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    Friday, June 4, 2021

    Accomplishments and Lesson Learned Friday! - June 04, 2021 Entrepreneur

    Accomplishments and Lesson Learned Friday! - June 04, 2021 Entrepreneur


    Accomplishments and Lesson Learned Friday! - June 04, 2021

    Posted: 04 Jun 2021 02:00 AM PDT

    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.

    submitted by /u/AutoModerator
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    I have the BEST idea since AMAZON. Tell me what's wrong with it?

    Posted: 04 Jun 2021 12:52 PM PDT

    I'd probably get a bullet to the back if I actually pursued this (large corporations like keeping their money), so instead, I'll just leave it out here in the open.

    What if there was a website just like Amazon, but instead, all the products you see are local, from mom-and-pop (non-franchised, brick and mortar) businesses? The reason I see a need there is the growing awareness of shopping locally & supporting small businesses. Think how huge this could be:

    Basically local businesses would need to photograph/upload their inventory with prices. When someone orders an item, there would be some kind of same-day delivery service (perhaps 3rd party like uber-eats [which would open up even more local jobs]) that would take it to your doorstep. Or you could pick up if it's not far.

    Why stop there? Unlike Amazon, customers would also see local SERVICES (like hairstyling or oil changes) and they can schedule/pay right on the site.

    AND THEN each businesses profile on the site would have their own reviews from customers, offer coupons, discounts ETC. What a great way for businesses (even new ones) to gain exposure, instead of just listing businesses on google hoping someone stumbles across.

    Imagine how pissed big box stores like walmart would be. It might not be cheaper, but you know there's a segment of people who prefer to support local businesses, plus more and more people want stuff delivered to them at home. Just think how pissed Amazon would be because people could get their deliveries same-day.

    It's not like I hate big business. I'd just love to see more fair competition between huge corporations and small businesses. Plus it would help bring communities together, I think we need more of that. There could also be sections for community events, alerts, etc. Accountability is always good for a community.

    My ideas are usually stupid and this is probably no exception, but I had to let it out somewhere. If you like the idea, feel free to continue to brainstorm and discuss!

    submitted by /u/michgilgar
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    Feedback for my Landing page

    Posted: 04 Jun 2021 09:33 AM PDT

    Hi, I have created a simple landing page for my app medstac (that stores your medical records) which is currently on MVP (not yet published) and I would like to know your feedback on it. Thanks,

    https://www.medstac.net/

    submitted by /u/vimal77
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    Runway and burn rate for investment

    Posted: 04 Jun 2021 09:57 AM PDT

    I'm looking to raise money for my app. I've created what is I believe a reasonable case for growth and revenue generation, though I'm fully aware that it's wrong in every way, despite my best efforts.

    When it comes to raising cash though, I'm thinking in terms of a burn rate to allow my app to grow. I've seen that startups in my industry tend to seek a runway of 14-18 months given a certain burn rate, at which point they're out of cash. Now my question is whether I should factor my estimated revenue generation into this, which would allow me to keep the same runway for less cash raised, or should I ask for more cash and assume less or no revenue generation?

    submitted by /u/physioworld
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    What are your best virtual team event ideas/experiences?

    Posted: 04 Jun 2021 03:38 AM PDT

    Curious to hear of any creative (kind of budget-friendly ;) ) ideas, games, maybe tools for team sizes between 5-15 ppl?

    I organised our team dinner yesterday, which was super fun, we ordered the same dinner menu for everyone who was in Berlin (vegan Vietnamese tapas so that we can talk about the different dishes), the others got Wolt vouchers, used https://wonder.me/ (great tool btw, I can recommend!) and created different dinner tables so that we can break out into sub-groups and re-shuffle later.

    But for next time some games would be nice or something more creative, interactive, etc.

    Hope we'll soon have more in-person events but it might still take a while, so happy to hear your experiences!

    submitted by /u/natalieberlin
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    Experience with a tool/equipment rental business

    Posted: 04 Jun 2021 07:01 AM PDT

    My area is a sea of suburban single family homes with a handful of restaurants, a few grocery stores, and a Home Depot. The Home Depot does not offer tool rental, and Home Depots that do have tool rental generally have a physical dedicated area of the store that would require an addition to the store to start providing that service. Someone would need to drive at least 20 minutes if they wanted to rent a tool.

    As a homeowner myself, I've been frustrated with needing to buy a tool only to use it once and then let it sit around until I might need it again a few years later. I'm wondering if creating a tool rental business in a strip mall or something would be profitable in my area. Simple power tools would be rentable, but I would also probably provide things like pressure washers, generators, etc. there may also be opportunity to offer things like 3D printers available for use at the facility, though I'd need to think about that more.

    I have a degree in marketing but don't work in the field. I do have design skills that could help make the business look and feel as good as any National chain of rental businesses, and I would also probably want to add some sort of convenience features (e.g. rent it online and pick it up from a Dropbox, have the tool delivered, etc.).

    Does anyone have any experience with this sort of business? It seems like it could be relatively low cost to start up. You just need the space and the equipment, as well as something like a website, which I can make myself. I have 50-70k in cash to spend on it, which could potentially cover a lot of this.

    submitted by /u/maowai
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    Crypto start-up stories

    Posted: 04 Jun 2021 06:06 AM PDT

    Hey!

    I'm curious if someone here who has founded their own crypto start-up has some knowledge to share. Please let us know your story and how you got into this space. What was your first step? Something special you learned that you want to share? Where did you find your co-founder/founders that share your crypto love?

    I, myself have a great idea for a crypto start-up but don't really know where to start. I have zero programming knowledge. Is taking a course in programming the way to go? or is it better to find someone with that knowledge and focus on scaling the company?

    Very thankful for everyone taking the time to respond, let's keep the discussion going.

    submitted by /u/addeproo
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    Tips for a new entrepreneur?

    Posted: 04 Jun 2021 12:45 AM PDT

    I'm 18 years old and I'm only starting to get into entrepreneurship because my mom, an entrepreneur herself who co-founded a coding school in Calgary called InceptionU told me I have great potential to be one. I have some ideas floating around in my head, but they don't seem that great to me, or good enough to try and start something. Any advice?

    submitted by /u/Beef_Lovington
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    What are the best reddit communities for entrepreneurs?

    Posted: 04 Jun 2021 11:47 AM PDT

    What are the best communities for entrepreneurs, freelancers, start-ups etc on reddit?

    submitted by /u/wookeydookey
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    Best team communication tool?

    Posted: 04 Jun 2021 01:50 PM PDT

    What tool do you prefer for communication?

    View Poll

    submitted by /u/EMCB06
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    Ideas for questions to ask successful people

    Posted: 04 Jun 2021 05:19 AM PDT

    Hey guys!

    During this summer I will be interviewing several (Extremely) successful people, I have written down around 10 questions but was wondering what you would ask them if you were in my shoes!

    Looking forward to hearing what types of questions you would ask!

    Thank you :)

    submitted by /u/Afonso0072001
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    What referral marketing strategy ideas would you recommend for a make-money-online program?

    Posted: 04 Jun 2021 12:57 PM PDT

    Referral marketing strategy is one of the oldest tricks in the book, but it is a powerful tool for making money online.

    In particular, it is an outstanding way to increase your visibility, build relationships with your prospects, and create sales through word-of-mouth referrals

    What referral marketing strategy ideas would you recommend for a make-money-online program?

    submitted by /u/earnmoneywithjessica
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    Would anyone here with a website like to do a give and take comment exchange?

    Posted: 04 Jun 2021 12:02 PM PDT

    Hello so here is my idea I have a website and I need comments. If you need comments on any of your posts I will leave you a comment if you leave me one.

    submitted by /u/chivs86
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    Make your website more SEO friendly

    Posted: 03 Jun 2021 08:57 PM PDT

    Here is a short little post about a few simple steps you can take to make your website more SEO friendly. This also increases the likelihood of getting higher rankings in search results.

    1. Include the focus keyword and its synonyms in the H1 tag and sub headings.
    2. Create great content. That means content that people want to read and get excited about reading.
    3. Answer and include questions from 'people also ask' in search results.
    4. Link out to websites with high authority. For example if you talk about SEO, then link out to the SEO page on Wikipedia.
    5. Link internally on your website as well. That means different pages on your website should link to each other. This should exclude links from your header and footer.
    6. Add some content such as a paragraph to an already existing page. This shows Google you maintain and update your page with fresh content.
    7. Target one keyword or keyword group per page except for the homepage.
    8. Optimize images. Include the keyword in the ALT tag and file name of your images.
    9. Have social share buttons on your page to give visitors the ability to share your content
    10. Share and promote you content online and offline.

    Please remember that SEO takes time and implementing these changes won't rank your website first over night. It will take time.

    I hope this helps and you saw some value in this. Let me know if you have any questions!

    Have an awesome day!

    submitted by /u/gabbs1008
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    I'm Scared Of Being Hit With Tax Fraud Any Advice?

    Posted: 03 Jun 2021 10:07 PM PDT

    So I run a digital marketing company and last year I really didn't make enough money to file for taxes; however, this year things have been looking up for my business and I'll actually have to file taxes now which is a blessing and a curse. It'll be my first time filing as a business owner and I'm worried that I'll leave certain things out or forget things that would help me in the long run or just flat out count as tax fraud. Does anybody know of any great sites that help with business taxes? An accountant is a little expensive for me right now, and I've looked into Free Tax USA but I wasn't sure how legitimate they were.

    submitted by /u/JoanneBailey5Y7
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    Getting into the food commodity export-import industry.

