Promote your business, week of August 3, 2020 small business |
- Promote your business, week of August 3, 2020
- How do you even start?
- Is it ever too late to get a business license and seller permit?
- How Much Product Should I Start With?
- How do you find rental space?
- Traveling over 20+ countries while Running a 12k/month remote agency
- Starting an Automotive Performance Shop
- Launched My Computer Repair Business A Month Ago, Need Advice To Go Forward
- Should I get GSuite through Google Domains or set GSuite up separately? Do I need GSuite at all if I use an email alias to achieve appearance of a professional email address?
- ORIGINAL POST: I am starting a Digital Agency, should I give away free services to build my portfolio and relationships? UPDATE: 1 month later, Coronavirus pandemic hit. Despite the economic fallout that followed, I Grew By My Small Business By 200%.
- Food Distribution
- What should I do with my Retained Earning as a Sole Proprietor?
- I want to sell containers. What's the best niche to focus on for factories as clients. How can I find out what types of containers a factory uses/needs?
- Selling my biz: Qn about financials
- Employee Work Schedule
- Can you test the market without or little money?
- Advice needed for a small media group looking to set up an LLC
- Nonprofit or business?
- I was on track to become a partner at a functional fitness gym, then bossman let me down.
- Has anyone had any experience with home advisor or angies list?
- Need dog owning beta testers
- Facebook Ad Help for Teespring Masks
- UPDATE: I am starting a Digital Agency, should I give away free services to build my portfolio and relationships?
- Indipendent contractor hireing indnipendent contractor
- How does writing off things on taxes work if using pass-through taxation (LLC)
| Promote your business, week of August 3, 2020 Posted: 02 Aug 2020 07:33 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]  |
| Posted: 02 Aug 2020 12:04 PM PDT Just to set the tone, I'm asking this not as a business owner, but as a random dude in his twenties who likes the idea. Whenever I drive by, I don't know, a restaurant, I always wonder how the owner knew which permits he needed, what he had to sign, what laws he had/still has to abide by the get the business operational, etc. I mean, it's not like there's an online page where you type in the type of business you want to open up and you're sent a package in the mail. So the question is, how did you figure things like this out? How did you come to the realization that you have to sign x,y and z forms? I know it sounds like a dumb question, but I've never understood how to figure out this kind of stuff. [link] [comments]  |
| Is it ever too late to get a business license and seller permit? Posted: 03 Aug 2020 12:43 AM PDT I am a young small cosmetics business owner and never really knew much about these stuff. I've had my business since 2019 October and made some sales, but never really got serious until recently. I do not have an online shop yet but I display my products on my business' Instagram. I was wondering if it is ever too late to obtain these licenses and permits? Would I get into some trouble if I try to file for these now or later? Thank you so much for reading (: really needed help with this. I got a bit worried and hoping to know some advice from some wiser people on this subreddit, haha! [link] [comments]  |
| How Much Product Should I Start With? Posted: 03 Aug 2020 01:43 AM PDT I (21F) am trying to start a handmade coaster business. I would love to sell coasters in the standard pack of four with about five designs starting out. Although, I'm lost on how many "sets" I should make for one design before I officially open my online business. I do have a great business partner helping me out with a lot of things but this is the one thing we're both stuck on this. I don't want to start out with too little and have to reorder materials so soon. But, I know if I order too much and don't sell them all it'll be difficult. Any help would be great! [link] [comments]  |
| Posted: 02 Aug 2020 07:34 PM PDT I am looking for a small industrial rental space in the ballpark of 300-600sf but I don't even know where to begin. Like all the websites show very limited options or I can't search between industrial vs storefront locations. The ones I can find are huge 6000-10,000sf units. [link] [comments]  |
| Traveling over 20+ countries while Running a 12k/month remote agency Posted: 02 Aug 2020 06:54 PM PDT Hey Guys! - Mave from Lazy Virtual Office - where we interview founders who don't compromise freedom for money and time, through automation, delegation, and systems. Today, I have an amazing interview with Michael Gardiner, who is currently CEO of Nomads with Solutions (www.nomadswithsolutions.com) and runs and operates a handful of other small businesses. Michael Gardiner is a 20-year-old serial entrepreneur, speaker, investor, philanthropist, Eagle Scout, and self-proclaimed "adrenaline junkie". Michael specializes in digital marketing, having three years of experience, and having a combined following of over 1,000,000 followers. Quick business summary
