Art gallery damaged by water and smoke from building fire, still no access after a month. Insurance questions… small business |
- Art gallery damaged by water and smoke from building fire, still no access after a month. Insurance questions…
- Checking Account for Cash Deposits
- Accounting Software for non accountants
- Paying back my startup capital.
- Is anyone here running Influencer Marketing to grow their business? I built a tool to make you pro.
- How to Win Friends and Influence People (Detailed review)
- Forgive me as I've not done research on this idea as I initially decided it mustve already been accomplished by someone else. Anyway, what would it take to setup a network of US and Asian specifically Japan to create an import export business on motorbike goods to Britain?
- Confusion
- How can I help someone open up a business in the US?
| Posted: 23 Jan 2022 06:50 AM PST Active federal (2 people died) and liability investigation has shut the building down for over a month now. I've watched water pouring out of my ground-floor gallery for 4 days straight because of the sprinklers and hoses from above and behind my space. I have not been able to get into my gallery for over a month now, and the building insurance and their law firm has scheduled a "joint inspection" for mid February. I want to be prepared for dealing with my insurance adjuster: What things should I be looking for? What questions should I be asking? What information should I provide to get proper valuation for the consigned art and business property? One of my main concerns is properly evaluating the condition of the art on the walls and in storage. Even if an artwork was untouched by fire or water, it was certainly affected by smoke and the frigid temperatures we have had for the last month. Art galleries are temperature-controlled for a reason, and the adverse effects of extreme temperatures will likely show up at a later time. I heard it being referred to as "diminishing value". Anyone have experience with this? Thanks. [link] [comments] |
| Checking Account for Cash Deposits Posted: 23 Jan 2022 06:14 AM PST Hello folks of Reddit, I'm looking for a business checking account best for a business (LLC) dealing with a lot of cash deposits (rarely if ever withdrawals and not that many transactions, say around 50/mo). Best is having a wide national deposit ATM network in major cities throughout the US. Reasonable / low / waivable fees. The best I've seen is Truist (SunTrust/BBT) Dynamic Business Checking. Up to $25000/mo in cash deposits. $20 monthly maintenance fee, waived for balances over $5000. Plenty of locations in my primary area. But lacking in ATMs in some other areas I frequent (West US). They seem like my best bet at this point, but I figured I'd reach out here before I finalize my decision. Thank you for your time. [link] [comments] |
| Accounting Software for non accountants Posted: 23 Jan 2022 05:57 AM PST What is the best accounting software for small business owner with no bookkeeping skills. [link] [comments] |
| Paying back my startup capital. Posted: 23 Jan 2022 07:26 AM PST I own a small home based side business selling a mix of premade and customized stuff though my ecommerce sites and a few marketplaces. When I first started my LLC, I had to specify my initial capital so I self funded the LLC with $2500. I made subsequent loans to the LLC over the next 2 years. In total I lent the LLC $20k. Funds were used to buy inventory and equipment. About $5k of that was accidental purchases from forgetting to change payment methods on Amazon (I now use Amazon business for biz purchases to avoid this). For accounting, I have maintained a account called "Owed to Associates." I now have all the equipment I need for the foreseeable future as I do not intent to live off this business as I still keep a regular (well paying) full time job and cannot utilize any increased capacity. I have fully stocked inventory ($40k) for the next 6 months and the company can completely fund operations going forward. I now have $25k in the corporate account. I would like to avoid taking distributions due to tax consequences. My long term plan is to "retire" in 4 years after kids finish college. I have 2 questions.
[link] [comments] |
| Is anyone here running Influencer Marketing to grow their business? I built a tool to make you pro. Posted: 23 Jan 2022 04:54 AM PST With customer trust moving towards independent influencers, it's apparent that more businesses are shifting towards Influencer marketing. If you are running an influencer program, you must've experienced all the problems that come with running one. Finding them, their emails, following up with something personal, commenting on their posts to get attention, contracts, and performance tracking. It's all a bit too much once you scale beyond 10-20 influencers. I managed successful influencer programs and noticed many things broken. There are ton of tools that help you find influencers, and some that help you generate links and track performance. There's nothing in the middle that helps you reach out, follow up, onboard, and actually build a relationship though. I decided to fix this. I'm building Saral, a tool that'll help you operate like a pro and onboard more influencers to promote your brands. Check it out! I'm only looking for brutally honest feedback and advice in the comments. Would something like this be useful in your day to day workflow? [link] [comments] |
| How to Win Friends and Influence People (Detailed review) Posted: 23 Jan 2022 02:51 AM PST This is an animated review of the book How to Win Friends and Influence People by Dale Carnegie. First published in 1936, this book remains the most current and best-selling book to educate you in the world of power, business, and entrepreneurship. The main sections of the book are: Fundamental Techniques in Handling People How to make people like you Win People to Your Way of Thinking Be a Leader: How to Change People Without Giving Offense or Arousing Resentment Seven Rules for Making Your Home Life Happy Of all the books I have read, this is the one that has helped me the most to advance in very important pillars of life, such as love, career, friendships and business. [link] [comments] |
| Posted: 23 Jan 2022 01:59 AM PST I did experience abroad at uni last year in Texas so it won't be hard to use my contacts there. My uncle is a biker and fully asked me to go out of my way in Texas at the time to ship him a bike engine part but it wasn't worth my time for just £100 cash considering logistics. That got me thinking what if there was a business that sources these parts, absorbs the shipping and the client or business pays through a tier system? I've grown up around my uncle so I'm savvy about bikes and watched top gear growing up. Thought there was a gap in the market like in Britain [link] [comments] |
| Posted: 23 Jan 2022 06:44 AM PST I am Asian and I just turned 18 and have voluntarily chosen to not come to the US for college and instead go to Singapore. First obviously due to the underlying political unrest that's only growing and second because of how hard it is to find a job after university. This post is specifically towards the person making a post(literal personal attack, not sure why it's not taken down) towards the owner talking about his experience with his employee leaving on vacation without his permission. This post was titled, "If you can't pay a living wage, don't have a business." And then proceeds to completely destroy all small business owners. My issue is why is it a bad thing that small businesses pay low wages or have to pay a living wage? They are a small business for a reason no? Usually speaking, if you are working as a forklift, I don't think you deserve a living wage; this is specifically if you are even in a position to be a forklift it means you probably should be taking multiple jobs (you probably aren't educated to get higher-paying jobs). By this I mean the lesser education you have OBVIOUSLY you will be probably paid less? And maybe it isn't your fault you are in that position but that's genuinely life? I see that the post is now taken down but I genuinely don't understand this mass worker strike that's currently going on. You aren't supposed to be making a living wage working at Walmart right? You cannot be rewarded a good wage while doing jobs teenagers like myself could probably do for some change? The business owner, ESPECIALLY SMALL OWNERS, do people even understand the amount of risk they take upon themselves to even open a business? The debt they will have to pay the bank for even buying forklifting equipment? Why are they under any obligation to pay anything higher than the minimum wage required by the law? Why is it that every time I learn something happening in America, it's ALWAYS genuinely ALWAYS political and neither side seems to be able to communicate? I got banned for commenting in the r/workerstrikeback because I said that "sending online hate to business owners will probably lead to reinforcing their own ideology." But am I wrong? Americans seemingly live in such ignorance of EVERYTHING AND EVERYONE its actually shocking to see as an Asian. Edit: The intention of this post is to actually get some feedback, not to incite problems. I am actually curious. My plan is to get my com sci bachelors in SG the come to the US to finish my masters so I am trying to learn about the state of the US as much as possible. [link] [comments] |
| How can I help someone open up a business in the US? Posted: 22 Jan 2022 05:44 PM PST As a green card holder, I would like to help my relative to open up a store in Texas to sell vintage products. He has customers here in the US and actively ships his products. Would it be easier if I open up the company and hire him as an employee or him applying on his own is a better option? Thank you for your insights. [link] [comments] |
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