Wife wants to sell her House Cleaning company, how do you value such a business when you have a buyer ready to take over? small business |
- Wife wants to sell her House Cleaning company, how do you value such a business when you have a buyer ready to take over?
- If you could go back in time and start your business again, what would you do differently?
- Why shouldn't I tell my potential supplier that their competitor has a higher quality of goods?
- Help buying a car under the business.
- Would People in This Sub be Interested in Direct Business Lecture Style Videos?
- Do you use B2B customer case studies? Which kind? How many?
- Networking with competitors?
- Struggling to grow my business. Looking for advice.
- I want to rent one of those tiny, one-man currency exchange booths you see in major cities — what's the real estate name for this?
- When is it time to scale up?
- Curious to know what a business would be worth if I were to sell it>?
- Do you do 200k - 2m in eCommerce Revenue? New Dedicated sub for ecommerce growth - /r/ecommerce_takeoff
- What stops (or makes it difficult for) you to collect and post reviews from your customers?
- Corp name got a certificate of dissolution CBCA section 212 in July of 2017. Question is...
- 500k in cash, what should we do with it?
- Having a hard time getting a new pet product line into stores
- Can anyone tell me please why a lawyer says I cant use the name I chose my company when its status says dissolved. And it was out of Victoria. So what does t say Alberta at the top of the paper?
- How do you collect and post reviews?
- Help Structuring a Purchase
- Student looking to start developing desktop applications for businesses
- How you created your business logo
- What do you use for tracking billable hours?
- How can i convince my friend to rip off his bosses business model?
- Help with writing ads for Google & Bing. Give me information, I'll come back with a screenshot
| Posted: 08 Apr 2019 08:36 PM PDT Sorry for the bad English, here are more info: -She has a buyer who is serious and who would take over the company. The deal is only for the clients and does not include the equipment, employee (he has his own) ... -Wife has a cleaning company with 1 employee + herself and 50+ clients. -Estimated revenues are 40-50k with net around 20k. So how would you calculate such a transfer? What ball park amount should she aim for in your opinion? [link] [comments]  | ||
| If you could go back in time and start your business again, what would you do differently? Posted: 08 Apr 2019 03:56 PM PDT What would you do get to where you are now, much Faster? What lessons have you learned along the way? For many businesses, speed is the key. How would "crush it" if you had to start again? [link] [comments]  | ||
| Why shouldn't I tell my potential supplier that their competitor has a higher quality of goods? Posted: 08 Apr 2019 08:22 AM PDT Yesterday I was checking out the potential suppliers of honey throughout the city. I met one representative, he showed me which sorts of honey they had and all of this was going great. I already chose over 6 types of honey, but I didn't really like the seventh. And I openly said that this SPECIFIC type of honey tastes a little worse here than some other potential supplier I had in mind. Nothing happened, we closed the deal with 6 types of honey later that day. But one of my friends, who was with me all this time, told me: "You shouldn't say that. Don't tell anyone that the goods of their competitor have a better quality". When I asked him to explain why he just shrugged and said that it comes from experience (he's been a small-business owner himself) I'm still baffled by that, honestly. Why shouldn't I? I wouldn't say that if the supplier was the small-time beekeeper (then that just would be rude), but this was a large company that obviously resold the product they buy from producers. Do you guys agree with my friend, or that's just nonsense? NOTE: I didn't say that to their face, expecting an answer. I just kind of mumbled that and immediately asked to show me the other type. [link] [comments]  | ||
| Help buying a car under the business. Posted: 09 Apr 2019 04:24 AM PDT Long story short, I pay myself about 250k/yr. My personal credit is in the tank because I pass a lot of business debt through my personal credit cards and such. Mainly because I can't get a small business loan or credit line to move things under. I'm not sure why, I've just struggled to get those lines open - you'd think I could. Either way, I recently bought (and financed) a 2018 C63s, it was 85k - one of my favorite cars - without a problem. Even with a low 600s score. Now, my office is roughly 30 minutes from home, and I don't want to put my travel and meeting miles on my C63. I want to buy a cheaper, reliable car to drive daily. Even in the $15k-$20k range. My accountant said I could buy a car under my business and depreciate it (or something - not sure the fine details), but she said I could buy it under the business. The question is, my business should have great credit. Does the dealership run personal financials to buy a car under the business? My wife, who has zero debt, has great credit. I obviously take everything through me, would she be an option to use for credit leverage and still get it under the business? Thanks for the help. [link] [comments]  | ||
| Would People in This Sub be Interested in Direct Business Lecture Style Videos? Posted: 08 Apr 2019 04:57 PM PDT I have been fortunate enough to run my own businesses for the most part of my life slowly but surely increasing in size year after year earning over $1,000,000 a year by the time I was 21. I have put together a short lecture style video on a few common questions I get asked including "When should I start?" and "How should I market?" as well as a few other lessons on opportunity costs and minimum viable products/services. This was a lot of fun to make so if there are certain other questions anyone would like me to address in another video feel free to ask. I will post a link if anyone is interested. Thanks! [link] [comments]  | ||
| Do you use B2B customer case studies? Which kind? How many? Posted: 09 Apr 2019 04:30 AM PDT What kind of B2B case studies do you use in your marketing?
