Wantrepreneur Wednesday! - (December 05, 2018) Entrepreneur |
- Wantrepreneur Wednesday! - (December 05, 2018)
- For US businesses importing from China - How are you handling the 90 day tariff truce?
- When do you quit your job to pursue your start up?
- “& Sons” in company name?
- The Best Way To Make Money For Young Entrepreneurs - Invest In Your Education.
- Self employed people, how do you pay for benefits like health, dental etc, and do you have companies or programs you’d recommend?
- Is there a program out there that will help be generate contracts for clients
- Productivity web application with 300k unique users / month. How to make the most out of it?
- Choose your competition wisely
- Are you holding off on launching something due to the date?
- How to ready Financial statement?
- Best Book on Business Tact
- How to make a Business plan for investors?
- Help with building a strong branding strategy?
- Balancing diversity of thought with speed of response
- Why am I so scared of committing?
- Invest Ottawa - Here we come!
- Is your business website protected? You might be at risk for massive data leaks.
- How To Build A Successful YouTube Ad?
- Getting My First Sale.
- I made a thing. Where do I post it?
- Would you buy this? (Design & Innovation Training)
- Looking for new business idea. I'll do the work & funding, you get equity for providing the idea.
- Media Packets, a good sales strategy?
- Ideas on handling preorders?
| Wantrepreneur Wednesday! - (December 05, 2018) Posted: 05 Dec 2018 05:05 AM PST 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]  |
| For US businesses importing from China - How are you handling the 90 day tariff truce? Posted: 05 Dec 2018 07:12 AM PST Referring to the announcement that Trump will hold off on the 25% tariff increase for 90 days. In my current situation - I have more than enough inventory on hand, and my next planned purchase is not until around June 2019... but is this the time to stock up? This window is just enough time for me to get in at 10% and reduce risk of a future hike to 25%, but on the other hand if the 10% tariff is eventually removed I would have stocked up at my highest import costs since the business was founded. Would love to know how everyone has been treating this news, whether taking action or carrying on as normal. [link] [comments]  |
| When do you quit your job to pursue your start up? Posted: 05 Dec 2018 07:22 AM PST I work at a job that pays me pretty well but I absolutely hate it. I'm getting ready to start a new business that will require a lot of time. My wife makes just enough money at her job that we can make it work for 12 months before the new business would need to turn a profit. Do you think it's crazy for me to quit my full time job right now and pour everything I have into the start up? [link] [comments]  |
| Posted: 05 Dec 2018 07:17 AM PST I'm starting up a content/sales/marketing/copywriting business and I want to use "& Sons" in the company name after my last name 'LastName & Sons' My family had a furniture shop in Scotland with this name for centuries so I thought it would be cool to 'revive' it. Just curious what others' opinion of it would be (wife thinks its too pretentious) Thanks :) [link] [comments]  |
| The Best Way To Make Money For Young Entrepreneurs - Invest In Your Education. Posted: 04 Dec 2018 03:38 PM PST I get it, a lot of the people on this sub are new, don't own businesses and are lurking. Having browsed this sub for a long time the level of information provided here is honestly quite poor, yes there are sometimes people who come in with successful businesses and drop great threads (thank god they usually get upvoted) - But a lot of the time it's straight up beginners discussing with beginners, the blind leading the blind so to speak. Sometimes the comments / questions made by users of this sub downright amaze me about how basic they are, and these are people who are about to dive into businesses. I have been a freelance marketer (handle many small business/medium businesses and beginners) for a long time now, as well as own two businesses myself - the questions some clients ask me (especially beginners) are so naive it seems like they haven't researched a single thing on what they are getting into. Guys, please hear me out, there is a reason that 50% of businesses fail in the first 5 years. I used to sit back and wonder always why this stat was so high, but trust me from seeing the level of entry over the last few years (freelancing) I know the answer. It's a pure lack of basic business knowledge. Now i'm not taking a shit on new entrepreneurs, I'm actually doing the opposite, I'm genuinely trying to help. Invest guys, invest hard in your own education. Read INFORMATIVE BOOKS (not subreddit posts), go to university (optional obviously and situational) or complete a small business course, watch udemy videos and develop yourself. You can't just jump into business without even understanding the complete basics. Some people don't even know what google ads are, or facebook audiences, or even how to advertise locally, they don't understand financials or anything related to business. Educate yourselves people, go away from this sub and educate yourself as you really won't find the tools you need to be successful purely from this sub (it's an echo-chamber). There is a difference between diving into a new business venture as an educated entrepreneur, VS starting in the business world itself with absolutely no idea wtf you're doing. TLDR: Move away from this sub if you are a complete beginner and learn the ABC's Of business. [link] [comments]  |
| Posted: 05 Dec 2018 10:03 AM PST |
| Is there a program out there that will help be generate contracts for clients Posted: 05 Dec 2018 08:01 AM PST I am part of a business that serves many clients, and we are thinking about taking on new ones but we needed a way of generating contracts for new clients at an instant since we have gotten requests for agreements on the spot within meeting people. We already have a Microsoft word document going that has all of the terms and agreements, but we use it as a template where there will be some spaces to be occupied by the values of the variables that the client inputs. I am wanting a program that will not only output those variables in certain parts of the document but also do some of the calculations and paste it in the document. Is there a program out there that can accomplish this with the output files in PDF format for signing? We already have a word document created but if we need to convert it to pdf, that would be another challenge but I think we can do it. Must be less than $200 [link] [comments]  |
| Productivity web application with 300k unique users / month. How to make the most out of it? Posted: 05 Dec 2018 09:17 AM PST I have a free notetaking web app, but my users love how it has no ads and it isn't the type of product that people would pay for (currently it's donation-based). I think that it could be a great funnel for another suite of productivity tools. How do I go about exploring integrations or selling the platform all together? [link] [comments]  |
| Choose your competition wisely Posted: 05 Dec 2018 09:13 AM PST Young entrepreneurs today are focusing in the wrong space. The tech/digital space is maturing fast. The product and retail space is mature. Think about your odds of success, risk, and competition. You are competing against silicon valley, big retail, and (in the case of new products) you are training your market. This is all very risky and most entrepreneurs get discouraged and give up. The on-demand economy is booming. Not just Uber - but everyday services. Consumers are outsourcing more and more of the services they need. They are specializing more and more. Nobody is wasting time servicing their home or learning how to do menial but necessary tasks themselves. Businesses are outsourcing more and more and focusing on their core competency. They don't do their own bookkeeping. They don't do their own marketing. Many don't even answer their own phones. Many of these services are hard to scale and require skilled labor so the market is fragmented. Most successful companies service one location and have less than 20 employees. Mom and Pop companies dominate. The barriers to enter are low and it is cheap to get started. You aren't training a market and the market is exploding. You can start out as a freelancer while learning the the, fine tuning your model and deciding when is right for you to grow and become an entrepreneur. The mom and pop companies can't keep up with the growth because they have no desire to scale their companies and do more than make a great life for themselves. There are massive holes in the market. Many companies don't have a website and don't have time to answer the phone. Especially in the large cities with an upper class demographic. You can carve out some business and income quickly in this space. You can then grow and scale with some basic business principles and expand to passive income once the momentum is behind you. Why isn't everyone doing it? You have to work hard. You have to play the long game. It takes years. Its not sexy. You won't end up with a $100M valuation. Start small. Work smart. You can succeed and you can make a great life for yourself while helping the people around you. I did it and so can you. [link] [comments]  |
