Wantrepreneur Wednesday! - (January 09, 2019) Entrepreneur |
- Wantrepreneur Wednesday! - (January 09, 2019)
- First $100 from my newest micro-venture (gaming website)
- Help me formulate a cunning royalty deal for my terrible “co-inventor” who ruined my year, my finances, and my relationship with my family.
- This is How I am planning to get MBA without going to MBA college
- I messed up!
- What are great niches for 2019? Service or product...
- Selling PDFs (or other digital goods) online?
- Service Oriented Entrepreneurs, how do you track your employees?
- Incorporating for one person?
- Got my custom packaging!
- Training an assistant
- What are some underrated assets?
- Dropped my design off yesterday for a prototype to be created! Not sure if I'm asking for advice, just excited.
- Software to easily build a sales flier
- How I started a business with a single email (and everyone else too, probably)
- The Startup guide for 2019
- (How Do I) Create an inventory system for a small bulk food store?
- Help me figure out what this type of custom packaging is and how to search for it?
- I'm a university student currently facing some financial turmoil. I'm planning to start a venture in which I can seek out potential clients who could benefit from digital marketing services. I have no affiliation or ties to any agencies though. What can I do about it?
- Frustrated by useless conversation with my attorneys.
- Help needed with uni or not!
- How can i make my business a GREAT business?
- What if your Brand has no real Story?
- Best books or resources to adapt to other people’s personalities?
- In a tight spot, any [legal] help would be great
| Wantrepreneur Wednesday! - (January 09, 2019) Posted: 09 Jan 2019 05:06 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]  |
| First $100 from my newest micro-venture (gaming website) Posted: 09 Jan 2019 06:42 AM PST Hey everyone! Four months ago, I created a gaming website called Awesome Android Games that mainly focuses on Android gaming titles and news, but I feature other game content as well. A few days ago, it earned its first 100 USD, which was a big thing for me - I had that particular mark in mind when I started this micro-venture. The initial investment included $12 for the domain name and the no money for the hosting because I placed the entire site on Blogger. Now, I'm happy to say that my second (first was, obviously, the first sale) milestone came much sooner than expected and I'm quite pleased with how the venture is performing so far. All of the profits came from two types of gigs I sell over Fiverr - I basically offer articles on the website, promoting gaming ventures (released games, portals, crowdfunding, etc.) and articles promoting gaming streamers. A secondary benefit of the website is to push my gaming YouTube channel, which is another one of my micro-ventures (the channel provided me with a source of material for a backlog of articles featuring my older videos). What have I learned so far?
That's all for now, I hope I'll get back when Awesome Android Games hits $1k! [link] [comments]  |
| Posted: 09 Jan 2019 08:35 AM PST Some backstory here. But the TLDR is that my super shitty co-inventor on a patent wants $10 for a limit of 100,000 units sold. This is way too much, as margins are impossible to calculate yet since it's still in prototyping phase. Psychologically, he just wants something that equals to $1M. He has no concept of equity, I offered him 6% of my company and spent $4000 on legal paperwork because he agreed during a legal conference call with my corporate lawyer who negotiated the deal - he didn't sign after it was all done. I then offered him 5% royalties indefinitely for the one device, he refused. Now he is demanding $10 per unit for only 100,000 units sold (I expect to sell a few million over 10 years). I need a deal that appeals to him but works for me - this guy has screwed me so hard, but I need him to assign IP. — So a year ago I quit my job to develop some very promising tech. My cousin, with a science degree, had a brilliant idea that was a world first. The idea was verbal at a family gathering. I immediately took pen to paper and began designing. I did market research etc and quit my job immediately to go all in on this. Within a month our patent search came back clear and we spent 3 months refining the idea to file a provisional while we would develop prototypes for the following year before filing a utility. Well, between the patent search in December and filing in April.....he decided to bring on another cousin, who contributed only a connection to an engineering student - my cousin (it being his idea) talked me into bringing the other, useless cousin on board for his network of business connections. I agreed, on the written agreement we would decide equity division when we incorporated. Well, I incorporated and before signing any documents they decided we were all equal partners and even wanted to give this engineering student 25%......I fought hard to get him down to 5% with a commitment of $15,000 investment and an executive role with executive