People do business with people they like Entrepreneur |
- People do business with people they like
- Mini cuffs for your airpods.
- Podcast Advertising
- Throwing more money at something isn't going to make it sell, if it doesn't sell already... please don't make this common mistake.
- How does other people investing money in your business work?
- Preventing burnout with personal metrics
- [SaaS] Any thoughts on how to grow customers after launching? I just have 4 customers.
- How are losses generally handled in a an LLC where there is one investor?
- Stripe is not supported in my country. Can I use Paypal to accept payments via credit/debit cards?
- My parents are discouraging me from quiting my job.
- Entrepreneurship and Leaps of Faith
- How do I start as a student in Europe?
- Thoughts about biz and honesty
- Week 5: We Got An Office & Are Growing Our Team | 10 Months To Get Funded (video series)
- I’m so lost and frustrated with Instagram. Please give me your advice!
- Moderately newbie question regarding EIN and CoA
- Finally found a partner in my local business idea
- Thoughts on a split
- Working on the Big List of (Free & Paid) Startup Tools (TBLOST)
- Best state for llc?
- Is there some website tool or software to help pay users for their published content?
- need an instagram account manager ? Looking to take some projects for free!
- What percentage share did Elon musk have in his companies when he sold them?
| People do business with people they like Posted: 08 Dec 2018 03:12 AM PST Remember - doing business is very much an emotional decision. It's easy to forget that sometimes. Sending cold emails? Do research first and figure out what the person is into. Figure out if they have children. Each sentence leads into the next and makes someone want to reply to you. Don't be a robot. Personalize! More on me here. Edit - I'm not talking about ordering things from a vender in China. I'm talking about working with companies that provide a service or something unique. A web developer, a marketing firm, a videographer, etc. I get a ton of cold emails every week at my business trying to sell me something. If the person does a little research on my company and says "Hey Nick I saw you are doing this or that at Storage Squad and you just got the contract at Emory. Congrats! We might be able to help you in this area...l" I'll be a hell of a lot more likely to return the email and give them a 15 minute phone call. Its all about balance. At your next meeting ask about someones family and then be able to recall the names at the next meeting and ask how they are doing. You'll have a huge advantage! [link] [comments]  |
| Posted: 08 Dec 2018 12:29 PM PST Hi Reddit my teenage daughter is an aspiring entrepreneur that just created her first line of cufflets for the airpods called Mini cuffs. She got the inspiration due to the airpods lack of having an attractive form and resemble a Q-tip when worn. So after a little encouragement she decided to launch her first shopify site any feedback is welcome from the community! https://minicuffs.com Gallery https://imgur.com/gallery/mJnITaV [link] [comments]  |
| Posted: 08 Dec 2018 06:53 AM PST Hello! I've recently tried to advertise on several podcasts and found the whole process too cumbersome. I had to email every single one of them in order to find out what the actual price was to advertise and then it turned out that their most of their ad spots were full until next year. That's why I've created https://podcastsads.com/ where everything is transparent and can be done very easily. The question is do you know someone who has a podcast? I'd like to contact them and see if they'd be interested in being on the website. It's still in the early stages, so it doesn't have many podcasts yet. Thanks! [link] [comments]  |
| Posted: 08 Dec 2018 01:47 PM PST I'm an old man now, but when I was a young entrepreneur, I always thought that just putting more money into something would make it sell, but in reality, all I did was throw away my money. For example, I wrote a book back in the day, and used Facebook ads to promote it, and because I was receiving good engagement, but no sales, I figured all I needed to do was throw even more money at the ads, to actually convert that engagement into sales. Short story long, it never worked, and all I wound up with was a Facebook page for my book with like 5,000 likes, and almost zero sales to go along with it... so don't fall into the same trap I did with whatever it is you are selling. [link] [comments]  |
| How does other people investing money in your business work? Posted: 08 Dec 2018 01:13 PM PST Would that mean they have a significant stake in the business and therefore the profits? [link] [comments]  |
| Preventing burnout with personal metrics Posted: 08 Dec 2018 09:25 AM PST There are times, especially if you are responsible for the development of a service or product, where you can dive really deep into your work and start caring less about everything else. What I've noticed lately is that there is a way to notice the early burnout signs, and it's by measuring yourself. It sounds gimmicky but it's one of those obvious things that are not easy to notice for some reason. All you have to do is look at the things you enjoy doing outside work and check if you are keeping up with them. For instance I love reading literature, and I have been setting myself a yearly goal of 30-35 books read for the last couple of years. That means I need to read a couple of books a month to meet my goal, and some months three. So if it's the third week of the month and I'm not done with a single book it's usually because I've been working tons of hours on some project. I also measure things such as how many times I have played guitar and how many films I have watched. Ever since I started doing this I feel that I have developed a healthier relationship with my work. The last few months have been the most productive of my life and this is one of the reasons involved. I would love to know if you do similar stuff. [link] [comments]  |
| [SaaS] Any thoughts on how to grow customers after launching? I just have 4 customers. Posted: 08 Dec 2018 01:10 PM PST So I launched a SaaS two month ago that is one of those referral systems for collecting emails. I've oriented it to developers that want to validate their MVP before building the product. I'm charging $4.99/m The thing is that I launched the product "successfully" on sites like Producthunt and from that, I got 4 customers. After the launch peak, traffic is low and so the user acquisition. I started blogging expecting to redirect some traffic organically. I know this will take longer and maybe won't be even worth it, but I'm running out of ideas. I am concern that even 4 paying customers is proper validation, perhaps the product is not good enough, and I am beating a dead horse. My second strategy is to build non-related MVPs using my already existing referral system. So I can kill two birds with one stone. Try new ideas and promote my other site. I've also tried messaging potential customers on Twitter, Quora, and other communities without success. Maybe I should work harder on one-on-one "sales". [link] [comments]  |
| How are losses generally handled in a an LLC where there is one investor? Posted: 08 Dec 2018 12:52 PM PST We have a startup LLC in which there is one investor and 4 who are to contribute through sweat equity. We will be meeting with a lawyer soon to discuss drafting an operating agreement, but I wanted to try and understand this concept first. The investor has said that the total loss of the first year (operating at a net loss for year 1) will flow entirely to his tax return, as he is the only one to have contributed money. Is this generally how it works? Or are losses normally distributed respective to ownership percentages? Is this determined through the operating agreement, and if it is, what do most startups tend to do in this situation? We are all roughly equal partners, but the investor has a slightly higher ownership percentage. [link] [comments]  |
| Stripe is not supported in my country. Can I use Paypal to accept payments via credit/debit cards? Posted: 08 Dec 2018 12:24 PM PST I'm reading that with Paypal you can accept payments via cards too but don't know how to implement this. Is this also country restricted? Does it have a fee? [link] [comments]  |
| My parents are discouraging me from quiting my job. Posted: 08 Dec 2018 11:59 AM PST Hello, I told my parents today that I will probably quit my job. I am in my 20's and have a master's degree in software engineering. I am making around 40k€ per year which is actually very good. I have been thiking about my job and I decided that I don´t want to spend the rest of my life in front of the computer making software just to survive in life. I decided that I want to make my own company, have my own employees and take my own decisions. I told this to my parents and they basically told me that this is a stupid decision and that with some experience in my field I can make even more money. Has an example they used my sisters that is in her 30's and has a good house and a good car, but when I look at my sister I see that she has all this good stuff but she spends all her time working and what she makes is just a little fraction of what she is given to her employer... Have anyone here been in my position? Have you ever wanted to open your own business but felt like your family don't support your decision? What did you do? Thanks. [link] [comments]  |
| Entrepreneurship and Leaps of Faith Posted: 08 Dec 2018 11:25 AM PST |
| How do I start as a student in Europe? Posted: 08 Dec 2018 10:54 AM PST To sum up, I've came up with an idea for an adult cards game and I've already designed all the cards and "physicall stuff", but know I face the fact that I don't know how to try make it to kickstarter or other place to gain support to then distribute it. I know that here in Spain laws involving startups are quite restrictive and that I would probably have to make a huge investment in paying all the taxes and ordering a first sample batch to let's say China, but looking at all the campaigns in Kickstarter or this sub it doesn't look that difficult. How should I start? Is there anything I could do that wouldn't involve dealing with hiring people or a difficult and expensive campaign that I couldn't afford? I really do appreciate any help you can give me, or similar experience you've had with board or cards games. Thank you very much in advance! [link] [comments]  |
| Thoughts about biz and honesty Posted: 08 Dec 2018 08:57 AM PST Just had a thought that I'd like to share. Isn't it cool that business incentivizes honesty? It's easy to believe otherwise because intuitively we see profitability as the primary objective of any business owner. This is true there's no denying that however, you must ask yourself what a man or woman must do in order to become profitable in business. You cannot generate sales without trust. In order to build you trust you must be perceived as honest with the best interest of the customer in mind. Without this you lose. We could become really good at faking our honesty and good intentions but that's alot of work. Wouldn't you agree that most people and things take the path of least resistance? Not because we're lazy but because we wish to be as efficient as possible so in the short time that we're on this planet, we can get the farthest we can for ourselves and others. Therefore being effortlessly honest is the most logical method for people to be perceived as honest which translates into genuine honesty which means most business owners likely choose to be honest which means business incentivizes honesty which means business helps make the world a more honest place which means business makes the world a better place. Am I off my rocker? Enlighten me with your thoughts down below🙂 [link] [comments]  |
| Week 5: We Got An Office & Are Growing Our Team | 10 Months To Get Funded (video series) Posted: 08 Dec 2018 08:07 AM PST Hi everyone! Just wanted to share this weeks video (3 min 12 seconds) where I show off our new office and talk about interviewing to find a sales co-founder! If you haven't seen me post before, this is a continuation of my previous posts. TL;DR: I quit my 130k job and have 10 months to get my company funded before I run out of money. If you want to see my previous posts:
Thanks! [link] [comments]  |
| I’m so lost and frustrated with Instagram. Please give me your advice! Posted: 08 Dec 2018 01:09 AM PST I own a women's clothing and lifestyle boutique that has been open for about 6 months, and I am so frustrated with Instagram and it feels like no matter what I do, we can't seem to get more followers. Here are things I have done:
We seem to constantly be getting people following us who are using services like Fiverr to follow/ unfollow. We tried doing this as well, but it didn't work well for us. I feel like I have researched and tried so many ways to get followers, and everyone keeps on talking about how much the algorithm sucks, but I don't know what to do. Please give me any advice. I'm so frustrated with this 😔😩 [link] [comments]  |
| Moderately newbie question regarding EIN and CoA Posted: 08 Dec 2018 06:29 AM PST I have my EIN when I registered my LLC, and a CoA, but their numbers are identical, is this normal? Could anyone give me some insight if I am missing anything to be able to resale? [link] [comments]  |
| Finally found a partner in my local business idea Posted: 08 Dec 2018 06:04 AM PST I've made a few posts here about my local website/network idea and how it's done well for me in my home town and I'm looking to expand. What I've been doing is looking for people who live in specific areas with contacts and asking them if they would like to go into partnership. Most seem reallly happy to do it until I mention that I am looking for them to pay me to be my partner . It's not a massive amount but naturally, when a stranger on the internet asks you to hand over money you can't blame someone for thinking it's not quite right. The cost is for the website and for, well, me. I have tried and tested the model and it works. All the little bits of knowledge I've picked up is a valuable commodity. Luckily I have found a business person in a new city with a lot of contacts, and he has seen that the idea is a good one and he's on board. I am also in the process of selling one in another city, so for the start of 2019 I'll be well on my way to building a huge network of local hubs. Just made this post as I did have a lot of people messaging me before asking me to update on the progress [link] [comments]  |
| Posted: 08 Dec 2018 05:51 AM PST I started a coffee roasting business this summer and a local bakery has interest in buying it. I'm looking to move on and focus on other projects. The Bakery is trying to stretch their funds as much as possible until it takes off. They have about 70 or 80 wholesale accounts and know a lot of restaurants in the area. The price to buy the business outright is approximately $50k. What are some suggestions on how to finance this out to the bakery so they can make a go at it? I was thinking $5k down plus $15k over the next 4 months, then a balloon payment at the end of 2019. Another thought - I have them put 1/2 down over the course of 4-5 months and I continue to work at it, owning 50%, and taking a draw at 1 year to pay back my "investment" Any thoughts or additional insights would be greatly appreciated. [link] [comments]  |
| Working on the Big List of (Free & Paid) Startup Tools (TBLOST) Posted: 07 Dec 2018 05:53 PM PST Hey fellow Entrepreneurs! I've been saving posts from this very subreddit over the past few months and compiling my favorite tools, resources and links for small and startup businesses. I'm sure I have over 100 resources on my list at http://TBLOST.com but I still have a lot in my google document and will be building out the site over time (assuming folks find it useful). Anyways, for now it's mainly just the list at TBLOST.com and a submission form at the bottom. Hopefully I'll get some more time to flesh it out over the holidays. Cheers! [link] [comments]  |
| Posted: 07 Dec 2018 09:10 PM PST I need to create a separate llc for a new business, can anyone suggest some of the most tax friendly and administratively easy states? [link] [comments]  |
| Is there some website tool or software to help pay users for their published content? Posted: 07 Dec 2018 10:29 PM PST I want to make a website where users get paid for the content they publish based on ad revenue it generates, but I don't have any knowledge on how that sort of thing would work. I've read there are social media websites that do something like this, and there's always YouTube to take inspiration from, but the technical aspects of it are beyond me. Can anyone point me in the right direction? Are there plugins or other tools to have this sort of thing automated by the website? On a side note: I don't have any background in business, so I don't know what legal or technical things I need to learn before initializing this project either. Any advice on what I need to research and review would be incredibly appreciated! [link] [comments]  |
| need an instagram account manager ? Looking to take some projects for free! Posted: 08 Dec 2018 04:15 AM PST i'm looking to manage some instagram accounts ( businesses/services) mostly for free since i have a bit of time these days. If you're a new business, a startup or want to market your instagram acc shoot me a msg. I may be able to help you and your business take off. Will only do a few accs so first come first served! [link] [comments]  |
| What percentage share did Elon musk have in his companies when he sold them? Posted: 08 Dec 2018 06:30 AM PST What percentage share did Elon musk have in his companies when he sold them? [link] [comments]  |
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