Accidentally used company card for personal use. small business |
- Accidentally used company card for personal use.
- What should my first social media posts be for my new business accounts?
- How my business survived the CVID19 crises
- Pivot plans and goals after health loss and business suffering
- How did you go about growing a successful small business and what exactly do you sell?
- No sales - thinking about just investing in amazon drop shipping business
- What are the next legal steps for my small business? LLC? I am 19 years old.
- Giving up ownership + personal dynamics
- Starting a niche business
- I run my business out of a home, but don’t have a dedicated home office, am I shit out of luck?
- I sell greeting cards on Etsy. I have a selection of 36 designs. At what point would you stop adding new designs to your collection and let the current selection sell first?
- LTL Freighting Questions
- Passive income type of side hustle??
- Franchise pizza business store
- When should I have my family & friends shout out my business?
- How many sales per month can you realistically expect if you are selling only through Facebook and shipping each item to customers' doorsteps?
- SHOE SELLING BELGIUM
- Payment Processors
- Ideas for 20k sqft vacant land near coffee shop / taco bell / convinience store plaza?
- Ideas Needed: Marketing a Kid's Gym
- No idea where to start
- Full-Time Job but interested in buying a business
- Fashion start up!
- Buying existing restaurant instead of building from scratch
| Accidentally used company card for personal use. Posted: 06 May 2021 08:37 AM PDT OH NO, I just used my business' debit card at the pet store to buy a dog treat! Definitely not a business purchase and don't even know how I could spin it to be one. It was less than $3 but REALLY don't want to mix personal and business funds. How do I handle this? [link] [comments]  |
| What should my first social media posts be for my new business accounts? Posted: 07 May 2021 01:25 AM PDT I have been on social media for years like most of us but I am nervous about sounding like a weirdo on my first business page posting. As I have not published the pages yet I am nervous about what it should be. Sounds silly I know but do I talk about what I am doing or as I am not 100% ready would it seem strange putting a "More details and updates soon" post. Apologies about this ridiculous post in advance [link] [comments]  |
| How my business survived the CVID19 crises Posted: 07 May 2021 01:11 AM PDT Hello guys! I would like to share my story with how I faced the crises during the pandemic and how I managed to save my business. Well, not save, but change my direction. I used to live in Milan when the pandemic started. I'm fascinated by style and fashion. I decided to live in the Fashion capital and even applied to the Marangoni Fashion Institute. After a while, I decided to open my own store, and I did pretty well before the pandemic started. As you probably remember, Milan and Venice had the most cases, after China. It negatively affected my business. Also, my appearance negatively affected my business. I'm Asian. You may see it from a photo I posted below. I'm okay with the way I look and never had problems with that. But when the coronavirus reached Milan, people started to avoid my store and me. I couldn't ask my parents anymore to send me more money. Besides, I had no money left for living, not even talking about paying wages to my team. After a month of struggling, I decided to take my last opportunity and leave the country. I permanently shut down my business in Italy moved back to the US. However, I decided to continue my business in the US. I decided to avoid any risks with opening a store in my city. Instead of it, I opened an online store. Surprisingly, even during the lockdown, when everyone spent most of the day wearing PJs, people kept shopping for clothes online. Besides, to face the competition, I made the right step by hiring an SEO company. Guys from https://www.cardinaldigitalmarketing.com/services/seo/ helped appear on the first page of the google search when my potential customers looked for s=clothes they may purchase online. I still have no idea how it works, but I don't regret paying them. Maybe they played a crucial role in my success. My sales were higher compared to the sales in my store in Milan. Maybe because Italian fashion is way more popular in the US. Anyway, I don't regret that I changed my business direction, and hopefully, my story will inspire someone here. [link] [comments]  |
