90% of Startups Fail in USA: But passion leads entrepreneurs to success Entrepreneur |
- 90% of Startups Fail in USA: But passion leads entrepreneurs to success
- I made a free QR digital menu creator for restaurants and bars to reduce COVID19 spread, how can I reach restaurants?
- Buying a business at 22 with little experience?
- Payment Gateway wants store admin login credentials (in application) ?!
- Will this work?
- Working with people living with dementia and their caregivers (incl. family)
- Best way to reach out to angel investors?
- What do you usually check in your inventory besides your stocks?
- I've started my own business and I don't know how I feel about it
- Why is non direct self promotion bad?
- Is Amazon FBA worth it?
- Looking for app developers and investors for Beauty App
- ATM Business Post Covid
- How do you get your crowd funding noticed without ads?
- Any advice on progressing from sketch to moldmaking and casting (silicone/rubber toy)
- Goods or services?
- First time startup owner here. How can I learn to detach myself emotionally from my product?
- Must read books for entrepreneurs?
- Does anybody with franchises follow large manufacturering facilities and open new locations close to them?
- Should I quit a job I hate to pursue entrepreneurship?
- How to create a product that people actually use: A Minecraft case study
- Online Course Create - Anyone have experience with this, which platforms do you recommend, or better to create our own?
- I Need practical suggestions on how to create CTAs and creatives for drawing email subscribers
- Following the 2 Minute Rule Allowed Me To Eliminate Procrastinating On My Habits
| 90% of Startups Fail in USA: But passion leads entrepreneurs to success Posted: 24 Oct 2020 04:57 AM PDT Most of them were newcomers to the entrepreneurial journey and not doing what is passionate about was the first mistake they do. Even though we started business in a field we are not familiar still we can develop a passion. Success is a journey. That needs huge effort and contribution. What's your story? [link] [comments]  |
| Posted: 23 Oct 2020 04:39 PM PDT Hi everyone, This week I made a QR menu builder after seeing a lot of restaurants and bars here in Portugal switching to it. You scan a QR code that's on the table, then you see a menu like this: I made it free for restaurants to use to get users quickly: https://qrmenucreator.com Now my question is, how can I reach restaurant and bar owners? Usually the things I built are more for a tech audience.
Any advice would be super useful! -Pieter Levels [link] [comments]  |
| Buying a business at 22 with little experience? Posted: 24 Oct 2020 09:16 AM PDT Hello I am currently attending my last semester at community college and will be transferring next year to a university. I have always wanted to own my own business in the future in the food industry such as a Cafe/Restaurant or anything related in food. I currently work at Chipotle and have been working here for about 6 months and have gain some experience in the food industry. So today I hop on bizbuysell and just look at some food businesses that are for sale in my area just to see what's up. I noticed a café I occasionally go to that was ridiculously listed at a low price at $30,000. It is near my community college campus and it is on a very busy road. I have about $5,000 saved up and my family and friends could lend me $25,000 to fully buy it out, but the thing is I have no idea on how to pay taxes, do payroll, manage employees, heck to see if the business is healthy or not, and all the things related to business. How would I go about learning these things and doing my due diligence? I feel like they wouldn't treat me like a buyer because of my age and inexperience. How did y'all go about it or get started at such a young age. [link] [comments]  |
| Payment Gateway wants store admin login credentials (in application) ?! Posted: 24 Oct 2020 06:51 AM PDT Currently applying for payment gateway & processor (bespokepayments.com). One of the sections (in an open Docx application) asks for my store login and password details. Is this normal? should I be worried? Should I give it to them? Let me know I've never have been asked that before. Couldn't find many relevant subreddits to ask this on, hoping somebody here can help me out. [link] [comments]  |