duties as a chief technical officer (the student was great). They vetoed me on the 5% and wanted to give the student 25% so I conceded on the terms of getting advice from our corporate lawyer first. Of course, the lawyer agreed with me and even said 5% was generous. So they agreed. Well, this left a bad taste in their mouth against me that I wasn't being equal towards the student - who had provided no value to this point anyways aside from some CAD drawings which were paid for by me at an hourly rate. So with this new resentment toward me, they tried to bring two more cousins in - these two cousins didn't respond to a Single message or meeting we had for 3 months. They are poor, underachieving losers who don't even have phones. My "partners" wanted to give them an "opportunity" and also divide equity equal amongst them too! Keep in mind one "partner" only ever spent $335 out of $10,000 by this point. I designed 80% of the device, came up with the entire marketing plan, entire executive summaries, pitch deck, and paid 90% of the bills for trademarking, patenting, websites, incorporating, legal, art for logo, CAD work, everything, even most lunches were on my dime. I have since incorporated a new company for all the other IP, put substantially more into developing more products and have established a distribution network, secured some joint ventures when product is ready, and even found a manufacturer who will give me a 24 month exclusivity on non-patentable parts. My lawyer says I can remove the useless cousin as a "non-cooperative inventor", I've already got the student to assign all his IP to me, it's just my one cousin who had the initial idea is the co-inventor and has ruined my life over his ego. I fought that tooth and nail, caused more resentment towards me. Fast forward to filing the patent and the cousin with the student decided they could run the company better than the cousin who had the idea and myself - they made a PowerPoint presentation for a competitor without our knowledge. I found out this competitor had lawsuits against him for trademark and copyright infringement, and lost my shit on these two idiots. The student 'resigned' (contract had not been signed yet, it was due that week), and the cousin who went with him turned the entire family against me. I have completely lost all relationships with my family over this - but good riddance. So it was down to me and the cousin who had the idea. Well now that it was down to the two of us, he wanted full control of 80%, while working a 14-16 hour demanding factory management job. Met with the lawyer, lawyer educated him on how equity works, cousin freaked out "this was my idea" and has been silent since declining the 6% he initially agreed to be a silent partner and I do all the work. Before he asked for majority, I agreed to 50/50 even though I do all the work, and any future dilution was equally proportional - before all of this, this guy woulda been the best man at my wedding, now he has cost me over $12k in legal fees, my relationship with my family, anxiety, stress, depression, hardship.....but I'm a resilient entrepreneur and I can dust it off. I hope by now you realize what an idiot this guy is. But I need him to assign his IP and after 9 months of trying, he is ready and wants that $1M prize to feed his ego "this was my $1M idea, look at me I'm a genius." So how do I do this agreement? Offer $5 for 200k units based on a formula that the $5 is based on a dynamic % of MSRP.....so let's say MSRP is $160 his $5 = 3.13%. Applying 3.13% to wholesale at $80 only gives him $2.50 and not the $5. Most of the business will be wholesale. I need to be cunning about the formula and make it seem very generous, like it's his idea (which it technically is), but works to my benefit and not his. I would rather see him make $250,000 or less, than $1M. "Success is like pregnancy, everyone says congratulations but nobody knows how many times you got fucked." -Dan Peña [link] [comments]  |
| This is How I am planning to get MBA without going to MBA college Posted: 09 Jan 2019 11:25 AM PST I am interested in learning about business. But not interested in going to college especially after going to engineering college. I knew MBA college costs money and in return, I will get very less value. So I decided to get MBA without getting the degree. My goal is to get effective business knowledge and gain some practical experience. I may not be able to get the detailed theory knowledge that MBA graduates have but I think I will have enough knowledge and skills to run a company. ( inshort I want to make myself capable enough to equally compete with big MBA College graduates). So, here's the plan Reading these books
Reading and learning how Apple and Lego went from Nearly Bankrupt to Sucess. (Like a case study) For Practical experience (also need some advice from you guys)
