NooB Monday! - (November 09, 2020) Entrepreneur |
- NooB Monday! - (November 09, 2020)
- Looking for a startup idea? Here's a problem to solve.
- Someone ought to start an OnlyFans Mansion kinda like the Playboy Mansion
- What is so bad about MBA’s
- Opinions on my start up idea?
- rent a studio/office space to work away from home?
- Thoughts on entrepreneur burnout..... Tips, myths, etc.
- CA non profit Articles of incorporation form has limited space for purpose statement
- list of companies that will help you form an anonymous LLC in New Mexico? which is best?
- Struggling with making a rough initial cashflow for Business plan!
- Don’t want to be Zuckerberged, What are my options?
- Tax deductions
- please advise me regarding affiliate marketing
- Question . Might be in wrong sub for it tho...
- How did you know where to start
- Hopefully I don't get hate for this.
- Feedback on a video customer service chat button
- IDEA��: Privacy focused blockchain based social media
- $10K monthly net - do's and don'ts. If starting from scratch in 2020.
- Mobile Oil Change Business
- First mover advantage - real or not?
- Working on a startup and need to implement payment quickly?
- New to importing, confused about "CBCM" acronym in regards to pallet size.
- Starting a new ITeS business. Ideas on finding business leads?
- I created a few saas idea reports. I do not know if I'm adding value.
| NooB Monday! - (November 09, 2020) Posted: 09 Nov 2020 05:12 AM PST If you don't have enough comment karma here's where we can help. Everyone starts somewhere and to post in /r/Entrepreneur this is the best place. Subscribers please understand these are new posters and not familiar with our sub. Newcomers welcome! Be sure to vote on things that help you. Search the sub a bit before you post. The answers may already be here. Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Looking for a startup idea? Here's a problem to solve. Posted: 09 Nov 2020 07:48 AM PST Hey everyone! I've been really geeking out on finding problems that I think could be turned into meaningful businesses. I'm sharing all my ideas here if you're interested. Here's what I've been thinking about lately - Opportunities in Work From Home Perks"Like many companies, we've recently shifted to a completely remote company. One of the biggest problems we are now facing is shifting our company perks to this new WFH model. No longer are we catering lunch, offering all you can eat snacks, or utilizing our amazing office space." - HR Manager at a funded tech company Market Background & Opportunity Size Employee perks have become a coveted hiring strategy for some industries - namely tech. So much so that some companies have started hiring employees solely responsible for making the company's employees happy and providing them with perks - like workplace coordinators. It wasn't always this way, there's been a recent shift towards companies offering some pretty sweet perks to get top talent - so it's a young industry. Currently, here are some employee favorites that are being cut due to the pandemic:
After looking through a number of articles and doing a bit of math, I'm estimating that companies offering perks spend somewhere between $3,000 - $9,000/employee/year on these types of non-traditional perks. This doesn't include things like health, 401k, or time off benefits. This year we've seen companies like Twitter, Google, Facebook, and Shopify use the pandemic as an opportunity to accelerate the shift to remote work for their employees. But, this isn't just happening with large tech companies. While finding an exact number was tough, a study by Gartner estimated that of the 56% of US companies that can allow their employees to work remotely, 74% say that they are going to shift more employees to remote after the pandemic. Another study cites that by the end of 2021, 25-30% of workers will be considered remote. It may not come to you as a shock, but it looks like remote work is here to stay. Major Players Who's already helping companies manage and offer employee perks? Zenefits
Gusto
Bamboo HR
Note: I know there are a lot more companies out there, but I'm selecting just these three because they are market leaders. Additionally, all of these companies do more than just manage perks - they offer a suite of HR tools. The Opportunities There are a number of opportunities in this space, but I'll stay focused and call out the ones that I see as the best return for the time/energy investment. With people shifting to remote, a lot of companies are having to rethink how they do perks. If you can offer relevant perks while making it easy for the company to manage, I think you'll have a winner. Here are a few ideas that I've got -
These are just some examples, albeit I think they're pretty good, that you could run with. There's a wealth of opportunity here. Current Solutions Here are some companies that are also trying to solve the perks problem.
How to Execute My favorite part about this idea is that I think you could hustle your way to $10k/mrr with relative ease. Since that's what I would do if I were pursuing this, that's the plan I'll talk about -
Challenges
If you have any questions - I'll be hanging out in the comments for a while! Thanks for reading - now get out there and build it. [link] [comments]  |
| Someone ought to start an OnlyFans Mansion kinda like the Playboy Mansion Posted: 08 Nov 2020 10:54 PM PST Rent or purchase a large house, do a casting call for attractive women who make adult content or are open to doing so. OnlyFans takes 20% and you'd have to make $ by taking a % of the remaining 80%, which means you'd have to add value that's worth that to the creator. But that could be easy. You cover housing. You pay for production costs (toys, lights, etc.). Biggest value add is probably analytics. Can increase performance by analyzing what posts do best, and what times are optimal for posting. And what venues are best for advertising. Basically growth hacking. People have had success with this for Tik Tok Houses and YouTuber Houses. I'm sure this already exists in some form and just isn't publicized [link] [comments]  |
| Posted: 09 Nov 2020 11:50 AM PST Hey guys, see a lot of hate about MBA's around motivational IG pages, just looking for a bit of context here. [link] [comments]  |
| Posted: 09 Nov 2020 12:28 PM PST I'm just here spitting ideas trying to get a general opinion. I value and appreciate all of your responses. Lately I have been throwing out a lot of fresh scrap food. Things such as scrap fruits and vegetables. It has been bothering me, so I began leaving them for animals and bugs to decompose in a forest near me. This gave me an idea to create compost. I then started thinking about how this generation values giving back to mother Earth and doing what they can to help. So I got the idea to offer a service that goes door to door every week to collect people's fresh scraps in order to make that into fertilizer. This fertilizer could then be given back to them on a monthly basis or something/sold to local people/farmers that could use it for their crops. Or I could possibly just sell the scraps in bulk to someone that makes fertilizer. I am not sure how many people would actually pay for this or how much, but I just wanted a general opinion on the idea. [link] [comments]  |
| rent a studio/office space to work away from home? Posted: 09 Nov 2020 12:12 PM PST has any one of you guys ever done this? i live at home with the family. the walls are thin and half the time someone's home. i cant afford to move out yet. i need space and quiet to work on things that involve recording (music and video) and streaming and building things. idk just a bunch of projects. i find all the time that im am waiting until no one is home on certain things or no being able to do things later in the night when an idea might occur. if i just had a place to work i think i would be so much more productive to just be able to head to a specific place away from it all. do you think renting an office/studio space just for working is an option? will it be cheaper than a house/apartment (living space). idk anything about where to start anyone ever did this? let me know please and thank you. where do i start? [link] [comments]  |
| Thoughts on entrepreneur burnout..... Tips, myths, etc. Posted: 09 Nov 2020 01:33 PM PST When you think of a successful founder, what comes to mind? Maybe someone with a grand vision, technical chops, a great sales person, or all three. Or maybe it's someone obsessed. Who needs sleep, family, or balance when you have a product that can change the world? There are a few founder myths that just won't die, and the romanticization of burnout is one of the most dangerous. Even as wellness is baked into our lexicon and self-care is touted to men and alike, business owners are encouraged to hustle harder, and protect their customers and team from the intense pressure it takes to grow. Y Combinator's Sam Altman says it all:
Founders are constantly encouraged to sacrifice themselves for the greater good of investors, growth, and the team. But pressure can't keep building forever — there's an inevitable break. What's burnout costing us? When I think of burnout, I tend to imagine a manic state with a big blowout ending (remember Britney Spears in 2007?). But it doesn't have to be that dramatic. The Mayo Clinic describes burnout as:
And research shows it usually presents as three types of symptoms: Exhaustion, both physical and emotional Cynicism, or lack of involvement and connection Inefficacy, aka incessantly spinning wheels It's important to note that stress is unavoidable, and for many its fuel to push past our own boundaries. But cumulative stress and subsequent burnout is harmful to you and the business. 46% entrepreneurs say anxiety and cumulative stress gets in the way of their work. Founders with early or growth stage companies are more likely to report mental health concerns than their counterparts whose businesses were "mature." It can affect decision-making, team productivity, and ability to hit targets and grow to the next stage. But burnout isn't something that founders need to resign to. It's something they need to recognize and actively work to avoid. And that starts with debunking a few founder myths that got us here. Myth #1: Great founders are lone rangers The reality: no leader achieves success alone. There's a mythology around the sole innovator in startupland, and — even with co-founders of a team — founders have to soldier on alone to protect their company. Some say there's no space for vulnerability with your team or investors when you're aiming for growth over everything else, but that just means you need to find another outlet to speak candidly. As you and your business change, you just have to find a group of people that understand what you're going through. And those people may not be your longtime friends, your partner or even co-workers. Find a founder circle that challenges you and helps you make key decisions. Used by creative thinkers from Ben Franklin to Sara Blakely, noncompetitive peer groups are proven to move leaders forward — it's critical to hear that you're not alone, and the internet will just tell you that everyone is "killing it." These are people you can turn to when you're managing the unknown for everyone else, just make sure you have the structure to connect and share challenges frequently — not just when things go wrong. Building is lonely — don't make it harder on yourself. Myth #2: Great founders are born to lead The reality: no one knows how to do this stuff. Everyone learns by doing. Leadership is not an innate trait. It requires work, learning from others who are ahead of you, and regularly reviewing, then refining your own behavior. If you just keep running, you may eventually run into a brick wall. But when you refine how you do things, you can identify when you're standing in your own way. One of the best ways to refine your leadership is by setting goals — I like to use an OKR (Objectives and Key Results) framework, popularized by Google. Setting ambitious goals and making every effort to achieve them is helpful, but understanding why things happen is where the real magic lies. When you don't achieve a goal, analyze why. No time? No energy? Lack of know-how? Fear of failure? Shared by Cathy Yardley, these four areas can help you understand how your brain works, then reverse engineer your own future success. Myth #3: Great founders are relentless The reality: leaders build for success. They don't wait for things to fall into place by accident — they generate energy to keep going. And a proven way to generate energy is to create a routine that you enjoy. Your routine doesn't need to include waking up at 5am or meditating for hours, it just needs to include daily activities that help your body and brain feel strong. For some, that's going on a walk or exercising. For others, it's starting with morning pages to get their brain humming or taking the time to cook a delicious breakfast for the family. Write down 2–3 ideas of what generates energy for you, then create a plan for how to bookend your day. Even if the bulk of your day is crazy, you have a plan to start and end in a way that serves you. When you manage the unknown, you ship more great work. Burnout isn't a marker of dedication — it's a sign of short-term thinking. When you take care of yourself, you create a better long-term future for your company and your team. Want to find your crew of fellow founders? Check out Facet. We're a close-knit community where first-time founders tackle their hardest challenges, manage the unknown, and grow faster alongside their peers. [link] [comments]  |
| CA non profit Articles of incorporation form has limited space for purpose statement Posted: 09 Nov 2020 01:30 PM PST So i am an ex business owner and am interested in building an animal shelter and i want to register in San Diego. I was looking at the ARTS-PB-501(c)(3) fillable pdf form. They dont give you a lot of room to enter your purpose statement which i learned is important when applying for tax exempt status. I can only fit this: Provide rescue to animals, educate public about animal welfare I wanted to have: Provide rescue to animals, educate public about animal welfare, provide funds to animal rescue causes I did a search on google and found websites which had samples for animal shelters such as this: which i would prefer to use The corporation has been organized for charitable, humane and educational purposes, including but not limited to providing refuge for stray, abandoned, lost, abused or injured animals, to place adoptable pets in caring homes, to educate the public about animal welfare, to make funds available to pet owners and caretakers, and to promote awareness. To offer training, aid and support to those who are involved in animal welfare. So i am guessing they had a lawyer draft a custom AoC, i plan to retain an attorney for the exempt status application but this part seemed simple enough. I applied for an LLC in VA and a C Corp in WA on my own and had no issues. I did search for pro bono lawyers but they are targeted to low income issues such as rent, veterans etc; Any suggestions? Can i include a separate sheet and simply put on the form: Look at attached sheet [link] [comments]  |
| list of companies that will help you form an anonymous LLC in New Mexico? which is best? Posted: 09 Nov 2020 01:24 PM PST anyone have suggestions on which company to go with to act as your 3rd party agent? [link] [comments]  |
| Struggling with making a rough initial cashflow for Business plan! Posted: 09 Nov 2020 01:18 PM PST So I'm trying to put together my initial cashflow for my business plan but don't know how to estimate how much my initial stock will cost. Like how much a certain brand of TV or the likes will be before the mark up. I've tried to hunt down suppliers to get a hold of some catalogues but haven't been able to hear back from any. I know this is really noobish but I feel like I'm missing something glaringly obvious, I just want to source stock for an electronics shop but find I'm kind of going in circles here. Any constructive advice anyone could offer would be really appreciated! [link] [comments]  |
| Don’t want to be Zuckerberged, What are my options? Posted: 09 Nov 2020 09:17 AM PST Software dev here, a friend came to me with a dating app idea. I normally dont want to go into dating or social media apps, so instead of being partners with him, I told him I'd want to be compensated for my work. We agreed on a very vague MVP version the app for my part, and during the development requirements kept changed and kept changed, which caused me to spend more than double the amount of time that we initially agreed on. I have been very vocal about requirements are changing during or after development which is not cool. I literally done everything for this app (backend, front end , analytics, db, design etc etc…), and I worked on way too much on it , if somehow it takes off and he starts to get investments I'd like to get my fair share, for my extra work that I didnt get compensated because of changing requirements. Since he is my friend I told him I'd like to get shares as compensation instead of more money, because we were loose on requirements, and I should have said no when he wanted to change stuff but I went along, so there is a little blame on my side as well. He agreed to give me some shares. Two questions here, I have no idea what kind of shares I should ask for, from what I read online sounds like I need preferred stocks? (Because I am paying for my share by not getting more money from him.) From what I read online company stocks that is given to employees are almost worthless during investment rounds? His attorney added that intellectual property belongs to him at initial draft of the agreement (we haven't signed it yet) and I can't work on a similar app. I am not gonna work on something similar but is this standard practice to agree to all code, design etc to belongs to him? Sorry for the newb questions, I looked a lot and couldn't see any guide for situations like this. Thanks… [link] [comments]  |
| Posted: 09 Nov 2020 12:40 PM PST I wanted to know quickly if you can fully write of a phone and can you get multiple phones and does this also apply to other electronics as laptops. I know I should be asking this to an accountant but I wanted to know the answer quicker. Do you also have advice for hiring an accountant [link] [comments]  |
| please advise me regarding affiliate marketing Posted: 09 Nov 2020 12:22 PM PST I have a domain that can be used for many purposes. I mean it can be used for talking about travel, culture, language of a specific country ..... First off, I'm intending to use it for teaching that country's language, the other things can be added later if I want to. sorry! I can't provide much information since it's still in progress. But my q is what's the possible affiliate program I can use?!! 'coz obviously I'm teaching the language so using affiliate program that promote other sources like textbooks can be useless, I guess! Guys what do you think?! [link] [comments]  |
| Question . Might be in wrong sub for it tho... Posted: 09 Nov 2020 12:21 PM PST This might be wrong sub but im been curious to know the steps or what way to go for something. Like this. Lets say you wanna start a online streaming tv channel service like sling tv those. What would be the way to do it? Ive been google searching this and idk i think im bad at google cause i cant find a solution to my question. Just curious honestly in knowing the requirements and the steps behind this. [link] [comments]  |
| How did you know where to start Posted: 09 Nov 2020 05:19 AM PST When you first started how did you know where to go? I've got the name, I've got the business plan, I've got the education (Bachelors in accounting, EA certification). I have no idea where to go from here. Is there a step by step route to take to get clients/ business? It's a tax/bookkeeping business. Total disclosure, I've unmedicated ADHD, that's exacerbated by pregnancy brain right now. I can't do anything about either until January. [link] [comments]  |
| Hopefully I don't get hate for this. Posted: 09 Nov 2020 11:07 AM PST Hey Guys. So I'm probably more comfortable, not disclosing my actual political views, because I hate judging people by that, or being judged myself. But with that being said, I wanna make so political Merchandise, because its big right now, and people get really into it. I see it as nothing else but a bussiness oppurtunity. So I was thinking about clothes, but their fairrrrrly expensive haha. So what I'm looking for are ideas on some political merchandise things I could put together. If that makes any sense, PLEASE GIMME SOME IDEAS. PLEASE AND THANK YOUUU. [link] [comments]  |
| Feedback on a video customer service chat button Posted: 09 Nov 2020 10:48 AM PST Hey guys so i'm currently in the early planning stages of creating a video customer service chat option that could be integrated on virtually any website. My strategy was to niche down the business to focus on companies that heavily rely on seeing their customer to help them such as telecommunications (router problems, wiring issues,etc). This does exist already but I see a lot of opporrunity in the market for something like this and was wondering if you guys think this is something that is scalable and worth pursuing? [link] [comments]  |
| IDEA��: Privacy focused blockchain based social media Posted: 09 Nov 2020 09:54 AM PST Hi, young guy here. Idea is to create social media platform without ads that serves to not manipulate it's users minds like all existing do and track their activities. The Blockchain part is that the social media platform could have it's native token token which will be distributed through users monthly and will serve as UBI (universal basic income) like 20$ each month and more in it's native token. I have everything else planned of just don't have the team or somebody capable of programming it. I know it might not be the best idea to post about it on Reddit since it's not patented and I am basically giving it for free. If somebody uses this idea I won't be mad because I am aware that it is my problem that I gave it away here for free. I literally cannot put together a group that is able to put this idea to reality. I hope that somebody has some recommendations for me or if not enjoy my idea and tell me how it goes. I sincerely believe that scalability options for this platform are enormous like brave browser(privacy oriented faster version of chrome that gives monthly rewards). I have all the details of this app thought of. So If anybody is willing to take over the project please pm me and don't just steal my idea. I will try my best to help you. For more details and info please leave a comment and or send me a message ;) TLDR: MENTAL health friendly privacy oriented socially media platform without ads and with monthly rewards which you could eventually spend in stores :) Love you Reddit :) Staysafe [link] [comments]  |
| $10K monthly net - do's and don'ts. If starting from scratch in 2020. Posted: 09 Nov 2020 02:04 AM PST Just thoughts about what works and what not - based on my experience to achieving this net profit. Will be interested to hear other thoughts in the comments. Please write, keeping in mind 2020 reality (for example: amazon affiliate business in 2020 is too crowded already) Models that great to start in 2020:
Models that will be hard to start in 2020:
The core things to keep in mind:
[link] [comments]  |
| Posted: 09 Nov 2020 09:24 AM PST Hey everyone, I've been thinking about starting a mobile oil change business in my area and wanted some feed back from everyone whether they think it's a good idea, if they would use it, and any flaws one could see. My plan would be to offer more than just an oil change. Could offer air/cabin filter replacement, tire swap/rotation as long as they are on rims, other fluid changes etc. There is no one doing this in my area and I know the "mobile" trend is growing more and more. The big selling point would be convenience over big store competitors, I would be able to come directly to your home or job. Thanks again for any feedback, positive or negative is appreciated. [link] [comments]  |
| First mover advantage - real or not? Posted: 09 Nov 2020 08:43 AM PST People love to say "early bird gets the worm". But how to you know you're the bird and not the worm? --- I'm curious about what people here think of the "advantage" that's given to those first to market. Do you think it's powerful enough to be a focal point in your strategy? is it not an advantage at all? [link] [comments]  |
| Working on a startup and need to implement payment quickly? Posted: 09 Nov 2020 08:39 AM PST I recently built a SaaS product and hands down the largest piece of work was payment integration. Stripe is used internally and whilst the API is freakin amazing the ecosystem is very flexible. This meant a few weeks of reading, implementing, debugging and testing. I realise that for the most part, many startups are after a similar solution when it comes to payment. So I figured it could be great to provide a service that is hyper-focused on "payments for startups". I wanted to see if anyone else would be interested in this kind of thing? Basically a suite of tools to drop payment into your product in a few minutes. I think It would be a massive time saving for so many people. If you think that sounds cool, it would be aaaawesome if you checked out this site I've put together. http://feegrid.com - Rapid payment integration for startups I just wanted to gauge initial interest in something like this and see if it's worth continuing with. Cheers! [link] [comments]  |
| New to importing, confused about "CBCM" acronym in regards to pallet size. Posted: 09 Nov 2020 08:34 AM PST I'm looking into importing goods from overseas and the supplier I spoke with told me the pallet dimensions are 1.05*1.02*0.88CBCM. What does CBCM mean? I found CBM online but not CBCM. Totally brand new to this so excuse my ignorance. [link] [comments]  |
| Starting a new ITeS business. Ideas on finding business leads? Posted: 09 Nov 2020 07:59 AM PST I'm launching my own ITeS business (testing $ content development) mostly targeted towards the e-learning industry. Any ideas on how to find out business leads to start making cold calls and emails? [link] [comments]  |
| I created a few saas idea reports. I do not know if I'm adding value. Posted: 09 Nov 2020 07:57 AM PST I'm not sure if this post belongs here but this is a genuine query. So please delete this if it is inappropriate. I currently run a newsletter where I share reports on validated startup/indie product ideas. In each idea report, I share things like relevant SEO keywords, relevant communities for promotion, content ideas, affiliate opportunities, relevant journalist information etc. I've written a couple of free reports but I'm planning to start charging for it. I need your opinion on 3 fronts:
I'm not adding a sample link because I do not want to promote here. But if the admins are cool with it, I'll do an edit and add it. Thanks for your help in advance. [link] [comments]  |
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