Did anyone else lose friends over their business? small business |
- Did anyone else lose friends over their business?
- Starting A GlowForge Business
- Would you pay for a daily list of domain names that are expiring soon?
- How can I promote a coffee table book with short stories about self love and self discovery
- Book recommendations on failure?
- Stocking skateboards and skating accessories
- Company registration in USA ,for non US citizens
- Investigating how to support local businesses, looking for help.
- Clothing resellers
- Ethically starting my business
- Online customers
- Unemployment
- Quitting job to compete against current employer.
- Small business
- Create LLC
- Staying at my day job to fund the dream of starting my own business.
- Growing business, need new invoicing system.
- What's a good valuation?
- Preferential treatment for great credit score in SBA loans?
- If wanted to reopen this old place, what should I do differently to keep from shutting down again?
- Tips on how to grow a small business?
- Single member LLC tax advice in California
- Home Based GlowForge Business
- Rent to own storage sheds
| Did anyone else lose friends over their business? Posted: 23 Sep 2020 09:17 AM PDT I make and sell jewelry. I am not the kind of person who pushes people I know to buy things from me. I actually prefer when strangers purchase because I feel less guilty charging them full price. I kind of dread sales from close friends and family because of the guilt associated. Shortly after I first started my business, I was missing an old friend of mine, so I reached out on Facebook. She moved up into the mountains where there is limited cell phone service so the only way to contact her has been online. We were besties in college, and have caught up on each others lives every few months or so for years. We chatted back and forth, but as soon as I mentioned that I had started a business, she sent me a thumbs down and never responded again. I have reached out several other ways but have never heard back from her. Her sister made a post complaining about not being able to find masks she likes, so I offered to sew one for her and my friend for free. She blocked me. At first I was really hurt and confused. What did I do wrong? I never asked them to buy anything. As I said before I don't mix my personal and business life. It took me a really long time and a lot of thinking to even realize why she has cut me out of her life - because I am a small business owner. I think she instantly jumped to the conclusion that I must be an MLM hun type or something. It was a really painful realization. I feel like I've lost my best and oldest friend over trying to better my life. Has anyone else had this type of thing happen to them? If so were you able to overcome it or have you decided to let that friendship go? I'm sure I can't be the only person this has happened to. [link] [comments]  |
| Posted: 24 Sep 2020 02:54 AM PDT Hello fellow small business owners! I am starting a second small business with a GlowForge machine (CNC), I am seeing if y'all have any tips or any wise advice from your past experience that you could share. Like when starting a smaller home business what do you watch out for? I am building a website, but I plan on using Facebook, Instagram and even YouTube to bring awareness to my products. Thank you for reading [link] [comments]  |
| Would you pay for a daily list of domain names that are expiring soon? Posted: 24 Sep 2020 05:02 AM PDT Not selling or promoting anything, just have an idea. If it was a daily list of domains set to expire in the coming week or so, would you pay to have access to it, and/or sent to your email? [link] [comments]  |
| How can I promote a coffee table book with short stories about self love and self discovery Posted: 24 Sep 2020 04:44 AM PDT I have been writing for years and collecting them. I want to add all my pieces together and put them into a cute coffee table book that's inviting and vibrant. In what ways can I get started [link] [comments]  |
| Book recommendations on failure? Posted: 24 Sep 2020 02:41 AM PDT Hello. I am starting my business and I have started making a habit out of reading whenever I have the time. I am currently looking for books focusing on failure and hardship in business. I am looking to learn from people's mistakes. I am not very much interested in people writing about how great and smart they are. Thank you. [link] [comments]  |
| Stocking skateboards and skating accessories Posted: 23 Sep 2020 10:18 PM PDT I was wondering where to order wholesale skateboard decks and complete skateboards for a skate shop section of my store. I was looking at company's like eastern skate supply but they don't have decks lol. Any skate supply distribution company's y'all know? [link] [comments]  |
| Company registration in USA ,for non US citizens Posted: 24 Sep 2020 04:57 AM PDT Hello everyone. I run a drop-shipping business. I am a non US citizen ( I am based in Bulgaria) and I want to register the company as American one . I m planning registering llc in Wyoming. Does anyone have any experience with Buffalo Registered Agents LLC , Mercury bank ( I've done some research and I found I can do that with them: Next step is to find a payment processor. I would like to use Mercury bank account for the customer payments in Shopify. Do you know if Mercury has any turnover limit, because at the moment my turnover is about $ 50,000 per month. Thanks! [link] [comments]  |
| Investigating how to support local businesses, looking for help. Posted: 24 Sep 2020 04:40 AM PDT Hi all, I am working on some ideas to support small, local businesses (specifically places that rely on physical footfall - cafes, bars, restaurants, grocery stores etc), although also interested to hear from local artisans (or 'makers' who sell handmade objects) whether they have a business space or just work from home. At the moment, I am just trying to understand the problems - what motivates people to go where and how do local businesses attract local customers, especially during the pandemic. Please send me a message if you are interested in helping out. I would like to do a short interview, around 15 mins, and then later on to do repeat interviews that will be longer and paid, depending on if I decide to develop any of the ideas further. Best wishes to all, especially during these hard times for small businesses. [link] [comments]  |
| Posted: 24 Sep 2020 04:39 AM PDT How do you look up original stock image of your clothing items? Sometimes I have an easy time looking up an item but others I'm struggling to find the stock image [link] [comments]  |
| Ethically starting my business Posted: 23 Sep 2020 06:50 PM PDT Sorry for the long ramble, I'm hoping to get your thoughts on starting my business the right way. I have been in property management for a long time and have worked for several companies. My knowledge and ability to build relationships has developed to a point where most of the accounts I handle don't really even want to work with my senior management (they really give off the impression that they don't care). Over the last 6 months I have become the manager being handed the big accounts that aren't getting their needs taken care of, so now I'm dealing with difficult groups of people who are inherently disappointed at my company. It has really led to a lot of stress and I am about to take a 2 week vacation, thank god!!! This brings me to my dilemma, one of the accounts I handled last year told my seniors that they want me back and that more was done in the 9 months I was there than in years. I think the client went off on my seniors about being low on the totem pole and they demanded I step back in. The response from my company was to advise them that the management contract which is set to renew 1/1/2021 would not be renewed. I was actually pretty pissed because they really were not that hard to manage and the personalities were totally fine. Anyway, they approached me a day later asking me to start a company and that they would be my first client. I now have a two week vacation to consider this and possibly start developing a business plan. I don't have too many doubts about making this happen as I really feel like I can build and maintain the relationships and actually know what I'm doing. What I'm torn on is how do I handle the inevitable situation where I'm approached by other clients I was working with to take them on? Does, "all is fair in love and war," apply to business? Also, do I solicit my old clients in any way? What is unethical leaving my company and starting a new one? I also have a lot of spreadsheets and things that I have personally built out while I have been with this company, do I start this from scratch or do I have any rights to those things? Any insight would be very helpful, this would be such a huge change for me and I want to uphold a high level of class and professionalism as this is the basis of what my company values would be. [link] [comments]  |
| Posted: 24 Sep 2020 03:34 AM PDT What are the best tools to give support and product advice for customers on my website? [link] [comments]  |
| Posted: 23 Sep 2020 06:08 AM PDT Restaurant owner. Sorry about the formatting. Mobile. We closed for a few months, and all of my employees enjoyed the $600 pua incentive. We're back to work. A few of my more industrious guys started a breakfast delivery service during lockdown. I am happy for them, and i have already started training their replacements. The problem is, they're still collecting unemployment, as well. How do I stop this? I don't want them to get in any kind of trouble, but I also don't want to pay their unemployment. [link] [comments]  |
| Quitting job to compete against current employer. Posted: 23 Sep 2020 04:39 PM PDT What do I need to be careful of so I don't land in hot water? Current employer doesn't have any trade secrets, or other IP to worry about being accused of taking. I don't plan on soliciting current employer customers, but some I have personal relationships with so will likely end up with those customers. Any thing else I need to make sure I do or don't do? Also, not under any type or kind of no-compete or other contract with current employer. [link] [comments]  |
| Posted: 24 Sep 2020 02:20 AM PDT Hello everyone, I made a website an online store to generate profit for myself due to these hard times which made it harder that it was before I spoke to a guy about how much do I need to fulfill orders and ads etc he said as a start I need $1500 I made $250 from online tasks so I'm $1250 short anyone knows what I can do to get more money for my store, the link to my store: I'm trying to make money ASAP to start running the store because I already paid for the plans and everyday is a waste of money without profit. I'm a newbie so any help would be really appreciated it [link] [comments]  |
| Posted: 23 Sep 2020 06:03 PM PDT Hi everyone, For some reason, I want to create LLC in California. It maybe not active. I just want to list non-profit apps on Apple Store. Do I need to pay 800$ annually frans fees ? Some providers will fill that LLC with 350$ + 70 $ register fees. I don't have any plans to report taxes ( because it don't have any transactions) Let's say easy: I just want create LLC to list on Apple store ( free app ) then run away and leave it. Can I do that ? [link] [comments]  |
| Staying at my day job to fund the dream of starting my own business. Posted: 23 Sep 2020 08:19 AM PDT Since college, I have always had the idea in my head that I would someday start my own business. Lately, it has been an all consuming thought for me. I'm staying at my current job to help fund this dream, but some days it's exhausting to get up and go to my current job rather than focus on my future goals. But I feel like it's too soon to make the leap just yet. How did you settle on a product or service? I have a background in graphic design and digital media, so I have the potential to offer services, but I like the idea of starting out with a product first. I'm not sure what specific advice I'm looking for, I just really wanted to put this out here and hear from like-minded people to remember I'm not alone in my thoughts on all of this. I've told very few people in my life about this goal, and I feel like some of the people who do know think this is an impractical goal. But I'm tired of working for someone else, I want flexibility in my career and to create something for myself. I know I will regret never trying to make this work, so here I am. [link] [comments]  |
| Growing business, need new invoicing system. Posted: 23 Sep 2020 11:23 PM PDT Hello all! I do custom automotive electrical work on the side, and business is starting to grow. Every customer has to pay a security deposit to order parts and hold thier spot. Then once I finish the work, I charge the remainder. I'd like to find a invoicing system that works for what I do. I'd like to try and have just one invoice for the deposit and the remainder of the balance. If I have to use two invoices that's fine. I take payments through PayPal, cash app, and cash. I've been doing it as a DBA and my personal account, but now I've turned my business to an LLC and have a separate bank account for the business. I have dedicated PayPal and cash app for my business. Thank you for your time and suggestions! [link] [comments]  |
| Posted: 23 Sep 2020 02:30 PM PDT Evaluating a deal on a purchase of an industrial equipment rental and sales company. The owner has already turned down an offer of $1m from another buyer. Numbers look as follows (due diligence would cover any gaps): ~$165k to $200k in assets owned outright 2016-2019 sales average of $260k, with 2020 projected sales of $400k I am thinking a fair price is 3x the 4 year average (295k x 3 = $885k) + assets value at ~$200k, so $1.085m. Considering other ways to sweeten the deal like offering the multiple at the 2020 rate if there's maintenance of the 2020 rate over the next 3 years, or something like that. Not sure if it's worth it though, hoping to get some ideas. [link] [comments]  |
| Preferential treatment for great credit score in SBA loans? Posted: 23 Sep 2020 02:12 PM PDT Hi guys, First time attempt at being a business owner. I have saved up a decent amount of money (~16k) for a down payment towards an SBA loan, and I've done quite a bit of research on how they work, but what I want to know is what can I expect in terms of rate, term, origination fees, etc based on my credit score and such. I have a 760+ score (768 transunion, 754 equifax, 788 experian) I think I may need to pursue investors to make my plan work (I need about 300k in a loan according my calculations) as I am pretty sure in short of the requisite down payment amount (10% as I understand it). Given my good scores, can I expect any kind of preferential treatment while pursuing this? If it is pertinent, I am in PA, I'm trying to open my own restaurant (industry professional of 11 years, my first place though, plenty of management experience). [link] [comments]  |
| If wanted to reopen this old place, what should I do differently to keep from shutting down again? Posted: 23 Sep 2020 09:33 PM PDT In my neighborhood, there used to be a preschool/after-school center for kids named "Happy Time Ranch". The place would be used as a preschool from 8:00am-12:30pm, and then it'd be a place for kids in lower elementary to go to after school from 2:00pm-7:00pm. Tuition to go to this place for preschool was almost $8,000 per year, while the after-school visits were free to the public. The place used to be a garage where a man did car repairs and minor woodwork, originally built in the late 1950s, and it was sold after he died in 1987. Some renovations to the building were made, and HTR opened sometime in September 1989. It was basically just one giant room with a standard wooden front door, and in it there was 5 big tables with 6 chairs each, a corner with bean bag chairs and various toys, a bookshelf in another corner, a chalkboard and open area where they'd do circle time for preschool, a small area with a sink, fridge and cabinets that had pergo hardwood floor, a TV with an analog cable hookup and VCR/DVD combo, and a set of french doors leading to the playground in