What is the single best, highest ROI investment you´ve ever made into your business? Entrepreneur |
- What is the single best, highest ROI investment you´ve ever made into your business?
- Principles - Ray Dalio (�� Book summary)
- Have a small website business (9 clients, $6500 ARR) that I want to get rid of. Where do I find buyers?
- Approached by a cousin to sell spices online.
- Updated my failure log today, sharing so you can learn from me - deep dive into Sauce - my first real startup that we sold
- Should I fully focus on becoming an entrepreneur?
- Who are your favorite providers of content about entrepreneurship on social media?
- Dropshipping(help me please)
- I have a unique business idea that I’ve saved the capita(10k) for but I’m worried about failing
- Anyone that regrets firing a client?
- How does a service like Instacart compete with in-store delivery service?
- Role of determination in Entrepreneurship?
- For Online Fitness coach What Type of Email Leads I can provide? i.e - Linkedin
- The value of a Domain name?
- How Much Equity should I give My First 2 Investors?
- Outsource manufacturing
- I made an animated summary of "Who Moved My Cheese?" By Spencer Johnson. I hope this is useful to you.
- How do retail entrepreneurs manage products?
- What is the next upcoming form of online entrepreneurship or what is ur current favorite one?
- Indian investors?
- I spent 3 HOURS on a phone call to eventually introduce a potential prospect to my business and get them as a client
- My biggest weakness is sleep
- Any good books on crisis management?
| What is the single best, highest ROI investment you´ve ever made into your business? Posted: 06 Dec 2020 04:27 AM PST What is THE thing that made the most positive impact on your business? [link] [comments]  |
| Principles - Ray Dalio (�� Book summary) Posted: 06 Dec 2020 09:11 AM PST 5 steps to success
Step 1: Have clear goals
Step 2: Identify problems/obstacles
Step 3: Diagnose the root cause
Step 4: Design principles for avoiding the problems/obstacles in the futureStep 5: Follow the principlesWhat are principles?
How to find principles?
How to improve your principles?
To read the full summary, go here! [link] [comments]  |
| Posted: 06 Dec 2020 10:33 AM PST Started a website business in 2008 as a side hustle. Full time work and life took over, now it has been in maintenance mode for the last 5 years. I figured it is probably time to sell it, but I have no idea where I would list it for sale on the internet and if anyone would be interested. Thoughts? [link] [comments]  |
| Approached by a cousin to sell spices online. Posted: 06 Dec 2020 01:36 PM PST Hello, I have a cousin who found an amazing ma and pa spice shop that made really good blends and rubs for BBQ. He would spend hundreds of dollars on these gift sets for friends and family each year. They had a barebones web presence and a site that looked it was set up by teenager. Anyway the shop ended up closing its doors in 2018 and released a recipe book shortly after for their fans. My cousin approached me about setting up a business selling these spice blends. Always looking for the next big thing it occurred to me that he might be on to something but have hesitations. He wants a 50/50 partnership. My expertise is in branding, web design, social media, and packaging. His expertise is in production and project management. His mom runs a soup kitchen for a local church that is completely certified by state and local officials to be used for food production. He thinks that we could rent space from the kitchen to make and package the blends. The next thing is sourcing, I found some wholesale suppliers that are well rated but would have purchase atleast 100lbs to get any type of meaningful volume discount. He thinks we just need to slightly change the recipes and come up with original names to not get sued, but I am hesitant as I want to know how much needs to changed from a quantifiable amount to cover our ass. I also think it is a tough sell to convince people to buy a spice blend they've tried from an unknown brand and that online sales will be slow until we can build a base through demos and influence marketing. Next thing is sales, neither of us are true sales people and we would need someone in the industry to really get our product on retail shelves. He also has way deeper pockets then I have and for better or worse will be the captain of this ship because of this. Lastly, he wants to use an aggressive branding image that's full of sexual innuendos. I said that was a non starter for me and I want final creative decision for branding. What does /r/entrepreneur think? [link] [comments]  |
| Posted: 06 Dec 2020 08:26 AM PST What was it? In 2014 I joined forces with my college buddy and partner in crime (we also built this in college) to build what I regard as my first real tech startup - Sauce.Sauce started out as an easy way to add social logins & social features to Shopify stores. Plot twist - 5 months in we realised we could not increase revenue no matter what we tried. We pivoted into a platform that let ecommerce stores leverage their customer CRM and cookie data to personalise ads, sites and emails in real time. What were the results?