Tell us a little about yourself and what you're working on right now?My name is Michael Gardiner, and I am a 20yro digital nomad and serial entrepreneur born in Stuart, Florida. I have been an entrepreneur since the age of 15, when I started my first business. My main business is called "Nomads with Solutions" and it is a digital marketing agency specializing in Facebook lead generation. Our customers pay us to find them qualified leads that in turn make them more money. I have been able to leverage this business to meet incredibly successful people, travel full time to over 20 countries (+10~ independent territories) by the age of 20, and build myself a multiyear safety net. I can safely say, starting young in business was the best decision of my life. What's your back story and how you got into this space?When I was 15 I was a sophomore in high school and primarily interested in normal kid things, including basketball, track, skateboarding, video games, hanging with friends, etc.. I happened to get injured playing basketball and in my free time applied for a job at a local pharmacy store. I have a terrible interview process where the person interviewing me took very little interest in me and I thought to myself that I wanted to make money on my terms. Although my family has no entrepreneurs, nor did I know any, I got an idea for my first potential income stream. I had always followed themed accounts (nice cars, luxury houses, travel) on Instagram and figured I could build a big page to make money with eventually (and show off to my friends). Short story, I ended up growing a network of Instagram accounts to over 1,000,000 followers within a year and sold the network and used that money to fund my other ventures (of which most failed). During that period I had the advantage of having two great loving parents who provided all I needed, so I could put all my money I wanted into business, for this, I am grateful. During that time I also worked some jobs, including working for a library, elementary school, and a rehab center. Out of all the businesses I started with that money, the one that consistently did the best was my agency, Nomads with Solutions. Since then I have started 20+ businesses, and have had most fail, some do ok and a few do good, but Nomads with Solutions has always been the leader What makes your business unique or different from the rest?My business is not that unique. I don't believe in re-inventing the wheel. I took a model that worked, improved upon areas such as client acquisition, and ensured my clients were getting the best results possible, then worked to make my business as systematized as possible. What made this an easy source of revenue for you? What motivated youThis was not an easy source of revenue, I don't think "easy revenue" is something that is real. My main motivation in business is freedom, this includes time, financial, and location freedom. Is your business location independent? Could you tell us more about it? If not location independent, why don't you do it?My business is location independent. I have people working for me all over the world, ranging from the United States to Bangladesh to the United Kingdom. I travel full time (traveling to over 15 countries in 2019) and my business is built to handle this type of travel. What were some of the greatest challenges you struggled with? And how did you overcome it?The largest challenge in a social media marketing agency for most people is consistent client acquisition. This is something that I have done well with by creating outreach methods that do not involve myself. My team does outreach to around 200-300 businesses per day, and the majority of this does not involve my time, which allows me to work on my business, and not in my business. How many hours do you spend per day working on your business? How did you make your day more productive?For this particular business, I spend around 10-15 hours per week working on my business. The main reason I do not have to work more is because of the systems I have in place, and the contractors I leverage. I have separated my time from most lead generation, some sales, and all fulfillment. As far as making my day more productive, I am a big believer in waking up early, having a clearly defined schedule, and also having planned downtime, so you have something to work towards. What would your advice be for someone who's just starting out?
What were some of the mistakes you made?The biggest mistake I made when first getting into business was not focusing enough. I tried to start multiple businesses at the same time, and because of this, I ended up having my focus split between too many ventures. This led to multiple failed businesses, and other businesses having slower progress than they should have. What are some resources you'd recommend for beginners who want to do what you do?One thing I have started doing this year (2020) is reading 1 book every week. As of (6/7/2020) I am almost finished with my 27th book. I think reading is one of the best things you can do to not only become a better entrepreneur but an overall better and wiser person. Some of the books that I have enjoyed the most are:
------------------------------------------------------------------------------------------------------------------------------------------------ Liked this interview? Check out more founders that shared their story on lzvo.com. Or if you're interested in contributing to our site, feel free to message me. [link] [comments]  |
| Starting an Automotive Performance Shop Posted: 03 Aug 2020 03:37 AM PDT Hey r/smallbusiness, I'm looking to move from Upstate NY to Florida to open an automotive performance/repair shop for European & exotic vehicles. I have a partner willing to do this with me, a long time friend out of Wisconsin I've met through the world of building cars who has a lot of experience on the business end of these types of establishments. I personally don't know as much as I'd like which is why I am turning to Reddit seeking advice & constructive criticism on our plan. To give a little back story on both of us, I've been building personal use BMW "race cars" for about 3 years in my personal garage along side of a few friends I've met locally. My day job is a car salesman & I'm looking to get out of it. I don't have a college degree so I'm limited in my area to meet the income I bring home selling cars that also interest me. I also don't like being a number to a corporate but I'll not get into all of that. As for my partner, he has been doing this for about 8 years. His father owns a repair shop in rural Wisconsin on their personal property that does very well. In the last few years he branched away from the typical oil changes, minor repairs, tire replacements, & alignments that a standard shop typically would do. He does everything from minor bolt on parts, all the way to fully forged engines. Back in June after taking a short vacation to come out to New York and hang out with me the week after he got back he left. He took a job offer at a shop closer to Chicago, but still in WI where there was a larger customer base. The issue here it is more or less a fictional partnership where he's in charge of taking care of overhead costs but he doesn't own any portion of the business. His "partner" gets paid a half from what he makes doing jobs. With the half he gets he then has to turn around and pay overheads and then the remainder of the half he makes goes into paying his bills. The dynamic is pretty bad there and he realized that pretty quickly. So I presented him with a plan to move south where the business wont slow down due to season changes. We also would like to move since we can't stand winter. Neither of us have really traveled south before during the winter, but him an I went to LA during this past winter & seen that the Europeans and exotics that we would cater to we're out year round while back home our cars & everyone else's were in storage. We've done some looking into larger SBA loans initially to buy a property & getting a start up that way, but a comfortably sized property for what our needs would be has a daunting price tag that seems a bit too much for what we would be comfortable spending on a start up in a new location. Especially without a solid group of clientele. My biggest fear with a large loan is defaulting because it failed, with our own savings we don't have to worry about losing the clothes on our backs. We decided to look into leasing in the Orlando, Tampa, Miami area. With the decision on leasing and starting with our own funding with $60/k between the both of us that takes an enormous amount of stress off of our shoulders. Between the both of us we have all the equipment that we would need for the most part except some specialty tools but in the business we know that those are expenses that we have to take into account. A bit more into the structure of the business, we would like to go full service. We want to offer everything from basic oil changes & tire rotations, upgrading, & in house street/dyno tuning and that would be what differentiates us from many other shops. My thought process on that is a lot of shops you can go to and have coilovers installed not many of those shops have an alignment rack. We would like to offer that in house. If you go to a shop to have and have upgraded turbochargers installed on your vehicle you need to get a tune, we can do both in house instead of sending you somewhere else and losing that revenue. All of that sounds great in theory, yes? Well how do advertise to customers know that they can trust our work & we are reputable? A billboard can work, or airplay on the radio, etc. We have our "race cars" double as shop cars with a livery on the car for our shop. Going out and getting exposure at the race track, networking with people, getting out to car meets, etc. How are we going to afford to get & keep the ball rolling? Start ups usually are slow and we feel it would be best not to live off of our start up money. In order to keep the momentum I would work in the field that I currently do (car sales) in order to cover living expenses like an apartment, etc. & my partner would take care of the work that came through the shop. The money from the shop would cover overhead there & any remainder would go into a business account until we started seeing enough of a profit where it would be feasible for me go full time on our own business. Down the line, once we had the momentum, the exposure we need, & were generating enough revenue we would need we would like to hire technicians that would take our place and be able to live off of the business. Thank you for reading my long-winded post, there is a lot I haven't covered but we are looking for advice & constructive criticism to help better formulate our plan. Any suggestions or things to look into are greatly appreciated. At the moment, I am looking into taking online business classes at my local community college while I work full time to learn a bit more. [link] [comments]  |
| Launched My Computer Repair Business A Month Ago, Need Advice To Go Forward Posted: 02 Aug 2020 11:44 PM PDT Hi, My name is Peter. I'm the co-founder of MauMar Computer Repair & Co. based in Houston, TX. I launched our business a month ago and for the most part, I'm proud of what I've accomplished. I decided to start my business because I was tired of working for Geek Squad - I'm good at what I do and the fact that I was doing it to earn someone else money stopped sitting right with me. For the most part, I think I've done a good job of self-branding myself and giving great quality so thus far. The only thing is I feel as though I'm in a slump right now. I can't seem to get any more people to book with me and I'm having a hard time figuring out where to go from here. So far: - I have ad campaigns running on Yelp, Facebook, Microsoft Bing, and Craigslist. - A decent website: www.maumarfix.com - I offer 50% off first-time services to incentivize people to book with me and from there hopefully going forward with a word of mouth - Recently got business cards and stickers to provide after service is complete My business model consists of going to people's homes whether it be to pick up to take back or fix there if possible. Most of my traffic comes from Facebook and while I do get a lot of clicks to my website there seems to be something preventing people from wanting to book with me. I don't know what that is. I wanted to ask if there may be something wrong with my website as clearly people click on it because they need something fixed but there seems to be an element missing that makes someone not want to book. What do I need to add or adjust to make people book? I'm not sure where to go from here, or what I can do to improve. Are my advertising options too small? Do I need to go bigger? Should I maybe look into renting office space? Thank you for taking time out of your day to read my post, I look forward to advising, criticisms, and improving on myself and the business. I'm 20 years old and I think now is the perfect time to learn without financial consequences! Here are all my associated links: Google: https://g.page/maumar-computer-repair-?gm Facebook: https://www.facebook.com/MauMar-Computer-Repair-Co-105850814539464 Twitter: https://twitter.com/MauMarAndCo Yelp: https://www.yelp.com/biz/maumar-computer-repair-houston Website: www.maumarfix.com [link] [comments]  |
| Posted: 02 Aug 2020 03:58 PM PDT I am looking to create a professional business email. I researched around and decided to go with GSuite ($6/month) Upon trying to register, I realized I also needed a domain. I researched around and decided to go with Google Domains ($12/year) Now, I am realizing two things I'd like some help with: 1. The first FAQ at the bottom of the following link appears to suggest there will be differences in account management if you get GSuite through Google Domains vs. getting GSuite separately. Can anyone talk through whether one is preferable than the other? https://support.google.com/domains/answer/6069226?hl=en
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| Posted: 02 Aug 2020 05:41 PM PDT ORIGINAL POST: About 6 months ago, I asked this question and I got tremendous response and great advice from so many people here. Some people asked if I could keep them posted on my journey. So here I am. First, let me just say thank you so much to all the people that reached out and offered advice and words of encouragement. My apologies that it took a bit longer than I'd have liked to come back and show my gratitude. COVID-19 delayed things a bit. Nonetheless, better late than never, right? UPDATE: And along came a wrench flying into the gears: About 2 months in, the Coronavirus pandemic hit our shores and the country (and the global economy) screeched to a halt. Fear consumed my body and soul and threatened to turn my dream into a nightmare overnight. Right after I quit, we found out that the wife was pregnant with our son (we had called it quits on having more kids). We already have 2 daughters. My father-in-law couldn't help it but re-hash the conversations we had many times about his fear of the unknowns that come with starting a business. What was I going to do now? I had set out a very specific timeline to build the business while living on the savings I had put aside over the years. Now that the majority of businesses of all sizes were cutting down on expenses, especially marketing budgets and there was talk of a major recession. I was in serious trouble. One thing that I was sure of was that I was at a point of no return. I had to find a way to make it work despite the economic fallout