Business More than 93% of U.S. college students say tuition should be lowered if classes are online

We (husband and wife) started an ecommerce business around June 13th. It started as a hobby and we didn't think we would get any orders. We just hit 400 sales today. We are a fairly spiritually based business.

July 5th: (20 days or so in) Sales is 3853.19, net 1295.12

We had a few days where we were getting $1000 revenue and a single day where we hit $2000.

For July we hit $26,000 and our store was offline for a good week during this month. $16,000 net.

We have invested a lot in new areas, such as a website so we can be independent. $4k. Which is being built. We've been round to suppliers to reduce the costs of supplies as far as we can.

Our current issue is that we can't get access to the money fast enough. We are in Etsy and so they hold the money for a while, so by the time they release it we have already grown enough that we cant buy enough supplies for the new orders as it costs more substantially.

A magazine has come forward wanting to feature us and a local subscription box wants to showcase one of our items.

With all that in mind, a good friend has offered $30,000 to own 50% of the company. He says he will handle finances and accounting as he is a chartered professional accountant. He wants to help get supplies cheaper and already has a lot of business contacts in areas that we would help. He also offered cheap access to an office space so we can expand from our basement.

We were wondering if anybody has any advice or opinions

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James Murdoch resigns from News Corp board

Posted: 31 Jul 2020 05:44 PM PDT

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Mapped: The Wealthiest Person in Every U.S. State in 2020

Posted: 31 Jul 2020 12:28 PM PDT

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Looking for help - the path less taken, or the path of least resistance?

Posted: 31 Jul 2020 08:54 PM PDT

Hello r/business. I'm a 20 year old currently residing in Denver. I've had an entrepreneurial mindset for the past year or two.

Last year around April, I took an attempt at running my own web development agency. Around January the same year, I self-taught myself web development and design. I created various graphics for the company, as well as a website, and even took steps to network with individuals who were knowledgeable in the field. I put myself in front of a potential client - created and presented a prototype, and almost closed a $2500 deal right off the bat.

Unfortunately, due to life circumstances at the time, and a little bit of discouragement from the failure to make the close happen for that particular client, I fizzled out from the web development arena - though I've been able to retain a lot of that knowledge.

Today I'm working a decent job, but very desperately want to break from the 9-5 lifestyle. It kills my creative ability. I have overarching dreams and ambitions to start a tech company, but I know that it is a long, difficult, and ruthless road.

My dilemma here is that I'm in a toss-up between putting my leftover time (from work) into learning the necessary basics, and more advanced topics of the components of starting such an endeavor, or alternatively, seeking an opportunity for self-employment, perhaps via E-commerce, or something comparable, which can yield much higher rates of success at a much lower entry-barrier of understanding and skill.

I figure, I'm pretty good at making websites - starting and running an E-commerce store (or something comparable) means I make a solid website, focus on solid company branding, and from there, largely, most of the demanding knowledge and understanding will be put forth into advertising and marketing. Cake.

Whereas a tech company would demand necessary knowledge in programming software, having a solid understanding of electronic hardware components, embedded systems and engineering, and so forth. These topics individually can take years to really grasp. Up until recent years, no E-commerce store was even close to, say, the market cap of Microsoft or Apple. That should be pretty telling.

So it comes down to this - I want to buy myself time - literally, by breaking free from my 9-5. From there, I want to be able to sit down and focus on building fundamental knowledge in the technology sector - the problem with diving into this now is, well hey, that time can be put into something, say, less intensive with "quicker" rewards. In this case, the path less taken (more meaty endeavor), or the path of least resistance (easier entry-barrier, potential to earn much quicker)?

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Microsoft Reportedly in Talks to Buy TikTok's US Operations | Digital Trends

Posted: 31 Jul 2020 01:03 PM PDT

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Trump says he will ban TikTok through executive action as soon as Saturday

Posted: 31 Jul 2020 08:04 PM PDT

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Under Armour warns of margin pressure for rest of 2020

Posted: 31 Jul 2020 07:28 AM PDT

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Microsoft in talks to buy TikTok

Posted: 31 Jul 2020 07:56 PM PDT