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    Saturday, May 1, 2021

    Which books made you the most money? Entrepreneur

    Which books made you the most money? Entrepreneur


    Which books made you the most money?

    Posted: 01 May 2021 02:00 AM PDT

    Just curious to find out about books that helped you make the most money, whether they're about negotiations/finances/programming/mindset/etc.

    submitted by /u/cypherpvnk
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    How will you make 3-month plan of SEO for a new blog with a budget of $5k/month?

    Posted: 30 Apr 2021 08:12 PM PDT

    It's a new blog related to finance, any help will definitely help.
    Thank You

    submitted by /u/dopeyou
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    The 2000 Year Old Marcus Aurelius Morning Routine showed me how to approach my day with PURPOSE

    Posted: 01 May 2021 09:13 AM PDT

    Marcus Aurelius was the Emperor of Rome and the most powerful man in the world at one point in time. More importantly though, he was an incredible thought leader who inspired and motivated millions to improve their productivity and live more purpose driven lives.

    A lot of what drove his output was his legendary morning routine. This morning routine is widely followed in the Stoicism community and productivity community, but is known to be incredibly helpful to have a better approach to your day.

    In his private journals, later released as the book Meditations, he filled his morning routine with reflection, gratitude, motivation and visualizations. So I decided to try this out for myself and broke it down deep by step here if you'd like to know more - https://www.youtube.com/watch?v=ZC7-Ugr-eoI

    One of my favorite learnings from this routine is that if we set up our day with healthy, productive and inspired habits, there's no limit to what we accomplish throughout the course of our days.

    submitted by /u/BladeV-Cash
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    Virtual assistant issues- does this seem sketchy to you?

    Posted: 01 May 2021 12:57 PM PDT

    Hello- I'm hoping I can rely on your experience to help guide me through this. I apologize for any formatting errors i am mobile.

    I have a virtual assistant that operates under an llc, works as an independent contractor for myself and 3 other people in a very low cost of living area.

    The work is probably 3 total hours a day, but a lot of it is intermittent work through out the day, and he will flip from my work to client Bs work to client Cs work.

    An example of how it's intermittent is check the email and reply (5 minutes) answer the phone and schedule someone (10 minutes) etc.

    Because this work is intermittent I guarantee 4 hours of pay at $20 an hour.

    Two months ago he said that to continue working for me he would have to raise his rate to $27 an hour with a guarantee of 4 hours paid a day.

    This was my max budget but I agreed to it letting them know it's my max budget for the position because I like them and think they do a good job and if they are that hard up for money I'd rather them not drive Uber.

    Today he informed me his changing his rate to 13.50 an hour, and billing for 8 hours a day while he is "on call" it all works out to the same number.

    My issues: 1-He did this without any prior discussion with myself or partners 2- we don't have 4 hours of work a day let alone 8 hours of work. To be fair and generous we agreed to pay the rate with a guaranteed 4 hours paid 3- if he were working 8 hours a day I would adjust the hours on the clock to represent the business needs (he currently is off at 3 pm) 4- because he knew the max budget was $27 @ 4 hours guaranteed, by changing his rate to 13.50 he now has wiggle room to increase it and renegotiate his pay saying he "only makes 13.50 hr" 5- im frankly worried that he may come back later and try "well I have in writing 27/hr" 6- this seems incredibly sketchy to me. What is your hot take on it or thoughts about this situation.

    All in all I like them but they occasionally do things like this that makes me hesitant to trust them.

    -how do you pay a va for intermittent work like described above? - do you have virtual assistants keep a log of what they did and time spent each pay period and simply pay total hours worked?

    should I just hire someone local at another rate and make them a regular employee? I'm afraid they will be bored out of their minds trying to keep them busy for 8 total hours chained to an office and desk, that is why I went about finding someone that has multiple clients that wouldn't get bored.

    submitted by /u/Canonconstructor
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    Advertising Preference: Facebook, Pinterest or Other

    Posted: 01 May 2021 07:52 AM PDT

    Hey all,

    I am trying to pivot from basically only organic sales from my company Purple Cookie Company to doing some paid ads so that my sales can be a little more predictable, consistent, and frequent. Purple Cookie Company, as the name suggests is a food brand that ships DTC so I thought that Pinterest would be an excellent way to go but everything I see says that Facebook is the place to be? I have two questions, firstly what is your preference/what do you think would work better. Secondly, what are some good resources for learning how to use these platforms well besides just spending money randomly trying to figure it out. [I can offer free cookies as a bounty for some help :)]

    Thanks,

    r/Garberchov

    submitted by /u/Garberchov
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    Missing inspiration

    Posted: 01 May 2021 08:42 AM PDT

    So im currently "supposed" to build a website.. i have 10 years of experience in the field but i just cant find any inspiration to actually work! 😭 The customer just gave me 100% free toils to do whatever i want with the site.. but for me i feel like i need more guidelines ..

    What do you guys do when you have to work on something you really dont want to or are not inspired to do....?

    submitted by /u/pacmango2020
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    Do you feel stupid?

    Posted: 01 May 2021 07:32 AM PDT

    Do you find yourself often asking yourself why on Earth is your brain not working like other wildly successful billionaires even though you put in the hours? Do you ever feel stupid and get put down by it thinking that you'll never make it no matter how hard you try?

    I mean having money helps a lot like say Elon Musk cause you have other smart people working for you, but do you actually think he's a genius or media exaggeration? I mean I personally find all the things he says common sense rather than genius really. I mean if you want a comparison try reading Ethereum's white paper and yeah I can't understand shit of what this guy Vitalik wrote there by himself. I find him actually genius - apparently he also learned mandarin in a few weeks as well. And I wish I were like that but will most likely never be. How do you cope with this feeling and accept it? Right now I'm fighting everyday and trying not to accept it so that I don't quit the fight.

    submitted by /u/tavycrypto88
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    Should I niche or stay wide for my web dev business? Help me rate my "3 steps"?

    Posted: 01 May 2021 05:27 AM PDT

    Hi!

    I am planning to launch my new campaign to acquire clients for my web dev business. I found around 70-80 business who don't have a website or have a very old one. I am going to build them a sample website (put together in max 5 minutes on a template), write them a letter and send it to them with a link to the sample website. If they like it, I probably got a new client. If they didn't, too bad, but it cost me 1$ for the letter and 5-15 minutes of my time.

    Then, I am going to start them on a monthly plan that would include the hosting, the website itself and monthly performances and security checkup for 150$/month. It's a bit below the market in my area (which goes from 180$-340$-490$ based on the SEO/number of pages, etc). I am 17 (soon 18), so I will do that for most of the summer, working at least 40 hours a week. (so 9-12 weeks)

    My minimum goal would be to have at least 20 customers by the end of August 2021 (2.2 to 1.6 customers/week) and my ideal goal would be 30 customers (so an average of 3.3 to 2.5 customers/week). Each website could take 6-10 hours if I make the process easier by preparing some templates I can fully customize. Anyway, it's 20 to 30 customers of "passive income" (3000$/month to 4500$/month) while still being in school.

    Finally, I would have to make a choice. I can either go broad, try to hit all the small businesses I see (and that can afford 150$/month) and hope it works. Or, I can follow a friend advice and "niche till it hurts". I don't have a niche, so I would have to "fake" a niche, pick for example construction business and brand me as the expert in websites for this business. I would have to change all my branding if I want to niche, but it would take ~1 day.

    3 questions (feel free to only answer to what you can help me with ;) ):

    1. Is my customer acquisition process good? (so, making a mockup website and sending a letter) Would I be better going with cold calling? (and if to go with cold calling, if anyone has a guide on how to approach a company, it would be awesome)
    2. Is my price reasonable (150$/month or 5$/day)? Should it be higher/lower?
    3. Is my goal reasonable? Each website is pretty quick to make, but it's with the customer acquisition that I might have some doubts.
    4. Should I keep it broad or really go down a niche and target specific businesses?

    Thanks for your help!

    submitted by /u/AsteroidSnowsuit
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    Alibaba.com Parcels (EU&US&CA) vs Fedex

    Posted: 01 May 2021 12:41 PM PDT

    Looking to get something shipped via airmail from China to Mexico, and saw there are two options (Alibaba.com Parcels (EU&US&CA) and Fedex). The Fedex option is only $10 more expensive, I'm assuming it's the better one, but not sure.

    Anyone know what the difference between those two shipping options is?

    submitted by /u/RenaissanceBrah
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    Anyone else scared to hire late millennials and Gen Z?