| Posted: 24 Oct 2020 11:58 AM PDT I (40M) am currently a "Facility Engineer" who works for an Industrial Real Estate Company in the Midwest (heavy manufacturing area). The company is very reputable and I make a pretty decent living ~$100K, plus I get a decent car allowance, bonus, and expecting a decent raise this year. In my previous careers I worked for several different manufacturing companies as an Industrial/Manufacturing Engineer. The Owner of my company understands the value of having a manufacturing engineer on staff to help potential clients, usually Industrial Companies, understand how well they would fit in one of our buildings. Over the last 5 years I have laid out 100s of different companies. I am very skilled at quickly drawing buildings and offering Demo/Build Plans, New Office designs, Site work including parking lots and Truck docks/courts. I draw lease exhibits for leases and also do a lot of measuring spaces with CAD to help everyone understand what the square footage situation is. Although my job is good, it is still a 9-5 job and I'm in the office 90% of the time. Its a 45 minute drive one way and although I have a good salary, I do not get to see all of it due to high Child Support and Alimony payments to my ex-wife. I don't have a ton a debt, but I am struggling to pay off my $3,500 credit card bill and there never seems to be enough money. The idea is to start on the side. Keep my existing job but start a little business as an engineering consultant. I would use my 4-5 weeks of PTO/Vacation time for any site visits that would be required for this side business. If I run out of vacation time, that should tell me the idea is valid and I might be able to pursue it full time. The plan is to offer the following services. Plant and Site Layouts (Existing and Conceptual), BOMA measurements (square footage measurements), Lease Exhibits, High Level Build/Demo plans. I also have been thinking that residential customers/contractors would like to use my services I can offer with home floor pans and potential layouts of decks and patios and even furniture layouts. Let me be clear though, I am not an architect. I have an LLC picked out and almost ready to submit the paperwork, but I have no idea how much demand is out there or how to get work. I do know that there are 1000s of companies out there that do not have a basic floor plan. When I google "Plant Layout Services near me" nothing comes up. Start up costs are basically zero. What do you think? Will it work? Is Linked-in the best route to find new business? Any advice will be greatly appreciated. [link] [comments]  |
| Working with people living with dementia and their caregivers (incl. family) Posted: 24 Oct 2020 01:58 PM PDT Hello guys, I'm starting a business which provides a smartwatch app for people living with dementia and caregivers. Do any of you have experience or some pieces of advice on approaching this target group in the market? What would be the best marketing strategy in the US? So far we have been discussing Location-based targeted-ads (as for instance around caregiving centres, etc), have you tried those? Any advice on what not to miss would be more than appreciated! [link] [comments]  |
| Best way to reach out to angel investors? Posted: 24 Oct 2020 01:06 PM PDT as the title suggest, would appreciate feedback. VC's I have reached out to suggest I get a launched product and have generating revenue or onboarding customers in order to get seed funding. What methods are suggested for finding/reaching out to angels investors to send pitch decks? [link] [comments]  |
| What do you usually check in your inventory besides your stocks? Posted: 24 Oct 2020 01:02 PM PDT Hello guys, I'm validating an idea for an app that is simple to use but most likely use every day in retail, store, or in the same nature of business. [link] [comments]  |
| I've started my own business and I don't know how I feel about it Posted: 24 Oct 2020 09:07 AM PDT This was originally posted in r/jobs and this sub was suggested Hi guys, I'm not too sure if this is the right kinda place to post this, but advice is welcome but this is more for general discussion. I've (23f) set up my own mobile hairdressing business, I love hair and I've got full qualifications in it, so I thought, why not? Especially with previous work being unpredictable (I was made redundant from 2 retail jobs) but I kinda regret it slightly? I don't know, I miss working around others like I did in retail and I feel kinda lonely but at the same time there was ALOT of drama in my previous works so my anxiety has been alot better since I made this decision, but I think I made a bad choice for the moment, as I've not been able to build a sustainable client base as of yet because of covid (and now the new lockdown in Wales) and i don't like dunking clients under the bath to wash their hair because I think its a little uncomfortable with my previously injured back (I fell down the stairs twice in one week a few years ago) I would love to own my own salon space like renting a chair or something but with me not having a sustainable clientèle and with Christmas coming up which is gonna eat away at my finances. I've applied for a few part time jobs to kinda get where I wanna be but again, no one is taking on and the places that are, I've been rejected. I just feel kinda lost right now [link] [comments]  |