I will also grab some knowledge from blogs and youtube videos as well. I will also read more case studies on business to get ideas on what different strategies worked on different business. That's it. This is my 6-month plan. I will try to finish all the book in 4 months but the online site project will remain ON. Note: I added few books because I don't want to get just knowledge from lot of books and not using any of their teachings. And it's also easy to remember the small amount of info. This is not the perfect plan so if you have anything to add or remove. I would happy to read your suggestions. [link] [comments]  |
| Posted: 08 Jan 2019 09:05 PM PST Well, I made a small but big mistake with a product I really didn't expect to take off, and it could have cost me hundreds or even thousands of dollars in profits. What happened? Well, I designed a small, 3D printed tool for automotive use for a friend. I normally would have charged him an hour of time for measuring, 3D design, printing a prototype out of cheap filament, then producing the final product in a higher quality material. Normally clients want to produce or sell the products themselves, but he said he just wanted one and if I didn't charge him I could try selling it. Deal! I was able to sell around 7 or 8 of these things with something like 1200% ~~profit margins~~ markup on each one, which more than paid for my time to design the tool and the small amount of Facebook advertising I did. I left the product up on the site but stopped advertising, sales stopped rolling in, no big deal. I had no expectations at all for this tool and thought it was lucky that I actually came out on top in the first place. Skip forward a few weeks and my dad gets sick, spends over a month hospitalized, and passes away. I put my business on hold for the time but don't take down the website, but still aren't getting any orders for anything, which is fine because I'm dealing with estate related things, helping my brother move, all kinds of stuff. My business had just been side-project level at this point anyway, and in my mind nothing has been lost but a bit of time. Skip forward again to yesterday, almost 4 months since I originally made the tool in question and posted it to my website. I have some time and take a look at the website and my traffic levels. What's this? 5-10 visits on the daily...from search engines? That's weird. Hmm, most of those visitors make it as far as the checkout webpage before leaving. What the heck? All of those visits are from the USA, and I had my storefront setup not to ship to the USA (I'm in Canada). This traffic goes back almost 2.5 months. Some days no visitors, some days 20+, but on average 5-10. I do a quick google search and if you search for the type of tool I made, my website comes up first on Google search results. HOLY SHIT. SEO game on point, I guess. Anyway, I setup USA shipping yesterday and today I got orders for six tools. While that's not much it's my personal best day for orders ever. Moral of the story? Make sure you're checking where your traffic is coming from and make sure you're setup to ship to the places the buyers are. TL;DR: I made something, it got popular, but my e-store wasn't configured to ship to the USA and I potentially missed out on hundreds or thousands of dollars of revenue. Edit: Used profit margin, meant markup. Messed up again! The response to this post has been pretty overwhelming and I've received a ton of great advice. [link] [comments]  |
| What are great niches for 2019? Service or product... Posted: 09 Jan 2019 08:26 AM PST Hey there! I know...this is not the best question to ask, but maybe anyone in here has some answers. I am a full time web designer and ran 2 ecommerce / service businesses in the past. I´ve left both as I wanted to focus on family and the main job. For 2019 I would like to get my hands on something new...to learn, to have a challenge and of course with the goal to grow and make money. So...what are some really cool, growing niches in early 2019? No matter if it´s a product (like vaping stuff for example) or a service (online like web design or offline like cleaning offices). The advantages in my situation are: I am from germany, we seem to be a few steps behind the states for example. If you guys in the USA have some cool stuff which is booming, I am sure we can count with it coming over sooner or later. Also as I am a web designer, creating the needed website for promo or offering the stuff is no big thing for me. But...this post should benefit everyone in here...I am not asking for anyone to offer me his ideas and copy it. No need to get into competition with our fellow friends in here, but there´s so much business out there, maybe we can give each other ideas so someone can start his business today... Have a great day! [link] [comments]  |
| Selling PDFs (or other digital goods) online? Posted: 09 Jan 2019 10:19 AM PST Hi - I'm wondering if anyone has tried (or seen results) selling PDFs online. I'm thinking back to results from 2011 like the "Truth About Six Pack Abs" guy: https://tim.blog/2011/11/02/the-truth-about-abs-mike-geary/ or even the examine.com founders. I'm just wondering if anyone is doing this, successfully acquiring traffic and selling a product, or if anyone has tried and learned any lessons. And, if the strategy a few years ago was to sell a high-margin PDF online, how has that shifted with mobile? Seems like you can't sell a PDF download anymore... Thanks! [link] [comments]  |
