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    Monday, August 26, 2019

    NooB Monday! - (August 26, 2019) Entrepreneur

    NooB Monday! - (August 26, 2019) Entrepreneur


    NooB Monday! - (August 26, 2019)

    Posted: 26 Aug 2019 06:17 AM PDT

    If you don't have enough comment karma here's where we can help.

    Everyone starts somewhere and to post in /r/Entrepreneur this is the best place. Subscribers please understand these are new posters and not familiar with our sub. Newcomers welcome! Be sure to vote on things that help you. Search the sub a bit before you post. The answers may already be here.

    Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    Don't worry about people stealing your idea

    Posted: 26 Aug 2019 07:00 AM PDT

    Apparently, a lot of people are obsessed with the possibility of other people stealing their business idea and turning it into something. Especially on this subreddit, people pitch vague concepts fearing someone will rob them of their three-sentence plans. However, most of us - "us" meaning human beings - believe we have good or even great ideas. It's only that Netflix, Reddit, and one F2P battle royale or another got in our way and keep getting in our way.

    But, believe it or now, it's not the ideas that usually result in success - it's hard work, determination and missing out on all those previously mentioned things. Some don't go this route but some win the lottery or have rich cousins die and leave them a fortune.

    Sure, it's awesome if you do have a great idea and the drive to make it work. In that case, we might all know your name in 20 years from now and recognize you only by your round glasses and that black turtleneck you always wear.

    Yet, even if you remain not-Steve Jobs, you can still have a very successful venture. To get it, don't get too caught up in protecting anything that might be something. Instead, focus on taking nothing and building it up to something. If that includes other people, then risk them stealing your idea. Otherwise, move onto another idea, even if it's only a one-person micro venture.

    Lastly, even if someone does steal your idea from a Reddit post and makes it into a huge thing, you will get something priceless - the knowledge that you're a person who can have an amazing, workable idea. This means that if you had that one, you can have another one as well.

    submitted by /u/IvicaMil
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    People who are making 50k+/year working for yourself, what do you do?

    Posted: 25 Aug 2019 11:26 PM PDT

    I saw this old post from 2 years ago and thought I'd ask again. Would love to know.

    submitted by /u/WithOneSipOfTea
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    How a bad experience in a local eatery has lead me on to the possibility of a life of passive income.

    Posted: 26 Aug 2019 08:11 AM PDT

    Hello r/Entrepreneur, I am an Indian software developer running a dev firm along with 2 other people. And time is money for us(We sell our time). At-least that is how it has been till now. And to quote warren buffett "If you don't find a way to make money while you sleep, you will work until you die."

    We develop software & applications for our clients and once we hand over the code, there is very little chance of reoccurring revenue from the same client unless there are any bugs or the client needs to make some changes in it. There have been days we have gone without any revenue cause we have not been able to get any clients. Despite our best marketing efforts we have never been able to close any big ticket deals yet thanks to the reputation our fellow Indian's have built for themselves in the world of software outsourcing (Majority of big ticket projects still are outsourced to India but the projects get passed down by multiple levels of contractors & subcontractors and Indians end up being at the lower end of the chain).

    Okay enough ranting, I will cut to the chase.

    Few months back me and my team went out for lunch to a local eatery. It was rush hour and after being seated we waited for a whole 7-10 minutes for the menu to arrive. When it arrived, the menu was soiled and the waiter was in a hurry to take our order. In India the menus contain at-least 100-200 dishes on average and it takes a while to go through them but the waiter kept coming back every 20-30 seconds. I got frustrated and asked him to get whatever was popular and it was a utter poor decision. The food was funky and we left immediately.

    While on the way back we discussed how it would have been nice if we did not have to wait for the menu. The obvious answer being we should check for menu online before even entering the restaurant. So we returned to our office and did a quick research.

    Turns out more than 75% of the restaurants in my city did not have a menu online, the few who did have one were all delivery menus (Which differed a lot to the actual dine in menu). We checked restaurants of other cities as well and the statistics were more or less the same. So we decided to do something regarding this.

    The next few days we spent talking to restaurant owners regarding the issue and we found out the reason they did not have a menu online was due to the cost of developing a website and maintaining one. The fact that they had to depend on a developer to add or delete a dish did not help either. Lastly, majority of the owners even argued that not many people check online menus before deciding to dine in.

    We had to do something! We spent nearly a week on brainstorming for some solutions which would help solve both the online and offline menu issue. One which did not require the intervention of a web/app developer every time a restaurant decided to change something. And after multiple experiments, we finally made it happen!

    Let me introduce you to the SMART MENU

    • It's a menu made for smartphones which can be embedded into a website (Online)
    • It can be changed anytime anywhere from a mobile app by the owner/chef.
    • It can be placed on tables by taking a print out of the above or can be hung on the door or literally anywhere an eatery wishes to (Offline)
    • No reprinting paper menus anymore.
    • No more touching those unhygienic menu cards / No more cleaning the laminated menu cards.

