My Secret Sauce to Massive Entrepreneurial Productivity Entrepreneur |
- My Secret Sauce to Massive Entrepreneurial Productivity
- I have a successful YouTube channel and a large social following… how can I make a decent merch store/clothing line that isn’t a generic print on demand store?
- Does anyone run a courier business?
- Hiring a CPA for my new LLC
- How to manage assistant using my e-mail
- 400K and confused
- Our entrepreneur virtual coworking space setup
- How do you measure performance of your staff?
- Own commercial building, in the middle of a deli/market build out but plans have changed. What to do?
- My routine
- As an entrepreneur, i sometimes get knocked around. I've had people I like betray, hurt or abandon me when things got tough. It hurt a lot discover who my fair-weather "(ex)friends" were in difficult times, but i learnt lots too. Here's 2 personal tips i learnt to keep me going.
- Would you rather be forced into entrepreneurship or choose it yourself?
- real-estate ownership business models
- Where is the best place to promote my IT business online?
- Does anyone have any ideas how to solve this problem?
- I made $5000 in my first week as entrepreneur. The medicine really is just starting, back against the wall
- What does it mean to be part of a company that Accel, Sapphire, a16z etc leads the round for?
- ISO: Lending Network
- Do you think it's bad karma to end building a business with my best friend?
- Purchasing an electrical contractor
- How we completed our seed funding round [Key Takeaways]
- Have you faced any financial hurdle while buying a domain name for your startup/project when you were just starting?
- Standard deduction/Est taxes
| My Secret Sauce to Massive Entrepreneurial Productivity Posted: 18 Dec 2021 12:28 AM PST It´s very contradictory. My week consists of:
I consider myself a highly productive person and I know many successful people. And if you come to me asking for tips on how to be productive, I will not give you the normal advice of todo-lists, shortcuts, hacks etc. I will tell you to relax. Entrepreneurs are creative creatures. We´re not meant to be super-serious and overly disciplined. We're meant to have fun and create art, that's where the great ideas are. When you're an entrepreneur, you take highly leveraged decisions. One decision might change the course of your company. If you're not sleeping well and having fun, your mood and mindset will suffer extensively because of it. And you might end up making shitty decisions. But if you're well rested and light-minded, you will think clearly. And clear thinking is the secret to a life well spent. Having a clear mind is the main ingredient to the effortless winner. I´m not saying you don't need to have self-discipline, that's one of the ingredients as well. But please don't let self-discipline be your North Star. It will burn you out. The best ideas come to you when you're having fun and going where your genuine curiosity is taking you. My advice to being a highly productive entrepreneur: Go for long walks in open air in sunshine. Spend quality time with your friends and family. Just goof off and have a silly time. Often. Dont take life too seriously, you're just a monkey with a plan. I tweet about building a local newsletter on the side and self-care: https://twitter.com/znorrih [link] [comments] |
| Posted: 17 Dec 2021 10:53 AM PST I've dabbled with various printing places like Prtinful or Printify but it really limits the "type" of clothing I can create. I'm finding it very hard to find a lot of information on this, what would be the best way to go about creating a clothing like that's more professional and unique not just printing images on generic shirts? [link] [comments] |
| Does anyone run a courier business? Posted: 18 Dec 2021 02:09 AM PST Hello fellow redditors, I want to start a courier business delivering small packages/parcels and things of that nature. I have some startup money to pay for a vehicle/insurance. How would I go about turning my dream into a reality? If I was able to find customers where would the packages be picked up for delivery, and what kind of paper work/legal aspects should I know about? Can someone who knows how this industry works explain to me how I can get get into. That would truly be appreciated. Thank you [link] [comments] |
| Posted: 17 Dec 2021 12:18 PM PST I started my new Washington state single member LLC sales consulting business on April 1st of this year that is generating my sole employment revenue and recently engaged with a local CPA to inquire about assistance in filing my tax return. Although I have historically filed my personal taxes using Free Tax USA, I have never filed on behalf of my LLC and am quite clueless in this regard. The CPA has quoted me $900 - $1,100 to prepare and file my taxes. Is this something I should be able to do myself, and if not does this sound like a reasonable fee? [link] [comments] |
| How to manage assistant using my e-mail Posted: 18 Dec 2021 03:02 AM PST Hey, I want to let me assistant use my professional email account as she helps me out with customer support. Do I have to purchase another account for her as yyy@address.com or can she use mine xxx@address.com ? [link] [comments] |