| Pivot plans and goals after health loss and business suffering Posted: 07 May 2021 01:26 AM PDT Hi, I don't know all to say here. There is a ton of crap nonsense going on right now. I've had multiple health complications come up and had multiple surgeries. Been out for about 9 months now. My body is in crazy mode right now. So much imflammation. I don't know when I'm gonna get better. I started a construction business about 3.5 years ago. I started it from nothing. Did all the labor myself. 2020 I had enough growth to hire my first employee. Mid 2020 is when my health went downhill. I'm very frustrated. Spent so much time building this. It was paying my bills and I was reinvesting money back into equipment and the business. So so much money is gone now. So so many medical bills. I think I need to listen to my body. No more construction for a living. I think I am done. I don't know how to pivot. Having a business and working for myself was a dream of mine. It all seems shattered. I've applied for jobs. I got in a 2nd interview with a fortune 500 company. Last of 3 canidates. I didn't get the position. It was a decent salary remote work position. I don't even want to work for a huge company. I like building my own business. These health struggles make day to day really challenging. I don't know what career change to do. I think I may have to have a job for a few years to get back on my feet. I want a business. This is my thing. My personality. IDK. It's so tough. It was so hard for me to figure out this business and what I enjoyed. I really enjoyed working with my hands. Can't really do that as of now and for a while. I went from college and said screw it I'm gonna start my own business. I don't know what to say. This is demoralizing. I get so many calls still for construction. Ive started routing the calls to another company. This is just nuts. I feel like I'm starting all over again. I come from a background of nothing. I wanted to be self made and self sufficient. It's so crazy how fast life can change. The realities of life and entrepreneurship. It's brutal. There's gotta be other people out there who have gone through similar things. What's some good things to do? What are some alternatives? Things just crashed and burned. I think I've said enough for now. This is a really crazy time in my life. Getting better is the biggest priority right but I need to survive and I feel the pressure to get going on something right now amid the chaos. I think if I don't, once I get out of this it's gonna be a deeper hole to climb out of. I really really don't want that. It was so hard to build and start my business. I knew nothing about the industry. It was my first business. It was seeing lots of success. This is crazy. Someone out there has had to gone through something similar and learned some valuable lessons.... [link] [comments]  |
| How did you go about growing a successful small business and what exactly do you sell? Posted: 06 May 2021 05:05 PM PDT |
| No sales - thinking about just investing in amazon drop shipping business Posted: 07 May 2021 12:09 AM PDT Started a business about 2 months ago and had an apparel launch 5 days ago. No one bought a single thing. Not a single piece of apparel. Not one. My prices are extremely low and I'm almost getting no profit. People did buy scarves but it's been 3 months and only 4 people bought scarves. I really am thinking about moving to amazon dropshipping items. Also this is so embarassing for me sorry for the rant just feeling very disheartened. [link] [comments]  |
| What are the next legal steps for my small business? LLC? I am 19 years old. Posted: 07 May 2021 02:08 AM PDT Hello everyone! I live in WA. I am getting a lot of mixed information of what I should do next regarding my small business. I recently launched a small business on April 18th, 2021 and it's selling cosmetics. My vendor from China gives me the product at around $2.5 each and I sell the product at $10. I don't exactly 100% make $7.5 profit because of other factors involved like the shipping supplies. I'd say each product I sell averages at about $6 personal profits. (I will be increasing the price of the product by $1-$2.00 by the end of next year) So far, since launching on 04/18/2021, I've made $3,450.56 year to date (Not including like $100 worth of refunds I issued because I miscounted my inventory) I am quite passionate about business/marketing at the moment so I actually want to keep on going because I feel like that's a very good start for someone who just started! I feel motivated to keep going. My social media for my cosmetic/beauty page went from 24 followers in the beginning of April to 611 as of right now. I feel extremely satisfied with the amount of work I put in by myself. So that was just a little background about my business. Since I want to keep moving forward and only get bigger from here, what are the next steps for me to make my business "legal?" The reason I want to make my business legal is to first, avoid going to jail because of the IRS, and two, I want to start processing credit card payments because my paypal funds have been stuck on hold for the longest time and it's pushing me to "verify my business." I can't really think of much more reasons off the top of my head to why I want to register my business other than not wanting to mess with the IRS. So please, if you guys have any advice, please comment or DM me. I started this business out of my passion for design and using my own ideas and now I feel like a lot of people are digging it! Thank you so much in advance! EDIT: I forgot to mention I host my products on Shopify and market them to my main audience on Instagram [link] [comments]  |
