• Breaking News

    Saturday, November 2, 2019

    Chat moderation changes Entrepreneur

    Chat moderation changes Entrepreneur


    Chat moderation changes

    Posted: 02 Nov 2019 09:10 AM PDT

    Hi All.

    You may or may not know about it but /r/Entrepreneur has an affiliated Reddit chat room. Moderating chat can sometimes be a challenge and it is about time we stepped up our game there to make it a more valuable part of the sub. One of the ideas to help with this is to add a dedicated chat moderator. This mod will have operator control over the chat and help guide its development.

    As with any change in the sub we welcome subscriber input. This post is where to do it. If you don't care about chat that is fine - this won't effect you. If you do care about it tell us now.

    submitted by /u/BigSlowTarget
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    Lost my house and business in the Kincade fire, just looking for motivational words from you guys.

    Posted: 02 Nov 2019 10:26 AM PDT

    Hi friends. Been on this sub for a long time, through many different usernames. I have learned a lot, taught a lot, discussed a wide variety of topics, and even met some really great people here. I'm sorry to say my house, entire property, and much of the surrounding valley where I was born and raised is now gone. The Kincade Fire in northern California was absolutely devastating. We had 5 Airbnb rentals on the property and that was our main source of income. It's all gone now.

    I'm having trouble finding motivation right now and I was wondering if you all had some strong, positive words for me to use.

    Everyone has been super generous with donations on a GoFundMe page my sister set up, sending me supportive messages and words of encouragement, and other amazingly kind offers.

    I have learned a lot this past week, since being evacuated that first night (last Wednesday, the 23rd) when the fire struck. I have been humbled and so grateful for everyone around me during this surreal time. I hope that you all have an emergency plan for the next big disaster because it becomes a LOT more real when it happens to you.

    Take care, everyone, and thank you for reading about my story.

    submitted by /u/helloyesnoyesnoyesno
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    Has Anyone Found Success in Working with an Influencer of Celebrity to Promote Your Product?

    Posted: 02 Nov 2019 08:43 AM PDT

    While interviewing Sarah Shaw of Entreprenette for our most recent episode of the Invention Stories Podcast, I learned that she shares a free Celebrity Access Blueprint on her website.

    That got me to thinking that maybe some products being endorsed may make the difference between monetary success and failure.

    So...Do Celebrities or Influencers Work Well Enough?

    submitted by /u/InventionStories
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    3 MAJOR KEYS FOR ANY BUSINESS OWNER

    Posted: 01 Nov 2019 05:53 PM PDT

    Figured this would be a good place to post this!

    Part of my entrepreneurial journey has always been with an eye for documenting, because I remember what it was like on the other side.

    Quick notes about my business (for red-cred, lol):

    • Business: House Painting
    • Employees: 9
    • Yearly Revenue: $920,000
    • Age: 26

    My goal for this post is to give you a few lessons that I've learned which have helped me grow tremendously in my business in just 3 short years.

    Lesson 1: Fear, or regret? Or…Fear of regret.

    In my short working life prior to owning a business, I recognized one thing. I was trading time for money. Someone was paying me money for my time. It took me a few years to realize this, but when I did realize it, it clicked. And nothing was the same since.

    What really shook me was when I took on a corporate bank job. As a young, motivated, aspiring business owner… My ambition was through the roof. However, I couldn't comprehend just how some people working along side me had been there for 20, 30, and even 40 years. Working for the SAME company.

    It honestly scared me to no end. Waking up…day after day…clocking in, doing the same…mundane tasks. Over and over… with no resolve.

    It was then I realized that I had a few choices:

    • Choice 1: Face my fear of taking the leap into entrepreneurship and creating my own destiny
    • Choice 2: Regret my decision to never take the leap, and potentially end up where the people around me currently are (miserable)
    • Choice 3: Be paralyzed by the Fear of Regret, which means, in other words, fearing either option… (having tried, and failed…or having not tried, and not succeeded)

    You see, with any BIG decision, we have those 3 choices. That's it, just those 3. It's up to you to decide which one you're going to pick. The difference is, Choice 1 is an active choice, the other two are passive choices…which means the person usually wakes up one day and realizes that they unconsciously chose one of the two.

