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    Sunday, April 5, 2020

    Just hit my 5th anniversary! Entrepreneur

    Just hit my 5th anniversary! Entrepreneur


    Just hit my 5th anniversary!

    Posted: 05 Apr 2020 08:16 AM PDT

    5 years ago I had a silly idea to help people eat better. I wouldn't tell them exactly what to eat like most diets. I wouldn't meet them like most practices. I would create solutions for their actual issues and a lot of that was saying "hey you're doing something wrong and it's not carbs, age, or hormones" lol. It wasn't always easy but in 5 years we've grown to more than 35,000 members in 50 countries and a team of 70 people. We're over 8 figures in revenue (with healthy profits pre covid) and still have so much potential.

    I'm currently working on a book (eating related) and our app is up and running (although not released to all our members yet).

    Happy to answer any questions if I can help anyone else!

    submitted by /u/AccidentalCEO82
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    An Island Nation of Redditors

    Posted: 05 Apr 2020 11:08 AM PDT

    Hello all,

    If you are interested in joining a (hopefully) newly formed island nation then this is the place to be.

    the subbreddit is reddit.com/r/theredditnation

    I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request.

    Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan.

    Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)

    1. Acquire the island
    2. Set up the initial infrastructure

      1. Form of Government that I propose is a constitutional monarchy (for now I will be the "king")
        1. Country will be run as a democracy (two chamber form of parliament)
        2. Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
      2. Establishment of the Government Building
        1. For now this is where the government will convene until more infrastructure is added and the island is improved.
        2. People will be made citizens at this location
      3. Establishment of Civil Services
        1. Waste collection, Police, Social Services
      4. Establishment of a Port
        1. This will allow supplies to enter the island.
        2. This will allow for the island to participate with the rest of the world economically(I will expand on this later).
        3. The port will function as the entrance point and exit until the runway can be constructed.
      5. Establishment of Resident Housing
        1. This temporary housing will be until the island can be developed and more permanent buildings can be put up.
        2. Resident Housing and the Government building will be set up near the port until island development is completed
      6. Set up a massive solar powered crypto mining operation to help finance further development of the island
        1. A partnership with big mining companies can be brokered to have this set up
    3. Make the Island a desirable location

      1. Set up the island as a luxury city
        1. Free housing for citizens
        2. Free healthcare for citizens
        3. Free schooling and university for citizens
      2. Build resorts and legalize gambling on the island
        1. The revenue generated from such activities will help finance further development of the island
        2. With the revenue generated from this, the island will be able to provide for the residents a luxury city
        3. The gambling industry investments will help to finance the island as well
      3. Make the island a banking haven
        1. Set up a bank on the island
        2. No KYC laws will be enforced on the island
        3. This will attract forgien investment into the island
      4. Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
      5. No income tax,sales tax, capital gains tax or corporate on the island
        1. Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
        2. This will help attract a lot more forgien investment as well
        3. Will attract companies to set up offices here and thus bring jobs to the island.
    4. Expand on the island infrastructure

      1. Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
      2. Build more free luxury housing for residents
      3. Establish schools and universities
      4. Establish libraries
      5. Establish Museums
      6. Establish a healthcare system
    5. Enjoy the luxury haven of an Island that we have built

    Now for the question of how much this island will cost and how we will get the funding

    According to my calculations (you can look at them below) it will cost us $2,600,000

    • The Island itself

      • 500,000
    • The Port

      • 200,000 to build
        • This will benefit us later when we receive forgien investments
      • 500,000 for 250 passenger ferry
        • We will budget around 100,000 for operating costs
    • Initial Buildings

      • 1,000,000
        • These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
        • Buildings include
    • Civil Services

      • Around 50,000 to purchase initial equipment and medical supplies
      • Another 100,000 to purchase ATVs
      • Another 100,000 to purchase off roading vehicles
    • Bitcoin mining operation

      • We will get the money for the operation by partnering with a large company
    • Water Purification

      • 50,000
    • Food Supply

      • We will purchase MRE's and other preserved food products for the island
      • An exact count of this cannot be made until we move further into the plan
    • Further development of the island

      • This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes

    Now in regards to how we will raise that sum

    • We will sell off noble titles (this is why we will set up a constitutional monarchy)

      • While no price has been established yet, the titles for sale can include
        • Duke, Duchess.
        • Marquess, Marchioness.
        • Earl, Countess.
        • Viscount, Viscountess.
        • Baron, Baroness.
    • A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.