the back. The playground was just like backyard playground equipment that they set up in the yard behind the building. At their peak around 1997, they had over 25 students enrolled in preschool. However, enrollment started to decline around 2004, and eventually they were unable to afford the mortgage on the real estate and they were forced to shut down in March 2009. The building was demolished weeks after they closed. I gotta say though, they just kinda let HTR run down to shit over the years. The cabinets were made with cheap-ass boards that were painted white and the paint had been chipping and peeling, the carpet that was originally neon orange turned brownish yellow over the years, and French doors in the back eventually couldn't even be opened. New books, toys, art supplies, and things like that would be bought in every year, but aside from that they hardly ever replaced or fixed anything. Nevertheless, I did have a lot of fun at HTR when I was a kid, and I was sad to see the place disappear. Now what sits there is an sad empty yard with nothing but tall grass and weeds. If someone wanted to one day reopen HTR, what would need to be done in order to keep from going under? [link] [comments]  |
| Tips on how to grow a small business? Posted: 23 Sep 2020 09:26 PM PDT Can someone comment down tips on how my cousin can grow her sticker small business? [link] [comments]  |
| Single member LLC tax advice in California Posted: 23 Sep 2020 09:25 PM PDT Hi, I need help with my company tax. I have a single-member LLC registered in Wyoming 2018. I elected it to be taxed as S-corp. I live in California, but I registered the company it Wyoming since I heard it's cheap in Wyoming. I put my California home address for this LLC's address. I know it sounds stupid, but a big part of the reason for this company was just a learning experience for me. I have a full-time job, and I am not interested in maintaining a company for my main source of income. However, I always wanted to know more about how companies, accounting, and tax work, and I thought creating a small LLC and filing documents are good exercises to learn about it (again, I know it sounds dumb). The registration fee is $100 and the annual report fee is $50 in Wyoming, I can afford that for my intellectual satisfaction. On the other hand, I am interested in investing, so I created an interactive broker business account with this company's EIN and put some money into it. I was a professional investor in the past (I moved to another field now), and my ambition was to manage the account diligently using this business account. However, I got too busy (and lazy) with my full-time job and other family things, I never got a chance to professionally manage that account. The money just sits in that interactive broker account, I rarely rebalance. So in short, I don't really do any business with that LLC, but since there is money in that account, there was some profit about $400. I think the pass-through taxation is applied, so I filed the tax return of this LLC ($400 profit) when I filed my personal tax return. However, California Franchise Tax Board contacted me saying I have to file California tax for this LLC and the minimum business tax return is $800 in California. I thought I only need to file the company's tax return under my personal tax return (so the tax for trading profit $400). But according to California Franchise Tax Board, I also need to file the minimum $800 since I live in California. Is this true and is there a way to avoid it? $800 seems too much for my intellectual satisfaction. Thank you for reading my article, and I would really appreciate any advice. [link] [comments]  |
| Posted: 23 Sep 2020 09:23 PM PDT Hello everyone! Love to hear other people seeking success. My Wife and I are planning on purchasing a Glowforge (CNC machine), to start a business. I plan on using Facebook, Instagram, YouTube and possibly reddit to grow awareness. If there are any small business start ups reading this or anyone that has been in the game for awhile, any advice or things to watch out for would be super helpful! Thanks for reading [link] [comments]  |
| Posted: 23 Sep 2020 08:00 AM PDT I have been recently thinking about starting a rent to own storage shed business. I don't know if these are just a regional thing, but I live in the south and see them somewhat often. It seems like it would be a fairly simple business to start and run. I am already in the rent to own furniture business so I know how RTO and collections work. I do have some concern about repossessing storage sheds, mainly about what is in them, but the same can be said for the RTO furniture business. I was trying to find anything I could about this and found one company's RTO program: 1. A 10 x 12 barn shed retails for $2050. A 36 month RTO agreement is $94.91/mo. A 48 month RTO agreement is $80.58/mo. Those total to $3,417 and $3,868 respectively.
I would guess a typical storage shed averages a normal 5-7% margin, but would a RTO possibly bump it up to 10-15%? I also know how many people RTO storage sheds, but if it's anything like RTO furniture... it's more than you think. Am I on to something or am I just dreaming here. Any help and thoughts are appreciated. [link] [comments]  |
| You are subscribed to email updates from smallbusiness: Questions about starting, owning and growing a small business. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment