Never legally closed my business over 5 years ago. small business |
- Never legally closed my business over 5 years ago.
- Owning a tanning salon? Advice needed
- We add things into our shopping cart but we often never check them out.
- Local Newspaper Ad Cost?
- Do you own a small service business?
- LLC, S-Corp, or something different for TV/Film freelancer?
- Question about hiring online
- outsource business
- What POS software/platform do you use?
- Is this an effective cold email to send? All views welcome
- Should I stay or should I go?
- Do you r commend a commission-based charge or flat fee?
- Ceramic art business, need some advice
- Software for General Wholesale of Goods
- Does anyone know any good books about scaling your business?
- Review Please
- Having Success - Need Mid/Long Term Fiscal Advice
- Membership based convenience store
- Natural Candles Store
- Competitor got me suspended
- Recommend some online marketing resources for physical products
- How to Make Money with Kelsey Coin
| Never legally closed my business over 5 years ago. Posted: 08 Dec 2018 09:20 PM PST I'm hoping you guys can give me some advice. I opened a small business almost 10 years ago. I was in my early 20s on my own and had no idea what I was doing. It was an LLC in South Carolina. I did have all the proper licenses with city, state, and federal agencies. I had no creditors, no brick and mortar shop, no debt or liabilities at all, it was basically just me and my tools. I ended up getting into a completely unrelated industry and so I just stopped doing what I was doing. My new work took me out of state and I pretty much forgot about the business. Like I said, I had no outstanding debt or liabilities when I left but I never legally closed the business but I'm a little concerned that if I call to finally close this thing, I'm gonna be hit with some kind of penalty. Obviously I never made any money, I wasn't even in state, but maybe I owe 10 years of yearly fees I don't know about? It's never affected my credit and I haven't been contacted by anyone about this, I'm just sort of wondering where things might stand at this point. Thanks for the help! Edit: For some reason I said 5 years in the title. It was definitely closer to 10 years ago. [link] [comments]  |
| Owning a tanning salon? Advice needed Posted: 08 Dec 2018 11:38 AM PST Tanning salon being sold for $55k. 1 times net earnings. Gross 2016 - 100k, 2017 - 120k, 2018 - 125k. Not sure about the condition of the beds or bulbs. 4 more years on the lease of $1700 a month. Is this a dying industry? Should I invest? Monthly expenses for rent, employees, electricity is $5k. [link] [comments]  |
| We add things into our shopping cart but we often never check them out. Posted: 09 Dec 2018 03:29 AM PST 77.3% of all online retail orders are abandoned instead of purchased. One of the key reasons is its affordability. How is this then overcome? https://medium.com/dbs-discover/adding-innovation-into-the-shopping-cart-df4602dfd95a [link] [comments]  |
| Posted: 08 Dec 2018 09:04 PM PST I was thinking of contacting local businesses who are currently advertising in local newspapers and offering them a large spot on my popular local website. If you've ever ran an regular-sized ad in a local or regional paper, how much did it cost you? Was it one time or a monthly recurring ad? Would you do a newspaper ad again? I know that this is a really general request, but any insight will help! Thank you very much! [link] [comments]  |
| Do you own a small service business? Posted: 09 Dec 2018 04:24 AM PST Hi. I'm working on a project to help small service-based businesses, particularly how people run the administration of their business. I'd love to get some of your opinions as business owners about this topic. I am NOT trying to sell you anything - this is purely for my research into what small business owners run into when it comes to the back end of their business. Here is the link to my survey https://evevennell.typeform.com/to/tuzlhn It should only take a few minutes. I REALLY appreciate your feedback on this!!! Cheers [link] [comments]  |
| LLC, S-Corp, or something different for TV/Film freelancer? Posted: 08 Dec 2018 10:04 PM PST I'm 32, native New Yorker. I work freelance in TV/Film Production on the side. Have two waiter jobs. I am looking to transition into more freelance and want to know what's the best way to go about benefiting from all my expenses (meetings, meals, office supplies, purchasing/renting film gear, etc)? I have all this information for the year of 2018 and want to know if I'm still able to create an LLC or S Corp for myself before doing my taxes early 2019. I'm just working for myself right now. There's always the potential to grow down the road and hire a few people but I don't see that happen anytime soon. What do you suggest? An LLC, S-Corp, or something else? I am very novice when it comes to this. I heard there are fees? Esp in New York? I have saw some people talking about creating it in Delaware even though they are based in New York? Any advice helps [link] [comments]  |
| Posted: 09 Dec 2018 03:37 AM PST If you hire a person online who lives in another country, do you have to pay your local state or federal taxes and that country's taxes as well? For an example, I'm in Ny USA, person hired to work online might be in Europe or Australia. [link] [comments]  |
| Posted: 08 Dec 2018 11:58 PM PST hello everyone , i'm a resident in California. Lately because of the increase in minimum wage i'm seeing a lot of of jobs being outsourced to cheaper countries and since i'm originally from a foreigner country that have skilled labor and cheaper wages compared to the usa, I thought why not open an outsource company but I'm still confused about what kind of services I should offer , data entry , customer service , visual assistance , call center... ? any insights or ideas would be very helpful Thanks ! [link] [comments]  |
| What POS software/platform do you use? Posted: 08 Dec 2018 10:40 PM PST POS software is point of sale software you use when you make a sale, people have computers with which they can save the data to their local computer or a remote database. Just been to a few shops and seems like POS is something most shops already use, was wondering what you guys use, the common frustrations you have dealing with one. Just for background I'm a software dev I'm thinking of building this as a platform by which you can access from anywhere by just logging in. [link] [comments]  |
| Is this an effective cold email to send? All views welcome Posted: 08 Dec 2018 07:49 AM PST Hi guys I own a small laundry and eco friendly dry cleaning business in central london and i am keen to get some office block contracts i.e. provide laundry and dry cleaning services for all building users of offices in and around central london. I sent this email out today and then thought it might be a good opportunity to get some opinions from the community on what their idea of a good cold email is? Hopefully we can all learn something from this! Here is the email: To whom this may concern, Sincere apologies if I have come through to the wrong contact point. My name is [-----] and I manage [business name], a [business location] based eco-friendly dry cleaner and laundry service provider. [business name] currently works with a number of office blocks like [prospect name] and are helping building users of a number of different companies free up time and effort usually associated with laundry and dry cleaning related activities. I would like to enquire if there is a current opportunity there at [prospect name] to provide this service to your users? We are eco-friendly and have a great track record in delivering a top service. We can produce a special price list and can also arrange all logistics including collection, delivery and simple invoicing and payment options. I am very keen to discuss this further, please let me know if I have come through to the wrong person and please kindly let me know who the person contact point will be to elaborate on how useful of a service this could be? Yours sincerely [-----] Any thoughts? What could be done better? What is missing? What is good? Thanks in advance everyone! [link] [comments]  |
| Posted: 08 Dec 2018 09:44 PM PST Small business, 3 million in revenue, 12 employees, three owners (one being me). I'm running the joint, but my other two partners work in the business as well. We don't have any debt and we do pretty well on profit. Every partner draws a pretty healthy salary. I enjoy most of what I do most days. It's been 8 years and it's been a good run. But, I'm tired. I'm scared about the economy. I'm a little burned out. I can fix the latter with a decent-sized vacation. The economy one is a bit more concerning. I think we'd persevere, but if things tank... poof. I got a job offer yesterday that would be a little less money (but still good), but would be a regular paycheck and it's kind of a cool gig. But I'd give up building something small into something big (at least for myself; I expect I'd be helping my new employer build there thing bigger instead). I'd lose freedom to be able to say, "Ok, guys... I'm taking off the rest of the week - see ya!" I WOULDN'T lose the profit upside since I'd keep my stake, but that stake would be at risk in a transition. Another downside to leaving is that neither partner wants to run it (it's a lot of work), so we'd have to hire a CEO, which we CAN afford to do. When do you know when it's time to hang it up and let someone else take it over? For those of you that have been in a similar boat, what did you do? [link] [comments]  |
| Do you r commend a commission-based charge or flat fee? Posted: 08 Dec 2018 09:42 PM PST Have an apparel company. I usually sell from a pre-designed collection of items for each season. But I got a custom request from a customer. I'd need to outsource some of the craftwork and experiment with differed materials. So would it be better to charge a commission based on the final price of the item or just set a flat fee for the customer? [link] [comments]  |
| Ceramic art business, need some advice Posted: 08 Dec 2018 07:09 PM PST I left my job a few months ago to start a ceramic art business with my wife. We both make unique handmade ceramics, my wife designs & create wall art that hangs as canvas just off the wall & I on the other hand make geometric vases with abtract art. Now the problem is that we started the site (maaticeramics.com), applied for some local pop up market but didn't seem to get any response especially for her WALL ART. It seems like people don't seem to understand the wall art/hanging. We had started a shopify store few months back but had to close it because there was absolutely no one coming to our shop even after running google ads. Right now we only have site running. Need some advice regarding promotion and generating traffic for our site !! [link] [comments]  |
| Software for General Wholesale of Goods Posted: 08 Dec 2018 09:33 AM PST Hi, A little background, currently running a small business trading 2 main products; engineering items like hoses, fittings, valves etc and raw material like iron ore & structural steel. We have approx 2000 SKUs. We have inventory for some items but mostly we purchase it from different suppliers and resell them to our customers. We have 7 employees (inclusive of 1 full time accountant) doing general admin stuffs like doing enquiry, sending quotes, issuing PO, invoicing, packing etc. Currently running all processes through Excel which is very tedious. I am trying to find a software that can integrate all process together as we tend to mess up when doing it through Excel. So far I have looked into the following software; Xero & QuickBooks. I have tried the 30 day trial for Xero and find integrating my Stores a problem (it might because I do not have the knowledge). I am also thinking if I should use Excel VBA to cater to my needs but sadly I currently do not have the skillset to do this. Wondering if any of you can share your experience or recommend any software for my usage. Thanks in advance! [link] [comments]  |
| Does anyone know any good books about scaling your business? Posted: 08 Dec 2018 10:20 AM PST |
| Posted: 08 Dec 2018 04:30 PM PST Just finished my store not long ago, any feedback would be great! [link] [comments]  |
| Having Success - Need Mid/Long Term Fiscal Advice Posted: 08 Dec 2018 03:44 PM PST Business is booming. We are hiring our first employees and the future looks bright. What fiscal advice would you give a startup in regards to tax shelters and money management? [link] [comments]  |
| Membership based convenience store Posted: 08 Dec 2018 02:32 PM PST The problem Convenience store prices are too high The solution Focus on offering value to customers producing profits through membership, nominal product markup is used to pay for operating costs Potential problems with the solution
As a loyal costco customer and a loyal 7-11 customer, this is an idea I've thought about off and on for years. Mostly just interested in discussion and get new perspectives. Doubt I'll ever follow through with this idea. The average non-gas 7-11 income potential A decade old but seems to be good guide:
So for this to be a viable venture, we need to be more profitable than just simply getting a 7-11 franchise. So if product markup is enough for operating costs, then we need 1000 members at $60/year or $5/month to be somewhat viable but not worth it. Product markup becomes less important at 2000 members and at 3000 members markup is not important at all. Are those numbers possible? I don't know. Assuming an average basket price at 7-11 is $10 for the numbers above, the 1.3m store would have 300-400 customers daily. Many are likely daily or weekly customers, in addition to randoms. It does seem plausible that there are potential 3000 unique customers. The value proposition So since this obviously needs to start as one store or two stores, seems appropriate to just focus on stocking the shelves from Costco Business Center, Costco, Sams Club in addition to sourcing good deals from big box stores. I'll focus on the warehouse clubs for this post. Fountain Soda 7-11, Circle-K, etc have us crushed here. They are getting much better prices than independent operators. Best price I can find is $0.021/oz. After ice displacement of soda, ice costs, CO2 costs, maintenance on machine, and spillage probably $0.02 to $0.025 per oz of poured soda. They say fountain soda is so high margin. Maybe it is for coke, or for the big boys, but for independent operators, not really. It's gonna be tough to compete here. We can beat 7-11 on the posted prices, but $0.99/refill has us crushed, $0.69 any size at circle K has us crushed. Coffee/tea Great coffee value potential. Tons of great brands at costco for $3-$5 per pound. Comes out to about $0.015 per brewed oz. I think coffee is where 7-11 makes most of their money. The value proposition here is easy. We can sell 16oz great quality coffee for $0.40-$0.50. Tea is hilarious. Could sell it for $0.20. Slurpees Cant compete here Sandwiches/fruit Are overpriced. I would love a build your own sandwich deli. Employee slices the meat and cheese for you, you assemble your own sandwich. Could have kickass sandwiches for $1-$2. 7-11's are $4 and taste like shit. Bananas are like $0.79 at 7-11...we could sell them for $0.25. Energy drinks Really difficult market. I think convenience stores get a special deal. People buy this shit for the caffeine. But caffeine is cheap. Liquid caffeine is about $0.20/80mg. Of course we will sell monsters, rockstars and redbulls for the lowest possible price, but it won't be much cheaper than 7-11. Not sure how to add value here. Maybe just sell caffeine shots for people to put into their soda/juice/tea/water/whatever Paper goods/health&beauty/batteries/etc Can crush 7-11 prices on everything here and offer good value *Alcohol/Tobacco/Lotto/Gas Unsure. Random stuff/spitballing What I love about this idea is just browsing warehouse club prices, adding a small markup, and imagining the convenience store price. I imagine 75%+ of items in store would be $0.50 or lower with the vast number of candy/snack/beverage skus
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| Posted: 08 Dec 2018 09:46 PM PST TBF Candle co is the leading Natural Candles Store in the USA. We offer high-quality natural candles at the most affordable prices. Free Shipping on orders over $30. Order now! [link] [comments]  |
| Posted: 08 Dec 2018 08:12 PM PST Was suspended a few years back for fraudulent inauthentic claims by competitor using multiple buyer accounts. Would like to make a new account. Ill be using my passport and setting my address in a new city. Any suggestions what what addresses I can set for my seller account address? Anyone here have luck using virtual office addresses for their seller accounts or similar mailbox services? My concern are these type of "rental" addresses have been used before by other sellers and I don't want to risk potential "linkage" suspension with others. Another concern is Amazon invoices will show this address so I want it to be accepted by the CRA in case audited. Thoughts? EDIT: The suspended account is dead. There's no POA or emailing jeff@amazon that will save it. Im very well versed in keeping the account unique such as using a new IP, VM, new charge method and bank account etc. Using my name again wont in its link link me are there thousands of Sir Wilfred's in Canada. The problem is what address I should use. [link] [comments]  |
| Recommend some online marketing resources for physical products Posted: 08 Dec 2018 09:51 AM PST Just saw the post about how reading can create success. I sell physical products online in a specific niche. I have not done any online marketing yet, but want try and grow my business in this way. I have all the social media accounts set up with some followers, but I don't know where to start next. Any know some good resources? A step by step online course or something. [link] [comments]  |
| How to Make Money with Kelsey Coin Posted: 08 Dec 2018 08:59 PM PST By the time that all 1.2 trillion Kelsey Coin have been sold, the prices of everything will have already been drastically reduced. Do you know how many US dollars exist? It doesn't matter because more can be made instantly. You don't even need to print physical US dollars. You can just add numbers to existing bank accounts and it will reflect more US dollars that did not exist before. What about Bitcoin? It's decentralized and there is a finite number of Bitcoin, so doesn't that mean it's the best solution? Bitcoin has been internally flawed from the beginning. It has become nothing more than a new version of the stock market. All cryptocurrencies are doomed to fail because none of them function in an ideal way. The prices are always subjected to constant change, and this is an unstable environment for a proper economy. As a side note, the government can still see your Bitcoin transactions along with any other cryptocurrency. Besides the fact that Kelsey Coin is the easiest place to spend and store money, it is the only currency that will consistently increase in value. There will be a day where you can buy a mansion that once costed 30 million USD for less than 1,000 Kelsey Coin. [link] [comments]  |
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