Marketplace Tuesday! (June 18, 2019) Entrepreneur |
- Marketplace Tuesday! (June 18, 2019)
- Learning from my mistakes | Young entrepreneur 21 years old | Part -1 (Hoppefully if I survive this there will be part two)
- I Have Hired Over 150 Labor Employees Here are My Top 4 Recruiting Methods For Finding Amazing Laborers
- Made a library of the successful VC pitch decks Uber, Airbnb, Dropbox or YouTube used to raise capital ������ +$50B worth of investor money in one website
- The Story of how I bootstrapped my company to $50k ARR in 9 months
- Should I take out a small business loan for 10-15k so I can finally move out of my toxic parents house? How? My small business is bringing in 5k/mo for 12 months!
- Website advice - be careful with mandatory fields
- Seeking advice for creating ethnic foodstuffs/sauce brand
- How can you achieve healthy work/life balance as an indie/bootstrapped team?
- Validating a product
- Becoming a specialist vs becoming a team player.
- How do I validate business ideas through a facebook ad campaign?
- Can you be a high functioning entrepreneur while doing recreational drugs?
- Am I getting a good or bad deal?
- Why most advice here is bullshit.
- (Very)Small-Business Owner Seeking Marketing Advice for Expansion
- Question about reputation management for those of you who own agencies...
- Has anyone in here created and sold their software/application?
- I have a well-developed concept that I would like to field to potential companies/investors. How do I go about this?
- Started my own company, when to create an LLC?
- Need input on starting HR consulting firm
- How Do You Attract and Retain Good Mentors?
- Looking to hire facebook/google ads experts
- Need advice for financing my established re- shipping company. (19 years old)
- What's the leanest way of implementing this payment process?
- Importing 200kg to the Netherlands from China?
| Marketplace Tuesday! (June 18, 2019) Posted: 18 Jun 2019 06:12 AM PDT Please use this thread to post any Jobs that you're looking to fill (including interns), or services you're looking to render to other members. We do this to not overflow the subreddit with personal offerings (such logo design, SEO, etc) so please try to limit the offerings 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]  |
| Posted: 18 Jun 2019 05:59 AM PDT Hello, I'm a 21-year-old entrepreneur, as you will probably notice through reading this, I'm not a native English speaker, so don't focus too much on my Enligsh. BackgroundI was born in a small European country, when you start from here you are not on zero you are under zero and you need to build your way up. My parents are not that rich and I had to buy all the things I wanted by my self, It gave me the motivation to go forward to become someone and not to be average.I'm afraid of the word average, either I'm good at something or I'm not, and I will die until I get really good at it. Started coding when I was 12. I did not have a mentor so I had to watch tutorials and I didn't know English so it was a very hard experience(special thanks to Bucky Robers I watched his tutorials). Started to make $1-5k/mo with apps when I was 16 and it grew from that. At the age of 19 sold the portfolio of apps I had and opened a software development company. I taught it will be interesting to make software for others, and I taught it will be fast money(far away from my thoughts) Earned till my 19th year of age close to $600k with apps. It felt so good when I was 19, I had it all. I did not worry about money, I helped my parents with their financial problems, opened my mother a shop. It was really good, I taught that I was the smartest person in the world. Hey you know I make money with the software I have to be smart :D Nooot!!!! life brings you down sometimes and you see who you really are when you are down. Here are some of my mistakes from my journey Big mistakes I learned the hard way
What happened to me now?Because I did not watch my finances(5th mistake) I'm in front of a crisis, if I finish this on time I can survive two more months enough to sit down and think for the next steps. I have some ideas for some sales pitches but we will see. My company has 18 employees, and sometimes $100-200k sounds a lot, but trust me the money gets eaten by the salaries, if you don't watch it for 2-3 months and you get lost. While I was working on the project which was a big hit I didn't focus on new projects which would be for the future salaries and it got me now :D Kind of scary but I will fight to the end, hopefully, I will write a part 2 of this and explain how to manage your finances the right way and on what you need to pay attention. I have learned that you need to think in advance a lot when you run a company, things can get out of control sometimes and other people depend on you. By the way, if someone wants to do sales DM me (always opened for new connections) [link] [comments]  |
