Have you ever doubted a feasibility study? small business |
- Have you ever doubted a feasibility study?
- How are you handling COVID positive employees?
- Polaris Slingshot Rental Business
- Looking for advice on how to sell a bunch of NASA themed snowboarding jackets
- How do you increase foot traffic to your retail store?
- Tracking break times of an employee
- Do you know any quick way of building a Landing Page?
- 2015 FIAT 500 sport
- Well, it looks like I am going to have to hire an employee...
- Filing Taxes as a sole proprietorship in California, do I need to file for a DBA?
- New small business
- Help me understand angel investors, people investing money in your business for things other than equity, and share stories on how you handled funding — or did you build your business on reinvesting earned money into your business alone?
- Buying a shop in Wales
- How do I transfer from ADP an employee's IRA Deductions to their SIMPLE in Vanguard?
- Virtual Assistants/Admin Outsourcing - how much do you pay and for what?
- I own 2 locations for my business under the same EIN. Can I create 2 separate payroll accounts using the same EIN?
- Location LA. Lease expiring in April. Growing e commerce business looking to expand. Lease larger warehouse space with current landlord vs Cubework?
- Best marketing strategy for my niche
- At what income level would it make more sense to incorporate as an LLC or S-Corp as an independent contractor in California?
- Any bands/musicians/songwriters here?
| Have you ever doubted a feasibility study? Posted: 08 Jan 2022 08:34 PM PST Long story short, myself and a business partner own a prime piece of ground in the downtown area of the city where I live. We are looking at building a large climate controlled self storage building and had a feasibility study done to look at need and profitability. The study found that roughly 1 in 10 people in the area have a need for storage space. However, this number seems high to me, really high actually. On one hand the number makes sense. There is a very large number of loft and studio apartments in the area along with smaller homes so there is at least some need but I figured I would see numbers closer to .3/.4 in 10. In all honesty, assuming any of these numbers ring true and given the population in the area we would hit our needed occupancy (north of 85%) with no problem. I'm just hesitant going into it when I've got doubts about the results of the feasibility study. I'm just curious if anyone here has ever doubted the results of a feasibility study and what decision you ended up making? [link] [comments] |
| How are you handling COVID positive employees? Posted: 08 Jan 2022 11:38 AM PST Are you providing paid leave for employees that are Covid positive? [link] [comments] |
| Polaris Slingshot Rental Business Posted: 08 Jan 2022 09:05 PM PST Does anyone think its a good idea? I have 25k need a part time job with flexible schedule. I live in a rich beach town outside of Wilmington, NC so I think it could work. Is this a terrible idea? [link] [comments] |
| Looking for advice on how to sell a bunch of NASA themed snowboarding jackets Posted: 08 Jan 2022 07:45 PM PST |
| How do you increase foot traffic to your retail store? Posted: 08 Jan 2022 02:03 PM PST I've been experimenting with google ads over the last 2 months to try to pull more and more customers into my business. I was wondering how others are increasing foot traffic into their retail stores using ads or any other forms of marketing. [link] [comments] |
| Tracking break times of an employee Posted: 08 Jan 2022 11:23 PM PST My father owns a small business with 4 employees, out of those 2 are family members and one is with him for 20+ years. I was asked to look into ways to track their break times in a way that doesn't trust the employee not to abuse the system, but also doesn't require constant management attention, if that makes sense. If you've got an idea or advice please share it, looking forward to hearing from you. Editing for info: 9-5 monthly salaried job, it's in the back room of a curtains/fabric shop- i.e lots of lifting, organizing and counting inventory, cutting whenever there's an order, etc. Productivity is a side issue, it's mostly about availability 2nd edit: Worth noting that customers and deliverymen often walk in, so work is also needed on the spot and not 'by the end of the day' or whenever he finds his way back to work. [link] [comments] |
| Do you know any quick way of building a Landing Page? Posted: 08 Jan 2022 04:18 PM PST Hi! I was suggested to build a good looking landing page in order to find whether the market exists or not. I would like to find whether there are customer and they are interested in my service, However, I don't want to take much time to build the landing page. What is your way of building the landing pag.Or you may not use such way to find your customer? [link] [comments] |
| Posted: 09 Jan 2022 03:38 AM PST I'm raising $2,000.00 until 02/08/2022 for Need help fixing my first car, 2015 Fiat 500 Sport. Can you help? https://paypal.com/pools/c/8GeTJi1Sjk [link] [comments] |
