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    Home Unlabelled I want to start a business on the side of my full time job. Have any of you done this? Do you have any advice for me? small business

    I want to start a business on the side of my full time job. Have any of you done this? Do you have any advice for me? small business

    November 27, 2018

    I want to start a business on the side of my full time job. Have any of you done this? Do you have any advice for me? small business

    I want to start a business on the side of my full time job. Have any of you done this? Do you have any advice for me?

    Posted: 27 Nov 2018 12:43 AM PST

    So the rundown is this. I'm 19. Have a family of my own. Have a steady full time job with good benefits that pays the Bill's, but not much else. I also work night shift and therefore have some time during the day to invest in a side business. I do not have much start up money at all. I have very little to invest into this. So I need some ideas or advice on how to start from the absolute bottom and work my way up to a successful business.

    The only solid idea ive come up with so far is pool service. Because my family is in the business. I have a lot of expertise to call on if I ever needed to. And I believe I could start it with very little start up cost. But this would also make it where I work out the trunk of my car until I can afford to purchase a cheap used (mini or full size) van. I think it would also be compatible with my schedule because I can make my own schedule. I can do 1-2 pools a day. Then knock out 4-5 on the weekend. And if it builds up too big for just me to handle. I can start hiring people slowly.

    But this idea is also very very intimidating to me. It just feels like such a huge leap of faith. Like I'm putting all my eggs in one basket and the basket is made out of Hope's and dreams. It's also intimidating because I've never ran a business before. And I'm worried I'll end up losing money instead of gaining.. and I'm worried about gaining a customer base. How I'm going to market/gain new customers.

    submitted by /u/friendlymountainman
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    Starting a small Online Business

    Posted: 26 Nov 2018 03:20 PM PST

    So I am a 15 year old, getting ready to take on the world of entrepreneurship, and I have just registered with my State (the application is still pending) as a proprietor, and with the IRS to obtain an FEIN.

    I am doing an online clothing store, where I am buying products wholesale, printing on the shirts, then re-selling them. I have also obtained a Certificate of Resale from my state.

    My main concern is if there is any other steps or processes I need to take beyond that, or if there is any other advice you could give, it would be greatly appreciated because.. well.. the government/business is very confusing. Thank you all in advance!

    submitted by /u/iiDaBomb
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    Is there such a thing as a property selling scam?

    Posted: 26 Nov 2018 12:28 PM PST

    If this isn't the right sub to ask this, I apologize, but I hope that other business owners have had experience with this kind of thing before.

    I just got a message from an employee who said a person called from a property management company saying that our property has recently been sold and asked for me to call back. Now, the building we're renting belongs to my aunt who was given the deed when her husband, the previous business owner, passed away a few years back. The caller actually asked for her husband initially, and the idea that he worked with my aunt and didn't know that he died raised a red flag for me.

    Is this a scam of some sort? I have no idea what would be gained from something like this, but I could also be in denial that my family would sell the property without even giving me a heads up.

    Thanks in advance!

    EDIT: I googled the phone number which is what I should have done instead the guy's business. It's a scam or a weird prank caller.

    Also, I should have said that my aunt is almost impossible to contact most of the time as she's always travelling and usually let's her son handle everything here, and I did try to get in touch with him but hadn't heard back yet.

    submitted by /u/Comtress
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    How to go about hiring a sales person?

    Posted: 26 Nov 2018 05:09 PM PST

    Hi, I own a social media marketing agency and I'm wondering how would I go about having someone cold call businesses and set appointments. What commission should I provide for a service that charges a minimum of $2000?

    submitted by /u/jordancmpb
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    Clothing line

    Posted: 27 Nov 2018 01:16 AM PST

    I know the clothing market is saturated but I do think I could make money if I buy cheap enough. I am UK based but have no idea where to start in terms of printing and sourcing. I know there are sites like Teespring (which I believe you just upload a design and they do all the work for you, you just advertise and sell what you can. correct me if I am wrong?) I like the idea of this as I am looking to get into graphics so it allows me to also broadcast my work. I was thinking about setting up a teespring but making my own personal website.

    submitted by /u/solidsneek
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    Adding a second credit card processor

    Posted: 26 Nov 2018 06:27 AM PST

    We currently have Verizon Fios for internet and phones. Works great.

    However days like today. When it suddenly goes down, my phones are dead and I can't process credit card payments.

    Is it worth it, or possible for me to add like square or something to have a backup option?

    submitted by /u/c_chan21
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    I'm looking into starting a small business, cafe, in Western Australia. Anyone got a good book suggestion?

    Posted: 27 Nov 2018 12:45 AM PST

    I own a couple small businesses, I heard there was a pay to pay less taxes via paying out to myself through another company

    Posted: 26 Nov 2018 08:27 PM PST

    A friend of mine told me that there is way to pay less taxes when you own multiple companies by taking payouts through a "shell company". The way he explained it is that you create a company that takes your ownership in all your other businesses. So if I personally own 20% of business A and 50% of business b, I transfer that ownership to my shell company and then I run all my payouts through the shell company. This allows for a lower tax rates on payouts. I'm not sure of the legality of this or if it is actually true, but I wanted to get some advice and see if it is worth pursing.

    submitted by /u/garyscomics
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    Closing the office for the week after Christmas...

    Posted: 26 Nov 2018 11:17 PM PST

    This may sound stupid, but I'm going to ask anyways. I'm thinking about closing my office the three days following Christmas. I currently have 3 employees that are scheduled to work those days.

    I only give PTO on Xmas Eve, and Xmas day for the holidays.

    My question is, am I wrong for closing my office and not letting my employees earn their hours for those days? They wouldn't get PTO unless they had days left for the year, so my employees are pretty much not going to earn as much during that week as they normally would.

    I know some of my employees may need that money, but I know I'm not going to be able to be in town that week, therefore having to close the office.

    Am I overthinking this, or is this just another that's just the way it is moment?

    submitted by /u/Snyderball247
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    Operate LLC under single or multiple names?

    Posted: 26 Nov 2018 07:24 PM PST

    TL;DR? Operate an LLC that offers very wide array of services under one name OR Create Parent LLC with Sub-LLC's or Multiple Trade-Name registrations?
    ____________________________________________________________________________________________________________________________

    So I'm currently hanging tight in my second side-hustle rodeo as a small landscape business owner. I started my first business in high school and sold it off half way through college as I moved away to a different university to finish school. This time around I have been more serious about my business goals and performance and have expanded the type of services I can provide. Ultimately, I went from 0 to 20 weekly recurring clients in two months with zero advertising. I have plans to hit the marketing materials and strategies hard over winter and through early spring in an effort to triple or quadruple that number for the landscape/lawn side of recurring business. The other services I decided to offer this time around are more one-off/monthly/yearly contract-cleaning type services with a higher profit margin that are intended to fill any gaps or blank days in the landscape/lawn schedule that aren't already filled with high margin landscape jobs.

    All of this sounds great but frightens me a bit on a legal level as I'm currently just a registered sole-proprietor. I plan on switching to a Single-Member LLC for the start of 2019 to add a layer of protection between my business and personal assets/liabilities (even though this corporate veil is easily pierced, some protection is better than none right).

    The dilemma I'm facing is whether to conduct all the business under the new LLC name and possibly limit myself to the type of business I can provide OR create an LLC parent and go the "sub-LLC" route or the "Trade Name" route. If I do the latter, I could legally advertise under either name with the respective offered services and as such create a more memorable business in the minds of the clients.

    I.E. Operate under one name for landscape services, operate under another name for contract-cleaning services, etc.

    From what I understand of how the IRS views it, this would keep me filing only one set of tax documents when they are due. Rather than two separate filings if I held two Sole-Proprietorship/DBA's or two independent LLCs.

    Not sure if any of you are accountants or good with taxes and all that jazz. Just looking for opinions/suggestions/ideas.

    submitted by /u/geekinterests
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    How and when to transition from your day job

    Posted: 26 Nov 2018 08:28 PM PST

    Hi guys, first time poster in here. Ive been working on this side hustle for 3 years or so and its getting to a point its starting to cover its own expenses but definitely not raking it in. I feel like with most things, time is my limiting factor but also realize i may not be using my time effectively. I work a day job, 4 days of the week sometimes 5. Starting from December I'll be dropping a day from the day job to invest in this side hustle as it feels like im working more in the business than on the business.

    My question is what tips, goals, strategies, lessons do you guys have for moving out of your day job?

    To give context, the side hustle is effectively a STEM education business. We operate out of a lab, run workshops and run lessons for paying members who are members of the public.

    submitted by /u/Pakros
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    Small business bank account suggestions.

    Posted: 26 Nov 2018 05:32 PM PST

    Hey everybody, I'm in the process of starting my first business and am looking for a bank account. My business deals in real products but all transactions are done online. Any suggestions? I',m leaning towards. Capital One Spark. Thanks!

    submitted by /u/Karmacarte1
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    Auto Insurance -- "personal" or "commercial" ???

    Posted: 26 Nov 2018 05:19 PM PST

    Let's say I run a small time, weekend side hustle doing pressure washing [or indoor carpet cleaning, or lawn mowing service, or any other similar service type business]. Would the vehicle that I am using to transport the equipment (pressure washer, vacuums, mower) to the worksite fall under a "personal" or "commercial" vehicle? The way I understand it, a commercial vehicle would be a vehicle that transports goods or people; a personal vehicle is, well... just used to transport yourself to wherever you need to go (to get the job done).

    I called my auto insurance to get an answer and their response was kinda vague... but they eventually told me that it would be considered "commercial." Because of how unclear (and unsure) the rep was, I called a 2nd time and got a totally different answer. The 2nd rep felt that it would fall under a "personal" vehicle.

    My logic goes like this:

    • i buy a family vehicle (van) so i can drop my kids to school and then head to my normal 9-5 job. [at this point, the van is a "personal" vehicle]
    • in the future, money becomes tight and I seek out a PT job at the neighborhood grocery store. [still, at this point, van is a as "personal" vehicle]
    • the PT job lets me go, and I decide to do a side-hustle vacuuming carpet over the weekend. I pack my dyson 5000 into the van, and head to the job. I unload the dyson 5000. Walk into the client's home and start cleaning the carpet. [so is the van now a "commercial" vehicle?]
    • There isnt any option (as far as I know) to split the insurance policy coverage between personal and commercial.
    submitted by /u/Isaiah_6_8
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    Drop shipping and selling/marketing my own products

    Posted: 26 Nov 2018 05:01 PM PST

    So I am interested in signing up for Shopify so that I can do drop shipping and sell some products I believe in and that my target audience would be interested in. However, Shopify is not a database for information where I can where develop and tell a story with my brand.

    I am really looking to tell a story and connect with my market because I am also in the R&D/manufacturing stage with some of my own products that I've invented and perhaps even getting them patented very soon. Is Shopify good for selling my own products/inventions as well? Or should I put in the effort to create a Wordpress or SquareSpace website where I can really target my market and tell a story?

    submitted by /u/TGOW_
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    Fraud Charges

    Posted: 26 Nov 2018 10:54 AM PST

    I hope this i the right place for this question.

    Girlfriend is hairstylist and she freelances, she must got her business license approved by the state.

    She has a client who frequently came in for services to which she paid for with a credit card. About a week ago my girl found out that the card her client has been using to pay for services was not hers but someone who she was dating/working for. Something went south and now he is claiming any charges made on the card is fraud.

    My girl used one of those online payment processing services for the transactions and now she got an email saying the charges are being investigated as fraud and she needs to send proof that the charges are for legitimate services.

    My question is will my girl have to lose out on money paid to her for services rendered and that money deducted back out of her account?

    While it might be fraud, she provided a service and shouldn't be penalized because of what her client did.

    What is her best course of action?

    Thanks.

    submitted by /u/Chosen_one184
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    [Question] what banking firms/accounts are great for a new small business?

    Posted: 26 Nov 2018 02:39 PM PST

    Just filed the paperwork today to start a new business (yay!) and need to get all the financial stuff set up. Are there specific banks that you love that have any good benefits for small businesses? Or are they all pretty much the same? Need to get a checking account and credit card. Appreciate your wisdom.

    submitted by /u/charassic
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    Are there any apps, event type-businesses can effectively use?

    Posted: 26 Nov 2018 02:27 PM PST

    I like using hootsuite to get appointments and notice that there is a higher chance of a concrete event I can land. But are there any applications where event-type businesses can advertise? I heard there's Nextdoor but there was one other app which I forgot the name of. What apps can be useful for event/appointment type businesses can use?

    submitted by /u/superstarpix
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    Best bank for small NYC production company

    Posted: 26 Nov 2018 01:49 PM PST

    I'm currently with Chase. They've, without asking, purchased checks and sent them to me after I'd asked them for purchasing options. What arrived isn't even what they purchased. They've now sent me two debit cards with my name wrong. They want me to come in for an hour appointment to fix their problems.

    Any suggestions for an alternative?

    I can hover around 1-2k in the account at all times. I hate fees. I prefer to do most of my banking online. Payments to my company widely range and I need to be able to pull petty cash on the regular. Is Chase my best worst option?

    submitted by /u/bkbooooi
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    [Question] What tools would you suggest to use for sending online business proposals?

    Posted: 26 Nov 2018 01:27 PM PST

    From my early childhood I fell in love with drawing as I understood that images can provide a much richer explanation than any text or idea. At the beginning it was just a hobby and eventually I ended up wanting to do it professionally. Growing up, I always found myself drawing whenever I had free time because I really enjoyed doing it. About a year ago, one of my close friends who happened to be a startup founder asked me if I could draw some icons for their website. At first, I thought it would be hard since I didn't have any prior experience, but I agreed to give it a shot. So I went ahead and created what I was asked for and delivered my work, surprisingly everyone was very pleased with my results. That's when I understood that I can bring value to others and at the same time make some side income for myself while I am in college.

    I am currently a freshman student in Fashion Institute of Technology in New York City and I'm pursuing an 'Illustration' major. To get some freelancing work in this field, I searched for Startup Accelerators and Incubators and contacted them to see if I could present, network and pitch my services. As a result, I was connected to some of the startup companies which led me getting a freelancing work with few of them.

    Whenever companies are interested to hire me as a freelancer, we would first sign some paperwork before I start working for them. I normally have to send them my business proposal which provides a detailed description of all the services that I provide in exchange of their payments and obligations. Since I am very busy at school with studies, I had to find a way to send them my business proposals online. So I searched for some of the tools and I came across https://colibro.com/proposals/. It seems like this is the tool that I actually can use getting my work done. But, I am a little skeptical about their services and I wanted to learn if anyone here have ever used them before and If so, I would really appreciate if you could share your experience. If you know other good websites that can help me send my 'online proposals', I would love to hear them. Thank you so much.

    submitted by /u/rainboy77
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    Snow removal business questions.

    Posted: 26 Nov 2018 01:03 PM PST

    I have a few questions I would like to ask about the snow removal business. If someone could answer I'd really appreciate it. I've owned a landscaping biz for 13 years which I recently sold but never got into the snow removal side. I'm somewhat familiar with the industry but not so much the snow removal side of things.

    submitted by /u/lawnboy232
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    Any small business owners in Orlando Fl? I’ll be in the area next month and I’m looking to interview a few business owners for blog posts. The blog posts are free

    Posted: 26 Nov 2018 12:51 PM PST

    Five Stars Loyalty Program

    Posted: 26 Nov 2018 11:51 AM PST

    Can anyone please share their experience with Five Stars Loyalty Programs for bringing back customers to your store? Is it worth it? Pricing? Rewards?

    submitted by /u/theheartshapedvegan
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    Promoting/Advertising for a roofing business in Miami?

    Posted: 26 Nov 2018 09:48 AM PST

    Hello Reddit, My father and 2 uncles run a small roofing business in the Miami area. I've been working for the family business for a little over a year now and essentially I am in charge of customer service and marketing. I've never been in this type of position before but I did get my degree in business administration. We've had a great year due to hurricane Irma but things are starting to slow down.

    How should I go about increasing our client base? Things I've done, created a website, create accounts on facebook, yelp and google.

    I'm interested in trying a lead generating company such as Networx. Would this be a good idea?

    One of the vehicles has advertising but the other doesn't (working on it). I understand exposure is key and I notice a large competitor has to be spending lots of money on online advertising as I've even seen their ads even on reddit. Any help would be much appreciated, my father is under a lot of stress and I want to do my best to make this business grow. Thank you!

    submitted by /u/Devlo
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    I don't know what else to do while I wait now, websites and plans are already set-up- What else can you suggest?

    Posted: 26 Nov 2018 09:35 AM PST

    This is for a small time photo booth gig we are launching. The service is bringing a portable photobooth with high quality system (professional grade DSLR, touchscreen + fast speed printer) to events. I've had 2 people requesting for a quote/our service from the website- the catch is, we're still waiting for the majority of our equipment to solidify the photo booth system.

    The website is done a bit too shabby but surprised we got 2 quotes from it, we're waiting for postcards (bing and google) so we can verify. We have automation for instagram, and hootsuite set-up for other social media. We have blog posts drafted for the first marketing campaign. We've booked some events 2 months down the road. What else can we do to make things happen? We seem to be running out of ideas...

    submitted by /u/messi_818
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