I send a follow up email if an invoice is 1 day past due. Is that tacky? small business |
- I send a follow up email if an invoice is 1 day past due. Is that tacky?
- Is the CEO responsible for market analysis or am I suppose to hire someone to do this?
- Does anyone know of a good shipping label printer that is easily compatible with shopify shipping?
- Shared inbox?
- Logo
- What has been the most successful way you market your business? If social, what specifically?
- Inventory Management tips to avoid going ‘out of stock’
- Retain key employee. Give options. Tell me how.
- Good business(es) for a small, mountain town?
- Desi Apps
- Starting specialty sandwich shop- business plan and prices
- Laundromats Obsolete?
- My current business Problems and Solutions. Am I on the right track business veterans?
- Thoughts on a Property Management Business
- in-store & online sales inventory
- What do you care more about - profit per item or margin per item?
- I plan on starting a sole proprietorship business (in California) selling art online.
- Not sure how big of a deal it is...
- Shipping ~1000 units from HK to US. Let me know why my plan is stupid and how I should improve it.
- Courier service rates?
- I am looking to hire and will be setting up interviews shortly. Is there a calendar tool I can use to accomplish this?
- Tips from successful/experienced small business owners
- I'm struggling with hiring my first employee. Any small business owner found this hard too?
- Are you considering expanding your business to international markets? If so, why?
- Drop shipping/ Fulfilled by Amazon/ Jungle Scout
| I send a follow up email if an invoice is 1 day past due. Is that tacky? Posted: 25 Feb 2019 07:48 AM PST Net 30 sucks and I need the cash! But hate feeling like I'm nagging Quick edit cousins: I send a reminder a week in advance, but I was concerned that sending another reminder as SOON as it's overdue is tacky. Thanks to this sub, I'm hunting down my money. NO EXCUSES [link] [comments]  |
| Is the CEO responsible for market analysis or am I suppose to hire someone to do this? Posted: 26 Feb 2019 12:25 AM PST I run a tour bus business in Hollywood, Los Angeles CA. I know they will want to see a lot of information about the business. I am certain of business growth, opportunity to scale, and profitability. I think I have a good chance to secure an angel investor, because my business not an idea, its been operational. The place where I lack pages of data is market analysis. I know who my customers are based on who comes in person and takes a tour (international tourists, not too many locals or out of state USA). I know also area codes of customers phone calls. I collect some information from customer email inquiries and online payments (but dont have hundreds of thousands). Since I havent successfully driven traffic to my website online I dont have enough numbers of geographic data. If I can hire someone to do market analysis for my industry, can anyone recommend any market users they have used and were satisfied with? OR How do I find and hire a good one? [link] [comments]  |
| Does anyone know of a good shipping label printer that is easily compatible with shopify shipping? Posted: 25 Feb 2019 09:02 PM PST I've done numerous stores before and always use a regular printer onto sticker paper and so on, but with my new site that is too time consuming. I'm hoping there is a good printer than is meant for labels that can bang them out? [link] [comments]  |
| Posted: 26 Feb 2019 12:07 AM PST Hi all, I'm currently working with 1 freelancer and 2 more freelancers will join soon. Since they all work part-time, and will have similar roles (online marketing, link-building, sales), I would like to have a role-based mailbox (e.g. sales@ or support@), so simpler questions can be answered by anyone who's currently available. Are there any decent tools that solve this problem? I guess you can use Zendesk Support for it, but we also want to start conversations not just response to support requests. Plus, it seems bulky. Preferable it's also a solution that's more established with a proven track record. I found Front App which seems interesting for this use case, and also Hiver and Helpmonks. But I've never heard of any of those tools. Maybe someone else has some experience with a shared mailbox solution? [link] [comments]  |
| Posted: 25 Feb 2019 05:12 PM PST |
| What has been the most successful way you market your business? If social, what specifically? Posted: 25 Feb 2019 05:09 PM PST |
| Inventory Management tips to avoid going ‘out of stock’ Posted: 26 Feb 2019 12:45 AM PST Change in the retail industry is occurring at a breakneck pace and retailers need to take a moment to consider how emerging and disruptive trends are fundamentally transforming the business – possibly making past practices outdated and irrelevant. A business concept that increasingly is becoming a focal point for many retailers is to provide customers with a seamless brand experience across all engagement channels – digital, store, mobile, social and perhaps many others to come. However, there are significant operational implications for one of the most important assets on a retailer's balance sheet: inventory. Managing your inventory is almost becoming a fine art – Effective inventory management would require a core team of planners and allocators for various engagement channels, which is expensive and time consuming. New technology is now in place to help retailers manage inventory