| Posted: 18 Jun 2019 06:43 AM PDT Over the past 5 years I have employed over 150 different labor employees for my various service businesses. Hiring amazing help is one of the toughest challenges any business has to deal with. I find the hiring and retention of amazing labor employees is hardest of all categories. I decided as a resource to other labor type business I would document the process of what we go through in order to find and hire 5 amazing labor employees. While there are endless ways to find employees the methods of hiring I have found best for labor employees are Indeed, Craigslist, in-person recruiting, and now hiring flyers. I will use my tried and true methods as well as a new form of hiring I am going to test which is placing Now Hiring business cards under windshields of cars at gyms. I will go over my strategy and the pros and cons of each method then end with number of hires made from each source. Online Ads: My strategy for online ads is to lay it all out on the table. In my job listing I will list all the pros and all the potential downsides of a job position we're offering. If a position requires odd hours or a certain ability I will list that all on the ad. In a network of potentially thousands of people the key is to disqualify as many people as possible in order to find the right fit. This will save your time and the potential employee's time. The networks I find most effective for online ads are Indeed and Craigslist. I have tried out ZipRecruiter, Monster, and LinkedIn as well but have had little success with labor positions on those sites. (however I have found those sites to be effective for non-labor employees). Indeed Pros:
Cons:
Craigslist Pros:
Cons:
In-person Recruiting In-person recruiting is quite effective but can bit a bit awkward if not done right. My strategy for in-person recruiting is to have a chat with someone and ask them if they happen to know anyone looking for work. This takes the pressure off the person you're talking to and if they're personally interested they will ask questions about the position, otherwise they'll still take a business card and may actually have a friend who is interested (both have happened to me). I find this is done best in everyday life when you come across someone who you think would be an extraordinary fit. Two of my best labor employees were found because I offered them jobs while one was working at a gas station and the other a mall food court. Pros:
Cons:
Now Hiring Flyers My strategy here is to have a bold colored, eye-catching poster with some job highlights labeled (you can see one of mine via the link at the bottom). I highlight the job's wages, the position type, and include a phone number with a quick call to action. I try to invert the situation and visualize what would be an eye catching poster if I happened across one. Pros:
Cons:
Now Hiring Cards on Cars This was a new idea of mine I decided to test out. I bought 500 Now Hiring business cards and placed them under the windshield wipers of cars at local gyms. I thought this would be a fantastic idea but I actually didn't receive a single call. There may be a tweak to this that still could work but I haven't cracked the code yet. This is why we test, learn, test, learn! End Results From All Sources: 200 applicants 40 interviews 6 hires made Effectiveness of Each Indeed: 2 hires (total cost $305) Craigslist: 1 hire (total cost $35) In-Person Recruiting: 1 hire Now Hiring Flyers: 1 hire Flyers on Cars: 0 hires During the interview process itself I don't like to ask typical "tell me about a time you offered excellent customer service" type questions. I find those generic questions breed generic answers. I recently read someone say "hire for personality and train for skill" and I could agree more. I try to hire people who I can both have a genuine conversation with and I would be comfortable having in my home. I will write more about this in another post. If you're a more visual learner I have made a video going over all of these methods and show some of my in-person recruiting as well as interview questions: https://youtu.be/UB0vNc3X0QE Thanks for reading! [link] [comments]  |
| Posted: 17 Jun 2019 03:21 PM PDT Hey /r/Entrepreneur, as the title says, we've made this — it's called "Get Startup Funding" It's a library that aggregates the exact pitch decks that companies like Uber, Buffer, LinkedIn or WeWork used when they raised venture/angel investment capital. On some of them, we've also shown how they looked like in the early days. Personally, that's what I find the most interesting. Not how big companies look like today and what decisions they take now — but rather what decisions got them there from the early days. Because when we start, we're in that position. I hope it will inspire you and, more importantly, I hope you'll do something with it. Let me know if we should add the stats+early days status for the rest of the items as well (currently only first 6 have it). EDIT: Since a lot of you seem to appreciate the SaaS category, which I didn't expect, join us at /r/SaaS. I myself like as well scaleable products, monthly revenue and (if I feel like it that day) doing nothing sometimes [link] [comments]  |
| The Story of how I bootstrapped my company to $50k ARR in 9 months Posted: 18 Jun 2019 06:25 AM PDT Hello folks, I have been following this community for a while and today I wanted to share my entrepreneurial story. One year ago I used to work as a software engineer at a prominent Italian startup. I got this idea about an unified, native Mac experience for Google Apps such as Gmail, Calendar and Keep. The idea for Boxy Suite was born: a premium suite of Mac apps for Google services, sold as a subscription bundle. I started developing these apps night and weekends with a friend and come October 2018, while still employed, we launched these apps. It was a huge struggle and we almost burned out. At launch we got zero press coverage and it seemed really like a slow start. As our lives were falling out, the product caught some steam and our subscribers base slowly grew
Today I am self-employed and own my own company and I couldn't be prouder of the work we have done. One year ago this seemed a stretch, almost impossible. This has been quite a ride and today looking back, I wouldn't have done anything differently. Happy to share more details and answer your questions! [link] [comments]  |
