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    Sunday, July 7, 2019

    Is the advice really good, or are people just saying it's good? Entrepreneur

    Is the advice really good, or are people just saying it's good? Entrepreneur


    Is the advice really good, or are people just saying it's good?

    Posted: 07 Jul 2019 06:07 AM PDT

    No finger pointing, not speaking about any one 'guru' in this field but rather the general flow many of the top advisors have.

    Let's say you have 'Steve'. Steve is a self-made entrepreneur, influencer and worth several million dollars. He writes books, holds seminars and makes YT videos advising others on how to do what he does and be equally successful. His business is selling the business of selling business. A 'knowledge broker', if you will.

    You know the type, right?

    But does following their advice actually work? These people have up to millions of fans and followers, people who follow their advice to the letter, yet most people won't ever get anywhere.

    Do the people who get that equal measure of success get there because of these 'Steves', or because of something they did themselves (dumb luck, good contacts, existing money, good looks, etc etc)?

    Just food for thought. I've devoured so many podcasts, videos, books, and whilst I feel motivated and driven by their words, I often find nothing changes, and cannot figure out why.

    What do you guys think? Do you think that their advice directly works, or does it simply motivate you to find your own path?

    submitted by /u/ThrowagayAccount111
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    Should I throw in the Towel?

    Posted: 07 Jul 2019 08:50 AM PDT

    I took over a failing coffee shop in January. It was making 11,000 in revenue and losing 1k a month. As of June I have it at 21k in revenue, but because of poor management I have it losing money due to labor (easy fix). This is with me taking $800 in pay for rent and travel expenses. I am stuck in a shit deal where I have to pay 1562 monthly to the previous owner (for the equipment and such), and he still gets to keep 30% of the company, yet puts 0 effort and just wants a paycheck.

    I am burnt out and have worked the last 7 months with maybe 7 or 8 days off. Part of me wants to throw in the towel, sell my current shares that I have purchased and just pay off the rest of the debt I accumulated in this project and wash my hands. I'm in debt at this point and behind on my sales tax, and I haven't taken a paycheck once.

    I could also take up a new full time job, work at the shop on weekends and it will stay afloat if I funnel cash back into, I just can't really see the staff running the operation to my standards.. I'm burnt out and feel like imploding at this point

    submitted by /u/Kmckee155
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    This shit is hard.

    Posted: 07 Jul 2019 01:31 PM PDT

    I'm not afraid of hard work, but let me just say..

    I wrote the first line of code for my business 18 months ago, and I've worked very hard to get to the point I'm at now. I'm fortunate enough to work on my business full-time, but as a solo-founder, working every single day, 6-7 days a week has been rough.

    I now look at the road ahead, and I look at the road behind, and I just don't know where I'm going to get the energy for the next 18 months. The amount of work necessary to get from the point I'm at now to the point I need to be at is massive. I guess that's why people say focus on small, short-term goals.

    I don't have enough money to hire people, but I really feel like this is a 3-4 person job at this point.

    I'm so incredibly proud of myself to get to this point, but I'm going to need to be incredibly strong mentally to get to the next point, and I'm just not sure I have that strength currently.

    It's become a problem because I think I'm afraid of progressing... Does that make sense? I'm afraid of how much I'm going to have to "grow up" and change my mentality drastically in order to succeed.. and that shit is hard.

    I'm gonna leave you with this little snippet from Kevin Systrom co-founder of Instagram.. @28:07

    https://youtu.be/zc0Wt6WrjUg?t=1687

    submitted by /u/JacobSaid
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    Overcoming age prejudice

    Posted: 06 Jul 2019 11:30 PM PDT

    Hi, for those that read this I am looking for some manager advice.

    I am a 21 year old night club manger. I worked my ass off to understand the trade, how to treat staff, making sure my finances are accurate and my cash flow is good.

    I have to work with some older promoters. Roughly around 50, who used to own their own club. They know more than me and have more experience, obviously.

    I often feel they have no respect and often downgraded by there comments. They seem to ignore what I say about the direction and service in the club. I have often proven myself correct and at the times I have been wrong, made sure not to make the same mistake.

