Marketplace Tuesday! - June 29, 2021 Entrepreneur |
- Marketplace Tuesday! - June 29, 2021
- The cost of tools to run a SaaS company with a few million Annual Recurring Revenue
- I raised $4.4M in funding, had more than 500k users & $1M+ in revenue but the company still failed. Some lessons from a first-time CEO.
- Hesitation: I'd like to start a home service business (lawn care, handyman, etc). I support my family with my current annual salary of around $50k and my hesitation is not knowing if I'll make that with starting a small service business. Does anyone have experiences they'd like to share? Thanks!
- How to get a freelance client to pay debts owed? Collections?
- how does one go about selling their game? i have already made it and tested it.
- I've been working on my idea for over 4 years. Here's how many hats I've had to put on so far.
- According to my dad, starting a landscaping buisness is "gambling" and 99% of people fail. It is also a bad idea cause if it fails I will "go bankrupt and have no diploma to get me another job", just "unapplicable experience". Is this even REMOTELY true? What are my chances if I truly work hard?
- Help in Growing a University Social Media App
- You have an idea now what?
- I'm willing to work my ass off (18) but I'm having trouble knowing where to start. Any suggestions?
- Study an MBA, or focus on starting a business?
- Pastry chefs and bakery owners
- Using past/current client logos?
- How do you track business progress / what are your KPIs?
- Will my light product need approval from an authority?
- Hire IT staff or a service provider?
- Is there a way to add/create a second Google My Business location (a nearby city) without having a second physical address?
- Feeling constantly busy as a creator? 3 ways to fix that
- Possible start-up? Any feedback is helpful, Thanks.
- Favorite books/podcasts about entrepreneurship or retail sales
- Yotta: Free Lottery Tickets + FDIC-Insured High Interest Savings App
- Must-Read books for Entrepreneurs?
- I need to write a business proposal…
- What to do after great success?
| Marketplace Tuesday! - June 29, 2021 Posted: 29 Jun 2021 02:00 AM PDT Please use this thread to post any Jobs that you're looking to fill (including interns), or services you're looking to render to other members. We do this to not overflow the main subreddit with personal offerings (such logo design, SEO, etc) so please try to limit the offerings to this weekly thread. Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| The cost of tools to run a SaaS company with a few million Annual Recurring Revenue Posted: 29 Jun 2021 07:16 AM PDT This is a crosspost from the /r/SaaS. It was voted as all time high so figured it might be of use to people in r/Entrepreneur. Removed the links (not enough link Karma 😌) Original post /r/SaaS/comments/o1x0yk/the_cost_to_run_a_saas_platform_with_a_few/. I wanted to create an overview of the different services/tools we use to run our company. Just to give you an idea of scale Prezly is an 18 person SaaS product. Fully bootstrapped (no outside capital) and serving about 500 customers globally. The summary:
If you break that down by the number of staff we're looking at a cost of 1250€/month but this includes the server cost. Excluding server costs, the tooling per staff member (excluding hardware) is around 732 €/month Server Stuff - 9625€/monthWe're a software company so obviously, this is the main cost (outside of salaries). These are the minimal infrastructure we need to run the app.
