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    NooB Monday! - (September 21, 2020) Entrepreneur

    September 21, 2020

    NooB Monday! - (September 21, 2020) Entrepreneur

    NooB Monday! - (September 21, 2020)

    Posted: 21 Sep 2020 06:12 AM PDT

    If you don't have enough comment karma here's where we can help.

    Everyone starts somewhere and to post in /r/Entrepreneur this is the best place. Subscribers please understand these are new posters and not familiar with our sub. Newcomers welcome! Be sure to vote on things that help you. Search the sub a bit before you post. The answers may already be here.

    Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    I'm coming to the reality that I'm simply too stupid to start my own business

    Posted: 21 Sep 2020 11:23 AM PDT

    There are a number of things that I would like to do and that I'm passionate about, but my ideas are just simply unrealistic and will never work, so I'm basically just admitting defeat and declaring myself a loser because I will never see success. Sorry for the depressing post but this is just how I feel. I see absolutely no way to make these things work. Could be a part of my stupidity too.

    submitted by /u/JPostman425
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    I made $210,822 selling a pdf and a video on the internet

    Posted: 20 Sep 2020 02:46 PM PDT

    I have two info products on the market:

    These two products made $237,207 in sales so far, and $210,822 in profit, for an average profit of $24,802/month. The AWS product took about 160 hours to produce, while the Twitter product only took 16 hours. But in this business, creating the content is generally the easy part. Finding customers is the bigger challenge. I've seen many creators succeed with various approaches, but I'm only familiar with one. And it goes like this: You find something you know really well, and you give everything you know about it for free. You do it on social networks, forums, and wherever people interested in your topic hang around. If you manage to get some attention, you will inevitably start getting questions, and these questions become your market research. You start answering the best way you can, and whatever doesn't fit in a short response becomes an opportunity for an info product. Then, if you choose to do the product, you'll have an audience to promote it to — an audience who already told you it wants to learn more about the topic, and that it wants to learn from you specifically.

    But how big should your audience be for this to be viable? I don't know unfortunately. The fate of your products will depend on many things, but if you have an audience that's asking you questions, I'd say the odds are in your favor.

    So, let's dig into what happened since I put my first info product on the market. First, let's take a look at my audience size:

    Chart: Audience

    I had a bit over 12,000 Twitter followers when my first product went on the market. Directly or indirectly, every dollar I made in this business can be attributed to this initial audience. I could have created the same two products before I had an audience, and I'm almost certain I wouldn't have sold any. The initial success brought with it all the future success through testimonials and word of mouth.

    So, let's take a look at how the business grew since that launch:

    Chart: Income - All Products

    There seems to be a correlation between my audience size and revenue, but this relationship is more complex than it seems. New followers seem to bring new sales, but new sales also seem to bring new followers. I don't try to read too much into this relationship, but I can confidently say that having attention is good for this business. And it's not the follower count that matters most — it's how many people know about you, and want your perspective. This is not easy to measure, but you'll know when it happens (you keep getting lots of questions).

    So, let's jump into the performance of each product to see if we can learn something useful about how they were marketed. First, the AWS product:

    Chart: Income - The Good Parts of AWS

    We can see how there was an initial boost from the launch that lasted for about a month, and then sales stabilized at a steady rate. Then, there was another boost mid-March, partly because of a reduction in price, and partly from a new ad campaign (more on these later). That momentum has slowed down since, but it's still chugging along at a reasonable rate.

    Now, let's look at the Twitter product:

    Chart: Income - Everyone Can Build a Twitter Audience

    This launch was very similar to the other product (about $40K in two weeks), despite having an audience twice as large (24K vs 12K followers). However, the Twitter product took off much better after the third week, and it settled at a much stronger steady rate.

    Here's how both products compare on top of each other:

    Chart: Profit - Days on Market

    I had expected the Twitter product to have a bigger initial spike considering my larger audience at launch. Instead, the launch was almost identical, but its momentum has been significantly stronger compared to my first product.

    I have some thoughts about what contributed to this dynamic. First, the Twitter product was sold at almost twice the price of the AWS product. Second, in hindsight, I think I set the launch price a bit too high for the Twitter product, which likely dampened the launch spike. In fact, after 3 weeks I reduced the base price by $10, and that appears to have untapped a large pool of demand that was likely reluctant to purchase at the original price.