| Giving up ownership + personal dynamics Posted: 07 May 2021 04:13 AM PDT For those of you that have worked with you significant other, then decided to leave, how did it affect your relationship? My SO begged me to join he and his business partners small company a couple years ago, so I did as part owner. The business purpose was not in an industry I had ever worked in. My past experience has been with large Fortunes, so it was a bit of an adjustment going to a company with less than 10 employees and contractors. I've never really found my place. Eventually I ended up standing up a new part of the business and also taking over payroll and HR. While I love the flexibility, the stress of barely making payroll and constant uncertainty has been difficult. But even more importantly, the work is not fulfilling. I operate at 20% of my capacity. Also, SO has had constant arguments with his business partner who is now getting a buyout (terms TBD). Lastly, I now realize my SO uses the company as a way to delegate hard work to others, rather than taking it on himself. We have less than 25 employees and need all the margins we can get, meanwhile he's sloughing off the hard work and wrapping up his work day early. I've brought this up to him in the past and he was upset. I get it, but I can't understand why as an owner you wouldn't bust your ass trying to make the business better or get more money in your pocket using your specific talent. He wants to be the big CEO, but we're barely making payroll half the time. I know a lot of this is common and goes with small businesses. My SO sees us working together as a huge plus to our lifestyle, which I can't wrap my brain around because work is work. That aside, anyone have experience on leaving a business and how that affected your relationship? [link] [comments]  |
| Posted: 07 May 2021 04:12 AM PDT Hey guys, this is a bit off topic but I'm not sure where else to ask this question. A guy messaged me today on fiverr (Let's call him John) asking for websites where you can post building projects and project ideas and people will contact you and put bets on the projects so they can work on it, but in my country not only are there no such sites and services but there's actually no way it can happen. These types of ,,posts'' and work opportunities are only done by the government and their associates. Here if you want a project done you have to personally contact and work out the details with the all the companies working on the project. So then my idea was to find a middle man for the guy who can contact all the companies, find the best ones to do the project and supervise them until its completion with John giving him directions about how he wants everything done and sending the money needed. Of course there would need to be a lot of paperwork done and other stuff so that John can be sure he isn't ripped off. But the thing is...we don't even have that over here, basically there is no way for the guy to get his project done without doing it personally. But that's where the business side comes in, I think this is a great business opportunity and would maybe like to get involved with it but I have no idea where to start so I'm looking for information. So my question was, do you have this middle man service in your country/region and if so how does it work? [link] [comments]  |
| I run my business out of a home, but don’t have a dedicated home office, am I shit out of luck? Posted: 06 May 2021 11:56 AM PDT Even though I use an insane amount of electricity (baker), internet, and water helping to run my business? I'm in CA, USA [link] [comments]  |
| Posted: 06 May 2021 03:03 PM PDT When I first opened the shop three years ago, my aim was to get to 20 designs and ride out the sales. Once I got there, 20 just didn't seem enough, especially since not all 20 were best sellers. So since then, I've been adding to my collection and now have 36. The way I see it, more products means more chance of a sale. However, as each of my cards requires an upfront cost on my end (I get them professionally printed in batches), this means that I'm gathering a lot of stock that's yet to sell. So where's the sweet spot? 25? 35? 50? 100? Where would you draw the line and just wait until your existing stock sells more? [link] [comments]  |