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| Posted: 08 Apr 2019 08:23 PM PDT There are many competitors in my market who I admire and would love to meet and get lunch or coffee and exchange thoughts and ideas. Would reaching out to these competitors be in poor taste? Or is it something they might feel they could benefit from too? Sometimes I feel very alone in my business, and I imagine they might feel the same. At the same time I don't want to come off like I'm just digging for competition research. [link] [comments]  | ||
| Struggling to grow my business. Looking for advice. Posted: 09 Apr 2019 04:57 AM PDT I have owned a small printing shop for about 15 years now. We have all the capabilities to produce way more than we currently do. We have 4 full time employees including myself. Gross about 700k & take home about 200k. But I've been stuck here for years. Can't seem to get organized enough to continue growing. I honestly have no idea what I'm doing as far as "business" I have no plans/goals. I don't know which part of my business is doing the best/worst. I just wing it. Always trying to adjust prices to make a difference but that doesn't seem to work. How do I grab this thing by the horns and make it grow? I'm not a smart guy when it comes to this stuff so please explain it to me like I'm 5 :) [link] [comments]  | ||
| Posted: 09 Apr 2019 04:47 AM PDT You know those little cubby holes in high traffic areas that usually house currency exchanges or ticket resellers? I'm looking for just that for my business. I'm in a major city where they're plentiful — the only problem is I have no idea how to search for them because I don't know the real estate term for them. Can anyone help? If you've rented these before, can you give me an indicative price? [link] [comments]  | ||
| Posted: 08 Apr 2019 08:33 AM PDT So right now my agency is pulling in ~$15k/month in revenue. All included, current expenses are ~$5k/month, this includes marketing which can be adjusted at any time, and is about 40% of expenses. Its worth noting that last month revenue was $10k/month, was at that for about 6 months, and before that it was climbing from 1.5-7.5k/month, over the course of 6 months. So growth has been pretty rapid, but it can stagnate. Right now its essentially just me working out of a sublet office of the family business that they are letting me use for free. Here's the problem, I'm begining to cap out on what i can handle. Im massively behind right now and things will only get harder from here. I have potential interns that want to join, but would only do so if i move the office to the city, which would cost an extra $1k/month, potentially more if i actually get them seats. Eventually i would plan to hire one of those interns after 3-6 months and get them a seat. Should i keep grinding away on my own, or start expanding. Is it too soon? [link] [comments]  | ||
| Curious to know what a business would be worth if I were to sell it>? Posted: 09 Apr 2019 01:44 AM PDT Throwaway account for obvious reasons. I have a service based business in New Zealand that works in the Construction Industry. I'm curious to know what it would be worth (I realise that it's really worth what someone is willing to pay for it) if I were to sell it. The business has two products: - Monthly contracts of reoccurring revenue with various clients (approx 2/3 of revenue). We have signed agreements with these clients requiring a minumum of 3 months notice should either party wish to cancel. - One off / sometimes reoccurring sales of digital products. (approx 1/3 of revenue) The business has good written processes enabling a potential new owner to pick up and run with it. We have 2 full time staff, one part time, and outsource the rest over Upwork. Key stats - Approx 30k per month revenue (360k per year) - Appox 60-70k per year adjusted net profit (not including owners salary) - Approx 40k in vehicles (mostly financed) What do you think something like this would be worth? What steps should I be taking if I were to sell the business in say 2 years? Thanks everyone :) [link] [comments]  | ||
| Posted: 09 Apr 2019 01:10 AM PDT
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| What stops (or makes it difficult for) you to collect and post reviews from your customers? Posted: 08 Apr 2019 11:54 PM PDT | ||