| Service Oriented Entrepreneurs, how do you track your employees? Posted: 09 Jan 2019 09:13 AM PST I just bit the bullet and opened a janitorial company. As my family has been doing this work their entire lives I'm very well versed in whats required, a high standard of work, chemicals, equipment etc. The one periodic complication that I've seen plague my family's business is finding reliable workers who will work to the level they delivered on. This led me to pondering how I could go about it to better mitigate such risks. Firstly, I plan on doing a thorough vetting process when hiring staff. References, background check and key questions related to work experience. That being said, I know that will inherently only go so far. For the people here who run a service based business and either have employees or sub-contractors doing their work, what steps or methods have you implemented to ensure your quality of work, efficiency and reliability are kept to a standard you are happy with? Thank you in advance! [link] [comments]  |
| Posted: 09 Jan 2019 09:11 AM PST Based on my somewhat limited knowledge of the differences between LLCs and Sole Proprietaries, I am looking to incorporate, but seems weird doing it for just me. Are there templates or suggestions that anyone has as to how I go about this? Cheers! [link] [comments]  |
| Posted: 09 Jan 2019 09:13 AM PST I'm super pumped, I started a monthly subscription business last year and we were using some pre-made boxes with a giant sticker for the label - it wasn't bad, but it wasn't what we wanted. I spent some time and got some .ai basics down so I could design a custom box for us and I couldn't be happier. The branding looks so much cleaner and professional and legit. I spent a few weeks going to different box manufacturers and talking to different vendors - *most* which were very unhelpful for an order of 500-1000 units. One company even mis-quoted me $900 just for shipping and when I asked about it e-mailed me back with a "lol". Yikes. I just wanted to share this with someone. Thanks for the good reads and inspiration /r/Enterpreneur [link] [comments]  |
| Posted: 09 Jan 2019 10:21 AM PST I'm noticing I really struggle with relinquishing control and I waste time on petty tasks and then I feel frustrated with my assistant. Someone told me to have my systems in order so I can explain them easier. But in my attempt to do this, I'm doing more busy work. What has been your best method of training an assistant? How long did you need to work with them before things started running smoothly? [link] [comments]  |
| What are some underrated assets? Posted: 09 Jan 2019 11:35 AM PST |
| Posted: 09 Jan 2019 01:35 PM PST I started a nonprofit a few years ago. While I found some success with that, I was severely limited because I could never put in the time I needed to make it grow bigger. I couldn't just not work to put more focus on it, I was already working 30-40 hours a week on top of my day job. I loved what that success brought me, and having the freedom to think of an idea and work to have it realized. I decided I wanted to start another company, for profit this time. After lots and lots of brainstorming and figuring out if other products/companies were viable, I settled on a product idea I've had for a while. While I'm waiting to see the working prototype, I'm putting together a list of locally owned stores in my state. My plan is to use that prototype to sell to these stores. I want to find a few that I can get feedback from and improve the design before a production run is ordered. There are a lot of other steps I need to take, like actually incorporating. Plus patenting, trademarks, all that fun stuff. I can't wait to see what this product looks like. It's been in my head for such a long time. Taking the plunge! Wish me luck. [link] [comments]  |
| Software to easily build a sales flier Posted: 09 Jan 2019 01:03 PM PST Can someone recommend software, phone or computer based, that I can build a good looking, single page, sales flier as a leave behind to an in person cold call? [link] [comments]  |
| How I started a business with a single email (and everyone else too, probably) Posted: 09 Jan 2019 09:54 AM PST It's human nature to fight back against criticism, even constructive criticism. We have a tendency to be skeptical of what we hear. And when logical, sound advice sounds even remotely fishy, we'll start digging through it to find something. Something controversial or thought-provoking that can be ripped apart when taken out of context. ... Many are afraid of taking the first step due to a number of of fears holding them back. In reality you can be hopelessly lost and make lots of mistakes along the way, but you will succeed if you do one thing right — and that is understanding business problems that others face. I'm going to show you the five crucial things I did when helping start my business. 