      • On a 60 acre island, 15 acres would be marked for sale
        • The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
    • Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax

      • Digital activities include the solar powered bitcoin mining operation
        • We will partner with an existing bitcoin company for this
      • Solar powered web hosting
    • People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this

    If you have made it this far, please join the subreddit

    More information to come soon, thank you.

    submitted by /u/OGKebabEater
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    Wil we abandon China and manufacture more in US now?

    Posted: 04 Apr 2020 04:09 PM PDT

    Long before the covid outbreak I have been kicking around the idea of doing some kind of manufacturing. I own property and would just need to build. I really believe in doing things with recycled goods and I feel as though we waste so many resources. I see so many cases where people just won't recycle and its off to the landfill forever. I am flexible on other ideas though. Does anyone have any ideas of what is really lacking in the US that should be built here? I think this is going to lead to new oppertunities for us to break away from Asia doing our building for many things.

    submitted by /u/ce1979
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    Looking for Bright Ideas of how to Expand Medical Consulting Company

    Posted: 05 Apr 2020 08:48 AM PDT

    Hello Entrepreneurs,

    So I run what I like to call a "Medical Consulting Company." I have Doctors and Nurses overseas that take medical records for lawyers and organize, summarize, bookmark, and place them in chronological order. The doctors that work for me are very skilled at Radiology, Oncology, Hematology, Orthopedics, and Pharmacology. The team I run is very scalable and I feel like I could move into other sectors other than legal. Any bright ideas of how to expand my offerings or other fields I could move into would be greatly appreciated!

    Thank you!

    submitted by /u/_CLELL_
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    What’re some good ideas for things I can do on the weekends/optional nights?

    Posted: 05 Apr 2020 09:00 AM PDT

    I have a full time job, but I just feel like there's a lot I can do to further my income. I'd like something low startup costs, but I'd expect a low return probably for a while.

    I'm young, and I'm willing to learn more - my job is in IT, so I'd rather stay away from that and give myself a bit of a change up. Any ideas? I've dabbled in power washing but a lot of clients just went to another person if I told them they'd have to wait until Saturday, and it couldn't be done at night.

    submitted by /u/OsamaBinRobbin
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    Post covid19 businesses to go for

    Posted: 05 Apr 2020 03:20 AM PDT

    I'm aware that it is a little difficult to make predictions at this stage, but I'm just curious to see what your thoughts are on this matter.

    I'm afraid that, even though the world is not ready to accept it yet, this pandemic will last for a while. A lot of people will loose their job, a lot of businesses will shut down, a hell lot of money will be burned in the markets. Recession is inevitable and tough times will come.

    Anyway, someday this will end. Months, maybe even a couple years. Who knows. And that's when an economic growth should start again.

    So what business will, in your opinion, be a good investment? What industry will experience a big, rallying growth?

    submitted by /u/mindnoot
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    Would anyone who’s owned a gas station mind giving some advice please?

    Posted: 05 Apr 2020 01:20 AM PDT

    A family member of mine has found themselves owning a gas station and, while they've had plenty of experience managing one, it's their first time owning one. The problem is that they're not very knowledgeable about keeping track of numbers and I'm worried they won't be able to keep track of how how much they're spending, earning and other costs that'll pop up.

    I understand that at this point a lot of people would probably think there's no reason someone like them should own a business, but it's an odd situation where they know enough to keep the business running but don't know enough to make it even better and more successful. I love 'em a lot and they've now hit the 6 month mark of owning the gas station and it's doing very well. Our relationship is very close, so it's not unusual to ask about money, so when I asked about how much he's making and so forth he said his accountant knows all that. I guess that's understandable since I've met the accountant and he's very trustworthy but I think it's worrying a business owner doesn't know the exact numbers...I want to help him out.