| Posted: 06 May 2021 08:50 PM PDT Hello everbody! I run a small custom sound system business in Los Angeles. We produce these bar cart-sized record player sound systems that are battery-powered. We ship one of these sound systems probably 1 to 3 times a year. I have read about getting a freight broker, but we don't seem to ship enough to be really a priority for them. We just got a new client that is in Maine and they want us to ship 1 to 2 units of our sound systems to them. Now, I am wondering should I put them both on a pallet and crate around them on top of the pallet? Make custom crates for each one? Or make a large crate to fit both? The weight for one of these systems is roughly 100 pounds. In the past, our clients usually handle the shipping because most of our clients are retail stores or hotels. But, this time we have to handle the shipping. What do you think is the best way for me to do the shipping? Do you have freight company recommendations? Answers to any of these questions would be greatly appreciated. I did one quote from Fedex Freight and it was about $1,000, does that seem right? Please let me know. Thanks! [link] [comments]  |
| Passive income type of side hustle?? Posted: 06 May 2021 10:09 PM PDT I'm a mortgage broker here in canada and I've been wanting to add a supplemental source of income to kind of cross sell to my mortgage clients! What is something that you would recommend that can kind of create a more recurring commission/passive income? I had thought maybe financial planning/life insurance or property insurance? Dunno which one pays recurring... Any advice or tips wanted, I'm even ok with mlm if the service is good LOL [link] [comments]  |
| Franchise pizza business store Posted: 06 May 2021 09:08 PM PDT Hi everyone, Im 25y/o and am a student in with about 1 year left in my diploma for engineering technologist. My parents have been in the pizza industry all my life, they currently have a successful franchise store in downtown core of a capital city in Canada. They are about to sell it because they are getting closer to retirement and are looking at something else but we all feel like its still a great business with potential. The only way for them to keep it is if I take over and run it and eventually invest and own some of it. This means I'd have to drop out of college. This business is attractive to me, it has a lot to offer. I've ran it in the past and have lots of experience there. Should I do it? I've been having this gut feeling that I don't wanna have a typical corporate job with a boss, limited earnings potential and less control over life. Also like the idea that I can start at family all in one area and won't be forced to travel all over as a job requires. Its just scary dropping out of college. [link] [comments]  |
| When should I have my family & friends shout out my business? Posted: 06 May 2021 07:31 PM PDT Hi there! I'm still fairly early in my prelaunch phase; awaiting samples while I write out my business plan. I've had many friends & family offer to shout out my business when the time is right. Of course, I plan to supplement this with my own marketing & strategies as well. Mainly I am just curious about when to have them post. Should I get them to post days before the launch, or will this cause prospective leads to jump ship when they see the website isn't even ready yet? Should I get them to post the day of the launch, or maybe after? Would love to hear your stories or experiences around this! [link] [comments]  |
| Posted: 06 May 2021 11:10 PM PDT Non-native English speaker here. Let's say you have a small business where you have this one Facebook page where customers place orders and you ship the item to customer's doorsteps. This facebook page is your one and only storefront/presence. In such a case, what is the realistic number of sales you can make per month? PS: I know this number is going to wildly vary based on the type of goods you are selling. But here I am trying to figure out the maximum people you can realistically reach and serve from a Facebook page only. Please note that this question is for physical goods/items only where the item is sold as a one-off and there are no subscription/recurring models. [link] [comments]  |
| Posted: 06 May 2021 09:06 AM PDT Hi I have started buying used shoes and cleaning them up to sell and make profit. I am from belgium and i am wondering if i need to pay taxes. [link] [comments]  |
| Posted: 06 May 2021 04:01 PM PDT Hey! I run a small online business based in Ireland. The majority of our payments are coming from the US and we're having issues with Stripe. These issues primarily being;
I never had these issues with PayPal, but I got banned and they're holding my money so I can't go back there. I understand that these issues didn't arise with PayPal mainly because PayPal is a holding company compared to Stripe's direct payments. I'm willing to pay monthly or higher fees just to get a payment processor that will actually accept all US cards & potentially prepaid Visa cards. I need it to also have a JavaScript API so I can code it into with my website similar to Stripe. Any suggestions of where I should go with this? Thanks! [link] [comments]  |
