NooB Monday! - (July 02, 2018) Entrepreneur |
- NooB Monday! - (July 02, 2018)
- The case of an 81 year old working at a gas station in Iowa
- We Got Our First News Article!
- What is your morning routine like as an entrepreneur?
- Dear Entrepreneur Gods...
- It’s been a long 9 months, but we finally launched - and thanks for all the help!
- What do you guys think of the program that Amazon is launching about opening up your own delivery service backed through amazon.
- What are some general services that are needed in 2018 that could potentially become a very viable business?
- How does percentage ownership work in an LLC (partnership) when each member contributes different amounts of money?
- How many of you are struggling with student loans?
- Anyone in the boat charter business?
- How to find market-fit after building a product?
- Advice on building a Y-Combinator company in Silicon Valley - Interview with Templarbit Co-founder Bjoern Zinssmeister
- Native Ads
- Online Headshop Trouble Advertising
- How I've managed to learn to code and build small Side Project
- Building the Safety Net First?
- Looking for recommendations on SEO help for photography business
- How important is the vision?
- Premium Domains and Conversion Rates
- Need advice starting a contracting and inspection company
- If the launch is bust is the product tainted?
- Fast-track all tech startup ideas (MVP to beta). Focusing on user impact. What do you think of this approach?
- Seeking Guidance and Advice!
- Instagram handle @Founders
- Running a Crowdfunding Campaign
| NooB Monday! - (July 02, 2018) Posted: 02 Jul 2018 06:07 AM PDT 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]  |
| The case of an 81 year old working at a gas station in Iowa Posted: 01 Jul 2018 11:10 PM PDT More details here - https://old.reddit.com/r/personalfinance/comments/8ufjgp/how_can_an_81_year_old_say_goodbye_to_working_at/ My husband, who is a colorectal surgeon, has agreed to donate $10,000 to this individual. I am a student at a medical school and I could raise an equal amount from my classmates. My professors will likely contribute an additional 5k. Which means we would have raised $25,000 for this person who isn't able to work any longer. With this $25,000, can this poor old man hire someone to run some business for him that can pay his living expenses? I am thinking about a business like a hot dog stand which he could potentially pay someone to operate for him. Do you have any suggestions like that? This man has no savings and his situation is quite grave and I will really appreciate any advice you can give me. [link] [comments]  |
| We Got Our First News Article! Posted: 02 Jul 2018 10:21 AM PDT Fable Beard Co has been open for three months now and after reaching out to over 50 different publications we have been featured in our first news article! Our article in The Roanoke Times [link] [comments]  |
| What is your morning routine like as an entrepreneur? Posted: 02 Jul 2018 09:46 AM PDT I strongly believe that the way we start our day can have an important effect on the way everything else unfolds. How do you guys start your morning to ensure you have an efficient, productive and positive day? [link] [comments]  |
| Posted: 02 Jul 2018 01:40 PM PDT Dear Entrepreneur Gods, I just wanted to say real quick... WTF?! And thank you. In your own weird messed up way, you always seem to pull through. A little while back, I decided to give up on my year-old marketing business. I updated my resume and sent the "new opportunties" email to people in my network. I reached out to a friend who also owns a marketing agency. My plan was to ask for a job. Instead, he took an interest in my business and said he wanted to partner up. Within a week I inked a sub-contractor deal with him. Now we're in talks of merging our agencies and even taking my company name. I'm not sure why you keep me in the game. Sometimes I just have to laugh. I guess I'm where I'm supposed to be. Forever and ever, amen. [link] [comments]  |
| It’s been a long 9 months, but we finally launched - and thanks for all the help! Posted: 02 Jul 2018 09:41 AM PDT Hi fellow entrepreneurs! First things first, I want to say thank you for all the motivation, inspiration, tips, and tricks I've learned from you all. I've been getting my lurk on for quite some time on my personal account, and can honestly say you inspired me to create the first thing I've ever been proud of in my life, my new business. I hope you don't mind me sharing my journey with you quickly (probably not quickly… I tend to ramble.) I was working in finance in Dubai - and I absolutely fucking hated it with a passion. Like, a white fiery passion. The people, the place I was living, the company - all shoddy. However, I did learn one thing: Ecommerce is an amazingly powerful industry that can truly change the way the world conducts business. Not only that, but the social change from Ecommerce (I believe) will be huge. We now have veterans, kids, stay-at-home parents, women who were only recently allowed to drive for the first time, all able to run their own business from home. That's insane. When I realised this, I knuckled down and learned everything I could. Where did this start for someone with absolutely no coding experience but a fairly good grasp on digital marketing? Shopify, naturally. Six months of learning all night and still working all day in an industry I despised, I finally left Dubai and moved to Canada. My girlfriend was happy, but wished I didn't drag her to Dubai first… Anywho, after about 9 months of marketing myself as a Ecommerce professional (thought I knew all the tricks... I was dead wrong - but fortunately I had some solid developers by my side), one faithful night laying awake figuring out how to differentiate myself from the thousands of others, I decided to market a network. A network that allows all of my clients to receive discounts at all other stores that my team and I helped build. Pretty great, right? I thought so too. And it half was. But it didn't kick off. One more faithful night, a few months later, trying to sleep but tossing and turning and my mind racing - it hits me. It doesn't need to be JUST my stores, it can be an app and I can target established stores as well. Well, let me tell you - if I was in over my head without coding before… I was well and truly screwed if I thought I could handle this by myself. This was 9 months ago. In that time, I have:
And we are currently featured on producthunt! We are getting our ass kicked in the numbers, but we are just happy to be featured. Never expected that to happen for our first app. I don't want to come off as pluggy or promotional, so please don't feel like that's what I'm doing. I simply want to give some insight in to what it has taken for me to get from my first desire to work for myself, to finally having something I'm truly proud of in the market. The same that so many of you have helped me with by posting over the years, I only hope I end up as successful as you. I can tell you though, if you're just starting out... there's no better feeling than someone, by their own merit, finding value in a product/service that you provide yourself. It's pretty fucking special. Cheers for reading everyone, sorry for the long post! [link] [comments]  |
| Posted: 02 Jul 2018 01:46 PM PDT |
| Posted: 02 Jul 2018 12:35 PM PDT Looking to start my own business and want to start offering a service of some kind. (Can be anything any reasonable person could do without extensive training). Typical 9-5 grind in a boring office job is just not cutting it. Need my own venture. Just not sure what to do. I could pull together funds and learn what I needed within reason. As of now it would just be myself and my wife. The two of us could accomplish quite a bit together. Just need to figure out what that is. Any ideas? Thanks! [link] [comments]  |
| Posted: 02 Jul 2018 09:27 AM PDT Ex. Let's say there are 3 people in an LLC. A contributes $50,000, while B and C contribute nothing. The members decide A should have 45% equity in the company, B 35%, and C 20%. How is this handled? Is 20% of that $50,000 transferred to C's capital account? I am confused how ownership works when there is a discrepancy between percentages contributed and percentages owned by members. [link] [comments]  |
| How many of you are struggling with student loans? Posted: 02 Jul 2018 11:00 AM PDT Did you go to college and then decide to start a business? What's been your experience with student loans? Were you able to get them deferred? Although I don't resent my debt, it's obvious how the system is not constructed in a way to help entrepreneurs. It's a form of "wage slavery"... Essentially demanding that grads earn a certain amount of money post-college. When I took out loans, I didn't really understand how it would fuck me down the road. I was 19... I didn't really have the ability to comprehend what these numbers would mean down the road. When it came time to graduate, I was surprised to find how debilitating loans can be on a person. Education about the ramifications of debt was missing from my "education"... the same education I took out loans to fund. Seems like this should be a more important part of educating the youth... What's your take? [link] [comments]  |
| Anyone in the boat charter business? Posted: 02 Jul 2018 05:41 AM PDT I have a list of ideas and one that I keep coming back to is the boat charter business, mainly because boating is my passion, plus I would like to get into a new business venture. Just looking for some advice and tips on getting started. One question I am more so in getting answered is, do most companies that charter these boats, do they own them, lease them, work out a deal with other owners? Kinda going the route of this company https://www.lifestyle-charters.com/ I'm not affiliated with them at all, but I was searching for charters in Europe and came across that site. [link] [comments]  |
| How to find market-fit after building a product? Posted: 02 Jul 2018 09:45 AM PDT Over a year ago, my siblings and I were discussing ideas to celebrate my our mother's 70th birthday. She's a modest lady who doesn't want (and usually does not like) material gifts. We needed something sentimental. Being an immigrant, her friends & family are spread all over the world and wouldn't be able to attend, so we had an idea: get everyone to record a video and we'd compile it into a single montage/slideshow for her to view on the big day! Simple enough, right? Well, I'm the techie in the family, so I got tasked with heading up this effort. I'd have to solicit video recordings from people in their 70s and 80s and put them all together on time for the big day. My first move was to go to Google with the thought: "There must already be a SAAS that does this, it's 2016!", but nope, while there were some services that did parts of what I was looking for, nothing provide a concierge experience for the whole thing.
