Business partner wants to be bought out and recouped all investments even though we haven’t turned a profit yet. small business |
- Business partner wants to be bought out and recouped all investments even though we haven’t turned a profit yet.
- Teenager wanting to start
- What percentage do you pay yourself?
- Weed left in Ex-employee locker.
- I am teenage graphic designer and want to start my buissnes to pay collage.
- I have finished building a prototype of my new product. What are my next steps.
- Wholesaler wondering about gifting/ethics.
- Closing the business down In order to do a rebrand and revamp due to production issue and business partner
- Does anyone do valet storage for universities?
- Company credit card tied to my credit. Advice if company shuts down.
- Driving Traffic to New Site? How to Get More Unique Visitors Without Spending Money
- I want to open a community center
- Ideas
- Construction equipment/vehicle rental
- Is it worth investing into a vending machine at my job?
- I want to sell curtains abroad!
- Physical marketing strategy; Or, How Do I Tell my Physical Marketing is Working?
- What are some other creative ways to create a business name using the word Source or Sourcing similar to Sourcify?
- Starting an online course for Defensive Driving on Teachable
- Feedback needed
- Need you to ask me questions about my business for FAQ section of website. Window cleaning & pressure washing business
- Ownership Pay - Would like to pay an owner a salary far less than minimum wage without taking ownership draw
- Best way to track inventory with no POS system?
- When to cancel GL insurance after business sale?
| Posted: 23 Oct 2019 07:25 AM PDT Hi all! She and I had started a company together two years ago. Since that time we've invested our own money to help keep the business credit cards paid down until we (eventually and hopefully) begin turning a profit. This past month was the first time that we turn a profit. She has reached out to me saying that she would like me to buy out her half of the company and some percent of potential future profits AND to reimburse her for all the personal income that she has invested in to the company this far. I can see her getting a piece of potential profits like a certain percent however recouping what she invested at this point where we are not turning up for profit regularly doesn't really seem to make sense. Am I missing something? [link] [comments]  |
| Posted: 23 Oct 2019 12:03 AM PDT Hi, i am 16 years old. I live in Denmark and i would like to start a small buisness at home! Just something small, that might be going somewhere. I know you shouldn't say "i am a teenager" Because it just a mental distraction i have heard. Because in reality people don't care who you are and how old you are. I was just wondering how i can get started and if there is any investment needed? And also how to choose a buisness idea. I would mostly liekly not sell products, because that is not my thing. Everything is helpful, thank you <3 [link] [comments]  |
| What percentage do you pay yourself? Posted: 22 Oct 2019 06:15 PM PDT What percentage do you pay yourself vs putting it back into the business? [link] [comments]  |
| Weed left in Ex-employee locker. Posted: 23 Oct 2019 09:47 AM PDT Business here in California. Cleaning out ex-employees locker (all our lockers have our own locks on them) and we found a large mason jar of weed. Should we dispose of it? Let ex-employee know we have it? ......or smoke it? Any advice appreciated :) [link] [comments]  |
| I am teenage graphic designer and want to start my buissnes to pay collage. Posted: 23 Oct 2019 08:02 AM PDT Hello guys, i want to start my buissnes to pay collage. I am graphic designer and i want to print my edits on T-shirts and hoodies. Any tips how i can start with it? [link] [comments]  |
| I have finished building a prototype of my new product. What are my next steps. Posted: 23 Oct 2019 01:22 AM PDT I have confidence my product will do well in my niche, what are/should be my next steps? [link] [comments]  |
| Wholesaler wondering about gifting/ethics. Posted: 23 Oct 2019 09:43 AM PDT Working with a small biz who wholesales products for grocery stores. It's a seasonal product so every year we have to re-approach managers to get shelf space. Having said that. It's the end of season and we would like to send thank you cards with gift certificates for all their work throughout the year. . Nothing crazy. $20-30 gift card along with a thank you card. Would this or could this be construed as a bribe/unethical ploy in order to gain favor? As the recipients are in fact the people who purchase from us and negotiate shelf space. I mean. Mega corps take clients out for $10k steak dinners all the time. So I'm guessing it isn't. But would imagine it's a slippery slope and wouldn't wanna head the wrong direction from the get. [link] [comments]  |
| Posted: 23 Oct 2019 09:28 AM PDT Hi, I own a dip company. It's growing in popularity and people love it. I have been doing everything myself- meaning product creation and R&D, production, labeling, delivering, merchandizing, selling, designing, events, problems solving, etc. The issue ? I can't keep up with demand. I decided to get a business partner who said he was going to go all-in to help scale the company, but, he ended up being more of an advisor than anything. I think bringing him on wasn't necessarily a mistake but it certainly didn't help me the way that I thought it was going to help me to grow the company. He showed up for 2 events and gave the company $2,500 to purchase oil. But, didnt help with literally anything else for 6-7 months except 1 meeting a month to criticize me. Overall it was really frustrating and I felt constantly let down by him. The plan was that we would work together to grow the company, but instead he put it on my shoulders like it was before. Then, yesterday, he told me basically how the company isn't doing well and he wants his $ back from the oil and wants us to sell everything we have to get as much $ back to pay him back and get $ in my pocket and pay off our business credit card too. As much as I don't want to give up on the company I also realize the following:
