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    Tuesday, October 13, 2020

    How I started a 6 figure remote startup as a high school student in Africa small business

    How I started a 6 figure remote startup as a high school student in Africa small business


    How I started a 6 figure remote startup as a high school student in Africa

    Posted: 12 Oct 2020 10:39 AM PDT

    Hi guys! I'm thrilled to have sold my startup so I thought I'd write up a post to talk about my startup journey summarizing how I started, scaled, and sold my startup, as well as some lessons learned.

    Let's dive right in.

    ## Backstory - $4000 Selling Virtual Items

    It all started back in high school in 2013 when I used to spend a lot of my time playing a game called TF2.

    TF2 allowed users to buy virtual cosmetics for their characters. These items were expensive and in high demand as players would often spend hundreds of dollars on them to make their characters look good. For the same reason people spend thousands of dollars on nice clothes, these gamers were willing to spend handsomely to make their characters look nice.

    Naturally, I was spending enough time playing this game to want to get some cool clothes and hats for my online character. Thankfully, Steam, the platform where you can play this game, allows players to trade these in-game items between their accounts, so I decided to give that a go. I started with an item worth a few cents and searched for players who had duplicate items to trade with to turn a small profit.

    My 5 cent item for their 6 cent item (that they had two of).

    My 8 cent item for their 10 cent item.

    Slowly, as I started building up in-game currency, I started buying multiple items at once at a slight discount and spent hours selling them one by one for their full price. It was grueling work - several hours just to end up making less than a dollar.

    I spent ~3 hours a day looking for traders, negotiating, and trading. Despite my parents' pleas to stop wasting so much time, I continued because I saw the potential this had once I could scale it up. After a few months, I had *a few hundred dollars worth* of items.

    The in-game currency could be traded for real money, so I cashed out the few hundred dollars of in-game currency to my Paypal account. I then started targeting people who quit the game and had a lot of items that they could not sell quickly. I'd buy all their items for 60% of their value in Paypal $, take my time selling it for 80–90% of the value, cash out to Paypal, then rinse and repeat.

    After another 5 months of consistently using this strategy, **I ended up with $4000**. While I was proud of it, the game saw a drop-off of players and I began to lose interest so I decided to start looking for something new.

    ## The Idea - Validation & Investment

    One day, I was talking to a few game developer friends who were complaining about how hard it was to get their games on large PC platforms like Steam. These were people who developed games in their free time and were finding it difficult to get them on Steam to sell them.

    At the time, Steam required developers to go through a process that involved putting their game on a platform called Greenlight where you needed to get many users to vote on your game and state that they would consider buying it. If it generated enough interest, (usually several hundred to a few thousand votes) Steam would "Greenlight it" and accept it into the Steam store.

    I decided to try to see if I can help these small developers with their marketing and getting them on platforms like Steam to sell their games. I planned to do this by first growing an audience through free game giveaways whom I could ask to vote on certain games in order to greenlight them and get them accepted to the Steam store.

    Thus, UltraShock Gaming was born.

    The first thing I needed was an audience to advertise to. I already had a bit of an audience from my YouTube Channel, but I wanted other forms of social media to create my giveaways, so I made a steam group (similar to a Facebook page but on the Steam platform) as I determined this to have better reach for gamers than traditional social media. After this, I started reaching out to developers who had games on Steam to ask if they wanted to send me some copies of their game to give away. It was a win-win situation; they got free advertising through me showcasing their game and I was growing my steam group through the giveaways.

    I would post a giveaway, ask my audience to just comment anything to enter, randomly pick winners when it concluded, and distribute the games to them.

    I kept these giveaways free, consistent, and high quality (good games that people wanted) to grow as quickly as possible. My Steam group started growing from 1 member, to 100, 1000, and then around 40,000 members several months later. Who knew people loved free games?

    As a result of the growth, I decided to acquire a few other Steam groups to expand my reach with the initial $4000 I earned trading TF2 items in the beginning. This quickly grew my audience to a combined reach of 500,000 gamers across all my groups.

    I then started Twitter & Facebook pages to continue to promote giveaways, specifically those we ran through gleam that required users to perform certain actions to join giveaways.

    ## Scaling Up - Hiring, delegating, & growing

    Before I knew it, I was managing five steam groups totaling 500,000 members and their respective giveaways, social media giveaways, finding game developers and emailing them for games to giveaway, and running other day to day operations. I was overwhelmed with work, so I decided to hire several interns to help out.

    These interns helped me:

    - Collect emails of game developers, so I could email & ask for games to giveaway

    - Post giveaways and award prizes to winners

    - Enforce steam group rules and clean up spam

    Interns would first compile a list of game developers who had their game on Steam, whom I would then email to ask for copies of their game to giveaway. I'd then send those copies to my interns, who would post giveaways, moderate them, and award winners with games across all the groups/social media.

    Keep in mind that up to this point (~1 year of running the business), **I've made a total of $0 from the business**. I wanted to focus on providing value, growing my user base, and building credibility before I worried about the business model.

    This is when I began to charge for services. I kept doing free giveaways for willing developers but at the same time, started to include advertisements embedded at the bottom of the giveaways.

    These advertisements would contain one of the following:

    1. Ads showcasing gaming companies or Youtubers who wanted to drive more traffic to their sites. We charged $500-3000 for this service.

    2. Games that we wanted to get greenlit (get enough votes on greenlight to get onto the Steam store). We would charge a $500 flat fee to do this and it typically only took advertising the game on a 1-3 giveaways.

    3. Games that we wanted to publish (get greenlit and help the developer with marketing and beta testing). We would sign a royalty based contract with the developer that would give us 15-30% of their profits.

    4. Ads for our twitch channel whenever we were live (I paid a streamer to stream, hold giveaways a few times an hour, and collect donations). Donations generated ~$400 per month and we would split this with the streamer.

    **Keep in mind that these advertisements were completely free since we owned the distribution channel (Steam groups), which meant ~0 cost to post.**

    ## Organizational Structure

    As I started to make money and the work increased, since I now needed to start contacting gaming companies and game developers to start pitching our services to them, I realized I needed a more efficient organizational structure.

    I worked with my dad, a CPA, to restructure the organization and company processes, as well as incorporate the business as an LLC.

    For restructuring the organization, I hired 5 individuals part-time (from all around the world) to each manage one of our Steam groups and oversee the moderators (interns) for each group, group growth, and engagement. Each group was given the autonomy to operate as a separate entity, contact developers, and run their own giveaways.

    I then set some goals and bonuses revolving around group activity metrics like engagement and member count so there was some healthy competition between my group managers. We used Discord & Bitrix for communication, managing leads, & tracking progress. I also held weekly status meetings with these group managers to discuss how things were going and address any issues that arose.

    The five group managers also had five interns that reported to them.

    - **Giveaway Moderator:** moderated giveaways, picked winners, and distributed games

    - **Group & Chat Moderator**: Cleaned up any spam and banned members who broke community rules

    - **Business Development Intern**: contacted game developers to pitch our services

    - **Beta Tester**: Played games that we agreed to publish before release to identify bugs and give feedback

    - **Game Reviewer**: Write and post game reviews on our curator page

    I also had a graphic designer for custom promotional images, a video editor to make game trailers, and a CFO (my dad) who helped with back office operations.

    ## Revenue Breakdown

    As mentioned, our first year was focused on growth and we did $0 in revenue because I spent the year building and acquiring Steam groups, providing value, and establishing my brand.

    The second year, when I started charging for services, we did around $15,000 in revenue and approximately $12,000 of that was profit.

    The revenue was split in the following way:

    - Advertising for gaming companies & influencers - $9000

    - Royalty contracts with developers - $3000

    - Greenlight flat fee deals - $2000

    - Twitch streaming - $1000

    At the end of the second year, we had built a substantial follower base: 20k on Twitch, 30k on Facebook, 80k on Twitter, $130k email newsletter, and 700k on Steam.

    This is when I made the biggest mistake of my startup career.

    ## The $90k Mistake & Startup Sale

    I lost interest in the startup and gaming industry as a whole around this time, and it was also around when I graduated high school and moved to the US for college.

    At this point, the startup was worth ~$100k and I started thinking of selling it. Instead, I kept the startup sitting for another 3 years - doing the bare minimum while I watched as my communities lost users and the activity plummeted.

    I just couldn't bring myself to sell it.

    Every time I thought about selling, I would remember all the blood, sweat, and tears I put into it over the first two years, and I would think, "I should keep it since I'll bring it back to its former glory some day". Spoiler alert - that never happened.

    In August of 2020, I decided enough was enough, and moved forward with listing my startup on MicroAcquire at a fraction of the price I could have gotten. I got 22 requests from interested buyers, 7 of whom were serious and I had discussions with, and after a lot of back and forth, **I ended up selling the business to two separate buyers for $10,000 a month later**.

    ## Key Takeaway - You can do it too

    If a student with no business background could start and run a semi-successful startup with no resources in a developing country, you can definitely run a startup (or do anything else you want).

    There will always be some sacrifices - it's up to you if you think it's worth it.

    My typical schedule during weekdays of my senior year of high school was go to school, come back at 5pm, get homework done in 1-2 hours, then spend 6pm to midnight working on the business. On weekends, I'd likely spend 10 hours a day on it. My social life suffered for a year but I was able to make it work, and if I had to do it again, I would in a heartbeat.

    I learned so much from running this business. I learned how to manage people, how to be consistent (and what happens if you're not), how to pitch to clients, how to draft and sign contracts, how to build an audience/brand, and so many more things. Things that I would have never learned from a book.

    So go out, create your own path, and don't listen to people who say you need to do X to start a business (or to do whatever you want to do), especially if you're still a student when risks are low.

    Just do it.

    *Thanks for reading! If you have any questions or thoughts about the article, feel free to comment or DM!*

    submitted by /u/Nutlope
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    The best websites builders. How to choose?

    Posted: 13 Oct 2020 04:10 AM PDT

    I would say, website builders are more or less similar in terms of templates and pricing packages. You should be looking more into how you find the usability and what features you need if you want to generate leads, convert them to sales, remarket, reach out via email, etc.

    If you are looking for an all-in-one affordable solution, I would recommend Kickpages. Its lower-end package offers enough pages, templates and domains to satisfy my client's and my needs.

    I would not recommend Wordpress unless you have a clear idea of all the functions you'll need and how much extra plugins and developers' work will cost you.

    Good luck with choosing the best one for you!

    submitted by /u/cordiecherry
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    Best registered agent for LLC & small businesses

    Posted: 12 Oct 2020 11:10 PM PDT

    Hey guys, anyone here who can vouch for the best registered agent for LLC you've tried yourself? I need an agent/service provider with a quick turnaround time and I can transact with smoothly online. Cheap rates are a bonus too. Thanks!

    submitted by /u/jazzibellefront
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    Reporter seeking sources whose identities have been stolen for SBA loans

    Posted: 12 Oct 2020 08:44 AM PDT

    My name is Claire Goforth and I'm a reporter with the Daily Dot working on a story about rampant fraud in the SBA's PPP and EIDL programs. I'd like to speak with anyone whose identity has been stolen (successfully or not) for an SBA loan. DM me if you'd like to talk. I can keep your identity confidential.

    EDIT: Since several are questioning whether I am who I say, please see: https://twitter.com/clairenjax/status/1315731610411687937?s=20.

    submitted by /u/swampturkey8
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    Starting tips

    Posted: 12 Oct 2020 08:46 AM PDT

    Hi,

    I've just started a weaving etsy based business (doing it inbetween my university work) so just looking for tips on how to reach a wider audience. Already on Facebook and Instagram but just started last week so its a bit slow.

    submitted by /u/SnooSquirrels9173
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    Collections letter for closed small business. Am I personally liable?

    Posted: 12 Oct 2020 06:05 AM PDT

    I received a letter from a collections agency that the IRS sold them a debt on an old LLC I had in 2016. The original amount owed is about $4,000 but has ballooned up to $19,000. The letterhead and everything are from a private collections agency that bought the debt.

    I recently cleaned up my credit and had some outstanding tax bills from those years and have paid them off 100%—but all of those things were in my name and my personal liability. Getting this letter is kind of a gut punch. I suspect if I paid my accountant to re-run everything that this debt is probably actually invalid. I paid the IRS directly already on the 2016 outstanding taxes and they are now, finally, happy. There was a lot of the right hand not talking to the left with cleaning all of this up, and I truly suspect that this is an oversight. They went through my earnings for that year and I have paid everything. I want to wash my hands of this.

    Since this is addressed and only mentions the LLC by name, am I looking at just letting them know the business is no longer active? The last four of the account correspond with the old business EIN, not my personal social. I don't care about a defunct business credit report. The IRS is whole. I can sleep at night knowing a collection agency will lose out on one account out of thousands they likely purchased in bulk.

    Any experience or suggestions would be appreciated! Thanks, folks.

    submitted by /u/oldbusinessdebtq
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    What is considered reasonable salary for a developer/ceo for a small tech company?

    Posted: 13 Oct 2020 12:30 AM PDT

    I have mainly heard two things and that is either a regular salary or what most people say is 20% of the businesses yearly revenue.

    But when you look up the tax code(in the us) it states that it has to be reasonable salary?

    So what if I'm the ceo, dev, designer, marketer, IT, and HR? Do I pay myself for all those salaries?

    submitted by /u/uptiie
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    i’m in a pickle. i need a usps or UPS box as a permanent address for a few months

    Posted: 13 Oct 2020 12:10 AM PDT

    long story short my roommate just threatened me and abused me and i left my apartment abruptly. he didn't even give me my $$ rent or security deposit back. but anyway! i'm going to be staying with my family in a different state for a few months while i figure this out. can i change my permanent address to a ups mailbox? and the go on usps and have my mail all forwarded to that mailbox? i don't want to use usps P.o. box cause i hear it doesn't appear as a residential address. i just need literally all my mail to NOT go to my (now former) apartment because that guy will trash my mail.

    submitted by /u/extremelyanxious
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    Questions about starting a business under the food cottage law

    Posted: 12 Oct 2020 05:51 PM PDT

    Hello all,

    I hope everyone is doing well. I have been toying with the idea of starting a small trial run of selling homemade granola under the NY food cottage law, but I have a few questions about the law itself as well as some business questions. I've tried contacting my state's Home Processor Registration team, but I haven't heard anything yet.
    NY cottage food law guidelines: https://agriculture.ny.gov/food-safety/home-processing
    Sorry for my lack of knowledge

    Business questions:
    1. Do I need to register an LLC or can I be self-employed? I know an LLC will protect my assets but I don't have any assets.

    1. If I do go the self-employment route, how do taxes work? I think I heard something about having to pay social security and medicare as an employee and an employer? Also, I'm assuming I have to do sales tax as well? When and where do I pay all of this?

    Cottage food law questions:
    1. Is a business registration required for the cottage food law? On the label example, they include the company name so I'm not sure if it's required.

    1. In NY we can sell our food online, but I don't see anything saying that food must be delivered by me. Although I know that's true in other states. Can I ship my food within NY state?

    2. In the future can I hire people to help me? Do they have to come to cook in my kitchen or can they cook from their own kitchen? I also assume that I'd have to register the business in order to hire people, but that's a really long way away, just curious.

    submitted by /u/rikuto148
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    Document storage and customer portal with individual logins

    Posted: 12 Oct 2020 07:23 PM PDT

    Hey all. I'm looking for a service where I can upload presentations for clients in a PDF format that lets them view them as a report online or download it. I already have a way to give each client a file securely, but I'm looking for a portal that each person can have their own sign-in. Here are the features I'm looking for.

    - Individual secure logins. I'm able to send a client a link to register, and the service takes care of authentications, password resets, etc.

    - View current and past PDF presents. I expect to have 4-5 per client per year. The default should be to view the PDF as a presentation, but of course they can download the file also.

    - Don't need a huge amount of storage space.

    - Budget of up to $50/month.

    - Bonus is if it can be integrated into a Wordpress website easily.

    Appreciate any help in advance! Thanks!

    submitted by /u/mydarkerside
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    Ways A Yoga Teacher-Training Program Will Make You A Better Teacher

    Posted: 12 Oct 2020 10:56 PM PDT

    The road to becoming a successful yoga teacher is very broad. Although there could be some form of huddles or discouragement, which in most cases might be stirred up by you once you are focused on getting there, you will definitely make it through. Joining a powerful and very effective yoga teacher-training program will make you achieve your dreams of becoming a better yoga teacher faster. Even after you become a yoga teacher, attending a yoga teacher-training class will still benefit you. Here are some of those benefits.

    1. You will discover who you are as a teacher

    Have you taught 200-hours and 500-hours classes before? Well, you will agree with me that it is quite a long time. However, the benefit of attending a teacher-training program is that the mentor, which will be given to you, will focus more on your strengths and weaknesses. This is very important to you as a teacher so that you can grow as well as develop your own unique talents. You are going to be asked some technical questions to help the teacher to identify where you have been missing the mark. It will also bring out the best in you, which will also reflect in your students.

    1. You will develop exception leadership abilities

    It is very important for you to possess and display exceptional leadership abilities as a yoga teacher. It is not easy for you to own a room or control a group of people. However, many teachers lack confidence. Some teachers do not even have the confidence to tell their students "No, not in my class or not the way." Confidence is important if you want to succeed as a yoga teacher. In addition, the program will also make you put yourself in a position that your students will start taking you seriously. Even when you correct your students, in order for them not to get angry or react, although this is rare, you will also learn more about that.

    1. Learn to pay more attention to whatever you do or say in class

    If you are going to say anything in class, make sure that it is something you are very certain about. You should also know why you are saying it. For instance there no one-size-fits-all when as long as it concerns the alignment of the pose. Many people just say things without even knowing what they said or after effect, it will create. You can even lose your respect when you say things that are out of lace often.

    There are many benefits to attending a teacher-training program. You may have the opportunity as you meet with highly experienced yoga instructors who may eventually become your mentor as you create a career for yourself as a yoga teacher.

    You can join us for 200-hour yoga teacher training in Rishikesh We have one of the best teachers in the country that will give you the best.

    submitted by /u/yogaintouch
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    Everyone's Favorite.. Cold Calling!

    Posted: 12 Oct 2020 09:21 PM PDT

    Hi Guys,

    I am a new captive insurance agent in California, and I intend on working with small businesses helping them with insurance. Now my question is to you guys, what do you prefer?!

    Currently, right now I am leveraging my referral network but that is slow and I want to be more "active" so I was thinking about picking a niche for example like restaurants and doing some background research on their business. I would than show up as I believe it will produce better results than phone/email and ask to speak to the owner/manager introduce myself and ask when we could schedule a time for me to review over their policy.

    So I guess my is to you small business owners, when it comes to insurance

    Would you prefer me cold emailing/calling, or a set up in person?

    What tends to be your biggest concern when it comes to insurance?

    Do you prefer an advisor, as in I come back to you with a plan to help reduce your risk/premium moving forwards in the future or would you rather your agent not check in?

    Also, I tend to feel bad during these times right now with most businesses being slow I usually end up purchasing something before I ask to speak to the owner when they are owner ran. Do you see me as fake, or do you appreciate the gesture?

    submitted by /u/mickeymind
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    Create an LLC this year, or wait until next year?

    Posted: 12 Oct 2020 05:02 PM PDT

    I basically got laid off from a full time software dev job back in May. Been doing a few odd ball contract software jobs here and there but nothing too concrete. I was going to start an LLC (sole proprietor) next year and have everyone send payments to that instead of me, mostly for liability reasons.

    But I got to thinking, if I founded the LLC in this year, would I be able to qualify for any covid related "freebies"? And by that I mean tax breaks or things like that? I'm not even sure how to check. I guess put another way, would it be beneficial when I file my taxes next year if I did it under an LLC or under my own name. I'm thinking not, but figured I'd ask. Not trying to scam anything, been living off of savings since May, and well.. I could use a break.

    submitted by /u/oldersam
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    Starting a solar array installation business

    Posted: 12 Oct 2020 08:38 PM PDT

    Hi guys, I'm from Ohio and I currently went through the steps to obtain my LLC and EIN. I have a lot of ideas on how I'll run my business once it's going, but I'm a little stuck when it comes to getting off the ground. Could anyone give me advice on how to go about getting the funds for tools and equipment? I believe this is a logical next step but I know practically nothing about grants or loans (or other options) when it comes to starting a business. Any advice would be greatly appreciated.

    submitted by /u/MrMaroon001
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    How do you count customers?

    Posted: 12 Oct 2020 08:22 PM PDT

    It's getting harder to keep track of how many customers are in my store. It's two floors and we can have 25 people per the Covid guidelines of my state. How do you all do it? Thinking about maybe getting one of this customer trackers, but don't know where to start.

    submitted by /u/makerof-themountains
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    Have the chance to buy Business from family member, should I do it?

    Posted: 12 Oct 2020 04:07 PM PDT

    My uncle is a millionaire and owns several small businesses. He does a little bit of everything. He mainly owns a Accounting firm and a couple franchises. The rest of his time he spends real estate investing and buying small business(300k-500k).

    He probably makes around 900k yearly and is hands off mostly with all his business. He also has owned a pizza shop(they mainly sell pizza and bbq wings) for 2 years now. This was an existing business. He wants to sell it to me for 325k, the business makes 100k net profit. My uncle is completely hands off with the business and only spends average 5 hours a week on the phone with the manager. The business has 3 employees. The business doesn't do much marketing, I feel thats one way I can improve the business. My uncle also hasn't made a good website for the shop either. So those are two things that I can immediately change. The business is growing every year and in very good location.

    I'm 20 and he wants to sell it to me immediately after graduating. I still have 8 months left. I'm getting a Accounting degree and have looked over the balance sheet myself and nothing looks fishy. The business has no debt and I also looked at bank statements to confirm the profits. I will also get the companies financials looked at by a CPA.

    I currently have 20k saved up, I would ideally put 5% down and my uncle would finance the rest. Since the business is mostly hands off, I would like to spend the rest of my time with real estate investing and other business opportunities. Eventually I want to own several businesses.

    My goals are to become a business owner just like my uncle and owning this pizza shop would be a great first step. My uncle said he would also help me with the transition and help me through the process. The deal seems very good, and I know that their are a lot of wise people in this sub and just wanted to get your guys opinion.

    submitted by /u/217wave
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    new venture about to release first product. Guidance needed

    Posted: 12 Oct 2020 03:13 PM PDT

    Hey all. so im a 23 year old software developer, and i have been dying to release my first product. but i have alot of concerns and i would like reddit to take a look at it, so i can get some objectivity.

    I used to hate social technology and software designed for the sole purpose of connecting people, since i believed that software was a gaming, data, machine learning etc etc.

    I then graduate my school in 2018 and i start working for a company that designs apps and stuff for other people. and i started to see the idea behind software helping with daily tasks. like showing your friends some pictures you have taken, or maybe want to type a small text about your day for your friends to see.

    This sort of shifted how i look at technology, its sort of like "tools in your belt". you want to go from A to B? Uber is here to help you. You wanna go to vegas and have a nice weekend. AirBnB got you covered with rooms you can rent.

    Now i have been working at this company for quite some time, but in 2020 when corona struck i took a package to leave work, and get a few bucks in the process with the hope of creating something to help the everyday person.

    I have created a app that is designed around social gatherings, since i feel this would be applied nicely in bigger cities. cause when i left school it was very hard to keep up with my friends, and i started almost exclusively hanging out with my co workers. so widening my social circle was hard, cause when i met new people schedules would clash etc etc.

    So the idea is that with a click of a button you get afternoon plans on demand, that are tailored to your interest. But i ran into the problem of, how can i make this product grow organically. since it requires a active userbase to grow organically, so how i wanted to fix this, is through a lockdown. where you can download the app, but not really use the core function for the first 10 days (these 10 days are global).

    I want to use these 10 days to gather a active userbase, but does anyone have expirence with google adds? i am creating the commercials atm, but i want to widen my understanding of google adds. since after my research i concluded they would be best suited to hit most people with different interests.

    A big problem i also ran into is money. I need to gather 4k somehow, and i dont know what would be a smart way to do so. Since its just a idea atm and havent gone into being a business, getting a VC on board is out of the question. but would a bank loan work? or is credit more sufficient.

    I hope some of you can share some wisdom, cause i believe just like Uber solved a great problem with transportation. i hope to solved the problem about loneliness, having trouble finding people to hang out with, or simply just taking the boring planing of a event out of the equation. why not let technology handle those everyday problems. Since being alone should be a choise, never cause you cant find anybody to have a great time with.

    This was a rather long post and my english is a little subpar. if you made it to the end, thank you and have a nice day!

    submitted by /u/Johannes_Andersen
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    I tried my best to use social media to get some business but failed, what i did wrong?

    Posted: 12 Oct 2020 12:22 PM PDT

    I started by business, tried several ways to get popularity, used social media, shared my products but i didn't get any good response or profit, Now i am trying to figure out where i went wrong, what should have i done?

    submitted by /u/AndrewCooper55
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    Paying my supplier

    Posted: 12 Oct 2020 05:57 PM PDT

    I am buying from a supplier from the first time (UK-UK).

    Should I complete this via bank transfer? Or is this unsafe. I think they are a real firm, but what is to stop them ripping me off.

    submitted by /u/Jonathan_____
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    How to promote a niche business to home owners

    Posted: 12 Oct 2020 05:40 PM PDT

    My idea of a business isn't a typical service people order but I think would be appreciated by many. How can I promote this business to home owners in my area? What is the best way to go about it?

    submitted by /u/eurojdm
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    Warehouse/inventory management for small solar energy company.

    Posted: 12 Oct 2020 01:45 PM PDT

    Hi, I work for a small solar energy installer and I am looking for suggestions regarding good inventory management systems. Right now, we don't have a database or anything that shows what material we have and the quantity. If we need more stock items, my operations manager has to see it in person and have me order more. So basically it would be nice to maybe have a scanner and database system where our workers can input how much material is taken or added so we can keep track of that easily. Also something that we can set a minimum quantity level so we can be alerted when stock is low. Also, separate from our usual stock (electrical components, extra material, etc), we order specific quantitates of material (modules, racking, inverters, etc) for our projects which is kept in a separate area until it's ready to be grabbed. If anyone can suggest a good way to track all of this, that would be great. Also since we are a small company, we don't need something complex or expensive.

    I don't know a lot about inventory/warehouse management, but since I deal with ordering material and general inventory stuff, it would be nice to have better control over everything. I am new to this subreddit, so if I broke a rule or etiquette, please let me know.

    submitted by /u/lol_pooping_at_work
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    How to package pet ID tags for shipping?

    Posted: 12 Oct 2020 09:20 AM PDT

    I'm starting a business selling pet ID tags through Etsy. I've been looking through all the supplies I'll need to determine pricing and for the life of me I cannot figure out a good way to package these items for shipment.

    My first thought was to send them in envelopes since they shouldn't weigh more than an ounce and will barely add to the width. However, there's no way to track envelopes that I know of and I'm not sure if you're allowed to send non-paper items in an envelope.

    My other thought was tiny cardboard boxes and use the shipping labels provided through Etsy. That way I can have tracking and it'll probably be a bit more fun for the customer to open. However, the packaging itself would cost more, along with the increased shipping cost.

    So, does anybody have thoughts on what would be the most effective way to ship out these pet ID tags? For reference, they are 1 1/8" in diameter and would weigh less than an ounce. Aside from the envelope/box, I would want to have some kind of cute packaging on the inside as well.

    submitted by /u/dinosandbeans
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    Staying On After Selling Out

    Posted: 12 Oct 2020 12:58 PM PDT

    Has anyone had experience with staying with their company after a merger or acquisition by a larger company? We're starting to look at a merger that would retain most of our employees, including myself, and eliminate some redundancies through retirements.

    We're a very small (<10 employees) company being bought by a larger (<25 employee) company.

    submitted by /u/electric_ranger
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    My partner isn't working as he should be. I do almost all the work...

    Posted: 12 Oct 2020 12:34 PM PDT

    RANT! So, i have a small business with a friend. 'We' do a bit of everything in IT, from websites to full solutions webapps and hosting. I quoted 'we' because it's mostly me. We agreed at the beginning of everything that we would split the revenue in halve so each person get's an equal amount.

    I think that's where it went wrong. I do most of the work like setting up te servers and maintaining them, talking to clients, fixing problems in the weekends, following up everything and that all after my work hours. It's a side business so when i'm done from work i start with the todo's that needs to be done.

    I'll give an example of his contribution. A site needed some styling fixes and he would do it so i gave the ticket a due date 1 week from then (more than enough time). 2 weeks after the due date has expired, some points were still not done. So like always i did the rest because otherwise it would sit there for another 4 weeks or so.

    Another example, we would launch a webapp 3 months ago, as usual, couldn't launch because his work still isn't done. it is now 2 months further and it still isn't done! Always excuses, 'i'll do it in the weekend', when it's weekend, oh i forgot my laptop. It's so predictable. And i see him always online on Discord in the evening playing games.

    I have the feeling that he thinks that he get's half the money even when he does nothing or close to nothing. Quick sidenote, we are 2 seperate entities that work together, all the invoices go through me and i pay him.

    I'm at the point where i don't have the motivation to work because i need to do all of it and get half the revenue. It's all on my shoulders. Clients call me with questions, small complaints,... .

    I did some waking up calls but i think it didn't arrive. What should i do?

    TLDR; Partner expects 50% of the revenue but doesn't do at least 20% of the work. I'm tired of it. what should i do?

    submitted by /u/Professional_Rise943
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