    Now that I own a business, I continue to grow better and better at choosing Choice Number 1. The most incredible part is being able to reference past choices that required me to face my fear, giving me more confidence to face new endeavors that require me to be bold and act.

    Lesson 1 advice: Always choose Choice #1

    Lesson 2: NO! learn to say NO

    When I first started my business… my excitement to serve people was tremendous.

    MY business, MY product… I couldn't wait to get it out to the marketplace!

    I wanted to please everyone. AND I wanted to make the money.

    Well, I learned real quick that my methodology would soon land me in big trouble.

    You see, I took on way more than I could (or should've).

    As a painting company, one of our clients asked us to take on a small bathroom tile job…

    Long story short, we totally dropped the ball, the tile job took longer than the painting job, I winded up having to write a check for damages and repair work needed to finish the project, and totally irritated a client that would've been happy had we just admitted we weren't well equipped to take on the job.

    In other words, I wasn't focused on my goal…instead, I saw $.

    Now… I say NO all the time. We're good at what we're good it. There's plenty to go around, our focus is to find our customers, who need our specific product. This has helped us create scalability and predictability.

    Lesson 2 advice: Zero-in. When starting a business, focus on exactly what you're good at…get really good at it…and be the best at it.

    Lesson 3: The Secret to a successful Business is about how you make people feel

    These are the two C's I believe an effective business owner / leader should focus on:

    • Care
    • Communication

    As a business owner, we have two sets of relationships we must continually develop:

    • Our employees
    • Our customers

    How we use the 2 C's to develop these relationships will dramatically hinder or help our business.

    For employees:

    Do you really care what's going on in their lives? Do you truly care whether or not they make enough money to pay their bills, support their family? Do you truly care if the workload you are placing on them is too much? Do you truly care if they are unhappy with something?

    When dealing with employees, ask yourself these questions. If the answer is "no" you should re-assess and truly begin to start caring. It's amazing the effect it will have on the people around you, and the type of relationships you will build with the people who are ultimately building your business.

    For customers:

    Do you really care about their schedule? Do you really care about their time? Have you done your due diligence In making sure their needs and wants have been noted and will be delivered?

    Obviously any good business owner will place emphasis on this, but in the overwhelm of running a business, some of the little details may be overlooked.

    Running late? Did you call them ahead of time to let them know? Or did you just show up?

    Running behind on a deadline? Did you compensate them, or offer a small kickback for the inconvenience? Or did you say…"tough stuff, we're working on it"

    All of this matters! Start caring about the little things.

    Communication with employees:

    Communication is more than just job specs… Care and communication go hand in hand. Next time you're at a job site, or interacting with your team…break off of boss mode and pull your team member aside. Ask what's going on in their life, ask if there's anything you can help with… ask if there's anything you can do to be a better boss. You'll be surprised what you can uncover from your employees that will only help team morale and your business grow.

    Communication with customers:

    The funny thing about businesses is, either they are really good at communicating and go all in on effective communication…or they completely ignore it altogether.

    The reality is, communication builds trust. Think about your favorite online retailer, Amazon. The communication is there. Follow up notifications, shipping notifications, review notifications…etc.

    What Amazon does on a continuous basis is build trust with us.

    As a small business owner, you have the ability to do the same exact thing. (With the personal touch of the communication coming directly from you)

    Effectively Communicate with your clients each step of the way… from the initial phone call to the final goodbye.

    Understand that in the same way we as consumers appreciate effective communication, your customers do as well. Although it may cost you a little time, the intangible result is priceless.

    I appreciate you reading this! I hope you've enjoyed some of my tips. I share a lot of tips on my instagram @tradethrive! Would be grateful for a follow!

    submitted by /u/Byobcoach
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    Friend's asking for a loan for his BBQ Resturant. Red flags?