Post mortem
For better or for worse you can follow me over at twitter as I continue to document my journey. [link] [comments]  |
| Should I fully focus on becoming an entrepreneur? Posted: 06 Dec 2020 07:30 AM PST Hello. I'm 25 years old, college educated, and a software engineer. I'm wondering if now is the right time to temporarily give up my social life, personal time, and friends to pursue my entrepreneurial dreams. [link] [comments]  |
| Who are your favorite providers of content about entrepreneurship on social media? Posted: 06 Dec 2020 01:49 PM PST Hello folks! So I'm a still a newbie in the business-founding world. I've bought some books. And I found out about some great insightful blogs and podcasts that I follow now. But I was hoping to find some pages on social media that provide valuable entrepreneurial content. As great as the aforementioned resources I found have been, it's still not easy to make time to delve into them because I have a time-consuming job and founding my own business isn't a priority for me right now. That's why I want to add entrepreneurial content to my personal social media feeds. It would just make sure that I have content about entrepreneurship in front of my eyes regularly and also remind me to check out the more extensive resources. So which social media (Facebook and Twitter mainly) pages do you guys follow for quality entrepreneurial content? To clarify, I'm not really looking for content like motivational quotes about who an entrepreneur is. I'm not looking for news about investments and whatnot either. I'm more in interested in pages that would provide infographics, case studies, and discussions about important theories (like the disruptive innovation theory, for instance). I would really appreciate the help! Thank you all! [link] [comments]  |
| Posted: 06 Dec 2020 09:51 AM PST I see some posts about this but for some reason, its very hard to get a good, real answer. My first question is how many people on here dropship and are successful. There seems to be a million people on youtube that do it, but I get the feeling they make more money from youtube and their courses than dropshipping. My second question is if you have been successful, how the hell did you find a good niche. Again everyone who is successful doesn't want to share their niche(which makes sense) but I have been grinding trying to find niches, create sites, and advertise, yet I haven't had any success yet. any help or advice would be great. Like most of you, I don't want to do the 9-5 doing mindless work for someone else. [link] [comments]  |
| I have a unique business idea that I’ve saved the capita(10k) for but I’m worried about failing Posted: 06 Dec 2020 01:01 PM PST Hey there, I work a regular job approximately 32-40hrs per week and I've been sitting on this advertising idea for a while. I have 10k saved up for the initial capital, I've written a business plan and I have an "attack" plan on how to go out and get business but I'm worried about spending the 10k in capital and the business ultimately being a flop. Any advice? [link] [comments]  |
| Anyone that regrets firing a client? Posted: 06 Dec 2020 12:45 PM PST One piece of advice repeated consistently in the entrepreneurial world is that you should fire your bad / high maintenance / problem clients even if they are paying well or they have great growth potential. But is this just the survivorship bias talking? Anyone who fired a client and regretted it, what's your story? [link] [comments]  |
| How does a service like Instacart compete with in-store delivery service? Posted: 06 Dec 2020 12:31 PM PST Hey! I was looking at starting a grocery delivery service in my town and country. The problem that's bugging me is that there are chain stores that offer delivery too, for free. They don't do it yet in my town, but how do you stay competitive after they expand? [link] [comments]  |
| Role of determination in Entrepreneurship? Posted: 06 Dec 2020 12:18 PM PST I just read thisarticle from Paul Graham blog:
If I understood him correctly, he means that literally 90% of startups (that he funds, so that have a minimal threshold of skill) would be successful, up from around 30%~ I think in their batches. Do you think that is true, does it match your experience? Do you think I understood this paragraph well? [link] [comments]  |
| For Online Fitness coach What Type of Email Leads I can provide? i.e - Linkedin Posted: 06 Dec 2020 12:12 PM PST I have to provide email leads to the Online Fitness coach What Type of Email Leads I can provide? from LinkedIn like CEO, Founders, business owner any other [link] [comments]  |