| Why is non direct self promotion bad? Posted: 23 Oct 2020 06:35 PM PDT We are entrepreneurs. There's always selling involved. I get that posts such as "here's my secret to get xyz" are obviously.. you know. But I'm astonished to see how anti selling a lot of people are? And I just don't get it? Especially since I am against it as well and I can smell someone wanting something from me from a 100 miles out. I just smell it. Yet often I'm reading on this sub and someone really went out of their way to write something long and, in most cases, valuable. And there might be some self promotion in it. Intentionally, perhaps. Maybe not. Yet that hint of self promotion is as much a turn off to a lot of people here as is accidently clicking a disgusting porn video is to me. Why is that? To me, I don't like people trying to sell me stuff. But if they are eloquent and subtle.. and heck, smart about it. Even if I dislike it, I do really respect it. Can anyone educate me on this? Ty <3 [link] [comments]  |
| Posted: 24 Oct 2020 11:42 AM PDT Hello r/entrepreneur I'm a young guy that's always looking for ways to create different sort of income so I can reach my goal of having enough financial freedom to do whatever I want. While I was looking for different options, I found this guy on instagram called Clint Wallace and his 7 Figure Ecommerce course doing Amazon FBA, I've been taking a look at his stuff and It seems that what he does actually works. He always talks about how as long as you put in the work, u can make a good source of income doing Amazon FBA so you can eventually quit the normal 9-5 job (Basically what any person would want) I Just want to know if anyone here has ever tried Amazon FBA, knows of someone that did, knows him, or just has knowledge about it, I want to know your insights and thoughts about it so that way I can make a decision. Thank you in advance. [link] [comments]  |
| Looking for app developers and investors for Beauty App Posted: 24 Oct 2020 11:15 AM PDT I want to create an App for skincare, but don't have the technical knowledge to build an app. Where/how can I find app developers and investors who want to work with me on this project? [link] [comments]  |
| Posted: 24 Oct 2020 11:12 AM PDT |
| How do you get your crowd funding noticed without ads? Posted: 24 Oct 2020 11:06 AM PDT I am planning on a crowdfunder next year and will be using ads. However does anyone have advice on getting extra free traffic? I often read things like put it on Facebook groups and reddit. But realistically if you so that you'll get have your post removed or you'll get banned... so what can I do? [link] [comments]  |
| Any advice on progressing from sketch to moldmaking and casting (silicone/rubber toy) Posted: 24 Oct 2020 11:00 AM PDT Hi sub, I'm looking for any advice or insight on how to navigate the process of toy development from sketch to sample. I have drawings of my toy, made up of two primary pieces. One of the pieces is a rubber or silicone form that will allow for "accessories" to be popped in and out interchangeably. I know no one in the rubber/silicone industry and am wondering if anyone here has experience on who to call first to find help turning my sketch into a tangible mold to test and modify. Should I start cold-calling small plastics/rubber fabrication shops? Are there other industries or careers that may have the skillset I'm looking for? I'm entrepreurial only in that I've started two failed side-businesses and constantly ideate and doodle about my next idea, but too cautious to leave my full-time job... I'd really like to get this idea off of paper and into some hands for testing/feedback. Thanks! [link] [comments]  |
| Posted: 24 Oct 2020 10:25 AM PDT What are the pros and cons of each? Can't decide which route to take. [link] [comments]  |
| First time startup owner here. How can I learn to detach myself emotionally from my product? Posted: 24 Oct 2020 04:02 AM PDT Background So I've just taken the leap of faith and quit my job and started focusing on a side project I've had for a while (SaaS). I'm in the beginning phases and haven't yet released anything. It's not a project spawned from wishful thinking, but a real need I've seen in society. And I'm building it with the Lean Startup principles in mind, which is: build, measure, learn, iterate. I think I have a sound strategy for approaching this after reading many books and countless threads and posts here on reddit. Problem I love what I do. I love the product I'm building and the feedback I'm receiving. It's a joy to work for myself. Even if the hours are much longer, and I'm constantly faced with challenges on a daily basis, I feel a much more sense of freedom and passion. But I'm also a bit skeptical of this feeling. The feeling that I'm in love with my product. That this feeling may cloud my judgement. And while that feeling gives me tremendous amounts of energy I'm scared it'll blind me from certain truths and lessons down the line. Question Is it better to detach myself emotionally from my product? To approach it like a calculating robot instead? And how can I do that? Has anyone gone through this and have any stories or insights? Any tips or advice is much appreciated! TL; DR: New startup founder. Just quit my job. Focus on business full time. I'm in love with my product, business and new life. Scared that this emotional attachment might hurt me or my business long term. How should I handle this? [link] [comments]  |
| Must read books for entrepreneurs? Posted: 24 Oct 2020 09:55 AM PDT Wondering what to read next... My recommendations for every entrepreneur: - Rework, Jason Fried, HHD - 0 to 1, Peter Thiel - 15 commitments of Conscious Leadership, Jim Dethmer - Thinking, Fast and Slow, Daniel Kahneman - Extreme ownership, Jocko Willinl - Inspired, Marty Kagan [link] [comments]  |
| Posted: 24 Oct 2020 09:39 AM PDT I read somewhere that where they started fracking in Canada a couple years ago some opened a dominos. It quickly had the highest revenue of any franchise worldwide simply because of a lack of supply of alternatives. Is this a normal play with franchise owners? [link] [comments]  |
| Should I quit a job I hate to pursue entrepreneurship? Posted: 24 Oct 2020 04:24 AM PDT I (23M) started a job as a technician back in April towards the beginning of the pandemic and I've regretted it ever since. The company I work for is absolutely terrible and I want out. The company culture is toxic, techs deal with 60+ hours of physically exhausting work each week, the pay's not great, the company blatantly ignores safety regulations and forces workers to risk their lives for $16 an hour, and it's an all-travel job. So every week I have to travel out of town, sometimes for several weeks in a row with no days off. I rarely get weekends at home anymore. I hate this job. I have to actively convince myself not to quit every single day. I just feel so held back. I have no free time to pursue opportunities outside of this job. If I'm putting this much work into something I'd much rather it be toward building my own business rather than slaving away for someone else's. I used to have a few side hustles when I had a typical 9 to 5 job, but ever since the combo of this job and Covid hit me in April I haven't been able to keep them afloat. I have enough savings to comfortably live off of for 2 years (2.5 if I live super frugally) so I have a decent safety net. I'd hate to burn through it though as my original goal was to save during the pandemic and eventually start investing in real estate once things are more stable. So my conundrum is this: is it worth the risk to jump ship from this terrible company and go all in on my own businesses, or should I play it safe and stick with a long term plan of continually saving and investing over time? If this information is useful, my previous side hustles were podcast and audiobook editing/mastering, social media video editing for a few small companies, and an outdoor inflatable movie screen rental-type business. A friend and I have also been considering starting a podcast production company, and I've been working on an ebook sporadically for the year. I'd love to be able to go all in on these ventures, but I can't while I'm at this job. So what would you do in my shoes? [link] [comments]  |
| How to create a product that people actually use: A Minecraft case study Posted: 24 Oct 2020 07:49 AM PDT Minecraft's design really fascinates me. I think there are a lot of lessons on engagement we can learn from it. The game looks so simple on the surface, but it's architected in such a brilliant way. It's no luck that it's the most popular game of all time, even through they barely spent anything on marketing. To understand the psychology behind the game, I have used the Hook Model developed by Nir Eyal as a framework. It's a model in 4 steps that helps you understand why some products hook people in and create habits that integrate it in their lifestyles. 1. TRIGGEREvery habit starts with a trigger that initiates the action.There are 2 types of triggers: external and internal. EXTERNALThese triggers come from your environment. For Minecraft, the strongest external trigger is YouTube. Since the beginning, the creators of Minecraft encouraged fans to put videos on YouTube and that helped growth a lot. It's partly why it's the most popular game on the platform until this day. Vu Bui, their chief operating officer, told the Guardian: "We've essentially outsourced YouTube videos to a community of millions of people, and what they come up with is more creative than anything we could make ourselves." INTERNALThese triggers come from the users themselves. It's when they are making mental associations with the product, they tie it to an emotion. Here, negative emotions are strong triggers, because we want to get rid of them, so they will push us to act. Minecraft like many other forms of entertainment relies on the trigger of boredom. The game is interesting, it's intrinsically fun to play and there is always something new to interact with or create. It's a bit similar to Instagram and YouTube that have endless feeds of new content to make sure you are never bored. Loneliness is another internal trigger for Minecraft. The game is social, it's built around their community. People love sharing and connecting with other players. Friends can invite you to play, you can chat with them, see what they are building and collaborate together. 2. SIMPLE ACTIONWhen you design an experience, you want users to make a certain action, but the key here is to make that first action as simple and easy as possible. According to Nir Eyal, "the simpler you can make the action, the more likely it is to occur." For Minecraft, it's simply starting the game. If you are invited by a friend, you can join their world in a click, and if you want to create your own, it's matter of seconds. You pick the mode you want to play and from there you do whatever you want. There is no real goal in Minecraft, so you are the one setting your goals. It means you can play only 10min if you wanted to or spend hours on it. 3. VARIABLE REWARDActivity level is a function of how soon the participant expects a reward to occur. So if you know something interesting is about to happen soon, you will play harder. On the opposite, if you leveled up recently and have to collect thousands of points before you can do it again, you will be a bit less active because your motivation will be lower. Randomness maintains the player's interest longer and makes them more consistent. They don't know exactly when the reward will come, but they know it roughly based on their previous experience. If the reward is interesting, there is always a reason to continue playing. That's why Minecraft has this element of variability. In every game, you land in a new random map and each map has unique resources, some of which are rare and difficult to find, so playing becomes like an exciting exploration. 4. INVESTMENTNow that you have triggered your users to take actions and you made them happy with rewards, what is the 'bit of work' they can do to increase the likelihood of coming back? In Minecraft, after you played the game, you have more reasons to come back because you now have the world you created waiting for you. Maybe you build a structure that is unfinished, or you customized your character with skin packs and you want to show it to your friends. The point is that you left something in Minecraft, you have invested part of yourself into it and personalized the game experience to make it yours. Next time the player sees a trigger for Minecraft, they will be even more willing to play the game. The cycle continues. Hope you enjoyed my analysis! Let me know if you have any questions! [link] [comments]  |
| Posted: 24 Oct 2020 06:35 AM PDT Looking for either a good platform, but we could do this in house. [link] [comments]  |
| I Need practical suggestions on how to create CTAs and creatives for drawing email subscribers Posted: 24 Oct 2020 06:01 AM PDT My blog is themoviejunkie.com It is hosted on the Wix platform. I post every weekend (2 reviews) I share the link here on Reddit, Tumblr, Ello, Quora (Spaces), and Twitter. Also, post the same review on Letterboxd and Metacritic Barely have 30 subscribers, including the people who contribute to my blog. Using a list of free streaming sites with detailed ratings and explanations packaged into a poster pdf as a download freebie in exchange for their email address. [link] [comments]  |
| Following the 2 Minute Rule Allowed Me To Eliminate Procrastinating On My Habits Posted: 24 Oct 2020 09:22 AM PDT I've been feeling like I've had been falling prey to procrastination so much more than I would like until I came across this extremely practical concept called the 2 Minute Rule. No matter what's going on in your day, if there is a habit that you are trying to stick to, you need to have a 2 minute version of it that you can rely on. The 2 Minute Rule was first mentioned in David Allen's legendary book Getting Things Done and then popularized by James Clear, who wrote Atomic Habits. It's perhaps the most realistic hack to managing habits that I've come across. For every positive activity that you are doing, try to have a 2 minute version of it.
I highly recommend you try this out. I explain this further here - https://www.youtube.com/watch?v=xq2dQyTlyYk Once you start incorporating small versions of your habits into your life, I can assure you that procrastination will gradually start to slip away. [link] [comments]  |
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