    Our first user ever!

    We have 5 eateries using the technology now and we hope to increase it to 1000 within the next few months. Currently we are even exploring NFC and Raspberry pi based hotspots to eliminate the need to even scan a QR code.

    If successful we will finally start earning while we are asleep. I guess. Ironically, we have not had a good nights sleep since we began our journey with this. And honestly, we are a little scared too.

    Note- Your opinion, advice and criticism will be helpful for us in the long run. Thank you.

    submitted by /u/Trilochan20
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    How to hold a conversation

    Posted: 26 Aug 2019 03:03 AM PDT

    Hey guys, I hope this brings some value to you and your conversations. Whilst directly applicable to the dating world (my world), it's also extremely useful in business and networking.

    How to not run out of things to say:

    I don't know how many times I've been told something along the lines of "I don't know what to say", or "I run out of things to say". It's crazy how common this is and also how easy it is to fix.

    👉Why we run out of things to say:

    When you're talking to a friend or family member or even to yourself you really never run out of things to say, conversation flows naturally.

    However, why is it when we are talking to someone we've just met and who we are hoping to impress we hit a mental block? The reason is, we put so much pressure on ourselves and have unrealistic expectations of what makes a conversation.

    Conversations are organically imperfect. There are silences, tangents, and completely unconnected threads of thought. But, the difference is we don't judge ourselves in these situations as we aren't looking for a certain outcome.

    👉How to have a conversation:

    1️⃣ Take the pressure off of yourself and what you expect from the interaction

    2️⃣ Listen! If we actually listen to what the other person says rather than worrying about what we're going to say it is SO easy to naturally flow. Conversation threads come out of it naturally. For example if someone says "I'm not from here, I'm from Russia but I'm studying" that gives us three threads to follow. Not from here, Russia, Studying. Easy.

    3️⃣ Give value and share. Often the reason we run out of things to say is because the other person stops speaking and we put all the pressure on ourselves to say the perfect thing. It's completely normal to share things about yourself, what you're excited about, what you've been doing recently. By doing this we also take the pressure off of the other person.

    4️⃣ Stop worrying about the words. We've heard it so many times but it's really not about the words we say. At least 90% of the conversation is sub-communication, how you're saying things, how you're feeling, what your eyes and body language are conveying. So, great news the words really mean less than you think.

    5️⃣ Honesty, observations, statements and assumptions. When I started to implement these things my conversations reached whole new levels. Call out what you're thinking and feeling. Make observations about the person or things around you. Speak in statements and make assumptions about the person or people you are talking to.

    6️⃣ Avoid yes/no questions and look to find out something deeper about the person.

    7️⃣ Be genuinely curious. Curiosity is key. You might meet someone and feel that the conversation is running out or you can't connect, but being curious about the world and the person is highly attractive and you can always find something out about them if you really care.

    What do you guys do to help in your conversations? What are your main conversational sticking points?

    submitted by /u/Bizzell1987
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    Does anyone start a social startup with success or know any good example?

    Posted: 26 Aug 2019 01:02 PM PDT

    My closest competitor just went out of business.

    Posted: 26 Aug 2019 02:00 PM PDT

    I run a small, locally based service based tech firm. We are doing well in our local market and industry, but are still fairly small company of 3 people. My biggest competitor was bought by an out of state company about 7 months ago, and just last week announced that they have let all the employees go and are closing their doors.

    What would you do? How can I capitalize on this situation?

    It seems the company that bought them mismanaged their customers. I had heard a few poor reports or doubling prices, not informing the clients, and not responding to emails.

    submitted by /u/tillwehavefaces
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    A pretty big company wants to buy my social media account, how much should I ask for?

    Posted: 26 Aug 2019 09:56 AM PDT

    I looked them up and they make almost 20M USD a year. How much should I ask for my twitter account?

    They contacted me asking to buy it and gave a number, but I want to get an unbiased evaluation.

    Would how many followers I have effect the cost?

    submitted by /u/Thin_Yogurtcloset
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    Offering a Product in a New Vertical Would Love to Get Feedback

    Posted: 26 Aug 2019 11:55 AM PDT

    Hello!

    I run an artificial intelligence and data science consultancy called www.riaforce.com. We mainly assist startups and small enterprise companies build AI and data science applications or solidify their strategies in these fields.

    Lately we have been trying to move into also offering retainer and monthly subscription based services. We have connections to small hedge funds and family office investment firms, and many of those groups do not have an on staff AI and data science expert.

    For this reason we decided to do some analysis of a company from and AI and data science perspective. We showed this research report to our leads as a teaser, and got some nice feedback. Since this is a new vertical it is better for us to get as much feedback as possible.

    If you take a look at the link below we'd love to hear some feedback either publicly or privately. I can be reached at [joseph@riaforce.com](mailto:joseph@riaforce.com) or at my direct line 908-848-3080.

