For married couples, how important is it for one spouse to have a stable "regular job" to support the family and the other can run the business? small business |
- For married couples, how important is it for one spouse to have a stable "regular job" to support the family and the other can run the business?
- Starting a Bakery Business
- How profitable are dog daycares/ boarding places? Is it something I should consider looking in to?
- What’s a good way to say that the product will have a few minor imperfections?
- At crossroads: Taking a platform approach to business
- Filing annual returns for single member LLC taxed as S corp
- Any tips on starting a small business?
- Leaving One Job, To Start Another
- what advice do you guys have for starting a small business?
- Recommend me help desk software for eCommerce store
- Small business, about to hire my first employee, any payroll suggestions?
- SBA debt relief payment round 2
- At what point in a business is it effective to start running ads?
- Creative Ways To Find Drivers?
- Depop or Etsy for handsewn items?
- The dilemma of lawsuit or not... your thoughts are appreciated
- Tricky Employee Job Offer Situation, What would you do as a small business owner?
- Need some ideas on getting clients
- Sharing profits with employees
- Share small businesses when you can
- Chase Second Round PPP Application
- If I wanted to have custom made brass cosmetic compacts made, designed from a reference photo how do I do that?
- So I’m thinking of business ideas �� �� Any suggestions for a 20 year old girl would be amazing and how to go about it?
- Looking to wrap my trucks but not sure what to do
- How to get custom product packaging in small quantities?
| Posted: 26 Feb 2021 01:15 PM PST We are located in Bay Area, California. Living expenses are high. My husband and I own a business and we are doing quite well at the moment however we plan to start a family this year and insurance is expensive. I was thinking i could find a stable regular 9-5pm job for insurance while my husband runs our business. We are actually trying to expand and I'm worried if Im working another job i wont have time to build my business which is #1 priority. Insurance through covered CA is still pricey. I just worry if our business slows down we wont have enough funds to enioy our life with our growing family, but at the same time the thought of going back to a normal job is dreadful.... [link] [comments]  |
| Posted: 26 Feb 2021 05:37 AM PST I am a 21 year old junior in college now. I love to bake bread/pastries and want to start selling these. In Virginia under cottage laws, I can bake in my own kitchen and sell from my house or at a farmers market. With this cottage laws/exemption I won't need any kitchen inspection or permits. So for costs what I am looking at is: liability insurance (500k occurrence/1M aggrebate), a pantry shelf to keep baking supplies separate, local farmers market fee, and the kitchen inspection fee (won't be till the fall) The online sales and advertisement is very limited with the inspection exemption. I cannot post my menu or prices online, but I can have a page showing off my baking skills. I am thinking for the fall semester I will go through the kitchen inspection and permit process. This will allow me more freedom with online marketing and online sales. Plus make customers feel better with a "inspected kitchen" I would greatly appreciate any advice from others who have started something similar. How can I best advertise/market my business, with the cottage laws? And how to market after I'm inspected? Any advice on pricing and best way for that. [link] [comments]  |
| How profitable are dog daycares/ boarding places? Is it something I should consider looking in to? Posted: 26 Feb 2021 07:50 PM PST I've been dabbling in the idea of starting a dog daycare / boarding. I just want some basic feedback and opinions from Reddit to know if this is something I'm really interested in/ if it would be worth it to me at the end. I'm interested in a luxury dog hotel + daycare concept. Similar to camp bow wow / pooch hotel (these are national chains in America). Instead of kennels, each room looks similar to:concept 1 concept 2 - I like the windows facing to outside So no cages/ kennels, very 'comfortable' looking, natural light, tv's and webcams in the room so owners can check in on their dog. Several different play rooms to safely accommodate different dogs etc etc. This is NOT a new concept, and there are already a few in my area (I live in a big metropolis area/ major US city). So what would differentiate me from competition? Meh.. not sure... slight changes in design and comfort for dogs, but nothing proprietary besides room designs and small changes - but again I really haven't thought much about it seriously. This is costly because I want all new construction, because the basis of my whole idea is new, luxury, comfort for dogs. While money really isn't a 'problem', I really don't want to spend more than 150k for everything. Maybe 200k is my