Promote your business, week of August 24, 2020 small business |
- Promote your business, week of August 24, 2020
- Small Pizza Still not earning after 2 months
- You guys think this liquor store is worth it
- Has anybody in the service industry tried demand pricing?
- Private Label or Wholesale?
- Technical Customer Service
- S-corp or C-corp/LLC
- Market research for a niche service. How to go on about doing it?
- Accounting software UK suggestions
- How to find wholesale partners online?
- CPA expanding clientele. What are some good strategies to find new clientsin today's circumstances?
- I feel like I’m not doing enough.
- Later in life?
- Where can I go to sell unconverted leads from a customer base that spends roughly $1000-3000 per transaction?
- Blog Topic Feedback
- Funding for a Construction Products' Business
- Did anyone of you read an book/participated in an (online) course or something similiar and had a "break-through moment" which ACTUALLY was actually a valuable experience which pushed you in the right direction?
- Computer business
- I want a diverse opinion on my business idea.
- Web developer subcontractor for other agency
- Will this plan work for 0% State Income Tax on my new venture?
- Website Cost Survey
- Is lack of sizes a massive deal breaker?
- Trying to start up a vertical farm and finding funding
- I am curious about opening an art studio focused on classes for kids. I’m having a hard time finding any info about the kind of permitting/licensing needed - can anyone help?
| Promote your business, week of August 24, 2020 Posted: 23 Aug 2020 11:03 PM PDT Post business promotion messages here including special offers especially if you cater to small business. Note: To prevent your messages from being flagged by the autofilter, don't use shortened URLs. [link] [comments]  |
| Small Pizza Still not earning after 2 months Posted: 23 Aug 2020 05:45 PM PDT Hi everyone, So we've put up a small pizza business. We computed each ingredients by grams then divided it to the cost, we also added the cooking cost, box, delivery and fare to buy the ingredients. And that's how we got the production cost of our pizza, then we doubled it to gain profit. But after 2 months we are still not earning. I dont know what's wrong. But did we do our computations wrong? Can you recommend a better approach or computation to clearly gain profit? We are also growing our stock because we are selling growing numbers of pizza day by day, but it seems underwhelming, no profit just growing stocks. Please help. Thank you. [link] [comments]  |
| You guys think this liquor store is worth it Posted: 23 Aug 2020 10:28 AM PDT I have 2 mil in liquid capital from homes I rent out. I have also ran a liquor store for my uncle for about a year and a half. Cash flow is $360,000k Revenues: $1,320,000 Price with real estate is $1,750,000 Loc: Los Angeles Down: 500k Long term loan would probably be a 30 year fix. Maybe @ 3.5% Take home would be around $180k with couple part time employees included to help stock. [link] [comments]  |
| Has anybody in the service industry tried demand pricing? Posted: 23 Aug 2020 10:27 AM PDT I do major appliance repairs and have been swamped for months, and regularly lose business because they don't want to wait a week for me to get there. This is completely understandable, since nobody wants to watch their freezer thaw for a week. Has anybody tried any sort of variable pricing based on customer demand/willingness to pay? For example, maybe the customer with the freezer full of thawing food would be willing to pay more than the customer with the squeaky dryer? On the other hand, I don't want to make anybody angry or have them think I'm taking advantage. Any thoughts? [link] [comments]  |
| Posted: 24 Aug 2020 12:57 AM PDT Hey y'all, So I've been researching and considering starting my own boutique/online store. I've really got into the idea of private labeling and wholesale. I am starting with around $2000- $3,000 so I want to make sure whatever route I go I will stay in the budget. Private labeling seems like a great idea, but I'm a bit scared of the costs, and also, I don't really know how the whole process works. As a clothing business owner what exactly do I control in the private labeling process? Like what exactly do I have to do for the manufacturer? Since I am thinking of starting my boutique, I just want to do what is most wise/within budget (starting as wholesale or private). [link] [comments]  |
| Posted: 24 Aug 2020 12:28 AM PDT How do you handle repeat and potential customers asking, by live chat, email, phone complex questions that go well beyond the scope of customer service and support? [link] [comments]  |