    Take a look at how the average sale price changed over time (below), and how it affected the sales volume (above):

    Chart: Avg Sale Price - Days on Market

    For now, ignore those two big drops (we'll analyze that experiment later on). This chart shows my attempts at tweaking prices over time to try to find new demand. With the AWS product I started low and went high, then went low again. With the Twitter product I started high and kept going lower. My general takeaway from all this experimentation is that optimal pricing for consumer products is almost all about psychology, and what seems rational might not be very effective. Let me explain.

    In theory, the best way to maximize profits from a digital product is to start with a high price and lower it over time. This is very common with movies. Disney just released Mulan last week for $30. After a few months, it will likely be on Amazon Video for $15, then a few months later you'll be able to rent it for $5, and then a year or two later you'll likely find it for free on Netflix. I tried to follow a similar approach with my second product, but I misjudged the psychological aspect. Basically, it's tough to get $100 from your most loyal fans, and then go promote the same product at $50 a few weeks later. If I were to start all over again, I would price the Twitter product between $35 and $45, and I suspect it would have done much better in that range. But even with this knowledge, now I'm reluctant to drop the price drastically because I'd have to promote the price change to the same audience that includes thousands of my most supportive customers who paid the original price, and I think that could be a short-term gain, long-term loss. (PS. Steve Jobs faced this exact problem when he dropped the price of the original iPhone after just 2 months.)

    With my first product, I went the other direction. I took pre-orders at $24, then launched it at $28, and then increased it to $38 after a month. However, the $38 price appeared to meet some resistance, and the product lost some momentum. Then, the COVID pandemic hit in mid-March and I took that as an opportunity (and an excuse) to reduce the price to $15. This resulted in a significant second boost, which helped generate momentum from new word of mouth that has carried on until now.

    I have no specific advice on pricing, and I only have experience with consumer products. (Info products sold to businesses can likely command different prices.) However, after 261 days in this business, my inclination is to err on a lower price at launch, and make it up in volume. Selling more units at a lower price has highly beneficial side-effects, including being easier to do, better reviews, better customer satisfaction, fewer refunds, and most importantly the multiplicative effects of increased worth of mouth. In this business, selling 100 products for $1 each is a lot better than selling one product for $100, because in the first case you'll potentially get 100 people promoting your product for free.

    The chart below shows what I think is the opportunity I missed with my Twitter product:

    Chart: Units Sold - Days on Market

    Note how the AWS product sold significantly more units throughout its lifetime (excluding the recent spike), despite my audience being about half the size. Also, based on the engagement I get, I'm convinced that my audience is more interested in Twitter than AWS. My conclusion is that the Twitter product could have sold significantly more units than my first product if I priced it lower, and it would have likely made more profit through larger volumes and increased word of mouth.

    Okay, now let's look at that extreme spike from last month. This was the result of a tweet where I announced a 1 hour promotion where anyone could get my products for any price they wanted, with a $1 minimum. The tweet was seen over 150,000 times, and it generated almost $8,000 in revenue from 2,559 sales. This is obviously not something I can do again any time soon, but it seems like it worked as a one-off promotion. My concern was that this would eat revenue from customers that would have likely bought at full price in the future (and I'm sure there was a bit of that), but the benefits from getting the product in the hands of thousands of new people appears to have countered that downside. Both products continue to sell at their regular rate since that promotion ended.

    Also, note how the Twitter product sold twice as many units as the AWS product through this promotion, despite both getting equal treatment from me. I think this is more evidence that there's significantly more interest in the Twitter topic within my organic reach.

    Next, we're going to look at another marketing experiment I tried with the AWS product:

    Chart: Profit from Ads - The Good Parts of AWS

    I started experimenting with paid ads back in January, but I gave up very quickly. First, I couldn't find a reasonable cost-per-click rate amongst the popular advertising platforms, except for Reddit. On Reddit, I was able to show an ad in the r/aws sub for about $0.50/click. It started quite promising, but after a few days it was barely breaking even so I decided to stop. Then when the COVID pandemic hit, I heard that advertising rates were plummeting so I decided to give it another go. This time I was able to show my ads for just $0.10/click and the initial results were excellent. I kept tweaking things to try to find more availability at higher CPC bids, but eventually the rates became competitive again around mid-June and I was struggling to break even. If I had more time to invest in paid ads, there's likely more opportunity there, but for now I chose to invest my time elsewhere and I stopped the campaign.

    The following is the chart I was watching on a daily basis to assess my ad performance:

    Chart: Daily Profit from Ads - The Good Parts of AWS

    Finally, I want to show you some of my top performing sources of direct sales.

