contractor wants to become a "partner" in my llc, but I'm not ready for that small business |
- contractor wants to become a "partner" in my llc, but I'm not ready for that
- Must have small business apps?
- Business Plan
- Starting Plastic Surgery Center/advice
- Pricing Unlimited Use License
- Dating as an entrepreneur
- Google Maps Listings?
- Can I get some intellectual property advice?
- What are trusty websites to use for incorporating? Or should I go see a CPA/lawyer in person?
- How to make Surveys more Fruitful?
- Thoughts on a $15/h Minimum Wage?
- Running a Gas Station
- Small Business - Video Copyright
- New landowner...should we stay or should we go?
- Few reasons: why clients do not prefer agencies?
- Legal age to get a business license and do you need a specific license for drop shipping?
- Asking to rent an office building parking lot space? Odd question but a good one!
- I’m venturing into the snack food space and I was hoping y’all might have some insight into (gross) margin expectations that grocers have?
- Full Commission Rep
- How do I figure out how much equity each member of our LLC has?
- Time management-working full time and your own business
- Starting in Data Analysis Consultancy
- Does anyone make money by buying small businesses?
| contractor wants to become a "partner" in my llc, but I'm not ready for that Posted: 29 Aug 2019 02:35 AM PDT I'm not ready to split everything 50/50, it's been my company for 15 years. What else could I offer them? A smaller amount of ownership or equity? Is that possible? I'm running an LLC with no employees. [link] [comments]  |
| Must have small business apps? Posted: 28 Aug 2019 01:55 PM PDT Hey guys, Just looking for insight into some must have apps you find help with running your small business. I am currently in the personal coach/fitness business and have just got the ideal waive of liability app and it got me thinking what else everyone is using. Thanks [link] [comments]  |
| Posted: 28 Aug 2019 08:46 PM PDT I'm seeing multiple business plan templates online, as well as multiple examples, some short and some very long. I'm completely clueless on which one I should use as I need to submit one soon to get a large grant that would certainly help my business immensely. Anybody know any business plan templates or sites regarding business plans that would be ideal to use?? It would be greatly appreciated [link] [comments]  |
| Starting Plastic Surgery Center/advice Posted: 29 Aug 2019 04:50 AM PDT Full story, currently work for a plastics center that started very small and has expanded greatly. I am anesthesia and I work closely with another surgeon. We would like to detach from this company and form our own in another city. We will have no issue obtaining business however, I would like advice and which professionals I need to collaborate with. Obviously need to speak to a lawyer and CPA, however, since we are in the brainstorming stage I'm unsure how I should pay them. Do I seek out a CPA and lawyer with a one time fee? Do I seek a CPA first to see if the business plan is on the right track first? My plan was to use two LLCs, one for our plastics company with the surgeon and I as 50/50 partners. I would then use my current anesthesia LLC (I do locum jobs already) to be paid per case by the plastics LLC. Then the surgeon would either be paid by the plastic company a salary or per case, not sure yet, or maybe form his own LLC? We will be operating in the gross income over 5m range. We both have intricate knowledge of the inner workings of our company and I would manage the business aspect initially. However I need to have a base business plan to start... Any advice appreciated! Forgot to mention the state -FL [link] [comments]  |
| Posted: 28 Aug 2019 08:41 PM PDT I run a small software business (me full time and my buddy part time) and we make software that is typically used by programmers and enterprises. We have a piece of software that we sell on our website that goes for 100 dollars a unit. We typically license per server. We advertise that we offer "unlimited use, enterprise licenses" but you need to contact us for a price. We sell a lot of the 100 dollar licenses (enough to not be completely broke). Usually a company will buy 1 license and then buy a couple more after they use it for awhile, etc. We found the enterprise license "contact us" thing to be pretty typical but we are having a really hard time finding the right price\strategy to really make it work. We've tried pricing by customer head count, expected server count and just random numbers. It's not the best strategy but we figured that eventually we'd find the sweet spot but I'd rather not lose a bunch of potential customers to the fact that we don't know what to charge them. Recently, we had a customer come to us that wanted an unlimited license that mentioned that they had over 300 servers they wanted to outfit with our software. We quoted them at a 75% discount (7,500) of our list price (300*100 = 30,000) and they said it was too much. We found that...surprising. We've only been offering this unlimited use licensing for a couple months but haven't had a successful sale yet. A lot of the people contacting us aren't the decision makers so we wonder if that's part of the problem or if it really is just the price. The number of companies contacting us about the unlimited us license is starting to increase so it's scary not having a solid plan in place. [link] [comments]  |