| Posted: 23 Aug 2020 09:52 PM PDT The contractor school I am attending offers most services but not S corp. I sought out some advice from a friend who owns 4 clinics about incorporating or staying sole proprietor. He recommended that I incorporate and create an S-corp to reduce the taxation on the income I accumulate given that it also gives me an added layer of protection against my personal assets. My school said that C-corp and LLC create a better opportunity to grow faster and larger than S-corp and they have found that most contractors prefer those options rather than S-corp which is why they don't offer it. I also don't plan on being a huge outfit, if in the future i do it would be a slow to grow as i would like to maintain control of my company. Still learning about the whole taxation and added layer of protection that incorporating gives me I am just not sure about what I should do with incorporating. Which option is better? I am going through legal zoom to create my corporation. [link] [comments]  |
| Market research for a niche service. How to go on about doing it? Posted: 23 Aug 2020 03:53 PM PDT Hi guys, Background I am expanding my business to offer a very niche service. I want to supply testing services for high voltage substations in the UK. While this service is niche, it is well in demand. I have experience in this in another country and am quite famililar with the envirioment. To provide this service, i will need to arrange for qualified engineers outside the country for which i need to arrange visas. Therefore prior to proceeding, it makes sense to do quantifiable market research. *My approach * I already have some contacts in the industry and i used a lead generation free lancer to get the email and contact details of the major companies in this industry. In my estimate, my potential client pool is less than 80 companies. To conduct my market research, i plan to start advertising for my services and start making contact with the potential clients. I plan on sending mass emails to the companies i have identified along with an advertising approach on Linked in to these companies. Ideally i should be able to stir up some interest. However i am a little bit lost on exactly how i ASK potential clients whether there is a demand for my services or not. I intend to offer my services and see if it translates to any potential RFQs at which point i can always refuse the work on the pretense of being engaged elsewhere. My intention for this market research is twofold. One i will have concrete information on the viablity of this market and two i will have made contacts in the industry. However, my visa arrangement etc will take atleast 6 months to 8 months to materialise therefore I am afraid of alienating my potential clients by advertising too soon and not being able to supply my services at that point. Does any one else have any helpful pointers on how to go on about doing this? [link] [comments]  |
| Accounting software UK suggestions Posted: 24 Aug 2020 02:55 AM PDT Hi, I hope I'm posting this in the right subreddit, but basically I have recently started a small business in the UK and I'm looking for a software, accountant (or both?) to help me get started with my spreadsheets which at the moment is all over the place. I am not VAT registered. I deal with 3 different currencies (what my client pays, what I pay my freelancers, and my own currency which is GBP). I use PayPal and Transferwise to receive and send. Because of all the currencies (and my lack of knowledge in bookkeeping), I'm struggling to keep proper records of all of this stuff. I was told about Quickbooks and Xero but I have no idea how good of a fit these will be for me. Other than these what are my options? Ideally I'd like to recruit the help of an accountant to get me started or even do regular bookkeeping with me (this would depend on how expensive/affordable this is) so any leads or advice would be greatly appreciated! Also posting in r/Accounting Thanks! [link] [comments]  |
| How to find wholesale partners online? Posted: 24 Aug 2020 02:26 AM PDT We start our wholesale program as a merchant and we are looking for some partners. How do you find wholesale partners online? Thanks! [link] [comments]  |
| CPA expanding clientele. What are some good strategies to find new clientsin today's circumstances? Posted: 23 Aug 2020 07:59 PM PDT I'm a tax accountant based in California. A bit about the type of work that I do: accounting & bookkeeping, tax preparation (individual and business), tax planning/projections, estimates, tax advice, IRS problem resolution, etc. I'm pretty much a tax specialist (1040s, 1065, 1120). I have prepared about 1000 tax returns since starting and definitely like what I do. I have helped lots of people save thousands and my clients have all given me great reviews. My goal is to simply increase my clientele. My situation is that I went out on my own (full-time) less than a year ago. Even though I have some clients which I found on freelancer websites, I'm not nearly as busy as I should be, and my rates are much lower than other CPAs. Freelance websites are not efficient (with the online competition and Southeast Asia) and in my environment, there is clearly a race to the bottom. Considering the lockdown (i.e. unable to network in person), what are some good methods or places to pick up clients? I've tried Bing CCP and a referral network, but without significant cost investments, there are no results. It's pretty frustrating because I know CPAs are very busy. Is there a special place where lots of people are looking for a tax accountant and can't find one? [link] [comments]  |
