How profitable is a pizza shop? small business |
- How profitable is a pizza shop?
- Did you start your business while being employed?
- USPS sucks right now
- [UK] Working with a company listed as "Active" on Company House but has history of dormant accounts
- Need help advertising
- Opening an interior paint store
- Pros and cons of starting a business to sell photos or just selling online.
- Free Redirect Phone Number
- Tips on how to grow after a failed sale..
- Finder's Fee?
- question about manufacturing (magnets)? pls help?
- Affordable and functional ERP’s?
- This business idea may be excessive...
- efficient POS softwares?
- Help on Tax Franchise Fee
- Laser machines
- Lessons from a mobile detailer with $30,000 in revenue
- [Question] Branding/Marketing Department
- When to Start Buying Other Businesses?
- Happy Friday! I’m curious, how many hours per week do you work?
- What software/apps are you using to run your business?
- STICKERS!
- How do I find a small business to buy from?
- Certification to be a small business (SBA)
| How profitable is a pizza shop? Posted: 04 Dec 2020 07:09 PM PST My friend and I are looking to open a pizza place. The location for the most part is already equipped, just missing a few things. But before I hop on the opportunity, I was wondering if anybody knew what we would be looking at for profits. I see a lot of different numbers online about the margins of pizza restaurants. But it's all unclear as to what is included as an expense to calculate the margins. The shop would be owned by my friend and I. It is a relatively small size, with 6 tables to sit down at. And would also include takeout and delivery. But if a pizza place's margin is 15%, does that mean that my friend and I would only be able to pay ourselves out of that 15%? Or does that margin include what the owner takes home as a salary? [link] [comments]  |
| Did you start your business while being employed? Posted: 05 Dec 2020 05:54 AM PST If so, how long did it take you to go full-time in your business or are you still side hustling? Anything you have done differently? I'm working another 20 to 40 hours a week for my side hustle for several years now in addition to my employment while having young kids… Wonder how many people are in the same boat ... need any advice. Thanks in advance! [link] [comments]  |
| Posted: 04 Dec 2020 05:32 AM PST Just a general rant/observation - it was suspected and reported that Dejoy was tanking the USPS to sabotage the mail in votes. Now that is all over, but service is even worse! I have 5 packages that I know of that all say "delayed shipment". Haven't had but 1 or 2 issues in like 10 months. Now 5 the same week. These are ones I know about, probably more if I go through and track all outstanding orders. Anyone else seeing this happen? [link] [comments]  |
| [UK] Working with a company listed as "Active" on Company House but has history of dormant accounts Posted: 05 Dec 2020 05:36 AM PST Hello, Their 'Company Status' is 'Active' on CH website. However their filing history is a repeating of...
going back to 2016. This company was meant to be vetted by our managing agents. This information has only just been pointed out to us by an employee. How can the company be 'Active' but with current history of 4 years worth of dormant accounts. Should we be worried? How do we approach this? [link] [comments]  |
| Posted: 04 Dec 2020 08:31 PM PST I recently opened a business where you paint along with an instructor with 40 seats. It's a very social for of business but my landlord pressured us to open. I was trying to hold off as long as I could due to the pandemic but now we're open. I'm in a state where a lot of people are paranoid and rightfully so but I've had customers. Not enough to cover any costs except my own personal bill or two but people are figuring out we exist. We take bookings exclusivity online but I'm always at our place to talk and advertise that we can do walk in bookings. Our budget is really tight and we never qualified for any pandemic loans because we never had anyone on payroll. Our demo is moms and the children they have. I've put ads on Facebook, joining multiple Facebook groups for the surrounding area to advertise but I've had only 1 booking so far from all of that. Im looking into clipping books and mailers but I don't know what else to do to make customers sign up. I wonder if this is how it will be until this is all over. I'm here looking for suggestions on how to further advertise. I had a Facebook suggestion to create the class and make kits for customers to pick up to join the class online. This isn't economically viable for the price of our classes. We would have to charge more and then I'm afraid we lose the customers we managed to get. Any help is appreciated. Thank you. [link] [comments]  |
| Opening an interior paint store Posted: 05 Dec 2020 01:34 AM PST Guys, what equipment is needed? Recently we bought some paints for our new flat and I noticed they have some kind of mixing machine or something. [link] [comments]  |
| Pros and cons of starting a business to sell photos or just selling online. Posted: 04 Dec 2020 11:48 PM PST This idea is in the very early due diligence stages and this question may sound a bit ignorant, but do I need to start a business (ie an LLC or something similar) if I just want to sell my photos through a website like squarespace? Could someone help me out with pros and cons and just give general advice? Thank you! [link] [comments]  |
| Posted: 04 Dec 2020 06:04 PM PST I run a business that doesn't need a dedicated phone number, however, on my shopify billing receipts, they require a phone number on there. Is there any service that exists for creating a free redirect phone number that would essentially go to a voicemail box, or just redirect to my cell phone? Essentially, I don't want to list my actual cell for security purposes. I know Google Voice used to offer this for free, however now it's a paid service. Thanks in advance for any recommendations. [link] [comments]  |
| Tips on how to grow after a failed sale.. Posted: 04 Dec 2020 09:31 PM PST I recently bought a bunch of stickers for my sticker store and I ran a Black Friday sale, but not one sticker sold.. Since then I've been posting on my social media accounts and trying to engage with more accounts. I've looked up how to gain more traction, but so far nothing has worked. I try to post more on my Instagram, but I feel like I've completely plateaued. Any tips/advice/constructive criticism would be much appreciated. Thank you in advance!😊 [link] [comments]  |
| Posted: 04 Dec 2020 05:41 PM PST I currently freelance as an installer for a small custom lighting company, where I used to work full-time for about three years. Right now, I'm in the fortunate position of being able to connect the owner / my former boss with the principals of a potential client that has a fairly large project on their docket (~$70k budget, possibly up to $100k). It's a unique, high visibility project with a prestige element to it (right up the owners alley, basically). Without my involvement, there would be no other situation in which he would encounter this piece of business, and even my minor involvement as a liaison will go a long way in smoothing out communicatiom and logistics on this project. He's been in business for ~40 years, brooks no bullshit, but is very much a dealmaker and is quite motivated by projects like this. My question to all you like minded small biz owners: what would your gut reaction be to one of your service techs asking for a finder's fee on a project like this? And, to reframe it: what would your gut reaction be to another industry colleague making a similar ask? Is this as simple as asking for 10% of total client spend on this project, or is there another standard or typical compensation structure for a situation like this? [link] [comments]  |
| question about manufacturing (magnets)? pls help? Posted: 04 Dec 2020 04:46 PM PST hi guys! i'm planning to design a tibetan alphabet fridge magnet set and i'm not sure how to go about the manufacturing. i only need about minimum 50 orders. i'm okay with manufacturers in any country besides china. can anyone pls help with some tips or advice? 🙏🏽 will be greatly appreciated! [link] [comments]  |
| Affordable and functional ERP’s? Posted: 04 Dec 2020 08:20 PM PST
Or am I stuck with dealing with a bunch of different solutions? [link] [comments]  |
| This business idea may be excessive... Posted: 04 Dec 2020 08:19 PM PST So, I have worked through a business idea with my wife. Our idea is for a restaurant and bar with a full theatre, as well as an attached art gallery and studios for artists to rent. I thought about doing a non-profit since the focus will be on the arts, allowing for more grants available. And in my research I have found that a non-profit can't sell food and alcohol. However, I really feel that the added restaurant would bring in more and consistent customers. As well as making the business more likely to succeed as it will be located in a small city. Any info or suggestions would be much appreciated. And if this is a stupid idea tell me, I can take it. [link] [comments]  |
| Posted: 04 Dec 2020 04:16 PM PST My dad owns a restaurant and he wants me to help him improve efficiency. Currently through using clover we have to manually process online orders(grubhub, ubereats, doordash). Does anyone have a solution/software that could automatically convert those delivery orders to our system? Im also wondering if there is a way to print the individual items from orders on different stickers to make labeling easier. Thanks [link] [comments]  |
| Posted: 04 Dec 2020 07:45 PM PST Hey everyone, Just want to start by saying I'm very new to all this. I created my Single Member LLC in August of 2020. I live in California, so the LLC in under the state of California. It is now December (4 months since my LLC was made) and my franchise tax fee is due, which is $800. I believe I have to pay this $800 AGAIN in April when my taxes for the LLC are due? Basically, COVID has been tough, and my LLC has made zero dollars. I don't have much $$ personally, and I can't afford this $800 fee. Is there a way to waive it? One option I was looking at was dissolving my LLC right now so I don't have to pay, and then reviving/recreate it in 2021 (I think this is allowed in California). Apparently the IRS is waiving the tax franchise fee for businesses that are created in 2021? However, I don't know if that's true. I'm really struggling and am at a total loss as to what I should do, any advice would help, I hope this makes sense. This payment is due in 10 days. [link] [comments]  |
| Posted: 04 Dec 2020 07:28 PM PST About to buy a speedy 100 Trotec laser and wondering if I should go with the 30w or will a 40w be a big upgrade and worth it as a starter machine. Also putting this in my garage, do most folks just upgrade their homeowners insurance or do you find some other insurance coverage for the machine? Thanks for your response [link] [comments]  |
| Lessons from a mobile detailer with $30,000 in revenue Posted: 04 Dec 2020 07:11 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]  |
| [Question] Branding/Marketing Department Posted: 04 Dec 2020 09:53 AM PST How many of you small business owners have a branding/marketing team? At what stage in your business development did you put one together? Is it internal or outsourced? I recently spoke at a conference with 20 entrepreneurs and found out none of them invested in branding or marketing, a few only recently hired a social media coordinator. [link] [comments]  |
| When to Start Buying Other Businesses? Posted: 04 Dec 2020 04:15 PM PST I built one successful business from scratch that takes in 700K gross and nets around 50% but am finding it more and more difficult to grow in my category and I want to move on to the next level. Does anybody have experience buying a business as an absentee owner? I feel like buying another business (like a gas station) that nets X amount a year is a good "cash flow" purchase. I dont want to buy a "job" just a cashflow. Curious to hear what others have done. [link] [comments]  |
| Happy Friday! I’m curious, how many hours per week do you work? Posted: 04 Dec 2020 04:39 AM PST Do you work more or less hours per week at different parts of the year? [link] [comments]  |
| What software/apps are you using to run your business? Posted: 04 Dec 2020 02:19 PM PST What software/apps are you using to run your business? Please briefly outline the type of business you are in as well.
Looking forward to seeing what's out there! [link] [comments]  |
| Posted: 04 Dec 2020 10:17 AM PST Hi all, any advice on the best place to print stickers from your art? I am looking for weather, fade, and scratch resistant. [link] [comments]  |
| How do I find a small business to buy from? Posted: 04 Dec 2020 12:24 PM PST This might sound like a dumb question, but how do I find small businesses to buy from? I want to try to purchase most of my Christmas gifts for others from smaller businesses, but I'm not sure how to find them online for specific things (right now I'm looking to get a nice work/laptop backpack and a nice pair of men's slippers). Any tips when Google searching would be great - most of the results that come up are about buying a small business, not buying from a small business. Thanks! [link] [comments]  |
| Certification to be a small business (SBA) Posted: 04 Dec 2020 08:32 AM PST Hi...I'm trying to head up a project to get our business "certified" as a small business with the SBA. We are not veteran, native American, or disadvantaged in any way. Just "small". The 8(a) form starts down the right path, but quickly turns to minority/disadvantaged/veteran. We looked online and can find no forms to fill out, just the informational qualifications (which we tic every box for SMALL). My boss is expecting a physical certificate for this to submit with our bids. Is there a form for certification? We have our MPID number and username and login to SBA.gov, LOGIN.gov, and FSD.gov. [link] [comments]  |
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