What is this subreddit for? Entrepreneur |
- What is this subreddit for?
- Don't quit your day job (yet)
- How I quit my day job
- Create a sub for sharing your r/SideHussle
- What do you guys think of hyperlocal social apps like Nextdoor? The next big thing?
- As a founder that does not live in the US, can I incorporate a Delaware C-corp and raise money?
- Google's UX Retail Playbook
- How do I make a custom redirect link (mywebsite.com/Promotor'sName)?
- What are some must-read books for entrepreneurs?
- Was I wrong for doing this?
- You ain't seen nothing yet
- Advertising a great deal to your community without breaking MAP?
- Being my own boss makes me procrastinate too much. I need immediate help.
- The people who said they were interested in my business haven't replied back to me....
- What do you think a marketing person do?
- Just finished my exams, thinking about what to focus on
- How many businesses have you got going?
- Service based business that can be set up and maintained remotely?
- Need advice/help on brainstorming a logo
- Have a guess?
- From burnout to business owner
- What are the best promotional items to give new customers?
- Auto-bookkeeping?
- Advice on becoming a certified consumer electronics distributor?
| Posted: 08 Jun 2019 07:59 AM PDT Honestly I'm a bit confused. Because to me the entrepreneur subreddit should be entrepreneurs and those transitioning (or starting) to exchange ideas, tips, and best practices. So when I search for accounting software, legal questions, or other entrepreneurial dilemmas, all I see is 0 upvote posts hidden deep in the catacombs of this sub. Yet posts about subreddit drama or people talking about how they make $x/mo, get plastered over the front page. And It's a shame because you often learn the most from the comments. So can someone please fill me in? Or should this question be posted in r/outoftheloop [link] [comments]  |
| Posted: 07 Jun 2019 04:26 PM PDT I've seen so many posts of "I quit my job today, I'm going to start......." and it breaks my heart every time. Businesses are more than good ideas, you should NOT jump into something headfirst before it is proven. Start working nights and weekends fleshing out your idea, go through the MVP cycle and once you have something coming in, then quit. Please don't put extra stress and an arbitrary time limit for yourself by starting to burn your savings down. I love you all, I love this community so much and I know there may be times where diving headfirst worked out for someone but it would be foolish unless you've successfully built a business before. [link] [comments]  |
| Posted: 08 Jun 2019 03:28 AM PDT The topic of quitting your day job seems quite polarising on here right now so I thought I'd give my two cents. TLDR: I worked evenings and weekends on a side project that eventually outgrew my day job income and allowed me to quit. I was in a fortunate position that I was able to negotiate a 4 day week at my remote job very early on, but evenings and weekends work just fine. If you haven't listened to or read Rework by the 37 Signals guys I would recommend it. It basically advocates for making small steps and working smarter instead of harder. The act of doing something to improve your side project every day/week is more important than what you do. Consistency is what most people have because they race off and quit their job and are then forced to "hustle". Obviously if your day job is causing you incredible stress, anxiety and affects your physical and mental wellbeing then those are valid reasons to quit early, but for most people that's not the case. I had the security of my day job to explore my side project, which was an abandoned site that the former owner was shutting down. Each week I would make small but impactful changes like:
I did the basics, but I did it consistently. As it grew, I explored related markets and started supplementary sites. Once I had an emergency fund and the side project was earning more than my job, I waited another 6 months before I actually quit, even though I was desperate to. The delayed gratification made me really appreciate the process more and I knew I was sure sure that it was what I wanted. There's no one size fits all, but I'm very glad I didn't quit without having all my ducks in a row. I don't think I could handle the pressure of knowing my family was relying on me making it work. [link] [comments]  |
| Create a sub for sharing your r/SideHussle Posted: 08 Jun 2019 01:32 PM PDT |
| What do you guys think of hyperlocal social apps like Nextdoor? The next big thing? Posted: 08 Jun 2019 09:25 AM PDT Nextdoor and other similar apps might be common for those in the US and Europe but it is almost non-existent in Asia. Essentially the ability to form communities within your area and keep each other updated. I understand that there were a fair bit of criticism around privacy and racism and Nextdoor did the necessary steps to mitigate the issues. They are currently actively expanding into Asia but I was wondering if such an app would work in this region where people tend to be more reserved. Personally I have not used such an app because it simply did not exist over here; but I would love to have a go at it. I was wondering if I could seize the opportunity to launch such an app in my country (Singapore) or even Asia before they go big, just like how Grab and Didi rivalled against Uber by having home ground advantage. [link] [comments]  |
| As a founder that does not live in the US, can I incorporate a Delaware C-corp and raise money? Posted: 08 Jun 2019 04:51 AM PDT I'm Romanian and I don't live in the US, so I'm not sure if what I'm trying to do is possible. One of the investors I'm talking to is interested to angel invest in the startup I'm building, but he demanded the company be founded in the US. Is it possible to incorporate there given my nationality and whereabouts? If yes, what costs should I be expecting? [link] [comments]  |
| Posted: 08 Jun 2019 01:20 PM PDT If anyone's starting an e-commerce store or building products for retail space, this would be a good start from a user experience point of view. https://services.google.com/fh/files/events/pdf_retail_ux_playbook.pdf. [link] [comments]  |
| How do I make a custom redirect link (mywebsite.com/Promotor'sName)? Posted: 08 Jun 2019 12:40 PM PDT I'd like to be able to give out a link to my Shopify website which, when clicked, can be distinguished from an ordinary link on my website. This is so I can determine how much of a commission to pay advertisers. Thank you so much for any advice. [link] [comments]  |
| What are some must-read books for entrepreneurs? Posted: 08 Jun 2019 08:41 AM PDT I'm a big fan of things that are pretty easily accessible: Malcolm Gladwell, Tim Ferris, but I feel like I'm just scratching the surface. Any recommendations? [link] [comments]  |
| Posted: 08 Jun 2019 11:30 AM PDT So I used to do resumes for people. I wanted to buy something pretty bad so I decided to do resumes. At the time I was talking to a few people online who were also in my boat. ( young and unemployed) I found a way to make 30 dollars per resume and they told me that since I only had one actual job in my life, and I was unemployed at the time of writing them I shouldn't be given opportunities to make so much money. Then one went on a rant and said I'm stupid, retarded, I am morally wrong and one person even referred to me as evil. :/ Some people even said it was fraud and I don't deserve to be making 60 or more dollars a day writing anything. I thought this was strange since these people were my age and knew how hard it was to get a job. They knew that I had a job before in the past so I didn't understand why so many people were so negative when I told them I finally found a way to make decent money online. I liked the fast money doing resumes for people and I was eventually able to buy what I wanted. But am I wrong for doing resumes for people at 19 if I only technically held one job in my life? [link] [comments]  |
| Posted: 08 Jun 2019 11:24 AM PDT This is the title of an article from The Economist this week. It's an interesting read. The second half of humanity is joining the internet. They will change it, and it will change them. Here I'm thinking everything that can be done on or with the Internet is already done. Oh boy! This article upends my narrow view I suppose. So, I scratched my cerebrum harder to figure out what the second half would look like. Maybe lift more people above the poverty line, perhaps reduce the number of accidents, internet is free for everyone, ... What would second half look like? Thoughts? [link] [comments]  |
| Advertising a great deal to your community without breaking MAP? Posted: 08 Jun 2019 11:15 AM PDT TLDR: Got a product everyone is asking to buy on my IG account, manufacturer gave me good coupon discount, however said I can only give the coupon to people who message me about it, due to MAP. How can I get the word out about the discount and drive sales, without breaking manufacturer policy? ----------------------------------------------- Background: I run a IG account to a certain niche (let's say auto mechanics). I saw my posts on a certain $5000 machine were getting crazy response, with people messaging me where they can buy one, etc. I reached out to the manufacturer and they gave me a custom coupon code for their product, 5% off ($250 off) the machine. (I get a 10% kickback on each sale). HOWEVER... they said I can only give this custom coupon to people who reached out to us asking where to buy one. The manufacturer's exact words were: "Now this code isn't something you can post on social media or create campaigns around the discount since we do have a strict MAP policy, but rather if someone reaches out to you looking to purchase a machine you can offer it to them personally." Are there any other ways which I could drive sales to this product, without breaking this policy? Perhaps something along the lines of creating a post about the machine and saying "for a special deal on this machine, send us a PM for a coupon code!" or something similar? I know some websites hide the price until you click on the item, when it then shows the item with a coupon. Was wondering if there are any other creative ways to drive sales while not breaking the manufacturers policy. [link] [comments]  |
| Being my own boss makes me procrastinate too much. I need immediate help. Posted: 07 Jun 2019 11:11 PM PDT Started a small business last week. The excitement made me do a lot of progress on the first days, but after the momentum was gone, and after I treated myself with a celebration after a sweet sale, I became ABSOLUTELY lazy. Yesterday I procrastinated so much that I didn't go outside, was just on the couch and the computer all day. Today, it's 2pm, and I still haven't done a thing. I'm afraid that this could continue, and I'd be wasting even more days doing nothing. [link] [comments]  |
| The people who said they were interested in my business haven't replied back to me.... Posted: 08 Jun 2019 10:48 AM PDT It's been 2 weeks for everyone and I'm still not getting a response from anyone who said they were interested in my program. Does this mean they aren't interested? It's been almost 3 weeks. [link] [comments]  |
| What do you think a marketing person do? Posted: 08 Jun 2019 10:18 AM PDT I talked with a few business owners that did not hire marketers because they were not sure about what they do and how they could help the company. I'm curious about your thoughts. [link] [comments]  |
| Just finished my exams, thinking about what to focus on Posted: 08 Jun 2019 09:57 AM PDT Hey everyone, so I just finished my college exams and now have 4 months of free time. I have always been interested in entrepreneurship, but never had the will or motivation to start. I am now really considering finally getting into it. The problem is, I just don't quite know what to focus on. I have 2 product ideas, a sexual toy lol, and a clothing line and 2 apps. Should I start with one of the materialistic ideas, to get into the business state, get experience etc. or start nurturing a skill ? In this case programming which I could translate into my app ideas. I am currently learning excel, which I am already really good at and I am thinking about getting a job in analytics, statistics or something, so I also get some experience here and have some money + stuff for my CV. So what do you think I should do ? Should I get a job and try both ? Or focus only on one things, if yes, which attitude towards entrepreneurship is the best ? [link] [comments]  |
| How many businesses have you got going? Posted: 08 Jun 2019 09:54 AM PDT How many businesses/side hustles have you got going? Do you stick to one business and focus all your efforts on scale or have many going at the same time? [link] [comments]  |
| Service based business that can be set up and maintained remotely? Posted: 08 Jun 2019 09:50 AM PDT |
| Need advice/help on brainstorming a logo Posted: 08 Jun 2019 09:41 AM PDT I know exactly what style I want my logo to be in but am stuck on what the logo should actually depict. My budget is extremely limited because this is a home crafting business. I would be happy to use Fiverr but I've had bad experiences there, the sellers I've spoken to don't really seem to understand what I'm asking for. Are there any specific sellers you can recommend, or any pieces of advice on choosing something? [link] [comments]  |
| Posted: 08 Jun 2019 08:35 AM PDT I want to name my startup Packiter what service do you think I will sell? [link] [comments]  |
| From burnout to business owner Posted: 07 Jun 2019 03:46 PM PDT I dont know if this is exactly a success story, but it sure is a one related to my happiness. I want to share my story and i hope it will bring some interesting thoughts or inspiration to you! Be it inspiration, encouragement or some other feelings. I got into my current field of business while still being in a university in 2015. It was an unpaid intership. Where im from it is mandatory for our degree to get an intership (part of curriculum, gives 15 ects, "credits" ) , and it also is not an easy task since the placements are quite scarce. I was a complete newbie in the industry, but was essentially blessed to have a very thorough and mentoring boss who wanted me to learn as much as I could in the short term of 3 months internship. To top it off, i had great colleagues as well. This internship, while being unpaid, was my first experience of a white collar job, and I loved it. I worked blue collar for some 7 years before going to university. And i did well. Participated in everything i could, took notes, was curious and always eager to learn. I liked it there and definitely saw myself to making a career in the company if given chance. Got a great recommendation as well. Fast forward one year forward - i got a position as junior consultant in the company while still being in my studies finishing up some courses + bachelors thesis. Was very upbeat, now being a part of the company. Felt INVINCIBLE. Invincible, as in so hungry to make as big a paycheck as possible. It was in a huge company. Had enormous energy, learned fast, was moving up the ladder really quickly. Loved it, did huge hours (9-11/day) but it didnt bother me since what was the cons - less video game time? It was easy to prioritize career of personal pleasure. Until I broke down. Completely broke down. I did not see it coming at the time. I had stopped my hobbies. I became more tired. I didnt accept being tired! Goah, work is what defines me! Im loyal to this company! One day I was so broken down i literally could not lift my computer laptop lid open. I had a panic attack. I was diagnosed with burnout and was on a sick leave for 2 weeks. Was on a total emotional rollercoaster but mostly felt resentment towards upper managemt for being overworked to the maximum. When i returned to work it didnt feel the same. Ive always been a Company man. Always eager to any task. Not anymore. I stopped caring, and started completwly half assing the job. I felt betrayed by management. I knew i had to go. My performancw got worse and worse as i was struggling with mwntal issues due to burnout and had all these thearapy sessions. I finally quit. Felt happiest in YEARS. Enjoyed some 1,5 months on savings. Rested a bit. Spent time with my wife more. It felt great. Fwlt great from the start! It was the right move to quit. Started my own company. Now its six months going. Its still very raw and I make a fraction of what i used to. However now that i see that i can succees on my own i know one thing for sure: Im never being an employee again. Im an entrepreneur. The freedom just kicks ass and im happier than ever. Thanks for reading this far. Let me know if you like to know how my entrepreneurship has been doin for past 6 months. [link] [comments]  |
| What are the best promotional items to give new customers? Posted: 08 Jun 2019 08:25 AM PDT Hey all, About to launch our new business on July 1. Our business is membership based and for our top tier members we want to include a welcome package with some goodies. We were wondering what exactly the best things to include would be. Has anyone done something similar before? What did you find to be the best items that customers enjoyed and the best items for your marketing? Our business is travel based by the way. Top tier membership is $50/month Here is our list so far and we will likely be doing some sort of combination of a few of these items:
Open to suggestions and would love feedback from those who have done this before. Cheers! [link] [comments]  |
| Posted: 07 Jun 2019 09:32 PM PDT A vast majority of our income is via Stripe and a vast majority of our expenses via 3 credit cards where the charges are mostly predictable. My co-founder hired a "reputable" firm to do our bookkeeping, but after looking at the numbers, we're paying $2-3k a month for what I'm told is very simple data entry (friend who is a controller took a gander). We could hire someone for a low hourly rate to do the menial data entry, but I can't imagine this work just can't be fully automated all together to avoid human error with our thousands of transactions a month. I looked at Expensify and Auto Entry, but no one seems to make software that let's me set some rules for revenue and expenses then let it run. What does everyone here do about bookkeeping? [link] [comments]  |
| Advice on becoming a certified consumer electronics distributor? Posted: 08 Jun 2019 07:59 AM PDT I just started an online consumer electronics store and looking to build relationship with manufacturers, like, Sandisk, Acer, Asus, Logitech etc. I can buy off their US warehouse or FOB from factory directly. Any advice to getting this done? I have all my business documents in order and my company is based out of NJ. [link] [comments]  |
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