1. I found a problem that needed solving I wanted to solve the problem support staff and their customers face. That is, our solution isn't about some noble idea to improve customer service. It's about addressing obstacles that support agents and site visitors face day in and day out. When I set out to find the problem that plagued users of support software, I did so by sending a simple email to people I knew beforehand. These were friends, family, former business partners. The email looked something like this: "I wonder how you communicate between your team and your clients. What tools do you use? What are they lacking in that you'd want to see improved?" I sat back and waited for my test subjects to describe their problem areas and applications. This part could take a long time, especially until you get a "bite", so patience is key. Note that I left the questions relatively open-ended which allowed me to explore any problem I was presented with. Since the productivity and earning potential of successful ideas can be tracked down to an initial problem, this was an excellent starting point for developing my idea. When I got the first few responses to my emails, it was an exciting time. One person in particular was struggling with tracking customer feedback but really needed a singular solution that would allow him to offer better one on one communication too. At that point I realized I had a golden opportunity to really make a difference for that person. 2. I brainstormed a solution When I had a good idea of what my potential customer wanted, I began coming up with a flowchart that I could work with. Since we made pretty good initial rapport, I felt comfortable sending him an email sharing my process so that we understood each other better. I found that this reinforced the significance of his problem and further gave weight to my idea. During our third conversation together, I began asking what he'd like the product to look like. Back then, there were no fancy wire framing tools like Balsamiq so I had to do some improvising. I studied the UI of software like MS Outlook and Hotmail which was used often and was familiar many. To top it off, I had pretty good UI/UX skills and knew my way around Photoshop, so I opened up then-popular Macromedia Fireworks and put together some ideas to make a preliminary mock-up. As soon as my sketches were ready, I sent them out. I was surprised as he said it was exactly what he was looking for. I wasted no time to get on the phone to ask for specific feedback and discuss the next steps. 3. I looked for early validation Now that my potential client had a good idea what the software entails and how it's supposed to look like, it was time to ask him if he knew anyone else who could use it in his industry. He was a tax accountant primarily working with the public, and had a well established YouTube channel and wanted to move his YouTube community to a more engaging way to present answers about best practices, tax exemptions or policy changes. I suggested making a system of targeted feedback in conjunction with a feature we now call instant answers. All this could minimize the volume of his support and maximize efficiency. He was sold. The best part? Since I received other emails describing problems other businesses faced, I could come back to them to see if my solution could be applied to their problems. This boosted my confidence and determination to get this project off the ground. 4. I assembled a team Finding someone to help you realize your dream isn't difficult if you have a large network of people to reach out to. Not knowing anyone is hardly an excuse in this day and age — you can do what I've done and achieve similar results: As someone who knew a few things about UI/UX design, I used AngelList and co-founder listings to broaden my network. What I did was offer my design skills and in return asked a developer to take a look at my process flowchart. This allowed me to collaborate with a bunch of awesome developers and gave me a thorough understanding of what it would take to get my app up and running. Conventional wisdom would dictate you look for developers on LinkedIn or through referrals and career sites. I've found a slightly different (and better) approach than this. I joined a number of open source groups (Think Google Groups and StackExchange) and sent an email to some of the top PHP contributors in these groups. Not everyone responded to my emails. Some outright laughed at me. Others weren't qualified or serious about undertaking the project. The big questions is always that of compensation. Work out your budget and projections ahead of time and talk equity early on. This is imperative if you want to maintain control over the situation (note: being a control freak helps). 