| Are you holding off on launching something due to the date? Posted: 05 Dec 2018 11:39 AM PST I feel like the release date of something has a mild psychological influence on consumers. I am personally holding off launching some things due to this. [I would rather have everything released in 2019, rather than some stuff released in December 2018, with the rest in 2019] I feel like some people would overlook something released in 2018 when we are into the middle of 2019. I know that this is a weird thought process - i'm wondering if people do something similar. [link] [comments]  |
| How to ready Financial statement? Posted: 05 Dec 2018 01:58 PM PST Can anyone recommend any books/audio books about reading Financial statements. Thanks in advance ☺️ [link] [comments]  |
| Posted: 05 Dec 2018 09:31 AM PST Hi All, I am looking for the best books people have read on Busines Tact. Thank for your recommendations. [link] [comments]  |
| How to make a Business plan for investors? Posted: 05 Dec 2018 01:09 PM PST I'm making a Urban Agriculture business with a friend of mine. Talked to a few guys and they interested in investing, but I need to have a business plan. I have no idea how to do this so can you guys give me any advice about what it needs to have? [link] [comments]  |
| Help with building a strong branding strategy? Posted: 05 Dec 2018 06:55 AM PST Hello, I am looking for help building out a brand strategy. Generally people that i've spoken to consider this to be visual : "logo, web design, business card,etc" but i would like to include "name,copywriting, tone of voice" and to try to combine these all into one effective strategy. Could someone point me to some helpful resources regarding branding strategy? I would gladly pay someone to help me with this. thank you for taking the time to read this! [link] [comments]  |
| Balancing diversity of thought with speed of response Posted: 05 Dec 2018 12:34 PM PST So it would seem the more opinions and perspectives you take into account, the more accurate your final analysis of the situation will be. While this can be good in some situations, it might not be as good in others because while you do have access to more opinions and information, you will also slow down the decision making process significantly by working out conflicts in viewpoints as well as simply just hearing them all out. Sometimes in a situation you simply need a quick response, typically in a corporate or business setting. How can I more correctly evaluate which of these is required for a situation, and how can I decide what kind of environment a business should have between the two. If you were trying to create a corporation you can't exactly just change the entire corporations approach to the "atmosphere" they are trying to build. It may be possible to compartmentalize the two options into different sectors of your business based on their role and pay-grade levels, a tall task surely, so what observations have some of you business owners found? [link] [comments]  |
| Why am I so scared of committing? Posted: 05 Dec 2018 12:33 PM PST I am 15 years old and nearly have my shopify store ready, confident that it will work. I know that it will work out either way but still feel like I need to put so much effort into school. I think it is unneeded stress but can't help myself. I know I will get comments saying I am making the wrong decision, feel free to dm me if you have any concerns. What do you suggest I do to help my self go all in? [link] [comments]  |
| Posted: 05 Dec 2018 12:24 PM PST I am excited to cheer on our CEO as he presents at the Invest Ottawa Accelerator Program Pitch Competition! What are the most recent events you've attended, and how did they go?! [link] [comments]  |
| Is your business website protected? You might be at risk for massive data leaks. Posted: 05 Dec 2018 11:58 AM PST Hey r/Entrepreneur I have created a new company and my first service that deals with website exploits and potential vulnerabilities. Currently, we are only targeting Wordpress websites. As you may know you could have versions or certain plugins that can let hackers get in. You would be surprised on how many people have some sort of vulnerability on your website and what you could be in risk for. Letting hackers in could drive your business sales to zero and data breach of customers information. I am here to offer my service for you and a 50% discount. What you get:
If you'd be interested please contact me and we will be happy to help you. [link] [comments]  |
| How To Build A Successful YouTube Ad? Posted: 05 Dec 2018 11:23 AM PST So I run a branch office of a national real estate brokerage and am learning Facebook ads at the moment and would like to break into YouTube as well. My mentor, who I see very seldom, told me 5 parts to a good video commercial and they are as follows.