| Corp name got a certificate of dissolution CBCA section 212 in July of 2017. Question is... Posted: 08 Apr 2019 10:18 PM PDT Reason I'm asking is because filled through lawyer a couple weeks ago using xzycompanyname. Didn't hear from him till today saying that it can't be used? But I further investigated and theres a parameter option in nuans corporate search that you can select active only. I then went and called bc corp registration and they said they couldn't find any trace of that company or the 7 digit numbered company version of it. So is my lawyer wrong? [link] [comments]  | ||
| 500k in cash, what should we do with it? Posted: 08 Apr 2019 06:01 PM PDT I run a small service based business. 6 months of expenses = about 250k (which is mostly payroll). Right now we have almost 500k in the bank. About 250 is in a basically 0 risk money market account. Who should we talk to about investing this cash that is just sitting there in the bank account. [link] [comments]  | ||
| Having a hard time getting a new pet product line into stores Posted: 08 Apr 2019 10:05 AM PDT Does anyone have any leads for distribution companies that take on pet products? Any ideas? www.pettanicals.ca if you want to take a peek Hemp infused super food pet supplements. [link] [comments]  | ||
| Posted: 08 Apr 2019 08:24 PM PDT What do the right most date mean in regards to stat date and status of as dissolved? I heard they still have 2 and half years after that date to revive the company? Is that true? Or could it be maybe under a hold company or a trust company that's just not included in these results? [link] [comments]  | ||
| How do you collect and post reviews? Posted: 08 Apr 2019 02:23 PM PDT I have a couple of reviews from customers on my site that I received via email. I have another few embedded directly from Google. I would like more control over my reviews, but also want to make sure that customers trust that the reviews are from real people. I looked into Trust Pilot and at the moment I am not able to pay their monthly fee. With Google, there was a post recently about Google deleting a large number of a company's reviews. What is a method of collecting and posting reviews that is working for you? [link] [comments]  | ||
| Posted: 08 Apr 2019 12:18 PM PDT Long time listener, first-time caller. I've been a reader of this forum for some time and it stokes my fire in me each time I jump in.I'm interested in purchasing a business but am having some trouble. I hope you guys might provide some insight that will help my position. Situation
I reached out to them via a capital acquisition firm 18 months ago and found them interested - So interested they returned with two transaction offers within several days of contact. One was an all-in that included the business, buildings, and real estate. And one less the real estate and including rent. Background They're in the traditional aging owner sweet spot. Things aren't too difficult, it's comfortable and on cruise control, and they're making an okay income. This is a situation where they own the building, pay themselves rent, pay distributions, and take a salary. In the end, this all shows very low yearly earnings and makes purchase multiples look bad. Current I recently had a casual visit to the "pottery" factory and had a friendly meeting with the owners. We toured the factory, spent several hours talking about the industry, and the state of their business. They played it cool, "We're not sure if we even want to sell," "Maybe we're too young to sell," "We may just sell to the employees," etc. - All despite they're two very quick sale offers when initially contacted. Purchase And it's these earnings that make it difficult to justify either offer. Both are somewhere around 100x earnings (WHAT?) - and that's just ridiculous. And I'm sure that returning with something realistic will insult this pot of gold they believe they've built. Buildout Plan I've developed a strong marketing plan that will expand their product line to hit more market segments, build their dealer network, and create an extensive online presence. They're in a prestigious college town, so access to some social media interns and the prospect of reaching out to the MBA program for a class case study are promising. When I run every angle (SBA, partners, investors, owner financing, etc.) the numbers don't work and I'm out of ideas. Given everything I've laid out, are there any folks out there with ideas? Thanks in advance - Derek [link] [comments]  | ||
| Student looking to start developing desktop applications for businesses Posted: 08 Apr 2019 07:37 PM PDT Hi - just joined reddit for some help and am kind of lost but this looks like it may be the right place to ask for help. I'm currently a student in High School and am working at McDonald's, but computers are my real passion and that's where I see myself working at the soonest possible opportunity. Anyways, after months of studying code, I hit a wall. I decided the only way I would really progress and gain real knowledge in order to prepare me for the future was to start now. I came up with the idea of creating custom software applications for small businesses. My problem is that I have no degrees, major prior projects, or networking at all. I have no idea how to convince a small business to use me, a mediocre coder looking to improve, over a professional in the industry even though I would be looking for very little pay, just enough for gas money and maybe to save for college. I started a gig on fiverr, but I'm not sure if that's the direction I should go. I cannot think of any competitive assets I have over professionals with certifications that can be hired to get the job done fast and efficiently. I would just like to learn more and start applying what I know in a useful and meaningful way, but I feel that a somewhat "learn as I go" approach would turn away most potential clients. Any advice would be appreciated, thank you. [link] [comments]  | ||
| How you created your business logo Posted: 08 Apr 2019 12:02 PM PDT Hi everyone, How did you create your business logo? Any website recommendations? Want to avoid having to spend too much for someone to do it for me locally. Thanks in advance! Edit: I mainly need it for social media and business cards. [link] [comments]  | ||
| What do you use for tracking billable hours? Posted: 08 Apr 2019 11:59 AM PDT I work for a small consulting/staffing firm that does community and economic development for small towns in the upper Midwest. We generally work anywhere from 1 day a month to 5 days a week in a given community (mostly 1-2 days/week) and one person provides all the services. This was fine when we had 2, 3, 4 people, but now we have around 25 people and 43 communities or so and often work multiple contracts at the same time. My boss has asked me to look at how I could shift some of my work to another employee while still being the "account manager" so that I can free up time to work on special contracts/hourly work (which is way more profitable for the company and he thinks I'm very good at), and one thing we identified as an issue is proper time keeping. Right now, I go to a town and work for 8 hours and its obvious I'm there and working and I get what needs to be done, done. He's concerned that if I shift off some work to another person, they'll do 4 hours of work...and I'll still do 8, and since the contracts are billed "not to exceed", we wouldn't get paid for extra work. What software or tools are people using to manage billing hours when multiple people are working on the same client? The ideal product would allow multiple people on the team to see how much others are doing, allow people to enter both time and content (i.e. "I spent 4 hours developing the website"), and generate reports to show the city how their time is being used. Thanks for your suggestions! [link] [comments]  | ||
| How can i convince my friend to rip off his bosses business model? Posted: 08 Apr 2019 06:47 PM PDT A friend of mine has found himself working for a very lucritive business run by someone nearly as young as us. This guy has managed to position himself to starting a massive business because he has a very unique business model. I do not fully understand this business model, but my friend does. My friend is the finances/books guy of this founders operation. He knows the business well enough to start it on his own but he's just not ambitious enough to start the company. I want to angel invest in him but i just cant convince him to do it. He keeps saying that he's too grateful for the job to rip off his boss. He hasn't signed a non-compete so he's legally allowed to do this. [link] [comments]  | ||
| Help with writing ads for Google & Bing. Give me information, I'll come back with a screenshot Posted: 08 Apr 2019 09:17 PM PDT I've had a good history of earning high click-through-rates (CTRS) on Google and Bing in the past. industry average is about 1-2%. I've had multiple campaigns where 5-10% was common for different products and services i was managing. If interested, send information about products, services, goals, then I'll build the ads around them and details about the types of keywords I would target them for. Will screenshot the ads, IMGUR, then reply back to you here or in your PM No hassle, just looking to gain flexibility and experience with this type of marketing in different fields. [link] [comments]  |
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