    Tonight I heard them over talking to my staff. Telling them to sell certain bottles and even give some away for free. The staff listened to me but I ended up in a huge argument where I was insulted and made to feel a fool.

    I was told that I was a bad business man with no understanding or experience.

    I'm guess I'm asking who to handle them as my position out ranks there's. But it just feels like I'm being pushed around.

    submitted by /u/Headersuk
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    Should I listen to my peers, or the target audience?

    Posted: 07 Jul 2019 12:08 PM PDT

    Hey /r/Entrepreneur

    I run a graphic design business in Cyprus, and I recently did an unprofessional study to find out what kind of website is desirable for my clients. I asked questions on their preference regarding the website's appearance, the website's features, and what they would prefer to see in the landing page. There are two questions with results that stirred me up a little bit.

    Exhibit A: "How would you feel about a live chat option with the designer on the website?"

    According to my results, 68.2% of users would appreciate a "live chat" option in the website; 13.6% were neutral about it and 18.2% would dislike it.

    Exhibit B: "How would you feel about about an e-shop option where you can add various jobs (i.e. logo, brochure, etc.) to a cart and purchase them at a set price?"

    According to these results, 77.3% of users would appreciate an e-shop on the website; 13.6% were neutral about it, and 9% would dislike it.

    The thing that stirred me up, is that the people who dislike these options that make the users life easier are other graphic designers according to the data. Rightly so, as "commercializing" the process of graphic design is seen as devaluing it. It would be equivalent to an architect having an e-shop of different services. Can you imagine an architect's website saying "design you a house: £10,000 [BUY NOW]"? A little ridiculous I suppose.

    However there is no denying that the user-base would find it highly desirable. Should I implement these systems or not?

    TL;DR: Users want to be able to order graphic design work easily, but I would lose the respect of my peers and probably devalue the work. Should I allow users to do it anyway?

    submitted by /u/kongatt
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    Copywriter here! Want me to look over your site?

    Posted: 07 Jul 2019 08:40 AM PDT

    I have a few hours to burn and thought I'd give a "thank you" to this community for years of help when it comes to business.

    I'm a copywriter (for way too long now - ha) and I'd be happy to take a look at anyone's site and give feedback on where you could improve your copy.

    It might take me a second to get to it, but just leave your website and who your target market is and I'll get back to you.

    submitted by /u/onelifereminder
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    Starting an agency alone or with a friend?

    Posted: 07 Jul 2019 11:13 AM PDT

    Starting an agency alone or with a friend?
    So I'm in a position that I can say, I'm proficient with Google and Facebook Ads, working in one of the top agencies here. I've been planning to start an agency now. I found a niche and a service that stands out from the crowd.
    I currently work, quite far from home. I have about 3-4 hours of work available after work. I have a wife and I came to the conclusion that I still need to give attention to the relationship (After starting a business before).
    1. I can either start the company by myself. Do everything by myself. I can outsource my work but there won't be a lot of profit left. Plus, I'm quite proficient in my marketing skills. I won't have a lot of time left for building connections/cold calling...
    2. Start with a friend. He's very business, brand and sales oriented. He can write copy, landing pages, cold calling like a pro and has the same, long term business vision and can invest money in it. Obviously, it has a lot of upsides but, it has it's downsides, like less profit and something might happen down the road?
    What are your thoughts?

    submitted by /u/Five-stars
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    What are effective things most/some people don't do?

    Posted: 07 Jul 2019 12:12 PM PDT

    what are things that you think are effective that other people do not do?

    1. For example I think people stay only in the realm of the middle to end of the sales funnel which is great, but they don't focus on getting the company name out there HEAVILY in PPC, getting put into articles, getting recommended by youtubers, people of influence,people getting excited and talking about an innovative thing about a product, or a style that is unique. In general getting the company name out there from peoples mouths, and paying to get influencers to talk about the company.

