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    Saturday, June 27, 2020

    As a European, which state is the best to open a LLC in the USA? Entrepreneur

    As a European, which state is the best to open a LLC in the USA? Entrepreneur


    As a European, which state is the best to open a LLC in the USA?

    Posted: 27 Jun 2020 05:22 AM PDT

    I want to start selling in the USA, and I wondering which state is the best to open a LLC.

    Florida is the nearest, but I know anything about tax, how much it cost, registered agent ,laws, etc.

    Which one you will you choose if you were foreign?

    Thanks in advance

    edit: I was thinking on Florida because is the nearest and I have direct flights.

    submitted by /u/thecobitroupe
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    Alibaba scam?

    Posted: 27 Jun 2020 05:48 AM PDT

    I found a seller on alibaba selling some gear. Its pretty cheap. He insisted on talking over whatsapp after few messages on alibaba. He assures me he has a company and I can order on whatsapp.. How can i be sure he wont scam me and all of that is legit?

    submitted by /u/akovja
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    Anyone with experience running a kids party venue?

    Posted: 27 Jun 2020 07:06 AM PDT

    Hey all,

    I have a 4000sf warehouse my wife currently runs a business out of. We plan to have kids in the next few years, and since her business can't scale, we plan to pivot to something that will allow her to step away at some point and allow the show to go on (we'll appoint someone to run the business).

    My wife is emotional about all of this, and is largely motivated by ideas that are in her set of interests (go figure). An idea that she is passionate about is running a kids party venue out of the warehouse. That's to say we don't want to host 21st birthday parties etc.

    I know this is a broad ask, but can anyone that has had experience running a kids party venue provide some key insights on general business operations?

    Things like:

    1) What is the breakdown of how money is made? Eg alcohol, food, renting the space itself, etc

    2) What days are you active to host parties? Eg weekends only

    3) Do you offer various themes to customise the venue based on tastes or is it a one size fits all approach?

    Thanks for any thoughts!

    Edit: Lots of great suggestions coming through. Thank-you! To offer some more clarity, this is how I've imagined it. A more formal sit down environment that is versatile enough to suit kids parties, kitchen teas, bridal showers, etc. It would offer a combination of freedom for parents to chat / do their own thing. And some activities for kids to engage in (jumping castle, photo booth, ball pit, arcade games... that sort of thing).

    submitted by /u/panache123
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    How do I go about hiring a dev to make a delivery app?

    Posted: 27 Jun 2020 09:46 AM PDT

    Am 24, unemployed, trying to start a company during the pandemic.

    submitted by /u/planetbyter
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    As an LLC that provides data analysis services to other businesses, how can I create contracts?

    Posted: 27 Jun 2020 10:08 AM PDT

    I'm assuming I need contracts to cover my ass and to ensure I get paid. Can these be just some templates I modified? Is there a software I should use? Do I need to get them drafted by a lawyer? I'm also curious of the price point.

    submitted by /u/bot_account_1
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    Who has the best landing page for acquiring affiliates?

    Posted: 27 Jun 2020 01:46 PM PDT

    What's the best landing page you've seen from a company trying to recruit affiliates?

    Our niche is hyper social - if they don't network they don't eat. In addition to marketing directly to these folks, I'd like to experiment with utilizing these highly networked individuals to bring people to our business and pay them for doing so.

    I'm super interested in seeing what the most successful people are doing. Particularly when the potential affiliate isn't necessarily familiar with the company.

    submitted by /u/mutandi
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    Website for sharing entrepreneur ideas?