Without any of those tools customers would start complaining. Only AWS, Sendgrid, Uploadcare and Algolia are mission-critical. We have workarounds/failovers for all other services. Development/Product/Devops - 1370€/monthAll the tools we use to do or work, collaborate and deploy. Cancelling all those services would likely not break Prezly but make our work a lot more painful 🤯
Marketing - 4890€/monthWe don't have a sales team so adding up marketing/sales costs in one item
To be fair the paid cost is something that is unpredictable and much depending on how confident and aggressive we want to be on customer acquisition. There have been months where we are spending north of 50k in a single month. Customer Success - 2881€/monthWe don't have a sales team so adding up marketing/sales costs in one item
Intercom is expensive because we have a 'client day' system where everyone in the company (all 17 of us) take on customer support for one day per week. I've been complaining about this on twitter and have managed to bring down the cost by disabling some options and keeping Intercom for chat support only. All Company Tools - 2732€/monthWe don't have a sales team so adding up marketing/sales costs in one item
Admin/Finance/Team - 1303€/monthWe don't have a sales team so adding up marketing/sales costs in one item
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| Posted: 29 Jun 2021 04:11 PM PDT Hey everyone. I recently came out the other side of a tough entrepreneurial journey, having closed my last startup down and laying off the entire team. I decided to write down my lessons. Hopefully, they're helpful to this community. (It's a 10min read!) Here goes: When anyone starts a company and puts so much into it, shutting it down is never the outcome you want, nor expect. It was a result that I thought would never happen to us. We set out with an ambitious vision to help content creators make a living doing what they love. We made over $1M in our first 18 months. In 2017, our product exploded onto the scene and we saw hundreds of thousands of users flood in. We paid over $1M to nearly 20k content creators. We raised a total of $4.4M across two funding rounds from incredible investors — GawkBox was a horse you'd bet on, and many people did. Yet after 3 years of trying, we couldn't find a business model to make it work. Here are some of my key lessons: #1 Get as close as possible to your customer(s) and understand their biggest problem In my opinion, the single most important indicator behind the potential success of a business is how well you know your customer(s). It is imperative to understand their biggest problems so you can experiment and deliver the right solutions to them. Just as crucial to have them close by as you work through the inevitable periods of product iteration — it's pretty much guaranteed that you won't get a product right immediately and customers are a crucial piece to help you get there. My experience these past 3 years taught me about multiple different components to this. The more types of customers you have, the harder it is to understand them at a deep enough level. At GawkBox, our product value proposition was a unique, if slightly complex one — we enabled viewers of live streams to exchange their time playing mobile games (from sponsors) for a monetary donation to a streamer. That's three different types of customer: the mobile game (the advertiser), the streamer, and the viewer. It takes time to get to know one type of customer. Doing the same with three is close to impossible — and something that bred a lack of focus for us. Data from the wrong type of customer can misguide your strategy. At GawkBox we did a great job of having conversations with streamers — our community team developed long-lasting, valuable relationships within the community across Twitch, YouTube and Mixer. However, we did not weigh customer insight and feedback appropriately based upon their potential impact on our business. We needed to acquire many of the largest streamers in the world to reach the scale needed to make our ads-based model work. While we had strong relationships with smaller streamers (<100 viewers) — they often have very different priorities and goals to larger streamers who have thousands of viewers. This led us to make decisions based upon how smaller streamers view the world and create a product that we didn't know was a fit for larger streamers — customers that we needed to bring on board to make the business work. Avoid building in a vacuum — draw customer data into the product team. Too often we would spend cycles building a feature that we thought would solve a problem we identified with our customers. We'd release features that not enough people used or worse pissed users off in too many cases. We built too many things in a vacuum. While I believe that you cannot totally remove the guesswork and assumptions associated with launching an innovative product, you can take steps to increase your chances of success by talking to your customer as much as possible and integrating them into your product development process. Towards the end of our company's life, we kicked off a Product Advisory Board initiative and enlisted a small group of streamers to play a larger part in shaping our product — from the design phase all the way through to testing. Unfortunately we didn't get far enough to involve them in our product development process. The CEO needs to talk to customers, too! As CEO, I did not talk to enough customers early enough in the life of the company — often deferring conversations on to our community team. As CEO it's hard to find the time amongst the million other things on your plate, but my biggest takeaway is that this needs to be prioritized above all else. A culture of understanding the customer needs to be set throughout the organization, a culture which starts with the CEO. Takeaway: Identify the right customer for your business, involve them in your design and development cycles. Spend as much time with them as possible — especially important for founders / CEO. #2 Build a product that your customers need. We set out to enable the 99% of viewers that never send cash donations to support their favourite streamer by creating a way for them to do it for free. Our thesis was that 'free donations' could grow to be an even more significant revenue generator than direct cash-based donations — mirroring a trend from the mobile gaming world where in-app advertising is now generating more money than in-app purchases in certain genres. For our product to be successful, we needed viewers to want to donate to their favourite streamer. What we learned was that in many cases a streaming audience is not all that altruistic. While some viewers received live shoutouts for their donations, many saw nothing in return for donating to the streamer — which meant that we were too often relying on a viewers' benevolence to continue to use our product. We found that relying on the viewer's philanthropy was a tough place to be. We experimented with different features to try and create more perceived value for the viewer, to little positive effect. As viewers' were not motivated by a clear value exchange to keep using our product, the streamers that relied on them for donations also started to leave. As streamers started to leave, our mobile game sponsorship opportunities dried up. Takeaway: Create a product that solves an ongoing pain so that people will pay for it...repeatedly. We didn't create a product that viewers saw enough value in to keep using — meaning we were relying on altruism rather than a need to grow our business. #3 Distribution is just as important as product At GawkBox, we made assumptions in our growth models which meant we didn't think strategically enough about distribution. Develop a consistent understanding of how many customers you need to reach your key milestones. As we prepared our forecast models to estimate what distribution we needed to reach our goals, we made natural assumptions based upon our early data. Unfortunately, our early data gave us false positives — our LTVs were actually much higher than expected during our first 3 months because our advertisers were paying us unsustainably high prices. This early LTV data led us to build a strategy around smaller streamers under the assumption that we could extract enough value from them. When advertisers' prices dropped to more sustainable ranges, our LTVs dropped significantly — meaning we had to acquire a lot more streamers to reach our milestones. Had we been more responsive to these important data signals in the business, we likely would have made different conclusions about our distribution or product strategy. Develop a distribution strategy for customers that deliver positive unit economics (LTV > CAC). We found that distributing any of our products to individual live streamers was extremely hard. While we did well to acquire close to 20k streamers, it was an extremely time-consuming and expensive exercise — taking 2 years of brute force sales outreach, with an outbound sales strategy (and acquisition cost) more akin to a B2B SAAS company. The difference was — our LTVs were minuscule in comparison. We focused on the wrong size customer. Live streaming has an extremely long tail. According to Streamlabs, there are over 7M active streamers across Twitch, YouTube, and Mixer with an average of under 30 viewers per stream. The majority of streamers have such small audiences that they could only really deliver minimal impact to our business. With 75% of viewing hours on Twitch sitting with the top 5,000 streamers, we would've been far better placed targeting the top streamers where the majority of the audience sits. Interestingly, we later found that acquisition and ongoing management costs were similar for streamers no matter the size of their audience — many streamers are continuously bombarded by new tools and promotions, making competition for mindshare fierce. In the end, we never managed to find an effective, scalable method of marketing to streamers and our customer acquisition cost was way higher than our customer lifetime value — our LTV / CAC ratio averaged just 0.14. Always be open to distribution partnerships Knowing the scale of customers we'd need to acquire to make our business work and the sheer difficulty/lack of scalable channels to acquire them, we should've thought more about leveraging partnerships to open up new distribution channels. Aside from the behemoth platforms, only a few companies in the live streaming space have enjoyed truly significant distribution success. However we became too hung up on concerns that they'd be competitive to us instead of exploring potential partnerships — and ultimately our paranoia about competition prevented us