    2. Getting manufacturing, skill capabilities, design styles(iconic product) that takes iterations. Helps to show value in end product and in the company's vision. In the end helps more with guiding people through the middle and end of the sales funnel and the rebuy and refer. Easier to convince and write copy. Helps with end product.

    3. Getting a long standing history of improved products and brand changes. To have a heritage, style/vibe and differentiators. The soul and personality of a brand and its vision. To have a customer base that remembers the journey and changes. To see a brand grow up so to speak. Helps with customer retention.

    4. Owning own warehousing and logistic routes. Owning own patents, owning own idea/assets. Helps end products for its POD or cost.

    5. Best service, customer service, hub of information. Being the best at customer intimacy.

    What are things people tend to neglect, that are highly effective and even crucial to bringing them to the next level?

    submitted by /u/ShoemakingHobbyist
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    Digital Media / Publication Opportunity

    Posted: 07 Jul 2019 11:47 AM PDT

    Hi All, I'm in the digital media space and am looking for a partnership. I've read some pretty amazing stories here and won't discredit the amount of great people on this sub, and thus I come here to pose an important question.

    I'm looking for someone to partner with in the USA who has experience in the NSFW / Digital Media / Publications / Modeling / Fashion industry.

    I own a platform which got 4,7million hits organic unpaid last year and this year is on its way to nearly 10 million hits unpaid and organic. The websites growth is sitting at 200% YoY. My problem is that I am not based in the US where majority users and viewers are, and thus monetization both there and globally become problematic.

    This post is for an open conversation on the topic for any one who is interested. You can fire me with as many questions as possible.

    I can't post the website on here as that would probably be deemed advertising, so you can pm me for the link if you're interested.

    This may be a long shot, but who knows, maybe you're the guy / girl our team is looking for to expand and monetize.

    Please keep in mind I have had many offers to buy and partner on this platform, but have rejected them based on the lack of experience / the platforms massive potential for growth.

    DM me or Post. Thnx.

    submitted by /u/xavv
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    How to avoid and reduce chargebacks?

    Posted: 07 Jul 2019 09:24 AM PDT

    One of the issues i face is chargebacks. Its frustrating. Espicially when service is given. what is the best method to reduce it. I like to have credit card option available to charge customers, to simply provide convenience.

    I was told to offer email money transfer, but i don't know how to set that up on a website.

    One model i like is magazine subscription model. where when customer cancels there is a cancelation charge charged to customers. As an entrepeneur how can i implment this, and how can you set this up?

    submitted by /u/iknothing
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    As a one person company, what's the best way to LLC?

    Posted: 07 Jul 2019 06:29 AM PDT

    My understanding is that it's good to form an LLC to protect myself. I'm also reading that taxes are treated same as if I was a freelancer if I form a single member LLC. But I also read that creating an LLC in another state can reduces taxes. What does this mean for a one person company? Would I still need to pay taxes at my residential state that collects income tax? Or is the LLC a pass through only at the federal level?

    submitted by /u/CottonMouthy
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    Future of Ads?

    Posted: 07 Jul 2019 11:02 AM PDT

    Interesting read, never really thought about VR changing ads.

    http://www.partvr.com/vr-advertising/

    submitted by /u/leiaoo
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    International Shipping and Logistics Questions

    Posted: 07 Jul 2019 02:02 PM PDT

    Hey everyone, I'm a 21 year old student who is in the process of trying to start a side business selling electric skateboards. I've already made contact with a manufacturer in China that I like however I have no earthly idea where to begin to figure out shipping, customs, logistics, etc.

    As of right now, I know that they offer an FOB price which means that they get my products to a port and then I have to arrange the means to ship them across to my location. Do you guys know of any good resources or places to go where I can learn this? At this point in time, I feel like I don't even know enough to know what I don't know, but I have the motivation to figure it out and learn how to do it.

