If you pay a contractor exactly $600, do you have to issue a 1099? small business |
- If you pay a contractor exactly $600, do you have to issue a 1099?
- Help me start a jewelry cleaning business
- [New and Just Starting Out] Is there a way to setup a Business Email, for Free?
- Selling Coffee/Snacks in a small cafe area
- International VOIP?
- As a business owner, how would this tactic benefit you and hurt me?
- Buying a small business-your feedback on the deal please?
- Looking to open a Quiznos
- Google Voice & Obihai for Cafe Shop
- Outgoings between 3 tenants
- Fullsized truck VS van for small service business? Pros and Cons?
- I am a Canadian who sells things online. I have a potential business partner from the US who would handle all the US orders / shipping in the states. What do I need to know before doing this?
- Feedback: Invoice Insurance Platform for Small/Medium Businesses
- As a small business owner, how would this benefit you and hurt me?
- Should I write my own business plan?
- Restaurant Owners.. Recipes?
- Can you review my new site
- Need advice on adding structure to a small business
- Considering buying the small business I currently work for... resources to transition from employee/manager to owner?
- Do you require your employees to state why they are taking time off?
- My life has been one personal crisis after another lately and I don't know how to stay focused
- side hustle turned to actual profitable business?
- Interested in Starting Sneaker Reselling Business. Tips?
- What tools can I use to perform better website targeting with no experience?
| If you pay a contractor exactly $600, do you have to issue a 1099? Posted: 29 Jan 2020 06:55 PM PST My colleague is trying to argue it's only for "more than $600," but I keep seeing things online that say "$600 or more," which would include $600 exactly. Can someone confirm? [link] [comments]  |
| Help me start a jewelry cleaning business Posted: 30 Jan 2020 12:21 AM PST Guys, there was this post on r/entrepreneurs showing a business of gifting jewelry cleaners And this has inspired me to start one myself How do you think is the best way to get jewelry stores on board starting out? [link] [comments]  |
| [New and Just Starting Out] Is there a way to setup a Business Email, for Free? Posted: 29 Jan 2020 10:16 PM PST Hi, I know that this question is quite elementary but I have never received a formal education on how to do this and as I am starting out with a new venture, I'd like to cut down as many costs as possible, including this one if possible. If not, what are cheaper alternatives? Thank you, in advance. [link] [comments]  |
| Selling Coffee/Snacks in a small cafe area Posted: 30 Jan 2020 01:49 AM PST My boss has tasked me with brainstorming how to offer coffee/snacks for sale to patrons that visit our lobby. I'm not sure where to start. How best to offer coffee for sale. How to determine what is legal in terms of selling coffee/small pastries in a business lobby. Any suggestions on where to start my research and where I can find more resources? [link] [comments]  |
| Posted: 30 Jan 2020 03:55 AM PST Hello, I'm looking into phone plans. As we are a NJ based company but also have someone that will be working out from the Philippines to and from the US. Any recommended phone plans that would accommodate this? [link] [comments]  |
| As a business owner, how would this tactic benefit you and hurt me? Posted: 29 Jan 2020 11:30 PM PST I am taking a job in order to stay afloat as a restaurant and bar GM. He recently purchased the place and has experience and capital. It's pretty tough out there and it is a pretty big step down for me financially and professionally as it is, and I want to be sure I'm not going to get screwed. I asked for a salary amount and at the end he offered me 75% of what I asked for, plus the ability to earn tips to bridge the gap. And he made it seem like he was sweetening the pot by adding in that he would 1099 me so that my tips don't get taxed. The truth is, I wasn't in a place financially to negotiate the way my instincts told me to, I NEEDED to take it. What is his angle here? I'm new to Oregon, but apparently he has to pay out a lot in taxes on his employees' tips. So is he telling me that they won't get taxed so that he doesn't have to pay them but I do? What are his advantages against what mine are? (if any) Note: I am continuously looking for jobs more conducive to my background and this is a short term fix. But, he has a classic used car salesman energy to where even if I can't afford not to take the job, I'd still like to know if/how I'm being fucked. -Thanks in advance [link] [comments]  |