    Thank you for reading, and I hope you found this useful. If you have any questions, ask me anything and I'll try to give you my best answer.

    submitted by /u/dvassallo
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    If you are looking to hang out your shingle, photo printing your logo on aluminum is an affordable option.

    Posted: 21 Sep 2020 12:17 PM PDT

    Many photo printing services including Costco will print on aluminum with a UV coating. It's designed for photos, but works great as a sign with just a logo on a white background. We got an 11" x 17" sign for our business for under $40 delivered. It looks professional and durable, and it's legible from the street.

    submitted by /u/davidfry
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    How much did it cost to start your business?

    Posted: 21 Sep 2020 01:03 PM PDT

    I'm just kind of curious how my business compares startup cost-wise with other businesses?

    My start up costs are $130K, and so far I've saved up about 1/3 of that in 3 years.

    I know online businesses likely are less, but I would think most physical businesses are at least somewhat in that ballpark.

    submitted by /u/Hauntrepeneur
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    I noticed a stress increase while WFH on my business. Looks like the simplest tool that can help us is a breathing technique. Here is a summary of my research

    Posted: 21 Sep 2020 10:18 AM PDT

    I'm a random guy who runs a business from home and dealing with stress during the day. Half a year ago I started a diary. It changed a way I think about myself and "woke me up" in some way.

    It made me open to trying other "free tools" that are popping up here and there on the internet. The only thing I miss is support from others who do/learn something similar. But we can connect and share our experience.

    I tried to meditate for a while but it doesn't work for me. Some Youtube bloggers say breathing can be the first step into meditation.

    Breathwork

    There is emergency breathwork you can do to calm down. Once you feel overwhelmed try to extend your breath for 7 seconds and then release it for another 7 seconds. Your body goes to the parasympathetic nervous system that is responsible for the body's rest [1]. And your heart rate gets down. Use this in a stressful situation or if you go to sleep after the hard day.

    But we need something more powerful to deal with regular stress.

    There are many variations of breathwork. You may know about pranayama (yoga practice) or holotropic breathing. In general, breathwork is a process when you isolate your breath from any physical activity and do only it to push your body above previous oxygen limits.

    The Wim Hof Method

    I learned about the Wim Hof Method by watching the Joe Rogan Experience podcast [2]. This technique consists of three rounds. You do deep breathe for 40 times and hold it for as long as you can't. Then you release, inhale and do one more hold for 15 seconds. That's round one. There is even a video where Wim Hof guides you [3].

    Laird Hamilton shared a story behind the method [4]. He said Wim Hof's technique is a derivative of a Himalayan breathing technique called "Tummo". It was developed by monks to keep their body temperature in the right condition in a cold environment.

    Mister Hof says breathing is about changing chemistry. "When you saturate cells with more oxygen then you typically need, your body stores it. And your body's chemistry becomes alkaline. That enables control of all the body systems — immune, endocrine, lymphatic, vascular, etc."

    "Oxygen influences the body's chemistry by balancing it in affected areas. Scientists agree with me, doing psychotherapy is not enough to reduce stress. You should also work on your chemistry" [5].

    There are some scientific papers behind the method [6]. Which makes it even more interesting to try.

    Hope you found this useful. Maybe I can tempt you with my newsletter about "Free tools that change people's lives". I'm going to share new research, like this one, once a month.

    ​

    Resources

    [1] The physiological effects of slow breathing in the healthy human https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5709795/

    [2] Joe Rogan Experience #712 https://www.youtube.com/watch?v=Np0jGp6442A

    [3] Guided Wim Hof Method Breathing https://www.youtube.com/watch?v=tybOi4hjZFQ

    [4] You Should Be Doing Breathwork for Health and Stress Control https://www.youtube.com/watch?v=VBVn47DAFQA

    [5] Wim Hof Discusses the Benefits of His Breathing Technique https://www.youtube.com/watch?v=FBIVQGX1DCU

    [6] Influencing the Immune System | Wim Hof Method Science https://www.youtube.com/watch?v=A6jqaALpEFM

    submitted by /u/andygorezkyi
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    Startups Around the Los Angeles Area Interested in Connecting?

    Posted: 21 Sep 2020 11:16 AM PDT

    My company was founded earlier this year in Los Angeles, CA. Our focus is designing sporting goods. Are there any other startups around the area interested in sharing contact and website info? We could incorporate each others' good practices into our businesses. Looking forward to connecting with you!

    submitted by /u/TheESTest
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    I feel I am a “wantrepreneur” and I am seeking ongoing coaching.

    Posted: 21 Sep 2020 09:49 AM PDT

    Without trying to sound as I want sympathy, but more that I want you to have a background of who I am, where I currently stand and where I know I can go.

    I grew up in a small town in Texas in semi violent broken home, father left when I was 1 so then was raised by my mother and 2 older sisters. I moved in with my aunt and uncle at age 17 when my mother was on life support and almost passed. She's still alive but her health is that of an 85 y/o and she's only 62.

    After high school I begged my way into this healthcare company as a grunt worker because I thought the female sales reps were hot and the guys looked badass in suits. Months after joining the company at age 20 they were starting a new healthcare sterilization consulting (ensured that sterilization departments in hospitals for surgery were in compliance with regulations, efficiencies, process improvement, resource management, surgeon satisfaction, increase surgeries, ROIC, education etc.) division in which required me to leave Texas for Georgia, so I said "what do I have to lose!?!"

    Fast forward 13 years (age 33) with the company and I held various cap positions due to promotions and just being relentlessly resourceful. My positions were; technician leadership, project management, surgical liaison. I worked in over 60 hospitals across 36 state's and finally achieved my grail a full blown consultant.

    I know no longer work for the company as I wanted to stop travel and get married so I got a management job at a hospital in which I was suspiciously canned 1 month. So basically for these last 3 years I have focused on building a viable consulting service not only in the direct field I was in but business in general. Over the years I have built and kept tools, surveys, calculators, proposals, quantitative and qualitative analysis etc.

    This year I got my BSM and now in my 4th class for my MBA. I read at least a book a month on my craft in addition to other research online.

    I now have a website all my tools and strategy pretty well lined up and I think I'm ready to take on a client but.... I'm stuck with many contradictions.

    I'm confident but not. I think I know where to start but don't really. I think I know what to do but don't do it. I know I am an intelligent very capable professional but I think I'm scared actually do it.

    I'm sure there will be many messages following this that will have a great info and resources for coaching sites, programs etc and I thank you for that.

    What I am looking for is a person that is about 5 years ahead of me in business that I can mastermind with on a regular basis albeit; bi weekly, monthly, quarterly etc.

    Is there any interest from anyone to help me?

    Edit: I'm aware I'm in the paralysis phase of actually succeeding so I may need a few swift kicks in the ass Edit: Mastermind also meaning coach Edit: I also have an LLC and I'm in upstate NY Edit: PM is serious about helping

    submitted by /u/Thats-My-Bacons
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    How to make product idea into a physical product?

    Posted: 21 Sep 2020 11:40 AM PDT

    I have a unique product idea that is a blend of fashion and technology but I have no idea how to transform it into a physical product. Anyone has any idea on how to go about this?

    submitted by /u/sparky_H7
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    2nd startup TOURNAMENT - winner will face last week's champion.

    Posted: 21 Sep 2020 04:03 AM PDT

    I made a tournament format for startups because I watched a tournament for startups in university and wanted to replicate it online. Helluva job it was.

    Startup vs Startup in the quarter finals right now.

    I'm always looking to make friends with people in the startup industry. I hope to keep in touch with anyone out there.

    This tournament is my entry into the startup world so please don't be too mean : )

    https://www.leagueofstartups.com

    submitted by /u/Scotty11p
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    Build an audience then sell to them?

    Posted: 21 Sep 2020 01:26 AM PDT

    I've heard a content marketing entrepreneur, gretta van riel talk about how she focuses first on getting an audience tens of thousand or more , then making a product and brand they want and selling it to them.

    Is most of the impact done by growing a captivated audience(email list, blog, youtube, instagram?) Then doing collaborations, ppc, seo to siphon more people into your existing audience?

    Is the idea to snowball an audience at the same time as building better products and brand?

    submitted by /u/Putrid-Excitement
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    Remote Tech Recruiter Idea

    Posted: 21 Sep 2020 10:56 AM PDT

    With the incoming 2nd lockdowns across Europe (and possibly US) - I have thought about potentially getting a 2nd income along side my current job, I work in HealthTech with an interested in programming. ( I work 1pm - 10pm) So I have mornings for free time.

    I thought about starting up a remote only recruitment boutique firm that specialises in tech, I feel there is room for this especially in the UK market. The US market this seems to be well cornered, but with COVID making more companies go remote (especially in tech) within UK.

    I feel the time is now...However, I have never done recruitment, I have no experience in it, I have experience in tech and have developed many things whilst programming, so I can talk the talk when it comes to tech.