| Posted: 17 Dec 2021 04:58 PM PST Hello everyone, I am at a weird phase in my life and need some guidance. I understand I have immense privilege right now in my life and I have a lot of pressure to try not to screw it up. I have been running my family's biz for last 6.5 years with my parents. it's a 25+year Transportation shuttle service (Tourism). COVID hurt us a lot but we were able to hibernate and come back when we saw fit. We were also able to secure some funds thanks to EIDL which I would NOT have been able to do pre-COVID. So I am very grateful that I have survived not only with our lives, but also our business. Anyways... The business hasn't come back yet, 2022 may be better. I want to invest some of this $ in different streams of income, something that will be more steady than just our hotel shuttle service. I am exploring shipping/logistics, charters for group Travel, or transfers for airport crews. But, I don't know where to start and am confused. The biggest issue I have is that while I know I am capable to figuring something out, in my heart I am not happy doing this transportation business. I have a lot of ideas for other industries that I feel more passionate about. For the last 2 years, I have studied other industries that I'm interested (food, e-commerce) but haven't had the guts/money to dip my toes in it. I have an idea that I REALLY want to try that I finally have the guts for. It's luxury fragrance/beauty niche brand that will bring OUD and Bakhoor on a larger scale to the US market. It would be a BRAND, not just me putting up an e-commerce store with products from Aliexpress; I want to build a community and a lifestyle brand that I am PASSIONATE about. I'm taking a trip to India & Middle East to visit family next month and I'm actually going to get some products so I can finally try something out. But, I'm trying to be logical about this and I need a steady stream of income that will be divided between my parents and I. I don't have time to mess around. The only thing appealing about pursuing transportation is the money and of course, that's a HUGE appeal. I know I can do both, but recently I have been feeling so stuck and want "freedom" from this family business. My parents have said we can shut it down whenever I want, but what about this money? I'm so lucky I have it, and I wanted it for years so I could re-invest it in the biz and I finally have it. But, now I don't know what I want. WTH. [link] [comments] |
| Our entrepreneur virtual coworking space setup Posted: 17 Dec 2021 08:00 PM PST A virtual coworking space for entrepreneurs is a place where indie makers from all over the world can work together on their projects while supporting each other and feeling like part of a team. I have been growing the WBE space for the past 5 months to a community that has 40 members now and here is the setup that best works for us: Slack Channel:This channel is the center of communication and the place where most of the indie makers hang out. I have tried out multiple channels but here are the ones that have the most engagement: - what-i-am-doing-today: Every day members write down their daily goals and support each other with encouraging words or relevant tips. I am quite surprised with the fact that people not only share their business-related tasks but also more personal ones... Really cool! - victories-and-frustrations: We celebrate each other victories and give support when needed. This channel is not used on a daily basis by every member but it's still very popular - introductions: This is a classic but a must for every community. I set up an automatic message that asks every new member to introduce themselves in the channel. It works as an ice breaker for the newbie and the members are very welcoming. We have a couple of other popular channels like the looking-for-advice, feedback, and today-I-learned which are used multiple times a week. Virtual Office Rooms:Using jitsi and the slack API I created two virtual rooms that are available 24/7: - Work Room: Entrepreneurs turn on the camera and work together in their individual tasks. Is like being in an office. I also implemented a shared Pomodoro timer, so normally we work for 30min, have a 5min chat, and restart - Break Room: Just a place to chill and drink a coffee or beer and chat about our projects and life in general. Once a month we also do a community event that gathers most of the members. Entrepreneurs Wiki I put it together using netlify cms and it works great! Is a place where members can document their favorite tools together with how they use them. I also use it to document all the community-only discounts that I have been able to get from SaaS founders. Pricing A member pays 4 euros per month to be part of the space. To be honest I haven't played much around the pricing but from what I gathered the members seem quite happy with it. One cool thing I noticed is that the paying members are much more active and engaged than the guests... And here is what I have learned so far and how our setup looks like. If you have a community I would love to hear about your setup and let me know if you have any questions. Cheers [link] [comments] |
| How do you measure performance of your staff? Posted: 17 Dec 2021 11:05 AM PST Rather young guy in here, started a business 3 years ago on engineering services. We managed to grow this into 40 people. As we grew i saw myself less engineering and more managing. That was an important lesson to get. As we grow i find it more difficult to measure performance of each individual when trying objectively assess them. Also i find it rather more difficult to understand what is everybody doing or have any kind of control on it. Sure we have team leaders for our teams but even so sometimes it's hard to keep a gauge on. I was wondering if any of you went through this situation and how you managed. Really appreciate your contribution! [link] [comments] |