| Well, it looks like I am going to have to hire an employee... Posted: 08 Jan 2022 11:37 PM PST I started my first business in September of 2021, its a sole proprietor LLC and I am a Helical Pile contractor. I was doing fine with my 18-year-old son helping me install the first few jobs we did. His time is limited (he is in his senior year of high school) and I have over 100k+ in jobs sold right now with more rolling in all the time it seems. I am at this crossroads of needing a body to help me do this but not having enough work to keep someone going 40 hours a week. I really just need someone who will show up and move things when I ask and hand me stuff from time to time. It's not technical or that hard of work. I have looked into a staffing service but I know the labor shortage is going to make that hard to fill and they want 30$/hr for a basic laborer. I have 4 jobs sold that will take me 7-9 days to install each but I can't just install them back to back because I still have to sell to keep things going. I thought my first employee would be a salesman/installer who I could train to sell and help with installs but I don't have enough leads for 2 people to run and I can't afford the pain of a new salesperson and the ramp-up time they need to get to a reasonable level of success. the caliber of person is not easy to find and I can't do that part-time or I will just lose them. I know it's a good problem to have but holy crap I have to come up with a solution in the next 2-3 weeks! [link] [comments] |
| Filing Taxes as a sole proprietorship in California, do I need to file for a DBA? Posted: 08 Jan 2022 10:43 PM PST Hi Everyone, hope yall having a great 2022 so far. It's tax season and I am about to do my taxes for last year but this time as a sole proprietorship for some crypto mining I did in 2021 (mainly at my home in the garage). Anyways, I've been researching around and it seems in California one must have a DBA for sole proprietorship unless using my last name in the business name. I don't plan to advertise my business anywhere since it's just my little gig in the garage that I want to file as a sole proprietorship for the deductions and other benefits. So is it safe to say that if I just use my full name (John Smith) in the tax forms when it asks for the business name I should be okay without filing for a DBA? I might just go to a professional to do this the first year just to make sure everything is correct but any information that you guys can provide will be much appreciated. Cheers. [link] [comments] |
| Posted: 09 Jan 2022 12:39 AM PST Im starting an online clothing company, its got a solid foundation and i have a lot of faith in it, but this is a first time venture for me and being only 20 years old i have no real idea on how to run a business, ive looked up all the different YouTube videos and read whatever articles i could find. Got lots of great information, but here i am because you can never have too much information on something like this im assuming. So whats the best advice i could possibly hear at the moment? [link] [comments] |
| Posted: 09 Jan 2022 12:34 AM PST Hello, friends. Pretty much the title with a "thank you in advance!" At the end. I'm researching and trying to understand. I own a small business that grossed 7k in 2020, 90k in 2021, and I'm working on making decisions to grow the business. I'm working on hiring, and working on building more strategic planning, and am trying to learn more about the financial side of it. May my accountant be a good resource here for guidance? Are there people who specialize in this aspect of the business, or even just experts with online followings I could dive into? Did you get funding after a few years of doing it all yourself, meaning reinvesting money earned or your own money, and did it make a massive difference? No, just the opposite? I'm really looking to hear your story. Thank you so much, guys. Love this sub and hoping I worded this post correctly. Edit to add: I've not yet taken any funding. All has been from my own pocket and/or reinvesting in the business. I just had a conversation with someone who was talking to me about interest in investing and said that "not all investments need to be for equity; it's the last thing you should give up." And he told me to research more into this when I told him I'm not on the up and up for how to handle investments with repayments outside of loan-style funding. He's an experienced business man in my life and I appreciate what he's trying to do, and I'm trying to learn more about it here. Just so you guys have some background on why I'm asking! [link] [comments] |
| Posted: 08 Jan 2022 11:43 AM PST Hello, I've found a shop for sale in Wales. It's a small village shop, on a main road and close to a campsite which has 100,000 visitors a year and is fully booked during the summer season. My partner and I have both managed Hospitality and Retail operations so we are used to long hours and hard work, we figured we may as well just do that for ourselves. We would be looking to sell hot drinks/food out the hatch as another revenue stream. It's £142,000 for a licensed freehold. It's a broad question, but what options do I have to raise that money? Could I get a loan from the bank, would I need a deposit? FYI - I have an excellent credit rating, but no assets. My partner has a mortgage on a house of around £190,000 but isn't wanting to risk losing that. What's our best move? TIA [link] [comments] |