| Posted: 06 Dec 2020 07:54 AM PST Hi guys, over a year ago I had a project and I grabbed myself a pretty neat .co.uk domain name, that project ended up falling through after RL stuff happened and not having enough resources to persue this. Today I was contacted by a small company who has the domain in a .uk style, wishing to purchase my .co.uk domain, they offered £100 for it. I was wondering the value of this domain, I was hoping I'd be able to get a bit more for it. Thanks in advance. [link] [comments]  |
| How Much Equity should I give My First 2 Investors? Posted: 06 Dec 2020 04:07 AM PST I have researched an industry, found an app idea that many are welling to use, designed the app wireframes and found a development agency to build it but ran out of money and could not hire them. I prefer to keep as much ownership as possible until I get good traction on this project. But, I need to finance the project to move forward fast. I'd appreciate your advice. Thanks! [link] [comments]  |
| Posted: 06 Dec 2020 11:11 AM PST I'm a computer engineer, i want to start an electronics toys business, i can design the toy from A-Z but i can't manufacture it so i want to outsource the manufacturing process to factories in China or India My question is , how to do that ? I literally don't know anything about the process other than designing the product. Thanks in advance : ) [link] [comments]  |
| Posted: 05 Dec 2020 09:00 PM PST Link to video: https://youtu.be/PQhJkIPHiyw I release new videos often, if you're interested in subscribing here's a link: https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1 If you'd prefer to read the script instead of watching the video, here it is: Summary of Who Moved My Cheese by Dr Spencer Johnson Introduction Who Moved My Cheese, written by Dr. Spencer Johnson tells a parable story about two men and two mice, and shares insightful advice about what you can do to change your life when you don't let fear hold you back. A Summary Of The Book There are four characters, which are introduced into this story; two mice, Scurry and Sniff; and two men, Hem and Haw. Scurry is always quick to act, while Sniff has a knack for smelling change at an early stage. Hem is someone who is resistant to change because he feels change is going to bring about something worse. Haw, on the other hand, resists change at first, but then quickly learns to adapt when he sees that change could potentially lead to something better. These four characters represent the complexities that make up our human personality and our journey towards success. The Story of Scurry and Sniff Scurry and Sniff are simple little creatures. They do, however have good instincts. They spend a considerable amount of time scurrying up and down the maze in search of cheese every day. They hurry from one corner to the next, turning around if they don't spot any cheese in sight. Each day, the two little mice check on their cheese to see if there has been any changes to the cheese, and they keep on their toes just in case they might have to be on the move again looking for new cheese. The Story of Hem and Haw Then we have Haw and Hem, who also spend their time within a maze in search of cheese. However, they aren't searching for the cheese because they are hungry. On the contrary, Haw and Hem are searching for the cheese because they believe that finding it is what will lead them to feel happy and successful. Unlike Scurry and Sniff though, Haw and Hem tend to overthink because of their complex brains. Haw and Hem start to consider the quickest way to locate the cheese, what strategies work best to manoeuvre the maze, how to keep track of the strategies, when they will finally locate the cheese and what it will feel like when they do. Naturally, they also start to wonder if the cheese even exists in the maze at all. However, once they do locate their cheese, Hem and Haw quickly become complacent and settle down, satisfied with their cheese stash. One day, when both mice and men wake up to find their cheese gone, the little mice immediate spring into action and running off in search of more cheese while the two men stand by in shock at this terrible turn of events. The mice aren't as horrified by what has happened because they have been watching their cheese supply from the minute they found it, constantly watching for signs of change. The Reaction That Follows Hem couldn't believe what happened and insists on standing his ground, staying right where he is. He believes that they should be compensated for the loss of cheese because life was being