    Thank you in advance!

    submitted by /u/Bakercat09
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    Advice on finding a business partner

    Posted: 07 Jul 2019 01:41 PM PDT

    I live in Phoenix, AZ and I recently started a local scavenger hunt business. I am looking for a business partner who has an outgoing, fun personality in order to do the public-facing tasks. I would like to split 70/30 since I don't expect this person to do anything other than host the beginning & ending of the hunts, answer the phone calls, and do local media. Any suggestions on how I can find this person? Thank you.

    submitted by /u/Littlebitty78
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    Any Business Ideas While Studying in College?

    Posted: 07 Jul 2019 05:37 AM PDT

    I'm about to start my 1st year in college this August. I had this one classmate back in Senior Highschool that already makes big money from binary trading. His parents don't give him money anymore, and he also gets to buy all the expensive cool stuff that students wouldn't be able to afford. Tried a lot from binary trading (didn't work out so well) up to interior decorating. Any business ideas you could share that could help earn money while going through college?

    submitted by /u/mEmaY_Y
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    Advice on funding a very unique business venture

    Posted: 07 Jul 2019 12:41 PM PDT

    Good Afternoon folks!

    First off, I would like to state that I am helping a very good friend with a project he has been working on for 20+ years. He doesn't use Reddit much, so I am trying to be his voice in this realm, lol.

    So like I said, my friend has been working on a project for the past 20 or so years, but has been putting a tremendous amount of work and time into it the past 2 years to make it a reality.

    He has designed a unique underwater habitat/hotel design. What sets it apart from other businesses that have "underwater" hotels, is that this design is not connected to the mainland. It will be at the bottom of a body of water, most likely ocean, or very large lakes.

    The phase he is in now is just funding. He met with architecture firms who have given him quotes for designs, so it isn't just an idea, but a buildable design.

    So my question is, what advice or ideas do you guys have on being able to fund such a unique concept. Thank you guys in advance, and if you want specific information I can refer you the website or FB page.

    submitted by /u/CallMeNess
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    Purpose of a website

    Posted: 07 Jul 2019 07:54 AM PDT

    Hey guys,

    As I am looking to construct a website I am trying to ask myself the following:

    What is the purpose of a website?

    To me, the purpose of a website is to display your services as well as showcase your legitimacy and purpose to the rest of the world. It is a place where you explain why and how your service will work. It is also a place where you speak to your specific audience.

    I have never explored this question. Was wondering how others view it.

    submitted by /u/Mmetr
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    Referral Shop “idea”

    Posted: 07 Jul 2019 11:32 AM PDT

    So I'm from the UK and in the past couple of weeks I've made a fair few hundred £££ from referrals online (see post history) with extremely little work.

    With this in mind, has anyone ever opened up a physical shop to offer referral schemes to people?

    Example, there is currently a referral offer on for Monese bank here which gives both me and the referee £15 free to signup an app and sign up.

    • there are also coinbase offers for $50 with not a lot of work, among many many others.

    My idea? Open up a physical shop to guarantee £50/hour - providing the person brings their relevant ID's and signs up to the relevant free referrals.

    • has anyone ever done this? Surely once the words out - people will be cueing out of the door for free £££ and each sign up nets the shop their % of the referral.

    What do people think?????

    submitted by /u/HODLmanHODL
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    Business people in the apparel industry, I have a question?

    Posted: 07 Jul 2019 11:10 AM PDT

    I'm launching clothing items and I've been getting tech packs designed

    Today I received the first tech pack and I noticed that they took some creative freedom and put my logo across the shirt in an interesting way and I like it.

    However, do I need a tech pack for every single variation to give to manufacturers? If I provide the manufacturer with the logo and tell them to just put the logo in the top right corner of the shirt on the chest... will that be sufficient? Or do I need to get the person who made the tech pack do a version with different logo placements & colors?

    Also, does anyone have any experience with Chinese NNN with Chinese manufacturers?

    submitted by /u/Dellrup
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    How to Get Clients Online and Offline

    Posted: 07 Jul 2019 10:40 AM PDT

    • How can you get clients if you're starting from scratch and you don't have anything to show to your hypothetical clients?
    • How can you convince someone if you don't have a portfolio or experience?

    I came across these question many times online, and rarely I read the most reasonable answers.

    When I started, I didn't have previous projects to present to my clients, and I've never managed a third social media account.
    I built my skills using my social profiles and my business accounts.

    So instead of lying talking about successful projects I worked for, I've done something rare in marketing: I used honesty.

    I admitted I had no experience with Social Media Marketing, but at the same time, I was eager to learn and improve my skills. Plus, I proposed to work entirely for free in exchange for a testimonial video, in case I brought results to the company.

    Funny how working for free in exchange for experience and reviews is rarely contemplated by who wants to start online.
    And I get it! We all want to make our projects profitable from the get-go, skipping the struggle period.

    But let me tell you one thing. Even if I was using my spare time working for free, I loved every single second of it. I could experiment, test new methods, grow my skills.

    If you're genuinely passionate about something, doing it for free only makes you happy.

    And if you handle more than a client, it will take just a few months to grow your expertise exponentially and collect testimonial videos and case for your website.

    This is precisely what I did.
    In around 6 months, my portfolio was magically filled with projects and reviews. I was finally ready to charge for my service.

    WHERE TO FIND YOUR CLIENTS

    The web offers you plenty of possibilities to create connections and find new opportunities.

    All you need to do is to locate the communities where your future clients are hanging out. Usually, you're already signed into the same communities.

    You can start searching for Facebook Groups and Forums related to your niche.
    If you want more options, you can get here a list of the best 5 online communities where to find clients, with a suggestions on how to use each of them in the most productive way possible.

    Make a daily habit of checking these communities, and support people who're looking for help in there. And when it's the case, send a PM offering your service.

    If your advice were useful, sooner or later someone will consider paying you for consultations. And I'm saying this for direct experience.
    Finding clients becomes pretty easy when you start fixing problems.

    OFFLINE COMMUNITIES

    At the same time, you shouldn't underestimate offline communities.

    Look for events in your area, and then attend them in order to create valuable connections.

    If you don't know how to spot events around you, some tools and apps can help you. Here there is a list of 5 tools you can use for this purpose.

    Don't make a mistake to attend these events unprepared. Print a good number of business cards and distribute them to as many people as possible, no matter if they're not your ideal clients.
    The majority of your clients will arrive through recommendations.

    And if you still don't have a website, simply put on the business card your phone number or your Skype name. What's important is to add a way to get in touch with you.

    Let me know your feedback on all this, and if in case you're using other ways to reach clients!

    submitted by /u/pickupchange
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    Well-being for Entrepreneurs

    Posted: 07 Jul 2019 10:08 AM PDT

    Hello everyone,

    I am working on a business that helps entrepreneurs/business people find greater well-being and happiness in their lives. I study well-being and human flourishing which is science backed and evidence based. I wanted to ask what are some of the common issues, problems entrepreneurs face in regards to their well-being and happiness when building and running a business? Thank you.

    submitted by /u/ruckwarrior
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    Launching a new product online can be tough. 73% of ecommerce sellers pull traffic from comparison sites and selling on marketplaces.

    Posted: 07 Jul 2019 10:05 AM PDT

    After some advice on beginning a side hustle...

    Posted: 07 Jul 2019 09:31 AM PDT

    I'm an engineering consultant in Toronto. This means my work hours are, let's just say, more than 40 per week. I've wanted to start some kind of "side hustle" for a while to make some extra cash on the side.

    Do people have any general advice for starting one? Does anyone else do this with full time work and a relatively decent personal life? Would you recommend it?

    Just interested in thoughts and ideas at this point. Cheers!

    submitted by /u/chrisinthesix
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    Sourcing products as a small business

    Posted: 07 Jul 2019 08:18 AM PDT

    I've been trying to source products but it seems that many suppliers have quite high MOQ. As a small business I have very little capital and can't afford to buy large quantities of products. And even if I did, I'd be sitting in stock for a while since I don't have a large customer base.

    Are there any tips or strategies for sourcing products with low MOQ? I've considered explaining that I'm a new business but I figured that may leave the supplier less enticed to work with me. I don't imagine there is much sympathy in this business.

    submitted by /u/repspls
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