| Posted: 18 Jun 2019 08:49 AM PDT Hi everyone, Long story short, I need to get the F out of my parents house. I needed a place to stay while sorting out some mental health and substance abuse issues over the years, but that's thankfully resolved now. I'm sober and have a small business that's in it's 3rd paying month of work with our client ($60k contract over 12 months). Thing is, I have no savings or anything and living with my parents is no longer tolerable as my dad has severe mental illness and is an insufferable asshole. I plan to get a job doing research at a lab bc it's low key. I just finished a project a big hospital in chicago in pediatric cardiothoracic surgery and have some connections there. I published 2 papers and got an abstract accepted in JHLT (major journal). I have my MS in Biotech and my company creates scientific/evidence-based content online and helps get eyeballs on it for our clients (so PR/Visibility). I'd like to remain anonymous so I won't go farther, but the business has exciting prospects and I am eager to see it grow. But I need to get my own space badly and need some money to make the leap. Here's what I was thinking.. I was thinking of getting a small business loan, maybe even what's called a "microloan" of under 20 thousand dollars. More around 10-15k. There's items I need to help expand the business but it's also for my salary so I can get my own place. I'm going to open a Wells Fargo account today, should I ask them about it? My friend said talk to the small business assoc. (SBA) and so I filled out the info and am waiting on a call. I plan to pay back the loan within 6-9 months. It's not huge and I'm not trying to take any big risks. We are already earning some money, but I need a little extra to get on my feet. Please reddit, I would LOVE your recommendations! Thank you!!!! [link] [comments]  |
| Website advice - be careful with mandatory fields Posted: 18 Jun 2019 01:53 PM PDT As someone who does not live in the US, it frustrates me to no end to go through the hassle of filling out a contact form only to have my "Zip Code" rejected because of non-numeric characters or the information I have entered rejected because I didn't pick a state. I don't have a zip code; I have a four-character postal code. I don't have a state. I don't have a province. I get particularly incensed when a form allows me to specify my country but then insists I pick a US state. I go postal (pun intended) when picking a random state (because I am forced to enter something) results in an error message "State doesn't match Zip code". I just tried to purchase an eBook online and couldn;t. No matter how many different combinations of fudged addresses I attempted, I just could not unlock the magic combination that would let me give my money to the seller of goods. Remember there is a much bigger market out there and your web forms could be driving international customers away. [link] [comments]  |
| Seeking advice for creating ethnic foodstuffs/sauce brand Posted: 18 Jun 2019 01:25 PM PDT Opportunity: There is an absence in the North American market of any dominant or well-known business or brand coming from a specific country that's overseas. Specifically, this is from a country in Sub-Saharan Africa of which I've visited on multiple occasions and have personal connection to via friends/acquaintances. I've been thinking that the African continent in general can present interesting business opportunities in terms of giving consumers a unique African-centered experience that may not be offered in the Western hemisphere. One of the greatest and most well-known successes for an ethnic focused "export" is yoga, which is taken from India and is now a global phenomenon and industry in its own right. But of course there's more conventional and successful examples such as food and beverages which I'm discussing now, for example the Japanese Kikkoman products (which offer such things as soy sauce, sake, food flavorings, etc), Icelandic yogurt, Mexican flour, etc. Ideas: Sauces. This particular region is known for putting their own unique sauces on their foods (think something like hot sauce). There are a couple of African companies that manufacture this type of sauce with many farms in the region that harvest the peppers, with one reseller in the US who is also focused on this specific region (they don't make their own products, but offer products like coffee, flour, and this sauce as a reseller importing from this region. They sell most of their stuff through Amazon as a small shop and normally give a week window for shipping within the United States). My idea is along the lines of what the aforementioned company is doing except actually producing the sauce in North America under my own brand. I'm figuring that doing this while sourcing the veggies/peppers from one of the many farms from that region will allow me to credibly market this sauce in North America as an African alternative. Concerns: Sourcing from that region will require trusting that there's a regular and reliable harvest of peppers that could be shipped which is not at all assured (this is not even assuming the problem of scaling up if this is successful), and there would be higher start-up costs due to overseas shipping rather than producing everything in house. It would also be more difficult to assure quality control with a copacking company for purposes of getting approved by FDA/regulatory bodies with more moving parts, presumably. An alternative solution is coming up with a recipe and producing everything within North America and merely "marketing" but not claiming that the sauce is from that region. I researched the company of TapatÃo and this is what they did, as the company's home base and production is in California, however the founder is from Mexico and marketed it as a Mexican brand. So my questions are, what would you do if you were me?