    Posted: 27 Jun 2020 11:08 AM PDT

    Is there a site where people can simply post problems of everyday life or issues that they believe business can help solve? A site that entrepreneurs can go to and just see what is going on the world in regards to potentials business opportunities? Any thoughts?

    submitted by /u/BigBoyBitCoin
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    Productivity Ideas for Working Solo on a Startup

    Posted: 27 Jun 2020 07:54 AM PDT

    I talked to a friend who has been working on his startup for the past 6 years, 4 of which were as a solo founder. I asked him for suggestions as I'm in the same situation now. Here are some notes from that which I found useful:

    1. Hard Separation of different kinds of work: He uses a different computer and work location for coding and business stuff. Since I use the same device and location, I tend to jump between tasks as needed, and this leaves me drained and feeling unproductive and crappy, even on days I did get a lot done.
    2. Regular Work Hours - this is an obvious one, but a good reminder anyway. I know this is important, but I've not been good about it, because it is tempting to work later into the evening. This is short term thinking.
    3. Work Fewer Hours - I've heard this before from people I follow on Twitter, but I was skeptical if this was good advice. "It sounds good, but would the person suggesting this have been successful if they had really done this?" has been my usual refrain. But I totally buy it coming from this friend. He has worked harder than I ever have. He says that none of that moved the needle. When he started working fewer hours, he became very mindful of what he was doing, and why, and how it was going to make the company valuable, instead of just going full steam ahead with something that could've just been skipped with some extra thought. More time to think calmly and be strategic.
    4. Be More Nimble - Easier said than done, which is probably why a lot of people (including me of course) read about the OODA loop, lean startup etc but don't put that into practice as far as you could. What it means for my immediate situation is : Figure out why feature development takes as long as it does, and how I can shorten it quite a bit, so that I can talk to users about specific features in detail sooner.

    Source: Video and Channel, if you're interested.

    My startup: Histre : Better bookmarks, highlights, notes, web history, and collaboration

    submitted by /u/kiru314
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    Take a partner buyout?

    Posted: 27 Jun 2020 12:25 PM PDT

    My business partner who owns the majority of the business offered to buyout most of my shares. I'm contemplating the offer since I've been at it for over 15+ years and there is no other recourse for liquidity.

    I'd love to hear from anyone else who sold their shares/company/etc but stayed on. Did you live to regret it? I'll probably take a haircut on the value to the tune of half market value. But my stress level and ability to be present with my family, and to make some mental space in my life may be worth it...

    submitted by /u/thebeastoftinagra33
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    What is the fairest Equity?

    Posted: 27 Jun 2020 11:29 AM PDT

    Here is my situation: Created an startup that has been doing well with traction, where I'm in a better position to recruit for a co-founder. At the same time, I don't want to bring someone onboard who leaves with company equity within a year.

    I'm leaning towards vesting over 3/4 years. Any alternative ways to go about this?

    submitted by /u/TheGifted_
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    How to find a dev to help build website and software

    Posted: 27 Jun 2020 11:26 AM PDT

    As stated in title I am looking for a software developer to build and maintain a system . Both mobile app , and computer etc. I plan on opening a pharmacy and I would like to use my own programs etc for this and breaching out to private offices for medical use as well. Where would I find a dev

    submitted by /u/lonelykingT
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    What path should an experienced software developer follow

    Posted: 27 Jun 2020 03:07 PM PDT

    Hi there,

    I am a professional software developer with engineering background. I'be been trying to develop some personal projects for couple of years now but have been unable to finish most of them.

    During the development process I realize that I dont feel connection with it or the idea was dumb in the first place so I abandon the project and move to the next one.

    The thing is, I love creating software and Im good at it. I've been doing it all throughout the years- mobile apps, desktop apps (linux, mac, windows), Web development, UX & UI design, mictrocontrollers etc. And the more I think about my future, the more certain I am that this Is what I want to do. But I cannot stand working for someone else No more. I change contracts very often so that wont help either.

    In additon, I've once Made a leap, quit my job and work on my own for couple of months. Even though I've not succeeded and Lost my savings...I've loved every minute of that.

    So the question Is- what advise would you vice to someone like me? To start my own software house/ agency? Can I do that without a portfolio (my contracts dont allow to list my projects, although some of them are really famous)?. I would also enjoy coding software for a startup in exchange of equity, but have No idea how to even find one that would be interested.

    Thanks for your help and kind words in advance,

    Chris

    submitted by /u/krzysztof_engineer
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    My business partner wants to sell the business. I am thinking of buying him out of his shares. Buying the whole company?