| Posted: 29 Aug 2019 02:43 AM PDT Hey everyone, I´m currently trying to find out how one could make the lives of us entrepreneurs a lot easier. As an entrepreneur, you are probably a very interesting and ambitious person. I am wondering if anyone feel like their dating life is not living up to their full potential. If that is the case, I have two very simple questions:
You are more than welcome to answer in a private message to me if that is more comfortable. (No, not trying to sell anything) Thanks so much in advance – truly appreciate every feedback I can get and I am looking forward to reading your answers! I am sorry if this is a bit off topic but I truly feel like this is a relevant subject for us entrepreneurs which I am very passionate about. [link] [comments]  |
| Posted: 28 Aug 2019 10:36 PM PDT Does anyone have experience with editing info on Google Maps? I have claimed my business and have edited all the pertinent information but it's not popping up on searches. I own a small restaurant and cafe, but the coffee/espresso bar does not take a back seat to the food. A huge part of my business is the legitimacy of the coffee program and we are very competitive (along with accolades) in the coffee scene but we do not appear if you search for "cafe" in our area. I have listed ourselves as a cafe in the Google My Business "Info" section. Getting visibility is obviously key to success, so if anyone has insight on how to literally get us on the map I would great appreciate it! [link] [comments]  |
| Can I get some intellectual property advice? Posted: 29 Aug 2019 01:49 AM PDT Been in a partnership for about 3 years. The last year partner did nothing at all. During that time I made something quite fantastic and it appears like it's going to get a large amount of traction. Since my partner made no contribution either financially creative or technologically. What is the best way to take him out of the business. [link] [comments]  |
| What are trusty websites to use for incorporating? Or should I go see a CPA/lawyer in person? Posted: 28 Aug 2019 04:55 PM PDT |
| How to make Surveys more Fruitful? Posted: 28 Aug 2019 11:12 PM PDT To make Surveys more Fruitful is very challenging whether it's online or offline. In offline surveys when an interviewer approaches a respondent often the respondent may agree to take the survey out of human courtesy or as he/she may find difficult to say a clear 'No…'. In an online scenario, there are no social courtesies or pressures on the respondents…
Because of the above two reasons very few people are willing to participate (spare time) for surveys unless there is some kind of inducement or incentive, whether financial or non-financial. Without such incentives, the respondents may not fill surveys at all or may fill them far too casually than required. Therefore, these incentives are provided in the surveys to not only make the participation a possibly 'fruitful' experience but also to induce more sincere responding. With something at stake (and junk/incorrect responses often leading to disqualification from winning that stake) the respondents may/often tend to respond more honestly. Read more: 6 Tips that will help to Improve Online Surveys[link] [comments]  |
| Thoughts on a $15/h Minimum Wage? Posted: 28 Aug 2019 06:18 AM PDT As a small business owner with approx 30 minimum wage workers, the thought of a 30%+ increase in labour costs compared to the current minimum wage in my area is concerning. My area has one of the lowest costs of living in my country. I'm already struggling a bit to service the business debt and have enough to cover my family of 5's living expenses. What are your opinions on how a $15 minimum wage would affect small businesses? [link] [comments]  |
| Posted: 28 Aug 2019 09:03 AM PDT Hi all, lost soul, new here. Story time, along with some questions at the end and a TL;DR if you don't care for stories. Maybe a good chunk of this post is just me wanting to voice my thoughts and see them in writing. My parents have been running gas stations for quite some time now, at which I help. We currently own 2 gas stations as well as a small convenience store. I'm out of school now and probably not using my degree, as I figure it'd make more sense just growing their empire. Going to school for international business was a mistake and I'm now realizing I'm not only better off, but also more interested in, just working by their side and growing what they have instead of picking up a job with my degree. My parents never had a proper education and have simply been doing business with my dad's own creative ideas. Now, he's not the best mentor. He actually sucks at explaining anything ever. He can do the things, just not teach. Nor is he good at prioritizing / efficiency. Now I'm not saying I don't respect him, he moved here with nothing, went from minimum wage, to factory jobs, to semi-driving cross country, to his own transportation company, to gas stations. He's done plenty in his time. My turn. I'm trying to figure out where to start. One of our locations is doing absolutely no business and yet it has the potential to do more than the other 2 combined. It's located off of a state route, hardly 300 feet from the East/West exit ramps. I've come to the conclusion that it needs a major face lift and redesign. Hell, we don't even have a public restroom. I have to knock out the storage alley and make a drive-thru (see #1 in first IMGUR link), knock out a wall on the inside that's ALSO used for storage but could be used to push back the coolers and create more shelf/floor space(see #2 in first IMGUR link). The design/efficiency of this store is atrocious. The above image is a basic idea of what it looks like. Way too much storage area. Where does one start?
I know it won't become Rome overnight but I simply haven't a clue where to begin. Do I go for a local architect? LinkedIn? Big company? What are some tips you guys can offer for someone new to the life? Developing motivation to carry through with everything, staying focused, being efficient, managing time properly? If this were a restaurant and I were on a show like Kitchen Nightmares, Gordon Ramsay would have my head. TL;DR Gas station has an abysmally low yearly sale (~50k gallons a month?); don't know where to start. Stories that helped you/Guidance/Tips appreciated. [link] [comments]  |
| Small Business - Video Copyright Posted: 28 Aug 2019 03:49 PM PDT I'm going to be paying a production company to shoot and create a 60-90 second commercial video for my website. In their contract, it has these terms: Customer is granted unlimited promotional and advertising use of the materials and products created under this agreement. Video Production Company retains the copyright on all work. It appears very common in the industry for the videographer to retain the copyright of the materials and grant the customer the right to use them. Is this something that I should negotiate, or are there other considerations I should keep in mind before I go forward with the deal? [link] [comments]  |
| New landowner...should we stay or should we go? Posted: 28 Aug 2019 06:43 PM PDT My dad has been running a small business with 2 employees for the past 29 years. He never missed paying the rent since 1990, and the landowner has been generously kind to charge my dad almost the same rate ever since he started business. With the money that's brought home after paying land rent, employees and utility fees, my parents pay off debt, mortgage costs, and etc... But this year, things took a difficult turn. We got a new land owner. We are being asked to pay almost 3 times the rental rate from the previous landowner, and our attempts at negotiating rent decrease were unsuccessful. The 3x rent rate is understandable due to inflation over the years, but "What to do?" continually nags my father's mind. So..."Should we stay or should we go?" EDIT: With a change in landowner, our lease will go from month-to-month to fixed term (2-3 years) I am not an expert at business, finance, money, or econ, but I guess this post became an open-ended question. Have you had a similar experience in regards to landowner or rent increase? I thought about this post for the majority of the day, and I've realized that there is no easy way out. If it's God's plan to fight through a difficult time, we should prepare ourselves with the appropriate mindset and knowledge to overcome these obstacles. Thank you for taking your time to read this; I hope you have a nice day! :) [link] [comments]  |
| Few reasons: why clients do not prefer agencies? Posted: 29 Aug 2019 02:04 AM PDT We all know that we should be client-centric in our dealings if we want to establish good relationships and deliver true value in the eyes of the client. Part of that is understanding the common problems or small annoyances clients have with agencies. If you know about these hassles and perceptions ahead of time, it brings new awareness to how you deal with customers and the structures you put in place to keep them happy. I have listed some of the common problems that clients ponder about Digital service agencies. 1. Engaging clients more often a.) The client may be technophobe, the Agency should not say that "Kindly check the proposal" or "suggest us relevant technology". The better approach can be to schedule a call and discuss all aspects of engagement and also assist your client with the best solution regarding Tech stacks, project tenure, payment methods, etc. Do not postpone these type of tasks to client's diary. b.) Sometimes, the client has other works to do and they do not want to make themselves available to project discussions. Agency should not contact/reach more often to the client for every update/issue. the Agency can finalize a day in a week for these types of discussions. 2. Boasting a wide range of service For an IT service agency, It's never a good idea to just say "sure, we can do that" when you really have no idea where you'll start to get it done. Your client wants to hire an expert who can turn out quality work, not wait while you bumble around figuring it out. This over expectation of clients leads to negative results. when you boast of providing all services from designing, development, Marketing, printing, etc. and you do not have proper resources at an instant then it either leads to extension in project tenure or inappropriate delivery of the project. The solution is to be specific with your niche services. 3. Communication Gap The communication Gap is contrary to the first point. But never let the client say, that the agency is not listening to our views/suggestions. Agency should not over-communicate but must inform all progress from time to time. For an offshore/remote service provider, the project manager is necessary as a firstcontact point for clients. It is required that the communication should be done in a proper way through a project management tool such as Zira, Slack, Asana, Trello, etc. It generates a feeling of trust among clients. 4. Unreasonable pricing The clients may not be aware of the digital service industry, but in order to maintain an honest professional work culture; the agency should not quote a price in an ambiguous manner. The effort estimate should be explicit and each commercials breakout should be explained to clients. Also, let them know what you have upper hand against your competitor company. Because If the proposed price is high/irrelevant for clients, they are likely to approach your rival agency. These are the common problems that clients face or distance themselves to engage with digital service agencies. The clients ultimately need:
As an agency, it's important to be aware of these common problems that customers have with agencies, also that they may be coming to you with preconceptions of these types of problems occurring.