    So if anyone who's owned a gas station could advise me some books, videos or other resources I could use to keep track of expenses for this family member I would be very grateful. I have no experience whatsoever in business and this is my first time ever visiting a business sub.

    submitted by /u/OfficialDodoAirlines
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    M&A Valuations

    Posted: 05 Apr 2020 10:38 AM PDT

    I've been talking with a lot of brokers and vendors this past week and they all seem to have one thing in common. While the markets gone down drastically, they all seem to think that none of that affects their business valuation. They aren't grasping reality - some said that this whole ordeal will pass soon enough. Businesses that were worth 4x EBITDA are now worth near half or less, but they seem to think it's still worth 4x while they at the same time are laying some people off and are losing top-line. It seems like the best possible solution here is just an earnout..

    What are your thoughts?

    submitted by /u/kash1463
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    Profiteering from the pandemic - have you seen an increase in pay or surge in your business during this crisis?

    Posted: 05 Apr 2020 03:47 AM PDT

    For billions of people, this truly is time of personal and financial hardship but I look at all those empty aisles and think that someone is making a lot of money right now from all of this. Any of you have stories to share of how your business or start up has thrived the last few weeks?

    submitted by /u/hohojesus
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    Waiting it out for a better retail space...

    Posted: 05 Apr 2020 01:58 PM PDT

    I have a small business in Vancouver. My space is not ideal, and I'd like to find something better. I'm not locked into a lease. I feel like in ~ 4-6 months, there will be a fair amount of retail spaces available due to COVID-19 related closures.

    I have three options:

    • Stay in my current space, continue paying rent with a small amount of work coming in, then jump to something in ~ 6 months.

    • Put my shop in storage. Wait 4-6 months and then move into a new space.

    • Find a space now, negotiate as many months "free rent" as I can to get set-up then hope things get back to normal.

    Any advice would be greatly appreciated!

    submitted by /u/turnip5000
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    If You’re Bored This Week...

    Posted: 05 Apr 2020 01:46 PM PDT

    Pat Flynn's Smart From Scratch course (normally $249) is free for a limited time 👍

    submitted by /u/smellyermameetyerda
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    I give away this idea freely, an insurance company comparison site that enables users to filter down on policy criteria (vetted and in layman's terms) that is guaranteed to be covered (it does exist).

    Posted: 05 Apr 2020 01:32 PM PDT

    I got this idea when I was trying to get a mortgage, and home and contents insurance company had hidden clauses behind the claims they said they covered, so when our fence was damaged, they said they didn't cover it.

    It would be for those that: - can't affect a good lawyer - have new insurance companies - want more genuine options in the insurance space

    If you like this idea please upvote

    submitted by /u/PrepxI
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    Exercise equipment

    Posted: 05 Apr 2020 12:58 PM PDT

    With everyone staying at home and gyms closed down i was thinking there would be a market for reselling exercise equipment. Anyone have any ideas of where to buy large quantities of dumbells? I have tried alibaba, DHgate, etc. but nothing really viable

    submitted by /u/DDS-2018
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    Id like to sell ebook. should I use my own website or direct to kindle?

    Posted: 05 Apr 2020 05:58 AM PDT

    Hello, Id like to sell an eBook. Is it ok to sell everything on my own website, using shopify for example, or is it better to direct to Amazon for people to buy?

    submitted by /u/CatolicQuotes
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    Starting a company without any money

    Posted: 05 Apr 2020 11:35 AM PDT

    Is it possible to start a company just with an idea. How can someone attract investors to fund an idea. Is it possible?

    And if not what are the basic requirements and knowledge required to start a company.

    submitted by /u/kkumar894
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    Business to start stimulus check ??

    Posted: 05 Apr 2020 11:31 AM PDT

    What moves are you looking to get assuming you get the full 1200 of the stimulus check I feel like this is a great idea but I'm completely stumped

    submitted by /u/masterroshejb2017
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    Combining millions of cell phones' processing power for complex calculations in the style of SETI research and PCs in the 90s - does it exist?

    Posted: 05 Apr 2020 11:17 AM PDT

    I was wondering whether cell phone processing power is used in the same manner as SETI screensaver 20 years ago (not sure if it's still a thing)? If not, why not? If the user can determine the time the phone is not in use (let's say 00:00-06:00 for example), only when on wifi or for example max 100mb of data, and whatever other restrictions they set, what issues are there? Couldn't find anything with quick googling.

    submitted by /u/zookerberg
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    Struggling to Find the Best Way to Advertise My Startup

    Posted: 05 Apr 2020 11:09 AM PDT

    I started an investment platform that offers returns from rented real estate. We have been running since April of 2016 and we have either met or exceeded our anticipated ROI, so I think the product is solid.