| I feel like I’m not doing enough. Posted: 23 Aug 2020 12:45 PM PDT I run a shop online selling return address labels and other printed paper items. Business has been doing very well since last year and I feel like I'm finally past the getting found hump. But I always feel like I can do doing something better or improve something, but I don't know what to do. I know I need to put more work into social media and advertising, but not sure where to start or where to look. I have all the motivation in the world to improve my shop, but it's just not there. Anyone else ever dealt with this and overcame? [link] [comments]  |
| Posted: 23 Aug 2020 07:30 PM PDT Anyone start a business in their 50s? 60s? What did you start and why? How has it turned out so far (excluding this pandemic)? Looking for some inspiration for a relative that doesn't use Reddit. Thanks! [link] [comments]  |
| Posted: 23 Aug 2020 10:35 PM PDT Have a customer list that spends between 1000-3000 on single time purchases.Name, Address, phone number and spend amount and some info on business type. [link] [comments]  |
| Posted: 23 Aug 2020 10:30 PM PDT Hi folks! I'm starting a blog for my consulting business and I'm mostly curious about what people care about reading. If you're a small business or interested in wholesaling of consumer goods (like the stuff you'd find in a grocery or department store) or are building a physical product for resale what are you interested in learning about? I haven't actually written any of these blogs but how do any of these topics sound?
I'd really love to hear your suggestions for topics that you all might care about! Even if you're not in this business category I'd be curious too. Thanks for your help! 😁 [link] [comments]  |
| Funding for a Construction Products' Business Posted: 23 Aug 2020 09:11 PM PDT My name is Fred and would like to get funding of about $10,000 for my cement products business as the construction (real estate/ roads e.t.c) industry needs these products. I would like to share with anyone interested. [link] [comments]  |
| Posted: 23 Aug 2020 01:26 PM PDT |
| Posted: 23 Aug 2020 08:12 PM PDT Me and a few friends have decided to start a business, we are doing good so far with getting everything set up, but we dont know how to buy at the manufacturer prices, do we call them, is thier a certain way we should go about talking to them? [link] [comments]  |
| I want a diverse opinion on my business idea. Posted: 23 Aug 2020 03:25 PM PDT I was thinking about starting an online ecommerce business locally in an INDIAN city, I'll start with only fashion niche at first, it'll be unique as the product delivery will be in few hours to the customer and all the delivery will be locally provided. The products will range from cheap(not quality wise) to affordable. This can also help the local shopkeepers to take their business online and reach more potential customers. Try to only think about what could go wrong as i want a diverse view on my idea, don't think about emotions and feelings, just hit me with the worst, also do tell how can i improve the weak points. Every feedback is appreciated, Thank you. [link] [comments]  |
| Web developer subcontractor for other agency Posted: 23 Aug 2020 06:00 PM PDT I am looking to offer services to other digital agencies as a subcontractor or freelancer to handle development. Such as their designer has done mock-up etc and I will complete the development and finish product for them to then deliver. I have though about offering this under the umbrella of a business name but not sure if it would come off has competition or if I should just market it as a freelancer. Any thoughts? [link] [comments]  |
| Will this plan work for 0% State Income Tax on my new venture? Posted: 23 Aug 2020 05:25 PM PDT I'm about to pull the trigger on the following plan to become a Nevada resident and establish a Nevada LLC. I plan to live nomadically. Please critique and question anything I may have missed. Note: I'm planning for the quickest and least expensive residency hack. 1) I currently live in Utah and the closest Nevada city is Wendover. I've got three options: Option I, There is a KOA campground I can rent monthly for $330/mo + electric + $50 deposit upon arrival. Price is based on 1-2 people. Tent sites are not permitted for long term stays (27+ days), so this works only if you have an RV. I don't have an RV... Option II, I've found a few 2bd apartments that rent for $515 + $15 application fee. Option III, ask a friend in Nevada to rent me a room. In any case I need a rental for 60-90 days to ensure I can meet all residency requirements. This first step assures me a) a place to receive mail for proof of residency, and b) a rental agreement for proof of residency (educational enrollment, vehicle insurance card, and a few other docs also would suffice for 'b', do what is quickest/easiest for you). 