After that, I couldn't get the idea out of my head. And I had friends & family who participated asking me if I could make one for them (which I had to kindly refuse, knowing the effort involved). So I started building it on the side (paying the bills for my family as a software freelancer). Along the way, I had people use it for birthdays, new baby arrivals, and other special occasions. I did a bit of beta testing, but mostly succumbed to my desire to create and had my head down to do so. Last week, finally launched VidHug (https://vidhug.com) and while it's closer to MVP than finished product, I'm proud of it (which is the #1 sign I didn't launch fast enough!). The thing is, I believe that I have a product with many potential markets. And this is not a good thing. It makes it difficult to focus, find market-fit, to truly validate the mass appeal of the product. I need to FOCUS on one segment to see if I've delivered value or not. I also currently have a very crappy business model (single payment, B2C). I'm already considering a few pivot options that get me closer to a B2B positioning. However, I don't feel like I'm giving the B2C market a fair chance yet. I've done a very small amount of Google Adwords (high click rate, low conversion to sign-up) and trying to get out of my shell to do more marketing now, but I'm out of my element. That's my story to this point - 1 week post-launch with crickets chirping on the landing page and it's basically friends & family that are on the site so far. So my question to you: if this was your business, which market would you go after (B2C: birthdays, weddings, etc, B2B uses cases?) and how would you go after it? General feedback is of course welcome too. Thanks! [link] [comments]  |
| Posted: 02 Jul 2018 01:30 PM PDT Check out the SaaS Revolution podcast episode 88 with Templarbit Co-founder Bjoern here: https://www.templarbit.com/blog/2018/07/02/the-saas-revolution-show-with-bjoern?utm_source=reddit&utm_medium=post&utm_campaign=Entrepreneur I really enjoyed listening, good insights - hope you do as well! Highlights from the discussion:
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| Posted: 02 Jul 2018 05:58 AM PDT Anyone here have experience successfully scaling a campaign on Taboola/OutBrain/etc...? Was it primarily useful for building top of funnel? What products did you push via native? Push straight to your site or? [link] [comments]  |
| Online Headshop Trouble Advertising Posted: 02 Jul 2018 01:27 PM PDT Hi guys, I recently started up an online headshop, and the start of it was doing okay, but now the sales are dropping. I've found that it is really difficult to advertise in this niche, so I was hoping make you could give me some tips on how to get the website more exposure. [link] [comments]  |
| How I've managed to learn to code and build small Side Project Posted: 02 Jul 2018 01:27 PM PDT Hey there. Just wanted to share how it all began. From a simple idea and personal need to a working product, I've built on my own, without technical experience. I wrote an article on Medium: https://medium.com/@morcek_m/how-ive-managed-to-build-digital-product-as-a-designer-abac0ac3e9ac The product is now over a month "old" and gaining users every day! [link] [comments]  |
| Building the Safety Net First? Posted: 02 Jul 2018 01:23 PM PDT So basically, I'm 22 and come from a really poor background. I really want to try entrepreneurship but I also want to pay it forward to my mom whose supported me all this way. (Don't want her to die then I'm like whup kinda deal). So pursue entrepreneurship and risk not making any money at all or until 40s-60s or establish a safety net and put my family in a comfortable position then start a business? [link] [comments]  |
| Looking for recommendations on SEO help for photography business Posted: 02 Jul 2018 01:07 PM PDT The title pretty much says it all. I'm a solo entrepreneur looking for SEO help on my website. Ideally someone to get everything set up and walk me through upkeep. Who do you recommend? Feel free to PM me as well. [link] [comments]  |