| Buying a small business-your feedback on the deal please? Posted: 29 Jan 2020 07:05 AM PST I posted this over on Real Estate and they said I was really just looking to buy a small business with real estate assets so maybe someone here can help me? Hi all! Im a new investor and I have a situation I need some guidance on. Here's the deal: Rural small vacation cabin rental for sale along with the business rights, business is well established and well reviewed. Owners are old and just can't keep the place going any more. Also they have no online presence. Opportunity to add more cabins, yurts, tiny homes, etc. for more revenue and have a bit of capital I could do this fairly quickly if desired. 5 acres, 4 rustic studio cabins, owners cabin and a office. Owner claims 45% occupancy but that seems high, studios rent for 80 a night which is one of the cheapest in the area. Property is overpriced. Likely worth around 180-200k (only my best guess) as just a residential purchase if the cabins were outbuildings but it's a well established business of around 15 years. 280k asking price. Willing to do half cash and half owner finance. Property is zoned weird, owners cabin is residential, studios are commercial. They said this was done for cheaper taxes. This maybe coupled with the business attached and high asking price and it being a niche situation are causing trouble for people getting financed I think, hence the owner financing. It's been on the market a while. I would live on site. Also have a corporate job but have other people to help run the park so the first few years I don't need to turn a profit if we feel this is a smart long term investment. It's in an area I'd like to retire and I think I would be good at running it. Thoughts? Thanks for your time! [link] [comments]  |
| Posted: 29 Jan 2020 02:16 PM PST So I have been in contact with Quiznos for about a year and I am considering pulling the trigger on opening one. I have a general location in mind that I think is just such a huge opportunity for any kind of fast food to be honest. I plan to be a passive owner but I would go and order a sub and talk to employees three times a week and get to know them etc. I am actively pursuing what kinds of lines of financing I can get right now... A little worried about this since I also have a real estate portfolio that is rented but leveraged. Any advice would help immensely! [link] [comments]  |
| Google Voice & Obihai for Cafe Shop Posted: 29 Jan 2020 06:05 PM PST Hello, I'm wondering if anyone has used Google Voice and Obihai combo for their small businesses? Since my store is a small cafe shop, would this be reliable enough for my business? I might got a few calls for online orders/delivery and also store hours but that should be it. Also, I know I can get Google Voice for free if I select 'personal use' but if I were to use it for business purposes, Google could find out and take away the #, correct? Google Voice for business is currently $10/mo through G Suite Business which is why I'm asking. Appreciate your response. Thanks. [link] [comments]  |
| Posted: 29 Jan 2020 07:09 PM PST Hi everyone, I am a small takeaway business owner on a small block. We are one of the three business owners on this block own by one landlord; however, our neighbours are not planning to/have resigned their lease. Can I negotiate some of the outgoings (urban utilities, rates, common power, etc/I think common power is the one bill that split between the 3 business owners) now that we are the only tenants on this block? P.s. I'm not sure of a lot of details because I don't handle this side of the business. Apologies in advance for any ignorance. [link] [comments]  |
| Fullsized truck VS van for small service business? Pros and Cons? Posted: 29 Jan 2020 02:06 PM PST Hello i have a window and pressure cleaning business. I need to get a new vehicle that will double as my personal vehicle. I was thinking a truck but then thought a fullsized truck and a utility van is going to have the same mpg — around 18? Also both can pull a trailer. A van has a ton more space than a truck. Less than my suv. So id be downsizing. I could use the van as a billboard almost too. Anyone else think of any other pros and cons? My budget is 6-8k. I think from a business perspective it makes more sense but personal it may be a little unusual. Unless i get the van. Use that for the next couple yrs. save up enough money and buy myself a cheap personal vehicle. Im not sure. My work/personal vehicle (a 2006 ford escape suv just died on me today) [link] [comments]  |
| Posted: 29 Jan 2020 03:08 PM PST I've never worked with a business partner internationally. Should I even be partnering or is there a better way? Basically he will be sourcing the product in the states and then handling the shipping for US orders. My business account would be paying for everything. Anyone have experience? [link] [comments]  |
| Feedback: Invoice Insurance Platform for Small/Medium Businesses Posted: 29 Jan 2020 05:46 PM PST I am exploring a business concept where I can help insure invoices for small businesses. The focus is ideally exporters that want a single invoice or customer transaction covered, but we are looking to talk to other SMEs. My cofounder ran an international business for over 8 years and found it difficult to extend credit to new customers, and to find financing to support his cash flow. Insurance improved his chances, and gave him peace of mind but he didn't want an annual/umbrella policy. I built antle.co to help him businesses like his and was looking for feedback from the community. Happy to also share my experiences with you to help you grow in your own adventure. [link] [comments]  |