    Just the main money generating aspect (recruiting) is new to me. I suffer a lot from imposter syndrome, I mean why am I thinking of starting a recruitment company when I have 0 experience!!? I mean who does that?

    But I feel I could add to the market, I have had a lot of experience with recruiters who are just there to place you, I want to be the person who cares about the person they're matching to the company.

    ​

    --

    ​

    Has anyone just thrown all the cards up in the air and GONE FOR IT? How has that paid off for you and where are you today?

    submitted by /u/mrpbennett
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    Starting an agency shouldn't take more than a day

    Posted: 21 Sep 2020 10:51 AM PDT

    In the beginning, an agency is incredibly simple. There are only two things you need: A website and marketable skills.

    This is because an agency is a service-based business - so you're essentially trading time, and your expertise, for payment. It's just freelancing - the only difference I can find is that there's a legal business entity, or there's a number of people greater than 1 involved.

    But, in the beginning, you just need yourself, a small way to show people you exist, and your skillset.

    So, let's build that website. To start, give your agency a name, you can change it later if you make it big. Your name doesn't matter. Mine is "UnnamedAgency.com" because I thought it was funny, and we've already worked with a client. Don't overthink it.

    Now make a logo. I spent 6 minutes in Canva making mine, then put it through remove.bg to remove the background - you can change it later. I typed out the word "Unnamed", moved the letters up and down, and added a base shadow effect. Don't overthink it.

    Now you need to establish what you're offering. It does not need to be unique. It likely will not be, and that is fine, but you still need to solve a problem like any other business.

    So - I live stream. I noticed a lot of live streamers in my network weren't using and clips of their live streams on social media, even though all their live streams are awesome pieces of long-form material. Most of the successful live streamers would do it, but other, usually smaller ones wouldn't. I personally have an editor chop up my live streams, because watching through them, finding the best parts, and clipping them together takes hours and hours. It's not hard, it's just very time consuming, and you need to know a little bit about what works on social media. But that's the problem we're going to solve.

    Our agency will help live streamers by finding quality content in their long-form streams and then by breaking it up into digestible clips. Great. I spent half an hour boiling down the tagline to "we transform live streams and podcasts into engaging clips". I figured we should include podcasts - as they're just as easy to edit and the content format is similarly long-form.

    There are probably thousands of other freelancers or agencies that do this, but it doesn't matter. They don't have my network.

    Now you need a section of the website that discusses the problem, and how you can help. I can't tell you how to do this, but it shouldn't take you long. I used a stock social media graphic and I designed a crummy little diagram in Canva to add to this section.

    Now, if you've done some work for a client already, add an example or screenshot to show it exists. Awesome - now just a small professionally branded email and a "schedule a call" button linked to a Calendly or whatever else you use.

    FYI, I used Carrd, a super cheap, simple one-page website builder. You don't need extra functionality. You can change your website later. Don't overthink it.

    You're done. That's the easy part. Now you have to find clients. That's the hard part, and it depends a lot on the service you provide. But for my agency, I'm going to message every live streamer I see that isn't clipping their long-form content. I'm going to ask if I can do one or two live stream edits for free if the streamer has a decent network and is willing to promote what I'm building. I'm going to call similar agency owners and ask for their advice. (why not?)

    Don't do free work for long, if you have to do it at all. Price yourself based on the market - for instance, I would ask live streamers that already outsource their editing how much they're already paying. You don't have to be cheaper, you just have to do a good job and not wildly overprice your work. You can customize payment to each client you find, and you likely will to start. You'll eventually standardize later, don't worry about it right now.

    Link your agency to your social profiles, make a LinkedIn page for it, tell all your friends and your LinkedIn network that you've set it up, and start reaching out to potential clients to see if you can find anyone that might be a fit.

    That's it. The initial setup process shouldn't take you more than a day. I almost finished it on a 90-minute live stream. (lmk if you're curious about it) Finding clients will be an ongoing process, but you don't have to rush it. Set a reminder every day to find one new person to reach out to, or one new sales tactic to try. Be consistent and steady. Once you get your first client and your first testimonial, you'll be able to begin scaling up - just don't stress about the setup.

    submitted by /u/MaxTheEntrepreNerd
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    Pricing for Launching & Maintaining E-Commerce & Digital Marketing

    Posted: 21 Sep 2020 10:43 AM PDT

    I run on-the-ground sales and operations for a few producers who have no e-commerce presence and very little social media presence.

    I have experience building a successful instagram account, though I'm better at the photography, copy and engagement than I am at the strategy and metrics. I can put together a squarespace site and I'm not intimidated by setting up a shopify site, but I've never handled the full pack and ship sales cycle.