    Posted: 02 Nov 2019 11:27 AM PDT

    I have a friend who opened a BBQ stall. They have been open for 9 months now and have been doing very well. Basically they set up shop in front of a bar and sell/cook bbq till they sell out. The numbers have been impressive. They usually sell out in 4-5 hours. So now they want to open they're first location. They are looking for a loan. My partner has been the one negotiating the terms with them. The terms they came up with are: $100k loan for a year for 24%. Basically 124k will be paid out in a year. The business owner agreed to that. My thing is, why? Cant, he get a loan cheaper from a bank? Unless he has bad credit. Im going to chat with my business partner, but wanted to post here first to get some others inputs. Does it seem sketchy for a business owner to agree to these terms?

    submitted by /u/gftb
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    What to do when a customer wants to short you.

    Posted: 02 Nov 2019 09:20 AM PDT

    I own a delivery company, and I'm just starting out. I sent one of my drivers to a regular company that we do loads for. Usually it's just an A to B thing. They load the truck, unload, and pay in cash. The other day they needed a little extra. A to B. B to A. And A to B. When my driver finished, he went to collect for the 3 truck loads, and the manager refused to pay for the second load, because the driver was going between the two anyways. The driver pushed back a little, but eventually gave in, because we really value the customer. I think the driver handled it well, because we can't afford to lose them as a customer. But I can't help but to feel used by the company.

    submitted by /u/TheCamaroGuy
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    The difference between building a business and building a job.

    Posted: 02 Nov 2019 12:45 PM PDT

    It's actually really simple.

    If you're building a business you'll pay people to do something you already know how to do or could learn to do yourself. You're buying time with money.

    If you're choosing to spend your time to save money then you're building a job.

    Learn to love buying back your time. I love spending money. It means I'm buying time to make more.

    submitted by /u/RyanMatonis
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    When (how) do I launch?

    Posted: 02 Nov 2019 11:34 AM PDT

    I built an AI assistant that joins your meetings / conference calls and takes notes for you. I'm continually improving the product and have a small alpha group of users and continue to build based on their feedback. I think I'm at the point that I need to get outside customers and their feedback. What do you all suggest as a strategy to launch?

    submitted by /u/shamoons
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    Any prominent entrepreneur that shares all on his/her blog?

    Posted: 02 Nov 2019 01:07 PM PDT

    Can you think of any? It'd be great if they shared revenue figures or something similar too. Also if they're honest. Like if it's just a blog that's just spun in a marketing way, I doubt it would be that interesting.

    submitted by /u/_zyzyx
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    Airbnb renting.

    Posted: 02 Nov 2019 11:19 AM PDT

    Hello, so I have been targeted in the Facebook from "how to get rich " gurus and one idea what they provided was renting other people apartments at airbnb. Are someome tried this ? For me this seems hard and not very profitable bussiness idea , but maybe I am wrong.

    submitted by /u/Thranduil88
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    Launch all at once or gradually?

    Posted: 02 Nov 2019 08:41 AM PDT

    I have a organisation for artists and I have 4 features that can be unveiled by 2019. My question is that if I should unveil all the features at once, then add new features? Or slowly unveil the 4 features one by one (I'm afraid lesser artists will join).

    Also another question, is it possible to contact the media? I have a small edge as I'm a student and this is the first artist organisation in my country.

    submitted by /u/limxinquan
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    Family business, how to go from being an employee to being more?

    Posted: 02 Nov 2019 10:48 AM PDT

    A little information about my situation. I'm 23 years old and work in my fathers cabinet/Millwork shop. It's pretty clear after watching another similar shop with similar capabilities in our industrial park go out of business this past week, while we are on about a 2 month backlog of work, that my fathers ability to be open for over 20 years is an impressive accomplishment. I've been working with him on and off for almost 7 years now and have been full time for almost 4 straight, taking on more and more responsibilities such as programming/operating CNC machinery, installing, fabrication, and have become at the least proficient at every level of our work, and have accepted this as my career path going forward.

