. This is my biggest concern as most plugins seem to want to handle the registration on the same website rather than link to another.

    It would also be extremely nice to have some sort of calendar available for the events, which I know Wix does have a free option.

    I wanted to ask you guys what your thoughts are on the best free website builder.

    submitted by /u/JCT-44
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    Why did Hooters fail in the UK yet it's been a resounding success in America?

    Posted: 27 Jun 2018 01:19 PM PDT

    I've been looking at setting up a "breastaurant" in the UK for some time now. We don't really have one and I still feel the 18-35 demographic will still appreciate one.

    Hooters tried expanding into the UK but they failed. Yet they're a resounding success in the US.

    Would anyone know/have a theory why Hooters failed? I don't want to set up a "breastaurant" in the UK and have it fail.

    submitted by /u/nonu1794
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    How to avoid feeling like an imposter

    Posted: 27 Jun 2018 10:46 AM PDT

    The most helpful skill I learned from my design school days has been the ability to critique something. Good feedback has the power to transform both the art and the artist. We humans thrive off of feedback because creation demands it. We need it as validation for what we build. For art, feedback is the reaction. For design, feedback is the motivation for change.

    The opposite of good feedback isn't negative feedback, it is apathy or indifference because when someone asks for feedback, they are requesting you to empathize with someone to solve their problem. When building things in a work environment, that apathy can be silence. It is that meeting that ends with everyone silently nodding along in agreement.

    Sometimes, the reason behind that silence is the personal insecurity we bring to the table - our own impostor. That is what I want to unpack here. The impostor feeling is the tiny version of you sitting on your shoulder. The more paranoid version of you. When you lack the experience, it is the loudest. It may be small but powerful.

    There may be many reasons for its voice. You may justify it with your inexperience. I personally faced a lot of these thoughts when I first joined the industry. I rationalized to myself that many of the ideas I would bring would be riddled with naivete and would not stand the test of further scrutiny. So I decided to stay silent and help others distill their ideas instead.

    However, I think this feeling is well deserved if you believe that surrounding yourself with people smarter than you is how you grow. The byproduct of that aspiration could introduce personal insecurities about your own competence. If you have ever felt this, rest assured we have all been there.

    If you do feel this in your day to day, here are some reminders for you. Remember, being comfortable at work allows you to express your ideas with pure conviction and chutzpah! It can unlock your true potential and bring your game to a whole new level.

    Learn history and guide the conversation If you suffer from not having experience, learn the history of the domain. Imagine you find yourself in a room filled with the most decorated army generals in the world planning a siege. Their experience may intimidate you but understand that the value you add can take a different form. Whereas they might reference personal experience, you can reference history. People tend to have a worldview with a timeline of the past 10-20 years. If we zoom out to 100+ years we start to learn more about our human patterns of communication and computation. These references can guide and mold a conversation.

    Use the right words A critique should be imagined as a place mentally designed to entertain and stretch ideas. Certain words can visualize and shape shift. It can paint a vivid picture in someone else's mind easily. An old mentor of mine had a great tactic of presenting his ideas. He prefaced his words with 'what if...', 'imagine that...' or 'let's say we live in a world where...'. These words create a temporary state to propose ideas without poking holes into it right away.

    Talk to that impostor Have a real conversation with yourself of why you think you can't present these ideas. Elizabeth Gilbert, the famous author behind Eat, pray, love, speaks about this. She beautifully personifies her fear sitting in the backseat of the car she drives. She tells her fear that "you're allowed to have a seat, and you're allowed to have a voice. But you are not allowed to have a vote. You're not allowed to touch the road maps, or suggest detours. You're not allowed to fiddle with the temperature. Dude, you're not even allowed to touch the radio. But above all else, you are absolutely forbidden to drive."

    Be prepared to visualize ideas When you don't have the experience, you just have to work harder and be more prepared. One can rely on their pedigree and past experiences for their discussion, but the real winners study and prep their ideas all the time. In the long run, guess who will always have a leg up.

    Help and build trust Be willing to do anything to push the best ideas forward. If it is taking notes, take the best notes possible and forward it to everyone after the meeting is done. If the ideas after the meeting seem esoteric and blurry, take one or two and prototype it to show the team. Taking this step will help people trust you and ask for your input.

    Time to ask that impostor to quiet down and become a beginner.

    Originally posted on Pastel's blog

    submitted by /u/alokee
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    Can I pay for an employee to go get personal health insurance off of the state exchange in 2018?

    Posted: 27 Jun 2018 12:51 PM PDT

    Hi,

    Is it possible for me to write a company check to my employee outside of payroll to reimburse them for their health insurance costs?

    Edit: I'm in Washington State

    submitted by /u/pickanamo
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    I love what I do, but hate social media. Is this a problem?