    Posted: 01 May 2021 12:38 PM PDT

    Especially if they strike you as the "woke" type. I'm an early millennial in my 30s.

    submitted by /u/bootenleefonsworth
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    Ive given up again

    Posted: 30 Apr 2021 08:11 PM PDT

    I was making handmade furniture as a side hustle Got some workshop space, set the website up, was going to start making items, but then it hit me hard that i was too stressed, what was once a hobby with my current full time job just turned into a burden, i can't quit my full time job, i just haven't got the time to fulfil my dreams of having my own business , i don't think I've got the mental strength either, it so competitive the furniture market have been playing with it for a year and made no money, in fact I've just been learning. I gave up before and have done again...arrrgh

    submitted by /u/wascleanbutdirtynow
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    Elevator pitch meets crowdfunding meets social media.

    Posted: 01 May 2021 06:36 AM PDT

    It's hard to describe so bare with me, as I do not know of a project comparable to this idea. The closest comparison I could make is Kickstarter or IndieGoGo. While they both offer crowdfunding for products and such - there is nothing for actual business startups. Even if they did - their layout just doesn't adequately support what it would take to get your head around a business idea. Simply put - a picture and a paragraph just don't cut it in this regard.

    The current outdated method for pitching an idea for a business entails getting lucky enough to find that person who might take interest and actually listen to your 60sec speech, and praying they don't throw your card away the minute you part ways.

    What if there was a way to pitch your idea to the masses and have a way to give someone (even that guy in the elevator) a direct link to a consolidated and organized idea - exactly how you envision it?

    You're able to give a card with a QR code to a website that allows you to see the numbers, the profile, the ideas - everything you would want to make known in a brief, yet detailed fashion. People will have the option to support you and get in contact. They could navigate a handful of tabs for specifics on certain aspects of the project. The profile could be made public or private, and possibly an encrypted ledger to log visitors who view it (so as to deter someone running off with your idea, as it could be proven that it was stolen work. It's just an idea.. I'm sure there are alternatives for that sort of security).

    I'll expand on it if necessary. Just want to know what you think at a first-glance. Thanks!

    submitted by /u/BigHanksHalfaTank
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    Networking: I own a discord server for creative writers. I want to partner up with likeminded people and take it off the ground and make it more efficient.

    Posted: 01 May 2021 09:52 AM PDT

    Hello!

    I'm a young literature student that started up a creative writing/literary community on discord & instagram.

    For the longest time I have been producing the basis of all of its content both on discord and instagram. However, it has proven to be quite difficult to balance all of the tasks while also being a full time student. I realized that I can't do it alone.

    I have big plans to sell small creative writing courses on it, both in a live format and on patreon for future consumption. I think it would also be possible to sell merchandise through it as well. I've hosted contests and live events through it. They were quite successful and I think it has potential to reach new heights.

    I'm looking for likeminded individuals to partner up with so that I can make the community's events more regular and reoccurring. I also hope that with the right partnership, the community can become a reliable and useful tool for creative writers to seek feedback on their work, learn, and improve as writers.

    Comment or DM please. Serious inquiries only. Thanks!

    submitted by /u/alemorts
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    Young guy with entrepreneur dreams

    Posted: 01 May 2021 09:15 AM PDT

    My best friend became youtube marketing videos and the dream is starting a smma but on a 3rd world country seems impossible no one undestands the value of digital marketing and tried cold emailing but no luck. Tried fb groups giving value but yet no luck only 2 meetings and those 2 did not came. Cold dm-ing and yea worse thing ever. Can't invest in such things because parents think that it doesn't work no such thing as money from home but I still want to do it. Any tips guide or anything else to start my marketing agency?

    submitted by /u/Icy_Ad_8695
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    Pitch me your software /app

    Posted: 30 Apr 2021 11:12 PM PDT

    I'm a mortgage broker here in canada and we lack a lot of tech services in our industry so im looking to modernize my process with as much apps/softwares i can to facilitate me and my clients lives!

    Pitch me your software/app!

    Just to give an idea of what i use now and what its for:

    Pipedrive: sales pipeline management helps me keep track of deals/leads and see where they are along the sales cycle

    Trello: process management, helps me keep track of what i need from my clients at which specific stage of the sales cycle like their income documents (tax paper /paystub) at the moment they find a house they want.

    Folio by amitree: automatic communication to clients based on milestones reached in the mortgage application.

    Finmo/floify : pos system to manage the mortgage application and automate document collection

    Calendly.com : schedule /automate meetings and appointments.

    I guess im looking for similar apps or softwares to these as well as ones that will increase my productivity and automate my business as much as possible. (crms, etc)

    submitted by /u/YourMortgageBroker
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    Food wholesale marketing advice?

    Posted: 01 May 2021 08:42 AM PDT

    So my dad and I run a small wholesale pretzel bakery in western north carolina, servicing primarily restaurants and breweries. Were looking to expand regionally and we're struggling with B2B marketing. We took a meeting with wishpond yesterday and came away realizing that we have to do it ourselves. Does anyone have any advice or useful resources or agency/service recommendations that would be specifically relevant to the food industry? All advice appreciated.

    submitted by /u/sabre4570
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    What your favourite twitter accounts?

    Posted: 01 May 2021 08:38 AM PDT

    Just wondering what everyone's favourite twitter accounts are that a are a must-follow according to you?

    I love the guys from The Hustle, Sam Parr and Shaan Puri.

    submitted by /u/deepdivenewsletter
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    Lessons learned on onboarding a new manager

    Posted: 01 May 2021 08:22 AM PDT

    This is part 2 on this topic. Here are the lessons I've learned over the years when hiring and bringing on a new manager. Would love hear your experiences! Thanks so much as always for reading and contributing ❤️❤️

    One of the biggest hiring challenges is finding new managers and integrating them with the team. As a small business owner, it's tough because odds are your attention is being pulled in a variety of directions.

    Let me know your thoughts on your hiring experiences. Did I miss anything critical here?

    After years of hiring new departmental managers, here are some thoughts on how you can do it.

    Last time we discussed this topic we reviewed how to bring on a new manager if your old manager is sticking around a while to help get the new person up to speed. That's great. And just like we want easy employee change-overs, we also all want to find a money tree growing in our backyard, but neither of those usually happen. So let's talk about the most common way this is going to go down:

    Your new manager is going to come in and essentially have to sink or swim on their own. There's no transition because the previous manager either quit, retired or was asked to move on (that's a nice way of saying it, isn't it?), and now this person is filling in the gaping void that department has been staring down.

    WELCOME TO THE JUNGLE

    Before the new person even starts, make sure you lay some ground work with the employees of that department. It is strongly suggested you have a meeting with them to let them know you've made a new hire. Do an introduction of the new person before they even start.

    Spend a bit of time outlining their experience, how they did in the interview and why you are excited to have them start. Now would also be a good time to give them an opportunity to voice any concerns or suggestions they might have for improvement that you can discuss with the new hire.

    That suggestion of course is predicated on the fact that you've actually created a positive business culture where feedback is welcome. If they scatter like cockroaches in the light when you bring up the idea of them giving you feedback, there are a few other issues that need sorting on top of onboarding the new hire.... that's another topic for this newsletter on another day...

    On the day this person starts, make sure you are the first person they report to. Spend some time walking them through and introducing them to all their team members. Then spend time walking them through the rest of the business and introducing them to everyone else.

    There's absolutely nothing worse and more awkward than some new person walking around that half the people have no clue who that person is. It eventually reaches that super awkward point where everyone waited to long to ask, and now no one is going to ask. And then everyone would just rather pretend they don't see each other at all. It's f*cked up, but you've all been there.

    IT'S ALL ABOUT YOUR EXPECTATIONS

    People often fail because they don't know what is expected of them. Take some time on day one to outline what you expect of the new manager. But start realistically. If you want them to overhaul the entire department in a week, if we were betting people we'd put all our chips on you not being happy with the results of that expectation.

    Make sure you also set aside plenty of time for meetings. We don't mean 2 hours of wanting to claw your eyes out meeting, but quick 15 minute sessions a few times week.

    You'll also want to spend plenty of time actually on the floor where they work. Not to micromanage, but to see what the reality in the department is. Sitting in an ivory tower worrying about your stock picks isn't going to be a friend to anyone here.

    GIVE, AND BE RECEPTIVE TO, HONEST FEEDBACK

    Nothing is worse than not realizing you aren't doing the job correctly. So it's important you keep that feedback loop going. Involve the staff as well.

    One option is to provide the team the opportunity to do an anonymous 360 review of the new manager. If your culture provides the safety for the team to be honest, you should get some good feedback. It's important you discuss these findings with the new hire, even if they are hard.

    Difficult discussions become more difficult with the passage of time. Candor is critical. It's also critical as the main leader, you take personal responsibility for this persons success. Be so invested in their success that you make sure you provide every tool available for them.

    DON'T FEAR THE REAPER - OR THE CHALLENGE OF THE TASK

    If things ultimately don't work out, make sure you reach that conclusion as quickly, but fairly, as possible. As we've said before, it's more important to fire than to hire.

    If you take a truly collaborative and proactive approach, this probably won't be necessary. New managers are challenging, scary and catalysts for change. And change is hard for people.

    But it's also a huge opportunity for you and the company. Don't waste it by not dedicating your attention and energy to it.

    Thanks a ton for making it this far! If you liked what you read, maybe I could entice you to join my newsletter by signing up here. It focuses on small and family business news, ideas, insights and tips that are actually useable. Thanks so much! ❤️

    If you wanted to share this on twitter, feel free! You can find the twitter thread here. Much love! 😍

    submitted by /u/deepdivenewsletter
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    Facebook Ad Ban - Anyone have a contact?

    Posted: 01 May 2021 03:37 AM PDT

    Hey,

    My ad account was banned for a non-nefarious reason. I missed the ad appeal window because I was in the middle of a cross country move.

    I use to have a contact inside of Facebook to resolve issues because I spend quite a bit of cash with them.

    Does anyone know how to fix this OR can one of you guys DM a contact email if you guys have one?

    Thanks yall.

    submitted by /u/OverallOpinion
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    Startup support in China

    Posted: 01 May 2021 06:17 AM PDT

    So, i am currently researching, how the government in China helps Startups, does someone have expertise and point me to some article?

    I read, that the government hands out grants, for special fields of interest like medical or digital sector.

    These subsidies shall be hard to apply (complex application), but the application filled correctly is decided quickly upon, and once granted money flows immidiately, is this true?

    Do you need private equity for these grants? Is there a 50/50 rule (or 30/70 idk), that some of the founding money must come from the entrepreneur?

    submitted by /u/foglwild
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    Question about Family Leave

    Posted: 01 May 2021 04:49 AM PDT

    Hi, I work for a startup, we're international, but I'm based in a US state that does not have any Paternity leave.

    I'm about to have a baby, and while my coworkers in the UK would get 2 weeks of paid paternity leave, and the ones in California would get 12 weeks unpaid. Because of my state, I get nothing. We do have Unlimited PTO, but no one on staff has ever taken a vacation or any sick time that I can recall.

    The executive team is asking me to "pitch" my time off to the Board of Directors next week. From what I understand half of the board is saying follow the law, which means no time off, I would have to take sick days while at the hospital and even then still be on email. The other half are wanting to hear my pitch. I don't have a pitch, I'm just going to say this is the moral thing to do.

    I'd like to get some people's opinions on the situation.

    submitted by /u/Whoviantattoo
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    Made this internal tool for testing the 'best' prices. Would anyone else want it as well?

    Posted: 01 May 2021 04:21 AM PDT

    Hi folks,

    In my main company's product, I was thinking whether we should charge:

    • $25
    • $24.99
    • $24.90
    • $24
    • And then, once that's clarified... would we get more users by charging less ($20?). Or the other way around — fewer users paying more, by increasing prices ($30). Where's the sweet spot

    Reading the online advice on this created more confusion, and didn't give me any confidence: our service was nothing like the business of those who wrote these articles.

    We're not selling a SaaS, to tech-friendly people — we're selling a 'luxury' add-on, so maybe the $.00 re-states the value of our service. But then maybe $.99 or $.90 pushes people to buy....?

    Anyway, point being, we made this internal tool to solve our own problem, so we can run test. It looks like this:

    How setting up would work

    To set it up, we made this internal tool:

    1. Connect with Stripe, our payment processor, and we'll soon add a Google Analytics connection
    2. We've replaced the 'number' on the page with a snippet of code
    3. Made settings in the dashboard I've shown earlier

    And then the snippet of code decides what price is shown and charged to the user. Anti-VPN measures, correct classification of users etc - we've had to take care of that

    My main question

    Would anyone be interested if we'd sell this?

    Would you purchase a subscription? Price would be: free for the first 10/20 extra conversions it brings you, then $49/mo

    (so that it pays for itself first)

    submitted by /u/chddaniel
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    Looking for eBay seller assistant from US

    Posted: 01 May 2021 03:13 AM PDT

    Hey guys, so here's the deal:

    I live in Europe. I have products in the US that I would like to sell on eBay. The product is a keto drink powder Pruvit NAT. The price for the box (20 servings) is 130 $, people are selling it on eBay at 110 $ and I can have it at 70 $.

    I need someone in the US that could help me with listing, packing, shipping and handling returns.

    I am looking for someone entrepreneurial and driven as this can be long-term as long as it sells.

    submitted by /u/mantine1985
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