    The issue i am having here is that when I've brought up things that really need to be improved in the past I'm "yes"ed to death. In general my father likes working IN the business instead of ON the business. That being said it leaves some huge holes on the business side of things, we mostly do commercial work so customer service/acquisition is relatively easy and we have a big enough pool of contractors to stay busy all of the time. But the major holes i see are poor tracking of money income/expenses/cost of production which leads to some absurdly low prices for work that sometimes leaves us buying the job instead of selling it. He also refuses to go buy any sort of contract agreement drafting to protect us on jobs and payment collection. The issues we have here are something you almost never see 10+ guy shops doing and i understand we're only 4 people but the hatred toward paperwork/office responsibilities seem to be holding us back to ever getting anywhere where both him and I ever have anything more than a job we own. Our relationship has gotten much better over the course of the past year as I've moved out and now we're not with each other the majority of our day and night and I'd like for that growth to continue, that being said i need to know how i can start pushing through to building the business with fair compensation for the extra hours (i already work about 60 a week, and hold down a job in a local bar for a night or two a week for the quick cash to supplement my savings). I'm somewhat underpaid for my skill set and I know it's not because he doesn't want to pay me my fair wage but because he really can't afford to. I've been offered jobs from other shops, which is pretty disrespectful in my opinion, for 30-40% pay increases, which is unfortunate because it makes me feel I'm selling myself short. I would like to really help our business from the office perspective while still maintaining my manufacturing/installing responsibilities. Where and how do i start the transition from being an employee that thinks like an owner because it effects me as such anyway, to being able to be rewarded by making correct decision and being able to share in the ownership? Thanks reddit

    submitted by /u/Swissschiess
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    Networking doesn't work here

    Posted: 02 Nov 2019 01:46 PM PDT

    Hi! My company develops mobile apps. Sometimes I see posts here like 'looking for an app developer'. I usually write to these Redditors, they answer and then disappear.

    Is it a common issue or just my problem? Do you find clients/partners here?

    submitted by /u/Paulinachka
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    Is there a way to remove data from Import sites like Import Genius and Panjiva?

    Posted: 02 Nov 2019 01:07 PM PDT

    Is there a way to remove import data from sites like Panjiva and Import Genius?

    Anyway to remove data from import websites such as Import Genius and Panjiva?

    I've applied for government exemption to be hidden in terms of import data (for 2 years) but I wish I had known this earlier. Is there anyway to remove my information from these import sites like Panjiva? Online personal directories usually have an "opt out" form to opt out your personal information, would it be possible to email them directly to remove import data? I'd even pay. It's pretty detrimental and I've plugged the problem but I'd like to see if I can still fix this data leaking online by these import info companies.

    submitted by /u/DeepFusion
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    Google SEO- My brand/website does not show up on google! HELP

    Posted: 02 Nov 2019 07:48 AM PDT

    I recently launched a DTC outwear brand. We are trying to take down canada goose and the higher end outerwear brands by offering better quality for half the price. One of many struggles early on is google. People i talk to google my brand and there are no results on google. I've done everything from seo on my backend, signed up for google analytics, search console, google shopping is being set up now and used a few AI tools to optimize SEO.

    Any suggestions?? Its very frustrating when potential customers can't find my business online.

    submitted by /u/jkirzo
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    eBay is killing me but I'm a broke, young, solopreneur - I'd love some advice

    Posted: 02 Nov 2019 06:01 AM PDT

    A little background first: My main skill is social media marketing and management, but I've been an entrepreneur since I was a teen so I'm quite resourceful and can do a lot of things. My most recent success came when I grew a Facebook page to over a million likes within a year with mid 4 figure monthly earnings. Long term my goal is to have a team growing and monetising Facebook audiences whilst also teaching others how to grow an audience, build a page, monetise your FB audience, etc.

