• Breaking News

    Saturday, January 8, 2022

    Home Unlabelled I have read 6731 business books in the last 6 months. Here's what i learned: Entrepreneur

    I have read 6731 business books in the last 6 months. Here's what i learned: Entrepreneur

    January 08, 2022

    I have read 6731 business books in the last 6 months. Here's what i learned: Entrepreneur

    I have read 6731 business books in the last 6 months. Here's what i learned:

    Posted: 07 Jan 2022 04:17 PM PST

    Thank you for reading buy my course.

    submitted by /u/LalaBrasil
    [link] [comments]

    We started a business, did $300k in two months, and then got hit by the supply chain crisis. We're finally receiving inventory in January - here's what we learned

    Posted: 07 Jan 2022 11:00 AM PST

    Mark and I left our 9-5s in February. We packed up our stuff the month before, sold most and put some in storage, and got a 3-month Airbnb in a small town in Quebec, Canada. (Neither of us speaks French.) Less than a year later we've invented and patented a new product, sold over $350,000 on Kickstarter, and gone through supply chain hell.

    We didn't know what was coming.

    We placed our first production order just as the supply chains were getting bad. Our lead times went from 6 weeks to 12, and that didn't include time at sea or rail to get to Canada. We'd put so much effort into picking the right carriers and ordering everything ahead of time. We chose to be as transparent as possible and made sure to include tons of detail to keep everyone informed — not just the current situation but also how we got here, what we expect could happen that might extend delays.

    We included external news sources, put together a visual timeline, and in our most recent update shared screenshots of reports from others involved in getting our product here (like our freight forwarder and vessel tracking).

    Here's what we did to mitigate the delays:

    • We split our production run into multiple shipments.
      We had about 3500 Sleepout Curtains in total to send out from the campaigns (wow). We knew these 3500 units wouldn't all be ready at once, so we shipped about half the order as soon as it was ready, with the rest coming about a week later.

    • We changed our arrival port.
      North American ports are congested. After exploring all our options we have decided to send our vessel to Prince Rupert BC, a smaller Canadian port that was (at the time) not experiencing the same level of congestion as the others. Vancouver, LA, and Long Beach are all major ports overwhelmed and experiencing serious delays — as of writing, $24 billion in goods (approx. 200,000 containers) is floating outside California ports without the ability to unload. We hoped to avoid at least some of the traffic by shipping to a smaller port.

    • We imported test shipments to get ahead of customs.
      Canada customs flags business imports for customs inspections at random, but for new businesses, the likelihood of this is much higher. At the advice of our customs broker, we imported several smaller test shipments from the US under our business number in hopes that those would be pulled for a customs inspection rather than our large shipments coming from overseas.

    • We developed multiple plans for fulfillment.
      We worked with our warehouse and our team to put a few plans in place to get the product out quickly, depending on different scenarios during shipping and when it arrived.

    Our inventory is arriving this month.

    Half our shipment is on a truck to our warehouse, the other half is getting destuffed at our freight forwarder's warehouse before doing the same. Needless to say, we are PSYCHED to get our hands on our customers' products and pack every single one of their orders ourselves. We have never been so excited about physical labor in our lives. We are going to tear through these boxes like kids in a candy store. Is this normal?

    We will head to the warehouse on January 16 to begin the madness, write handwritten notes, and ship out our first orders. We're going to be building up to a January 19 "in stock" event on our website to celebrate and sell out the rest of our first container order.

    To all the others affected by the hellish uncertainty and conditions of the global supply chain or the pandemic in general, hang in there. Keep working and know that the right strategies will eventually pay off — even if it doesn't feel like it right now.

    submitted by /u/hannahfromsleepout
    [link] [comments]

    The long way around. My journey in becoming a tech entrepreneur.

    Posted: 07 Jan 2022 08:59 PM PST

    Hi everyone,

    I'm about to snuggle into some dev work for the evening and I thought that I'd create a post for you folks in hopes that it reaches at least one person.

    Once upon a time,

    I was a dreamer. Being young and entering the corporate world in the late 2000s, I'd dream about how I could put technology to work for me and benefit society. I'd dream of all the cool systems I could automate, websites I could build, and people I could help. Then I thought of the money. I dreamt of how society would universally embrace my work and how I'd be able to support friends and family with inevitable riches that I'd collect. There was one snag in the plan. I didn't know how to code. I took a programming course in university on C++ that one might argue I could be expand on, but it wasn't helpful. C++ sucks ass (personal opinion) and, as a newb, thinking about how to implement cool features in some grand platform having only written 200 line applications in C++ was just too much of a stretch. I didn't know how to connect the dots between ideas and product.