    AI Research Report PDF

    submitted by /u/RIAforceCEO
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    Looking for a Merchant For Small Business in Canada

    Posted: 26 Aug 2019 02:24 PM PDT

    I'm currently looking for a good merchant provider that will accept digital good sales in Canada, any answers are much appreciated. Also interested about chargebacks and any advice on how to deal with them when selling digital goods. Thank you in advance

    submitted by /u/jason12111
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    I’m trying to open a clothing store in Walmart plaza.

    Posted: 26 Aug 2019 02:06 PM PDT

    I currently have 2 stores in a flee market. But was thinking about relocating to a vacant store next to Walmart. Any insight as to how businesses next to Walmart do? I won't compete with Walmart cause our clothes are completely different. I'm mainly targeting Millennials.

    submitted by /u/JR122694
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    How much impact does the perception/history of a brand/products have? And who is seen using it?

    Posted: 26 Aug 2019 02:05 PM PDT

    If its a luxury/premium product and in a fashion/personal product industry, the people using the product ideally are the target market. With some other products they want communities to use it (skaters, hipsters, university students). Others companies do not care who use it, or no one will notice. But a product/brand can use peoples m

    My assumption is that a brand probably starts out as niche/luxury/premium/experiential/communal brand or product that targets and grows their presence overall or more likely in a few communities. And then as time goes on repeat customers will notice the improvements its made, the quality, the reputation, the distinct styles few have the expertise in, the features few are able to create. The history and reputation.

    How should a company seek to sculpt brand image thats a good foundation to get a distinct brand that people are with?

    submitted by /u/ShoemakingHobbyist
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    Does a POD business still have a profitable margin ?

    Posted: 26 Aug 2019 12:57 PM PDT

    Hi entrepreneurs!

    I am 19y/o and have started a drop shipping business 2 years ago. Needless to say that it failed for multiple reasons which now I know and won't repeat those mistakes. One of them was the fact that I did not choose a niche where I was interested neither I was involved in it, but now the thing is different, I know the people that I am targeting and I have collected the feedback from them and they said that they would be happy to buy my shirts if the designs look good. My question is does a POD still have a good profit margin if I expect to have 8$ per shirt ? Does other types of merch like mugs be better ?

    submitted by /u/Lions_Centre
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    Help decide a direction for a scalable concept

    Posted: 26 Aug 2019 12:49 PM PDT

    I have a beautiful modern space with a fully functioning bar with 8 beer taps, an express kitchen, and a cozy outdoor patio in a great downtown location. I rent this space out to craft breweries for a week at a time and we brand the place to look like it's their bar to an outsider (a pop up essentially) and they bring their own staff. This allows a brewery to get feedback and dip their toes into a market before opening their own place, and allows me to give the community a new experience every few weeks. Other times it's rented out for private parties and I provide a bartender.

    I feel like I'm on to something, but not quite there.

    Maybe opening up 2 others in different regions and setting up a circuit to send breweries on? Maybe make a relationship with distribution companies in each region to set the breweries up with as a showcase. But is that solving a problem? Is distribution even hard to come by for these guys? Maybe working with Kombucha companies or cold brew coffee because both work from kegs? Maybe try to get space in local grocers to sell beers from companies that come through? Idk

    I thought I would consult with this community to see if anyone had an idea to make this concept either as versatile as possible or as streamlined in one direction as possible. Either direction is interesting to me, so all input is appreciated!

    submitted by /u/OhNoChodes
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    $5k/month embedding custom calculators on websites.

    Posted: 26 Aug 2019 09:00 AM PDT

    Hey - Pat from StarterStory.com here with another interview.

    Today's interview is with Joris de Ruiter of ConvertCalculator, a brand that sells calculator form builder.

    Some stats:

    • Product: Calculator form builder.
    • Revenue/mo: $5,000
    • Started: January 2017
    • Location: Rotterdam
    • Founders: 1
    • Employees: 1

    Hello! Who are you and what business did you start?

    Hi all! My name is Joris de Ruiter and I'm the founder of ConvertCalculator, a SaaS business that helps small businesses automate their sales processes and grow their business.

    I started coding the project in September 2017 and launched the MVP in one week. One week later, I onboarded my first paying customer.

    Since then 3500 businesses signed up which resulted in over 1 million calculator page views. Right now, the business makes $5000,- in monthly recurring revenue with 150 customers.

    image

    What's your backstory and how did you come up with the idea?

    I started my first business together with my roommate when I was at university; a creative agency. We started out doing social media and online marketing campaigns. We pivoted to web design when we were one year in. We mostly build simple marketing websites for small businesses, also doing SEO and online marketing.

    Besides client projects, I started over 10 projects to get out of the "money for hour" trap. All of them failed.

    After building websites for a couple of years, I realized my talent lay mostly in coding more complex web applications. I quit the agency to do web development contract work, all alongside my search for that one project which would take off.

