Business Congress takes up historic bill to decriminalize cannabis |
- Congress takes up historic bill to decriminalize cannabis
- One in Six Cadillac Dealers Opt to Close Instead of Selling Electric Cars: Report
- Lidar startup goes public, makes founder a billionaire
- How to bring in a food chain to a small country.
- U.S. expected to report slowest job growth in six months
- How to get better at the things you care about: « Eduardo Briceño reveals a simple way to think about getting better at the things you do, whether that's work, parenting or creative hobbies. And he shares some useful techniques so you can keep learning and always feel like you're moving forward. »
- Question for entrepreneurs
- Open technology projects sustaining stable climate, energy supply and vital natural resources
- I want to start a business from quarantine but need advice
- Getting over all these 3-4 hour "how-to-build" a business website videos. I made one that's industry standard in 1 hour. Plus giving Elementor Pro away for free.
- Cheesecake Factory settles with SEC over misleading Covid risk disclosures, a first for a public company
- Lessons from a mobile detailer with $30,000 in revenue
- U.S. regulator fines The Cheesecake Factory for misleading COVID-19 impact disclosures
- Southwest Airlines begins furlough process for nearly 7,000 employees
- November U.S. payrolls gain falls short, threatens recovery
- Advice on starting your own business in the UK
- Denmark to end oil, gas extraction in North Sea
- Goldman Sachs Group Inc. opened a Luxembourg-based entity to service rich individuals based in the European Union, the latest in the Wall Street bank’s series of moves to avoid Brexit disruption
- Feedback on side-project : Easily create and schedule Twitter threads
- A Semi-Drunk Business Related Question
- Getting a job with a client?
| Congress takes up historic bill to decriminalize cannabis Posted: 04 Dec 2020 07:57 AM PST |
| One in Six Cadillac Dealers Opt to Close Instead of Selling Electric Cars: Report Posted: 04 Dec 2020 06:11 PM PST |
| Lidar startup goes public, makes founder a billionaire Posted: 04 Dec 2020 06:23 PM PST |
| How to bring in a food chain to a small country. Posted: 05 Dec 2020 12:41 AM PST My country is a small Muslim Asian country. McDonald's, KFC and Jollibee are the biggest food chains here, being the most popular and successful. I have this idea to bring in Mexican food here in the future, seeing we lack diversity in our fast food and how the people here have started being more fond of Mexican cuisine. Speaking of our diversity, even the variety of Japanese restaurants have only just started increasing and we so far have at least 5 different ones. So I would like to bring in more exciting food. But the question is, how? How would one bring in Tacobell or Chipotle? How did these other food chains even come to exist here? What processes must one go through to own one of these restaurants or have them in this country? I would like to know your thoughts. [link] [comments]  |
| U.S. expected to report slowest job growth in six months Posted: 04 Dec 2020 05:15 AM PST |
| Posted: 05 Dec 2020 03:41 AM PST |
| Posted: 05 Dec 2020 02:56 AM PST Hi everyone. I was just thinking about entrepreneurs and their challenges and what comes to my mind is that we all know what we have to do to make more money (at least roughly), but we just can't make ourselves follow these steps? Does that sound painfully familiar? It seems like we are acting as our biggest enemies, who prevents us from taking the right action and build our dream life. Does anyone experiencing that or had experienced that in the past? [link] [comments]  |
| Open technology projects sustaining stable climate, energy supply and vital natural resources Posted: 04 Dec 2020 11:11 PM PST "For technology to be truly sustainable, it must be globally available and independent. The open distribution of sustainable technology, knowledge and data provides the basis for an ecological and economical global economy. This secures the access to vital resources such as stable climate, soil or water for everyone in the long term." protontypes [link] [comments]  |
| I want to start a business from quarantine but need advice Posted: 04 Dec 2020 09:45 PM PST Me (15) and My older cousin (28) want to start a business. I'm not going to say what it is, but it's a recreation business that can't be done digitally and would have a massive market in Washington DC. This specific thing surprisingly is not currently being done in Washington DC, but is in places like New York City and some places over seas. Due to covid-19, it's kind of put the project on hold. I want to know everything we could get done now from our homes, so that we can immediately get a head start to get this business up and running post covid-19 vaccine distribution. It wouldn't be a very cheap start up either [link] [comments]  |
| Posted: 04 Dec 2020 07:57 PM PST |
| Posted: 04 Dec 2020 09:08 AM PST |
| Lessons from a mobile detailer with $30,000 in revenue Posted: 04 Dec 2020 07:12 PM PST Hey everyone! Last week, I posted to see if there was interest in a newsletter where we interview people about their business failures and lessons learned. Well, we started it and called it Brink Insider. We completed our first interview and have a lot more lined up. I'd love to hear any feedback on how we can provide more useful content. I hope this content can help you with your business or even help you generate some ideas. ------ For our first interview, we spoke with McLean, founder of Camel City Detailing—a mobile car detailing business. Now for the fast stats on Camel City Detailing: Location: North Carolina, USA Total Est. Revenue: $30,000 Time in Operation: Aug 2018 - Sep 2020 Founders & Employees: 2 founders, 7 employees Product: Mobile Car Detailing Biggest Struggle: Poor Team Communication ----- Tell me a little background on your business. What do you do, how did you come up with the idea, and how did you get started? My business was called Camel City Detailing and we were a mobile car detailing service. When I started the business, I had just finished my freshman year of high school, it was myself and two others and we split all profits. We thought it'd be a good business to get into because the risk is low to get involved. We started it during the summer and it became a seasonal business. When we started, we went straight to Advance Autos and bought all the basic supplies we needed to clean a car. It was hardly even detailing, mostly a car wash with vacuuming. We had a duffel bag of supplies that we would be bringing to each client's house. We had a pressure washer that one of my friends had that had been sitting in a shed for forever that we could use. For our first trip to Advance Autos, I actually remember spending $180 on supplies. After that, we went door to door with flyers asking if people would be interested; of course, a few people hired us just because they support young people working, but that's when we were able to improve on our detailing skills. We kept adding clients to our list and when summer rolled back around each year we would let them know we are back in business. During my junior year of high school, we actually started to work throughout the school year. We hired people and had an actual functioning way to bring in profit. We had trained employees who we would pay by the hour that we'd send out to each job site. What would you say the biggest hurdle you faced when you were actually starting this business? Our biggest hurdle was trying to manage the number of jobs we got. We worked incredibly hard to get our name out there, but the downside was that we were unorganized. We didn't have a way of tracking potential clients or anything, we just had a Gmail account and a Google Calendar for our appointments. In a business, you have to spread responsibilities across everyone. Everyone involved did all of the same jobs; we all detailed cars, we all answered emails and phone calls, we all managed the Facebook page, etc. The way we eventually were able to get past that point was through hiring employees. Hiring employees made everything flow so much easier, including scheduling appointments, handling money, managing clients, etc. As the business owner, I moved from doing every job to working only a few every week and ensuring quality control. This allowed me more time to use more efficient marketing strategies like through social media ads and also through Google. How did you keep customers returning? What was the approximate breakdown between new customers and repeat ones? The way we kept customers returning was a mix of quality and customer service. We believed in what we were selling and consistently tried to improve what we had. People were impressed and that's what made people come back. Our customer service was meant to get to know our clients; we connected with them. We showed them the progress of the business and what we were doing in order to make our service higher quality. People love to know what's going on and to see progress, especially of small businesses. In terms of new customers and repeat customers, I'm not aware of the ratio but if I had to guess, I would say 65% repeat customers and people that found out about us through word of mouth, and 35% of new customers that found us through Google and Facebook ads. What are some recurring issues that you've had in the past that if you addressed would make everything run much more smoothly? I would say our communication with employees, especially in regards to scheduling appointments. It seems like we always scrambled to find people who could show up to jobs. I wish we had a better system to find out if we'd need to send another person or if someone wouldn't be available. Also, we would always run into minor issues such as running out of products, power washers breaking, things like that. Also, we never were able to find out the average amount of money we lost per job from what we had to spend on supplies. In other words, we didn't know how much of a product we'd use during a job. We didn't know how many jobs a single bottle of wax would last. What resources were most helpful to you when starting your business and learning how to run it? Facebook and Google advertisements were extremely helpful to get our name out there and gain clients. We were getting more than double the money back that we put into advertisements. Also, making connections with other entrepreneurs was super helpful. We went to a business incubator event where we met a few people that were able to give us some advice and connect us with other people. I would say that knowing how to market and building connections are some of the most important things when starting a small business. If you had to start over, what would you do differently? I wish I had recognized the demand for the service I was offering. Realistically, there were tons of people looking for high-quality car details, much more than I had expected. If I had recognized that earlier and hired more people while properly marketing our service, we would have made much more money earlier on. I also wish we posted more often on social media. This is the easiest way to keep your business on their mind. The type of posts you put up also can strongly influence your reputation. What kind of advice would you give to someone who wants to start their own mobile detailing business or a company with a similar business model? The best advice I can give is to believe in the product or service you are selling. Aim for the top quality service or product, and don't settle for anything lower than that. Settling for low quality is one of the quickest ways to demotivate yourself. If you want to start a business, find something that you will care about and something you always want to improve. Thank you for taking the time to share your experiences running a mobile detailing business with us. ----- You can sign up for the free newsletter at http://brinkinsider.com/. [link] [comments]  |
| U.S. regulator fines The Cheesecake Factory for misleading COVID-19 impact disclosures Posted: 04 Dec 2020 09:00 AM PST |
| Southwest Airlines begins furlough process for nearly 7,000 employees Posted: 04 Dec 2020 06:47 AM PST |
| November U.S. payrolls gain falls short, threatens recovery Posted: 04 Dec 2020 08:12 AM PST |
| Advice on starting your own business in the UK Posted: 04 Dec 2020 01:42 PM PST Hey everyone. I've been made redundant due to COVID and I'm thinking about starting my own mobile car valeting service. But I have no damn clue about how to run my own business and the overheads included. My work experience has been in finance so I'm okay in that side of the business, but my main concern is starting my own company. What can I expect in terms of things needed, costs etc. and I am very very nervous about this so any help and advise will be much appreciated. [link] [comments]  |
| Denmark to end oil, gas extraction in North Sea Posted: 04 Dec 2020 01:25 PM PST |
| Posted: 04 Dec 2020 04:34 AM PST |
| Feedback on side-project : Easily create and schedule Twitter threads Posted: 04 Dec 2020 01:02 PM PST Hey everyone, I'm 8 days away from launch and would love some feedback on this tool if you're a twitter power user or not [link] [comments]  |
| A Semi-Drunk Business Related Question Posted: 04 Dec 2020 12:16 PM PST Hi guys, Am in the middle of watching a documentary and part of it covers a french guy in papua new guinea. This guy had a butchery, cafe and now more importantly has introduced the country to supermarkets and owns over 50% of them. My Question is why cant we being from a wealthier country simply provide some lower wealth nations with essential services which they require on day to day life such as water, supermarket/retail, infrastructure and create business doing that and gain wealth. The Congo for example is the biggest country by mass in Africa and has next to zero tarmac roads although gravel is coveted in the country, there is not a SINGLE company dedicated to using that to create much needed roads for example. What stops us from doing this and creating a company which their government would surely sign a contract and agree given that it is essential and no one else internally is doing it . Thinking about it if you save up some money here in the developed world (im from UK) and use that to buy cheaper things over there surely sumn like 100k would make u able to build a hq, ship parts and machinery, as well as employing locals. Someone need to answer this question bc this french guy got minted from retail and i dont understand what factors would have stopped people previously from providing essential services to poorer nations to gain profit as well as improving their lives. Any Response Helps, Cheera Businesspeople of Reddit🍺 [link] [comments]  |
| Posted: 04 Dec 2020 11:58 AM PST Hopefully this is the right place for this. I work for a small company who is doing a SOC2 audit for a global firm. The global firm has expressed interest in hiring me, and I am very interested in the job. I guess my question is, how much legal trouble could I get in if they offer me the job and I take it? I signed independence forms, so I'm sure that could be a hurdle, but what are the ramifications there? My company is small enough to where they might not even have enough money to pursue legal action. Like I said, I hope this is the right place - if not, please let me know and I will post elsewhere. [link] [comments]  |
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