    So I continued. For 9 years. Hoping and dreaming. Listening to tech podcasts and making notes of my ideas with no feasible way to build or fund them. Then life happened. It didn't just kick my ass. It sacked me, spit in my face, and then giggled. I had nothing left to lose, so I might as well try.

    I learned how to write software that actually had a use. My reasons for starting were very much my own, but over time, I realized the benefits of software development. There are benefits to and characteristics of the learning process that I'd like to share with you.

    Hope.

    Every person needs hope and giving a person the ability to develop something that could one day turn into something much bigger than them is extremely powerful. This hope drives motivation and the motivation builds lines of code. This allows the software to develop and become alive, which in turn builds more hope. It vicious cycle of positivity.

    Control.

    There is a lot in life that we don't have control over. And some of those things can cause negative feelings. When you site down at a computer and start writing code, you're in complete control in the truest sense of the word. Your application will literally do exactly what you tell it to do. This level of control also inspires positivity.

    Help.

    The idea of learning to program is a big idea. And for most, a scary one. The mere idea of 'learning how to program' seems impossible to me when taken as a whole. There is so much to learn. But, there is good news. There are literally 1000s of content creators on youtube and on the internet who have taken complex ideas, broken them down into digestible concepts, and present these to you in high quality tutorials. Follow these tutorials and you too can learn to develop software. Project-based courses are popular as well. Your hand will be held as you develop a fully functioning application. What happens when you start to customize things and run into a software bug that you've never seen before? Where do you possibly start with solving this when you're so inexperienced with code? Oh, well, there is a little thing called stackoverflow with a community of millions of developers who WANT to help you. You post your question and sometimes, within seconds or minutes, you'll get an answer.

    In summary, there is a million+ person army in this world who is willing to help you learn and support you through the process, and even answer your questions on why A doesn't equal B within your specific application.

    Time to Productivity.

    Now, maybe you're in the camp of those who believe that you *could* learn how to develop software, but you don't have the time. There is a 99% chance that you're overestimating how much time it takes to learn how to write code and develop something worth being proud of. Why is this? Well, as you may have guessed, there are a ton of components to a piece of software and these all take time to develop and test. BUT, a bunch of smart people over the years realized that a lot of applications have the same requirements. For example, authentication. If every application needs an authentication system (i.e. ability to log in, out, register, etc), why is every team wasting time building their own bespoke solution. Enter the world of 'frameworks'. A framework is basically a giant code base that does all the heavy lifting on standard requirements (eg. Authentication) so that you can build stuff that is unique and satisfies the specific needs of your users. It's a house and all you have to do is buy the furniture and decorate. In the grand scheme, this means rapid development since the heavy lifting has been done for you. And these frameworks are free (or at least when it comes to ones used for web and app development).

    Also, for those of you who have 0 background in software development, you should know about packages. Let's say that I want to add a calendar to my application. I'd have to build this, right? Nope. There are millions of software developers who have created open source and free to use software packages that you can plug into your code base. With a few lines of code, I can add a calendar into my application that looks professional and works perfect. There may be a bit of work that you have to do to integrate it with my database, but as you'll learn, this can often be trivial.

    If you put 20 hours in a week, you can be building systems that people could actually use in weeks or a couple months. And you can be building your project while learning (this is my recommended approach). Some have called bullshit on my estimate of how long it actually takes to become a full stack web developer. To become an expert can take years. To become one, from a practical sense, can take weeks or months as I've mentioned. This is the ability to write front end code (i.e. the portion of websites that users see) as well as backend logic (i.e. how tax is calculated and saved to the database on the item that the user purchased).

    Personal Growth.

    Learning to write software will have you look at everything different. For most developers, building software is more about defining rules around EXTREMELY simple problems rather than spending time conceptualizing complex problems. Being able to break down problems into their simplest components so that you can codify how your application should handle those situations is a skill that translates easily into every day life. It will make you more analytical and will help you avoid pitfalls in other work that you do.

    Complexity.

    A lot of people think that software development == complex math. Like a lot of things in life, this can be true, but it's always. Based on what I know, it is my belief that this is generally not true. My own application would would be considered to be a somewhat complex application given its breadth and depth. It's taken years to build and it's code base is extensive. The most complex math that I've used is division.

    Money.

