How do you keep your employees happy while enforcing rules and motivate them to improve their sales performance? Entrepreneur |
- How do you keep your employees happy while enforcing rules and motivate them to improve their sales performance?
- How do you brand a "jack-of-all-trades"?
- Should I get a loan to increase my stock range?
- Pro tip: Be careful to who you depend to or partner with for your startup, a chain is as strong as its weakest link.
- If cold calling is dead and other methods are a slow burn, what’s really the best way to get clients?
- My board is completely out of touch
- From your personal experience, what industries have you tried to build a business in that were the most challenging?
- Small side biz for stay at home mom
- What makes you an entrepreneur? Is it worth it?
- How many of you work a job full time, have a family (kids who you raise) and operate your own business in your leftover time?
- Has anyone successfully switched from a tech career to something else?
- What has been your biggest/most expensive mistake?
- Idea for a Small Buisness need feedback
- How to manage failure?
- Appsumo. Why?
- https://tchamp.fun/s/WvtI94za
- Do you added your name or the name of your company at the end of a promotional video for your clients ? If you don't can you still share this video as your own creation without getting sued? ( You have all the raw material that resulted in this video).
- Have you gone through NewChip? Any thoughts?
- I am new here, but I have a copyrighted idea, and require some advice from this subreddit.
- Reverse Charge VAT in the US?
| Posted: 16 Dec 2021 06:43 PM PST Any suggestions would be appreciated? I run a commission based business but my employees seems to be very unmotivated lately even with higher commission structure? [link] [comments] |
| How do you brand a "jack-of-all-trades"? Posted: 17 Dec 2021 01:28 AM PST Hi, I am what they call "a jack of all trades". Since childhood I was never that person that had one hobby and made it a career. I actually did not know what I liked and what I wanted to do. Hence, my soul searching came to my 20s. As a result, I have 2 university degrees (one in Marketing and another - in Front-End Development and UX/UI design) and also a work experience in both of them (did a lot of working while studying, thanks to remote classes). Currently working as a project manager developing digital projects. I also do photography as a hobby. Now I am thinking of starting my own business (digital agency) and I would like to develop a personal brand as one of marketing channels to promote own business. But here is where I am stuck and a bit envious of people who always knew what they wanted to do and by their 30s have 10 years experience in one field. Such branding is easy and all books/classes seem to cater to these kinds of cases. But what does one do when they have work experience in several not-so-related fields? I feel like it could be a very strong competitive advantage, but right now it feels like I would like to rewind these 10 years and start over sticking to one field. [link] [comments] |
| Should I get a loan to increase my stock range? Posted: 17 Dec 2021 12:29 AM PST Hi, I've been running a 1PL e-commerce business for 3 years. I bootstrapped from $10k cash and reinvested profits until the stock value currently sits at $150k (cost). I've started taking profits now as it's my full time job but I still want to grow the company stock range as I have lots more products I can potentially sell to my customers, but don't have the capital to do so and continue growing the stock value while taking profit/salary. Would it be a good idea to take a $50k loan and pay it back over a year? The annual revenue is currently $650k and profit margin 28%. The extra money would allow me to stock a higher range of products and hopefully continue to increase revenue as I've now plateaued for the last 6 months. [link] [comments] |
| Posted: 16 Dec 2021 05:35 PM PST So some background here to avoid falling into the bullshit zone, I am not an entrepreneur, I am a programmer. I never did anything entrepreneur wise so whatever I say, take it as personal experience. I became active in your sub recently after I saw an interesting post and commended, always been interested in the art but never pursued it. But I see a lot of driven and lost people here, so I decided to do my part maybe some of you need this. So whatever I say know that it doesn't stem from professional experience or anything I read, but just life wisdom I attained after both winning and losing. Your partners are the cogs in the machine that you call your business model, they are the ones who make deadlines happen with you, the ones who have to carry the weigh of stress with you, and the ones that you may have to depend to when you're needing someone. You might be devoted, dedicated af, and a genius in your craft, but doing everything on your own is almost impossible. So at some point a part of your project or business will require someone, so without trying to sound like a pompous poser here, I want to give you some painfully earned wisdom I attained after trusting the wrong person, a list of "rules" to follow:
My last advice and possibly the most important one is to learn how to enjoy what you do, I love coding and I see a perfection in it, perhaps even a twisted form of beauty in its complexity, potential, and unforgiving nature, how a syntax can make the entire code useless makes me feel accomplished in a way. If you can do the same with your business model or craft I promise you will never feel disappointed or discouraged again, why? Cause even struggle will be enjoyable. [link] [comments] |
| Posted: 16 Dec 2021 08:06 PM PST What's your best way of finding clients? I've read loads of posts stating cold emailing is dead, cold calling is dead and networking is a slow burn. So just how are agencies successfully pulling in clients? They surely can't all be in bound? Let's talk branding for example, how would an agency even pitch that to a potential client. With mock-ups? It just seems difficult. [link] [comments] |
| My board is completely out of touch Posted: 17 Dec 2021 03:17 AM PST As a founder, every time I speak to my board I feel they are completely out of sync with the company and have no idea what's going on. Anyone else experienced this and can think of best ways forward. I think perhaps they're not the best choice for the company and am looking at removing them. [link] [comments] |
| Posted: 16 Dec 2021 04:50 PM PST |
| Small side biz for stay at home mom Posted: 16 Dec 2021 04:15 PM PST Discussing with a friend, what would be some small businesses with little to no skill, low start up cost, but great work ethic you would suggest to stay at home moms. Child care is out. [link] [comments] |