| As a small business owner, how would this benefit you and hurt me? Posted: 29 Jan 2020 11:27 PM PST I am taking a job in order to stay afloat as a restaurant and bar GM. He recently purchased the place and has experience and capital. It's pretty tough out there and it is a pretty big step down for me financially and professionally as it is, and I want to be sure I'm not going to get screwed. I asked for a salary amount and at the end he offered me 75% of what I asked for, plus the ability to earn tips to bridge the gap. And he made it seem like he was sweetening the pot by adding in that he would 1099 me so that my tips don't get taxed. The truth is, I wasn't in a place financially to negotiate the way my instincts told me to, I NEEDED to take it. What is his angle here? I'm new to Oregon, but apparently he has to pay out a lot in taxes on his employees' tips. So is he telling me that they won't get taxed so that he doesn't have to pay them but I do? What are his advantages against what mine are? (if any) Note: I am continuously looking for jobs more conducive to my background and this is a short term fix. But, he has a classic used car salesman energy to where even if I can't afford not to take the job, I'd still like to know if/how I'm being fucked. -Thanks in advance [link] [comments]  |
| Should I write my own business plan? Posted: 29 Jan 2020 11:22 PM PST |
| Posted: 29 Jan 2020 10:26 PM PST Hi all, Just curious as to how restaurant owners keep up with their recipes while using the employee. When you make, do you share all your recipes to employee and let them prep and make? What if they use "your secret recipe" else where? If the amount of prep gets larger, how do you prep the food? [link] [comments]  |
| Posted: 29 Jan 2020 08:11 PM PST Hello, Can you people review my site: https://handwrittenmail.com [link] [comments]  |
| Need advice on adding structure to a small business Posted: 29 Jan 2020 09:17 AM PST Really could use some advice. I work at a small creative services business of less than 10 people in a senior role. My background is not in business but design. This business has been run for 35 years with the same founder and has remained about the same size in that time. The founder led without much documentation and got business through referrals before there was so much competition. He does not write anything down or have any sort of business background or a knowledge base. I've established we need an internal wiki but that's once we figure out basic structures and workflows. The employees have all stayed in their stations for 5+ years and know how to do what they're told to but hiring new people is frustrating since there's no time to train. No one has any formal job descriptions and fulfill multiple (read: too many) roles. I've worked here 7 years and have gotten to the position that I could theoretically take the business over with the accounts. The company is not profitable and salaries stagnant since the founder nearly died two years ago. His recovery has been slow but he can no longer lead. This has caused problems with workflows, accountability, morale, etc. My question: How would one quickly begin to redesign and structure this company, its human and physical resources? I am willing to lead it as I believe we have talented people who provide value. Delivery is not an issue generally but I think the identity of the company is muddled because we have no agreed on mission statement, organizational structure, roles, reward/penalty systems to fall back on. Everything is very vague and results in disengagement. I've been trying to educate myself but I don't know what I don't know. I'm almost paralyzed by how daunting this is. At the same time, I see this is a great opportunity but I have not been trained for it. Any book or article recommendations would be helpful. [link] [comments]  |
| Posted: 29 Jan 2020 03:36 PM PST Hello! I'm considering buying the company I currently work for with another employee. We've both worked here for 8 years and the company has been in business for 30 years. It's a service based consulting firm in a field with strong growth projected for the next 20-30 years. We feel confident that buying the business is the right step, but neither of us come from a business background. Those who have blazed this path before- do you have any resources that you can recommend to prepare for this transition? I would welcome anything related to small business/operations/finance/legal/HR. Books, podcasts, classes, websites... Anything! Thanks! [link] [comments]  |