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| How can you achieve healthy work/life balance as an indie/bootstrapped team? Posted: 18 Jun 2019 01:15 PM PDT When hard work is glorified and long hours are the norm, healthy work/life balance is hard to achieve. I'm starting my own company and I'm trying to build an environment that I would have liked myself - I want to give people an environment where they have support to build their own company. So I'd use my company as kindof a springboard for them - however, it's also easy to get taken advantage of when providing a lot of freedom. I wrote about this here: The Free Food that Eats Your Soul. Does anyone have any advice on creating a good work/life balance when resources are limited? [link] [comments]  |
| Posted: 18 Jun 2019 01:05 PM PDT I have learned the hard way, it is a good idea to create some projections about the value of your product before you put too much work into it. This article is about some ways to go about doing that. Startup School and the $100 Startup Sometime in 2018, I became infatuated with the idea of an app called motivation-therapy. After building the app framework and finding beta testers, I was feeling good about my product and I started looking at "accelerators." For those of you who aren't familiar, here is a quick definition from Wikipedia: "Startup Accelerators, also known as seed accelerators, are fixed-term, cohort-based programs that include seed investment, connections, mentorship, educational components, and culminate in a public pitch event or demo day to accelerate growth." The gold standard for accelerators in the San Francisco Bay Area is Y-combinator. Because of the number of successful startups Y-combinator has produced, being able to say your company is a Y-combinator graduate lends more validation to your business than actually having revenue. I wanted to apply to Y-combinator, but they only had two "batches" a year, and I was in-between batches. However, after doing some research, I found out that they had a program called "Startup School." Startup School (SuS) is a free program to help funnel companies into the more prestigious Y-Combinator batches. Through a fluke, they let me in to Startup School, and I got to learn all about how VCs look at the world. One message that SuS taught early-on, and then repeated almost every lesson, is that a company takes time to find "Product-Market Fit". Product-Market fit is the idea that when you start a company, you are trying to solve a problem for a particular group of people (i.e. the "market") and you solve that problem by selling them a good or service (i.e. the "product"). During the life of a young company, the market might change and the product might change, but ultimately the problem that is being solved does not change. Until I could earn enough revenue that the company could cover its expenses, the product or the market would have to change. A key way to determine whether you are moving in the right direction is launching something small, and using a user analytics platform to statistics about your users. Here is a list of a few: *Amplitude *Google Analytics *Mixpanel *Jetpack (for WordPress) After SuS, I continued to read books on entrepreneurship, and one of the best was called The $100 Startup by Chris Guillebeau. It covered the same main idea as product-market fit, but also noted that you need to be able to connect the two with an offer. Ok, that was a long prologue to get to the point. With motivation-therapy, I had an idea in my head, and I had some ideas of the market, but I never really had an offer to connect the two. Money wouldn't just fall from the sky once I had users. I released a beta version of the product and never asked for money, so the product eventually died. Going through that, I get that it can be very helpful to validate an idea before pursuing it fully. Validating can be useful because you have to find a target market before you can even build a product. In the beginning, this meant I used Buzzsumo to see which social networks were most amenable to my product. Then I started testing different subreddits on Reddit to gauge interest in my product. Once I got an idea of what people were interested in, I realized that there were a lot of todo list apps out there. I needed to find a way to validate my product over the many others. Traditional ways to validate a project include handing out surveys and talking to potential customers. More contemporary ways comprise: creating a video of the app and posting it on Indigogo or Kickstarter for financial support before creating the product, creating a click-through mockup of the app, and having real people fake the backend, until it's finished, Email people the offer or a presale offer, and if enough customers accept the offer, say that version 2 is coming and they just need to wait a month (while you start and finish the product) There have been great stories of success with both the traditional and contemporary ways. Some of the more contemporary ways have a risk of angering your target customers if you can't deliver on a promised product, but by putting that risk on the customer it protects the entrepreneur from building something that no one wants. TLDR: You should validate your product If you want to see this article with pictures, here is a link to the blog post [link] [comments]  |