4.The only way to do this is to take a few months off and literally restart the company from scratch What are your thoughts on this ? [link] [comments]  |
| Does anyone do valet storage for universities? Posted: 23 Oct 2019 09:11 AM PDT I have been interested in self-storage for a while and have almost pulled the trigger a few times but moved away from it for several reasons. Recently, however, I have been very interested in starting a valet storage service for the colleges in my area. There are a few universities and none of them have this. I would really like to get in contact with someone that owns or runs a similar service to ask some questions and get general insight. Thanks! [link] [comments]  |
| Company credit card tied to my credit. Advice if company shuts down. Posted: 22 Oct 2019 03:38 PM PDT For the past few years I've been a part owner of a small service company with about $500k in revenue/yr but cash has always been tight. I worked a different well paying full time job and this was something that paid a few expenses and kept some friends in work. I put initial money into the company as a loan and have been paid back. I've been involved the last year doing invoicing, accounting, and ordering and have been helping the business while I ride out a sabbatical after quitting my full time gig and riding out a sabbatical and severance. Our credit card debt is hitting the limit ceiling. Card is used to purchase parts, fuel, airfare, etc. for job costs and other admin expenses. In the last few months our revenue has been suffering due to lack of certain installation work that was a staple of what we did. The companies we contracted with are doing their own work now. I'm looking at a position where even if all of our customers paid Receivables, with about a month of payroll left in the bank, we would be cash negative for the business. I'm sure I want to put more money into it and I want to limit my liability which is mainly the credit card debt. What advice do you have about limiting my personal exposure to the debt? I'm a 30% owner (with two other owners) and the company cards are tied to my credit. Thanks! This sucks! [link] [comments]  |
| Driving Traffic to New Site? How to Get More Unique Visitors Without Spending Money Posted: 23 Oct 2019 08:38 AM PDT Hey everyone, Launched a website recently and I'm wondering how I can drive more traffic to the website? Here's where I've been doing stuff: Facebook Groups Reddit (DM and Small Business Channels) IndieHackers Discord Am I doing something wrong? How did people get their first 30 recurring unique visitors / day? [link] [comments]  |
| I want to open a community center Posted: 22 Oct 2019 09:14 PM PDT I don't know where to start. I guess it would be considered a community center? I'm looking to have a space that is open to the public to host various events, but mostly geared toward families and kids. I envision a space where kids can watch live music, do arts and crafts, have cooking classes for kids/guardians, have story time, etc. Where do I start? I really want to do this for my community and I want to do it successfully. [link] [comments]  |
| Posted: 22 Oct 2019 08:31 PM PDT Ideas Hey guys, I was wondering if anybody has any small ways to make money, like a side hustle. I'm currently have a job and thought of buying a vending machine to make money on the side and save up enough to buy another. But, I'd like to hear what people here did to start that cash flow and build up from there and may use some of their ideas. My future career is business so thank you for any comments! [link] [comments]  |
| Construction equipment/vehicle rental Posted: 23 Oct 2019 07:12 AM PDT I posted this to entrepreneur already but wanted to see if anyone here can Offer insight. I'm considering getting into construction equipment and vehicle rentals. If anyone in this business has any insights or recommendations I'd love to hear how you got your start and any considerations about the business [link] [comments]  |
| Is it worth investing into a vending machine at my job? Posted: 23 Oct 2019 02:01 AM PDT So I currently work at Burlington that approximately has about 10-15 employees at each shift. More on weekends of course. There's a snack machine and there's a soda machine that is owned by Pepsi. My question is...is there a way I can maybe buyout the person who runs those machines and is it even worth running a vending machine in a breakroom where only employees have access to. P.S. I hate my manager and vice versa(she's mean to me for no apparent reason) and she uses the vending machine sometimes. So when I finally leave this job and I end up do buying this vending machine in the breakroom then I would have the last laugh but ya 🙂 [link] [comments]  |
| I want to sell curtains abroad! Posted: 23 Oct 2019 01:21 AM PDT Im working at dads which we sell curtains. Our customers mostly from Turkey and i wanna be the manager of the export department. We have blackouts and ready made type curtains and much more. We can export pretty much everywhere. We also wholesale. Anyone interested in can contact me and i can share some pics , prices and etc. This could be the start of my worlwide sales! [link] [comments]  |