| What makes you an entrepreneur? Is it worth it? Posted: 17 Dec 2021 12:21 AM PST I speak to a lot of entrepreneurs. The first few years tend to be horrible. Stressful, painful, lonely and lost. If it doesn't work out, at least you tried. You'll probably wonder if you gave up too early, you'll have paid financially for it, it could marginally negatively impact your career just for the fact that you missed out on some promotions. But in the big picture, no big deal. If the business does well you can do what you're passionate about for the rest of your life. If things frustrate you, you can usually change them. If people frustrate you, you can usually fire them. The financial upside is unlimited and exciting. The freedom is incredible - I mean, right now I'm working from a cafe while my kids are studying (they're homeschooled). The chances are, however, that it won't work out. The stats are piled against you. My advice is this. If you're at least fairly smart and desperate to become an entrepreneur (which will help get you through that tough period at the beginning), you should go for it. Huge upside, limited downside and you won't spend the rest of your life wondering what if… [link] [comments] |
| Posted: 16 Dec 2021 03:22 PM PST Thinking about starting over and making my business more of a side business and focus more on wealth building. (My business has gone from 600K in revenue to maybe 75K in revenue this year over 3 years). I have a lot setup in the pipeline related to it, but getting a job in a new field that previously wouldn't have been opened to me without access to capital seems like more of a sure way to get where I would be if I had brought my old business to the level where I hoped it would be. My biggest issue, is that I'm not a quitter, part of me thinks I should just shut it all down (There is no resale value except in FF&E) and part of me still hopes I can grow it to a million in revenue at EDITED. Anyone faced anything similar? Can you or did you do it all? [link] [comments] |
| Has anyone successfully switched from a tech career to something else? Posted: 17 Dec 2021 01:24 AM PST Curious if anyone who's worked in tech [non-tech roles included] before has switched to a career in a different field. What are you doing now? Did you perhaps start a company? How did it go? TIA [link] [comments] |
| What has been your biggest/most expensive mistake? Posted: 17 Dec 2021 04:20 AM PST Thought it could be interesting to share with each other our mistakes. [link] [comments] |
| Idea for a Small Buisness need feedback Posted: 16 Dec 2021 06:38 PM PST I've been thinking about putting a spin on traditional coffee shops and opening a herbal tea shop. It'll have all the nuances of a traditional tea shop but with my own personal touch to it so it'll be a cozy spot to relax and spend time with friends and family. I'm fascinated by nature and herbal medicine and I think providing a place where people can learn and indulge in this space will be unique enough for it to thrive. I could be wrong tho I'd like some advice if you have any. Ik now is not a great time to open up a small business I plan on doing it when things settle down maybe 5 years from now or so. [link] [comments] |
| Posted: 16 Dec 2021 11:24 PM PST As simple as the title says, I need advice on how to manage failure? Despite working my ass off all the time, everyday, during my free time and the time in the middle of work to get good at this career, my success rate is still below average. Heck, even close to zero. Any advice would do. [link] [comments] |
| Posted: 17 Dec 2021 02:46 AM PST We've been working on a CRM for small business owners for the past long while. It's reached a state of decent polish and is ready for show time. I was approached by appsumo and they want me to run a campaign with them, but the revenue numbers don't make much sense. I'm thinking that we'd have to sell for $199 to generate interest. Appsumo sells lifetime deals to software for those who don't know. Appsumo then keeps 75% of the revenue. This leaves us with 50$ to support a lifetime customer. $50 is less than our monthly fee. On what planet do these type of lifetime deals make sense to a software business? [link] [comments] |
| Posted: 17 Dec 2021 02:45 AM PST |
| Posted: 17 Dec 2021 02:38 AM PST As a self employed videographer, I've created a lot of promotional videos for my clients and I just realised that I didn't add the company name on a lot of them. I'm not sure how I could have done that in a flawless way without the clients thinking I'm claming these videos as my own. My business is new with only me on my team. [link] [comments] |
| Have you gone through NewChip? Any thoughts? Posted: 17 Dec 2021 02:25 AM PST Hi, I am considering taking my company through the NewChip accelerator for fundraising. It looks promising but their high pressure sales tactics are putting me off. That of course could just be the sales people ... anyone have any positive or negative experiences. Is the course and result as they advertise? Alternatively, are there other programmes that you suggest are better. And to clarify - we have been through general accelerators and are mostly interested in using NewChip to reach out to US based investors. [link] [comments] |
| I am new here, but I have a copyrighted idea, and require some advice from this subreddit. Posted: 16 Dec 2021 10:11 PM PST I'm a retired engineer from the Ford motor company and in no stranger from good ideas. Recently I acquired a 7,000 w whole house generator that requires the Honda engine rebuilt. While investigating repair procedures on YouTube I ran across a fellow with the same generator who would come up with a very crude and dangerous way to run his on propane and natural gas. Easy peasy, I used some off-the-shelf HVAC components, added a couple of invisible engineers to assure safety, and I now have a $250 conversion kit that will convert any gasoline or diesel portable generator to run on City gas or propane. The switching assemblies to tie in to house power are readily available and quite cheap. How do I take this idea from my workshop to market? Should I wait for the patent to be formally accepted or is my copyright and documentation sufficient? I can manufacture all of these components locally using Amish. It would be cheaper however to source from India. What do you think? [link] [comments] |
| Posted: 17 Dec 2021 01:44 AM PST Hi there, i'm thinking about starting a business selling digital goods. Now usually i'd have to pay VAT in the country of the buyer. In Germany however there is the possibility of "Reverse Charge", so that the buyer is responsible to deal with it in his country. Is there something like that in the US? Can i sell something to an American and say "deal with the VAT yourself"? Potential customers will probably be both B2C & B2B. Also open for information of other countries. [link] [comments] |
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