5. I finally launched There are many things to do before you actually launch your product to the masses. You're going to need more customers, more ways to validate your idea. Now's a good time to touch base with your previous contacts and get referrals from them, too. It took me just under a year to wrap up development of the first phase: the feedback community. We launched our community with Betalist in 2013 and managed to rack up over 150 subscribers that day. 10 of whom signed up and became our fist paying customers. The following month was one of the most exciting and happiest times of my life. We launched a basic website and landing page to drive more traffic to our site. You're not out of the woods yet The first year of developing Helprace was the most difficult period of my life. I was alone and full of doubts because I had no safety net or community to support me. What if I failed to launch and burned through my savings in the process? I would have to downsize. Move in with my parents. I would be known as a failure. There was simply no going back if things turned out any other way. What kept me going through this difficult time was knowing that I'll be helping out a lot of businesses. Customer support is probably the most important dimension of any business, particularly in SaaS or e-commerce. It's key to their marketing, sales, onboarding and customer retention efforts. We all have something slowing us down. Too little time. Weighty personal commitments. No money to invest. Limited or no business experience. Lack of confidence and self-doubt. But none of that matters until you get your first few customers. [link] [comments]  |
| Posted: 09 Jan 2019 12:04 PM PST Hi everyone. I recently wrote a guide for Startups in 2019, given that this year might be the most competitive ever regarding new businesses. Let me share it with you: https://www.imaginarycloud.com/blog/startup-web-guide/ I focused on new tendencies, business tips and on the important of some web elements and I hope you find it helpful. I came from a Startup background as well and would very much like to help others anyway I can through this. [link] [comments]  |
| (How Do I) Create an inventory system for a small bulk food store? Posted: 09 Jan 2019 11:56 AM PST Hey there! Sorry if this is a tad long. I opened my cute little bulk food store in November and couldn't be happier! It's awesome! I have figured out basic accounting and have a meeting scheduled with the accountant to make sure that I am inputting things correctly. The part where I am getting stuck is with inventory. Sure the kitchenware & bakeware items are easy. I count them. However - the bulk items that are sold based on weight is where I'm getting stumped. I'm not using a software based POS. I've experienced when they mess up and you lose 16 months of data. I have a plain cash till with programmed departments. I weight the item on the scale and input the price into the till and choose which department the item fits (chocolate, candy, flour, nuts, etc.) Currently I can track which department is selling well but not by item through the till. I know what is a good seller based on how often I re-fill the bin and re-order as boxes empty. My accounting packet is accountedge. It's one I'm familiar with and is one of the only ones that isn't cloud based for Mac. I'm still not comfortable with the whole Cloud thing. So really - any help with figuring out how to track inventory would be fantastic! [link] [comments]  |
| Help me figure out what this type of custom packaging is and how to search for it? Posted: 09 Jan 2019 11:48 AM PST I'm at a point where I don't know what I don't know, and I'm having a hard time finding what I need so I'm hoping one of you knows what I'm describing and how to find it. I'm going to be shipping cases of somewhat fragile bottles, so I want custom foam/styrofoam/whatever-the-actual-material-is inserts that fit the bottle size/shape so I can help protect them during shipping. They would be cut to the length & width of the box, each sheet would fit a certain number of bottles, and there would be several layers of sheets/bottles per box. Googling "custom foam insert" leads me to a lot of suppliers of custom gun cases, for some reason. I'm going to be ordering a lot of these foam sheets, and they don't need to be anything fancy. I see these types of inserts all the time but I have no idea where to get them. Thanks! [link] [comments]  |
| Posted: 09 Jan 2019 11:29 AM PST Hi, To give you guys a bit of a background, I'm a university student currently studying abroad in an English speaking country located in South East Asia. Due to some unfavorable recent developments, I have lost my parents' financial support and must now look for potential ways to make ends meet. I'm 19 months away from graduating with my honors bachelors degree and I desperately want to stay here to receive it. My only issue is that I cannot legally work in this country seeing as how I'm here on a student visa, forbidding me from taking up any means of employment. I've explored various means of acquiring some form of income ranging from tutoring, dog walking, creating PowerPoint slides, and companionship escorting (which has made me the most money thus far). Companionship escorting essentially consists of meeting gay men off dating apps and spending however many hours with them at a bar, restaurant, or movie theatre. I do not engage in any sexual acts and state my