    In September 2017 a client approached me and asked if I could build a "calculator" for their website. I thought about all those times entrepreneurs approached me wanting a "price quote calculator" for their website. In nine out of ten cases it was just too expensive to build.

    So instead of quoting my client, I suggested they pay $30,- per month for it. They said yes. This was my first validation for the product.

    I just listened to Tyler Tringas' podcast on Indiehackers, which suggested to check Upwork for the demand of a potential product. I did that by searching for "price quote calculator", and yes, I found several requests for developers to build custom price quote calculators. This was the second validation for the product.

    This was enough for me to get an MVP out. I created it in one week, launched my marketing website and showed the calculator to my client. They loved it, but the project was put on hold, so no paying customer yet. You can imagine that this really bummed me out.

    I decided to promote ConvertCalculator on Quora and Help forums for website builders.

    image

    An example of a Quora comment. Check it out here.

    One week later I got my first user ready to start paying. The problem was I didn't offer a way to upgrade yet. I remember I was at the airport and getting a third email from that customer "complaining" that he couldn't checkout yet.

    I was going on a surf trip and didn't want to keep him waiting, so I started coding in the plane, pushing the update out when I arrived in Portugal. When I came back from my first surf, I got my first payment confirmation email from Stripe.

    That was the validation I needed to keep going!

    Take us through the process of building the product.

    So I got my first paying customer in the door, followed by a second one a couple of days later, but the product was still very early-stage.

    I knew I needed months of coding to get to real product-market fit. I learned from previous projects that the worst thing you can do is develop behind closed doors, so I started improving the product incrementally, with a lot of input from customers. In fact, I scheduled 2-3 calls a week to get more and more insights on my customer's real challenges.

    Two of my core values are freedom and independence, so you can imagine I am really big on bootstrapping. This meant that 2018 was a hectic year; building and growing ConvertCalculator and doing contract work to pay the bills.

    End of 2018 I was on $2500,- MRR, and I decided to go full-time; hoping I had enough runway (with my limited savings). That proved to be successful and I haven't looked back ever since.

    Until today I do everything myself, development, design, marketing, and customer support. The only help I got (big help I must say) was from a startup advisor. He helped me prioritize, make better decisions and focus more on the customer. He is now a dear friend, and we created a side-project together called ContactBubble; a floating contact form for your website.

    Describe the process of launching the business.

    There is not a lot to say about my product launch. I don't really believe in those "great moments that change everything". In my view, it's all about showing up every single day, making progress in small steps.

    I didn't really have a smart launching strategy, I just pushed my website and app to production and started talking about it online. I initially didn't launch on websites like ProductHunt or HackerNews. I never felt my product was good enough. I did get a lot of customers via Google, product forums, Quora. A year into it I decided to launch on ProductHunt and HackerNews. My product performed reasonably well there, but I didn't get a lot of actual customers via these channels.

    When I "launched" I just picked a price that felt right and went with it. I had three plans (Hobby: €9, Pro: €20, and Premium: €60), but I hadn't had time to build actual Premium features, so you can scratch the last one.

    Over time the product became more valuable, so I decided to increase pricing. That's the best thing I could have done! Not only did revenue increase, but conversion rates did go up as well. My advice to anybody is to "raise your prices".

    Since launch, what has worked to attract and retain customers?

    The single most important thing related to growth to date is SEO.

    In my opinion, It's the only truly sustainable way of growing a SaaS business that you can control directly. Another one is word-of-mouth, but that's something you earn with creating a solid product and doing good customer service.

    image

    My main strategy for SEO was creating landing pages for every single use case of the product, such as lead generation, quote building, and order forms. This way I could focus every page on a small set of keywords, that all flow to the homepage, which is optimized for, the more general, term calculator form.

    Although this strategy worked, I realize I need to focus more on creating blog posts to cover niche subjects and provide my customers with valuable information on how to run their business online. Another opportunity is link building, on which I didn't focus at all.

    I haven't explored a lot of other growth areas yet (besides launching on ProductHunt and Hackernews). The reason being that I do customer support myself and I want to remain sane and grow calmly.

    Actually, The second part of 2019 will be the perfect time to explore other growth channels, especially advertising and content marketing. So exciting times ahead.

    How are you doing today and what does the future look like?

    I can't complain! ConvertCalculator is profitable and growing at a steady (but small) pace. The down-the-line conversion rate is 1.1% (from visitor to paying customer), which is ok and the customer lifetime value averages around $700,-. I would say that I'm ready for the next phase: growing the business.

    I have two goals for 2019. The first one is growing too $ 8000,- MRR. As I mentioned earlier I can achieve this by experimenting with other growth channels and spending more time on marketing in general.

    The second goal is to phase myself out of the day-to-day operations, meaning that I can spend all my time on product development and strategy. To make that possible, I will need to (1) improve documentation and UX and (2) hire customer support and marketing specialist.

    I have a long-term goal as well, although not directly related to ConvertCalculator; I want to live a more balanced life. That means that I want to spend 3-4 hours a day on work, and leave enough time to spend on things and people that bring me true happiness.