    Posted: 27 Jun 2020 11:10 AM PDT

    Has anyone ever done this or go through the process of either selling your shares to a partner or buying their shares?

    What has your experience been through all of this? Anything I should look out for?

    submitted by /u/BrokelynNYC
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    Does anybody have experience with working at or operating a BPO? If so what are some tips and/or experiences you’ve had?

    Posted: 27 Jun 2020 02:50 PM PDT

    I have some start-up capital right now and I live in an English speaking low labour cost country and was looking into starting a BPO. I don't have any experience personally but have partners who work in the industry. Really looking for any knowledge to get an true understanding of all start up essentials.

    submitted by /u/KindUniversity
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    As a solo founder, losing all my money and sanity what can I do before I go under

    Posted: 27 Jun 2020 02:41 PM PDT

    EDIT: bot won't let me post links so for the references, check my this post in other subreddits.

    A person on Indie Hackers had created a product but was struggling to get users.

    It's worth reading the question: [redacted]

    But it boils down to 'So bright-eyed and bushy-tailed I thought if I took my product experience and built a video editor there would be tremendous value in that.' and ' So please as a solo founder, losing all my money and sanity what are some practical things I can do before I go under?'

    Think you're a rockstar for having an idea, building it and seeing it through.

    That said you have some problems because you put the cart in front of the horse.

    Startups during the 80s were different in the sense that all they had was product risk. The hard thing was getting the damn thing made (whatever that thing was). If you did that, there would be customers period.

    Nowadays, unless your SpaceX or smth similar, you don't have product risk. Making a web app is eays. (Before anyone starts crying, easy doesn't mean easy, it means it's not a competitive advantage or an economic moat to be able to merely ship such a thing.)

    That means your biggest risk is market risk.

    I.e. We went from 'we know people want to buy this but can we build it?' to 'we know we can build this but do people want to buy?'.

    According to Andreessen's onion layer thesis, you remove risk layers one layer at a time, starting with the most important one, which in your case is 'Will people buy?'.

    So what you should have done in retrospect is to focus 100% of your efforts on making a few sales within a couple of days. If you could do that, then and only then, do you start building.

    But that's hindsight. You've learned a lesson that's incredibly hard to internalize so I def wouldn't beat myself up about it. I think it's pretty much unavoidable.

    Also,

    My tool does everything theirs does but I have 0 customers.

    Read this essay: [redacted - you can google Anti-Network-Effects by Youngling & Feynman]

    Okay now what?

    Focus solely on getting your first paying customers. You need to get momentum.

    I disagree with some of the suggestions giving you a million different marketing approaches for two reasons.

    1. You don't go and do long-term marketing strategies (like SEO) before you even have customers. Not saying it can't work but you're gambling. You're hope marketing. Doing all these things and hoping it'll pay off. Even in the best-case scenario, strategies like those take MONTHS or a year plus.
    2. When you try a million things, it's the best way to get overwhelmed and end up doing nothing. Behavioral science is very clear on this. (Fogg, 2009).

    How do you get your first paying customers?

    HAND-TO-HAND COMBAT!

    • You call all your friends and ask them if they want to pay you X for your web app. You call all the people in your phone, every single person on your contacts.
    • You DM all your friends on Facebook, on LinkedIn, and other platforms you have followers.
    • You ask everyone for a referral. If they say yes, you ask. If they say no, you ask. E.g. Okay since you're not interested in this web app, who's one person you think I should give a call that might be interested in online video editing?
    • You post in subreddits, on Hacker News, Product Hunt, Twitter, Facebook Groups and all that shit. This is a bit more reactive instead of proactive which is why it's the last step. But it's basically hey I made this, anyone wanna interested? Then you contact anyone who's interested immediately and try to close them.

    One final tip. You need customers, not profitability. So don't stress about the price just yet. Maybe after you have 5-10 customers. Because early feedback is so vital. The fact that you're struggling is because you're lacking that feedback. Three things specifically: 1. Who are your customers? 2. Where are they? 3. What's the problem you're solving for them?