unfair. He refuses to leave the place where the cheese was and decides to stay where he is, even at the risk of fading away. Haw, on the other hand, is reluctant to change at first because he finds it difficult to comprehend the turn of events that has happened. Haw is initially terrified of returning to the maze and searching for new cheese because of what happened, but soon comes to realize that looking for new cheese is still better than staying in a place that has no cheese at all. With the thought of finding new cheese on his mind, Haw resolutely pushes forward. When he is almost at the brink of giving up, Haw finally finds some new cheese in a different part of the maze. Here, he finds Sniff and Scurry there, already enjoying some the cheese and this time, Haw joins in the enjoyment. The one thing Haw does differently this time is to continue searching for new cheese while enjoying what he has, and now he too checks on his cheese daily for signs of change. Key Takeaways There is always success to be found. Even when you think you have achieved the success that you've always wanted, it doesn't mean you're automatically set up for life. Haw eventually came to that realization and went in search of new cheese on his own and refused to be paralyzed by fear any longer. Adapting to change and letting go of the old ways is something we must all learn to do, and when we have found some cheese, we should enjoy it but never stop searching for more cheese to keep us going. When going through the maze Haw wrote messages on the wall for Hem to read if he ever was brave enough to venture out into the maze. Cheese can represent anything you want in life, happiness, money, love. Here are the things he wrote: Have cheese makes you happy The more important your cheese is to you the more you want to hold on to it. If you do not change, you will become extinct What would you do if you weren't afraid? Smell the cheese often so you know when it is getting old. When you move beyond your fear, you feel free. Imagining yourself enjoying new cheese even before you find it, leads you to it. The quicker you let go of old cheese, the sooner you find new cheese. It is safer to search in the maze than to remain in a cheeseless station. Old beliefs may not lead to new cheese. When you see that you can find and enjoy new cheese, you change course. Noticing small changes early helps you adapt to bigger changes that are to come. Change happens. They keep moving the cheese. Anticipate change. Get ready for the cheese to move. Monitor change. Smell the cheese… Change. Move with the cheese. Enjoy change! Savor the adventure and enjoy the taste of new cheese! Be ready to change quickly and enjoy it again and again. Keep moving with the cheese. I hope that was useful, have a great day! I release new videos often, if you're interested in subscribing here's a link: https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1 I've made over 60 summaries of the best self improvement books, the links are below. Full playlist of them all here: https://www.youtube.com/watch?v=dOImyOGN9UE&list=PLaNTB6oQAa0AYuul0tqUscg1ZLj_arZga Here are the links: Make Your Bed: https://www.youtube.com/watch?v=z7mBNcI2H1c The power of the subconscious mind: https://www.youtube.com/watch?v=UNi9zDGaZtw Getting things done: https://www.youtube.com/watch?v=oCNN2pyO5Yc The power of intention: https://www.youtube.com/watch?v=7ezM3fIKHTY Deep work: https://www.youtube.com/watch?v=2SOQpjHKESA The magic of thinking big: https://www.youtube.com/watch?v=wdQRQ82AED8 The alchemist: https://www.youtube.com/watch?v=NcQjBghtxMU Blink: https://www.youtube.com/watch?v=rie9Pkp4Ktk Atomic Habits: https://www.youtube.com/watch?v=B6u0X0CDEqU The E-Myth Revisited: https://www.youtube.com/watch?v=ctHTVZRnE7g Mindset: https://www.youtube.com/watch?v=0QU5Q3lyTqo The art of war: https://www.youtube.com/watch?v=8_5qhA2y-E4 Rework: https://www.youtube.com/watch?v=zsaZU-HW18k The lean startup: https://www.youtube.com/watch?v=j6QPZp--lJE The hard thing about hard things: https://www.youtube.com/watch?v=yl_Q3E5d33U Crush it!: https://www.youtube.com/watch?v=onbmkc-29KI Delivering Happiness: https://www.youtube.com/watch?v=GiUWCZkHbA8 The personal MBA: https://www.youtube.com/watch?v=eFpXccN3YEU The $100 startup: https://www.youtube.com/watch?v=Cqa1LqahOLE Zero to One: https://www.youtube.com/watch?v=RGtQjkSUahc Grit: https://www.youtube.com/watch?v=doUSy1Eo76s Start with why: https://www.youtube.com/watch?v=LgMnlf4jcYY The compound: https://www.youtube.com/watch?v=0nSIiAMnDY0 The Prince: https://www.youtube.com/watch?v=lzVmhWFdwBQ The