of the Coronavirus pandemic. I had to adapt fast. I revisited my business plan and scoured for ways to reduce my expenses and possibly increase revenue. After what it seemed like rewriting the plan, here I am today with 3 times the number of clients (with business volume/contracts lasting at least 6 months) I had when Governor Cuomo shut down New York on March 21. All of those clients were gained during the ~ 90 days following through COVID-19 shutdown and quarantine. Given my lower fixed costs now, I also have also reached my break-even point and now working on growing profitability. Obviously, I am far from being out of the woods as of yet, but I shared this story to inspire someone, anyone out there; to say hey...whenever the situation may seem dire, there may be a silver lining above the dark cloud. Think about how can your small business adapt to meet the new demand and thrive in this time of hardship? Here are some examples of what I did when faced with the economic downturn of COVID-1:
How did you (are you) dealing with recovering your small business? What are some of the tactics/strategies that you are using to stay afloat and maybe even thrive? [link] [comments]  |
| Posted: 02 Aug 2020 07:10 PM PDT There's a lady in the town I live in that makes phenomenal bread. Different flavors, kinds, etc...during their peak season (Thanksgiving and Xmas holidays) she wholesales to restaurants. I think there's a big opportunity for a distribution business with her for all seasons wholesale to restaurants. She has virtually no competition that I know of locally in the type of bread she makes, even nationally I've lived coast to coast and haven't seen anything like her product. Is anyone in the food distribution business that could offer sone advise?? Is this profitable? Worth pursuing? [link] [comments]  |
| What should I do with my Retained Earning as a Sole Proprietor? Posted: 02 Aug 2020 05:33 PM PDT We are a tech consulting team of four, but legally we are a single-member LLC. After what we've seen in March/April, we decided it's important to have some cash reserves. We restructured internally: The new structure is that the company takes a decent percentage of every billable hour, and uses it to a) reinvest back into itself b) retain cash reserve. The model is working well. The company is self-sustaining, and with pretty low overhead we are building decent savings (close to $50,000). The issue: My accountant just informed me that I will have to pay full taxes on that money that the business retains. My tax rate is between 40%-50%, so clearly this is not good as far as the company saving up for another crisis goes. In my small business mind, I had just assumed that this is the business's money, so I wouldn't need to pay taxes on it. Wrong. I'm wondering what anyone else in this situation has done. Is it worth it to bite the bullet and pay the tax for a large savings account going into 2021? Should I find creative expenses that will help grow the business (maybe get a paid intern or some premium software? Any way to restructure as a C or S Corp to mitigate the issue? Any advice from this community would be greatly appreciated. Thank you in advance. [link] [comments]  |
| Posted: 03 Aug 2020 12:37 AM PDT My small business is in Vietnam. Happy to sell any type of containers but don't know what the customer currently has or needs. Is the only way to get into the industrial game by having prior experience? [link] [comments]  |
| Selling my biz: Qn about financials Posted: 02 Aug 2020 11:27 PM PDT For those of you that have experience buying and/or selling a small business is it normal for a buyer to demand your complete financials (P&L and balance sheet) right off the bat, as in literally in their first message? It just feels strange to me, especially since I didn't say the name/website of my business so I thought that would be their first question [link] [comments]  |
| Posted: 02 Aug 2020 11:25 PM PDT Hi, I run a cafe of 16 employees who are all students with part time hours (10-20 hours). When considering individual schedules, balancing hours, scheduled days off, and backups, it takes me about an hour each week to make the schedule. Is this normal? How do fast food restaurants handle this? Is there software to automatically generate a work schedule? I feel like I'm spending too much time making the schedule each week. [link] [comments]  |
| Can you test the market without or little money? Posted: 02 Aug 2020 11:23 PM PDT I have a software product that needs real people engaging with it for it to work and make sales. The problem is that I'd have to pay this people before testing the market. I don't have much money. Should I just contact possible customers telling about the product even though it doesn't exist yet or will it just destroy my reputation? I need to know that customers are interested before I proceed finishing the product. [link] [comments]  |
| Advice needed for a small media group looking to set up an LLC Posted: 02 Aug 2020 11:08 PM PDT We are 3 people who came together and started a live stream news group. We stream on 4 major platforms and our own website. We plan on expanding further and building this into our full time careers. As the venture has grown, donations have started coming in on PayPal, cashapp, patreon, and twitch. We havent touched any of the money yet, its just accumulating on these accounts. We wanted to set up an LLC and a business bank account beforehand to ensure we won't screw ourselves come tax time. Someone said we should set it up as a non-profit instead. We are also looking at moving to another state within the next 3 months, and are unsure of which one we should file in. Aside from donations from individual viewers, we are planning to also acquire sponsorships, and are unsure how that might affect as as a non-profit vs an LLC. We would like whatever general guidance you can offer. [link] [comments]  |
