- Help. My father passed away leaving his business to my sibling and I. Unfortunately,it will be either sold or closing soon. I am 49% owner and I have no idea what/what not I'm entitled too. Can this happen w/o my signature?
- Valuing an Apple Orchard
- How to market your online store
- Suggest a unique name for my cake shop business - my cakes are rated as one of the best on Zomato. So need new name for the brand.
- Free Professional Business Name Review For 3 New Businesses
- How to discipline employee?
- How to create a rabid fan base? Gaining prospects beyond SEO.
- How do I start using chatbots on my website?
- I was just accepted for a $22,500 loan at 12% interest rate to buy a truck for my business. Should I accept or keep looking?
- Online clothing store startup general help
- Ooma, Vonage, or another service
- Business Personal Property Taxes?
- Hand written notes or fliers better ?
- Recommendations for security cameras.
- Please Help Me With A School Project
- Multi-brand support/management help!
- Wix good for web shop integration?
- Hi all! Looking for a low cost (or ‘free’) business phone and texting service to share between two partners. Would be great if the solution could integrate with the iOS messaging app and iCloud apps in general. Any ideas or suggestions from others who have had to solve this before? Thanks!
- Hosting client videos on YT... Professional?
- Sales and marketing dilemma. Damn commissions.
| Posted: 23 Nov 2018 06:41 PM PST We are partners. I am 49% owner, making my sibling the controlling partner. I unfortunately do not understand much when it comes to business, my sibling had multiple business' and I'd consider them quite aggressive. If it sells an I entitled to 49% profit? If it closes, are there dividends or something within the company if be entitled to? I don't think they would do me wrong, but I need to cover my butt. We share a family lawyer as well and sometimes I feel as if the lawyer is working for him and not us. Also, with the sale/closing of the business, I am out of a career that I've been at since I was young. I have no college education, as I walked away to work at the family business. I'm scared, I have no idea who to turn too and am looking for any help or understanding. If there is a more appropriate places to post this, please inform me. Edit: I should mention that it's not exactly a small business. At a time it was a multi million dollar business. I have to embarrassingly admit I know nothing of the financial specifics of the Co. now. My sibling has never offered to share any of this info with me nor has our accountant. I'll also add that I still receive a paycheck, the exact same amount I was getting when my father was alive. I could probably count on 2 hands the amount of times I have been to work in the past 6 years. I used to work side by side with him and it's been nearly impossible to get myself to go there, let alone out of my house. I don't understand where his salary went, but I would've expected to recieve part of it. I've dealt with mental issues most of my adult life; severe anxiety, PTSD, and insomnia. Losing my father has taken a serious toll on me to the point of me not functioning. (I understand that's not good, don't remind me let's just stick to the business part) Edit 2: Thank you for all the replies. I can't thank you enough. It really gives me an idea of where to start and what kind of questions I should be asking and whom I should be asking. [link] [comments]  |
| Posted: 23 Nov 2018 07:08 AM PST My buddy and I are looking to take our savings and buy an Apple Orchard! Backstory: My buddy had worked on this apple orchard growing up for 10+ years throughout HS, college, grad school but then got an office job. Well, the owner is looking to retire and wants to sell the farm and my buddy, being sick of working in an office, would like to get back to working on a farm and thinks its a great opportunity. The apple orchard has been profitable as long as we've known. Now: My buddy and I want to buy this farm -- he would live on the farm and run the operations, I am just helping with the initial investment (we would have to draft up a partnership agreement -- whole another deal). We got all of the numbers for the farm for the past 5 years but are still figuring out how to value the entire thing (land, buildings, equipment, business, etc.) My thought process is to value and sum up: - Business: What multiple should I put on the profit (average last 5 years)? - Land and Trees: 40 acres - Buildings and equipment Hoping there were some people out there with experience valuing apple orchards and could help us out! EDIT 11/23/2018 12:18 pm EST: The majority of revenue for this business is U-Pick! Leftovers are then sold wholesale. Looking into also making cider. [link] [comments]  |
| How to market your online store Posted: 23 Nov 2018 01:28 PM PST Hi r/smallbusiness! I know I'm showing up with one of the most 101 questions on the planet, but I just started my company. Thank you in advance for taking the time to give a newbie advice! I'm an illustrator and graphic designer, and I just started an online store with my work on clothing (tee shirts, tanks, sweatshirts, toddler/baby stuff), home goods (throw pillows, tea towels), and decor (framed, canvas, and metal prints, posters). I've had a fair number of customers just from people I know and word-of-mouth, and everyone seems to really like the products, so I'm happy on that side. Where I'm struggling is how to market to the world at large. With roughly three gazillion small online stores out there, I feel like I'm staring into the abyss a little bit. Short of getting extremely lucky and having something go viral, I don't know how to get my store in front of as many people as I need to. At my margins, I need to sell at least 100 pieces per month. Assuming a conversion rate of 2%, that means I need to get around 5,000 people to my website every month. I'm wondering if the only way to accomplish this is to just dump a ton of money into advertising, at least in the beginning while I'm growing my customer base. Should I just stick to social media advertising? Or are there other avenues I should be exploring at this stage? I've also considered reaching out to influencers, through Instagram/YouTube/blogs, to see if I can send them products in exchange for reviews. But honestly, I'm such a fish out of water here that nothing feels like the "right" way to go. [link] [comments]  |
| Posted: 24 Nov 2018 04:00 AM PST |
| Free Professional Business Name Review For 3 New Businesses Posted: 24 Nov 2018 03:40 AM PST Hello fellow Redditors, Brand name consultant/evaluator here. Over 5 months ago, I offered free professional evaluation to few new businesses to help them determine if their business names were effective. The response was great and it was exciting to be of help to few of the respondents in the little way I could. Here is the link to the past offer: https://www.reddit.com/r/smallbusiness/comments/8lrc3r/free_professional_evaluation_of_3_brandbusiness/ I am now here again to offer another free professional business name review to 3 new businesses only. If you're about to start a business and have come up with some possible names for this new business but not sure of the effectiveness or suitability of any of the names for your business, this free offer is for you! Your new business deserves the most effective, suitable and meaningful name! Your business name shouldn't just be only catchy! Hence, I am ready to help you determine whether or not your chosen business name is meaningful, effective and suitable for your new business. If you are interested, please pm me the business names you have come up with for a professional review. NOTE: Due to time constraint, I can only review 2 business names each for the first 3 new businesses that indicate their interest through private message. When sending your 2 business names for free review, please, provide alongside the following details about your business: • Industry • Business Description • Location • Target Audience • Unique Selling Point (USP) • Business Keywords NOTE: Everything will be done via private message only. I look forward to hearing from you soon. Thanks! [link] [comments]  |
| Posted: 23 Nov 2018 08:28 PM PST So, I bought a convenience store at the beginning of this year and I have one employee that handles the stocking, cleaning etc. He's been at the store for 10 years now, with two ownership changes. I've known him for a year before I bought the store, as I used to frequent the store and we've maintained that friendly vibe and never really transitioned in to the boss-employee relationship. Plus he is much older then me and I am very young. For the most part he does his job well and maintains everything. At the same time, I am very easy going compared to the last owner. The last owner was pretty much no bullshit, straight work type of guy. The current situation is this: He is supposed to take all the rugs out of the store and mop under them. Recently, I've been noticing he hasn't been doing that and just mopping around the rugs. I know this seems like a simple thing, but I am very disrespected by this behavior. It shows me that he thinks I am not paying attention to him and he can get away with things. So, I'm concerned that he might be doing that at other parts of his job. At the same time, I know he doesn't have bad intentions, and he does most of job and all employees try to get away with things and make their lives easier. It's more of a respect thing, because I know the previous owner wouldn't even have this issue and the employee would've never thought about doing it. At one point I want to just kinda let him know that I feel very disrespected especially when I tread you better. But at the other end I think I am making a big deal out of nothing, because he does most of job well. What do you guys think? Any suggestions? [link] [comments]  |
| How to create a rabid fan base? Gaining prospects beyond SEO. Posted: 23 Nov 2018 03:29 PM PST How do you believe to gain a rabid fan base that feel like they have their community within your brand. Or that your brand is part of a rabid overarching community. How have you or do you gain prospects beyond SEO? [link] [comments]  |
| How do I start using chatbots on my website? Posted: 23 Nov 2018 07:55 PM PST Hi, Do you have advice on what to use if I want live chat, with a chatbot & dashboard, email notifications for my Wordpress site? I have been looking at options of the kind of thing Im looking for Which one of these is best, are there better ones? Whats your experience? [link] [comments]  |
| Posted: 23 Nov 2018 05:16 PM PST I feel this interest rate to be extremely high, but buying our (boxed moving) truck has been a long overdue investment we need to purchase. Are there any other options I could look into? Is this rate common for such a loan? I've applied through our bank before but they denied us because of low cash equity (I think, forgot actual term). Our business has been in business 3 years and has 200k in sales, but had a loss last year of about 20k cause of truck expenses. The upside of this current loan is I only had to send 3 months' bank statements and was approved in 2 days. Whereas my bank will ask for income statements, balance sheet, etc. and since I do all bookkeping/dont have a dedicated accountant, I don't really have the time to get all this together right now. So should I just suck up the high interest and accept the loan? [link] [comments]  |
| Online clothing store startup general help Posted: 23 Nov 2018 04:08 PM PST Hello everyone, I want to start selling t-shirts hoodies and hats/tuques and what not. My general question is what is the process of starting this? I do graphic designing as a hobby and would like to use it in some way to make some small bucks and hopefully something more. I'm thinking of starting on instagram as a start and move on to website but would like guidance on how to start this. Order bulk fashion myself and invest on a printer? Print logo at Lids?(LOL) Ship it myself? Yea I sound completely lost but some help would be appreciated TL;DR I'm a noob graphic designing as a hobby wanting to sell my graphics on t's hoodies etc and I'm lost [link] [comments]  |
| Ooma, Vonage, or another service Posted: 23 Nov 2018 08:40 AM PST Moving into an office and I need to get a new phone system. Right now, it would be 2-3 extensions in the office, with a couple of people who work outside the office (so ability to forward to cell phones or an app would be good). I am hoping to add more in-office staff within a year so I need expandability. Right now, I may include off-site answering at least part-time. Any recommendations for a good phone system? [link] [comments]  |
| Business Personal Property Taxes? Posted: 23 Nov 2018 01:39 PM PST I started a small business this year (95% service, 5% software sales). I got a retail license so I could sell the software. I just received a tax notice for "Furniture Fixtures and Equipment" valued at $25,000... my tax due being $1,200. I have a home office, a single computer, and that's it. I'm a little confused. Any idea what I should do from here? I don't have that amount of business assets. I tried to call my state's Department of Revenue, but they are closed for Thanksgiving. Has anyone else had this same thing happen and were you able to get it resolved? Thanks in advance! [link] [comments]  |
| Hand written notes or fliers better ? Posted: 23 Nov 2018 01:31 PM PST I'm in the Cash 4 Cars buisness alot of our leads come from going door to door putting fliers on junk cars. Sometimes we'll run out and hand write notes instead. Maybe its just a coincidence but it seems like people call us alot more when we use the hand written notes rather then the fliers. I'm thinking maybe hand written seems more personal so that's why. What's your thought ? [link] [comments]  |
| Recommendations for security cameras. Posted: 23 Nov 2018 01:24 PM PST Would like maybe 4 cameras to monitor my shop. Dont want to break the bank. Any good suggestions ? [link] [comments]  |
| Please Help Me With A School Project Posted: 23 Nov 2018 01:20 PM PST I am collecting responses for my Intro Entrepreneurship class. I need 100 responses, and I am hoping you all would be able to provide me with feedback on my upcoming service. More information on the service can be found at the top of the survey. Please comment or message me if you have any questions or concerns. Your help would be greatly appreciated! [link] [comments]  |
| Multi-brand support/management help! Posted: 23 Nov 2018 10:46 AM PST Hi! I own a few businesses which are all independent of each other. I have different employees for different businesses. This led me down a road to 3 different VOIP providers, and having all 3 VOIP apps on my phone and desktop. It's becoming a pain to constantly switch between apps and managing all 3 business phones in different places! Does anyone have a recommendation for a phone provider you can manage multiple businesses under? I need: *user permissions to access only their assigned business *voicemail and text message notifications to email *to know which business line is ringing *ideally manage each business contacts individually Does anything like this exist? I'm currently trying out Dialpad but they don't offer text to email notifications, and their integrations with other softwares is extremely minimal. Thank you for any help! [link] [comments]  |
| Wix good for web shop integration? Posted: 23 Nov 2018 09:28 AM PST What is the best platform to build an e-commerce website? Wix? Wordpress? Square Space? I am functioning on minimal budget so recommending one of the free platforms would be great. Is Wix good for web shop integration? [link] [comments]  |
| Posted: 23 Nov 2018 07:42 AM PST |
| Hosting client videos on YT... Professional? Posted: 23 Nov 2018 07:20 AM PST Hello everyone, Our online training platform has limited space. For files that do not need to be hosted on the platform, I would choose a third party provider, like YouTube or Vimeo. What are the chances of this being seen as unprofessional by clients? Have you had any similar experiences? What were your solutions? Thank you [link] [comments]  |
| Sales and marketing dilemma. Damn commissions. Posted: 23 Nov 2018 02:03 AM PST Hi everyone. Here's a tricky scenario. You are a supplier of a shampoo product of multiple stores, and you'd like to boost your sales by encouraging the stores to prioritize selling your product rather than the competitors product. However, the stores you supply offers your competitors shampoo product over your product because, for every 3 bottles of shampoo sold, they get some monetary commission. Sadly, your company can't implement the same commission reward system because you don't have enough profit margin on your product to be on par with the commission rate of your competitor. What do you do? #suppliers #scenario #scenario #profitmargins #rewardsystems #sales #marketing [link] [comments]  |
| You are subscribed to email updates from smallbusiness: Starting, owning and growing a small business. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment