My business is becoming my life, now I get constant anxiety and stress. small business |
- My business is becoming my life, now I get constant anxiety and stress.
- New small business must have check list
- Google isn’t letting me verify my business because I’m in an office building and can only receive mail from the P.O. Box given through the building owners.
- Help with customer that is not paying after completing the service
- Just designed a product. Now what?
- Tips on starting out strong?
- Looking to start a small business next year but now economic downturn has me nervous...
- Do contractors have no sense of humor?
- Import/Export service company need help!!
- Selling a business with a website on Wix. Any idea how to do it right?
- Question: patenting an unpatented product
- ERPNext - Open Source ERP for Everyone
- Is there anyone who had tried public speaking to get more attention to their business or if someone is planning to do it? What's holding you back from doing it?
- Small businesses seem able to save twofold by not paying taxes on revenue and also getting tax deduction on personal expenses. Am I wrong?
- Potential logo ideas / looking for feedback
- Best Retirement Account for Freelancer/Single Member LLC
- Alternatives to QuickBooks?
- Is Bank Wiring payments acceptable for <$10k transactions?
- Bluevine 1% APY Business Checking Account
- Project Management Queries with Samples
- Cheapest freight forwarder
- Sole proprietorship loan for a barber?
- Starting discussion to join 2 person LLC
- Individual 401k Question.
| My business is becoming my life, now I get constant anxiety and stress. Posted: 27 Oct 2020 03:05 AM PDT So I've been running this little business of mine for around 3 years now. Its a little mix of retail and e-commerce where customers could purchase from my place or they could make an order online. I didn't think or feel much about it at first when I first started... But lately it's beginning to fully consume me. I find myself answering queries on social media and emails late into the night and I am constantly afraid that someone might give my business a bad review. My business right now has a lot fo good reviews and is highly rated. I always give my all for everything and strive to go above and beyond for every customer. Maybe it's passion but I'm starting to think I am driven by fear. I am afraid that ill get a bad review or lose a customer if I don't give it my 110% and it's starting to wear me out. I work very personally with my customers so im starting to take every bad review and negative feedback personally. I thought it's starting to affect my mood and my personal life, but I realized that I have none. My life has been fully consumed by this business for the past 3 years. It's doing well and I don't know if it's normal or not. I have thought of shutting down an cashing out but I've been told by my family and friends that it is insane and stupid to shut down a profitable business. Is this normal for you guys? Does the feeling of anxiety ever end? [link] [comments]  |
| New small business must have check list Posted: 26 Oct 2020 06:44 PM PDT I am starting my first small business and I'm gathering lots of info online but I was curious if any of you had a small business check list of must do's for your first year in order to set you up for maximum success ? [link] [comments]  |
| Posted: 26 Oct 2020 06:28 AM PDT The P.O. Box is a few buildings over so if I verified there it would show the wrong address. What do I do? I tried the video call thing and then they were like ok we are gonna mail you the verification to confirm. So it didn't make any sense why they would video call. [link] [comments]  |
| Help with customer that is not paying after completing the service Posted: 26 Oct 2020 07:29 PM PDT Any other business owners have issues with customers that do not pay or are not being responsive after you have provided the service? What do you do? Any advice? Should I got to collections? I dont want to ruin the relationship with my customer/client. Any advice on how to avoid this in the future? I could ask for more upfront? [link] [comments]  |
| Just designed a product. Now what? Posted: 27 Oct 2020 02:50 AM PDT Hi guys, me and a group of others have designed a product. It's an innovative face mask. Just wanting some ideas on how to pitch this to government and healthcare agencies? Patents have finalised and certifications have just been approved. Thanks everyone! [link] [comments]  |
| Posted: 27 Oct 2020 05:03 AM PDT Hi, I am probably a month away from launching product to the public for the first time. I started up a manufacturing company ~4 months ago and have been working on it after my full time job almost every night/weekend since. I would like to grow a product line around gym equipment manufacturing (mainly things like racks, rigs, benches, weight storage, rack attachments) and then over time grow it into a wider range of equipment such as sectionalized machines. I've been involved in fitness for the last 8 years or so (just turned 24) and think I have a really good grasp on what protentional customers are looking for. I have a degree in mechanical engineering and a background in machining and fabrication so I have done all the design work on the equipment myself, built up a solid website, worked out shipping logistics, material sourcing, built a (decent?) business plan, and calculated all my net profits/expenses ect. I should throw out there that with the manufacturing process I will be using the profit/cost for this should be pretty solid even competing with major brands like Rogue or Cybex. I'm waiting on a couple pieces of manufacturing equipment to come in then I will be ready to go... I have also managed to do all this without taking out any loans and will be using a location for manufacturing that will be free, aside from electric. The aspect of all of this that I am somewhat "worried" about is probably the biggest one, marketing. I have mentioned this company to a few close friends and family and they all seem very interested in it and have mentioned they themselves would most likely purchase some equipment, this is great but I am more concerned about the second level of sales i.e. generating sales from people I don't know. I plan to run some ads on google, Facebook, and Instagram but does anyone else have any advice? As I said earlier my operating costs will be extremely low and I have no debt so I'm not really worried about making a lot of sales right off the bat to survive just that I try to move the sales growth in a steady direction. I should also say that I am open to taking this business in another direction and in fact I do plan on doing custom design work in the beginning for things outside of the gym equipment world for extra income I just think that I see myself as being more of a specialized product type of company rather than a custom fab shop but who knows. Any advice is welcome, thank you! [link] [comments]  |
| Looking to start a small business next year but now economic downturn has me nervous... Posted: 27 Oct 2020 04:58 AM PDT My wife and I are planning to start a new business next year. We initially were thinking an animal daycare/boarding situation but now the economy has me concerned. People are not going to be taking lots of vacations and boarding often, however the daycare portion might still be applicable if people are working more hours to make enough for the bills. Now we are thinking some other kind of business. What are some recession/depression proof businesses that won't be saturated by others looking for opportunity? I'm fine with competition just not a TON of it. We live in the Midwest and businesses are already difficult to start... [link] [comments]  |
| Do contractors have no sense of humor? Posted: 27 Oct 2020 04:22 AM PDT I work with digital marketing agency's for a living. Most every marketing agency I know is cold emailing. But how many are sending outrageous gifts? Last week I sent funny socks with hundred dollar bills on them and rolls of toilet paper with hundred dollar bills printed on it to 30 contractors through Amazon Prime as a gift. The package was addressed to the owners personally. The items were meant to fit into a theme of how we could run "outrageously profitable" digital marketing campaigns for them. I was sure that going offline when every other agency was pounding these contractors with cold email was genius. After all they likely had hundreds of emails coming in a day to their inbox and probably got very few packages. I thought it was sure to make them laugh and probably baffle them. I thought it would DEFINITELY get their attention. I did this last year with BBQ restaurant owners. I sent a roll of bacon printed duct tape the same way and followed up over email asking if they got it. The responses were hilarious (one guy said he made a pair of underpants out of them) and it worked really well and we got a lot of business and buzz from it (restaurants were posting about it on their Facebook pages). All the socks and toilet paper started getting delivered yesterday. The plan was the day they got delivered (Amazon notifies me when a package was delivered) I'd send them an email confirming they got them. Once they replied yes I would explain why I sent them with a brief pitch. For example, the first email was Subject Line: Socks Hi Tim! Did you get the socks I sent? Thanks (Name) The angle/theme of the pitch for the socks was "We will make you so much money you can wear it" and for the toilet paper it was going to be "We will make you so much money you can wipe with it" Unfortunately I never got to the pitch or got to tie in the item with the theme. That first email asking if they got it got some pretty nasty and pissed odd responses telling me I was weird, they threw them away, and to leave them alone. I guess my question to those of you that own contracting/home service businesses is - how can I get your attention? [link] [comments]  |
| Import/Export service company need help!! Posted: 27 Oct 2020 04:21 AM PDT After covid hits most of the jobs. I got into this new freight forwarding company. But to secure my new job I need some prospects. To get in touch with. How can I get some clients to send quotes to them? It will allow me to sustain this situations. Any response is appreciated. Thanks in advance [link] [comments]  |
| Selling a business with a website on Wix. Any idea how to do it right? Posted: 27 Oct 2020 03:48 AM PDT Hi Entrepreneurs, Around a year ago my partner and I started a business on Wix. I had experience in business management while she had experience in SEM, SEO, and overall knowledge of the market. So it looked like a good and easy idea to start. We created a Wix website (it supposed to be a temp solution), we found ourselves suppliers that have physical locations on all continents and can send our product all around the world. We finished SEO, website design, product designs, etc. After countless hours and a lot of investments, we only had 4 sales in a year that does not cover our work or investments. It was a fail because of our lack of focus. So we decided to sell the business, we even found a buyer. Getting to my point, I would like to close the deal without any issues for me and the buyer. But there are small things that need to be remembered in the selling process for example, CC details are not erasable until new CC details to pay for Wix subscription are added. TBH not even sure how to do the whole transaction as clear as possible. Is there anyone here who has experience in such things? All tips would be appreciated! Wish you all nothing but success! [link] [comments]  |
| Question: patenting an unpatented product Posted: 27 Oct 2020 03:33 AM PDT If I create a product and can't afford to patent it right away, is it possible someone with more resources takes my product, copies the design and patents it for themself? [link] [comments]  |
| ERPNext - Open Source ERP for Everyone Posted: 26 Oct 2020 10:37 PM PDT ERPNext is a modern, easy-to-use, free, business system used by more than three thousand enterprises. ERPNext has everything you need to run your business, and make it better. Everything IncludedERPNext includes all modules and integrations out of the box so you can get started immediately Financial AccountingThe heart of your business, everything flows through here. CRMEverything about your customers, stay in touch and keep them updated. InventoryWhat goes in, what comes out and where you can find it. SalesClosing a deal and ensuring that it is successfully fulfilled. PurchasingKeep track of purchases and stay on top of costs and budgets. ProjectsManage teams with multiple tasks, track time and costs. ManufacturingFrom Bill of Material to Work Orders and movement of stock. EducationManage students, classes, attendance, timetables, grades and fees. HealthcarePatient care with appointments, consultation and lab reports. E-CommerceWebsite listings, shopping cart, billing, payments and much more. WebsiteFully featured content management with blogs, web pages and forms. SupportEmail integrated ticketing system with threaded replies and assignments. [link] [comments]  |
| Posted: 26 Oct 2020 11:12 AM PDT |
| Posted: 26 Oct 2020 11:37 PM PDT Is it just me or does owning a small business open up unspoken opportunities for savings? What I'm noticing on how small business owners are able to save more of their money is twofold: 1. They get a tax deduction on personal expenses by claiming them as "business expenses." Goal seems to be to find as many "business expenses" to offset gross revenue. A lot of these end up being expenses that would have been spent for personal use anyway (meals, entertainment, new tv, supplies), but they are instead able to justify these personal expenditures as a "business expense" and get a tax deduction for it. So not only do you get to keep a majority of your revenue earned and not pay taxes on them, a lot of personal expenses also get a tax deduction under a small business as long as they are justified. To me, this seems very common. I'm not crazy, am I? [link] [comments]  |
| Potential logo ideas / looking for feedback Posted: 26 Oct 2020 11:33 PM PDT Hi all, I am trying to create a logo for when I launch my small/online business. Can I please get feedback :) [link] [comments]  |
| Best Retirement Account for Freelancer/Single Member LLC Posted: 26 Oct 2020 05:25 PM PDT Just wondering what people would recommend for a freelance model/single person LLC getting started working on retirement. Solo 401K? Traditional IRA? Gross under 100k/year. [link] [comments]  |
| Posted: 26 Oct 2020 09:07 AM PDT I have been using quickbooks to do the bookkeeping for my friend's small business. He does small projects for customers, such as maintenance repairs, painting, general stuff around the house. I am SO over quickbooks. It is so tedious to enter expenses and do estimates and invoices. There has to be an easier way. The program itself glitches all the time and is slow. I started working with the business a few months ago and he is pretty established on QuickBooks, but he's open to alternative programs if it makes sense to make the switch. It just seems like for how much we're paying for the program, it shouldn't suck so much. Don't even get my started on having to deal with customer service. It's impossible to get someone on the phone to help with anything. Does anyone use any other product or program for their bookkeeping needs? I'm open to any recommendations, even if it means having to backtrack and put everything from past years into a new program. [link] [comments]  |
| Is Bank Wiring payments acceptable for <$10k transactions? Posted: 26 Oct 2020 02:55 PM PDT I have not done a bank wire for business services before. Are they generally acceptable for smaller payments such as 5-10k? [link] [comments]  |
| Bluevine 1% APY Business Checking Account Posted: 26 Oct 2020 10:23 PM PDT Bluevine is offering the best interest rate I can find for a business checking/savings account (1%), however it appears to be a newer bank so I can't find much info about them (the info I can find is related to their lending), which makes me somewhat hesistant to open an account with them. As far as I can tell they're FDIC insured. Is there any reason to fear parking $250k with them? [link] [comments]  |
| Project Management Queries with Samples Posted: 26 Oct 2020 09:56 PM PDT |
| Posted: 26 Oct 2020 08:44 PM PDT I need to get a skid from Europe to Canada What's the cheapest option? I only know of dhl or KN. Any other smaller guys out there that are cheap and reliable? Cheers! [link] [comments]  |
| Sole proprietorship loan for a barber? Posted: 26 Oct 2020 08:06 PM PDT Hello everyone I'm a barber and now my shop is getting shut down by the owner until numbers stop spiking in Dallas how would I go about getting a loan to open up shop in my home? Edit: I only get paid in cash and cash app [link] [comments]  |
| Starting discussion to join 2 person LLC Posted: 26 Oct 2020 07:13 PM PDT Background: I am a certified teacher in a dance field where I teach group classes and private lessons to kids. I moved to my current location and starting teaching with 2 other people 1.5 years ago. We all have the same certification and have been teaching dance for approximately the same number of years. In addition to us 3, there are 3 assistant teachers, none of whom are certified or as involved in the industry in general. The two people I currently teach with started the business 8 years ago and formed an LLC. Since then it's always been the two of them making joint decisions in running the business as well as all creative decisions that come into play. I am currently a 1099 contractor, so am paid for any hours I teach class, but not paid for any extras (sending emails, going to competitions, etc) Prior to moving, I worked closely with someone who owned the business and while I didn't have ownership, I had input into all creative and business decisions. It was the right choice for a variety of reasons and I was happy. In my current situation, I feel underutilized and left out of many creative decisions and on my end it's leading to frustration and dissatisfaction. I want to bring this up with the 2 owners, but not sure the best way to do it or how to approach. They've built this business from nothing over the years and have never had anyone else come in, so it will be new for everyone. Would love to hear from other small business owners - how would you like this convo to be broached and what should I be thinking about? Thanks so much for any advice you can all give! Edit to add: this is not my full time career. This is a passion that also happens to make money for me. The two owners both do this full time, although both previously had corporate jobs and I believe a good bit of the reason for quitting them was family related but not 100% sure [link] [comments]  |
| Posted: 26 Oct 2020 07:08 PM PDT I just set up an individual 401k for my wife's small business C corp. She made the first deposit. I didn't realize there was a phaseout for her IRA deduction because of the 401k :( We both made about 120k last year. I hate for her to loose the 7K IRA deduction. She really should have started the 401K in January. I called Vanguard and they said they cant make the account effective 1/1/21 - Anyone know if its too late to withdraw that first deposit so she doesn't loose the IRA deduction? Thanks [link] [comments]  |
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