    Posted: 27 Jun 2018 12:49 PM PDT

    I'm passionate about what I do (Plant-based nutrition and lifestyle medicine advocacy, public speaking, online webinars, podcasts, content). I want to make my passion into a part-time or full time job. But, I have very little interest/drive/know-how to use social media to spread my work far and wide. I do use it, though. I'm big on the mantra "Do what you're great at and outsource the rest" so I'm contemplating looking into hiring some sort of a social media marketing firm. Finances make that a hard pill to swollow at this point. Am I going to get where I want without optimizing social media? Advice appreciated.

    submitted by /u/PlantBasedCyclist
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    Loopholes for registering same business name as another in same state?

    Posted: 27 Jun 2018 02:00 PM PDT

    Hello I am trying to brainstorm names for my business. I thought of a viable one but there is the same name in another city. The business name is TLC Chiropractic. Can I do TLChiropractic and it be viable or is that too close and not viable? Thanks for the help

    submitted by /u/Righteous_Remnants
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    How did I become an entrepreneur who can code

    Posted: 27 Jun 2018 12:39 PM PDT

    Hi, guys. The reason I wanna share my entrepreneurial journey is that everyone should believe in yourself and your dreams. A little bit about me, I started my 1st startup which was 'Uber for food' app 3 years ago. We failed.2nd one was AR dating app. It didn't work out either. After 2 years and 2 big failures, my two technical co-founders decided to leave the team. I totally understand how hard running a startup is and everyone needs income to pay bills. So I throw a farewell party for them. We shut the second company down. Please go to my Blog if you want to know more:http://www.best10.store/blog/4/

    submitted by /u/oc0707
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    Entrepreneurs with diagnosed mental health disorders... how do you do it?

    Posted: 27 Jun 2018 12:08 PM PDT

    I started two businesses in my early twenties and eventually sabotaged them both to the ground (despite both of them making over $60k in active and passive income, in the years they were around). After spending the last year in recovery, getting on medication, and starting therapy, I'm starting to feel confident enough to try starting a business again (a virtual assistance agency).

    I'm terrified that I'm one bipolar mood swing away from starting it and another bipolar mood swing away from tearing it apart... again. So those of you who live with something similar, how do you keep going? How can you tell what's a good idea versus a crazy mood swing? How do you stay consistent?

    Thanks <3

    submitted by /u/MayhemWhy
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    An Entrepreneurial Venture to solve Fake News?

    Posted: 27 Jun 2018 11:43 AM PDT

    Hey guys, our team launched www.TruthGuard.org a non-profit venture aimed at trying to solve the fake news problem. Tear it apart please :)

    submitted by /u/ironmonk33
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    What is the best way to automate different types of work orders into a usable format for my product?

    Posted: 27 Jun 2018 11:32 AM PDT

    So I run a handyman business similar to Uber but for handymen. I work primarily with property managers, all of whom have their own styles and formats when it comes to maintenance requests. I use an app I built as sort of a job board for my contractors to pick through and choose which jobs they want to do. Currently, I have to input each job manually, because my property mangers use different maintenance request formats. I'd like to be able to automate this process. Is there a call center service that parses emails and changes them to a better suited format? Should I outsource this task?

    submitted by /u/Handy_Dude
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    What book aside from How to Win Friends and Influence People would you recommend for influence and improving conversation?

    Posted: 26 Jun 2018 08:07 PM PDT

    Just finished reading How to Win Friends and Influence People, thought it was a great book but a little outdated. I was wondering if there are any books that may help with improving conversation and networking. I find that it's very difficult for me to begin a conversation with a stranger, but once the conversation flows, I am mostly able to keep it going. However, there are times that I do get stuck and don't have anything to say so it ends with the inevitable silence. I was wondering if any one of you would be able to suggest some books that have personally helped you with your social skills.

    submitted by /u/CluelessGoals
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    As Seen on TV made me this offer

    Posted: 27 Jun 2018 11:24 AM PDT

    ASOTV showed interest in my product and offered the following

    • We produce commercial spots with a Call to Action (best website or phone number) driving all sales to the participant.
    • Additionally, we will produce a :15 second promotional and branding video to be used for digital and social media purposes such as Facebook, Instagram and YouTube.
    • The production process takes 60 - 90 days from script to screen which includes pre-production, scripting, filming and post production with filming taking place at our studios in Florida or on location.
    • Participants are required to sign off on everything including scripts, press releases and the final edited spots.
    • Television broadcasts will air as follows:
    • 60 second spot airs 300x regionally
    • By completing Distribution and Network Checklists, participant would select the most appropriate cities/markets and cable networks to reach the best target audience.
    • E-Commerce platform: the spot is featured on Kevin Harrington's shopping site www.AsSeenOnTV.pro for 12 months.
    • $24,900 USD is the total scheduling fee if we work together.
    • You will be issued the licensing rights for the commercial spots, so you may reutilize them in the future.