limit. This is without debt / not taking a loan. Do you think that's enough to get everything started from the ground up? I anticipate taking up a job at a similar dog hotel just to see how things are before I plunk down a single dollar in to anything, so maybe my mind will change afterwards.. or maybe I'll be even more interested. But in the mean time, what do you guys think? I've read about future hurdles such as zoning laws, insurances, licenses, etc etc... a struggle for sure. I just feel like dog daycares are always busy, people always need boarding, but a lot of people (like myself) don't trust regular boarding places and don't cater towards shy dogs or elderly dogs etc etc (I want all types of dogs, but I feel like all these hotels/ daycare don't keep in mind shy/ scared/ elderly dogs.. that's why they have kennels/ cages/ warehouse type 'rooms') and I want to be different - if it wasn't obvious, I'm a huge animal person which is why I have these ideas, but my point is to make money otherwise I wouldn't even think for a second about opening a business related to animals (I love animals, but prefer not to mix w business unless I see a big possibility of generating decent money). So what's your opinion/ advice/ concerns? Edit to add: I do the math and I get excited when I see this many dogs at daycare + dogs boarding = $$$. But I just don't know if I'll really get customers? I mean surely..... Competing dog daycare + hotels in the area are very busy, and even not so nice hotels are busy as well. I don't want jacked up prices, I want to offer competitive prices w membership options etc etc. I want this place to be really big, like accommodate up to 100~ dogs big. (NOT SAYING IM ACCEPTING 100 dogs right off the bat, but if things go well, I'll already have the space and construction ready). And 100 dogs doesn't mean 100 dogs spending the night. It could mean 40 dogs in daycare (that leave by the evening), 20 dogs boarding, and maybe 40 empty rooms etc. it's just open to the possibility of UP to if I ever feel comfortable accepting that many clients at once. And btw in case anyone fears the worst: I'm never ever doing anything to prioritize money over dog safety comfort and health. Just wanted to add that [link] [comments]  |
| What’s a good way to say that the product will have a few minor imperfections? Posted: 27 Feb 2021 03:25 AM PST I'm making hand made decoupage pots. If you're unfamiliar with it, you use napkins, gift wraps, etc to decorate the pots. If you are just cutting an image and gluing it to the pot, it's easy, and you can make a wrinkle free application. However, I like to wrap the entire pot with the gift wrap, and there will always be a couple of little wrinkles in the application here and there. You won't really see them unless you really look for them, and they, in my opinion, don't diminish from the beauty of the pots. A couple of people expressed interest in buying my pots so I want to start making some to sell. However, I wanted to add a note in my ad that as these are hand made pots, there will be some minor imperfections. But saying it just like that makes it sound like I'm diminishing my pots. So how could I word it better? Or should I just not say anything about imperfections, and just say that they are hand made and people are welcome to inspect and have a look before buying? Thanks! [link] [comments]  |
| At crossroads: Taking a platform approach to business Posted: 27 Feb 2021 03:16 AM PST |
| Filing annual returns for single member LLC taxed as S corp Posted: 26 Feb 2021 11:28 PM PST Has anyone tried to file S-corp annual returns (due april 15) themselves through turbotax business edition? How did it work out? My accountant charges a few thousand dollars for this and I'm wondering if I should just do it myself. I've filed taxes for my LLC through turbotax self-employed in the past and it was pretty straight forward, but this is my first year using S-corp designation for the LLC so I'm wondering if it would be too complicated to do through turbotax. [link] [comments]  |
| Any tips on starting a small business? Posted: 26 Feb 2021 11:16 PM PST My sisters' in law and I are seriously thinking of starting our own online business making and selling natural lip glosses, eventually we would like to build up from there but we have decided to just start with gloss. I'm looking for tips on establishing our business name and getting us out there. We are going to start with a website, Facebook page, and Instagram account to try and get it our there but I'm not completely sure the best way to present our products in a professional manner. We have steadily done research on the ingredients would like to use to make it. Any suggestions you have would be incredibly helpful. I guess I just want to know what you guys did to establish your business and grow it further. Thank you in advance (: [link] [comments]  |