    Posted: 04 Jun 2021 01:03 AM PDT

    Hello guys do you have any tips on how to become a food commodity exporter or importer? I am asking since throughout my years working abroad I've come into contract with a lot of farmers and small business owners who want to export stuff such as young coconut, beef, spices, and charcoal made from coconuts to the international market. Background information: I am from the USA, I speak fluent Bahasa Indonesia and some Tagalog so most of the people I know who want to export their goods come from Indonesia and the Philippines.

    I want to get into this field since I want to both help the people I know make some good cash and give them a larger range of buyers from across the globe as well as generate some income for myself. Thank you guys for your time.

    submitted by /u/shadowchicken85
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    Thinking of opening a dispensary.

    Posted: 04 Jun 2021 09:13 AM PDT

    Hello guys, i have been reading, collecting info about opening a dispensary in Seattle WA. Regarding that i would like to collect opinion from you as well.

    How much cash would i need to start the business, buy the inventory, equip the store and all that. For labor, im willing to work myself for a year, Open to close by myself.

    submitted by /u/Shadowmk
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    Best business ecosystem?

    Posted: 04 Jun 2021 12:05 AM PDT

    Not sure if I have worded this right, I am trying to choose between Google Workspace and Microsoft Office 365 for business. What do you guys use?

    View Poll

    submitted by /u/EMCB06
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    Welcome to the Airline of the Future.

    Posted: 03 Jun 2021 09:06 PM PDT

    Welcome to the Airline of the Future.

    Airlines have been optimizing further and further for years. Diminishing returns. Antiquated structures like "seats" and "tray tables". What if we started thinking outside the box? Brought an entirely new paradigm to the airline industry?

    The Interior.

    Let's start off with the seats. Get rid of them all. We've reached our limit with seats on an airplane. Overhead compartments. Slows down loading. Gone! We are moving to all-checked baggage for free.

    Now for the fun part.

    Along the length of the plane on one side, stack three wire racks upon one another. Let's call them Comfort Shelves™.

    Passenger Experience.

    Ultra-Fast Loading™: You walk into the plane, lay down on an available rack back to front, strap in, and wait for taxiing.

    Right as taxiing starts, flight attendants lock themselves into the galley area and start pumping anesthetic gases into the cabin. In 10 minutes, you're out cold.

    Right after landing, the gas stops and you awake at your destination. To you, you lay down on a rack for a few minutes instead of suffering a cramped 14 hour flight to Singapore.

    tl;dr this but in a 747, with a whole lot of this

    submitted by /u/polish_delight
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    Help out a young entrepreneur with marketing in person

    Posted: 03 Jun 2021 09:52 PM PDT

    Hi r/entrepreneur, hopefully someone sees this.

    In the past 3 months I've started an e-commerce (not dship) company to sell a revolutionary product in my niche which i'm passionate about, paintball.

    The feedback has been positive, but sales have been slow despite racking up 1k followers on IG in a month. I've realized that a huge avenue of leads are in-person marketing at paintball fields, where you bring your gear and others see, and you recommend the company where you bought it from.

    I even have a customer who plays at my local field, and upon looking at the return address of a package I sent, he realized we live 15 minutes apart and said that we should've just met instead of shipping. Then he, like a good community member, asked me if I wanted to play together some day and get beers. The only problem is, i'm 16. He wants to make another order and meet me in person, quote "i hate shipping, just meet me at [arena name]", and i'm desperate to make a sale.

    On top of that, like I noted before, I need to go to the arena and vouch for my company and make sales, but seeing that a high schooler is behind what is a growing company is a turn off and I think that would hurt my brands reputation.

    I've considered pretending to be the brother of the founder or something, but it's unsustainable and eventually this loyal customer would realize he was lied to, and I don't want that to happen either and risk my reputation. And word of mouth is powerful in this community, hence why I want to go to the arena touting my products in the first place. I could just pretend to be unaffiliated, but in person marketing is more effective when you can pull the product and sell it out of your backpack right at the field.

    Please advise

    submitted by /u/Rellkedge
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    What i did and what i should do?

    Posted: 04 Jun 2021 04:59 AM PDT

    Hi i am trying build some kind of social network ,but i am really struggling to find first users to it.

    First of all i want to explain what is my platfom. It is actually very similar system to urban dictionarry but not same. It is based on Douglas Adams book The Hitchhikers Guide To The Galaxy. It allows people to define whatever they want. Like Cars Models,Phone Models,Coins or Nail Cutting Methods everything okey with definible title and definition style format.

    I thoguht the idea is good because there is good and loyal cominities to this book and they were trying to build similar sentences of their own like Douglas Adams in comments sections.