boundaries clearly before I rendezvous with the individual. I get paid 50 an hour however the work is extremely uncomfortable, the men are always bound to gradually push boundaries sooner or later, and there's always the sexual intent behind it which doesn't sit well with me. For reference, I am a straight male. Over the course of the past few weeks, I've been researching other potential options I may have at my disposal and concluded that I could potentially make enough money in digital marketing. I have experience with social media advertising and content management, have owned and utilized a few large social media accounts I used to promote CPA offers on and am skilled at growing certain niched pages. I'm also relatively familiar with SEO and in the process of completing my Google Analytics certification course. I've been considering attempting to find clientele in my region who could potentially benefit from a more prominent online presence and offer to provide the services needed to do so. I'm prepared to write a lot of emails, make a lot of cold calls and do a lot of sales work. I like to believe I possess relatively proficient presentational skills and can definitely utilize the experience obtained from doing sales before. I was planning on targeting small businesses such as bars, restaurants, night clubs, gyms/fitness centers, salons, etc and preparing an evaluation using some other agency's free evaluation service, and then discussing potential strategies they could implement to increase their brand awareness and number of conversions/clients. I'd handle the social media management and whatever other services such as SEO, I'd buy services of freelancers on BHW or Upwork to deliver. The only issue with my plan is that I have no substance or portfolio behind my name, which will make any client I speak with hesitant to proceed with my proposal. After all, I'm just some kid coming up to them and promising to improve their business in exchange for monetary gain. I don't have anything to offer that could back up my claims, hence why I'm seeking some small agency or firm to take me on board and grant me that affiliation. Im open to any and all advice you guys can give me on this potential venture of mine. I'm not too sure about all the logistics yet but am fairly certain I can follow through on this. Please let me know your thoughts. Edit: Forgot to mention that my tuition is paid for, it's just the rent and food that I have to provide for myself at this point. Here's a post I wrote not too long ago on my main account that gives some more background as to how I lost my parents' safety net. https://www.reddit.com/r/personalfinance/comments/a5i16v/my_stepfather_lost_his_job_and_racked_up_a_lot_of/?st=JQPKQI5U&sh=643d8ee4 [link] [comments]  |
| Frustrated by useless conversation with my attorneys. Posted: 09 Jan 2019 11:14 AM PST Help please. Just got off a half-hour phone call with my attorneys. The call was for the purpose of answering a direct question. The attorneys spent most of the time talking, without answering my question straightforwardly. I got off the call with no new information and feel like my time was totally wasted. I am new at this and feel stupid. I want to voice my complaint in a tactful yet firm way. Are they still able to charge me if the conversation was utterly unproductive? [link] [comments]  |
| Posted: 09 Jan 2019 10:53 AM PST I know this may have been posted however I think a fresh take on this could be good due to people in here maybe in the same situation! So background I'm 17, from England! I have worked within my family business since I could stack a shelf and worked for my self in year 5 (9 years old ish) selling personal portraits through Skype, made £2 and was over the moon, since then it changed to candy, reselling and has progressed! I have a couple possible ventures in mind and as I get older I see things in different ways and understand how stuff works just a little bit better! Uni season is approaching and I just can't work out what to do, all of my courses are entrepreneurship and business management, surely I don't need this if I can do it on my own? Would an apprenticeship be worth it? I love teaching and would be the end goal so I would need a degree! So what would be you're advice on what to do? Did you go to uni? Did it help you in your entrepreneur ventures? The uni is about 5 hours away from home so it's quite overwhelming! Thank you in advance! [link] [comments]  |
| How can i make my business a GREAT business? Posted: 09 Jan 2019 10:34 AM PST Hi everyone. I have since 2014 an online business, a Vintage Fashion and Home Decor shop originally hosted in Etsy but 3 years ago i created my own web page boboCOLLECTEDfor the store and i work HARD HARD for making it a good business. For first 3 years I had a relatively growing and sustained income, but never more than $200 per week in revenue. Some weeks i dont sale a thing and as usual or expected, in Christmas i sale more items. My main issue is that doesnt matter how much i work or invest in marketing, i am stuck in my revenue, no more growing in last 2 years. I dont see what i can do for increasing the revenue to maybe $400 per week (will be so good), but i also dont know what i can do for pushing the growing curve of income, making it stable and grow grow instead of stuck on same numbers as today. I did and do facebook ads, instagram ads, twitter etc etc... but that things seem like they lost effectiveness. So, if any person has tips for someone like my case, please, i will be honored reading opinions and views from outsiders and / or other entrepreneurs. Thanks [link] [comments]  |
| What if your Brand has no real Story? Posted: 09 Jan 2019 02:09 PM PST Hello redditers and entrepreneurs. First of all let me in introduce myself shortly. My name is Bas, I am from Holland, former infantryman of the Dutch Army and now trying hard to be a succesfull entrepreneur. A while back I've set up a small business in handmade paracord bracelets now called Christian B. which is a dutch webshop. And since a while on Etsy. Did the whole process all by myself to learn all kind of things that come across by running your own business. Now when it comes to marketing I am having a hard time, I know it is very important that your brand needs to have a story to tell, people need to earn trust with your brand. But what if your brand doesnt have a real story to tell? I am a bad lier. I started this small business with the idea to do what I love and make a living with it. I sell top quality handmade bracelets but thats it. How do I make a story that is not 'lying' or 'made up', something I can believe in myself so I can transfer this story to my customers and gain their trust? Thanks in advance! Cheers [link] [comments]  |
| Best books or resources to adapt to other people’s personalities? Posted: 09 Jan 2019 02:04 PM PST So what are some books or resources to help me lose my ego and expand my circle? There are times where depending on the other individuals personality I can really engage and have meaningful conversations, but with other personalities I'm not as interested and shut myself off because of their personality... Do you guys have any resources on how to expand your connections and make friends? I believe as entrepreneurs we should connect with as many people as possible, as meeting new people can expand to greater possibilities... or insert some tips you guys use when dealing with certain personality types? [link] [comments]  |
| In a tight spot, any [legal] help would be great Posted: 09 Jan 2019 01:51 PM PST A business partner and i started a local service company a couple years ago, we filed the company as a multi member llc and both of us shared 50% of the company. we soon hired employees and leased an office in downtown. after the lease was up we signed a 36m lease on a bigger office but we had to get an investor on board to help pay for the new lease to move in (first, last, and security). since we had spend damn near all of our money on equipment and employee pay, that left me broke and $40k in personal debt due to medical expenses and credit cards (since we had to reinvest most of our income to grow the company). however 6 months into this lease we're told we had to move 20 miles east due to a territorial issue with the products we were selling and a local competitor 10 miles away. The investor leased out two big office spaces and we had to put up a chunk for a line of credit for consistent income. in turn we closed our company and reopened under a different name, i was no where on the new company so now i went from partner to employee with employee pay? why did i have to put in $XX thousand for the line of credit if that was a partner thing then? now im barely paying my bills and took a pay cut (basically they became close friends and said either i take $X amount or find another job. i had spend 2 years helping to build this company, took home shit pay, half of my money went into paying for all of the equipment that now their profiting from, a line of credit that makes no sense (was supposed to be for if we have not enough work, we would pull from the credit to keep it as consistent income. yet if i can only work, say, 20 hours for example, that's all i get paid for) i havent made a credit card payment in 4 months since i have no money, and my wife cant work. i've invested my whole savings into this business, went from being debt free and $80k per year, great self esteem to maybe $30k per year with $40k in debt, severe anxiety and being pushed out of company ownership. and on top of that, there's an old debt that we have to pay for that i cant afford. i'm behind on rent, cc payments, car insurance is about to cancel and a negative bank account. if i decide to leave, what am i entitled to? can i demand to withdraw my portion of the line of credit towards the new business? (that would be the only money i'd have left to my name) am i able to demand a portion of the equipment that they will still be using? or do i just go, and try to start a new venture? any advice would help since i'm about to effing lose it. [link] [comments]  |
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