    I haven't been able to convert users in an economical way and I'm wondering what marketing approaches have worked for others in this group?

    For reference, the company is called C.K. Mack, if you want to check out our UI.

    submitted by /u/WhoAreYouJustSomeGuy
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    Hey everyone just wanted some tips on what I should concentrate on in order to grow other themes and tips to garner influence...

    Posted: 05 Apr 2020 11:05 AM PDT

    Hey everybody, so over the last 3-5 months a lot has changed for me in different ways and all positive. To make a long story short my confidence boost and decisions have led to me being more active on social media but after I had a girl with over 24k followers tell me she thought I would and should have over 100k followers just based on looks I was taken aback.

    I felt that I could be concentrating on something to increase my followers or that maybe I was going about it wrong since I only have 40 followers btw. I don't necessarily want to be the annoying influencer but maybe garner enough attention to express something or gain an ambassador type role for a sponsorship in the future...

    Any tips on what I should do? Btw my IG page is:

    a_long_excurzion If anyone has any inquiries I would love to discuss. Thank You

    submitted by /u/antonioZ852
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    How to split ownership between these two partners?

    Posted: 05 Apr 2020 11:04 AM PDT

    Hi there, I know that currently isn't the best time for starting a business, but let's say things went back to being normal, imagine this scenario:

    Two partners want to start a gaming lounge (cyber café/gaming club), they do all the needed research and planning (feasibility study, market research etc.).

    Partner A: Has the needed amount of cash.

    Partner B: Has the needed skills, experience and is the one that did the research.

    (Edit: also partner B would be on site, as in work in and manage the place)

    Questions you might ask: - Yes, gaming clubs are still a thing where I live. - Yes, they do make good money if the place is right. - The devices in mind are PS because there isnt a lot of interest in Xbox in the region. - I live in a developing country, taxes and regulations on such a business aren't that much.

    submitted by /u/TheMaskedDriver
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    Any discord channel for startups/entrepreneurship? Also what are top places to find people to work with online?

    Posted: 05 Apr 2020 03:30 AM PDT

    Shipping canned beverages (cold)?

    Posted: 05 Apr 2020 10:59 AM PDT

    Anyone in this forum know the most economical way to ship canned product that must be kept cold in 12 and 24 pack (12oz cans). We have a product that we're transitioning to direct to consumer (virus and all that) and don't have a very economical way to do this. We're using coolers from Costco at the moment. Bonus points if it's economical and environmentally friendly. The Costco coolers are reusable but kind of expensive.

    Thanks

    submitted by /u/Forgainst_it
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    Some books I love recently

    Posted: 04 Apr 2020 11:40 PM PDT

    I have finished the following books and they're absolutely amazing in my opinion of course. They've really helped me grow in mindset and growth, and I read them all via audiobook (so really hearing) and ebooks via overdrive (free library app) and they are

    1. Jim Collins series (Good to Great, Built to Last, Great by Choice) - books on companies with great cultures

    2. E-Myth Revisited & Street Smarts - book on startup misconceptions and trying to pivot

    3. Never Split the Difference & Getting to the Yes - books on negotiation strategies and dealing with people

    4. How to win friends and influence people

    5. The Dresden Files (absolutely nothing to do with business but it's a great fiction series on a modern day wizard detective in Chicago. It's great to break up the subjects once in a while)

    These books aren't the Bible but they've helped me really open my mindset and how I can handle a lot of scenarios and ways to have a future thinking mindset

    What books have helped you in your growth?

    submitted by /u/wobbleewobble
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    How do you identify users to reach out to for success stories?

    Posted: 05 Apr 2020 10:34 AM PDT

    Hey all,

    I want to put a lot of energy into producing customer success stories these year. I run a platform with 5,000 users where I can generate enough data to see which customers are more successful than others.

    Just wanted to talk to the pros in here, and see whether there is a tool or specific method to get started on this, especially when it comes to identifying users that are 'successes'.

    I produced 2 or 3 of these pieces in the past, but it was mostly lucky and inbound.

    submitted by /u/Sig_Luna
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