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    Thursday, November 4, 2021

    You have 1 hour before bed, you worked all day and are tired, you are sick. How do you productively spend it? small business

    You have 1 hour before bed, you worked all day and are tired, you are sick. How do you productively spend it? small business


    You have 1 hour before bed, you worked all day and are tired, you are sick. How do you productively spend it?

    Posted: 03 Nov 2021 07:10 PM PDT

    I typically work all day, then spend any extra time reading a non-fiction book about whatever subject I need to. (I typically enjoy my job and reading, this isnt miserable)

    Today I'm beyond that point. The research I was working on has deteriorated in quality, I'm not making much progress with reading, I don't really feel like texting friends.

    I could passively watch nonfiction youtube or some documentary. Does anyone have any suggestions for how they spend this low energy time? (I'll get plenty of sleep, I do not want to play video games or watch TV)

    submitted by /u/canIbeMichael
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    My business is going explodie-poo. I sorta don't care.

    Posted: 03 Nov 2021 07:34 AM PDT

    Hi All,

    Consulting firm here. After a slow year I tweaked a number of things and now we have so many leads coming in I cannot keep up.

    I'm an assberger - I can't really sell. So I hired a couple guys to jump on my sales calls earlier in the year for a one-time cut. We're landing a lot of new clients. Turning many away.

    I have a prospect right now that wants to pay us $50K/mo. I don't want the stress as at that price point people are expecting 110%. They are a big giant mess with 15 locations. I'm emotionally invested with them as we've done some small work for them to start. I've been kicking the can down the road on that one.

    Brought some smaller clients aboard lately - $5k-ers. Those are dead easy - except when the main point of contact turns out to be hard to work with and my tech refuses to work with them anymore.

    For the longest time - 10 years - my business ran on autopilot most of the time. I pay my guys very very well and they just did their jobs. We serve a few niches and - wow - I mean, there were some periods - 2018 and 2019 - I was doing hardly any work except attending some calls and ordering hundreds of thousands of dollars worth of gear. We were getting referrals from people (and I was sending them unsolicited checks as a thank you). Big revs and big profits (IMO that is - everything is relative).

    For a while I was spending more time on my hobbies and travel and girlfriends than my business. IT WAS A FUCKING DREAM.

    Pandemic hit. We lost the big companies because every one WFH and/or they went inhouse. Bummer but no biggie - nice break for me and my guys. But, OK... I have to sock away just a bit bit more money as I'm officially geezer 50+ yo. Mortality is a bitch. Already have PVCs all the time.

    So, I started working hard on the marketing. And now businesses seem to be coming back to life. Our current client base is now spending money like it's going out of style. We don't even quote anything to most of our clients. New hire? $4K laptop with $1k of peripherals? Just order it.

    My guys are now stressed out completely. Yest one said he wants to kill himself (he is prone to hyperbole). Another tech had an issue with a client but I'm afraid to even phone as he gets really upset and likes to yell at me. I am non-confrontional. The motto at our company is "just do your job." Everyone manages their own workload and clients and their underlings (junior techs). It works great until it doesn't

    Trying to hire more people. Finding good people is hard. I pay my people a high hourly rate and all benefits completely paid but not salary - this is not scalable and only appeals to a certain type of person that values flexibility and managing their own workload vs getting a set amount of money each pay period. If I were to hire people salary there would be some issues with my current team - probably asking me WTF?

    Mom died in the spring - cancer surprise! Stage 4 with zero symptoms. 2 months later - bye Mom! Dad died last night. COVID surprise (he had Pfizer vaccination 9 months ago - if you're curious)! 3 weeks in ICU - I was there every night. Working all day then visit - then come home work some more. Drank crapload of coffee and went down to 500 calories a day as I was staying in my mom's house (this was across the country) and scrounging cans of beans or mac and cheese from the cupboards. Side benefit - lost about 15 lbs. Then a few days ago we had to pull the vent on Dad and then he went into hospice for 3 days.