from exploring partnerships like this that could have made a material difference to our penetration. Takeaway: Carefully understand how distribution models affect business economics (CAC vs LTV) and consistently test and update assumptions. High LTVs are needed to support outbound sales — low LTVs need scalable channels. #4 Validate people need your product before investing in growth. After we raised our last round of funding we hastily set about putting our headcount growth plans into action — doubling the team to near 20 within 3 months and increasing our monthly OPEX significantly. By September 2017, we were spending an equal amount on sales & marketing as we were on engineering. At that point, our product had shown only poor retention metrics. On reflection, we ramped our sales and marketing spend out of sync with our product development. I believe that we should have kept things leaner and focused resources on R&D to run rapid product experiments alongside our core customers to validate our ideas and improve retention. Instead, we let our focus be diluted. As we added more people and more customers, we became ever more distracted and unable to refocus on validating the right solution for the right customer. Takeaway: Keep things lean (in particular in sales & marketing) until you've seen positive retention metrics! #5 Judge your personal success on how much you learn. After coming to the difficult decision to close the company down, I was left asking myself an array of different questions: "If we'd made different calls, would we be in a different position today?" "What did I do wrong?" "GawkBox consumed my life for over 3 years. What am I going to do now?" "Will investors believe in me again?" "Am I a failure?" The feeling of being a failure is a natural reaction in this circumstance. I initially found it difficult not to judge myself by the positive financial outcomes (or lack thereof) that I expected to deliver to my family, team, and investors who believed in us. Yet it is commonly believed that 90% of startups fail — for a variety of reasons, some of which can be out of your own control. While the importance of a successful financial outcome should not be minimized, I learned more during this 3-year journey than anything else I have done professionally before. That experience is invaluable and leaves me better positioned to drive a different outcome next time around. Some recent advice from a friend & mentor stuck with me: Approach every project with a learning goal alongside any financial ones. Judge your success based upon how much you learn. Takeaway: It's difficult not to be consumed by feelings of failure, but it is important to recognize how much you learn and grow starting a company — often gaining knowledge and skills that are hard to come by in any other capacity. This will set me up well for whatever my next endeavour is. Closing thoughts Firstly — I appreciate you reading this far! These are just a few of the important lessons I learned as a first-time CEO of a venture-backed business. There are of course many other lessons that I chose not to include in this post so it didn't turn into a novel. I'm already getting back on the horse and taking my next swing. I'm trying to take these lessons and craft a different outcome in my new venture, Pickaxe, a sales prospecting extension for Google Sheets. Check it out at getpickaxe.com [link] [comments]  |
| Posted: 29 Jun 2021 01:49 PM PDT Hesitation: I'd like to start a home service business (lawn care, handyman, etc). I support my family with my current annual salary of around $50k and my hesitation is not knowing if I'll make that with starting a small service business. Does anyone have experiences they'd like to share? Thanks! [link] [comments]  |
| How to get a freelance client to pay debts owed? Collections? Posted: 28 Jun 2021 09:44 PM PDT I do freelance video editing. This long time client has usually been good with payments but they're now two months overdue and are dodging my calls and texts. They owe $760 so a relatively small amount. We're both based in the U.S. Can I contact a collections agency? Or maybe a lawyer? Is it even worth it because of the small amount? Does anyone with experience with this stuff have recommendations? Thanks! [link] [comments]  |
| how does one go about selling their game? i have already made it and tested it. Posted: 29 Jun 2021 03:50 PM PDT i like to create board games and other games. i have a card game for 2 players i have nearly fully fleshed out. i have been play testing a proxy version. i am just unsure how how to go about turning it into a reality. i do not really want to self produce and create my own brand. i would rather just sell my creation to an already established game producer and let them produce it. and either just take a flat amount or a percent of the sales. but i am not really sure how that sort of stuff works, i am more into designing and creating, not business or marketing. so i am sort of lost. [link] [comments]  |
| I've been working on my idea for over 4 years. Here's how many hats I've had to put on so far. Posted: 29 Jun 2021 07:29 AM PDT Some people choose to outsource and delegate. Others do everything by themselves. Both ways have their pros and cons. I have been doing everything on my own for over 4 years now. I hope this will help someone at the start of their journey to make the right decision.
So far, this is it. Even if the project doesn't work out, I've gained more (knowledge) than I've lost (time). But to be honest, I'm exhausted. Sometimes I think that maybe I should've taken the other path. The app would've probably already been released. I would've known by now if it's a failure and if I should move on. But it's 4 years too late for that. For me, at least. If you're going to take the same path as me, know that you can learn a lot, but it will take a hell of a lot more time and everything that might come with it. Be sure to make the most of it. [link] [comments]  |
| Posted: 29 Jun 2021 02:38 PM PDT He says starting a buisness without college education isnt viable and is just "gambling on the 1 in 10'000 chance that it works out" and "it can't be done these days". How true is this? I'd pass off what my dad is saying but he's a company partner making $400k+ a year so I have a lot of respect for him..... Someone PLEASE tell me this is all completely wrong!! [link] [comments]  |
| Help in Growing a University Social Media App Posted: 29 Jun 2021 04:13 PM PDT Hey guys, So me and a few students will be building a social media app for our university - later we plan to scale to others. The app has unique features which are not present in any current social media app (I won't go into details). How would you guys approach this from the marketing side and to convince students to join the app knowing the competition out there? Maybe some of you have tried this and failed? Any info would be great. Thanks. [link] [comments]  |
| Posted: 29 Jun 2021 07:12 AM PDT I see a lot of posts here about: "I have an idea, how do I get funding?". And always the same answers so here is a post for all of you who have an idea but believe money will solve all your problems. Idea is worthless. Sorry it just is. The only way you will get money based on an idea is if you use your own or have a great track record of past performance. And even then you probably shouldn't take it/invest it, but do some research and most importantly get the idea going before investing more than a few dollars. At the idea stage you have one great advantage and that is time. So go out there and talk to as many people as possible about your idea. But when talking, talk about their problems and not your idea. Your idea should be then pitched at the end. Then create an MVP (for those who don't know what MVP is. It is a minimum viable product. It can be an app on paper, model, etc. MVP for Airbnb was three people that stayed with Chesky while there was a conference...). After you have MVP talk to people again and ask them how would they use it, would they pay for it, how would they like to use it, etc. By this point you have spent a few dollars if not 0$, but now you have something. You know what your potential customers want and what problems they have. How you can help them and potentially make money. Now it is time to create a pitch and get some money if you need it. But remember that you don't need to buy everything. You can lease a lot of things or just rent them and so on. Hope this helps some of you. If you want I can write part 2 on this. What options do you have to raise the money, based on what field you are working in. P.S. Personal story. I was starting a company and I was just like a lot of people here. I need 250k$ to build a product. But guess what, I managed to find some software and create an MVP for 0$ and get my first customer with that. TL;DR talk to potential customers. [link] [comments]  |
| I'm willing to work my ass off (18) but I'm having trouble knowing where to start. Any suggestions? Posted: 28 Jun 2021 10:58 PM PDT I'm 18 years old and have no major plans to pursue higher education, what advice could you give me for earning as much cash as possible in a 5 year period? Literally nothing is under me. I'm willing to move, work in gutters, kiss ass, whatever it takes I want to be in a better financial position and help my family out as much as possible :) With that being said, is 100k+ over a few years a realistic hope through savings and hardwork? Love to hear what you think. [link] [comments]  |
| Study an MBA, or focus on starting a business? Posted: 29 Jun 2021 02:00 PM PDT Hi All, I've been thinking about pursuing an MBA over the past few months as it can be a great way to propel career prospects, and learn more about how business operates. I'm a bit torn whether I should do it and was wondering if it's better to invest €40k plus my time in the evenings pursuing an online/part time MBA program, or rather dedicate disposable income and time into getting a viable business idea off the ground? I am currently employed full time and the desire to start a side hustle which can one day replace my current employment would be a great thing. I realize I'm posting in an entrepreneurship subreddit but any constructive feedback would be greatly appreciated. Life has so many choices and I'm interested in any advice you're willing to share regarding the matter. Cheers. [link] [comments]  |