Source: https://www.linkedin.com/pulse/few-reasons-why-clients-do-prefer-agencies-shivam-shahi/ [link] [comments]  |
| Legal age to get a business license and do you need a specific license for drop shipping? Posted: 28 Aug 2019 06:20 PM PDT I live in Canada (more specifically Ontario) and I was wondering if there is a minimum age to start a business here. Do I need a license to drop ship? Is there minimum age I need to be in order to get that license as well? [link] [comments]  |
| Asking to rent an office building parking lot space? Odd question but a good one! Posted: 28 Aug 2019 06:13 PM PDT Hey guys, hear me out. Gonna be weird but it makes sense. So there is this very nice opportunity for a smoothie/drink stand in my city. A very highly trafficked foot path, especially on weekends. However, it is public property and thus not for private selling of food or drink. However, there is an office building (one of those "rent an office for the day or month, work here!") type of places. And its parking lot backs right up to the walking trail - aka private property that backs up right to the highly trafficked foot trail. I plan on reaching out to the office building to see if I cant rent the parking space to sell drinks and smoothies (In a professional set up, not a 12 year olds lemonade stand). Is there a specific way I should go about it? Or any issues you guys can forsee with me selling on their property? I mean, if I rent an office space, I'll get a parking spot. Dont really see how it would be that different. Thanks everyone! [link] [comments]  |
| Posted: 28 Aug 2019 06:09 PM PDT I've developed a snack product that I would like to eventually place into the major retailers. I'm trying to figure out pricing and I was wondering if any of you might know what the average margins are for health snack foods at a grocery/supermarket chain? Im not taking slotting fees into account just yet, just looking to price the products out in the simplest way possible. Appreciate the insight! [link] [comments]  |
| Posted: 28 Aug 2019 05:10 PM PDT What strategies are effective for marketing yourself as a full commission sales rep on a lot? Been thinking about flyers, FB marketing, etc. What would be a good direction for this. [link] [comments]  |
| How do I figure out how much equity each member of our LLC has? Posted: 28 Aug 2019 04:54 PM PDT There are three total members. When filing in California, I never put a percentage of each member. Does this mean we are all equal at 33.3%? Thank you! [link] [comments]  |
| Time management-working full time and your own business Posted: 28 Aug 2019 04:23 PM PDT I am one out of 3 partners in a startup business (CBD). My other two partners do not work but one goes to school, while the other is a stay at home mom. So they do have their hurtles but I have less time than all of them due to working full time. This sometimes causes tension amongst us when I don't always have as much time to put into the business. Does anyone have any advice on how to manage your time more efficiently? My main goal is to eventually go part time and then quit for my business. However, we need a bit more profit first 😅 Secondly, anyone have marketing advice for CBD bath bombs? [link] [comments]  |
| Starting in Data Analysis Consultancy Posted: 28 Aug 2019 04:06 PM PDT I've always worked in and around the field, but recently I've started to get serious about doing some consulting work. I don't have any intention of quitting my job, but it would be nice to pick up enough work that I can drop back to 3 or 4 days a week. I've made some connections, identified a bit of a market gap, and lined up my first couple of jobs. I will be working out of my home office. Basically I will be producing entry-level BI solutions for SMEs who lack specialised data experts. I will be taking their datasets and producing a good-looking dashboard or set of visualisations that answer a handful of specific questions they have about their business. I would focus on low-hanging fruit initially, but build the model to allow development of more sophisticated predictive analytics down the track. I initially thought I would build simple stand-alone solutions that can be given to and (largely) managed by the client. My partner (who works in marketing) thinks I should be holding the data transformation as proprietary, and charging a fee for managing the process. The latter obviously has more revenue potential but I'm worried that an ongoing cost will turn off potential clients. I'd really be interested in some feedback on this dilemma (particularly if you are able to speak from the perspective of a small business owner I was trying to sell this service to). I'd also like some feedback about what I should be doing in the startup phase to ensure I keep costs down, whilst building up a solid consultancy with a good pipeline of work. At present I have done little more than set up a basic website with some portfolio examples, and printed a few business cards. [link] [comments]  |
| Does anyone make money by buying small businesses? Posted: 28 Aug 2019 06:56 AM PDT I've heard on this subreddit that people sell their profitable business for about 2 years annual profit. They wanted to retire or cash out quickly. The other I've seen are people that buy failing businesses, that only need a small fix to be profitable. Do you think later on that this is a decent idea if you've got the expertise to understand and manage a business? [link] [comments]  |
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