    Through starting the business, have you learned anything particularly helpful or advantageous?

    Yes definitely! I'm a person with a lot of imagination and I'm always thinking and dreaming about big and crazy things. This is great for creativity, but you can imagine I have had real difficulty with productivity / sitting down and getting things done.

    Starting a business means you've got to carry your own weight. This pressure kept me in work mode and learned me to stay grounded. From the success of ConvertCalculator in particular, I learned that grit is the number one derivative for success.

    What platform/tools do you use for your business?

    For customer support, I used to use a chat app, but I didn't like to be in "support mode" all the time, so I created my own tool called ContactBubble, making it easy for people to reach us and easy for me to answer questions. Because customer requests are just sent to email, I need a good email client/customer support platform to follow up. I use Front and I love it!

    For hosting, I use Heroku and MongoDB Cloud. The dev stack is based on MeteorJS, with React and TailwindCSS (love this!).

    For email marketing, I'm using MailterLite, but I'm going to try out EmailOctopus. I haven't found any good (and reasonably priced) tool for email automation, so this is all hard-coded in the platform.

    For productivity I use Trello.

    What have been the most influential books, podcasts, or other resources?

    The IndieHackers podcast helped me a lot! I remember countless times when I was in my car to go surfing and listening to another podcast and thinking: Yes I need to do this!

    Regarding books, I got a lot of guidance from Essentialism; this especially helped me to not do things, in order to focus on more essential things. I also get a lot of inspiration from reading books about eastern philosophy, especially Zen.

    Advice for other entrepreneurs who want to get started or are just starting out?

    The absolute number one is "do fewer things". Focus on the truly essential stuff, and do this right. Don't put all that other stuff on a todo list either, maybe write it down somewhere if that helps, but I don't do that either.

    Another important lesson I learned is that "done is better than perfect". So let go of your inner perfectionist and get the work of the door.

    The last one, and I think that's the major reason why all my other projects failed, is ** to talk to customers**. You don't have to do everything (or anything) they say, but you will learn a ton. I scheduled 2-3 calls per week for a full year now, and I still get valuable insights from customers sometimes.

    Are you looking to hire for certain positions right now?

    I'm about to fill the first position, so no. I want to be careful with hiring; I want to hire when it really hurts.

    Where can we go to learn more?

    You can learn more about ConvertCalculator via our website. If you are interested in ContactBubble, you can find it here.

    You can find more about me and the other projects I'm doing, you can go to Stay Bold.

    If you have any questions or comments, drop a comment below!


    Liked this text interview? Check out the full interview with photos, tools, books, and other data.

    For more interviews, check out r/starter_story - I post new stories there daily.

    Interested in sharing your own story? Send me a PM

    submitted by /u/youngrichntasteless
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    How to deal with negative Yelp reviews? Yelp is cracking down on solicitations for reviews. Its AI can detect if a review was solicited. This means that my happy customer reviews are “not recommended.”

    Posted: 26 Aug 2019 12:39 PM PDT

    I've been sending out surveys and asking those with positive feedback to give a good review to offset negative ones. However, these reviews end up in the "not recommended" category. Only today did I read that Yelp does not want business owners to ask for reviews, apparently because it creates bias (but the people leaving negative reviews are not biased?).

    I'm a little perplexed about how exactly I boost the business's rating if I'm not allowed to direct happy customers to leave reviews.

    It seems like pretty universal knowledge that people who have a negative experience are more likely to leave reviews; so the happy customers need a boost.

    submitted by /u/Ladidahideeho
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    Thoughts on my website redesign?

    Posted: 26 Aug 2019 12:22 PM PDT

    Hey,

    So a few days ago I made a post about gaining traffic to my website. The main advice I was given was to redesign my website and fix my titles. For the past few days I have been completely redoing everything. I still have a few articles to change to the new template but for the most part the redesign is finished. I would love to hear people's thoughts and criticisms about my website.

    Thanks

    https://stncmedia.com

    submitted by /u/jdgfin
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    (Xpost r/TIFU) TIFU by authorizing an employee to make a $100 purchase with Bitcoin

    Posted: 25 Aug 2019 10:26 PM PDT

    Hey guys, I made this post on TIFU if you want to give the original some love, but thought the story was too good not to post on here as well. Full story below!

    So this entire process started this January and was brought to light this last Friday in a leadership team meeting. I own a tech company with a medium sized team (a little over 30 employees). One of our employees on the marketing team needed authorization to make a $100 purchase of bitcoin with the company debit card for some sort of email service which was offered by someone in a different country. I didn't really know what it was for, but $100 to make an employees job easier is typically always worth it.

    This was our first bitcoin purchase as a company so the employee used one of the major bitcoin exchanges to make the purchase. This was also done through their company email address (so we think... we'll come back to this).

    The purchase did end up taking place. The bitcoin was purchased from the exchange and successfully transferred to the other party's wallet. This should be the end of the story, right? WRONG!!!

    This Friday, our CFO brings up in our meeting that we have been charged $100 every week for the last 8 months from the exchange we made the initial bitcoin purchase from. He assumed it was a recurring payment for the service we initially purchased, but we all confirmed that this should have been a one time purchase of $100. Time to call the employee in a get to the bottom of this, right? WRONG!!!

    Here's where it gets tricky... That employee is in Austria to visit family and was out last week (returns this week thankfully). We have an idea of what email he used, but are struggling to get in contact with him to resolve this. Who knows, he may have used a personal email... If we don't have contact by tomorrow, we're planning an administrative password reset to access his company email account, but haven't taken those measures yet... His last email was that they don't have a charger for his Mac and he forgot his on the trip... Already an internal issue we're dealing with, but we can leave that out for now.

    Our assumption is that this employee "mistakenly" turned an auto purchase on to buy $100 of bitcoin every week. These aren't huge purchases, and again, our CFO just assumed it was for a recurring service so it was pretty much ignored on our books.

    Luckily, there is a potential silver lining in all of this. I believe we've purchased a little over $3000 of bitcoin this year and the price has almost tripled since we started buying! Assuming we can get into the account and cash in, this may be the best "mistake" one of our employees has ever made! There's also the off chance that he's funneling bitcoin to his own personal wallet which we might not even know exists, but I don't think this will be the case. Regardless of the result, we're about to find out this week. Either we're going to cash in, someone is getting fired, or we just had $3k+ disappear into the block chain.

    TL:DR An employee made a $100 bitcoin purchase and accidentally turned a weekly $100 auto purchase on. The employee is on vacation so we still can't confirm if we have access to the bitcoin since we have basically no communication with him. We'll find out if we made a bunch of money, if he's funneling to himself, or if it has disappeared this week.

    submitted by /u/Millionaire_
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    I’m designing small affordable services for DEV teams. The idea is to assist those tasks that small teams can not easily accomplish due to lack of skills/time (busy schedule).

    Posted: 26 Aug 2019 11:23 AM PDT

    Based on your experience, would help me to list tasks that your dev team would benefit from outside assistance? How much would you pay?

    For example:

    1. Assistance to migrate prod env to serverless $500
    2. Setup EC2 dev & stage environments, with deploy script, rollback, etc $200.
    3. Assistance maintaining unit test? Full UI automated testing?
    4. Assistance with UI-UX improvement $100
    5. Architectural assessment
    6. Assist the team with planning/estimations
    7. aws-vpn for your team $100,
    8. Any other ideas?
    submitted by /u/fabiancastle
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    Any advice on streamlining work for 1 to 2 people as a side job selling shirts?

    Posted: 26 Aug 2019 11:13 AM PDT

    I design, print, package and sell shirts that target the outdoor community. It's small right now but I seem to generate more sales from the instagram and Facebook account pages than the small outfitter shop I have some shirts set up in. The end goal would be to have new designs come out that have enough of a pull that outfitters and stores would want to buy bulk prints to sell, ridding me as the manufacturer and sales guys. The goal for the end user is to get a quality shirt or jersey for running, biking, ect, at a low dollar price. I aim to catch buyers who cant afford or dont want a cool looking 35 dollar t shirt from Salt Life or wherever. So I dont know what direction I should take to streamline all of this work. I'm not computer stupid but I am illiterate when it comes to making a website. What is the cost going to be to make a nice, streamlined website that will help me get more shirts out? Should I even focus on that? Should i work at building the brand to have a strong local pull and try to branch out? I teach as a career so I unfortunately cannot devote a full 40+ hrs to this side gig. What direction would be wise to take?

    submitted by /u/mr_tatertits
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    2019 Flipping Project Part 7

    Posted: 26 Aug 2019 11:09 AM PDT

    Hey guys,

    Back in the beginning of the year, I posted on r/entrepreneur about tracking $1,000 throughout the year. I buy and sell baseball cards mainly as a hobby, but wanted to challenge myself with $1,000, trying to reach $10,000 by the end of the year. I had been providing fairly regular updates to the r/baseballcards community, but thought I should also provide my updates here (in case anyone is interested). You can find the previous installment here.

    To recap, in my spare time, I enjoy buying and selling baseball cards. I am fairly active in the hobby and have a bit of success "flipping" cards. I wanted to track $1,000 through the year and see what I can turn it into. I am documenting that here. In part one, I purchased this for $950 before buyer's premium, coming to $1,165 with shipping. After fees, I sold the set for $2,622.79.

    What Sold (since part 6)

    • Those 15 Hank Aaron cards arrived back from PSA and I quickly sold them off (6 via Buy it Now and 9 via auction). I sold those cards for a combined $2,053.38! The lot was led by the 1962 Bazooka which sold for $400 via BIN. You can find the other bazooka card prices here if interested. If you remember, I bought the entire lot for $1,068 and still have several of the more valuable cards with PSA. I should hopefully bring in another $1k+ from this group.

    • I sold the last two cards from that 1969-1973 Yankees high grade lot. The 1969 Gene Michael went for $449.00 and the 1970 Bahnsen went for $205.49. This brings the final tally for the lot to $6,200.10. Not bad.

    • The two 1930's Goudey cards also sold via BIN. The 1937 Feller sold for $395 and the 1936 DiMaggio sold for $295. I still have a couple cards that I am sending to PSA, but pretty nice for a $300 lot.

    • I took a chance and listed every card from the 1934-36 Batter-Up set I bought in July as a $.99 auction. The cards sold for a combined $2,120.35, so $1,802.30 after fees. The profit of $364.49 is fine, but not great. This lot probably took 5-6 hours to organize, scan, list and sell. Still not terrible.

    Purchased

    There were a lot of great auctions this past two weeks. I tried to participate in all of them and won quite a nice group of items.

    • I bought this neat group of Sandy Koufax cards from a Memory Lane auction a couple weeks ago. After buyer's premium and shipping, it came to $869.60. The cards are already in hand and I will likely list the bulk of them tonight. It's possible I will send a few of the postcards into PSA, I haven't decided yet.

    • There was a Huggins & Scott auction last week that I bought several items from. All for this project:

    Item Amount (inc. Fees)
    1934 Goudey "Big League Chewing Gum" Wrappers Trio $84.00
    1977-1979 Topps Baseball Rack & Cello Packs (6) $1,090.00
    Perez-Steele "Great Moments" set w/ 28 signed $570.00
    Perez-Steele "Great Moments" set w/ 42 signed $720.00
    1952 Bowman Football Small Signed Lot (38) $1,140.00
    1961-62 Fleer Basketball Oscar Robertson Signed Lot (2) $690.00
    1969 Topps & Deckle Edge Baseball lot w/ PSA graded $276.00

    There is a lot here and maybe too much to talk about. I generally have a rule to avoid autographed cards (which I obviously broke here). I find that autographed vintage cards are rarely worth the hassle, they generally require BIN and authentication. The authentication can take a while (2-3 months) and is expensive, and they don't always sell quickly. I think I bought these at enough of a discount and most of them are authenticated already, so I hope it will be worth the effort. We will see.

    PSA Update

    That T206 Cy Young card came back to me today. As expected, it was graded authentic altered (it's slightly trimmed). I still think it is a $500+ card. I'll list it tonight.

    I still have a few cards from this project with PSA (the Hank Aaron odd-ball cards), and I have a dozen or so cards waiting to be sent to PSA. I will keep you guys updated.

    So, to update the summary:

    Item Cost Sold Fees Inventory^ Profit
    1972 Kellogg's Set $1,165.00 $3,085.64 ($462.85) $1,457.79
    1960's Mantle Postcards $27.99 $82.55 ($12.38) $42.18
    1966 Topps Lot $20.50 $46.00 ($6.90) $18.60
    1967 Vene. Topps Mantle $432.80 $825.00 ($123.75) $268.45
    1960's Insert Lot $420.00 $1,004.88 ($150.73) $434.15
    1960's Empty Boxes $645.00 $1,914.60 ($287.19) $982.41
    1956 Adventure Gum Set $956.13 $1,405.40 ($210.81) $238.46
    1961 Golden Press Set $3,451.20 $3,956.15 ($593.42) ($88.47)
    1957 Topps Partial Set $122.01 $190.01 ($28.50) $39.50
    1909-Moderm "Grab-Bag"* $796.00 $407.83 ($61.17) $500.00 $50.66
    1936 Goudey R314 Lot* $288.00 $714.55 ($107.18) $50.00 $369.37
    1969-1973 Topps Yankees Lot $2,771.20 $6,200.10 ($930.02) $2,498.89
    Hank Aaron "Odd-Ball" Collection* $1,086.68 $2,388.04 ($358.21) $750.00 $1,693.15
    Pre-WWII card lot w/ Cobb & Mathewson* $1,882.55 $1,882.55 $0
    N154 Duke Presidential BB Club Pair* $390.20 $390.20 $0
    1934-36 Batter Up Low Number (1-80) Complete Set* $1,437.81 $2,120.35 ($318.05) $364.49
    (23) Sandy Koufax 1950's and 1960's card lot* $869.60 $869.60 $0
    1934 Goudey "Big League Chewing Gum" Wrappers Trio $84.00 $84.00 $0
    1977-1979 Topps Baseball Rack & Cello Packs (6) $1,090.00 $1,090.00 $0
    Perez-Steele "Great Moments" set w/ 28 signed $570.00 $570.00 $0
    Perez-Steele "Great Moments" set w/ 42 signed $720.00 $720.00 $0
    1952 Bowman Football Small Signed Lot (38) $1,140.00 $1,140.00 $0
    1961-62 Fleer Basketball Oscar Robertson Signed Lot (2) $690.00 $690.00 $0
    1969 Topps & Deckle Edge Baseball lot w/ PSA graded $276.00 $276.00 $0
    $21,332.67 $24,341.10 ($3,651.17) $9,012.35 $8,369.62

    *-denotes inventory still on hand (see below).
    ^ -inventory on hand is valued at a conservative estimate of fair market value for remaining items.

    Grading Fees: $390 (just assuming $15 per card to keep everything easy) – 26 cards have been sent to PSA.

    Current On Hand

    Cash: $132.27

    Inventory

    • 1909 T206 Cy Young Portrait (to be listed)
    • 1936 Goudey Al Simmons (currently holding for PSA)
    • 1936 Goudey Gabby Hartnett (currently holding for PSA)
    • 1968 Bazooka Hank Aaron (at PSA)
    • 1954 Johnston Cookies Hank Aaron (at PSA)
    • 1955 Johnston Cookies Hank Aaron (at PSA)
    • 1975 Topps Deckle Edge Proof Hank Aaron (at PSA)
    • 1972 Topps Cloth Hank Aaron (on transit to PSA)
    • 4-5 oversized Hank Aaron cards (1970 Topps Super, 1971 Topps Super) that I will send to PSA once I get enough for the bulk service (currently holding)
    • 16 Pre-WWII card lot (on way from Grey Flannel)
    • N154 Duke Presidential BB Club Pair (on way from Collect Auctions)
    • (23) Sandy Koufax 1950's and 1960's card lot (received, will list)
    • 1934 Goudey "Big League Chewing Gum" Wrappers Trio (on way from Huggins & Scott)
    • 1977-1979 Topps Baseball Rack & Cello Packs (6) (on way from Huggins & Scott)
    • Perez-Steele "Great Moments" set w/ 28 signed (on way from Huggins & Scott)
    • Perez-Steele "Great Moments" set w/ 42 signed (on way from Huggins & Scott)
    • 1952 Bowman Football Small Signed Lot (38) (on way from Huggins & Scott)
    • 1961-62 Fleer Basketball Oscar Robertson Signed Lot (2) (on way from Huggins & Scott)
    • 1969 Topps & Deckle Edge Baseball lot w/ PSA graded (on way from Huggins & Scott)

    There are a few auctions over the next couple weeks. Hopefully I can get some stuff sold before then!

    ALSO! If anyone is interested in what the financials for this project would look like:

    As of 8/26/2019 Amount
    Cash $132.27
    Inventory^ $9,012.35
    Initial Capital ($1,165.00)
    Revenue ($24,341.10)
    Cost of Goods Sold $12,320.32
    Fees (15% of CoGS) $3651.17
    PSA Fees $390.00

    I look forward to continuing to update everyone on this. Hope you enjoy as much as I do.

    Jason

    submitted by /u/MachiavellianFuck
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    Does anyone know a tool where I can create an interactive web/map

    Posted: 26 Aug 2019 10:56 AM PDT

    I want to map a process and make it interactive so when you click on part of the process it'll zoom in and give you additional details on that process or hone in on few specific links of the process, but you'll also be able to zoom out and see the overal process.

    submitted by /u/orangeifi
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    Is this fake scarcity

    Posted: 26 Aug 2019 10:45 AM PDT

    Hi,

    I sell a self study course helping English speakers learn French and have been quite successful but I have always struggled with the scarcity factor.

    I have tried:

    • Offering discounts for 48 hours
    • offering a bonus for 48 hours

    What I haven't tried is only selling the course for say a week every 4 months because It feels strange to only allow people to buy a self study course for a few weeks per year even though the course could technically be for sale all the time.

    Do you agree that it would be strange or even unethical? Or am I missing out by not doing it?

    And if I do choose to only sell the course to existing subscribers for a few weeks per year and not allow purchases the rest of the time, would it be unethical to set up an evergreen launch for new subscribers to the email list?

    submitted by /u/Waxiliumbenjaminum
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    How to find my own

    Posted: 26 Aug 2019 10:30 AM PDT

    Hello, I am new to this sub and also a college student. I currently work at a marina on a lake, making $12/hr. + tips, valeting our customers boats to the water and back. I'm working 8-8, four days a week and I'm sick and tired of the heat and physical labor. My roommate is also in college with me and I've known him for 3 years now. He buys and resells apple products, and is making significantly better money than I am. He has his own schedule, doesn't have to report to anyone, and can make money any time of the day. He's one of my really good friends and I'm proud of him for finding something that works for him. I'm just struggling to find my own thing, and was seeking advice to get started on my own. Any growing opportunities, fields, or anything else that would help me out would be greatly appreciated!

    submitted by /u/Keaton24H
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    Make me a eco friendly phone case that doesn't cost $40.

    Posted: 26 Aug 2019 10:21 AM PDT

    Seriously, I can't find any besides Pela cases and they cost too much.

    submitted by /u/tbk125
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