willpower instinct: https://www.youtube.com/watch?v=Jz5EXLYxWDQ The slight edge: https://www.youtube.com/watch?v=sItMk2xS_ZU Meditations: https://www.youtube.com/watch?v=ul2nuHOnCPI Who moved my cheese?: https://www.youtube.com/watch?v=PQhJkIPHiyw The One Thing: https://www.youtube.com/watch?v=cS5lgHhbUoM The richest man in babylon: https://www.youtube.com/watch?v=xbnHlWFnWLs The power of habit: https://www.youtube.com/watch?v=d366w-o8nhA Secrets of the millionaire mind: https://www.youtube.com/watch?v=R1WjeoCw30g The 6 pillars of self esteem: https://www.youtube.com/watch?v=Y5NRiB_-w10 The 7 Habits of Highly Effective people: https://www.youtube.com/watch?v=_nGzZ9m_Xsg Thinking Fast and Slow: https://www.youtube.com/watch?v=fqw9dwxiKSw The 4 hour work week: https://www.youtube.com/watch?v=tCWzSlAqO0g The power of positive thinking: https://www.youtube.com/watch?v=IAdxM_19KBc The power of now: https://www.youtube.com/watch?v=wa7mAlLhD3w Think and grow rich: https://www.youtube.com/watch?v=btQNKjSy8Ww 12 rules of life: https://www.youtube.com/watch?v=9InBOOy1eTU The 5 love languages: https://www.youtube.com/watch?v=nPq4Vxh74jY Rich Dad Poor Dad: https://www.youtube.com/watch?v=GV31Wpr2Fl8 How to win friends and influence people: https://www.youtube.com/watch?v=s61o8y22BpM The inside out revolution: https://www.youtube.com/watch?v=68OwvuqZEGo Models: https://www.youtube.com/watch?v=Hs0d7Da8ufo Man's search for meaning: https://www.youtube.com/watch?v=eyXFQ5W0bMk The subtle art of not giving a fuck: https://www.youtube.com/watch?v=dOImyOGN9UE How to stop worrying and start living: https://www.youtube.com/watch?v=qUQXrEk52Ug The millionaire fastlane: https://www.youtube.com/watch?v=vrtjXONWVfA 5 extremely powerful techniques to master motivation: https://www.youtube.com/watch?v=vmRzDIisUeM Quiet by Susan Cain: https://www.youtube.com/watch?v=SzRcYLq63dU Extreme Ownership: https://www.youtube.com/watch?v=eMWeEyqWHe0 [link] [comments]  |
| How do retail entrepreneurs manage products? Posted: 06 Dec 2020 10:46 AM PST I guess this is a question for small businesses and large companies like Zara, Crate and Barrel. I am specifically interested in knowing how often do you introduce new items to customers? After how many months would you put an item in sale and remove it from your shop? Also, are there any items that are timeless/ you would sell indefinitely? If yes, how do you identify those? From sales forecasts? Thank you, [link] [comments]  |
| What is the next upcoming form of online entrepreneurship or what is ur current favorite one? Posted: 06 Dec 2020 06:56 AM PST There are lots of methods these days wether them being drop shipping, various forms of marketing, and tons more. Which one is your favorite or do u recommend? Is there a new one on the horizon people don't know about yet? [link] [comments]  |
| Posted: 06 Dec 2020 06:55 AM PST Hey, looking for an indian investor who's willing to invest in manufacturing industry ( will send a pitch deck and all the other details personally ) [link] [comments]  |
| Posted: 06 Dec 2020 08:34 AM PST I want to know if there's a way around this.. people often say BUILD RELATIONSHIPS and not introduce your services as the bait in conversations off the bat. Yesterday, I found a prospect on FB and was messaging and then I suggested a call which he was open to doing (but he usually doesn't do) because I had brief conversation with him. Pretty friendly guy. The call lasted 3 hours but I just spent that getting to know him instead of making it about me. After maybe the 2 hour mark I then made it known as to what I do and how he may benefit from it. He didn't mind taking me on to help him but he jokes and says "OH SO YOU ONLY DID THIS TO GET ME AS YOUR CLIENT"... ofcourse it was a yes but I didn't let him know that lol but now I'm working with him because he was able to tell me the problems he was having not even knowing what my line of work was. Also— his conversation was pretty good so I didn't mind. What do you think? Get to know potential clients or should I just come out from the jump and let them know WHY I'm reaching out. I don't want to lead them on. [link] [comments]  |
| Posted: 05 Dec 2020 06:58 PM PST Is anyone else suffering from a sleep disorder? It's the only thing that's hurting my gains, mood and overall achievements. I wake up 5-10x a night. Wake up extremely tired. Use all my sleep monitoring and data to look for clues. Still unsure. What do you guys do. [link] [comments]  |
| Any good books on crisis management? Posted: 06 Dec 2020 08:08 AM PST |
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