    Cannot sell the business as it is very much lifestyle biz - I do all sales, marketing, money stuff. Could prob sell our book but it isn't that big in number of clients - just very wealthy ones. Probably wouldn't get but just a year of profits if that. But then I would have nothing to do and sit on the couch all day. Or I could just travel around the world for a year but - oh forgot - COVID - and my GF is 20 years younger than me and is focused on her career. I can't be without her.

    I try to think of another business to start that doesn't have so so many moving parts. But I'm not that smart. And there are few businesses with the sort of margins we're enjoying.

    Um, help? Did any of this BS make sense? Or feel free to downvote me to hell for posting this self-indulgent crap. Toodles.

    submitted by /u/Jen_Corgi
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    Don't Forget To Thank Your Clients

    Posted: 03 Nov 2021 04:14 PM PDT

    I work in the SEO industry and oftentimes clients will thank me for my services when things are going well for their businesses; however, while I was sending out reports today I got to one of my first clients ever and I decided to tell him how thankful I was for his business. This client believed in me when nobody else would and even more important was he didn't give up on me and had faith when times were slow.

    I think oftentimes many people including myself get wrapped up in complaining about all the things our clients don't do but remember to appreciate your clients sometimes as they believe in you more than a lot of other people do. I know a lot of you might be saying this post was pointless but like I said it's easy to get caught up in complaining.

    submitted by /u/Juicetin1998
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    Scam or legit?

    Posted: 03 Nov 2021 05:21 PM PDT

    I run a window cleaning business and Ive had a couple calls in the last 2 weeks from customers either in another state or very far away from where i do business. They are asking for me to clean windows at a house near me (different houses each call, and different people calling) on behalf of their boss and want to pay me by credit card.

    Ive never had calls like this so it got my spidey senses tingling now that ive had 2 requests like this in 2 weeks. These people sound normal on the phone but i know that doesnt necessarily mean they arent bad actors here.

    I havent officially scheduled the work, but am i being paranoid? Anyone have advice on weeding out a potential scammer?

    Update 1. Spoke to her just now, asked if there is going to be anyone on site i can meet with. No, only the house stagers will be there. Told her i dont take credit cards, she said "oh darn, can you send us an invooice?" Then took it back " no wait thats going to be a hassel, let check some other options and call you back tomorrow morning".

    And lastly, i got the company name she works for. Its a realty company with a ton of really bad reviews. I looked through all 200+ people on the company linkedin and didnt see her name anywhere. I guess ill see if she calls me back but at this point if im already not too interested in this job when i have perfectly normal customers lined up and ready to hand me their money.

    submitted by /u/WindowWhasher
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    How to invoice a company without revealing personal information? (Canada)

    Posted: 03 Nov 2021 10:24 PM PDT

    I need to submit an invoice to a business for services but I don't want to reveal my personal name. If I invoice them I have to say what/who cheque should be made out to. If I register a sole proprietorship and use that name, you can still search the company name and find who registered it. Even if I incorporated provincially, you can find out the directors through a $10-30 paid search (I'm in Ontario).

    Is there anyway I can invoice a company without them finding out/having a way to find out my personal information?

    submitted by /u/24356987
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    Best place for bulk uniforms?

    Posted: 03 Nov 2021 10:11 PM PDT

    I'm looking for dry fit polo shirts that can be bought in bulk for employee uniforms any one used a specific website they like?

    submitted by /u/tacosnsuch
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    Uptick in rude customers, how to respond

    Posted: 04 Nov 2021 04:37 AM PDT

    Idk what is in the air lately, but no less than 5 people a day message my business with a one word demand, never a question or a request. Just one word, a command. They aren't asking, and they aren't even remotely polite.

    How do you all respond to this type of "inquiry"?

    submitted by /u/outofroad
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    Relationships Are More Important Than Transactions

    Posted: 04 Nov 2021 04:20 AM PDT

    WHY?

    • Transactions are all about selling a product - but this can sometimes be a one time deal.
    • Relationship building for your business is all about building loyalty with your customers, employees, and members of your community. This will help you get new customers, retain current customers and manage your reputation.

    What creative ways are you building relationships?

    submitted by /u/buyandsellabusiness
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    What do you think about Twitch - the video game streaming site worth an estimated $15 billion that recently leaked?

    Posted: 04 Nov 2021 03:15 AM PDT

    I recently heard about Twitch's leak and it got me looking into the company. It turns out their story is pretty interesting:

    How Twitch was started

    • Twitch was launched in 2011 as a spin-off from the general-interest streaming platform Justin.tv. The original website was a 24/7 live stream of Justin Kan's life streamed via a webcam attached to a baseball cap and laptop-backpack system.
    • Later that same year the team decided to launch Justin.tv as a platform that allowed anyone to set up a live stream. This pivot boosted audience growth and within 8 months they had 1 million registered users.
    • The platform received seed funding from startup accelerator YCombinator
    • In 2011 the team decided to focus on Justin.tv's most popular section where users were broadcasting and watching live streams of video gaming.
    • At launch, Twitch received 3.2 million monthly unique views for gaming streams and content, with the average viewer taking in 4.5 hours a month, compared to the 3 hours per month of general content the average internet user watched at the time.
    • Within a year, the number of monthly unique viewers had grown to 20 million. By 2013 Twitch had reached 45 million unique viewers per month. By 2014 Twitch accounted for 1.8% of United States peak internet traffic by companies and ranked fourth overall during peak hours.

    Twitch sold to Amazon

    • The rapid growth of Twitch piqued the interest of a number of companies, including Google and Yahoo. Amazon ended up acquiring them for $970 million in an all-cash deal in 2014.

    How Twitch is monetized

    • A major selling point of Twitch is that users can directly interact with the content creators, also known as twitchers. Users can subscribe to the twitcher's channel, chat with them during their stream, or donate money to them through subscriptions.
    • Twitch takes a 50 percent cut of each subscription.
    • Using Twitch's internal currency called Bits, users can cheer on and support their favorite streamer.
    • In order to combat the lack of monetization for free users, Twitch enabled video ads on both pre-recorded videos and live streams, with streamers paid on their CPM or per 1000 visitors.
    • Merchandise, the final revenue stream, is the most obvious showcase of Twitch's partnership with Amazon.

    Twitch struggles

    • Since 2018, the platform and its apps have been banned in China
    • Twitch was blocked in India by telecommunications company Jio as well as internet service providers JioFiber and Hathway in 2020 as some users were using the platform to illegally stream matches of the Indian Premier League.
    • Twitch lost its top streamer, known as Ninja, when Microsoft signed him for an exclusive deal to stream on their platform known as Mixer in 2019. When Mixer shut down in July 2020, he signed an exclusivity deal with Twitch and returned to the platform.

    Twitch leaked [how much do streamers earn?]

    • Twitch recently made headlines thanks to a leak by a hacker that allegedly contained their platform's entire code-base, details of their competitor to video game distribution service Steam, and how much they had paid out to top content creators.
    • It revealed that the top channel, CriticalRole, could have earned almost $10 million between August 2019 to October 2021 without donations or brand promotions.
    • The leak also revealed that 25 percent of the top 10,000 highest paid Twitch streamers don't make minimum wage.

    In conclusion

    As it stands, Twitch hosts 91% of all video game streams worldwide, and the platform is home to more than 9 million streamers, with users having watched a total of 18.6 billion hours in 2020, easily surpassing the numbers of Facebook, YouTube, and the now-defunct Mixer.

    I made a video on the topic. Let me know if you want me to share a link in the comments.

    submitted by /u/Jellyfish9419
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    Hello reddit

    Posted: 04 Nov 2021 02:18 AM PDT

    I'm 14 and want to start selling gym supplements how should I get customers

    submitted by /u/Huge-Sherbert6418
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    How Do I Setup My Gym For Self Service?