    Right now I'm a broke solopreneur. I'm in my early 20s, living alone, and don't have the support of any acquaintances nor family. My family disowned me after some personal bigotries got too much for them (I'm a transgender woman, although it's not a big part of my life, some people like to make it a big deal) and I don't have many friends. I don't mind as I just sit on my laptop every day and try earn money. I'm very driven to get back that financial freedom that felt amazing and I dearly miss haha

    Something I relied on as a younger entrepreneur was flipping stuff, selling on eBay, Etsy, etc. so when I took a big financial hit I had to fall back on that. I managed to find a source of generic Chinese stock (the sort of stuff you see tonnes of on Amazon) where I can get products that sell for £12-40~ for around £0.20 to £3. It's perfect as there's no minimums so even someone broke living in their overdraft like me can take advantage!

    But there are some problems. eBay seems to be breeding ground for scammers. I knew this before I started and decided to send everything tracked. I thought that'd eliminate the vast majority of problems but it hasn't.

    Let me just expand on last month a little so you can get an idea. I sold £1250 worth of stock that cost me around £150. Shipping cost £75 (had some international orders, more on that later), eBay fees £160, and PayPal fees £70. I would be at around £800 profit which would allow me to save £400 (my goal). If I could save £400 for another 3-5 months I'd have enough money to invest into my new Facebook project, which I've done before, know works, and know exactly how to do it. That's perhaps the most frustrating thing about being a working class entrepreneur, it's great when the capitals there and money is coming in but when cash flow is tight it sucks.

    Sadly I had a £70 chargeback (international order too, that's why it was £70) and a £40 chargeback. I had tracking for both but PayPal sided with the seller. So I lost the shipping costs AND items AND sale cost, which is so frustrating when £110 is almost 10% of what I sold the whole month. Then I had some orders where the tracking failed thanks to the UK postal service (Royal Mail) and two of the recipients claimed the item hadn't arrived, which cost £35. Then I had returns of £90.

    After everything I had profited about £450 in October from eBay. Along with other assorted money making I managed to scrape by, but after paying my bills and buying food I wasn't even able to save more than £100. I feel so stuck as saving £50-70 a month I have to save for over a year to have the money I need to invest into my more lucrative projects. I feel very stressed as I have less than 50 feedback so I feel the need to please the customer no matter what (as 1 negative feedback takes me down to 98% positive, 2 takes me down to 96% where I could get barred from selling), but at the same time actually keeping the customer happy on eBay costs *SO* much money - especially when eBay ALWAYS side with the buyer in cases such as unauthorised purchase, even when you shipped to the name on the PayPal AND eBay account and tracking that says delivered.

    I feel like this ended up as more of a rant than anything but I would love to hear any advice or tips anyone had, any pointers or anything. I'm always eager to learn from people who know more than me!

    submitted by /u/wheredoestaxgo
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    When to release my mobile app MVP?

    Posted: 02 Nov 2019 05:55 AM PDT

    Hi,

    I'm making a mobile app and I'm struggling to decide what goes in the MVP and what doesn't. It's going to be a freemium app (free version + optional monthly subscription). The biggest struggle is that I think the MVP features for the subscribed user are not enough for anyone to pay a dime, but building at least one of the strongest features for the subscription will probably take me a while. The last thing I want is to spend 6 months on an app that I don't know if will be used by enough people.

    So I was considering releasing the MVP, with just free features, and see if I get users. If not, market it more and reevaluate. If still no users, ditch it. If there are enough users, then implement the subscription features (including one of the strongest ones that take long to implement) and offer it to existing users. I've been advised not to do this, as users apparently don't like to pay for an app if it was previously free. Although in reality it would be an optional addition they could purchase or ignore, on top of the free version, so I'm unsure. Does anyone how any advice on this?

    Next time, I'll use the MVP landing page strategy and try to measure the interest in different apps, but now I've been working on the app for 2 months and I'd like to finish it (it's an app I personally need! so I want to carry on).

    Again, my biggest concern is validating the app with real users in a short period of time through an MVP before I heavily invest in the most costly features. Any advice?

    submitted by /u/srodrigoDev
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    Starting a social enterprise: Should the NGO come before or after?

    Posted: 01 Nov 2019 11:11 PM PDT

    When creating a social start up (with a cause, gives back to communities etc), would you say it would be better to already establish an NGO beforehand or to do this after getting the business off the ground?

    submitted by /u/jess399
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    Total noob in search for guidance

    Posted: 02 Nov 2019 08:49 AM PDT

    hello, my name is Vlad and first and foremost, I want to apologize if and when I'll ask some stupid and obvious questions here. Recently, I have been hired to write copy for a business that runs online casinos. You know, things like e-mail, articles, blog entries and affiliate marketing content. Things is, I observed that our primary focus is on affiliate marketing, where the company has hundreds of affiliates making them tens of thousands each and every single day.

    That's when I decided to start my own couple of affiliate marketing websites, but for sports gambling, not a casino. Being a former professional athlete ( handball) and gambler all my life I figured I pretty much know how to write articles, previews and give predictions on sporting events. Now here's the catch; i pretty much figured that promoting gambling offers with Fb and Youtube ads is not going to work, or at least not in a regular way ( except cloaking, which I don't know how to do), so here are my questions:

    1. In your experience, would paying several Youtubers to advertise on their videos these types of offers ( gambling, casino) work?
    2. I know what cloaking essentially is, but does it work for more than 1-2 ads, before YT/Fb cancels your account?
    3. Did any of you get any results from cold e-mail campaigns in these verticals?
    4. What are your experiences with push notifications, native ads and pop-ups? What are the usual conversion rates?
    5. What would be a relatively acceptable conversion rate for these types of offers?
    6. Do you create separate landing pages on your website for each ad you make?

    thank you and again, I apologize if this wastes your time and/or bores you. I m just looking to learn.

    Thanks,

    submitted by /u/Vladlinberg5
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    Digital Marketing Side Hustle

    Posted: 02 Nov 2019 08:12 AM PDT

    Is doing digital marketing as a side business the new high tech adult version of selling lemonade ?

    submitted by /u/tshirtguy2000
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    Worried he will do my idea...how to avoid?

    Posted: 02 Nov 2019 07:38 AM PDT

    This business of me let's say Bob and I want to sublease in front of Bob's Store. Small tiny space but I would like to put a vending machine. I don't want Bob to ask me "what do you want to put there?", and I respond with vending machine and he just goes ahead and put some vending machine himself without my potential profit.

    How can I go about doing this without giving him the idea??

    I'm looking for two spaces in front of his shop.

    submitted by /u/surfbrobijan
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    Best method for keeping inventory/cash flow/costs

    Posted: 02 Nov 2019 07:05 AM PDT

    Is a simple spread sheet still the best method for financial/inventory storage? Or is there some new way I don't know about? Any tips are great!

    submitted by /u/Rannim
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    Tips to collect business data

    Posted: 02 Nov 2019 06:44 AM PDT

    I want to collect data of hotels so that I can target my services to them. Any tips how can I get leads/ potential customers?

    submitted by /u/datawebster
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    Finally coming together

    Posted: 02 Nov 2019 10:29 AM PDT

    Ever have those nights where everything finally makes sense? The ideas you've been toying with for the longest time finally fall into place and you have the big IDEA.

    I'm going to create a movement and I'd love to hear your feedback!

    businesswomentriumph2020

    So I have a vision for 2020. A vision where female entrepreneurs and business owners join together and position themselves to become successful in a whole new way in the next decade!

    I'm going to be gathering together the greatest thought leaders of our time, organizing a summit, and creating a viral movement to propel women to the forefront of the business world and empowering them to mold the future.

    I will be building an entire online educational resource for women to start and establish successful businesses.

    It will be big enough to catch the attention of women who have broken boundaries like Ellen, Oprah, Michelle Obama, and so many more.

    As women, we already have to be twice as strong as any man, but together - that's where our true power lies ☺️☺️

    submitted by /u/MaverickIrons87
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    I am designing and developing Websites and Online shops for your business!

    Posted: 02 Nov 2019 12:06 PM PDT

    Hi, I am a designing and developing Websites and Online shops ( Ecommerce stores) for your business. I am currently an IT student and this is my part-time job. If you're interested about getting your business a website or an online shop, then please PM me and we can talk more.

    submitted by /u/BoostedAnimalYT
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