2) Register my LLC: https://www.nvsilverflume.gov/startBusiness Formation Fee is $75, and Business License Fee is $200. They also have expedite fees, Ex. $125 extra to do everything in hrs. Rather than use rental address in Step 1 (just for residency), I will use my permanent mailbox address and registered agent address. All my physical mail, credit card billing, and business address will be pointed to this address. The service I plan to use is Akano.io (Full disclosure: I am the co-founder of this service) 3) Get an EIN. https://sa.www4.irs.gov/modiein/individual 4) Get my Business License. If you use the SilverFlume StartBusiness portal you can setup your business entity AND apply for your business license at the same. 5) Setup my LLC Bank Account. I will use Bank of America. Any bank will work. I know BoA allows you to avoid paying business checking fees. There are two accounts you can choose from and BoA makes things very straightforward. https://www.nvsilverflume.gov/startBusiness *Its important to note that I will use my permanent Akano address as my business address; for residency I will use my rental address in Step 1 for my mailing address. After proving residency I will cancel my rental in Step 1 and change all mailing addresses to my permanent Akano address. 6) Drivers License + Residency. This happens at the same time. All documents must be current within the last 60 days. You will want to prepare the following prior to going to the DMV: Proof of identity (name and date of birth): Current Drivers License, Passport, or Birth Certificate. Proof of Social Security: any W2 or Paystub with social. Proof of Residency: Fill out a Certification of Nevada Residency and bring proof of residency. I'm only going to list what I am planning for. You can read all acceptable documents in the link. https://dmvnv.com/pdfforms/dmv005.pdf - Residential Rental Agreement (Step 1) - Bank Statement (Step 4) Proof of Insurance: NA [link] [comments]  |
| Posted: 23 Aug 2020 08:18 AM PDT I have learned a lot reading all of the posts on this subreddit. I am hoping you all can help me with my summer school project. I have to survey small businesses on how much they pay for the service my fictitious company is providing. My project company is a website design agency. The survey is super short and should only take a minute to fill out. Thank you all so much! [link] [comments]  |
| Is lack of sizes a massive deal breaker? Posted: 23 Aug 2020 04:28 PM PDT My family owned business is trying to expand to online sales through the creation of our own website. We've been producing faux leather jackets (and similar materials) for years, but as a (still) small business, we've only been able to offer a single size for each jacket (same models share the same size). As of now and the near future, we aren't able to invest on offering a range of sizes for each model, but we're looking to start online sales soon. What are your thoughts on keeping our limited size offer for each model? We would include the measurements in the description of the product. Keep in mind jackets aren't always worn with an exact fit; worn open, some won't look as big on some people, etc. [link] [comments]  |
| Trying to start up a vertical farm and finding funding Posted: 23 Aug 2020 04:20 PM PDT So here's the dilemma... I've got a team and I know how to execute on our business plan, but none of us have anywhere near the amount of money needed for this venture and we are just unsure of how to move forward with financing to even begin. I will say, we are looking at purchasing an empty warehouse and building in that but I don't know if we should go to a bank to get a loan for the building plus all the supplies necessary or if we will have to try to get investors of some sorts. Any advice would be greatly appreciated! [link] [comments]  |
| Posted: 23 Aug 2020 04:08 PM PDT Hi! I'm in Southern California. There (now and pre-covid) is a huge lack of easy activities for young children if you live in certain areas. In addition, there is sort of a childcare shortage/priced out situation happening. I want to provide 4 sessions a day, where parents can bring their children (age 3+) for age appropriate art activities. The shopping center I am looking at has a grocery store, nail salon, gym and a few restaurants - so I'm thinking that parents would be excited to have a place to drop their kids while they run errands or grab dinner. There is also the hope that those same businesses would help spread the word, since ideally I would help bring more people to the strip center! Basic details: - the space is large enough to keep social distance requirements and still have 5-10 kids each session - I would run the classes, I have a degree in Child Dev/CPR certified/all the parenting buzzwords - I want to provide an affordable form of child entertainment/childcare - offer both classes and a "free space" for parents/guardians drop in and do something artsy with their kiddo Does this sound like a good idea? What obstacles would you see me running into? Can anyone point me towards the types of permitting I might need? Appreciate your help! [link] [comments]  |
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