| Becoming a specialist vs becoming a team player. Posted: 18 Jun 2019 12:58 PM PDT My dream 9-5 would be working as a UX Researcher. It is something I am working towards slowly but surely. However, there has always been this strong enterpreneurial spark deep inside of me as well. Through some wonderful networking opportunities and educational traveling, I have had the luck in meeting and establishing good relations with many trustworthy IT related people. Those people are amazing in their respective fields, and probably are better in them than I ever will be. Sure, I can learn basic coding, but I will never be passionate enough about to make it worth my time, nor will I ever be able to keep up with all the design tools and theories on my own. With time, I have thought up some business project ideas that I have big confidence in. Day in and day out, I'm debating on whether I should abandon my ''career ideals'' and pursue enterpreneurship in team with the people I already know. They are smart, but don't strike me as the business person types - this might work out. I am wondering if there is any truth in the old saying that you don't need to know stuff if you know the right people? What are usually the circumstances in professional life that indicate what path to choose? Should I just rely on my own skills and continue honing my craft or is something of talent for project management sufficient to succeed? One thing I know for sure is that I don't want to end up a jack of all trades, but master of nothing in life. Thanks if you read through this! [link] [comments]  |
| How do I validate business ideas through a facebook ad campaign? Posted: 18 Jun 2019 12:43 PM PDT I want to start an ecommerce apparel store and want to test multiple different niches/concepts etc. Hopefully the first one works but I'm prepared to try out many. I understand that if a facebook campaign doesn't return a positive ROI, it might not necessarily be the niche, it could be a shitty website, shitty ad, shitty product photos, shitty CTAs, shitty designs, etc. However if you spend time making all of those things very high quality I assume you could be able to validate ideas through a facebook campaign and analyzing the resulting ROI. This is all subjective but still curious to know what your opinion is on the following
Also would love to know any other strategy recommendations or thoughts [link] [comments]  |
| Can you be a high functioning entrepreneur while doing recreational drugs? Posted: 18 Jun 2019 12:33 PM PDT I'm just curious what y'all's opinion on this is. If you are a high functioning entrepreneur and get high regularly I'd love to know why you do it and what benefits you get from it. [link] [comments]  |
| Am I getting a good or bad deal? Posted: 18 Jun 2019 12:07 PM PDT My company was recently presented with a term sheet with quite restrictive conditions. Please let me know if any of these are beyond what would be considered normal, and if so, what would be considered a normal version of the condition:
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| Why most advice here is bullshit. Posted: 18 Jun 2019 04:21 AM PDT
Almost every advice here in this community full of biases. I'm referring to the "What should I do with x?", "What business x do you recommend to get y?" posts. Some will advise starting a local business, some say that creating a tech startup is a waste of time. "BeCaUSE aLl S3lf-M4de MiLli0NaiRes i Kn0W st4rTed w1Th X aNd Y!" If all self-made millionaires started with x and y then it's clear that there was enough demand or they provided something people needed but didn't know it yet, at scale (shoutout to naval). But a higher failure rate in other industries is not a rational reason for avoiding it. And tech is very popular for having a high failure rate with startups. But what's the reason for it? Because people in tech are more logical and think more abstract but stupid when it comes to understanding basic psychology and humans. I don't need a fucking blockchain AI email client for $99/month. Nobody cares, if it ain't saving my fucking time or money (or makes me money), I don't want it. There is always a way to provide a better customer service, there are always ways to improve existing products and services. Let it be in local business or tech or commerce. THERE ARE ALWAYS THINGS ONE COULD DO TO IMPROVE OR DO THINGS DIFFERENTLY (such as marketing). So, now the question is: Why do some businesses in the same industry rise faster than others? Connections are useful but it's not everything when you think long-term. You can always build a network as you're building a business (better if you do before). You need to have mental models in your head. There dozens, but only a handful have the biggest impact on decision making. (https://fs.blog/mental-models/) They help you to stay rational and not act stupid.