    Posted: 03 Nov 2021 08:17 PM PDT

    Hey People

    I own a gym with ~500 members and I want to introduce more self-service options. I'm thinking iPad's with a customer service'esque app that will allow my members todo the following.

    1. Provide feedback (ideally anonymously)
    2. Make customer service requests
    3. Access a knowledge base i.e. how to use equipment or do a certain exercise
    4. Access a FAQ for commonly asked questions

    Does anyone have experience setting up something like this in any type of business. How did you do this? What were your costs? Which apps/tools did you go with?

    Danke!

    submitted by /u/HandleRelative
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    SBA Loan-does this sound reasonable for total costs?

    Posted: 03 Nov 2021 04:37 PM PDT

    $200,000 loan, total all-in costs of about $16,500 to close.

    I'm having trouble getting a straight answer if that sounds right. It seems awfully high to me.

    Some of the breakouts-$4500 (3%) guaranty fee; $2500 packaging fee; $1500 title insurance; $3750 attorney fee; $2500 business valuation.

    Complete newbie here. Buying a business. Does the above sound reasonable? I need to move quickly. My alternative is a ROBS IRA which is so much simpler, but I'd rather use someone else'e money if I can. But the amount above seems like a lot to close a loan.

    Someone help?

    submitted by /u/TheCenterOfEnnui
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    Company cloud hub is now offering a FREE CRM, HR and Project Management System. Just wanted to share it with this wonderful and lovely community :)

    Posted: 04 Nov 2021 02:02 AM PDT

    Signup for free: http://companycloudhub.com/

    The web application enables you to: - Manage customers and leads. Track client projects, invoices, proposals/estimates. - Add your company's employees, track their attendance and manage their leaves. - Create contracts with clients with e-signatures. - Create projects, add project members and track the project progress, expenses, earnings, timelogs, tasks, milestones. - Kanban taskboard to visualise work and tasks. - Project gantt chart to plan the project schedule. - Convert the invoices to credit notes which can be redeemed. - Create products which can be used in invoices and can be purchased by clients. - Tickets can be raised by employees and clients which are assigned to ticket agents to get it resolved. - Messages section for internal chats - Slack, pusher and one signal integration for real time notifications - Theme settings to style the app to reflect your brand - Create custom roles with custom permissions for employees. - Various reports for tasks, timelogs, finance, attendance, leaves - Tons of other configurable options

    submitted by /u/samfiric0
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    Any recommendations on how to find a good and inexpensive marketing company?

    Posted: 03 Nov 2021 06:30 PM PDT

    Basically the title. I had a team reach out to me but after careful reviewing it appeared to be a scam and all the following/likes on their page looked to be fake :/

    submitted by /u/amadeaqueen
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    Do you ever get anxiety that your clients don’t like you?

    Posted: 03 Nov 2021 11:42 AM PDT

    Just curious if anyone else struggles with this? Finishing up my first year in the lawn and landscaping business and it feels like my clients do not like me. Spring and summer went great and all my clients seemed very pleased and paid on time. Now that the season is coming to an end it feels like pulling teeth to get some clients to pay. Also when I reach out to them now it seems like I only get one word replies or no reply at all. Just curious how you deal with this. I'd say I have anxiety that I'm afraid a lot of them will not use my services next year.

    I think it also might be they're burnt out of summer or ready to not have to pay someone to maintain they're yard. Which makes sense because I am also really looking forward to having a little time off myself.

    submitted by /u/I_Know_Nothing_Ok
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    Starting A New IT Services Business In Southeast MI

    Posted: 03 Nov 2021 05:25 PM PDT

    Hello I'm preparing to go into business for myself and will be focusing on providing IT services to small businesses in Southeast Michigan. I would like to target healthcare such as private practices, dental offices, vets, etc.

    I've been in industry for 7 years. All of that the healthcare sector. About 5 years ago at my first gig, I saved (literally) one of their clients business after their IT provider completely failed them. I'm banking on the owner of that practice either giving me some business or at least giving me a referral etc.

    Anyways with that known, where do I start? What kind of insurance do I run? Do I need to get an LLC? I know this is basic level stuff but I don't want to miss anything.

    Any advice from people doing this in my area?

    I've got $60k of savings and I still have a day job (remote). I do not want to spend the entire 60 but it is there if needed.

    submitted by /u/xyro71
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    Anyone buy their business? How was that process?

    Posted: 03 Nov 2021 04:58 PM PDT

    We are in talks to buy a small business and have very different ideas than the seller's broker on valuation. It's a business that saw significant uptick during Covid and we anticipate a dip back down, which they're making the case isn't.

    So, how do we make a convincing offer without overpaying? I'm probably just freaking out.

    submitted by /u/BicyclingBabe
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    Startup Funding for my small business - Food Truck

    Posted: 03 Nov 2021 08:28 PM PDT

    Hello! I've been searching left and right for funding for my food truck but I always come out with either being more confused or running into scam websites. Is there any resource I can use or lender website that can provide less than $100k in funding?

    I have tried SBA lender match but it only returned two matches. Does anyone have any advice or guidance they can offer? Thanks!

    submitted by /u/Revan_Seven
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    californiaregisteredagents.net experiences?

    Posted: 03 Nov 2021 08:24 PM PDT

    Hello someone on here suggested californiaregisteredagents.net as a registered agent solution. The price looks great, service is what I am looking for. But I never heard of them. I also saw another site with almost exactly the same name. Can anyone else here recommend them? Thanks for the help!

    submitted by /u/AlienConPod
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    Need Laptop Suggestions

    Posted: 03 Nov 2021 07:40 PM PDT

    I am starting my first business soon, which will be very small. It's pretty much a vendor at a farmers market selling spice blends, and also eventually online. If things go well, I'd like to grow as well.

    I currently have an old laptop from around 2010 that is super slow and near impossible to work on without getting extremely frustrated and wasting time.

    I am looking for suggestions for good business laptops around $600-700. No more than $700. This is a large commitment for me so I want to make sure I don't make a poor decision in my selection. My current employer has discounts for HP, Dell, and Lenovo. So if you have suggestions from these companies up to $1000 I'd be interested in hearing those as well.

    submitted by /u/DagleBagel4
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    Friends & Family Discount rules

    Posted: 03 Nov 2021 07:23 PM PDT

    I just started my at-home business a month ago and the orders aren't coming in like I had hoped but I'm okay with that- it's still early and I have to get myself out there.

    I have some friends who have always been incredibly supportive of my craft and were the first to order products from me when I opened. I gave them a 10-15% friends & family discount on their first orders. One of them has decided to order more products from me.

    I don't know what to do here- is the F&F discount a lifelong thing? I really want to discount the order to show my gratitude, however I am told (by these same friends) that I am undervaluing my work when I set prices. Presumably, they're comfortable with paying full price, but should I still offer a discount because they're very close to me? What would you do?

    submitted by /u/naturelover588
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    Employee needs paystubs…

    Posted: 03 Nov 2021 07:16 PM PDT

    I own an LLC in Vermont. a residential painting business. My employee has been working for me for 3 months, being payed under the table. If the employee were to need to show proof of income for the past three months for any reason, am I allowed to just… print paystubs? Or does it have to be through a payroll company? Sorry is this is a dumb question …

    submitted by /u/CaptainHoey
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    Natural Product Industry

    Posted: 03 Nov 2021 07:13 PM PDT

    Hi, I am looking for a mentor/ consultant who can help with guiding me towards expanding the business. I started a year ago, I am kind of stuck in not knowing how to expand and where to move.

    Maybe someone can recommend a mentor or a business optimizer who has experience working in a natural product industry

    submitted by /u/Deep_revolutionx
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