    Expert marketers and physical product business owners, what are your thoughts?

    submitted by /u/writemyworld
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    How do I raise money for my business without getting forked over?

    Posted: 27 Jun 2018 11:08 AM PDT

    Actually, that's a cloaked swear word rather than a reference to food and beverage.

    There are these make-a-painting-while-drinking-wine event places that have sprung up all around the country and I'd like to try my hand at one.

    How do I raise money and keep my stake (51%+), since I'll be providing the sweat equity? That's because if I can make it work, it'll be because of me finding and developing relationships with my suppliers, employees, and customers. So, I would deserve a large stake in the business.

    I was looking at venture capitalists but they're looking for big tech business. I imagine some of these sip and paint places make money but I'm sure it's all who's running the show that determines the success of each location.

    I was recently inspired by this lady who runs a local Kung Fu school. She has all of these great people working for her. When we talk money, it's all about what I want, she's an inspiration.

    submitted by /u/whats_going
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    System for improving decision-making skills and technical truth

    Posted: 27 Jun 2018 11:06 AM PDT

    Since it seems like an area people probably struggle with, here is my system for identifying problems and improving my technical truth. It's designed for myself using parts taken from procedures at NASA mission control and Toyota's five why's technique but it is pretty vanilla and easily adaptable -

    Conclusion:

    What happened and why?

    Did we expect it? If so, did it happen as expected? If not, how was it different and why?

    Did we have any indications of success or failure?

    Have we accepted an easy or superficial explanation that hides whats actually happening? Why do we think we know something? Based on what measurement, analysis, experience or judgement?

    How much uncertainty is there to our knowledge of technical truth and why?

    How does that uncertainty change what the actual situation could be?

    What are the ramifications of the most probable of alternative situations, and how do those ramifications affect our decision making, risk assessment and action?

    Have we learned anything that could change our assessment?

    Problem Solving:

    Was the problem human or system error?

    Why did the problem occur?

    Why did the above problem occur?

    Why did the above problem occur?

    Why did the above problem occur?

    Why did the above problem occur? (Repeat as necessary until root problem is found)

    Why was the problem not detected?

    Why was this problem not thought of?

    What action is recommended and why?

    I originally made the post to see if there was anything I could use that I have not come across. feel free to post your systems, feedback and any ideas below.

    submitted by /u/Dwights-beets
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    Any entrepreneur working within the fintech mobile money / fintech space?

    Posted: 27 Jun 2018 10:58 AM PDT

    How have you navigated/ ensured that you comply with government regulation especially when it comes to taxes on translations done on the platform?

    submitted by /u/Master_C137
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    Business ideas

    Posted: 27 Jun 2018 10:54 AM PDT

    I didn't see any subreddits or threads posted for discussing business ideas; does one exist? I've been into finance, investing and business for over a decade now but looking to take the step to start a small business due to the plethora of free time that I've been wasting. I don't want to take up room here if this isn't the proper arena and I'm not after get rich quick schemes.

    submitted by /u/srv524
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    Feedback for tech Idea. Looking for your savagery

    Posted: 27 Jun 2018 10:00 AM PDT

    Hi Guys and Girls,

    I am looking to create a new product for developers and am looking for feedback from the community.

    I currently do some consulting work and my client wants me to build a financial alerting system for him (Some calculation in the database hits a number, send him an email/notification). Almost all apps need some sort of alerting (in app notifications/emails etc). I see there are 270 projects on UpWork which need some sort of alerting either on

    1)Stock Market Data

    2) Twitter

    3) Database Update (New Records, Calculated fields etc)

    The challenges with alerting are (How often do you want to check this? How often do you send an update, if you have alerted once do you send duplicates or not?)

    I am thinking of creating an infrastructure service which can connect to

    1. Databases
    2. Feeds (Like market data)
    3. Log Files
    4. Twitter or other social media

    from the input side

    and send alerts to

    1. emails
    2. SMS

    3.In app notifications

    4.Slack Channels

    1. Queues and other endpoints

    on the output side

    The user instead of building his own alerting service will just launch an instance of my infrastructure, connect the input through some parameters, Create a rule engine on the UI (Which field do I look at? what is the condition? How often should I check? Send duplicates or not)

    and send alerts to the required output channel.

    This will save the effort of developers who have been rewriting similar code for multiple projects and pay me depending on the number of things they monitor or the number of messages they send.

    Can developers here with some experience give me some feedbeck?

    Thanks ya all!

    submitted by /u/redcactusjack
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