| Posted: 18 Dec 2021 04:33 AM PST A couple of years ago (pre-COVID) I bought a somewhat dilapidated commercial property adjacent to the beach in the Midwest town where I live. It had been sitting on the market for at least a year. Location has good tourist and local traffic in the summer months, and there is a dearth of shopping/food options immediately adjacent to the beach. I was self-employed, and have been aiming to open a seasonal deli and market geared towards beachgoers. I'm now in the middle of a six-figure build out after doing numerous structural repairs to the building. It's about 50% complete. My plans were approved by the health department and everything has been moving forward slowly but surely. Here's the issue: My career is in a professional field, but as I was self-employed, I had plenty of time to pursue this as a side project. But now I've just accepted a somewhat prestigious full-time position and I will no longer be in a position where I could take a few months off to launch a new business. What should I do? I'd prefer not to sell the building as I still think I would like to run a business there someday. But it's in a pretty visible location in a relatively small community, so letting it sit vacant for a long while will not make me a popular person. Should I finish the buildout? Stop it? Try to rent out the renovated space to someone else who wants to run a deli/market? Try to find a partner? Something else? [link] [comments] |
| Posted: 18 Dec 2021 04:01 AM PST My week consists of:
[link] [comments] |
| Posted: 17 Dec 2021 09:42 PM PST it's usually the people who are closest to us (or at least those we like) that hurt us the most. Mostly because we dont expect, or at least, we hope to not get hurt by people we like. Oh, what a dumbass naive ass i was. I expect thieving liars to steal when they can and lie about it; but man, it hurts when
Ah, how convenient. Thank you for this wake up call, my beloved lying ex-contacts. Your teachings will be remembered. As promised, if you're at a bad place right now in your business here are the 2 personal lessons i learnt: #1 Focus on what needs to be done 90% of the time. Cry and mope during the 10% or at home / therapy but spend the majority of your time and energy on doing what needs to be done in your business. Take care of yourself, your team - they need you. I set my blinders on and ignored all the lies and shit to get back on track. #2 Learn something from the negative events. There is always a useful lesson or two from the negative events. Of course it hurts like mad when it happened, but eventually I realized that starting over wasnt that bad, minus these clowns (with such friends, who needs enemies right lol) i had the experience, the skillset, the knowhow, and i get to do over - it was faster than i thought to rebuild. Happier too. Best, Nigel If you enjoyed this, I made a video with more 3 more personal lessons to break through my lowest moments in business. About me: Average entrepreneur, dad and husband who is fascinated with marketing, leadership, entrepreneurship and creating a life and stuff that matters. These videos and posts are a fun project for myself where I share about what I'm thinking about or cool stuff I discover. [link] [comments] |
| Would you rather be forced into entrepreneurship or choose it yourself? Posted: 17 Dec 2021 10:33 AM PST I just finished doing a podcast with an individual who was worked at Arthur Andersen when they crashed with Enron and eventually was laid off and forced to do his own business. Now he's so grateful that he did and is very successful. I quit a great job to be an entrepreneur and it was a tough decision. A lot of times the job felt like golden handcuffs and I remember kind of wishing that I would be laid off. What would you have happen to you? [link] [comments] |
| real-estate ownership business models Posted: 18 Dec 2021 12:46 AM PST can someone tell me a good source of information for different strategies for real-estate ownership business? I'm interested in as much as possible, but here are few other sub questions on the matter: what's the business term for "renting a plot" to some other business commonly called? Also, what the usual lease times for such ventures? what are expected/preferable gains on investments over time for different models? (renting plots, buildings, selling, reselling, etc). the more charts the better :D [link] [comments] |
| Where is the best place to promote my IT business online? Posted: 17 Dec 2021 09:00 PM PST I am just starting out a side (hustle) business as an IT consultant. No portfolio built as of yet that I can flaunt on a business website. Hence, I don't have a website of my own until I gather enough projects to show off there. In the meantime, I would like to market my services. Where can I begin? Can I do it on sites like Fiverr? [link] [comments] |
| Does anyone have any ideas how to solve this problem? Posted: 17 Dec 2021 02:31 PM PST I have an idea for a new business. I want to create an affiliate network but targeting small local businesses that have a physical presence. So every time you go to Joe's Pizza, Joe's Pizza pays us an affiliate commission, and then we pass a portion of that back to the customer so they get cash back. Online affiliate networks I have the benefit of code that does all the work in the background. I'm trying to think of how you could do this in real life. I don't see integrating with every stores different POS system being a viable option. So far all I've got is potentially setting each retail customer up with their own QR code. Whenever they make a purchase from an eligible retailer they scan the QR code which directs them to a mobile site where they can upload their receipt. Then we can total them and send an invoice to the merchant. Obviously the issue with that is merchants may just ignore you, making it tough to get paid. Can anyone think of a better solution that minimizes what the merchant and the customer need to do? Or is this a case of mostly digital product that doesn't translate well to the physical world? [link] [comments] |