| How do I transfer from ADP an employee's IRA Deductions to their SIMPLE in Vanguard? Posted: 08 Jan 2022 03:28 PM PST We use ADP Run (< 5 people company) and I just established our first ever Vanguard SIMPLE plan. I'm the plan administrator. From the Vanguard Small Biz portal, I see a series of steps where Vanguard asks for a dollar amount from our business's bank account to fund the plan. On the ADP side, for each employee, they ask for a "Payment method for this deduction" (None, Check or Direct deposit). What does this mean? I don't understand how to get the SIMPLE payroll deductions transferred to each employee's Vanguard account. Right now, my thinking is that only the plan administrator (me) can fund their accounts or does ADP direct deposit it into each employee's Vanguard SIMPLE? The Vanguard Small Biz website is a Windows 95 dinosaur and I don't see anything on their end (or ADP's) that explains how this handshake works. [link] [comments] |
| Virtual Assistants/Admin Outsourcing - how much do you pay and for what? Posted: 08 Jan 2022 03:06 PM PST Hello all, I am curious for anyone who has hired Virtual Assistants/Administrative Consultants who help them in their business. Thinking of getting into this since I have a lot of experience. I'd ideally like to hear from anyone who pays $20 or more on the following:
[link] [comments] |
| Posted: 08 Jan 2022 10:16 PM PST I'm currently using Square Payroll and created a new payroll account for my 2nd location and it's giving me an error message saying that there's already a payroll account under the EIN. help!! [link] [comments] |
| Posted: 08 Jan 2022 06:26 PM PST We desperately need more space. And our current location (< 5,0000 sqft) is very congested in terms of neighbors and access for large trucks is a hassle. We receive 40' container shipment and it's an orchestrated effort to make sure the truck can make the turns to get to our unit (ie blocking off corner parking spots so we can move it to allow the truck to turn), knocking on neighbors' doors asking them to move their car). Pros of staying with current landlord: -can renew our lease and move into a larger unit. Seamless transition. Lease is locked in for 2 years -would be moving within same complex, making the physical move easier Cons of staying with current landlord: -complex is not designed to allow large truck deliveries I don't have any experience with Cubework or similar co-sharing warehouse. On paper, it looks like a great alternative 1) expand whenever we need more space 2)easy access for truck deliveries with docks. We are forecasting to grow the business and wanted to get some feedback from this sub. [link] [comments] |
| Best marketing strategy for my niche Posted: 08 Jan 2022 06:13 PM PST I sell anime themed items such as home decors and accessories. I was thinking is it worth advertising through social media or would shopify be enough for my market. [link] [comments] |
| Posted: 08 Jan 2022 09:34 PM PST I'm a bit confused and in researching I'm seeing contradictory info. If I'm bringing in over 200k is there any financial benefit to being incorporated? Pay myself dividends to lower my tax burden? Are there other financial benefits? Or anything else. I know that setting up an LLC will give me some personal property/liability protection, but that's not a real concern for me in my current situation. [link] [comments] |
| Any bands/musicians/songwriters here? Posted: 08 Jan 2022 01:01 PM PST All of the above here. I apologize if this isn't the right kind of post for this sub, I'm genuinely trying to operate a small business though. I anticipate that the project is about to start making decent money. I'd love any advice on how to handle financial affairs, both for the entity and with regard to the team. I want to make everyone's investment worthwhile, while protecting my IP as band members do come & go. Is there any precedent or example of "even split after expenses while you're in the band"? If that's a dumb idea, what would you suggest? How about adding team members, like sound & lights? I'm also open to the possibility of sharing some copyright, as some have stuck by me for a good while. You could totally make a case that they deserve it. I have a bank account and DBA for my rock band. I suppose it's technically a sole proprietorship? What next? I'm trying to eventually approach the band as a division of a larger entity (ala Google -> Alphabet, albeit on an epically smaller scale), along with some philanthropies and other music business endeavors (publishing, songwriting, indie label, etc.). I think handling this entity is the best way to get started. Thank you for reading :D Love & Respect. [link] [comments] |
| You are subscribed to email updates from smallbusiness: Questions about starting, owning and growing a small business. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment