NooB Monday! - (March 23, 2020) Entrepreneur |
- NooB Monday! - (March 23, 2020)
- PSA: There are now widespread immediate manufacturing needs for COVID health care workers. Let's help if we can.
- I run a pavement maintenance company (Sealcoating) that I grew from a truck and myself to a 2.8 million in Revenue in 4~ years
- Imposter Syndrome - Feeling Like You’re Faking It
- Teaching Kids/Teenagers to Launch Business Ventures while Playing Open Transport Tycoon
- Is it against Amazon's TOs promoting affiliate links on Reddit?
- [Digital] Where are you getting stuck?
- COVID-19 shows how desperately humans need other humans
- Whats your big “could of been wealthy by now” regret?
- How do I tame my monkey?
- Do you produce videos that customers pay for? (transactional)
- New subreddit about earning money online for Spanish-speaking people
- Rated - rate the things you love the most, with friends. (FEEDBACK PLEASE)
- I need help navigating the legislation around launching a soap product
- How can we help small restaurants?
- What do you outsource / wish you had outsourced earlier?
- Does tax law foster businesses to run lean?
- Big question
- Anyone can start on a shoe string (long read)
- Which tools do you recommend for tracking new feature suggestions from your community?
- Should You Apply for SBA Loan or Wait for Federal Grants?
- Food production sales for emergency aid?
- Has anyone used Design Pickle for graphic design work before?
- Things You Should Know About Your Haters
- Product Pricing
- Greetings, I've thought about starting a consulting business. Any advice on how to get started?
| NooB Monday! - (March 23, 2020) Posted: 23 Mar 2020 06:12 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. [link] [comments]  |
| Posted: 23 Mar 2020 10:30 AM PDT There are now growing shortages of a variety of health care necessities in the US and elsewhere. Many of us are shut down but those of us who manufacturer may be able to direct our work to help the effort to save lives.
Examples of contribution: Face shields: 3d printing community, Prusa, u/MasksForDocs Surgical masks, isolation gowns, sanitizer, everything: some bigger companies (Harbor Freight, Tesla, The CDC is providing information on conserving PPE here: https://www.cdc.gov/coronavirus/2019-ncov/hcp/ppe-strategy/index.html If you have contributed please comment below. We should recognize the businesses that help! [link] [comments]  |
| Posted: 23 Mar 2020 04:34 AM PDT Things are slowing down a bit cause of the virus and I'm getting bored so I thought why not tell you guys about my business and any questions. What do I do? I sealcoat pavement, you sealcoat pavement to make it last longer, seal coating your pavement can save you tens of thousands of dollars in wear and tear, plus I think it makes your pavement look pretty and neat and presents a more professional look. My story I was a stupid kid, got involved in drugs. I ended up shooting someone over a stupid drug debt when I was 18 and spent 15 years in prison for it. The guy lived thankfully! Ironically about 2 years ago I sealcoated his driveway. I got out of prison when I was 33. I had no high school education or professional skills. I did however a really amazing family (I actually come from a good family and thank god for that) who helped me. I got a job at a car dealership as they were the only people willing to hire a convicted felon. I worked that job for 2 years before starting my first construction business in 2006! In 2008 I went bankrupt in the economic crash. In 2009 I became a sales rep for a B2B services company and over the next 6 years I rose through the ranks to Regional Manager. Still hadn't even finished high school. In 2015 my 4 year old son passed away, it broke me as a man. I quit my job and lived off my savings for about a year. During that time my wonderful wife got pregnant and I was going be raising another child and I wanted to have something to hand down one day so I did some googling and discovered sealcoating business. In 2016 I opend up shop with a business partner who was experienced in the industry, he spent 6~ weeks or so teaching me EVERYTHING there is to know about my business. He then promptly proceeded to stab me in the back and run off with my investment, truck, and equipment. I went to my dad and talked about just giving up. My dad promptly told me he didn't raise no quitter, and he was going give me his truck and $10,000 and I was going get my ass back to work and create my company. I bought a bunch of used equipment and started knocking on doors. My first year I worked 6 days a week from 7 till 6. I'd get up in the morning, get my truck and stuff ready and I'd drive around looking for driveways and knock on folks doors and try and get them to hire me. Having a sales background was everything. As I gained a bit of money and paid my dad back I started advertising, and really creating a company. 6 months into the business I had so much work I officially formed my company, and made my first hire. This meant alot to me as I officially named my business after my son, its my way of bringing him back into my life. I now have a receptionist/social media/jack of trades lady that works out of my house, a full time sales rep and crews doing jobs all across my state. But I still find time to knock on doors, and work right next to my guys. I have converted to being focused more on commercial then residential (bigger sq footage, more money) but money talks and I'll do both. [link] [comments]  |
