Business After reducing headcount by thousands during the depths of the pandemic, the airlines industry is grappling with shortages, and are now offering premium pay to hefty signing bonuses. This despite an infusion of $54 billion in federal aid to help cover payroll expenses last year - Reuters

A friend of mine is looking into purchasing an existing steel company he has been working for. They build steel buildings, warehouses, barrel houses, etc. The company's top line is around 1.2 million and bottom line is around 380,000. It's definitely a small business but the margins seem good. The seller wants 650k for the company. My friend wants 100k in operating money. With the purchase, the seller is offering one year of consulting at 5 hours per week, about 170k in assets, trucks, etc., and the company name. The seller owns the property but will not be selling the property, rather renting it to the buyer. Employees have agreed to stay with the sale. To me, this seems like a good buy.

He has some money set aside, but not a ton. He's only made 40k a year working for this place so it's been hard for him to save.

The core is this. He's wanting to get a 600k SBA loan in his name and he's wanting me to put up the 20% down payment of 150k. I'd be a silent partner with 20% ownership. I have the money and if it goes belly up, I'll be ok. He'd be the managing partner. Everything I gather is that since I'm a silent partner, I'm just considered an investor and am not liable for any debts other than my 150k at risk investment. Is this true? Is this a good buy?

Having only roughly ran through the PL statements for the past few years, if things stay on track, I should expect to receive 76,000 a year before taxes, which sounds awesome on a 150k investment. It's worth noting that I believe in the company and trust the managing partner (my friend). He should receive roughly 304k of the bottom line to pay the sba loan and his taxes.

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Buying a percentage of a store ?

Posted: 30 Nov 2021 06:28 PM PST

Hello, I know you guys are busy and I don't want to take much of your time — is it likely to strike a deal with a , let's say a barbershop, vape shop , small gym to offer 20,000$ for a percentage of their business ?

submitted by /u/Exotic-Background-94
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How Boeing Was Set on the Path to Disaster by the Cult of Jack Welch

Posted: 30 Nov 2021 06:04 PM PST

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I Got Called A Scammer, What Should I Do?

Posted: 30 Nov 2021 06:03 PM PST

So this past client of mine works in the E-commerce industry selling latex pillows; however, he doesn't sell a variety of products only this one product. Now when we first began talking I explained to him that SEO is a long process and could take 6+ months to really see the results come in especially when competing in a competitive industry with larger companies. Now at the time he had agreed with me and said he was ready to get started which I figured yeah let's do this.

Almost immediately he began micromanaging me trying to intervene with my process SEO at every turn by saying things wouldn't work or saying how he doesn't believe that's a good idea. Now many people would be annoyed by this seeing as if he already knew what works and what didn't he wouldn't be hiring me, but in most cases, I just see this as a client being involved with their business and just shrug it off and try to work with them as much as possible.

Then one day I received a text saying "Hey Justin, I canceled all other forms of marketing and we will be relying solely on SEO right now" this took me as a complete shock and I informed him that probably isn't the best idea as the best marketing strategies don't rely on just one channel but rather multiple feeding off of each other and if he were looking for money immediately SEO wasn't going to do the trick. This fell on deaf ears and no more than a week later he began to become more impatient saying things like "Hey sales are down this month" or "Hey I think we need to pivot our SEO strategy" and while these things may not sound crazy it had only been 1 month at the time and I had just laid the foundation and redone his website to fit the strategy I had laid out so essentially we never even got to try it out.

Fast forward to the very next month and I get another message saying "Hey Justin I spoke with another marketing expert and they said it would a dumb idea to continue with SEO services as they don't belong on an eCommerce store. You may have not known that but maybe now you won't scam people in the future." Can't lie this hurt a lot as I pride myself on providing quality SEO services to the businesses I work with and I've worked and currently work with both service businesses and eCommerce stores in the past that have seen great results. I ended up just replying with "No problem, best of luck to you" but am I wrong here? I told him everything I could and didn't even get a chance to see my plan come to life then was dumped on for it.

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Dow Plunges 600 Points As Federal Reserve Warns About Omicron Impact

Posted: 30 Nov 2021 12:17 PM PST

submitted by /u/HRJafael
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Elon Musk tells SpaceX employees that Starship engine crisis is creating a ‘risk of bankruptcy’

Posted: 30 Nov 2021 01:47 PM PST

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AT&T sales representatives working from target Sam’s etc, base pay $10 an hour, how many people on average get signed a day? How much do these sales rep make?

Posted: 30 Nov 2021 01:31 PM PST

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I'm 21 years old and have been studying business and interested in business since I was 10. I have time to read and want to delve into books that speak volume on business.

Posted: 30 Nov 2021 12:26 PM PST