| Ideas for 20k sqft vacant land near coffee shop / taco bell / convinience store plaza? Posted: 06 May 2021 07:59 PM PDT We own the plaza and were wondering what we could fill the neighbor plot with to enhance business. Thanks! [link] [comments]  |
| Ideas Needed: Marketing a Kid's Gym Posted: 06 May 2021 01:48 PM PDT Hello all. I have an opportunity to potentially manage a small gym specializing in teaching parkour to kids in the Dallas, Texas area. I have a management degree, and I'm being asked to brainstorm some ideas and plan how to get kids (and teens) in the door. Ultimately clients love this gym, so retention isn't really an issue. It's getting the word out that's proving difficult. Since marketing is not my forte, but I'm itching to learn, what are some ideas for bringing in clients to a facility like this on a rather limited budget? Some ideas I'm considering... I would greatly appreciate any advice or ideas you all have, especially if some of you have been in similar situations in the past. Cheers! [link] [comments]  |
| Posted: 06 May 2021 01:46 PM PDT I've been thinking about creating an online market place for clothing but have no idea how to go about getting the clothing in bulk and/ going about production. Any suggestions? [link] [comments]  |
| Full-Time Job but interested in buying a business Posted: 06 May 2021 01:41 PM PDT So I work a remote job for approx. 50 hours a week And I basically meet my clients virtually. I have about $80k in cash that I want to use and ideally buy a business. My mid-term (3-5 year goal) is that whichever business I buy now will eventually replace my job income so I can quit the JOB world. Given I have a remote job and I can work from anywhere with internet, I was looking at businesses that are service related with full operations staff where I could sit in my office, do my job, and manage business books/marketing/hire-fire employees, and meet customers in between my client meetings. I was hoping to possibly look into an SBA loan as well. Unfortunately, I can't quit my job and do the business full-time because of my expenses. However, I probably won't be taking any income out of the business for the first couple of years and reinvest it back into the business. Any thoughts/feedback/suggestions would be greatly appreciated. I'm in Florida. [link] [comments]  |
| Posted: 06 May 2021 07:33 PM PDT I have a deep passion for fashion, music and arts. I am just confused because i am still 18, tired of working 9-5 and want to have other sources of income while doing what i love but i just do not know where to start. I have an idea of opening up a local store (or if that takes too much money, maybe an online store) where i sell women & men harajuku trendy clothing (japanese/korean clothes) that i definitely do not see anyone else where around where i live. I also considered thrift flips/upcycling but i have just started learning how to sew and may take some time to start up a small Depop page and do all the work. My question is how much money do i need to start and where can i find suppliers for these unique clothes like the ones i see on Aliexpress? I greatly appreciate any kind of help, tips and advices! Thank you in advancedfor the people that took the time to read and comment under this post. [link] [comments]  |
| Buying existing restaurant instead of building from scratch Posted: 06 May 2021 07:29 PM PDT Hi everyone, I am looking to start a fast casual restaurant, have menu ideas and industry experience so here I am looking at the listings online and not surprisingly all lease spaces come completely empty and building from scratch not only will be expensive but also time consuming and stressful, so I decided to buy on an existing concept and change it in time as we go. Found a good spot for just under $100k ($10k of which for FF&E). Rent is $3,5k, max $5k with the triple net and down below are the numbers current management make, my question is if the numbers sounds reasonable and profitable on their own? Gross revenue - about $600k, cash flow $100k, inventory $30k, EBITDA $125k. I understand these numbers are not super good but my concept will be total game changer, that is why I am not too worried about the current mismanagement in the price point if any, I am just wondering if that restaurant will be able to sustain on itself until my new concept is fully tested. To get the things going I have to contact the broker responsible for the listing, is he going to do the negotiation part with the business owner on my behalf or he will work with the landlord against me, meaning I need to bring an attorney with me? Just trying to do the process as painless as it can since this is my first time buying a business. [link] [comments]  |
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