Thank you Thursday! - (September 03, 2020) Entrepreneur |
- Thank you Thursday! - (September 03, 2020)
- Hiring employees with monthly profit, just to make that same profit again?
- Made a Summary of "The Hard Thing About Hard Things" By Ben Horowitz
- How to balance work and life?
- I curated 100+ website where you can promote your online business
- I know this isn't looked upon favorably in this subreddit, but if I'm lonely and demotivated in by business pursuits, how do I find a life coach?
- My notes from Y Combinator Startup School
- Is it worth it to establish an LLC for my multiple businesses?
- Working on business after school
- Startup woodworking company
- Fiduciary Bank Account
- Trying to start a botanicalgarden
- Looking to make some extra money on the side with minimal effort. Can anyone with knowledge or experience tell me about coffee machine/vending machines or maybe video arcade cabinets and if it’s a good idea?
- Wall paper removal good side hustle idea?
- THE MOST FUN NICHES FOR CRO?
- What are some issues with job portal sites?
- Payment Processing Option for multiple currencies and countries?
- Hello! Some advice for checking the feasibility of a business idea from my experience.
- Publishing LLC for newspaper
- What Fiverr services could I use to better understand my competitor
- When do you think personal loans will be back up and easier to get?
- How to Prototype in the United States vs China?
- I wanna register my business entity as a small business owner/selling online.
- First (full-time) Month Progress
- Hey guys! Question: I got a business i've been trying to sell
| Thank you Thursday! - (September 03, 2020) Posted: 03 Sep 2020 06:08 AM PDT Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks and the best deals you know of. Please consolidate such offers here! Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Hiring employees with monthly profit, just to make that same profit again? Posted: 03 Sep 2020 06:32 AM PDT I'm hiring an account manager / an operations person to delegate all the day-to-day tasks to run the business so I can get back on the phone 24/7 and sell my B2B services (transport company, each client is recurring revenue). I make about 3,000$ profit per month out of 11,000$, that's about the salary of one employee. I will hire that person, profit goes to 0$, then I acquire new clients and getting back to 3,000$ a month profit, but with about 22,000$ in revenue now. It feels silly in a weird way? I know that this employee can handle much more operations than I can as it would be a full-time job, versus me who has to run the business as well as the operations. Meaning I can go higher than 3,000$/m before needing a second operation employee. What feels weird is feeling my profit will always go into human resources to grow revenue and I will never see profit as I need to reinvest it to keep growing. Maybe I have trouble seeing it now as I am not at that point yet. Is it a mentality issue or am I doing something wrong? Thanks for the help guys. [link] [comments]  |
| Made a Summary of "The Hard Thing About Hard Things" By Ben Horowitz Posted: 03 Sep 2020 02:18 AM PDT I made this into an animated video, if you'd like to watch it, here's a link: https://youtu.be/yl_Q3E5d33U If you enjoyed this please consider subscribing with this link. I create a lot of summaries: https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1 If you're interested here's a Playlist of over 60 book summaries I've created: https://www.youtube.com/watch?v=dOImyOGN9UE&list=PLaNTB6oQAa0AYuul0tqUscg1ZLj_arZga If you're prefer to just read, here's the video script... The Hard Thing about Hard Things by Ben Horowitz What the book is about In 'The Hard Thing about Hard Things', Ben Horowitz talks about the hard core rules he learnt in life and shares his tips on how to build a successful, high-tech company. Quoting Horowitz from the book, 'There's no recipe for building a high-tech company; there's no recipe for leading a group of people out of trouble; there's no recipe for making a series of hit songs; there's no recipe for playing NFL quarterback; there's no recipe for running for president; and there's no recipe for motivating teams when your business has turned to crap. That's the hard thing about hard things — there is no formula for dealing with them.' If you're interested in this book you can get 2 audiobooks for free with a trial of audible using the link in the description of this video. Here is a summary of the book. Chapter 1, 2 and 3 In the first chapter of the book, Horowitz talks about his childhood and family background along with his take on communism and capitalism. He also discusses the importance of seeing things from different perspectives in a business in order to utilize good opportunities and combat threats. The second chapter talks about how having a can-do attitude and willingness to survive in all sorts of hardships by discussing the story of his business venture LoudCloud and how he turned it into Opsware, another of his business ventures. Horowitz continues to talk about the challenges he faced while running Opsware in the third chapter as well as the significance of being emotionally invested in your business to make it successful. Chapter 4, 5 and 6 The fourth chapter discusses how a CEO of a company needs to be sure of making his business successful and instead of playing the odds, must always find the answer and solutions to the problems faced by it. In the next chapter, Horowitz talks about the importance of creating a good work environment in a company and taking care of the people to ensure the team works effectively and efficiently towards the company's goals. The next thing a CEO should worry about is to take care to create good quality products to build loyal customers and then worry about managing the profits. The sixth chapter discusses how most organizations focus on power play and office politics, which does not turn out in favor of the company, and how organizations must work on minimizing politics within the company to make it successful. He also talks about 4 rules that make business successful: Always hire a team whose ambitions complement those of the company. Maintain strict rules and policies that relate to performance evaluations, organizational design, compensation and promotions. The CEO should always promote good employees after measuring their performance in an unbiased manner. Lastly, there must always be direct meetings between managers and employees to ensure good ideas and pressing issues are brought into the limelight. It also discusses how good employees must be trained effectively so their performance improves and they strive better for excellence. Chapter 7, 8 and 9 The 7th chapter discusses how a CEO of a company must focus entirely on what to do right and how to do so instead of being concerned about the things that are wrong in the company. An important way to do so is to be aware of one's emotions as a CEO. He/she should master how to keep calm. As Horowitz writes in the book, "By far the most difficult skill I learned as CEO was the ability to manage my own psychology… The first rule of the CEO psychological meltdown is don't talk about the psychological meltdown." The next chapter once again discusses that there is no one rule to be successful in life and one has to be courageous and gritty to make his/ her business venture a massive success. The final chapter of the book shares Horowitz's personal story on how he chose to work for HP while aspiring to do business of his own, which then led him to start his own company. He then advises the readers to understand that the end to something may be the beginning of something else so one must not give up on his/ her aspirations. This book repeatedly talks about the hard things in life and how one should always deal with the hard issues and facts in life directly instead of giving up because the latter is never the solution. The author also emphasizes on the need for having mentors. Hope this is useful and you enjoyed it. Have a great day! [link] [comments]  |
| Posted: 03 Sep 2020 06:05 AM PDT Hey guys, I have a huge problem to focus myself and balance my life in terms of work, family, hobby, and health. What are your best strategies to manage yourself? [link] [comments]  |
| I curated 100+ website where you can promote your online business Posted: 03 Sep 2020 01:40 PM PDT When I launched Logology I looked for website where I can put it to get my first users and also start to build my SEO. I ended with a list of 100+ website, reddit subs and slack communities. As I wanted to do an "incremental launch" I sorted my list by impact factor. I'm sure it can helps some other entrepreneurs. It's a notion board, feel free to use/duplicate/copy it! The list: https://www.notion.so/logology/Where-to-post-your-project-bc6ce54240884770b2467c3b0f7c1624 Ps: every improvement ideas are welcome! [link] [comments]  |
| Posted: 03 Sep 2020 09:28 AM PDT Yes, a life coach, not a business coach. While I do know enough business concepts to get me to success, I feel like my life is falling apart. I'm also burnt out when it comes to business, in general. It's hard to still care. I was too lonely even before the pandemic hit, therefore talking periodically with someone who watches my back would be good for me for my psyche. I make enough money to not worry about the additional payments that this would entail, therefore please just give me a solution. [link] [comments]  |
| My notes from Y Combinator Startup School Posted: 03 Sep 2020 01:53 PM PDT Hey everyone, I just finished up the free online YC startup school series. To pay it forward I'm open sourcing my entire set of notes from the YC startup school series!-- https://abhiagarwaldo.com/yc-startup-school-lecture-notes/ You can access my entire Notion workbook, or pdf (coming soon). If YCombinator reads this, I just want to thank you so much for this incredible program. It was a million times better than paying for an MBA! @admins If this isn't allowed kindly let me know and I'll remove this post. Just wanted to help others out [link] [comments]  |
| Is it worth it to establish an LLC for my multiple businesses? Posted: 03 Sep 2020 01:11 PM PDT Hi! New entrepreneur here. I'm looking into start a few businesses but for the purposes wanting to keep them all under one LLC rather than myself as a sole proprietorship. Does anyone have experience with this or have any other recommendations? [link] [comments]  |
| Working on business after school Posted: 03 Sep 2020 11:57 AM PDT I run a business besides school. When I come home from school, I always feel pretty tired and not really in the mood / motivated to work on my business. Does anyone have some tips to get the work done after school? [link] [comments]  |
| Posted: 03 Sep 2020 02:21 PM PDT So as the title says, I have a good amount of free time and I want to put it to good use but have no idea how to start up a company. I don't know how to say, "I'm just starting out, this is what I've done, I'll try anything but it's amateur level". Any advice? [link] [comments]  |
| Posted: 03 Sep 2020 02:18 PM PDT Has anyone had any experience opening a bank account with fiduciary capabilities? Are there any additional documents that are required to do this? Exact language per regulatory bodies is: Documentary evidence of a fiduciary account for deposit of charges and premiums collected by the Administrator on behalf of the insurer and return of premiums. [link] [comments]  |
| Trying to start a botanicalgarden Posted: 03 Sep 2020 02:01 PM PDT My girlfriend and I are trying to start a botanical garden and are just looking for general advice on how to start. What kind of things do we need to research and be aware of? Any advice would be helpful! Thanks [link] [comments]  |
| Posted: 03 Sep 2020 02:00 PM PDT What's the best way to approach it and what do I need to know before starting? [link] [comments]  |
| Wall paper removal good side hustle idea? Posted: 03 Sep 2020 10:12 AM PDT I recently got a job where I am maintaining, or opening/closing pools I work sorta as a general labour Mondays through Fridays. A couple weekends ago me and a parent took down the wall paper all over my house, I enjoyed. Now I want to try my hand at a wallpaper removal business, just wondering if this is worth pursing? What would be a good rate to charge(CDN)?I don't have much experience but am looking to get more experience. Sorry if this isn't the right Reddit to post under, I am just looking for some other peoples opinions on my idea [link] [comments]  |
| Posted: 03 Sep 2020 01:37 PM PDT What are some fitting niches for data driven marketing (cro, analytics etc)? I'm currently working at an agency as a marketing generalist with clients who hates the fact that they have to have a website and its so unmotivating to work with them. [link] [comments]  |
| What are some issues with job portal sites? Posted: 03 Sep 2020 01:33 PM PDT Hey Entrepreneurs of Reddit! How are you doing today? I have some questions for you. Are there some issues with job portal sites? What could a lot of job portal sites improve on? Let me know your answers and have a good day. [link] [comments]  |
| Payment Processing Option for multiple currencies and countries? Posted: 03 Sep 2020 01:22 PM PDT I apologize if this question doesn't belong here. If anybody has a better suggestion on where it belongs, that would be helpful. Thanks in advance. If you were creating an online platform, and people from multiple countries would be your customers, what payment processing system would you use? I was planning on using Paypal, but there fees are absolutely ridiculous for processing payments in various currencies, and their exchange rates are awful. Is there a better option where I won't lose such a large % through the transaction? Thanks! [link] [comments]  |
| Hello! Some advice for checking the feasibility of a business idea from my experience. Posted: 03 Sep 2020 05:45 AM PDT Greetings, As a business consultant I've worked on several projects where my clients wanted to know about the feasibility of a certain business venture. So, here are a few tips that may be helpful to those of you in the same boat. Keep in mind that this is more focused towards physical businesses but many steps apply to online businesses too.
Also. it is most helpful to talk to someone who owns a same/similar business to get a good grasp. But don't always be completely swayed by their opinions. Talk to as many people as you can. Usually my work involves doing this at a very advanced level as each venture is inherently different. I often have to customize my system every time and consider tons of other variables. But these basic steps apply to every business idea. I hope this was useful/helpful to some of you:) Feel free to ask/reach out if you have any doubts or need any clarifications. [link] [comments]  |
| Posted: 03 Sep 2020 01:03 PM PDT So I made an LLC last week and I got an advertisement that I am required to publish my business on local newspaper and I do not want to that since im dropshipping and didn't hire any agent and do not want to put my address. Do dropshipping store must have to do this? Im based in nyc [link] [comments]  |
| What Fiverr services could I use to better understand my competitor Posted: 03 Sep 2020 12:39 PM PDT I have a couple competitors, but we are essentially in a blue ocean as there are plenty of clients to go around. I am interested in learning more about what's working in their web presence/web site that I might apply to mine. I figured there's probably some folks on Fiverr that could run some tools highlight what's working for the competitors. [link] [comments]  |
| When do you think personal loans will be back up and easier to get? Posted: 03 Sep 2020 12:34 PM PDT I'm currently trying to start a haunted attraction business that will open in October 2021. But we need the money by March of next year. Right now we are kind of waiting out the pandemic. When do you guys think personal loans (to start a business) will be back up in amount and will be slightly easier to get? Do you think if a vaccine comes out this year, in a few months after that lending will start to return? [link] [comments]  |
| How to Prototype in the United States vs China? Posted: 03 Sep 2020 12:29 PM PDT I've created some prototypes for a phone case that I'd like to mass produce- simple, 1 piece design. My issue is that creating prototypes that I can get my hands on in an immediate time frame seems impossible for a reasonable amount of $. -I've called a few silicone prototyping companies in the United States and they want 10-12K to produce a few samples, to be specific I asked for 8 pieces. -My Chinese factory requested $500 for the same service. The only issue is that shipping the to the states will be 2 week minimum and any tweaks I make to the design will add months to being able to see the final product. Does anyone have any experience or tips with sourcing domestic prototypes that don't cost an insane amount of money? [link] [comments]  |
| I wanna register my business entity as a small business owner/selling online. Posted: 03 Sep 2020 12:09 PM PDT I wanna register my business so I can get a business bank account, seller's permit, and buy wholesale items. I have no idea what to do from here. I have everything else ready for my business, however, I'm stuck on what to do from here. Do I register as an LLC? There isn't any other options on Legal Zoom. Would legal zoom be the best website to use? What exactly is an an LLC? I know how to trademark & copyright. But registering my business is something I don't know how to do at all. I come to you guys with open hands, please help me! [link] [comments]  |
| First (full-time) Month Progress Posted: 03 Sep 2020 11:48 AM PDT It's been an incredible first month going full time. In the spirt of transparency and sharing our story, here are some key metrics since we launched. We hit monthly records in both web traffic and member conversions. We had over 389 unique visitors to the site and 23 converted into members. This is totally organic growth and we're converting about 6% of website visitors into members, versus the 2.89% industry average. That is over double the amount! Without a fully functional product we are still showing traction and growth. Can't wait until we actually have our MVP to share! [link] [comments]  |
| Hey guys! Question: I got a business i've been trying to sell Posted: 03 Sep 2020 11:46 AM PDT Hey guys! Thank you for all the value you guys provide here! My question is this: I've been trying to sell a hair salon recently but other than buybizzsell and similar sites like these i don't know were else can i list it! Any ideas how to sell businesses like these, [link] [comments]  |
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