    When i look at the comments sections of general in internet there was a lot of things that can fit my format, and they were getting huge ammount of likes,upvotes whatever

    llike ...Bitcoin=so called money that made me have less many

    After i build the website, i have started to post my link ,and why and how should they use the website

    No one, o one even told me something about it.

    They were clicking then after 0.001 secont later they were get out.

    I thought that there should be some content to show people that how the system works. Sadly i am not capable enought to create humor in English, many of my friends cant even understand a single word.

    Then i thought that if my idea comes from Douglas Adams i can run the website with the content of him, and registared as a Douglas Adams.

    After that i started the search about content available which is olso definiitive format.For example i have created account for a Mama Gump. You know she defined world for his son. Thanks to the interactivitiy format that i want to show is awailable now. You can jump the Mama Gumps definition for life from Douglas Adams definition for anather thing.

    Then again i have tried to post some links, there were some possitive feedbacks but in general it is considered as a spam in genereal i guess.

    Lastly I thought that i should allow people to decide whered they wanna come my site or not and started to send just screenshots form my platform as the humor that they are looking for. I actually did it yesterday first time. There were more likes more comments but noone came visit my website. I believe that if i continue to the same thing maybe they wonder what is over there

    Yes this is all what i did to find users,and how i failed

    Do you have any advice for me?

    submitted by /u/Mirat01
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    £1,000 sales for a new service that hasn't even launched yet, here's how...

    Posted: 04 Jun 2021 04:57 AM PDT

    I'm launching a new service (content creation) and have just sold £1,000 worth without a website, here's how:

    1. Get your pricing right and on a spreadsheet so clients don't feel like you're making prices up
    2. Start telling everyone about what you're going to be launching over and over and over again
    3. Encourage your prospects to jump on a call to see how you would help to solve their problem
    4. Reassure them that you don't need a website to get started. Everything is in place.

    Watch that first sale come in!

    I'm going to be sharing my journey of building the business from scratch. This is an awesome community and look forward to giving back here.

    submitted by /u/Neil333
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    Partially vested co-founder no longer interested in business, stopped doing work, seeking advice.

    Posted: 03 Jun 2021 04:54 PM PDT

    A bit of a tricky situation since we have tons of legal documents which are hard to understand. I don't quite understand the general rules in these situations.

    Situation:

    • Three co-founders

    • Equally partially vested (each in the low teens at the moment, eventually vesting up to 1/3rd of the company each)

    • One co-founder (lets name her "X") stated that she no longer is interested in the business, stopped doing any kind of work, refuses to officially quit

    • The other co-founder and I attempted to negotiate with X about leaving the business with her currently vested shares, however she states that she wants a bigger share, despite not contributing to the business for months or intending to help grow it in the future.

    Question:

    • What general rights do we have as two co-founders/directors/shareholders who are unsatisfied with X's performance?

    • By voting as two co-founders vs. X, can we enforce the contract with X with her current vested shares?

    • What happens if X chooses to remain with the company despite not actually working?

    We understand that this matter will not be solved without lawyers, however, I am trying to gather as much knowledge about this situation prior to taking any legal action.

    Thank you for the advice.

    submitted by /u/BoomerE30
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    I built a digital subscription community platform - June Update

    Posted: 04 Jun 2021 03:36 AM PDT

    In February, I posted here about a Digital Subscription Platform I'd spent the past six months making. Four months on we have officially launched, and always looking for feedback.

    A little about us…

    SightingLap is an online content platform that lets you create your own paid membership communities.

    Additionally a big part of what we do is offer our time and support to you. Our growing community is here to help you start, build and manage successful subscription businesses - Have a question about marketing? Let us know. Want to know how to manage your business finances? Get in touch. Struggling to manage your time effectively? We've got some tips for you. Genuinely.

    So, what does the SightingLap platform offer?

    • Content creation for your community

      • Blog style posts
      • Courses - Create video and/or text based courses made up of lessons
      • Upload files for members to download
      • Create private content for specific audiences
    • Customisable unique landing page and URL

    • Subscriptions managed for you. Just determine the price and pay cycle.

    We have the following features coming soon:

    • Discussion feed
    • Chat room

    You can check out more over on our website or take a look at our platform in action.

    We offer a two week free trial, no credit card required. So if you're interested in starting your own subscription community, or just inquisitive about our platform, pop over to sightinglap.com.

    Excited to hear your thoughts.

    submitted by /u/PanicStil
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    Launched a 3PL Warehousing & Fulfillment company in the USA. Looking to get feedback & connect with eCom sellers!!

    Posted: 03 Jun 2021 05:56 PM PDT

    Hi everyone,
    I recently launched a US 3PL company & I'm trying to get in touch with drop shippers, private labelers & eCom sellers that want to outsource their fulfillment to a partner.

    Would any of you guys know where I could go to get in touch with the people looking for this sort of service?

    Thank you!

    submitted by /u/AlpakaK
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