| Physical marketing strategy; Or, How Do I Tell my Physical Marketing is Working? Posted: 23 Oct 2019 04:11 AM PDT Hi, So I have a bit of a conundrum that, as a non-marketing-person, has me completely stumped. I run a very small business supplying a consumable for a reasonably niche sport (rock climbing, including indoor/gym rock climbing). My product is fairly cheap, and if you are a climber you will regularly be buying it over the course of your life. The rock climbing gyms that make up a big element of the sport routinely hold competitions, parties, etc and reach out looking for prize sponsorship, goodies, etc. I have many opportunities to give out my product for free, offer up as prizes/spot prizes and so on or just give out to everyone who buys a ticket - which would be made up of a few very serious/professional climbers and mostly punters who also climb (no spectators - everyone who attends would have a use for my product). MY QUESTION IS: How do i decide how much of my product to give away for free? AND: How do I know if doing so is giving a good return? Any strategies to track how many of my customers come from trying my product as a free sample? Any other suggestions to make this a more effective or efficient process? Thank you very much for your input! [link] [comments]  |
| Posted: 23 Oct 2019 03:54 AM PDT |
| Starting an online course for Defensive Driving on Teachable Posted: 23 Oct 2019 02:56 AM PDT I've (29 y/o) been a driving instructor for the past 7 years in Florida alongside my father (67 y/o), and, over these years I've come to learn that 99% of my students have no defensive driving experience. This is crucial information people need to know, I believe. A lot of them don't even understand the concept of a moving vehicle when they get in the car, and, I was wondering if selling an online course dedicated toward building confidence, developing knowledge and strategic tact. and responsibility on the road would be something people would be interested in? If this is something that could work; Would Teachable be a good place to host this course, and, should I include videos + tutorials on how to: (Defensive Driving lesson here) ??? This is an open question for pretty much anybody, but, if any of you have experience in this field I'd seriously love to know how you got started and what you did. I've never designed an online course before, but, I believe this could benefit both my company, the end-user and a lot of people on the road and I have nothing but experience to share. If this doesn't work out I believe I'll just make youtube videos instead, for free.
Sorry for all of these questions, I've been brainstorming for a while and wanted to finally take a stab at it. [link] [comments]  |
| Posted: 23 Oct 2019 02:47 AM PDT About a month ago I launched https://www.foundergiant.com It's basically a website for finding cofounders. I've been experimenting with ads via Microsoft ads and Reddit ads. I have noticed that Microsoft performs better. The Reddit audience will click the ad but the registration rate is lower than via Microsoft ads. So I would appreciate some feedback on the landing page so I can figure out why the conversion rate is different. Is there anything on the landing page that would make you not sign up if you were looking for a business partner? Thanks [link] [comments]  |
| Posted: 22 Oct 2019 07:37 PM PDT Hello. I am making the FAQ (frequently asked questions) part of my website. I own a small window cleaning and pressure washing business. Pretend you are calling me and inquiring about an estimate on window cleaning or pressure washing service of your home. What questions would you want to ask me during the estimate to make sure my company is suitable for the job? Please and thank you. [link] [comments]  |
| Posted: 22 Oct 2019 07:29 PM PDT I'm just trying to figure out how to structure this before talking to an accountant. Scenario: We are a multi-member LLC, and all of us put in a number of hours outside of our day jobs to slowly grow this business. I put in ~50 hours into my day job, and another 40-50 each week into this project. The others have similar splits. One owner, who happens to be the youngest, is in the best position to dedicate more time to the business, managing the property, and running production. Essentially, he's willing to downgrade his day job to part time so that he can spend the rest of his time on-site. Since he's dedicating so much time, in order to keep him sane, both from a mental and a financial standpoint, he floated the idea of taking $200/wk for his work. This will be far less than minimum wage, so he wouldn't be able to be considered an employee. We are willing to consider him a contractor if that works, but I'm not sure if it's allowed, and I'm not sure it's the easiest way forward. I'm just not sure the best way to structure his pay so that he can dedicate more time to the business, but not have him take a full minimum wage or greater salary or an ownership draw. How have others approached this same idea? [link] [comments]  |
| Best way to track inventory with no POS system? Posted: 22 Oct 2019 07:13 PM PDT Hi all, could use feedback on tracking inventory. I'll be selling bargain books, have about 200 titles each with 1-5 copies per title, and some stationary. I cannot afford any kind of POS system, budget maxed out entirely and applied for the monthly payments on Square for one of their POS systems but was denied. I have carbon copy receipt paper and was going to write down last 4 of ISBN and price on there. At the end of the day I'll record daily sales in one spreadsheet and then search my inventory spreadsheet and update # of books available. Is there a better way of doing this? [link] [comments]  |
| When to cancel GL insurance after business sale? Posted: 22 Oct 2019 12:20 PM PDT I am about to close the sale of my business and I'm wondering when it is safe to cancel my general liability insurance. It's technically an asset sale; I am not transferring the LLC that owned the business, just selling the assets and operation of the business. It's possible that a customer could still sue me, even a year later, for some odd reason, so maybe cancelling the insurance is a bad idea. But certainly I'm not going to keep it for years until all of the statutes run out. Any thoughts? [link] [comments]  |
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