| Posted: 18 Dec 2021 03:36 AM PST |
| What does it mean to be part of a company that Accel, Sapphire, a16z etc leads the round for? Posted: 17 Dec 2021 11:01 PM PST What is the significance of what firm leads your series A round? I am an early employee hire, and everyone is excited about the round leader we got. This is all new to me. [link] [comments] |
| Posted: 17 Dec 2021 04:51 PM PST I currently have a business serving other business owners in the financial sector (7+ years, things are going well). But I have an intriguing idea that I want to pursue. The company Lendio will connect you with 75 lenders if you need a business loan. But their franchise fees are around $60k. Are there any lending networks out there that accept new brokers? TIA and happy hunting! [link] [comments] |
| Do you think it's bad karma to end building a business with my best friend? Posted: 17 Dec 2021 08:10 AM PST I have always wanted to start my own business but my best friend actually came to me with a good idea to create for our business. Couple months in we are working to develop the product but I realized her work ethic isn't as up to par as mine and this business isn't her priority. She is studying to be a lawyer so she has that as her priority. I confronted her about how that affected our business because she is always studying and won't be making much money in the next three years. That makes me worry I will have put more money in or not much at all because she won't be able to match it. She said she doesn't want to talk about it until we start spending more money because she thinks it is not something that needs to be brought up now. She hasn't been able to pay for the registration fee but is eating out every weekend which also bugs me out. Fast forward we were talking about budgeting yesterday and I asked her how much she has to put towards the business and she said she couldn't answer that right now because she doesn't have a job and isn't comfortable taking from her savings. She said its not important to come up with a number now since we have finished our expense sheets. I have this tiny voice in my head that says to stop working with her and do my own thing. I actually confronted her about this and told her how I felt and she was crying, really hurt and not accepting of it. So she convinced me to try again with her and we are working well together but we only meet twice a week and the money thing really concerns me. We haven't gotten far with the business but we have created our branding which has a LOT of potential. I created the name of the company and have a majority of the skills (developing the product, graphic design) and she thought of the product and has good writing skills. I want to just split the business by taking the name and I don't mind if she keeps the product even though I'm the one with the developer skills. I have other product ideas in mind BUT I would still want to take everything I learned into my company and would like to use the same branding that we worked on together because its half of my idea. My question to you all is would this be bad karma? I don't want to hurt her but it's inevitable. I also don't want her hurt/energy to affect a business that I start without her. At the end of the day I will be taking some of the ideas about branding that we made together into my new company. I'm just feeling really horrible for doing this. Should I continue trying with her or start my own company? [link] [comments] |
| Purchasing an electrical contractor Posted: 17 Dec 2021 07:24 PM PST Has anyone here purchased an electrical contractor? I am interested in buying one. The businesses I'm looking at are all currently owned by master electricians. This does not appear to be a requirement though all contractors have to have a master electrician in an owner/officer capacity. Anyone have experience with this? [link] [comments] |
| How we completed our seed funding round [Key Takeaways] Posted: 17 Dec 2021 06:03 AM PST Recently, our comparison startup was successfully funded. These are the key takeaways from the process: [I'll try to keep it short and informative].
Happy to answer any more questions on this and build upon it. All the best guys! P.s I can share more info or link to the articles published on our Seed funding. Just didn't want to look spammy. [link] [comments] |
| Posted: 17 Dec 2021 10:07 AM PST We know that young entrepreneurs or people who are just starting doesn't always have enough funds to even buy a domain name of their choice. Have you ever faced this issue in your journey? Please share your story. [link] [comments] |
| Posted: 17 Dec 2021 05:38 PM PST I'm a sole proprietor of an LLC. I typically pay 30% of my income throughout the year for estimated taxes. I recently realized I can probably not factor in a little over $12k (standard deduction) of my income when I pay the estimated taxes. Is this the case? [link] [comments] |
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