Wantrepreneur Wednesday! - (October 31, 2018) Entrepreneur |
- Wantrepreneur Wednesday! - (October 31, 2018)
- How to get over imposter syndrome?
- Next week I start renovating the laundromats I bought this month.
- Interesting Business Idea
- Favorite CRM?
- Making it through Q4
- [Feedback Request] A web app for ranking coding tutorials and coding news
- How do you overcome not having the "street smarts" when having a business?
- I came up with an idea and I've researched it enough to make me confident that it could be successful. Now what?
- engagement pods in Instagram
- When should you say yes, and when should you say no?
- Idea: a "Patreon" for advancing causes of humanity
- How to come up with the "Next Big Thing"? 6 bullet-proof methods that will help you come up with a good startup idea
- Track rank of thousands of keywords in SERPs using this tool - [Feedback and Suggestions Wanted]
- I'm building an industry research dashboard. What industry metrics and KPIs do/would you look for in market research?
- Do you consider yourself a difficult person to have as a employee?
- Hey everyone, we are a group of three student entrepreneurs in Norway and we were wondering how to get in contact with manufacturers/factories in US or china to produce our product? Thanks in advance!
- Have you used political content to help your business?
- How to get customers to trust your new e-commerce site?
- Woocommerce doing 30% off everything for Halloween
- Ecomm Customer Asking for Two Invoices for Each Half of Two Unit Product. Accessory to Tax Fraud?
- I want to start company on importing security systems(like webcams, sensors) . Please help!!!!
- What are some examples of prominent businesses that started as a graduate school research project or while in a PhD program?
- Just launched my first store! Help!
- I came up with the perfect name for my company. The problem is the domain is unavailable. What are my best alternatives?
| Wantrepreneur Wednesday! - (October 31, 2018) Posted: 31 Oct 2018 06:05 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. [link] [comments]  |
| How to get over imposter syndrome? Posted: 31 Oct 2018 09:09 AM PDT I have imposter syndrome to a MAJOR extent. I am a freelance software developer, have been doing it for many years (mostly at companies, before I went freelance) - I wouldn't say I'm the next Linus Torvalds, but I'm at least adequate at what I do and have a history of successful delivery. I have worked on big government and enterprise projects (as part of a previous company) I have been massively, massively undercharging clients (sometimes between $25-30/hr or even less with the free time I give them) - even below what my old rate was at my job. I also frequently work a decent chunk of hours for free, as I don't want to send them big bills. I've been surviving, but not really thriving - it has led to me having liquidity issues twice (nearly went broke), which I have gotten through. Anyway, my new issue is that I've got a very hot lead that wants me to sign a contract. I know, for actual fact, that his previous developer charged him $300k over a period of 6 months (and hired eastern europeans to do the actual work...). I am struggling sending him an estimate for 35k-65k for the next 2 to 2.5 months. Like, I know I CAN charge that - he probably expects a bill in that range or maybe even higher and that is actually a fairly cheap rate for the skills he wants me to use (iOS development). I am also capable of delivering the product that he wants. How do I get over this hump? How do I convince myself I am worth this rate? I have about 7-8 years of development experience (only about a year of iOS specific experience though). However I grew up extremely poor, where $12/hr was a lot to my family growing up. Whether there was enough to eat or whether the utilities would get turned off was an open question. The problem mostly seems to be psychological here - I feel that clients will be upset, or angry at my ridiculously high rates or bills (which has never happened). And all it seems to do is lock me in with clients that want to pay basically nothing. I am sitting here wanting to send him these numbers, but they just seem ridiculously high for me. Another client I do similar work for (and have been quite busy), I've charged them maybe 20k for the entire year. How do I get myself out of this mental head space? [link] [comments]  |
| Next week I start renovating the laundromats I bought this month. Posted: 31 Oct 2018 11:33 AM PDT I plan on doing videos of the entire process and post them on youtube. In July I offered to buy two very run down laundromats with two attached apartments where I live. Total purchase price was a princely sum of $50,000 for everything. I obtained private financing for aquisition + $30k for rehab capital in order to get them up and running. Both locations were/are full of old machines, some work, some do not. Location #1 - Very small town of 1,500 with approximately 12,000. No laundromats within 10+ miles of town. Location #2 - Town of 23,000, approximately 13 miles from location #1, there are 4 laundromats in town , only one of them is nice, the rest look like drug houses. This location also has two apartments. At one time, location #1 made ~$1,500 net income after everyone got paid, location #2 was around $3,500 or so. Gross sales were approximately 2x of net. The owner essentially closed both down and walked away when a family member died a little over a year ago. Both had 20+ year old equipment in them, approximately half of the equipment was broken. My intention is to fully renovate both places (At least make them look nice, the mechanicals right now are in good shape). Combine all working equipment to location #1, have all units refurbished and professionally repainted so even though they're old units, they will 'look' much newer. Additionally my goal is to supplement both locations with ancillary revenue - Since both are in very busy locations I will install indoor/outdoor vending, laundry products and potentially off-site washing laundry services for businesses. I also run one of the largest social media pages in my area on Facebook, of which will be constantly promoting both businesses for laundry services. One of the shocking things I encountered was a outside vendor who services/supplies laundromats telling me that the demographics said Location #1 should be bringing in gross revenues of $6,000-$7,000 per month while location #1 should be $12,000-$15,000 per month. This would improve my net numbers severely. Anyways I thought I'd share the story on this as I start, in case there's things that you guys would be interested in seeing dealing with offline, brick & mortar businesses. [link] [comments]  |
| Posted: 31 Oct 2018 12:38 PM PDT Bridging the gap between tech-savvy millennials and seniors. After voluntarily teaching a retired woman how to use her Macbook Pro and iPhone to both FaceTime her daughter (who lives 10 hours away) and upload photos to Google's cloud, she suggested I start charging others for this. It was in home consulting and I made sure she knew exactly what she was doing. I talked to a family member who said "you should charge people like 60-70 buck an hour or less for groups." Instantly my Entrepreneur brain starts wrapping my head around this. Being a millennial myself, tech comes easy. With a lot of seniors getting vehicles with tech built in as well as smartphone that they don't know how to use, the market demand seems like it is there. There's also no big players in the space. Pricing: 60/hr for one on one in home sessions plus 5-10 minute followup call. 25/hr for groups of 3-6 people. 15/hr for presentations (via join.me or skype) with a specified topic of discussion. Scalability: Hiring millennials at 15-18 bucks an hour as IC's to teach. Thoughts? Edit 1: Also, I could offer a free first hour to get seniors in the door. [link] [comments]  |
| Posted: 31 Oct 2018 08:08 AM PDT Woke up today realizing I need to get my shit together. I started a few new email campaigns, and trying to manually remember all the leads and when to follow up is.. well, it's kicking my ass. Ideally the CRM is easy and straight forward, with a touch of a "to do list" implemented? Thanks ! [link] [comments]  |
| Posted: 31 Oct 2018 01:39 PM PDT I've noticed that Q4 tends to be a _really_ hard quarter for a lot of entrepreneurs, especially those who are freelance creatives. Does anyone have tips and ideas (specific to a developer would be nice but not required) on how a fledgling entrepreneur can survive? [link] [comments]  |
| [Feedback Request] A web app for ranking coding tutorials and coding news Posted: 31 Oct 2018 11:20 AM PDT I became into software development from a different field in my 20's, and it has been a passion of mine to help others learn to code. I've created a website gitconnected.com that offers coding news submitted by developers and coding tutorials ranked by developers. My goal is to offer a single location where software engineers can stay up to date on the latest news or give them a single source of truth to find courses for any programming language or framework that they are trying to learn. Any feedback, criticism, or support is very helpful. Tutorials: https://gitconnected.com/learn News: https://gitconnected.com [link] [comments]  |
| How do you overcome not having the "street smarts" when having a business? Posted: 31 Oct 2018 11:07 AM PDT I have a decent product, good prices but don't have that hustler attitude, that Saul Goodman mentality going on? I'm not a chump but I sometimes struggle to convince a potential buyer to get my service instead of someone else's even though the prices are relatively similar? Thanks! [link] [comments]  |
| Posted: 31 Oct 2018 10:59 AM PDT Do I need to file for LLC, get a business license, etc. immediately? Or do I build the website, create the product, start selling and then only take those legal steps if the business goes anywhere? [link] [comments]  |
| Posted: 31 Oct 2018 03:35 AM PDT What is your thoughts on this? I'm really tight on budget and can't hire a social marketing guy. do you have any experience with this? [link] [comments]  |
| When should you say yes, and when should you say no? Posted: 31 Oct 2018 09:18 AM PDT Just came across this article on Entrepreneur magazine on saying no to be more successful (worth a read). I've been thinking a lot about conflicting advice we entrepreneurs get:
A part of me feels these 3 have so many opportunities, they need to say no. But I also wonder what I could be missing because I'm saying 'yes' to too many good things, which effectively means saying 'no' to great things. What have you found helpful to know when to say yes because it's necessary, and when to say no to allow for better opportunities and to keep focused? [link] [comments]  |
| Idea: a "Patreon" for advancing causes of humanity Posted: 31 Oct 2018 08:59 AM PDT Not sure if this already exists or is a bad idea, but this idea came to me last night. Idea A site that's like a Patreon for non-profit, totally transparent organizations to be funded by citizens to tackle projects that will advance humanity (ie. Green orgs to battle climate change; health orgs, like for cancer research; biometrics orgs for cyborg type shit; etc.). Model As a supporter, you'd get something in return. Perhaps simply reports on advancements; maybe more. Up to the individual organizations. The platform would likely be a non-profit and generate funds by skimming a % of donations (think 1 - 10%, depending on level of involvement...e.g. if the platform wanted to audit organizations to ensure transparency, that would require a good amount of funding). The Market I think people would be more prone to support orgs that have market promise within 5-10 years and are near to their heart (ideal donor is when there's a cure around the corner for a disease that runs in someone's family - highly motivated). Reputation Organizations could have reviews. Patents Something that prevents patenting and actually requires open transparency of the entire company. Goal The goal is to use these organizations as seeds for the larger market to then take over. Social Element People love showing how benevolent they are. People would have their own profile page which shows their contributions. Also helps apply public pressure to public figures, celebrities, etc. Maybe allow celebrities (or anyone) to create their own "mixes" or recipes, which are their favourite orgs that reflect their values (people can just apply a recipe/mix to their monthly $ which divides it up accordingly). Costs Administrative/Legal (screening applications from organizations). Technical (web/app development). Marketing (growth). This idea really speaks to my inner libertarian. If a platform like this could guarantee a certain level of transparency and ease-of-use, I think people would actually give $ to their pet causes. [link] [comments]  |
| Posted: 30 Oct 2018 05:21 PM PDT Have you ever thought about a company and been like "OMG if only I would have had the idea for Instagram... or Reddit... or Starbucks..."? You want to start your own company but don't know how to come up with a good startup idea? [DISCLAIMER: business ideas are worth nothing without execution. In the end, it's about the work you put into your company not the idea... but anyway, you need to start somewhere] I found six bullet-proof methods to think about new startup ideas: 🚀 1) Look at trends in other markets 🚀 Spoiler: MANY of them are in HR, payroll, taxes, accounting, and finance (access to capital for companies and individuals) 🚀 2) Identify emerging technologies and build solutions for them. E.g. cryptocurrencies, the blockchain, AI, etc There's many new technologies on the rise right now. You don't have to be the first to invent them. Sometimes, it's enough to join the game and just do it better. Are you an expert on these topics? Go and become the second-mover! 🚀 3) Ancillary services The same is true with emerging technologies: Cannabis >>> dispensaries Bitcoin >>> "Antminer" computers (Bitmain the company that makes the specialized computers required for mining bitcoin just filed for one of the largest IPOs in the world (18 billion USD) and makes more money than most direct investors in Bitcoin....) 🚀4) Always disrupt the middle-man Real estate brokers, financial brokers, headhunters, purchasing agents, tourism agencies, booking agents, etc etc Why let somebody make a cut when you can connect the consumer with the provider directly through technology (and make a new kind of middle-man or sell ads) 🚀5) New upstarts in an old industry 🚀6) Look at Y-Combinator's request for startups All of these prompts can help you brainstorm new ideas! I already thought about DOZENS with this system. Do you have another method for brainstorming startup ideas? [link] [comments]  |
| Track rank of thousands of keywords in SERPs using this tool - [Feedback and Suggestions Wanted] Posted: 31 Oct 2018 08:19 AM PDT Hello folks, I've just launched a rank tracking tool https://rankz.io/ and I wanted to know your suggestions for making it better. Here are some of the features:
It's FREE at the moment, give it a try and share your feedback. [link] [comments]  |
| Posted: 31 Oct 2018 08:02 AM PDT I'm trying to build my portfolio as a data scientist/researcher and I'd like to start by doing some industry research for entrepreneurs looking to break into a new industry, and for small businesses looking to grow. I'd love any direction you have about what KPIs and metrics you would want if you saw a dashboard posted to /r/dataisbeautiful centered around your industry or target market. [link] [comments]  |
| Do you consider yourself a difficult person to have as a employee? Posted: 31 Oct 2018 07:53 AM PDT The more I research and read forms I notice a common theme. Being your own boss seems to be the most popular reason people pursue self employment. From my experience as a staff accountant in tax working with hundreds of business owners, the owners have a major disconnect from interpersonal skills and however successful or unsuccessful that person would never make it working for someone else. They are too difficult. Too opinionated, problems with authority and feeling attacked. Something self employment faces in different ways. You don't like my services or product then fuck you... vs you don't like me fuck off I dont need this job. It seems to be a repetitive personality type I've noticed in the last 15 years. What's your experience? [link] [comments]  |
| Posted: 31 Oct 2018 07:48 AM PDT |
| Have you used political content to help your business? Posted: 31 Oct 2018 06:43 AM PDT Has taking a side in the political spectrum helped your business? What are the risks or rewards of posting partisan content online as your business? How do you post political content? Did you do it for any particular reason? I'm researching stories for a blog post and I'd love to hear peoples input. [link] [comments]  |
| How to get customers to trust your new e-commerce site? Posted: 31 Oct 2018 12:41 AM PDT I have a website where people can place orders, then I provide a service. But it's understandible that users would be wary of sending their money to a small, simple website they've never heard of. I'm considering offering discounts for new users, until I build up some word of mouth. Also I will try to make the website look as non-suspicious as possible, but that's very subjective. Not sure what else I can do. [link] [comments]  |
| Woocommerce doing 30% off everything for Halloween Posted: 31 Oct 2018 06:26 AM PDT I am not affiliated with them but was pretty stoked about it and wanted to share. [link] [comments]  |
| Ecomm Customer Asking for Two Invoices for Each Half of Two Unit Product. Accessory to Tax Fraud? Posted: 31 Oct 2018 10:08 AM PDT There are two units of a matched pair that I have sold to a Canadian customer who lives on the US border. She wants to bring the individual halves over the border one at a time so as not to pay higher tax. She is not asking me to falsify any information. Rather she is asking me to create two sets of paperwork for the same transaction amount but for the two halves equally. I want to accommodate this customer's wishes but I don't want to be an accessory to tax fraud. We really cannot afford to lawyer up to deal with any shenanigans if things go south on this. Thoughts? [link] [comments]  |
| I want to start company on importing security systems(like webcams, sensors) . Please help!!!! Posted: 31 Oct 2018 04:51 AM PDT I am from Nepal and recently I am planning to import security systems from China and sell in Nepal. Since I have zero experience in business sector and a little knowledge on security system, I need some advice for this. Also, it would be very helpful to know the related techs on these security systems. [link] [comments]  |
| Posted: 31 Oct 2018 04:18 AM PDT |
| Just launched my first store! Help! Posted: 31 Oct 2018 03:58 AM PDT Hi everyone My mate and I have just started our first online store and launched it today. We sell a bunch of humorous Christmas apparel! Where looking to make our first sale. Can anyone give some tips and tricks of what would be the best way of getting traffic to the store? Should we start with FB, Insta, bloggers etc? We have done some research but there are a lot of conflicting views on where to start. Any feedback on the site would be greatly appreciated. [link] [comments]  |
| Posted: 31 Oct 2018 03:16 AM PDT AwesomeDomain.com is taken. I could go with Awesome-Domain.com but in my experience hyphens scream "spam" to me. AwesomeDomain.org is available as is AwesomeDomain.co and AwesomeDomain.us. The final option would be to do something like AwesomeDomainHQ.com or something similar. If my business takes off I could eventually buy AwesomeDomain.com. Until then I'm stuck. Which is my best option? [link] [comments]  |
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