    Good luck homey, you're on the right track. Don't give up. I'd even go so far as to say you didn't make a mistake. Failure is part of the process. You fail 99 times until you succeed onces. Just like trying to land your first backflip or smth. This journey of yours is the norm, not the exception. So just keep iterating and be persistent and you WILL figure it out. The reason why it's hard is because up until this point, school and sport gives you a roadmap that you need to execute well, if you fail you did smth wrong. You're now doing smth for which there's no clear roadmap (as in follow these exact steps and you'll get 100K MRR in exactly Y months).

    P.S. If you're scared to do any of these things, it's normal. That's why people are giving you tips like SEO and email markting automation. It's just a way to hide from the things that really move the needle. You can't get rejected by wasting months on email marketing automation, but it hurts to call someone and basically get told to fuck off. If you can't get over your fear after two days, just hire someone or ask a friend to do it for you.)

    REFERENCESBJ Fogg. 2009. A behavior model for persuasive design. In Proceedings of the 4th International Conference on Persuasive Technology (Persuasive '09). Association for Computing Machinery, New York, NY, USA, Article 40, 1–7. DOI: [redacted]

    SOURCE

    [redacted]

    If you enjoyed this post then perhaps I can bribe you with a crisp high five to join my newsletter on entrepreneurial science here: [redacted]

    Go build the future

    RJ

    submitted by /u/Younglingfeynman
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    Startup founder building a Saas - Should I make a YouTube channel?

    Posted: 27 Jun 2020 02:40 PM PDT

    👋 Guys

    My goal is to share my journey, offer valuable tips that I have learned in building my company, and build an audience at the same time.

    Out of all the channels, Twitter, Instagram, and YouTube. I figured YouTube would be the best to focus my time and efforts on. I think it's the best platform because all the content on the channel can be converted into other forms of content. I am also comfortable in front of the camera. Also, my Saas product is an online video editor.

    So I am starting a thread to gauge the levels of interest around startup founders documenting their journey.

    Do you guys like this type of content?

    What are some topics that would be interesting to cover?

    What style of video do you think works best (any examples of folks doing this type of content you follow)?

    What would compel you to subscribe?

    Cheers

    submitted by /u/storycreatormichael
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    Web development subcontracting with ad / web design / digital marketing agencies?

    Posted: 27 Jun 2020 01:42 PM PDT

    I want to start cold calling agencies to ask for subcontracting work, but I'm unsure how to go about it.

    I'm a Python / Django full-stack dev. I have been told that this is too advanced for many agencies, as most are looking for Wordpress / PHP devs. I don't want to have to move to that, even though my first language was PHP. But I will if I absolutely have to.

    How do I go about asking for subcontracting work? Should I email them first? It's likely that a receptionist will be the one that gets my call. How do I ask for the decision makers?

    Thanks in advance

    submitted by /u/Mjjjokes
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    How can you get a children’s book published?

    Posted: 27 Jun 2020 01:39 PM PDT

    I know someone that has been trying to publish a children's book for probably close to 20 years. I don't know her that well so I'm unsure of what she has done exactly but I know several others have said how difficult it is. I wrote a children's book/my father drew everything. I've seen people talking about getting their books published on Amazon but that doesn't seem like the best idea? I'm not sure I don't really have many people to talk to about this :( thank you

    submitted by /u/Sevendevils777
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    Sorting useful entrepreneurial advice from less useful when you work in a more "traditional" field.

    Posted: 27 Jun 2020 07:18 AM PDT

    I've long been intrigued by books and podcasts about entrepreneurship, but I'm also a lawyer, and something I was listening to yesterday (a podcast where Cindy Eckert was talking about how much she loves Seth Godin's marketing book "Purple Cow") was reminding me, yet again, that different strategies make sense in different fields. It may indeed be an advantage to be radically different and disruptive (i.e., to be the proverbial purple cow) in certain fields. But people go to lawyers in times of stress, when what they psychologically crave is strength, stability, and the appearance of ability to confidently interact with a very stodgy institution. My intuition is that much of medicine, insurance, finance, and other white collar fields are also this way. Most people are not looking for a "disruptive" pediatrician or a "Purple Cow" accountant. They just want somebody who really knows their shit. People who fit that bill don't need to do any radical branding of themselves because the clients are in vast oversupply.

    Also, I keep wracking my brain trying to think of "products" to which I could apply my entrepreneurial impulses, and I've certainly had various ideas (disruptive dispute resolution app? The uber of trials, where people can sign up to be "jurors" entirely outside of the court system? pure genius, lol) but last night I finally said to myself "dammit, my little legal practice is my product." It's not sexy and different, it's not going to explode into a scaleable app or service that takes the world by storm or make me a billion dollars. And the things I need to do to grow and get better are rather mundane: it's not about marketing or doing something radically different, it's just about continuing to study, to pursue excellence in representing my clients, and to take the time, over years, to really become authoritative in my field. None of that makes for a very exciting podcast, because it's slow and traditional work. But I think it is the truth, at least in my field.

    submitted by /u/borepop
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    Pinterest/Etsy - how do you use Pinterest to drive Etsy traffic?

    Posted: 27 Jun 2020 01:10 PM PDT

    The problem is I don't use Pinterest in my daily life so I don't understand its full power for driving traffic to my Etsy site. My Etsy products are DIY kits for a niche market, so I feel like they would do very well on Pinterest. Besides buying Pinterest ads, are there ways to drive traffic naturally just by making quality pins? If so, how do I design a quality pin?

    submitted by /u/Concept888
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    Cheap 3D printing prototyping services from Burn Social

    Posted: 27 Jun 2020 12:13 PM PDT

     Hey all I founded a startup a few months ago, Burn Social, that tries to solve the high barrier to entry into the additive manufacturing field. We do anything from custom CAD design to manufacturing. We have a range of materials available and are capable of high detail/tight tolerances. I love this community and it has helped me during my startup experience more times than I can count, so I want to give back. If you have an idea you need designed, a finished model you need printed for testing, or even small-mid batch production for a first run of your finished product (1-2000 pieces) I'd be happy to help you for a discount on what I typically charge. Just leave a comment, shoot me a DM, or send me an email through my site ([LINK](https://goburnsocial.com)). Stay grinding! 
    submitted by /u/Carlton_Banks779
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    Question on compensation for partnership where I have no investment?

    Posted: 27 Jun 2020 12:07 PM PDT

    Hi all this is my first time doing anything like this, any help would be greatly appreciated.

    I wanted to ask for your advice on my compensation structure.

    To preface I have a full-time job in digital marketing. I have no investment in the company. The company does wholesale and online retail for outdoor equipment priced between CAD1.5-3K product.

    The founder puts in all the capital and is responsible for sourcing, logistics, shipping, and wholesalers relationship.

    I am being brought on board to oversee all aspects of their marketing includes branding, pricing, promotional strategy, advertising.

    The owner of the company proposes a 10% profit sharing on all transactions through all channels:

    - Online retail channel around 40% margin

    - Wholesale at 30% margin.

    Is this something that is reasonable? What other things should I take in consideration when going into an agreement like this? Please let me know if I can provide any additional information and clarifications to this. Thank you!

    submitted by /u/kkuo
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    The Fitness hub

    Posted: 27 Jun 2020 12:07 PM PDT

    Hi,

    Me and u/Thenorthmanc are looking at starting developing a fitness hub/community app where people would be able to post fitness related content as well as sharing training achievements. The current plan is for the app to have a built in workout tracker and will allow other people to share their workouts with the community.

    We are looking for a UI designer to join the team to help us build this app. If you are willing to join the team, please contact either me: u/mateuszwlo or u/Thenorthmanc

    Thank you

    submitted by /u/mateuszwlo
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    What price should I charge my friends and family for my product?

    Posted: 27 Jun 2020 11:46 AM PDT

    I am releasing a game soon and my friends are really interested in having it. Should I charge them less? What is the strategy for when it comes to friends and family? Any tips?

    submitted by /u/dzjab06
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