| Pastry chefs and bakery owners Posted: 29 Jun 2021 10:49 AM PDT How much money did it take you to really get going and make a profit and what did you learn as a startup? Thanks! [link] [comments]  |
| Using past/current client logos? Posted: 29 Jun 2021 12:25 PM PDT Does your service agreement include a clause about using their logo for marketing purposes? If not, do you ask on a case-by-case basis? Or do you just use them without permission? My agreement does not have a clause about this. I'm hoping to add something and wondering if any companies object. [link] [comments]  |
| How do you track business progress / what are your KPIs? Posted: 29 Jun 2021 06:11 AM PDT Hi, Review is important to improve. Wondering how everyone tracks business progress. What are your KPIs in terms of
Are you using any specific tools? I am using google sheet. Are you tracking progress monthly / quarterly? How much time does it take you to review? [link] [comments]  |
| Will my light product need approval from an authority? Posted: 29 Jun 2021 03:17 PM PDT In the usa I'm making an led light fixture which will be made of parts purchased online, in a custom case that I make. Will it need to be approved by some authority to be legally sold? [link] [comments]  |
| Hire IT staff or a service provider? Posted: 29 Jun 2021 02:08 PM PDT Almost every new business needs IT these days. Do you do IT yourself? Did you hire someone to do your IT? Or did you hire an IT service provider? How did you decide when and who to hire? [link] [comments]  |
| Posted: 29 Jun 2021 02:08 PM PDT Is there a way to add/create a second Google My Business location (a nearby city) without having a second physical address? [link] [comments]  |
| Feeling constantly busy as a creator? 3 ways to fix that Posted: 29 Jun 2021 01:27 PM PDT busy [ˈbɪzi] - adjective, having a great deal to do. Or as I like to rephrase it, busy = almost every single person I know at all times. It's a relatively new thing in our culture, and not only among hustlers and adults. Maybe it's a consequence of the ever-increasing schoolwork we need to get done, which serves to prepare you for the ever-increasing (in price) university degree, which then leaves you semi-qualified for a job you may not like that much. The answer to the question "What's up?" is usually one of the two: "Nothing." or "Oh, been busy.". Even if you aren't feeling busy in particular, it feels logical that we prefer to exaggerate how busy our day is than admit to not doing much. After all, our societal perspective of the word "busy" carries a much more positive vibe. However, this constant feeling of being behind doesn't get us too far. Always being torn between different deadlines and projects to maintain, while you still have to take care of your own health, mind, social life - now that's a surefire way to end up as a stressed-out burnout victim. Thankfully, there are ways to counteract this modern disease. Spoiler alert for those who are too busy to read ahead:
Now, on to the nitty-gritty. (article ahead - 5 minutes to read) [link] [comments]  |
| Possible start-up? Any feedback is helpful, Thanks. Posted: 29 Jun 2021 01:26 PM PDT So to start I On the other hand, I desire and would love to run my own business. I look at many different methods for making money via business, whether it is online or physical. I come across many tips, I come across many methods. One tip/trick that keeps hitting me in the face is you must be passionate and know something about the business niche you're going to go into. This brings me into this, I don't ask you to support it in any way I only ask to gather some information in one of the largest hubs of entrepreneur enthusiasts whether this is something you believe could work or maybe something you would use/read. My Idea? - A blog on everything to do with & about watches, now I know straight away this may seem like a 'WTF moment'. However, I do think this would be a good thing to get into that provides value. Let me explain. How would I provide value? - By making this a website that is the hub of watches, (Information, history, pricing markets, releases, community interaction) How is this different from what's out there? - Well although most of these aspects you can find out there, most of these websites only tick one of the above boxes. (Reddit - Community-driven, Selling Sites - Pricing and Price histories, Manufacturer Web Pages - Release information, Typical Watch Websites - Information). My idea would be to bring all of this information to one convenient space! I'm not suggesting this is groundbreaking nor easy to do. However, I do believe in the idea hence the reason I am writing this. Why? - The simple answer is it would tick my boxes (Self-owned start-up, Hobby themed). However, I believe if I were an outside party looking in that this would be an interesting concept as generally if I want to learn about a watch in particular or a random watch I never knew about I have to either do random searches on Google, Reddit, YouTube or even eBay. (eBay I do actually find the best to see watches you've never seen or heard about before!) The problem with that? It isn't seamless! The experience, information, pictures, history, calendar worthy dates aren't synced. How? - Like I mentioned prior I don't think it will be a walk in the park, but with the right implementation I do think it could work in ways even I don't think of right now. Scalability? - I think a business in this form is very flexible, but from a consumer view, I hate ads (especially badly optimized and targeted ads that make no sense). I would try to limit monetization that is too harsh and would focus on making my own spin-off projects, one in mind right now is a phone app to do with the market and your personal collection that I originally envisioned for perfume. However, with this new idea, I see it as a potential fit for the watch industry. So, what am I asking from you? - Nothing monetary, I simply want to see if this is an idea that you think could succeed and something you would use/interact with if you stumbled upon it surfing that wild web? I would also ask you to be 100% honest as it is the best policy, and if you don't believe in this vision I ask, why? And how would you improve it? Even if you like the idea if you have any improvement to the model what would it be? Thanks, I hope this wasn't an invasive post. Just want to gather some feedback. Have a nice day! [link] [comments]  |
| Favorite books/podcasts about entrepreneurship or retail sales Posted: 29 Jun 2021 08:45 AM PDT Although not a necessity, bonus if it's female lead. Give me your swear bys [link] [comments]  |
| Yotta: Free Lottery Tickets + FDIC-Insured High Interest Savings App Posted: 29 Jun 2021 03:59 PM PDT So I'm always on the lookout for ways to make money, and there's this app, Yotta, that gives out lottery tickets for free, every week. It's also an FDIC-insured savings account that grows your account 2% per month. No fees, no strings attached. And you'll get 100 lottery tickets right off the bat if you sign up through my referral: Gurney1 Here's a news article about the app: https://www.marketwatch.com/story/save-money-win-cash-and-theres-no-catch-11612563353 [link] [comments]  |
| Must-Read books for Entrepreneurs? Posted: 28 Jun 2021 09:57 PM PDT Any recommendations for aspiring entrepreneurs? (Especially tech related) Thanks [link] [comments]  |
| I need to write a business proposal… Posted: 29 Jun 2021 11:39 AM PDT I have a very vague starting point. (This is for an ERG/Employee Resource Group, not a business however.) What are key points to consider to make a successful proposal? How do I answer the hard hitting questions scrutinizing the idea in general? What is most important to focus on? [link] [comments]  |
| What to do after great success? Posted: 29 Jun 2021 07:40 AM PDT I started a business 11-1/2 years ago that succeeded beyond my wildest dreams. I'm at a point now where I have an offer to buy me out – cash in hand, just wanting me to shake their hand and make it happen. I've loved the last decade, and I greatly enjoy all of the benefits of being a business owner. My knee jerk reaction was to say no, but I said I'd think about it. I can completely pay off my house and my car PLUS have good cushion to live off of for a while (though I've been living the semi-retired, 4-hour work week life for a few years now). The more I think about it, the more tempting it sounds. There has been a couple of times in the past 36 hours I've picked up my phone to say yes but decided to hold off. What is next for me? I don't even know what my skillset is for looking for a job. I would love to work for a company that is looking to explore business growth, development, and expansion. I would enjoy taking someone from a smaller company to a multi-million dollar company. I have an actual track record doing this! Mostly, I would rather spend time working for someone else for a change. To not stress over the 100 daily worries business owners have. Are there any agencies that can find people with unique skills, talents, and track records and connect them with businesses who need them? Thanks for your input! [link] [comments]  |
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