    As long as I'm handling the operations and keeping the costs low, these producers have only extra sales to gain through this, and they trust me to let me learn-by-doing.

    Before I even go down this path, I have no clue what to charge. I'd love to hear any input on how to figure this out based on the revenue & complexity of the respective businesses.

    submitted by /u/blacktongue
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    How to ship something but then have client ship something BACK?

    Posted: 21 Sep 2020 01:27 PM PDT

    Hi!

    I have a great side business involving standardized tests for schools. I want to send out exams to schools, and have the schools proctor the exams for students. When the exams are complete, I want the school to be able to simply collect the exams and send me them back.

    Do I just send an additional FedEx envelope in their initial package? How do I do this "round trip" postal stuff?

    submitted by /u/phillythompson
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    Opportunity for Technology Startups

    Posted: 21 Sep 2020 01:20 PM PDT

    Jeffrey Rothschild (https://en.wikipedia.org/wiki/Jeffrey_J._Rothschild), early Facebook engineering lead, billionaire, and an entrepreneur will be speaking at VandyHacks event this year on October 2nd. He will be talking about building a great culture in early stage companies and scaling engineering teams to allow for fast growth.

    You can register for the event at vandyhacks.org!

    submitted by /u/saydolim
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    If food services/ restaurant business is so bad (low profit margins, long hours etc,) why are there so many restaurants around? It can’t be so bad financially if it was such a bad business venture. Thought?

    Posted: 21 Sep 2020 05:28 AM PDT

    Hi All. Long time lurker here. I am a practicing Architect who is looking at starting a good truck/ food service business. I am a bit burnt out in my field so was hoping to do something else. Most of family and friends say Food service/ restaurants are not good money earning business and that I am better off doing something else. But I see lots of restaurants around. Yes, I am sure it is hard to make it in such a competitive environment but I guess a lot of business if not all, have to deal with that. What are some ugly and awesome truths about starting food service business?

    submitted by /u/mrsfunnybones
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    When capital becomes a social good. Why is the DEA lowering quota for opioid medications even more, down 33%, for 2021. COVID-19 is worsening the epidemic and the DEA responds by lowering the quantity. We believe we are powerless, but we are the ones who have the most power, because we can act

    Posted: 21 Sep 2020 12:08 PM PDT

    [8min] r/entrepreneurs, please read closely.

    Megan was a patient of mine, whose life was taken too soon. She was a girlfriend, a daughter, and a mother, and based on how she was treated, she was seen more as an addict than a patient with an addiction.

    She tried to get herself off heroin and went to me to treat her anxiety that inevitably formed. But then I got questioned why I was giving a former heroin addict suboxone, and along with that low dose xanax to help her overcome her newly found anxiety that was masked by the heroin.

    • It did not matter that she was taking the steps to treat herself. That she was doing the things she needed to do to help her daughter and mother. No matter what she was doing, the DEA just saw her as an addict.
    • The DEA felt the diversion risk she posed was greater than the addiction she was trying to overcome.
    • They didn't get that she would get anxiety when she got clean. Apparently mental health for a former addict is a crime.
    • As a result, she fell out of the healthcare system and into despair and depression.
    • She committed suicide a few days before her daughter's birthday.

    In memory of her I began the start of my opioid education initiative that has since grown into so much more.

    I wrote a book about my experience, I completed a few AMA posts, and I feel now as strongly as ever that a good business needs a deep rooted passion, a core belief from the found that we will succeed in our mission no matter what.

    Burden of Pain: Part 1 -

    https://drive.google.com/file/d/1CPs_-9zKp0AeU1lq0e1wdYXq18UXrLXB/view?usp=sharing

    It is imperative that we educate hospitals and healthcare systems on best practices by training executive leadership and front-line staff how to manage such patients. I find that there are two main problems affecting hospitals and healthcare systems.

    (1) The [lack of proper education and training to observe and treat symptoms in real time.](https://www.nasmhpd.org/content/implicit-bias-and-mental-health)

    (2) The [lack of proper resources, both medical supplies and medical equipment, needed to treat patients properly.](https://effectivehealthcare.ahrq.gov/sites/default/files/pdf/opioid-use-disorder_technical-brief.pdf)

    • With the proceeds, I will first go to individual hospitals, train the staff, implement training protocols and provide medical supplies and equipment for the hospitals to sufficiently treat patients. We are looking for additional hospitals to partner with so please nominate a healthcare system along with purchasing a hoodie to ensure that your voice is heard.
    • Second, I will partner with local law enforcement and community leaders to educate the community about the importance of treating patients with mental conditions and substance dependencies medically first, ensuring that such patients can receive medical care without fear of criminal reprisal or public stigma.
    • In combination, we will create healthcare ecosystems that combine best clinical practices with civic engagement to ensure patients are treated properly and receive optimal care both in the acute and chronic setting.
    • My first partners will be the Indiana Office of Attorney General and the Indiana Department of Public Health. I will attend the 11th Annual Drug Abuse Symposium in Indianapolis on October 22nd to elaborate on this partnership.

    To help me fulfill this mission, I ask that you support my vision as an entrepreneur, as someone who loves his patients, and as someone determined to right this major wrong in society.

    The proceeds will go into a fund called the Opioid Patient Empowerment Fund to ensure the donations are properly accounted for.

    I designed this hoodie after being inspired by Pablo Picasso's painting, The Old Guitarist, painted in 1903, just after the suicide death of Picasso's friend, Casagemas. During this time, the artist was sympathetic to the plight of the downtrodden and painted many canvases depicting the miseries of the poor, sick, and ill-treated - known as Picasso's Blue Period.

    I evoke the inspiration of this painting to inspire you to support friends and family who have been affected by the opioid epidemic, which has taken even more lives due to the added stress of recent months. In fact, the viral pandemic has highlighted the critical importance of this initiative, which will only get worse as we head into Fall and Winter.

    [Hoodies](https://www.customink.com/fundraising/empowering-patients)

    submitted by /u/BurdenofPain
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    Selling a sole trader company but keeping a percentage?

    Posted: 21 Sep 2020 12:01 PM PDT

    Hi all,

    Not sure if this is right place to post this but didn't get any luck in r/business..

    I am selling my clothing brand, and want to keep 10%, so if it should be sold on in the future, 10% of the sale price (minus tax) will be owed to me. It however is not registered as a Limited Company and therefore I can't simply write a 10% share into the contract. I'm wondering how I would go about writing the clause into the contract, or if it is even possible to keep a percentage of a Sole Trader company?

    Thanks in advance!
    Danny

    submitted by /u/d_boxer
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    Anybody in clothing e-commerce?

    Posted: 21 Sep 2020 11:48 AM PDT

    Hi everyone,

    Hoping for someone with insight into clothing sales through e-commerce and I wanted to get a couple questions answered-

    1. What type of margin are you looking for? What's your happy place?

    2. Has influencer marketing been successful?

    3. Is having inventory on hand very important to you? Do you dropship some irregular sizes or are you constantly in stock?

    4. How do you differentiate from the thousands of other brands?

    Thanks in advance for any help!

    submitted by /u/thegoalishappiness
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    Thoughts on value of situational domain name

    Posted: 21 Sep 2020 11:38 AM PDT

    As you may know, Trump is likely to make his pick for the Supreme Court late this week. I have managed to snag a domain name that is very relevant to one of the current top contenders for his pick.

    It is in the same vein as StopKavanaugh.com, but in my view, it is more brief and more relevant if this person is chosen as the pick. Obviously, I understand the name has no value if this person isn't chosen.

    I see significant value if an advocacy group were to hold this domain, just like the above domain seems to be owned by an advocacy group. If anyone has any experience with a domain name like this I'd be interested in hearing your thoughts on value, or the best way you recommend selling it. I see Sedo is mentioned a lot but I am not sure whether to make it open to offers or set a buy it now.

    submitted by /u/ItsBOOM
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    Hiring a 17 y.o employee?

    Posted: 21 Sep 2020 10:57 AM PDT

    Is there any possible chances for companies to hire underaged employee? If they had enough experience to what the company is asking for?

    submitted by /u/DreadLordvv
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    How to study smart on AHIT online course.

    Posted: 21 Sep 2020 09:54 AM PDT

    Hi!

    My husband does not have social media, so I am asking on his behalf.

    He just started the 120 hour online course with AHIT. So far, he studies by reading the little ring binded notebook, then he watches the slides. He takes notes by copying everything on the slides down on lined paper.

    He is getting burned out because of all the writing, and wants to figure out a better way to retain the information instead of copying it down word for word.

    We're based in CA, so he is not required to be licensed. The only exam he needs to pass is the one on the AHIT course at the end.

    He is just starting out, so he wants to work for an inspection company before branching out on his own. Once he is ready to branch out on his own, he will take the NHIE and join CREIA.