effectively and on time with just a few taps. Managing the stock – getting it right – Too little inventory can lead to unsatisfied consumer demand and missed sales opportunities, whereas too much can reduce margins, as deep markdowns become necessary to clear obsolete products. As a consequence, retail managers may not be able to use traditional methods to gauge improvement in inventory turnover since customers increasingly engage with and purchase from any channel. The role of tech – You need the agility, flexibility, and interoperability of tech-forward inventory and operations platforms to gain the supply chain transparency and operational efficiency needed to maximize profitably while meeting the demands of today's customers. By syncing all your accounting, purchase orders, sales channels, POS systems, warehousing, shipping and fulfillment technologies, SaaS programs can streamline your existing tools into a customized, automated, and scalable workflow. This kind of automation and centralization are enabling growing retailers to accurately track inventory and business data across all sales and fulfillment channels. Having purchase orders, stock counts, sales data, and shipping and fulfillment information in a single location has helped customers improve inventory and operational efficiencies. Modern software removes much of the day-to-day supply chain challenges and decisions, because inventory decisions are based on proven algorithms rather than guesswork or costly trial and error." Do you know how much your current inventory processes are truly costing you? Get a free demo to see how inventory management can be centrallised and thereby providing the efficiency and visibility your business needs for success. [link] [comments]  |
| Retain key employee. Give options. Tell me how. Posted: 25 Feb 2019 07:37 PM PST Title says it all. How do I retain a key employee? I can't pay more, but I'm willing to give options, not equity at this point. How to do this? what are the implications? pros? cons? (cue in typical advice: ask a lawyer). Edit: for clarity what I am seeking is to give out equity/share options [link] [comments]  |
| Good business(es) for a small, mountain town? Posted: 25 Feb 2019 07:24 PM PST I just moved to a smallish town in the Colorado foothills. The population is about 10k - mostly families and retirees. I'm not happy with my current job with a major consultancy, and I don't think I'll ever be happy with any 9-5 job, so I'm looking to start something on my own. I have around $30-40k that I could use to start, but would rather start with less, obviously. My concern is that there seems to be 1 or 2 of everything in town, and since it's a small town that is fairly insulated it probably can't support much more. I'm wondering whether you guys have any advice on this? How big does a town/city need to be to support multiples of businesses that aren't restaurant/retail/bars? I've combed through hundreds of threads on this subreddit over the weekend and some of the following ideas caught my eye: -Pressure washing -Eco-friendly waste disposal -Ghost restaurant with delivery -Delivery service for local restaurants (no grubhub or delivery here) -Healthy vending machines around town/schools/gyms -Niche retail shop (tea, spices, oils, vinegars) -Juice bar -Gourmet ice cream (we have a Baskin Robbins... it's also cold 6 months of the year) -Outfitter / outdoor gear / clothing (very active town) -Cryotherapy bar / spa (one just opened in town, so doubt another would work) Do anything of the above seem like they could support a livable wage in a small mountain town? Other ideas? As you can tell, I'm just starting out, so please let me know how I can improve my question. [link] [comments]  |
| Posted: 26 Feb 2019 01:16 AM PST Desi Apps are designed to provide you services at your fingertips in a single click, whether you are planning an event, building a home or renovating your home. These apps have a user-friendly interface connected with a software system of service providers, suppliers and retailers for you to request an estimate, place your order and receive invoices. Simply select your app and manage everthing at one place. Desi Apps [link] [comments]  |
| Starting specialty sandwich shop- business plan and prices Posted: 25 Feb 2019 07:17 PM PST I am in the process of creating a business plan for a specialty sandwich shop where I'll be making home-made bread and pizza and primarily using fresh produce and specialty meats and cheeses imported from Italy. Are there any good sources to find costs of these products, wholesale vs retail, in both US and Italy (export) markets? In general are there any best practices that I should know? Is there any way to preemptively account for seasonal fluctuations? I'm in a top 10 largest US city with many options for local importing, but they only want to talk when the business is close to up and running. I'm likely more than a year out, plan on incorporating within a couple months and securing investment in about the same time (hopefully.) Obviously, just going to the supermarket is going to provide inflated prices compared to wholesale. And going to a wholesale club, like Costco, may be a good local option, but aside from some produce, they won't have much of what I will require. [link] [comments]  |
| Posted: 25 Feb 2019 06:36 PM PST Are laundromats still a good investment? I see posts about people making pretty good money with them but I think in the near future they are going to be obsolete. Any reply is helpful. [link] [comments]  |
| My current business Problems and Solutions. Am I on the right track business veterans? Posted: 25 Feb 2019 06:28 PM PST Hello everyone, I currently own a tour bus business in Hollywood, Los Angeles CA. This is now my 2nd year in this business and my in laws are the one that bought it hoping I would have a sustainable source of income with their son. They dont want me missing out on my first child's journey to adulthood like they did because they were busy trying to support the family. Their intentions were great, but they obviously did not do their research and know nothing about this industry. They do not know how complex running a business in 21st century is and especially how a lot of business are done electronically. They just knew business was the only way I would be able to own my time and money while raising a family. However, my competitors are trying to kick me out before I get any stronger. They waited for a year,thinking I wouldn't last, either I end up quitting or be financially incapable of continuing. They have paid my employees off, bothered my sales team, violated territory perimeters. This business is seasonal, peak season period is May-September. Busiest holidays: Thanksgiving,Christmas, New Years. A little burst during the spring break. I know have to be ready by summer. Since Im running against the clock, I know the decisions I make now are going to be crucial in how soon I can build up and sell this business. This is why I came to reddit for insights. Decisions, problems, solutions, questions: Goal: I have decided to sell the business by building it up and differentiate myself from my competitors by rebranding the company, making it to online customer based business, hiring a professional loyal team and staff. So far, all the companies are offering customers the bare minimum and using low quality employees. I believe that customers will go for the company is better, even if it costs just a little more. Real estate agents have told me that I will have to sell to foreign buyers. No well established American buyer will have interest in this business. These group of buyers tend to look for businesses thats been open for 12+ years with a well running system in place. The other reason why I set for next year is because when I was about to give up, I put an ad up on a non-American newspaper. 2 buyers literally came to the office and offered to buy it, provided 2019 summer profits were to their liking. Millionaire dollar question: What should I prioritize on first? Or do I have to do several thing simultaneously if I want to sell this business by next year? I hired a business consultant but he's expensive to get help from. Im running out of capital, and no I have not taken out any business loans yet. Im not at the point of being able to pitch to Venture Capitalist. I need an angel investor: I dont have anyone who has the knowledge + connections+ experience to succeed the business. I need someone who will be like a partnerand a mentor, being involved in decision making and strategy. Yes I have a business plan and my consultant did help me with writing one so that I can present to investors.Would the chamber of commerce be any help when it comes to connecting me to an angel investor? Would mentors from SBA be able to help me with this? It turns out to be a highly competitive cut throat industry so I must resort to converting 70% of sales to online reservations. Until January, I have been depending on direct on the street sales team to bring in revenue.Do any of you use Sumo or some kind of company that helps with generating and increasing online sales volume? Has it worked for your business? If so,how long did it take to be effective and by how much (20-50%?)?Or do I need to hire a marketing coach like Grant Cardone or a digital marketing agency? How much do I have to spend on SEO service? Do I need SEO when Im transitioning into new company website? All suggestions are greatly appreciated! [link] [comments]  |
| Thoughts on a Property Management Business Posted: 25 Feb 2019 01:58 PM PST This is just something I've thought of recently but, in my mind it seems like it could be a low cost to start up and get going. I live in an area where there is a big market for this type of business and I was interested in seeing other peoples thoughts or if they've run their own property management companies. [link] [comments]  |
| in-store & online sales inventory Posted: 25 Feb 2019 05:42 PM PST I am looking to manage my inventory in a much more accurate matter. Let's say I have 2 snickers bars, 1 gets sold online (Amazon, eBay, etc) and the other gets sold in-store (walk-in), I would like to know that I have no more snickers bars. Add 5 locations to the list. I would like to know what's selling so I know that i just sold all my snickers bars and should remove the online listing so I don't sell what I don't have. Does this exist as a software, hardware or both? Any recommendations or suggestions on how to go about doing this would be greatly appreciated. [link] [comments]  |
| What do you care more about - profit per item or margin per item? Posted: 25 Feb 2019 07:53 AM PST Product A has a margin of 35% but only has $2 profit per item. Product B has a margin of 25% but has $3 profit per item. These two items are substitutes of one another, which one should I incentivize people to buy? [link] [comments]  |
| I plan on starting a sole proprietorship business (in California) selling art online. Posted: 25 Feb 2019 04:58 PM PST Hello! I'm currently in the researching stage, so nothing committed yet. I looked into the process of starting a sole proprietorship business in California and conducting business under a FBN. So far everything is straight forward. However, since I'd rather not use my physical residential address in the filing, is it possible to register the online business with a rental mailbox with a physical address (like UPS mailbox or local mailbox businesses)? Any information and advice is greatly appreciated. Thanks! [link] [comments]  |
| Not sure how big of a deal it is... Posted: 25 Feb 2019 04:24 PM PST I own a sports gym and our court host multiple sports. I'm looking to host a league that runs for 2 months and has a cash prize of $700-$1000 for the winning team. Each team will be paying a fee to play. Is that something we can do legally? [link] [comments]  |
| Shipping ~1000 units from HK to US. Let me know why my plan is stupid and how I should improve it. Posted: 25 Feb 2019 08:46 AM PST Hi, I'm about to enter the world of product shipping. My first product (a board game) will soon be produced in HK and then shipped to the US. I've basically got 1000 products coming, with my first 200 units already being pre-ordered/sold. It will take about 2 cubic meters in space total. I wanted to know if anyone had any experience. My current plan is basically to ship the units to a nearby city, pick it up in a u-haul truck (with the proper equipment and a few friends.) ASAP, I'll ship the first 200 units out. I'll probably keep about 100-200 more in my house and then keep the remaining 500 units in a nearby storage unit. I'll ship personally, as I don't expect a large volume of sales and can probably handle it. Thoughts? [link] [comments]  |
| Posted: 25 Feb 2019 01:12 PM PST Client of ours requested a proposal for non-emergency medical courier service. This is new to me but we are in the transport business so I am trying to determine market rates, but many other services do not list theirs online. I am assuming I want to factor in time (wage), mileage (wear/tear, fuel, tolls, insurance), some sort of minimum charge or base rate, as well as an added margin. Do we factor in the return trip as well? In the other aspect of my business we are only paid loaded miles, so typically the return trip is not paid unless we find a loaded return that lines up perfectly. Competitors or other courier services don't seem to advertise their rates online - anyone have knowledge on what the market typically charges for this? [link] [comments]  |
| Posted: 25 Feb 2019 12:52 PM PST I'd like to set up a link that all candidates can go through and pick a time for their interview. If a candidate takes a spot, the candidate that follows will be unable to take that spot. Does anyone know of something online that can accomplish this? [link] [comments]  |
| Tips from successful/experienced small business owners Posted: 25 Feb 2019 12:16 PM PST I'm 16 years old, and super interested in starting my business. I live in a neighborhood filled with small businesses and its given me inspiration to start my own.By small i don't mean lemonade stands or babysitting,however i'm not against working small jobs for startup cost.Any tips coming from experienced/successful business owners for things like startup,marketing,and eventually growing my business? Any help is greatly appreciated. [link] [comments]  |
| I'm struggling with hiring my first employee. Any small business owner found this hard too? Posted: 25 Feb 2019 12:04 PM PST Hey redditors, I came for an advice and also to write down what goes through my head. I started a moving company about 14 months ago in the UK and quickly hit my first target which was get my calendar full for the whole week. This gives me a solid income with plenty of energy and hard work involved. I have reached my limits and can't take more bookings, I'm constantly full all week,which is great but I would like to get more income. Throughout the past months I realised that there is a massive demand for furniture removals among my clients. I started to plan that I will buy another van, get an insurance and a license and hire a person to do this for me. I just can't figure how to proceed from here. I'm struggling to break through at this stage. I find it difficult to search for a person who I can give the responsibility to drive my van and do a 5-star service. No help among family and friends unfortunately. Question: did any small business owners struggled too to hire their first employee? If so, what's the best conduct and what are the common mistakes? I'm ready to make this step but I'm a fresh starter so appreciate all your kind suggestions. Many thanks in advance, Goldie [link] [comments]  |
| Are you considering expanding your business to international markets? If so, why? Posted: 25 Feb 2019 12:00 PM PST I am just curious to know why you started thinking about going global, what steps you've taken so far and what you need in terms of resources/knowledge to go global. [link] [comments]  |
| Drop shipping/ Fulfilled by Amazon/ Jungle Scout Posted: 25 Feb 2019 11:50 AM PST Hey everyone! I read on a different Subreddit that a good way to make money online is through Fulfilled by Amazon (FBA). They recommended to use a software such as Jungle Scout. I was wondering if any one here had any experience with drop shipping and if it's worth taking a risk. [link] [comments]  |
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