| Do you require your employees to state why they are taking time off? Posted: 29 Jan 2020 10:26 PM PST I'm thinking about doing this. Nothing specific, just a general reason of why they need time off. Right now it's a free for all; they are basically creating their own schedules on a whim. Any suggestions? Thanks. [link] [comments]  |
| My life has been one personal crisis after another lately and I don't know how to stay focused Posted: 29 Jan 2020 01:41 PM PST In the past six months, my wife and I had our first child who was diagnosed with an incredibly rare congenital heart defect which adversely impacts his quality of life and will require open heart surgery sooner, rather than later. We've also had to put one of our dogs of over 7 years down this month and just found out last night that our other dog of 8+ years has advanced lung cancer and will likely be put down today. We've also just recently learned that my wife's cancer markers (she was diagnosed with a type of endocrine cancer years ago) are high and will proceed with further testing to locate potential tumors. I've been behind on client work for almost a year, albeit I expected to be caught up by the end of Feb. To top things off, I'm also in one of the financially slowest month I've experienced with my business since starting two years ago while medical expenses continue to soar for us. With all of this adversity, it's hard to stay focused and keep things moving forward with my business... which is critical because I can't afford to pay for all of our expenses with any day job that I quality for since I make somewhere in the neighborhood of 3x that with the business. I feel like life is constantly beating the shit out of me and my family, we never seem to catch a break and I fear that the external stress could be enough to push me to failure in the business from sheer stress overload. I have no idea how to cope with all of this and really just wing it day to day. I'd be interested to learn how other's have dealt with traumatic personal issues while staying on top of work obligations and moving forward with their businesses. [link] [comments]  |
| side hustle turned to actual profitable business? Posted: 29 Jan 2020 10:34 AM PST My wife and I currently board dogs in our home through a third party app. We have built up quite the clientele with several repeat clients. We have most of our dogs on weekends, through out the summer, and the holidays are slammed. We both currently work other full time jobs, (myself in another area of the pet care industry) but have been talking about turning what we do on the side into an actual small business. We just don't know where to start. Our small town doesn't have a boarding or daycare facility, so we believe this may be a great opportunity. We understand dog daycare isn't a necessity, but rather a want. And we would be appealing to those with some expendable income. Recently, a warehouse with office space for lease became available, and I have the number to call and inquire. Hopefully it's a suitable place for us. Now I have a few additional questions. Is it best to go with an LLC? Anyone else I know in pet care, (I have professional trainer and groomer friends with small businesses) all have LLCs. My wife and I do not have much money saved to start this up, (maybe around $3500) so we would have to apply for an additional small business loan. Are those easy to obtain? Although we have quite a bit of the essentials from doing this at home. Bowls, leashes, kennels, crates, bedding, etc. We have a business plan written out. Is it best to go through investors or a bank? We just don't know where to start, but would like to hit the ground running before summer. Thank you so much for the help. [link] [comments]  |
| Interested in Starting Sneaker Reselling Business. Tips? Posted: 29 Jan 2020 09:55 AM PST I'm interested in starting a Sneaker Reselling Business in Sri Lanka, and I wanted to know what the best tips and tricks are to incorporate into my business plan, to have the right foundation built for this start-up. Any tips from the Buying, to the Pricing, to the Selling, is helpful and much appreciated. [link] [comments]  |
| What tools can I use to perform better website targeting with no experience? Posted: 29 Jan 2020 03:51 PM PST I'm looking to start an online store shipping baked/chilled goods and the like. I'm doing this very small scale to start. I'm renting space in a commercial kitchen and going to use one of the website creators (squarespace, wix, etc). But my concern becomes not knowing how to get people to the website its self as far as google search goes. I don't even know the buzzwords to look up how to coordinate this. I think I should be able to rely on Instagram/Facebook ads for a time but I want to get my foot into the other aspects while growing. If anyone has helpful tips, any good youtube tutorials, or even just letting me know what keywords to look up that'd be wonderful! Thank you! [link] [comments]  |
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