This is all very clear to me but I am struggling with number 3. The purpose of my commercial is to generate leads of people who want to sell their homes, the audience is people who want to sell their homes, the command is to go to my website and fill out the opt-in form to get a complimentary home market value estimate. The message is alluding me. It could be that I make the process super easy or that I will get the best price for their home but all this feels so vanilla and boring and average. That stuff all feels like what literally every other real estate agent is saying. BORING!!! What ideas or recommendations do you have for a potential message for this video ad to generate seller leads? [link] [comments]  |
| Posted: 05 Dec 2018 10:57 AM PST I own https://parallelproductz.com/, I have 30 products and will be adding a bunch more today. I have a Twitter and Instagram account for Parallel Productz, and it has been up, and I have been posting daily. How should I get my first sale? What else can I do to get my first sale? I am looking for smaller influences that will put my add up and take a percent of the sales. Does anyone know anything else? [link] [comments]  |
| I made a thing. Where do I post it? Posted: 05 Dec 2018 06:08 AM PST So you put in the hours and you make a productized service for a specific niche audience (in my case, for consultants/freelancers/indie creatives). It's a very useful thing, but no one knows it exists. Where do you post your things? How do you get it in front of the right people without being a slimy sales person? Apart from Product hunt, I mean. Is there a list of lists somewhere, where new services and side-projects can be posted? Thanks entrepreneurs! [link] [comments]  |
| Would you buy this? (Design & Innovation Training) Posted: 05 Dec 2018 08:55 AM PST Hey r/Entrepreneur, Longtime lurker here. I'm currently an innovation consultant and work with startups/founders to help them create products that users want. I hold a number of design an innovation degrees and provide entrepreneurs with a toolkit to create disruptive and innovative products, much like IDEO and Frog Design. First real of design thinking is talk to your users so here I am. Taking my own medicine I'm looking to switch up the consulting model a bit and provide my training via bitesized paid webinars instead. It'd be the full whammy teaching all methods over a few hours. This is something that I know would add value to any business owner but would you actually pay to attend the webinar? If so why and what would you be willing to pay for this? Thanks for you help in advance guys. [link] [comments]  |
| Looking for new business idea. I'll do the work & funding, you get equity for providing the idea. Posted: 05 Dec 2018 12:32 PM PST Basically what the title says. I'm looking for a new business idea. I'll do all the work & funding and you get equity for providing the idea (between 3% - 5%). To be clear, I'm not looking for a co-founder. You'd be a silent partner. I'm hoping that some of you out there see some problems that need addressing but are too busy running your own companies. My background: I've started or been part of 4 online (SaaS) businesses (2 medium successes, 1 small success, 1 failed). My area of expertise is B2B (business to business). I can code. I just sold my last company and need something new to do. I'm located in the US. Idea requirements: 1) Must be in the B2B space - that's where my expertise is 2) Must be bootstrappable (get to first revenue on <$100k investment) You'd get equity with no strings attached. If it becomes a cashflow business, you'll get your proportional cut of the profits. If it sells, you get the equity value. You can post the idea here or DM it to me directly. Happy to answer any questions either in this post or also via DM. Thanks! [link] [comments]  |
| Media Packets, a good sales strategy? Posted: 05 Dec 2018 08:20 AM PST Hello, r/Entrepreneur! I have worked at my company for 6 years as an account manager and have recently purchased a small percent! It's not much but this is a huge step for me, I am finally dipping my toe into the entrepreneur pool! We are a MidWest (Iowa) based, accessory/consumer electronics distribution company. I am eager to try new things to drive sales! I am hoping the group can offer constructive criticism to help me obtain my goal. I am currently planning out my 2019 sales strategies on how I can grow my business, my goal is 20% growth by the end of 2019. On top of attending/exhibiting at trade shows, cold calling, or sending samples, I would like to drop off media packets about my company and our products to new/potential customers. My thoughts are to drop off the packets in person when I am in their cities, is the decision maker is available I will give a short elevator pitch, if not the packet will give all the information. TL;DR Would a media packet be a good sales strategy? Is it better to give a condensed media packet or an in-depth presentation? Are there any companies that help put media packets together? [link] [comments]  |
| Posted: 05 Dec 2018 02:17 AM PST Hi, I plan on launching preorders for a watch im working on in April. I'm taking 3 months to build up an email list and create buzz first. After the initial launch I plan to close preorders and ship in about 3-4 months, taking time to manufacture the watch and ship. What tips or strategys would you suggest for a smoother launch? [link] [comments]  |
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