| Posted: 02 Jul 2018 01:00 PM PDT Happy Canada day! I'm a 16 year old from Ontario starting a business aimed in helping small local restaurants and mom and pop shops market and grow through social media such as Facebook ads, pages, websites, Instagram, Youtube and Google Maps and was wondering if I should sit down and visualize my business working and bringing tons of customers to my clients.. I've done a lot of reading on visualization because it has helped me to achieve a lot of things - from acing tests in class to nailing an interview to get accepted into an aircraft maintenance summer camp with cadets.. But there's a lot of times that I become lazy, unmotivated and just feel "good" because the brain releases dopamine and other feel good chemicals because it really believes that the success is real... but then I look at entrepreneurs like Elon Musk and even self help people like ModernHealthMonk and all of them say they have a "vision" or visualize.. So maybe a better question should be is what should a "vision" for your life, business or relationships be? How should it be thought out? Thanks for the help. [link] [comments]  |
| Premium Domains and Conversion Rates Posted: 02 Jul 2018 12:11 PM PDT Has anyone here purchased a premium domain and what were the results on conv rates? I have a few friends who have done it and have had it work really well but I want more data points! [link] [comments]  |
| Need advice starting a contracting and inspection company Posted: 02 Jul 2018 12:06 PM PDT Hey everyone, I'm having a slight crisis of confidence with starting my own handyman and inspection service. [link] [comments]  |
| If the launch is bust is the product tainted? Posted: 02 Jul 2018 12:00 PM PDT I've been in business (small side business) since roughly October, 2016 and I've always just released products as I finished them. Some were hits and some were misses. I've made all the classic marketing blunders. Number one being failing to explain what the product is and why someone would need it. Sadly, customers aren't in my head. Most of my sales are because of word-of-mouth and a few highly vocal satisfied customers. I'm launching something new in August and this is the first time I developed a marketing plan and its nerve wracking how much stuff there is to do. I think it'll help maker a bigger splash but I'm interested to see if this product outperforms my other ones over time. My only real question is whether or not the initial marketing push is essential to long term success??? Can it hurt the product if done poorly? Like, if a launch flops is the product dead or can you just revert to your normal word-of-mouth efforts unscathed. [link] [comments]  |
| Posted: 02 Jul 2018 11:58 AM PDT Please share your thoughts on the below. I've been having these problems for many years:
This year I'm going in reverse. Still have about 10 ideas, some are 80-90% done projects (marketing and website needed). I've decided on a new approach:
What do you think of this new approach? Pros and cons? Side note: The first project is 99% ready: Wkitt.com. Just awaiting updated legal documents to open doors and minimal tweaks to the site, but otherwise it's all functional already. TIA [link] [comments]  |
| Posted: 01 Jul 2018 09:48 PM PDT Hey y'all, currently been thinking of running 2 business and wanted to hear if anyone has experience in either business. I live in an extremely warm climate and always struggle being able to exercise my dog outside because of the heat. I did some research in my local area to realize there are no indoor dog parks or anything of that sort around here, and wanted some opinions on the thoughts of that potential business! Also been looking into the gourmet popcorn business due to incredible margins and would love to hear anyone in that niche that has has success and/or failure! I know both ideas are very different but I appreciate any advice or knowledge! Thanks everyone! [link] [comments]  |
| Posted: 02 Jul 2018 11:07 AM PDT Hey r/Entrepreneur , I am looking for some advice on what I should do with my Instagram account @Founders. I tried selling it to a few companies with that name, but none were interested. I think the name is extremely marketable and could grow quickly. I was thinking of maybe making a podcast or something named Founders? Any ideas would be appreciated. Thanks. [link] [comments]  |
| Running a Crowdfunding Campaign Posted: 02 Jul 2018 10:32 AM PDT So do you guys believe in the ability of crowdfunding or how would you go about raising money for something you're working on or need funding for? Would you use some other type of service? Would you market yourself through some outside source? How would you go about it yourself and what are some of these sources you would use? [link] [comments]  |
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