Accomplishments and Lesson Learned Friday! - January 01, 2021 Entrepreneur |
- Accomplishments and Lesson Learned Friday! - January 01, 2021
- A short summary of "Anything you want" - Derek Sivers
- Freelancer web dev, how do you manage the hosting of your customers to get passive income?
- Pre-seed funding - what does a 'good deal' look like?
- Example slide/pitch decks for SaaS?
- How many things do you like to work on at once?
- Productivity tools
- How much do business reviews really matter?
- ������ 3 ideas to promote your business
- Domain Investing/ Should I create a company for this?
- ISO Cycling Apparel Manufacturer
- I need a software recommendation to help me with my business
- I made an animated summary of "Who Moved my Cheese". I hope this is useful to you.
- FYI- What Is the Minimum Wage in 2021 - All 50 States!
- Entrepreneurs of this sub what was the one moment you feel made or breaker your business?
- Advice - Buying an Ecommerce store and turning into an affiliate site.
- Here's what I'm doing differently with my 2021 goals planning (with Notion walkthrough)
| Accomplishments and Lesson Learned Friday! - January 01, 2021 Posted: 01 Jan 2021 02:00 AM PST Please use this thread to share any accomplishment you care to gloat about, and some lessons learned. This is a weekly thread to encourage new members to participate, and post their accomplishments, as well as give the veterans an opportunity to inspire the up-and-comers. 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]  |
| A short summary of "Anything you want" - Derek Sivers Posted: 01 Jan 2021 05:02 AM PST "Business is not about money. It's about making dreams come true for others and yourself." "Making a company is a great way to improve the world while improving yourself." "The real point of doing anything is to be happy, so do only what makes you happy" No "yes". Either "Hell yeah!" or "no." When you say no to most things, you leave room in your life to throw yourself completely into that rare thing that makes you say, "Hell yeah"! We're all busy. We've all taken on too much. Saying yes to less is the way out. Start now. No funding needed. If you want to create something useful, you can always start now, with only 1 percent of what you have in your grand vision. It'll be a humble prototype version of your grand vision, but you'll be in the game. You'll be ahead of the rest because you actually started, while others are waiting for the finish line to magically appear at the starting line. Ideas are just a multiplier of execution
No advertising "I'm not trying to make money. I'm just trying to help musicians." The ideal of why we're doing this the customer. Would he ever say "Please fill your website with more advertising"?. Nope. So don't do it. Little things make all the difference "You have 5 hours and 18 minutes till our next FedEx shipment"- banner "We answered our phone within two rings, always" "<Company> loves [firstname]" instead of standard form "We'll do anything for pizza, if you want us to change something after the order has been sent out, order us a pizza for this address ..." "Any special requests" - field at the end of each order → one customer filled it with "cinnamon gum" - we put one into the order and it went viral. It's about being - not having People assume that the only reason to do something is to get it done - and doing it yourself is not the most efficient way. But they forget about the joy of learning and doing something. It may take longer, it may be inefficient, it may even cost millions of dollars in lost opportunities because your business is growing slower. But the whole point of doing anything is because it makes you happy. That's it! You might get bigger faster and make millions if you outsource everything to experts. But what's the point of getting bigger and making millions? To be happy right? In the end, it's about what you want to be, not what you want to have. To have something (a business, million dollars) is the means, not the end. To be something (a skilled entrepreneur, or just plain happy) is the real point. When you sign up to run a marathon, you don't want a taxi to take you to the finish line. Delegate or die - The self-employment trap To be a true business owner, make it so that you could leave for a year, and when you came back, your business would be doing better than when you left. If you think this wouldn't be the case, do the following every time someone comes up with a question:
Make it anything you want Happiness is the real reason you're doing anything. even if you say it's for the money, the money is just a means to happiness. You may be much happier as a 1 million business than a 1 billion business. If you are not happy with how big your company is getting - stop growing it. If you are not happy with your investor, banker, media,... meetings and would like to do more programming again - hire someone to do the job. Trust but verify Remember it when delegating, you have to do both. Especially for the crucial jobs. These are just my learnings. The book is quite short (<1 hour read) and packed with information, I really recommend reading it :) [link] [comments]  |
| Freelancer web dev, how do you manage the hosting of your customers to get passive income? Posted: 01 Jan 2021 12:12 PM PST Hi! I started my little web dev business and in order to get some passive income, I usually set up my clients on my servers and I make them pay from 25$ to 50$/month to have their website up. If they want to host it by themselves, no problem, but they don't get the free maintenance, small changes, etc. I am okay right now with three clients that bring me around 85$/month on hosting (minus the 25$ I pay for the servers), but how can I grow this even bigger? I am planning on making three websites per month (quick and easy to make/setup) and get exponentially more money, etc. If I can sell three 25$/month hosting per month, in a year, I would end up with ~900$/month. But, this would also mean 36+ clients to manage, to answer their request, etc. As much as on the logistics side (handling the connection to each server, storing the passwords, etc) as on the more business side (handling the requests, handling the payments, etc.), it will quickly start to get really confusing. I don't really want to pay for someone else to help me since the rates for web dev are quite high and if they aren't familiar with the websites, it will take even more time. I was wondering if anyone here had any experience with that? Like, handling multiple hostings like that, handling the payment, etc. (sorry if it's not really entrepreneurship related, I was more looking to find the right person to answer these questions and thought here could be the right place) [link] [comments]  |
