What do you tell yourself on the shitty days to keep progressing? small business |
- What do you tell yourself on the shitty days to keep progressing?
- Looking for advice about my current IP licensing agreement
- Where to register my LLC?
- If I buy a business plane ticket with credit card points, can I still claim the ticket price as a deduction?
- Do I need an LLC for small eCommerce goods business?
- Need help starting a drywall taping and texturing business in Utah
- Have been using Quickbooks 2014, is there something better/easier?
- Want to setup basic site with credit card or paypal checkout
- Is FBA worth it?
- I gave amazon FBA a shot and it worked.
- Web applications in small business world?
- How to politely get more information from a potential customer?
- Significant other is looking to open up a dog cafe in the distant future. We are looking for any advice related to dog cafe start-ups or starting a new business in general.
- Differentiate from competitors on social media
- Credit score question
- I'm trying to set up an Anonymous Hotline. Please help.
- Have You Heard of Waze Local for SMB?
- Is it easy to request the terms of the lease agreement from a landlord if you've lost your copy?
- Recommended money management apps??
| What do you tell yourself on the shitty days to keep progressing? Posted: 06 Jul 2018 02:26 PM PDT How do you know if you're doing a good job with your own business? I've been running my store for about 8 months. It's growing well. I just don't think I am "owner" material. I don't feel unique. I don't feel smart. I don't feel like I am making an impact. I don't feel like I know what I am doing. I feel like I am stuck. I feel like it's been such a short amount of time but I am already losing patience with how absurd people can be. What do you tell yourself on the shitty days to keep yourself progressing? [link] [comments]  | ||
| Looking for advice about my current IP licensing agreement Posted: 06 Jul 2018 07:37 AM PDT Here is the backstory. Moved out to help my father that had a stroke. He had a little hole in the wall sandwich shop, in a great location (rents the location). The sandwiches are as good of a sandwich I have ever had. It was struggling, and I worked a ton of hours for the first 4/5 years. My father hadn't paid taxes, botched numbers, paid employees cash, was FILTHY etc. etc. I eventually bought the shop downtown from him. Business steadily picked up once I was in charge (much cleaner, consistent and friendlier staff is the main difference) and after about 6 years he decides we should get second shop. He pays for the build-out (which he completely overpaid-but I am thankful regardless). About 4 years into the new shop I start getting burnt out. The original location is struggling, he is still "helping" me out down there and just making things more difficult, but too stubburn/clueless to see he is the issue. Finally, it gets to the point where he agrees it needs to close down (not because of him, it's the competition around, and parking, of course). Instead of closing down, I contact a former jimmy johns manager, and pizza hut manager (we'll call him Mr. J). I tell him about the situation, he knows the potential of the sandwich shop and we decide that he will purchase the shop from me. I contact my lawyer, and he draws up an IP (intellectual property) agreement, to where Mr. J purchases the equipment for 40k-paid off over 10 years in payments (this avoids me being responsible for equiptment repairs). On top of the 40K payments Mr. J will owe me 5% gross sales. According to my lawyer, the fees to legit franchise the shop are upwards to 40K+ just for the paperwork-so he decided an IP lease and personal guarantee was a better route (I explain the terms a bit more in a bit) After a TON of lawyer fees, the original location is off my hands. Mr. J starts marketing hard, organizes deliveries and makes it more structured ( I am not as organized as Mr J with numbers). He gets the downtown location killing it. My dad is out of the picture (he gets all of Mr. J's payments). This whole time I have been running the second shop that is just barely staying afloat. The original plan was for Mr. J to pay off the 40K equiptment, then get 49% of my LLC and I get 49% of the original location back. I am burnt out at this point. And the manager of the new location offers the same deal that Mr. J got, for the new location. We agree to 40K equipment and 5% gross sales. My lawyer draws up something similar, and we signed the paperwork. I am now completely not responsible for the shops, in about 7K of debt for lawyer fees, and have to wait 6 months to accept any payment from the newer shop to avoid being considered a "franchise". The new store owner (Ill call him Mr. B) is trustworthy, but not super hard working, and likes to party and drink. My debates are... 1: should I let Mr. J partner with my LLC?, 2:should I let both Mr. J and Mr. B join my LLC? 3: Should I keep the current agreement? Mr. J wants to still do the original agreement where once the equipment is paid off he gets 49% of my LLC (now the second locations 5% would be included in that) and I get back part of downtown. Under my current agreement, after 10 years we have to re-negotiate the terms. So I have a locked in 10 years lease, and they signed non compete clauses for 2 years after the agreement is over-thus basically locking me into a similar contract or better for me, or I can get the shops back. My hesitation with Mr. J is that I do not want to be associated financially with someone so terrible with money. Keeping Mr. B around and included into the LLC might be a way for me to keep Mr. J financially responsible (could give them separate responsibilities for the LLC merge) My goal is to have minimal responsibilities, and only be the final say of any issue. I have all the recipes recorded, so nothing really needs to change other than getting our word out, and eventually changing our name. What would you do? Mr. J is EXCELLENT at bringing sales up, and keeping things running smoothly-but he is HORRIBLE with his money. The first few months he just didn't pay his taxes and has taken a loan out to cover the taxes. He spends the money he makes like crazy-record month after month and he blows the money on his wife, and toys both personal and business. I am thinking I give Mr. J and Mr. B a price to buy into my LLC, and then they have a percentage of all shops incomes? Then we can venture forward and actually create a legit franchise and branch out. If this were the case I need to know how much to ask for each of them, and what percentage they get. I am willing to answer questions about anything, thanks for reading. Look forward to and appreciate any advice! [link] [comments]  | ||
| Posted: 06 Jul 2018 11:15 PM PDT I currently have two properties in two separate states, and spend time bouncing between the two. All of the work is usually done on a laptop (making music for people, receiving their own music and engineering it, etc) I sometimes, though very rarely, will have a recording session at either of the two locations, or sometimes, randomly in another state if I happen to be in that state and a client is in need of a session. Should I just register under the state that is on my driver's license? I'm pretty new to this and doing business mostly online and with clients from quite literally anywhere just confuses me a bit. [link] [comments]  | ||
| Posted: 06 Jul 2018 10:51 PM PDT If not I can just pay in cash and use the points on something non-work related. New to my own business and doing taxes for it [link] [comments]  | ||
| Do I need an LLC for small eCommerce goods business? Posted: 06 Jul 2018 10:28 PM PDT I would like to start an eCommerce business that sells candy and baked goods. In AZ I know that I can be covered under the cottage laws but that would limit my clientele to only within my state and I would like to sell my goods nationwide. Throughout my research, I found that I will need to obtain a food handlers permit and rent a commercialized kitchen space to prepare/package my items within FDA regulations. I'm currently stuck on how I should go about registering my business to ensure I'm setting myself up for success. I found an option to purchase an AZ business license but then came across a few sites that suggested a Single-Member LLC to protect my personal assets in the event someone tries to sue my business. Which one do you suggest and am I also missing something when it comes to selling online edible goods? [link] [comments]  | ||
| Need help starting a drywall taping and texturing business in Utah Posted: 06 Jul 2018 02:33 PM PDT My fiancee is looking to start his own taping and texturing business and I have been getting a lot of different information from people about how to start. First, we had planned to get him his handymans license and to do that we have to have liability insurance so I was planning on getting that. Before I did that though a friend of ours who has somewhat successfully started his own handyman company said we should just get a DBA instead and that we need a separate bank account and just need to 1099 all of the jobs. He was still unsure how to "pay yourself" from that though. Then my boss who started his own food truck said that we can't start a DBA until we are a registered business already, but I thought that that is what a DBA was. I'm just very confused on how to get the ball rolling and how to do it all legally so that we don't get screwed on not paying our taxes or documenting income appropriately. If anyone could help me or point me in the right direction that would be unbelievably helpful. [link] [comments]  | ||
| Have been using Quickbooks 2014, is there something better/easier? Posted: 06 Jul 2018 10:55 AM PDT We started using Quickbooks 10 years ago and have stuck with it since then but I'm wondering if there's something better/easier I could be using for my needs. We have an actual accounting firm that files our taxes and handles our permits & licenses, but a lot of their year-end tax info comes from me and the P&L statements I make from Quickbooks. Mostly, I enter and pay our invoices, enter and reconcile bank and credit card info, enter the payroll info I get from our payroll company and enter the daily sales from our POS to create all of our deposits. I'm currently doing all this by hand though and not using any online importing of banks or credit cards. I used to use online banking through Quickbooks but am not sure at this point why I don't anymore. Would a newer version of Quickbooks let me automate all the manual entry I'm doing and also import daily sales from my POS? Or would a different accounting package let me do that? I would be adopting any new changes at both of the restaurants that we own. They're separate LLCs with independent banking/credit cards. Thanks for any help. [link] [comments]  | ||
| Want to setup basic site with credit card or paypal checkout Posted: 06 Jul 2018 07:14 PM PDT I'm looking to set up a very basic site, just maybe 2 or 3 pages. I've done some light site creation before for personal projects, so I can manage that ok. I'm also wondering how do you integrate a cart and payment system? I won't need but about 6 different products to be selectable. What's the easiest or cheapest way to allow customers to pay online? A Wix website is more than enough for my needs I believe. Looking around I just noticed Wix has payments incorporated in their sites already. What about if I was thinking about making my own dedicated page, like using iPage? [link] [comments]  | ||
| Posted: 06 Jul 2018 08:06 AM PDT We are adding our product onto Amazon and I'm a little confused by FBA. I'm having a hard time deciding if it's worth the extra cost involved. Anyone with any experience? [link] [comments]  | ||
| I gave amazon FBA a shot and it worked. Posted: 06 Jul 2018 03:41 PM PDT Hello everyone! My name is Danny Perez and I'm honored to be able to connect with you guys and share experiences. I'm sure all of you guys have heard of amazon fba. I was extremely skeptical of this business model but always interested. It was a ton of work and research but made the decision to give it an honest shot and it's been a great thing for me and my wife. I was able to generate 12k in revenue in 2 months at a 53% profit margin. I really just want to offer myself to anyone who's ever been interested in the business model and has any questions. Hope everyone has a wonderful day! Much love, Danny [link] [comments]  | ||
| Web applications in small business world? Posted: 06 Jul 2018 02:02 PM PDT Hi, I'm wondering if small businesses have any needs for services like mine (web apps, but not the wordpress websites or online stores). Do you have work which can/should be automated? I'm still learning where my services could be needed so every advice is appreciated. [link] [comments]  | ||
| How to politely get more information from a potential customer? Posted: 06 Jul 2018 12:46 PM PDT I own a small, engineering design business. So far, most of my business has been selling a product and doing design work for a well known client. I have a new, potential client who is extremely vague. He isn't an engineer, but he has engineers on staff. When I have requested details on his requirements, he sends more bullet points but with no new information. Clearly the issue is that he doesn't understand the type of information I need. Since I'm new and really an engineer at heart, I'm not certain on how to communicate the problem to a non-technical person. What are the types of probing questions I can ask? Is there a way to politely ask for requirements from an engineer (I'm afraid he'd think I'm ignoring him or stepping over him)? The only questions I can think to ask so far sound rude to me, so I must not be thinking about this problem the right way. [link] [comments]  | ||
| Posted: 06 Jul 2018 11:19 AM PDT | ||
| Differentiate from competitors on social media Posted: 06 Jul 2018 10:25 AM PDT Small business here and so similar small business competitors. No brands involved . Products selling are completely homogeneous so unlikely both sides have difference in their products. So how i get ahead of my competitors? They have a headstart already with greater presence on social media. Whereas i am just starting. I talking mainly instagram. Any precise tips? Or is it just a waiting game where i have to simply be persistent? [link] [comments]  | ||
| Posted: 06 Jul 2018 09:58 AM PDT I'm trying to lease a computer and the company says you're approved straight away if your credit score is above 50%. Do businesses start with a high credit score, or do I need to build it up? [link] [comments]  | ||
| I'm trying to set up an Anonymous Hotline. Please help. Posted: 06 Jul 2018 11:55 AM PDT
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| Have You Heard of Waze Local for SMB? Posted: 06 Jul 2018 07:35 AM PDT I work with Waze Local team and I can help answer any questions as well getting you set up with Waze Local. I can be reached HHawkes(@)Google.com [link] [comments]  | ||
| Is it easy to request the terms of the lease agreement from a landlord if you've lost your copy? Posted: 06 Jul 2018 05:50 AM PDT My uncle has been renting a store that he uses as a gift shop. He's been there since 2005. However due to rising rents he might vacate. He renewed the lease in 2015, however his lawyer requests the 2005 original lease. He no longer has the 2005 original lease. Will the landlord have a copy and if they ask what should he say? [link] [comments]  | ||
| Recommended money management apps?? Posted: 06 Jul 2018 05:44 AM PDT I recently just went self employed and started my own business in the UK and I'm sure there must be an app or program out there where you can manage all your invoices and payments. We have been using invoice2go which is great but I want to be able to add outgoings as well. I'm currently writing this all down the old fashion way with a calculater! Any info I should be aware of with a new business would be really appreciated! [link] [comments]  |
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