| Leaving One Job, To Start Another Posted: 27 Feb 2021 02:58 AM PST A while back I posted about how it was time to leave my terrible job and the managers who took me for granted. It's still crazy to think about how I put up with them for even the slightest amount of time, but I have officially taken the steps to start my own business. I'm currently having my LLC paperwork processed, and I'm hiring for my new team. I've even taken the steps to educate myself by buying a digital marketing course to advertise my business. Things are starting to look up, and I hope I can update you guys sooner than later once I land my first client. [link] [comments]  |
| what advice do you guys have for starting a small business? Posted: 27 Feb 2021 02:28 AM PST i'm looking at starting a small business, buying wholesale baby goods and creating homemade baby goods to sell from home. what advice do you all have for someone wanting to start out? what could you have done differently now you look back on it? [link] [comments]  |
| Recommend me help desk software for eCommerce store Posted: 27 Feb 2021 02:18 AM PST can you guys recommend me any help desk software to manage my email into tickets to use like shared inbox with my future coworker? I have some conditions: -Mobile app (so I get push notification whenever something comes in and reply tickets from mobile) -AI function to give me auto suggested solution/reply to common issues or when someone just emails me a thank you for my service so I can reply it with a click -Auto translated tickets. I sell all over the world so people love to contact me in their local language. I am tired of putting every reply into google translate back and forth. An auto translation on tickets would be good. That is about what I really need [link] [comments]  |
| Small business, about to hire my first employee, any payroll suggestions? Posted: 26 Feb 2021 05:00 PM PST Title says it all. I'm about to hire my first employee. Due to COVID, the fact that we opened just 2 months ago and the winter season we've been incredibly slow. We are an in person business mostly, teaching art classes but I'm almost ready to hire an employee to help me cover classes I can't teach and to be able to double book on our most popular days. They can't be full time and will barely be part time due to the above circumstances until we get busy enough. What is a good payroll company or what can I do to minimize cost in having one employee that will barely work once a month, maybe twice until we get people signing up to our services? Edit: when I say can't be full time I mean I only need them for one or two shifts a month until we really pick up. [link] [comments]  |
| SBA debt relief payment round 2 Posted: 26 Feb 2021 08:27 PM PST Last year everyone with a 7a or standard SBA loan had six months of debt relief, which was really a nice surprise. We just were notified by the SBA last week that they are doing another three months of relief for our 7a loan. I've been looking where this announced and cannot find anything at all. The only mention of it being here but they give no details on it. Has anyone else gotten this and where can I find more information about it? [link] [comments]  |
| At what point in a business is it effective to start running ads? Posted: 26 Feb 2021 05:14 PM PST I currently run a small apparel business. This is our first collection that we launched in November 2020 so we have yet to be profitable. We are interested in running ads but I'm a bit apprehensive because:
I'm wondering if we should take our marketing budget and our time to something else, such as just building our brand and following organically, focusing on creative work, and gifting (sending product in exchange for posts). We are still small, around 1500 IG followers, but I feel like our creative and website are good (www.streetgrandma.com). Should we wait til we are profitable or a little bit bigger to run ads or does timing not really matter? [link] [comments]  |
| Creative Ways To Find Drivers? Posted: 26 Feb 2021 05:00 PM PST So my buddy owns a tow truck business and he's having a hell of a time finding drivers, which I know is nothing new in most areas of the US. Wondering if anyone has any creative ideas to try to find new hires in this industry where places like Indeed don't really work? [link] [comments]  |
| Depop or Etsy for handsewn items? Posted: 26 Feb 2021 03:25 PM PST Hi!! I handsew bucket hats, bags, shirts, whatever really, and I'm just getting started. So far I have set up a depop account because I think with the type/style/aesthetic of designs I have, that matches the platform best. I know Etsy is more well known for handmade goods but I'm not sure how to work Etsy if I'm being honest. Which would be a smarter move, in terms of audience and promotion? Or maybe use both? I'm so new to this, help! Does anyone have any experience with either? Thank you!! [link] [comments]  |