| Pre-seed funding - what does a 'good deal' look like? Posted: 01 Jan 2021 07:45 AM PST I have a pre-seed startup (AI/ML) based in England, UK. My co-founder and I have built a prototype/MVP (kind of). Because we are both full-time academics, we're looking to get some funding to help us develop the company. I looked at a few options and the idea of giving away some equity in exchange for funding seems like it might be our best bet. However, I quickly realized I have no idea what a 'good deal' looks like. As an example, seedcamp.com state in their FAQ
So, my questions are:
[link] [comments]  |
| Example slide/pitch decks for SaaS? Posted: 01 Jan 2021 10:25 AM PST I am looking for example pitch/slide decks from those of you who've gone on to raise funding for you SaaS startup. I'm doing this now myself, but I'd like to learn from those of you who've already been through this phase. I realise I could Google, but I feel this approach (asking on reddit) is better because of the interactive element. I'd be grateful if anyone here would not mind sharing their deck with me. Thanks! [link] [comments]  |
| How many things do you like to work on at once? Posted: 01 Jan 2021 12:11 PM PST I think I may be putting too much on my plate. I am trying to open my business, but I am trying to find real estate to rent as well ( for the purpose of a rent free spot to have my business) . I'm thinking maybe I should just worry about opening first. I also try to do all these other things like new ideas that come up, learning the stock market , and tons of other things that I am trying to improve on and other ways to make more money for capital, I thought I could take advantage of being unemployed to make money in other entrepreneurial ways until I start but I think it just distracts me from my main goal. Sometimes I think it may be better to focus on my main business goals and put the other things aside, but I also feel like I should be doing everything I can. And maybe just work at a regular job and focus on my business until it's off the ground instead of trying to make money all these other ways in the mean time. I try to do 80/20 main goals/side things, but there's still a lot on my mind. How many things do you guys like to work on at once? Did you just focus on your business before you started or did you have a bunch of projects going on? Any advice for me? Id love to hear your stories. And Happy New Year! I hope everyone achieves there goals and resolutions, it's going to be a great year. [link] [comments]  |
| Posted: 01 Jan 2021 12:06 PM PST If you as many others believe that 24 hours of a day is not enough for one day and you have different projects in your mind to do, I suggest you to use productivity tools. I've been using these tools for a while, GoogleGoogle Calender , Pendulums for Time Management and Time Tracking, Trello for Task Management. I think time is the only thing in life we really have. Let's not waste our time in 2021. These three tools I mentioned above are free and very easy to use. Also Pendulums is unlimited in number of projects and team members for teamworking. If you know productivity tools like these, let me know please. In outbreak of covid-19 the best way is work remotely these tools help us. Wishing you beautiful moments,more health snd smile. Happy New Year 2021 [link] [comments]  |
| How much do business reviews really matter? Posted: 01 Jan 2021 10:56 AM PST I've heard from some that if they receive a negative review on an Amazon product their sales will immediately decline on that item. Makes sense. It would also make sense that negative reviews on a brick and motor business like a restaurant would severely deter potential diners. But if I'm being honest here I've seen several of the most popular restaurants in my city with mediocre ratings. 3.8-4.0 Don't get me wrong, those aren't BAD, but on Google where it's like every other restaurant is 4+ and terribly inexperienced barbers are 4.8+... that high ratings are commonplace more so than poor ones. I've also seen many highly reviewed restaurants shut down. 4.5+ with hundreds of reviews... but business was slow. I think fake ratings, bribed reviews and the like have made ratings largely superficial. [link] [comments]  |
| ������ 3 ideas to promote your business Posted: 01 Jan 2021 08:11 AM PST Post your business name &/or website and I'll give you 3 solid ideas to gain status and sales And if you want them to be converted to a campaign, hit me Edit - Hey there sun's gettin real low in India - My net's busted and so is my sleep cycle, will message everybody who comments (ETA 12hours) whatever it takes, however many hours it takes, so be sure to drop a comment and if you are feeling hearty upvote Edit2 - Maybe the influx of a lot of DMs, maybe my shitty excitel net, but my chatbox is busted rn, sorry for the delay but it is what it is [link] [comments]  |
| Domain Investing/ Should I create a company for this? Posted: 01 Jan 2021 10:14 AM PST I have a few domain names that I would like to sell off, but if this does well, I would be interested in domain flipping as one of many of the other ideas I have for a business. Should I turn this into a company or wait? A side note, I do own an LLC company, its main purpose is to act as a holding company and invest in my personal brands. I do this as some of these ideas may not take off and it saved on the extra fees and money needed to get them going. [link] [comments]  |
| ISO Cycling Apparel Manufacturer Posted: 01 Jan 2021 07:25 AM PST Any leads towards a great private label cycling apparel manufacturer would be much appreciated! Also, any tips about the fitness apparel business in general are welcome. Thank you! [link] [comments]  |
| I need a software recommendation to help me with my business Posted: 31 Dec 2020 08:08 PM PST So, I'm selling stuff to ecommerce platform similar to Amazon, eBay, etc. I'm also selling on my own site and direct sale (through chat or cash on delivery). Spreadsheet doesn't really cut it anymore, so my process is something like this.