| Posted: 02 Aug 2020 09:06 PM PDT I've been planning to start a small business but will donate all of my profits to various charities. Normally when I think of a nonprofit I think of an organization with a clear mission, a team, a board, and outreach (chapters, events, etc). So for my case what is the best way to go about this, nonprofit or business? [link] [comments]  |
| I was on track to become a partner at a functional fitness gym, then bossman let me down. Posted: 02 Aug 2020 07:49 PM PDT In these times I'd like to do a mobile gym set up. I've worked in Physical Therapy for 5 years now, but I'm tired of dealing with insurance claims and failure to communicate. Regardless of our philosophies on the current pandemic, I'd like to make everyone feel comfortable in the gym. So why was me putting tape squares on the ground such a "confusing" concept. I'd appreciate any and all help. [link] [comments]  |
| Has anyone had any experience with home advisor or angies list? Posted: 02 Aug 2020 11:52 AM PDT Small business Hvac contractor here. Just starting out. Can anyone tell me if home advisor is worth it? I've heard good and bad things. [link] [comments]  |
| Posted: 02 Aug 2020 06:35 PM PDT If your pupper has ever tricked you into thinking he's starved even though the kiddo or your spouse just fed him an hour ago(which you didn't know) because that's what good doggos do, then this app is for you! Anyone willing to try it ? [link] [comments]  |
| Facebook Ad Help for Teespring Masks Posted: 02 Aug 2020 05:30 PM PDT Hi, I created a design that is state specific with 10% of the proceeds benefiting the charity No Kid Hungry on TeeSpring. I am new to online marketing and Facebook ads. Besides obviously targeting Floridians, what audience interests should I target in order to create a targeted ad for coronavirus/social distancing interested people? My ideas are: Florida, Online Shopping, and Shopping. But of course that is too broad. Based on a Youtuber's tutorial, he says I should create a post with this design and the question, "Comment below if you would buy this" and then retarget those who interact with the post. Now, I am struggling to see what audience I should target in the initial post. Thanks for any and all help and suggestions! [link] [comments]  |
| Posted: 02 Aug 2020 05:07 PM PDT Original post: About 6 months ago, I asked this question and I got tremendous response and great advice from so many people here. Some people asked if I could keep them posted on my journey. So here I am. First, let me just say thank you so much to all the people that reached out and offered advice and words of encouragement. My apologies that it took a bit longer than I'd have liked to come back and show my gratitude. COVID-19 delayed things a bit. Nonetheless, better late than never, right? After considering all the advice I received, I ended up going with the discounted route. Let me just say it was the right decision. It allowed me to sign up my first wave of clients and gave me an opportunity to showcase my work and build some great business relationships. Outside of the COVID-19 complications, it's been phenomenal. I even have great stories from some small business owners that reached out to me from that post and we've accomplished some great things together. So thank you, everyone. [link] [comments]  |
| Indipendent contractor hireing indnipendent contractor Posted: 02 Aug 2020 05:01 PM PDT Hello, I have a small consulting side gig. I've been working as an independent contractor for 2 years under a 1099 for multiple clients. I am looking to subcontract some of this work out to others how should I go about setting this up and paying these contractors? I have thought about paying them myself and just bill the client once. but don't want myself and my subcontractors to pay full taxes on this money twice. I do not currently have an LLC (Would prefer not to if I don't have to) I live in NYC Edit: TIL I don't know how to spell "Independent" [link] [comments]  |
| How does writing off things on taxes work if using pass-through taxation (LLC) Posted: 02 Aug 2020 04:50 PM PDT This is my first time owning a business that actually makes money, so i'm having a hard time painting a mental picture of the tax gymnastics. Tell me if i'm right:
So myself and another person are 50/50 on a business. Lets say the business makes 100,000 in the year. "Partner A" drove 4680 miles worth of daily deliveries to the post office. He used $310 worth of gas to drive this, and the gas was paid for by the company debit card. The IRS allows 57.5 cents per mile, which equals $2691 Does this mean when Partner A files his personal taxes he will submit his mileage and earn that $2691 deduction on his PERSONAL taxes. As in, it does not effect Partner B in any way? How do deducations like "using your home office for the business" work with two partners? I use my home office to do business things, and he uses his home office to do business things. Again, are we each writing off our own stuff on our personal taxes? I am using quickbooks self-employed and it seems to be estimating taxes for me and trying to convince me to pay them quarterly... but if we are intending to use pass-through taxing, do I just ignore this? I am saving 30% of my business income for taxes. [link] [comments]  |
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