| The dilemma of lawsuit or not... your thoughts are appreciated Posted: 26 Feb 2021 01:03 PM PST We have three restaurants in the east coast and they are under separate LLCs which I own 33% while another two partners own 50% and 17%. COVID hit and has made things extremely difficult and we were fortunate to get around $400,000 ppp money per shop which could help stay afloat for a bit. Back in 2019 summer, the partners were taking about leveraging the ppp money by using family member to maximize the forgiveness to get the maximum return for ourselves which I refused. It is money laundry and I don't do shady business. Since that meeting, the 50% owner moved the 95% funds in the bank accounts to another bank accounts (I have no access to) for the using LLC for the reason of ease of management which I had doubts in mind but I bought his explanation since we were in business for over 11 years together. He promised to get me the bank access but never happened. Starting in August, he stopped sending me financial records from bank statements to cash flow and profit and loss reports with the reason of short staffed since he had to switch to a cheaper book keeper who is not as efficient. I have been patient and asked for the reports weekly and next thing we know it's feb 2021..... Since I wasn't getting any response from him, I asked my attorney to sent demand letters to him which we still haven't gotten any response for four weeks until yesterday and he gave us a whole bunch of BS and stating I am disrupting the LLCs operations. My attorney told me that if we file a lawsuit, very likely we will win but the litigation is long and expensive and there's no guarantee that it the judge would have the loosing side pay for the attorney fee. My concerns are if I don't do anything I would never get any financial that I would loose the checks and balance of the company which he would laundry the ppp and Sba loans for his own benefits leave the company to bankruptcy. If I file the lawsuit, it could cost me a whole lotta money without getting anything expect for financial records that goes no where. Even if I could proof that he paid people who doesn't employed with us and potentially launder the ppp money, it's a slippery slope that will take forever to proof and I'm not sure what good does it do for me.. a 33% owner... Any thoughts my Reddit friends? Really can use some helps here. Thank you Matin [link] [comments]  |
| Tricky Employee Job Offer Situation, What would you do as a small business owner? Posted: 26 Feb 2021 04:22 PM PST Our small business had two job openings posted online, one for customer service and another for accountant. We sell electronics. A person applied for the customer service position and during the interview we liked what we heard about his customer service experience. When we sent out the job offer by email however, we accidently sent out the accountant position job offer to him instead. The job offer paper states the accountant title, and bullet points the accountant duties, and pay. He accepts the job by email and begins working. At this point, we still had not realize we sent out the wrong offer. He accepts the position and starts work as an customer service agent and we referred him to him by that title. He did not perform or attempt to do any accounting duties. A week later we realize we had sent the wrong job offer to him. He is angry because the pay for accounting is much higher than for customer service. He says he only took our job because the pay was so high. Our issue with this is even though the wrong job offer was sent. Why did he accept the job offer and not bring up the accounting thing? He does not have any accounting skills nor experience. He did not do any accounting work while he was here. During his week here, there were several opportunities for him say something but he did not. At some point while he was working we even told him we were looking for an accountant position to fill, but again he didn't say anything. He also had a target pay rate he asked us for during the interview, but the accountant position job offer exceeded that greatly by over 50%, didn't he think that was weird? As a small business owner, how would you deal with this situation? [link] [comments]  |
| Need some ideas on getting clients Posted: 26 Feb 2021 10:06 PM PST Hey guys I've never posted to Reddit before but any feedback would be really helpful. I'm a 17 year old Highschool student and I basically run a small business selling cars for clients. I'll sell vehicles on the internet in exchange for a 5-10% commission. I think the idea seems pretty reasonable because I usually sell the vehicle for more than the owner would get anyways so we both win. This has been pretty profitable for me and I love it, it's better than any part time job I could have. However I've always had one problem, my issue is getting clients, or advertising my business. I don't have an issue selling vehicles. I'd like to maybe work for a couple used dealerships because then I could always have a stock of vehicles to potentially sell but I'm not sure how to approach them. Does anyone have any ideas how I could market my business and get more clients ? I have a small budget to work with now. [link] [comments]  |
| Sharing profits with employees Posted: 26 Feb 2021 08:43 AM PST I run a small established equipment dealership with approx 15 employees and revenues around 8m. It's been quite profitable even through covid, and I'm looking to make a major life change. I'm tired of the long cold snowy winters and my wife and I want to move south and live close to the ocean. Tossing around the idea of handing current location over to my very capable staff and starting a smaller and less diverse branch near the new location we settle in. Wondering about how I could offer some Profit sharing to employees for current location so I can get away from being there daily and maybe just swing back for a few days each month for a manager/owner meeting etc. Thought about selling, but there is very little blue-sky in my industry, and a low bar of entry. Also wouldn't want to sign a non-compete since I want to remain in the industry. Rather would collect the rent on the property and let the business run itself while I tinker with a "lite" version in a warmer climate. What would a plan look like? Would ratios be based on position, or tenure? What would happen when new positions are created or eliminated? How much would you share % wise and how would you protect the company if there was a big fall off? I have two managers I really trust and with some more training, would trust them to fill the roles I currently serve. Looking at a direct payment system, not a retirement type plan Thanks all [link] [comments]  |
| Share small businesses when you can Posted: 26 Feb 2021 09:42 PM PST You help more than you know when you share others' businesses! I've just started one but won't go into that as not sure on the rules here but helping people is so important I didn't realise how so until I started my own xx [link] [comments]  |
| Chase Second Round PPP Application Posted: 26 Feb 2021 09:01 PM PST I received both the PPP and EIDL in April (EIDL) and May (PPP) of 2020. I'm applying for the second round of PPP now, and I am having a difference in the numbers I came up with for the SBA application and what Chase "prefills" for the loan amount based on average monthly payroll. The reason is because on the SBA loan application is asks to add the amount of EIDL ($51,800) to the loan request. On the Chase application it doesn't show where I can add this amount. Has anyone found a solution to this? Can I edit the "average monthly payroll" amount in order to receive the correct loam amount? Does Chase automatically add in the amount of my EIDL? If so, how do they know that amount? I've tried calling Chase and was on hold for 4 hours before I was disconnected. Also I was denied the first time around for insignificant proof of being in business on February 15th 2020 although I think I now have enough proof to submit. Thank you in advance for your help. [link] [comments]  |
| Posted: 26 Feb 2021 01:18 PM PST |
| Posted: 26 Feb 2021 08:21 PM PST I'm only new to this but I have been wanting to start my own business for a long time. I have no idea where to start but have a few ideas on what I want to do.
I would really love some insight and help with going ahead with an idea. I've always been the type of person to have so many ideas which I then get overwhelmed and don't end up doing it. I would also like to know if anyone else is in a similar situation and would like to come up with something? If it helps if from NSW Australia. [link] [comments]  |
| Looking to wrap my trucks but not sure what to do Posted: 26 Feb 2021 08:09 PM PST I run a landscape company, we do everything so I'm not exactly sure what I want to do in terms of wrapping. I want something that won't be too in your face. My logo has a willow tree so I was thinking maybe a photo of a willow tree against a blue sky? Right now my trucks are just white with my company name, number and logo in a dark green text. They're boring which I think may be a reason I don't really get too many calls from people saying they've seen our trucks around town (I ask everyone how they found us). I used a site called wrapmate and it comes up with a design on the spot using your website and it looks cool but it's a photo on my site of a tree with a guy in a bucket cutting a branch. I do tree work but I don't want people to think that's all I do. I'm still in the early thought process and I know that there's a lot to think about when rebranding like this. Do you guys think it's even a good idea for a landscape company to pump tens of thousands of dollars into wrapping vehicles if they aren't a national brand like Brightview? [link] [comments]  |
| How to get custom product packaging in small quantities? Posted: 26 Feb 2021 12:33 PM PST I'm trying to understand the prices and achievability of creating custom metal compacts molded in a design I want, from an actual reference photo. And wondering the cost or a manufacturer that would make them in small quantities? Also just letting me know what this is call or what to search for who does this kind of thing would be helpful. Thank you [link] [comments]  |
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