    Any tips would be greatly appreciated.

    Thank you!

    submitted by /u/INFJMama
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    Any advices about this business?

    Posted: 21 Sep 2020 09:48 AM PDT

    I could produce my t-shirts/shirt/tops (sports clothes) brand. I know someone who could make those items at low costs in south America and I was thinking about selling them thanks to amazon FBA in Brasil. One of the main problems is that I live in Switzerland.

    What do you think about it? Do you have any suggestions or similar experiences? Do you think it is profitable?

    Thank you all!

    submitted by /u/master_roshi_07
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    Choosing the right tech stack for your product

    Posted: 20 Sep 2020 09:58 PM PDT

    It is always difficult to choose a tech stack for your application. Especially one that is going to be worked on by many people in the future. The fact that technologies like Javascript change almost on a daily basis and new frameworks come up every time I browse the internet does not make this job any easier.

    On one hand you want to be using the latest technologies available but on the other hand you can't afford to have a high learning curve or use something that is not a 100% stable yet because you are most likely going to build a long term business that must stand the test of time.

    In many ways it is similar to choosing a person to date. You wanna go with the best looking one but you also need the person to have some depth so that you can have a long term relationship!

    So how do you choose the right tech stack? I can't say for sure that the methods that am employing are the best ones and readers can always reach out to me on twitter and correct me but here are some of the things that I am keeping in mind right now

    Prioritising speed over "doing the right thing"

    It is important for a startup to move fast. If I spend time learning new technologies and understanding all the nuances of those technologies it might take a long time to actually build a product and get it out the door.

    For instance, I am currently building a customer support software for e-commerce businesses and I have been advised by a few folks that my use case would involve dealing with a lot of unstructured data so MongoDB is the right database to use.

    The issue here is that I do not have much experience with nosql and I have personally never used it in production. So even if this is the right thing, it might end up causing me a lot of grief down the line when I am not able to debug certain issues just because I don't have a deeper understanding of the subject.

    I decided to go with Postgres instead because while being a relational database which I am comfortable with, Postgres supports a data type called JSONB where you can store unstructured data much like in Mongo. This seemed like the optimal thing to do.

    Other people will be working on your codebase

    I my previous venture, I wrote some services in Golang. I did this because I enjoy writing code in Go, not to mention that it is a compiled language with syntax that is easy to understand and yields performance that is close to C/C++.

    This seemed like a good idea at the time because the services I wrote in Go were highly scalable and I did not have to touch them again for a long time. The issue came up when we exited the business and I had to transfer the codebase to folks who never worked in Golang.

    The same thing could happen when you hire new folks who might have great aptitude for the role but do not necessarily know all the nuances of working with a brand new language. This is going to delay development time significantly.

    Do not spend time on solved problems

    The amount of work required to build your core product is already quite high, you don't want to be making it worse by spending valuable development hours on building things that are not core to your product.

    For our current product we needed a socket infrastructure so that the server can push real time updates to the browser when a certain event takes place. At first I thought of using something like socket.io but after giving it some further thought, I realised that it would take up considerable bandwidth to maintain the socket service as the product scales in usage.

    We decided to cough up some $$ and go with pusher.com instead. They are a SaaS that offer socket infrastructure as a service. If their entire business depends on one particular pain point, it is safe to assume that they would have done the best possible job of handling it and would have found out all the edge cases and bugs that might come up.

    Break up the product into microservices

    For a monolithic codebase there is pretty much no choice but to work on the same language and frameworks for the foreseeable future. This means that not only are you stuck with a tech stack that you choose a long time ago, but even the folks you hire in the future will be stuck working on the same thing as well.

    To prevent this, it is important to segregate your product into micro services that can be developed, maintained and deployed independently so that you can easily swap some of these services with new ones written in a new language or framework without affecting the working of the rest of the product.

    Closing notes

    While speed is important, it is also important to make sure that your employees are comfortable with the tech stack and do not feel like their careers are being jeopardised due to not being able to work on the latest technologies and frameworks that are available in the market. It would not be fair for me to say that we will only use PHP and nothing else and whoever joins us must suck it up and work on it.

    It could also negatively impact us if we miss out on the ease of problem solving that new technologies and frameworks provide. So there must always be balance between speed and upgrading yourself to something new and better.

    So if you find yourself in a position where there is a new technology that can make things significantly better but it would require a learning curve and a considerable risk of not being able to find employees who can work on this technology very easily, it might still be worth to go for it.

    - originally posted on my blog

    submitted by /u/root993
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