Any idea which software are able to do this? I've checked Odoo/ERPNext, but it felt too complex and way overkill for me. I don't mind paying but I would prefer selfhosted or something under $25/month because it's a small business (less than 5 employees including myself) [link] [comments]  |
| I made an animated summary of "Who Moved my Cheese". I hope this is useful to you. Posted: 31 Dec 2020 03:10 PM PST Link to video: https://www.youtube.com/watch?v=PQhJkIPHiyw I've made over 80 summaries of the best self improvement books, here's a full playlist of them: https://www.youtube.com/watch?v=dOImyOGN9UE&list=PLaNTB6oQAa0AYuul0tqUscg1ZLj_arZga I release a new video every other day, 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. Link to video: https://www.youtube.com/watch?v=PQhJkIPHiyw I've made over 80 summaries of the best self improvement books, here's a full playlist of them: https://www.youtube.com/watch?v=dOImyOGN9UE&list=PLaNTB6oQAa0AYuul0tqUscg1ZLj_arZga I release a new video every other day, if you're interested in subscribing here's a link: https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1 [link] [comments]  |
| FYI- What Is the Minimum Wage in 2021 - All 50 States! Posted: 01 Jan 2021 08:37 AM PST |
| Entrepreneurs of this sub what was the one moment you feel made or breaker your business? Posted: 31 Dec 2020 07:32 PM PST I mean the absolute moment that was either could have had it all or nothing? [link] [comments]  |
| Advice - Buying an Ecommerce store and turning into an affiliate site. Posted: 31 Dec 2020 03:16 PM PST TLDR - Need advice on buying ecommerce store that is failing and turning it into an affiliate site. I've been working in digital marketing for years, alongside 9 to 5. Had this client for over 5-years. I'm very knowledgeable about the niche. I wrote most of their info and they were doing a few hundred thousand at one point. This isn't drop ship. They would order a ton of product and ship it out themselves. Sometimes it was prepackaged items, other times it was custom orders as they would put together for a customer. A confusing niche with many parts. Their suppliers have taken more of a direct to customer role with Amazon and having 'sister stores' or other entities they sell direct but as side name. So their sales are suffering. Covid didn't help. They've decided to close. I can buy this store but I don't have a desire to do direct e-com. Drop-ship is potential but really curious about affiliate. OR - if I find a buyer I get a cut. I see potential to add in other brands and more content. I also really like the topic. Sound like a sound idea? - and please list anything that I can research. [link] [comments]  |
| Here's what I'm doing differently with my 2021 goals planning (with Notion walkthrough) Posted: 31 Dec 2020 03:20 PM PST Hope you are just as excited as I am about 2021. If you've started to plan for the entire year already, let me hold you up right there. I'm not sure if you've experienced this before, but my extensive planning and goal setting never really works out accordingly... Every year I will have a list of things I want to knock out but within 1 quarter (3 months) I'm already off track. This year round I decided to try something entirely different. I've combined 3 simple concepts to help me achieve what I really want to gain out of 2021.
In 2020, I generated $1.2M in revenue through my design agency, but in 2021 I want to diversify my investment and not go all in with agency work. The goal this year is to generate multiple passive income streams. The agency land is quite taxing and demands a lot of my time even when I have a team. Instead of focusing on outputs (read x books, be more y, do more z), I tasked myself to set an elevator pitch first. An elevator pitch is a short description used to help explain an idea, product or business. Generally used by entrepreneurs to pitch their concept to investors. In 2021 it is to: 'Diversify my focus within the business towards 60% education, 30% innovation and 10% collaboration) - because I want to build a foundation that allows for more scalable revenue streams.
Then within Notion, I break down what I want to achieve in 2021 Q3 with the Objective Key Results system that help me move forward with the 60,30,10 plan in mind. It's a little hard to explain without images or a video, so if you want to watch the full video breakdown you can here on YouTube. What's your 2021 elevator pitch? [link] [comments]  |
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