| Imposter Syndrome - Feeling Like You’re Faking It Posted: 23 Mar 2020 02:06 PM PDT I had a lot of this when I first started having my own businesses and still get hit with it from time to time. How can I -just some guy from the sticks- run a business, get these jobs, and make it successful. Are they going to figure out that I'm just "some dude" and cut me loose in favor of a "real" company? Apparently it's very common and apparently it has a name. It's Imposter Syndrome, and apparently 70% of people experience it. I don't think I've ever really been job hunting. In undergrad, I got a job with a small mom & pop operation. I either there all through school and, after I moved away and kept them, and some of the subcontract gigs I had there, as clients. I've been operating behind my own single for about a decade now. I've got loads of education, experience under my belt. I haven't really ever done much advertising and most of my clients are from word of mouth from satisfied existing clients. Yet occasionally I still feel like just some dude who will be "found out." I just got back from another call at a small business, referred from another small business client who has sent a number of others to me already. I got them all taken care of, did what they needed, and they're making noise about at least two new projects they want me to do. I know that I'm relatively good at what I do, and that kind of stuff gives validation of that, but there's still that occasional lingering doubt. Who else has those kind of ideas creep in? What do you do, other than keep striving to give it your all? Below is an article about the phenomenon. [link] [comments]  |
| Teaching Kids/Teenagers to Launch Business Ventures while Playing Open Transport Tycoon Posted: 23 Mar 2020 01:22 PM PDT I wrote an article to share some thoughts about how playing Transport Tycoon (published in 1994) shaped my entrepreneurial skills. Back then, when I started, I was 13 years old, but my kids started playing it at age 8, now in 2019-20. Now that most of us are staying home with them, I just wanted to share the suggestion as it is a good option to bring to the table. For sure not as addictive as Fortnite, but definitely a good business simulation school. Although in the article I go into more detail, these are some skills/topics my kids got easily introduced to while enjoying a nice (dad pushed) vintage computer game:
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| Is it against Amazon's TOs promoting affiliate links on Reddit? Posted: 23 Mar 2020 08:59 AM PDT Last day, I started responding to some comments on reddit with amazon affiliate links. I have just checked the reports, I got 25 orders so far from my affiliate links. But, a friend of mine told me that they will soon ban the account and freeze the payout, which is absolutely weired. What do you guys think? [link] [comments]  |
| [Digital] Where are you getting stuck? Posted: 23 Mar 2020 03:11 PM PDT Today's been an interesting day.. I've been working at home for about 5 years now and today's one of the first time in quite a long while where I just can't seem to concentrate.. on anything.. So I decided to toss this out here -- hoping to chat with some strangers r/entrepreneur has just over 691k members in here.. I can only assume about 1% - 10% are super successful, lurking, chiming in from time to time. This post isn't directed at you. My question is more towards the other 90% - 99% in here who are trying to become successful Those who have not yet figured out the exact puzzle for generating (perpetual) revenue.. A self-sustaining [digital] business if you will. Here's a list of questions for ya:
I'll go first:
My main objective here is to connect and perhaps dispense the little knowledge I've gained. [link] [comments]  |
| COVID-19 shows how desperately humans need other humans Posted: 23 Mar 2020 11:12 AM PDT Two weeks ago we submitted our application to YCombinator. Again. Now I am almost sure that this batch will accept BioTech/MedTech startups to fight the virus, startups for remote operations (contactless payments, remote teams, etc) and everything else that minimizes direct human interaction. [link] [comments]  |
| Whats your big “could of been wealthy by now” regret? Posted: 22 Mar 2020 02:55 PM PDT I hear a lot of my parents friends talking about different what ifs and endeavors that they didn't fully follow through on that would have made them wealthy today. I personally had a story of my own that today I look at as a wake up call to see through my business ideas rather than get discouraged early on. Without getting into the whole thought process behind it, I decided surgical masks would be the next big piece of apparel. My idea was to get licensed by the ncaa and 4 major sports leagues and get fans all over rocking these masks. I bought masks and right off the bat ran into trouble just making samples because logically the printing didn't work with the shape . Reaching out to licensing divisions and getting through to people was super difficult. During this time I started a new job and moved on from the idea. Looking back now I see how successful it could have been especially with what is going on today. I decided the next idea I have I will put a maximum effort into and not half ass. What is your story? What have you learned from your experience? Edit: could have (sorry I don't know why I did that) [link] [comments]  |
| Posted: 23 Mar 2020 09:10 AM PDT Monkey mind that is. So here is my basic but biggest problem. I've got lots of interests, read too much of Reddit, keep thinking about new business ideas every few weeks but never get it past ideas on a pad. In summary, my mind keep jumping to new ideas very quickly without any real resolve. Being able to focus my mind on one thing for an extended period of time has always been a struggle of mine. How do you cope with it? [link] [comments]  |
| Do you produce videos that customers pay for? (transactional) Posted: 23 Mar 2020 03:20 PM PDT I currently work as a sort of physiotherapist, and as advertisements i make videos that shows actual treatments. I want to go into instructional videos, like selling a video that shows how to relieve yourself of a head ache or a back pain. I thought of selling them at a "per video" base, i think it's called transactional cost, as opposed to subscription based, using Vimeo terms. 1) Vimeo might be used as a platform for selling the videos, but what have YOU used to sell your videos? And why? (don't mention adsense or Youtube, Im not interested in that) 2) I'm afraid that my competitors will watch the videos and steal my "tricks", thus by giving away my "tools of the trade" i empower my competitors. (who are plentiful, large and rich) [link] [comments]  |
| New subreddit about earning money online for Spanish-speaking people Posted: 23 Mar 2020 03:12 PM PDT If you don't speak Spanish please past to the next port, sorry Hola, os presento un subreddit llamado r/beermoneyspanish en el que podrás compartir tus sitios para ganar dinero online favoritos Hace unos dÃas empecé este proyecto porque me di cuenta de que no habÃa ninguna cuenta hispanohablante que tratase el tema de ganar dinero online y creo que mucha gente lo puede necesitar En este subreddit podrás tambien pedir o dar consejo para sacarte un dinero extra al mes [link] [comments]  |
| Rated - rate the things you love the most, with friends. (FEEDBACK PLEASE) Posted: 23 Mar 2020 02:51 PM PDT Hi All! Hope everyone is well. I am currently working on Rated and would appreciate any feedback you could provide at this early stage. Elevator Pitch - This social network of sorts, allows users to rate their top 3 in categories ranging from favourite movies, music artists, places to go on holiday, clothing brands and everything and anything in between.
Stage - single, non technical founder working on design and clickable prototype. Seeking market validation. [link] [comments]  |
| I need help navigating the legislation around launching a soap product Posted: 23 Mar 2020 02:48 PM PDT Hi guys, As per the title I am thinking about launching a soap product but am finding the legislation a little puzzling. I'd really appreciate some help with it please! Thanks in advance! [link] [comments]  |
| How can we help small restaurants? Posted: 23 Mar 2020 02:37 PM PDT I have an idea to potentially help small restaurants in my local area. These businesses are not listed on Uber eats. I've noticed they are offering & relying on take/away and home delivery in hopes to keep cash flow coming in. What if.... I offer to help market their restaurant via posters, flyers and drawing up an order form specifically for customers within 3km of the restaurant. I drop off the food in bulk to all the customers once a week, deliver the food with my electric Uber eats bicycle and bag. Obviously this sounds good in theory but I understand there would be many obstacles ecspecially with the panic from Corona virus. [link] [comments]  |
| What do you outsource / wish you had outsourced earlier? Posted: 23 Mar 2020 02:21 PM PDT In the early days, I was trying to be thrifty and said "A little bit of book keeping can't be that hard!". The truth is, it's not that hard. But it did mean keeping track of physical receipts, taking time off of building value for the company, and learning new software and skills. Recently I've switched to letting the professionals handle it, and I have so much more time / brain capacity for helping the company with things I'm great at. I'd love to hear your experiences and opinions on outsourcing different responsibilities of the business. What do you outsource? Why? What won't you outsource? Why not? [link] [comments]  |
| Does tax law foster businesses to run lean? Posted: 23 Mar 2020 02:08 PM PDT For context I'm not a business owner but someday I'd like to buy a job. There's been lots of discussion about how companies don't have money to weather the storm and it got me thinking... Afaik and generally speaking you have to pay tax on any profit, so if you can 'take' money out of the business and put it in savings you'd be taxed on it. But if you spent it on machinery or whatever you can deduct/amortize the expense. Is there any way to get around that? I know having open credit could work but that can be pulled back anytime and can't be used for everything (payroll?). Thoughts? [link] [comments]  |
| Posted: 23 Mar 2020 02:01 PM PDT So i filed for my company a week ago so i can be a business owner. I also work somewhere else. Due to currents events, the place i worked at laid off people. Me being one of them. What happens to the company i filed for if i file for unemployment? [link] [comments]  |
| Anyone can start on a shoe string (long read) Posted: 23 Mar 2020 09:57 AM PDT I've had roughly 2 businesses that by most metrics could be considered successful. Both were started with very little money. My first cost me under £50, the second £600. I thought I'd write about these to potentially provide others with some inspiration or to show that even when you're stuck at home - even if you have to move back with your parents aged 31 having left home at 17 like I did - you can create amazing things. My first successful business was while I was at university. I was ents rep at Edinburgh Uni in the early 2000s. I booked a lot of bands there and through meeting bands I set up a business that supplied live music to local venues. I bought the smallest possible mail box on South Bridge in an attempt to look legitimate (Suite 101 cost me £20 a month), and remarkably my business took off. I charged bars and pubs £150 for 3 hours of live music. I paid the artist £75 if they were a solo acoustic or £100 if it was a band, and I kept the rest. Once I'd got a venue signed up - which often took no more than randomly turning up, having a drink, and mentioning I could organise bands if they were interested - it took me roughly 5 minutes of calls to arrange a booking. At it's peek I was booking 20-50 gigs a week which was a lot of money for me at the time. As I felt like I was learning more doing this I left university after 3rd year with an ordinary degree instead of staying for 4th year and getting an honours degree (I remain the only person I know to have an ordinary degree (in Scotland honours degrees are 4 years)). My second business was importing tea. Since uni I had always drunk loose leaf tea and always imported small amounts for myself (eBay really opened up the world's markets). In the 2008 economic downturn I was the head of media and communications at one of the UK's biggest commercial architects in London. Nearly overnight I was made redundant and couldn't get another job. I stayed in London for a few years until I ran out of money and, aged 31, I moved back home with my parents. (You can just imagine how happy they were to have 31 year old Jamie turn up as they were retiring!) While living there I aggravated a school boy injury on my knee and had to have an operation. Knowing I was going to be in bed for a few months I borrowed £600 from my mum, bought 13KG of artisan tea from China and Taiwan and started a company called driftwood tea (driftwood was sold in 2016, there is a garbage driftwood tea in the US but, this is nothing to do with me). I had zero money for websites or advertising so I started by selling on eBay while learning to build my own website on something called Rapid Weaver. While driftwood was critically very well received - it got great reviews - good sales were roughly £1,000 a month with profit being roughly half of that. It certainly wasn't enough to leave my parents house and I ended up staying with my parents for nearly 3 years. (While I could have moved out sooner, I invested everything I made back into the companies to help grow them faster as I was certain eventually this would pay off.) At that time I was approached a lot by journalists asking if green tea helped with weight loss and, seeing a new trend develop (new detox tea trends surface a couple of times a decade), I decided to launch a company called skinny tea. The Skinny Tea Co launched in the summer of 2013 and within its first week it had sold more than driftwood did in its best month. Sales then doubled, month on month, for the first 6 months and then more slowly after that. The Skinny Tea Co went on to become a category defining brand. Unlike the majority of other 'detox teas' that launched we had: a really high quality pure tea product (camellia sinensis); it was NOT a laxative; we made very few claims or promises of efficacy; we never used before and after photos (and never stole pictures off Instagram); and we never paid celebrities for promotions (we launched before this became a huge thing but were regularly approached). Despite our products selling for 2-4x more than anyone else (our best selling box was £70), we built up a large and loyal following. I sold the Skinny Tea brand 4 years ago. The company who bought it completely failed to understand why the brand was popular and essentially turned it into an MLM style product. They took a premium brand and started to sell cheaper off shoots while offering huge discounts (not discounting was one reason people liked us). The company quickly failed. No matter what became of that brand, I remain proud of what I created. Those two businesses started roughly 10 years apart. I find myself another 10 years on and, after a couple of false starts, think I've got something new to work on. While I'm really lucky to be in a slightly more comfortable position these days, I intend to launch this new project in a similarly low budget way. Anyway, if you've read this far, wow, thanks. I hope it maybe gives you some inspiration as to what you can achieve if you're stuck at home. I also kind of wrote it to remind myself what is possible as, now I'm starting something new, I remember how difficult and overwhelming it feels trying to figure out everything that needs to be done. Jamie tl;dr not having a lot of money need not be a barrier to starting your own business if you've got a good idea and are prepared to work. [link] [comments]  |
| Which tools do you recommend for tracking new feature suggestions from your community? Posted: 23 Mar 2020 01:25 PM PDT I'm starting to get a few people suggesting new features they'd like to see for my product. I think it would be helpful for people to see other's suggestions and vote on the features they'd most like. Does anybody have any recommendations? [link] [comments]  |
| Should You Apply for SBA Loan or Wait for Federal Grants? Posted: 23 Mar 2020 04:03 AM PDT The COVID-19 SBA loans are available to apply for online right now. However, it sounds like Congress is trying to pass new loans with better terms – no interest and/or loan forgiveness. If you apply now, will that exclude you from these new types of loans? If we were to judge from previous experience we would say yes. Here is a quote from Gov. Phil Murphy:
However, there's no sense in waiting for applying for loans as you would have to agree and sign off on everything. It takes an average of 43.5 days to get the process done. If you can't afford to wait jump on these things as soon as you can. If business is wiped out for the year you're not going to want to wait another month and a half just to get that extra low interest loan. Submit your SBA disaster loan application as soon as possible. Then ask your SBA representative about increasing your loan for mitigation purposes. There is no cost to apply, and you are under no obligation to accept a loan if approved. Here is how the application process went down for one owner in NC: So I applied the first day it become available to NC and my experience with it is: It took me about an hour and a half to complete There was no mention of loan product, interest rates, terms, or even what I was asking for
Will other forms be released by other orgs and state governments? Probably, but none of them are guaranteed to be expedited or even qualify you. _____ [link] [comments]  |
| Food production sales for emergency aid? Posted: 23 Mar 2020 12:36 PM PDT Hi all, my company produces bread products that can be frozen or delivered fresh. We do B2B business, but we're getting a lot of requests from people who are calling looking for donations because they've fallen on hard times, or their local grocery store is sold out. We don't have the capacity to do individual sales or deliveries. We're in Florida, and we're trying to find out if there are local or federal programs for emergency distribution of food to those in need. I'm not in sales and I haven't worked with government contracts before. I'd just like to find out if there's a way that we can help people by contracting with the government. I'm not getting any commission on these and our company is doing fine, but we have a bunch of extra capacity thats not being used right now and I wanted to see if we can get something going that will help the most amount of people. [link] [comments]  |
| Has anyone used Design Pickle for graphic design work before? Posted: 23 Mar 2020 12:35 PM PDT I recently stumbled across Design Pickle, https://designpickle.com/, and thought the pricing was too good to be true. If anyone has used them before, please comment below. I'd love to get some feedback b4 I buy! Thanks in advance! [link] [comments]  |
| Things You Should Know About Your Haters Posted: 23 Mar 2020 12:21 PM PDT I'm not even a big blogger and I already have a few haters the minute I publish my blog and tell others about it I get someone who is trying to put me down I honestly don't know how it works its as if someone is sitting there with a swipe file full of hateful comments that are ready to deploy The crazy thing is that my small amount of supports take a little longer to see my content so lets put this into perspective you have someone who doesn't like you, they watch your stuff every day, they interact with your content consistently, just remember they HATE your YOU However doesn't that make them a fan? Since they are spending a tonne of time hating Remember this Click here to learn the full solution https://adventago.com/things-you-should-know-about-your-haters/ [link] [comments]  |
| Posted: 23 Mar 2020 11:31 AM PDT I'll be launching my sustainably lifestyle product brand very soon Can someone help me in calculating the luxury value of my product [link] [comments]  |
| Greetings, I've thought about starting a consulting business. Any advice on how to get started? Posted: 23 Mar 2020 10:50 AM PDT What tools did you use? How did you set up your work infrastructure? EDIT: Consulting wise I'm thinking I would come in and clean up codebases that have seen better days, UI Redesigns and offering Front End Engineering Advice in General. [link] [comments]  |
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