Charlie Munger (one of the most intelligent people you'll ever read about) doesn't try to be the most intelligent businessman. All he's focusing on is simplicity, obviousness and not letting emotions affect his decision making. He understand that humans on average are very simplistic creatures and it doesn't require a blockchain AI email client to make big bucks. It's just about having a multidisciplinary thinking. Taking basic concepts from physics, economics, biology, psychology and being able to apply them in business. (elon musk uses his expertise from industry X to solve a problem in industry Y) Focus on the most important 3-5 variables in your business and maximize/minimize them to achieve the greatest results. Figure out what matters and what doesn't. And that's the best way to build a business without luck. When you think about the most successful business, then it should be clear that most of the time, they are very simple and obvious but complex in the execution. Also, once you've found your niche, stop spreadsheet-fucking and pull the fucking trigger. [link] [comments]  |
| (Very)Small-Business Owner Seeking Marketing Advice for Expansion Posted: 18 Jun 2019 11:47 AM PDT Good Morning! I could really use some advice because I'm really stumped. I own a small business in Los Angeles that provides creative services for the gender-fluid community. Some have compared my business model to "Glamour Shots" for transgender and bi-gender clientele. It probably sounds relatively obscure to mainstream entrepreneurs, but gender-bending is pretty big business. Record numbers of transgender, bi-gender, cross-dressing, and drag queens are coming out every day, and I've very well-known among them. Those numbers will only get higher, too. I've been in business for 19 years, and since the beginning, I've received zillions of emails from people all around the world expressing their wishes for a business like mine in their town or city. Now that society has become so much more aware and accepting of transgender rights and issues, I feel that it's actually possible to turn my little business into a franchise, especially here in Los Angeles. My two biggest challenges today are having only one location (too far to drive in a city this size) and availability. I'm booked weeks in advance, so I am forced to turn away loads of potential clients, especially travelers. The first step I took toward the franchising idea was to talk about it as loudly and as publicly as possible, to get feedback and suggestions from potential business partners and clients. Once it was determined that it could probably work (only if done as a licensing program vs. actual franchising), I set out to find like-minded individuals to become future licensees. I took out an expensive ad/listing on a big franchise site but got nothing but bogus responses back. That was my budget. Since I am a one-woman operation, I can only work so much to allocate funds for advertising, and not much can be accomplished without a large budget. So today I'm sending out press releases to local and business media outlets in hopes that one of them will do a story on my unique business. So my question to you all is this: how does a small-biz owner like myself go about marketing this concept to potential licensees and/or investors? I know this will sound incredibly naive, because I am naive in that respect, but are there specific sites/publications/platforms designed for business owners to find partners? My research has turned up nothing like this. Certainly, there must exist a site that "matches" business partners? Thank you for reading! [link] [comments]  |
| Question about reputation management for those of you who own agencies... Posted: 18 Jun 2019 11:30 AM PDT For those of you who own agencies, are you reselling any products for your clients? I'm specifically referring to reputation management. I own a customer communication platform which we white label to partners to resell and we're looking to add reputation management to our platform. We're in the buy, build, or partner stage so I'm curious who you guys resell and what sort of features your clients like. [link] [comments]  |
| Has anyone in here created and sold their software/application? Posted: 18 Jun 2019 11:23 AM PDT If anyone has experience creating software and selling it or been around that space please message me I have some questions. [link] [comments]  |
| Posted: 18 Jun 2019 11:18 AM PDT I have a very well-developed and presented concept for an online platform tailored for a niche market. I have received a bit of mentorship on this, and after much discussion, believe it is high-fidelity enough to convince a potential business partner or company of its validity and potential. My only problem: I am not really of the entrepreneurial mindset, nor do I have business connections to make this thing flourish. What is the proper way to go about vetting this out for sale or partnership? I have several ideas of names I can reach out to that are in the same sector, but without a solid patent (only provisional) I am curious if this is even advised, or should I try to go with an independent? If it matters, I am in a very large US city. [link] [comments]  |
| Started my own company, when to create an LLC? Posted: 18 Jun 2019 11:17 AM PDT This past year I started staining decks with my best friend for a little cash over the summer. We had a handful of jobs and made a good bit of cash. People payed in both checks and straight up cash. This summer we are doing the same thing, however have about twice as many jobs. For instance we have each made roughly $2,000 this summer after expenses, which is about double what we made last year. My question is when should we create an LLC or what is the best route to make this legal if it already isn't? What should be our next steps legality wise. We both have internships so this is just our weekend side hustle, however we plan on growing as we expand into more staining opportunities and possibly hiring people to help us. [link] [comments]  |
| Need input on starting HR consulting firm Posted: 18 Jun 2019 11:05 AM PDT I would like to branch out on the my own and start a small HR consulting company. I have a degree in HR and around 15 years experience with the majority at an upper management level. My consulting company would primarily focus on small businesses of less than 50 employees where it is not economic to hire a full-time HR person, but where HR administration and management is becoming a pain point. I am not looking to grow into a large company but obtain a handful of clients to provide personalized service. My question is what are the sticking points of small business owners or start-ups in relation to HR? I would like to craft the consulting company to specifically address these sticking points. Any input is greatly appreciated as I am trying to narrow my focus and services. [link] [comments]  |
| How Do You Attract and Retain Good Mentors? Posted: 18 Jun 2019 10:57 AM PDT Pretty much all the top leaders in business got to where they were by learning from others who were closer to where they wanted to be, and building on the work of other people before them. That's a theme I commonly see when studying successful people. There is a massive wealth of knowledge on YouTube and articles all across the Internet, but nothing beats actually being able to ask someone who's really skilled in an area and get their feedback. However, that's challenging because these individuals are super busy and often have their own priorities. I'm continuously struggling with this, and I wanted to know how others have managed to attract and retain mentors in their business ventures. Have you ever managed to get a great mentor to help you and how did you do it? [link] [comments]  |
| Looking to hire facebook/google ads experts Posted: 18 Jun 2019 10:54 AM PDT Im looking for someone with experience in marketing that can also target audiances for my video ad. I was thinking of hiring someone from fiverr do you think people on fiverr are decent or would you recommend any specific website that you can hire experts in marketing ? [link] [comments]  |
| Need advice for financing my established re- shipping company. (19 years old) Posted: 18 Jun 2019 10:52 AM PDT Hello r/entrepreneur! I am the leading director & owner of a semi established re-shipping company that's based in the UK which specialises in online e commerce, mainly ebay & amazon. We ship a range of products from usb cables to xbox controllers sourced from China. I'm a 19 year old teenager who's just turning 20 and the business was started the day I turned 18. The business reliably generates roughly £10k a month revenue, of which roughly £2k is profit. I'm currently using my bedroom and kitchen as warehouses and urgently need a dedicated storage area for the inventory, in going and outgoings. I am reluctant to move into a rented area as I don't see myself warranting the cost per month vs how much the business is generating. My main idea is to obtain a business loan which I can leverage into more purchasing power & better werehousing. Realistically speaking, would I be laughed at by the bank if I tried to apply for a £40k loan? I expect it would have to covered under a personal guarantee as the business only has credit cards that are based upon my personal credit. I have a near perfect personal credit score, combined business & personal credit limit of around £15k. Thanks for listening, I'm still quite young and sorry if I come off as naive. [link] [comments]  |
| What's the leanest way of implementing this payment process? Posted: 18 Jun 2019 10:45 AM PDT I'm trying to validate an idea for a newsletter that contains one-of-a-kind products sold by third parties. Is there an easy way of adding a payment system that lets buyers 'Request to buy' (like Airbnb's 'Request to book')? The flow would look like this:
Eventually there'll be a Stripe setup, but I'm trying to move quickly and avoid too much code for now. Thanks! [link] [comments]  |
| Importing 200kg to the Netherlands from China? Posted: 18 Jun 2019 10:34 AM PDT Hi, for my company I will be importing low price / high weight goods. The problem is that I'm flabbergasted by everything regarding shipping. I'm reading about incoterms, but it is all abracadabra to me. I thought about just shipping DDP, but this seems rather expensive. What would be my best options? Thank you! [link] [comments]  |
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