    Last, but not least, the monetary aspect. Learning to write software allows you to build what you want, partner with a team that already has a vision, or advance your personal skills so that you become more employable. This is the last of these aspects that you will realize and depending on your situation, the least important. When you start a business, you should start one that you know you won't hate in months time. This is even more true in software development. Never start a project just because you think there is money in it. You need to clearly see the benefit and have an interest in what you're building and who you're building it for. Without this, the passion dies and so too will your motivation and productivity. Programming is exciting, fun, and rewarding if you pick the right project (even if fails to make money or was never built to make money).

    With the help that I've received and the lessons that I've learned, I've built some software that I know will help a lot of people and I'm excited to launch it in the next while. And I know that you can do it too if you want to. If you don't agree with me, I can assure you that you're wrong because I've already walked the path. And if you're wanting to attribute my progress to intelligence, I can assure you that I am of extremely average intelligence.

    Now, with this information, I'm not suggesting that you learn how to build simple websites and try to sell them. Learning how to do this literally takes days of effort and it shows in the supply of people and agencies doing them. What I'm saying is that you can learn how to build complex web applications that do awesome things using information that is freely available.

    TL DR:

    It's 2022 and world has made learning how to write software easy. If you've ever wanted to do it, but doubted yourself or worried about the time commitment, I can assure you that your concerns are unfounded.

    If you have questions, feel free to let me know. Hoping that some other devs can chime in with their experiences in learning to code as well.

    Edit: If this post reaches 20 upvotes, I'll toss out a starting point in the form of a tutorial series on youtube that I recommend you start with. I'm not the creator nor affiliated with him (and with 1+ million plus subs, he definitely doesn't need my help. lol).

    Edit2: The title of this post is terrible considering the subject matter covered. Sorry.

    submitted by /u/ExemptedRat
    [link] [comments]

    What app did you actually pay for?

    Posted: 07 Jan 2022 04:20 PM PST

    I'm curious, what app did you find so useful that you paid for it, and not just used the free version? For me it was Blinkist (for book summaries) for one year until I got tired of it. And Freelytics fitness app for one year until I moved to the free Nike Training app.

    submitted by /u/FineAd3926
    [link] [comments]

    As an app developer/app development agency owner, how do you get clients?

    Posted: 07 Jan 2022 04:44 PM PST

    I get my clients from Upwork and I've gotten a pretty good reputation there, but lately, I haven't found anything interesting and want to take some new small projects.

    I appreciate any advice you can give me.

    submitted by /u/alhealhe
    [link] [comments]

    Part-time entrepreneurs(those with a day job), do you mostly work on weekends or you use every spare hour available?

    Posted: 08 Jan 2022 01:32 AM PST

    As someone who is trying to build a business on the side, I'm struggling to find enough time to work on my business . I still need my day job but I also have a lot to do. I tried delegating, but the quality of work is not up to standard. I end up doing most of the work.

    Please advise how to succeed on both the business and job.

    submitted by /u/Creative-Guarantee30
    [link] [comments]

    What's your biggest takeaway from reading The E-myth?

    Posted: 08 Jan 2022 04:36 AM PST

    The books is often recommend yet it was written quite some time ago and seems to be relevant for those who want to branch out into franchising so I just wonder what others got out from it that's relevant to current entrepreneurial journey.

    Thanks for sharing

    submitted by /u/Nikolafy
    [link] [comments]

    I'm starting my entrepreneurial journey with an EdTech company. Will be posting regular updates here. I've written my story so far as well as my immediate plans. Wish me luck!

    Posted: 08 Jan 2022 04:34 AM PST

    Hi!

    I'm an engineer and I see many peers my age struggling to get jobs after they graduate. Last year, I put myself through some gruelling, hellish studies and attended a number of job interviews. These fortunately paid off and now I have a bunch of well paying job offers at hand. I'm still a student and I have 6 months till I graduate.

    I figured the effort I've put into studying sure as heck shouldn't be wasted now that I've got job offers. With this in mind, I'll be starting an EdTech business to teach others how to prepare themselves to get a job in the tech industry after they graduate. I'll start off with providing live classes on typical CS subjects as well as interview tips. I have my teaching materials prepared where I have condensed subjects into approximately 2 hour long presentations per subject, which I believe would give them a very firm standing as freshers. This also helps those who aren't from a technical background but are looking for such a job. My classes will be 3 days per batch, maybe 4.

    Here's my short-term action plan-

    I'll start conducting FREE live classes for anyone interested. I'll create a google form to take in registrations, that I'll initially share with my college mates and ask them to share in their circles.

    Once I get my first batch of registrations, I'll conduct my classes (I've already had a trial run with ~20 students so I've got an idea of how to conduct them).

    At the end of every live class, I'll put in a shameless plug- request the students to forward a certain message in their group-chats, that has the same registration form they used. I'll also encourage forwarding the messages to people from other colleges that they're in touch with. I know not everyone will do this, but some will, and that should probably be enough to sustain growing numbers. (Is there a better way to do this? Advice please!) These classes will be free too.

    I continue grinding out these classes till I've taught a considerable number of students (I'm thinking 1000. Too ambitious? Should I aim higher?) With this, I should have a pretty decent network of contacts. At this point, I'll try turning it into a money making business.

    The company will be registered. I'll hire other teachers, a tech team, and marketing employees.

    I'll build a mailing list to contact these people, and offer all my ex-students the opportunity to be a marketing affiliate- for every student you bring in, you get a fixed amount of money. I should also have a proper website and fix a proper payments/accounts system by now.

    I could also directly reach out to universities, show them what I've got, show them some numbers and enter partnerships to teach their students and deliver some analytics.

    ​

    I guess I'll stop at this point for this post!

    I spent much of my time as a student as a wantrepreneur looking for a golden egg but never actually putting things into action, and now I'm 6 months away from graduation lol, but I might as well start now.

    If you have done any kind of viral marketing please let me know! I could learn a lot from your knowledge.

    Also, any kind of pointers and advice are much appreciated.

    I'll keep you guys posted as and when I reach some of my milestones (or when I have something to talk about)

    Thanks for reading this far!

    Peace.

    submitted by /u/upaupmaupa
    [link] [comments]

    How many days have you been working without a day off?

    Posted: 08 Jan 2022 04:24 AM PST

    As an entrepreneur it can be challenging to switch off from work.
    How many days have you been working in a row?

    View Poll

    submitted by /u/FrankOppedijk
    [link] [comments]

    Accountability partnerrrrr

    Posted: 07 Jan 2022 08:41 PM PST

    I really wanna find someone preferably another girl in the baking / food field to add on WhatsApp, help keep each other motivated, share our progress / plans, zoom often and do friendly competitions e.g. most time spent/ milestones reached quickest !! If there's more that one person, idm making a group

    submitted by /u/Certain_Spinach_8237
    [link] [comments]

    I've recently started a free newsletter to send pills of culture about Art, History, Science, etc on a weekly basis. I have 600+ subscribers, but no idea how to grow it

    Posted: 08 Jan 2022 03:30 AM PST

    Hello mates,

    I have recently started a free newsletter called WikiBites to send pills of culture (i.e. short and concise summaries and/or descriptions) in your inbox on a weekly basis.

    The topic changes every week and it's always related to Art, History, Science & more.
    You can find the latest issue as an example here: https://wikibites.substack.com/p/wikibites-4

    I currently have 648 subscribers, 99% derived from registered users of the companion mobile app, but I have no idea how to grow this number.

    I'm no marketing expert whatsoever and honestly I'm not really willing to invest much money (if any) in ads or similar, since the newsletter is completely free and I do it only because I'm genuinely interested in the topics.

    What do you recommend I do?

    submitted by /u/r4id4
    [link] [comments]

    what’s your business or side hustle?

    Posted: 07 Jan 2022 06:58 AM PST

    Comment down below!

    submitted by /u/kiace_
    [link] [comments]

    Sketch to Vector Logo Design

    Posted: 08 Jan 2022 01:47 AM PST

    Have some free time today. Can convert your sketch/concept of your logo design idea into vector logo...hit me up

    submitted by /u/hasanabijoy
    [link] [comments]

    Does anyone own a food franchise business?

    Posted: 07 Jan 2022 09:38 PM PST

    What is the franchise you own? How many hours a week do you put into it and is it worth it for the money you are making?

    submitted by /u/Hnicolet
    [link] [comments]

    How do I stick with a business?

    Posted: 07 Jan 2022 09:35 PM PST

    Over the past 3 years I tried out many business ideas. I have been stuck in a loop that goes like this:

    1. Usually I would come up with a novel idea
    2. Then work on it for a couple days or weeks.
    3. Then slowly come to realize that there is something fundamentally wrong with the idea.
    4. And rather than fixing it I come up with an entirely new idea that takes into account the lesson I learned.

    I'm also looking for mental stimulation which is another reason I love jumping around from one idea to a completely different one.

    However as long as I jump around, I will never build any business to a point where it can be successful.

    A few days ago I launched a project and people really liked it. It perfectly fits my background, skills and network. The timing is great. The market is huge. Basically everything is perfect (aside from monetization, I still need to figure that out!)

    Now I need to figure out how to stick to the project. That requires me to settle on this particular business. Which does not come naturally to me. I guess I need to develop a personal relationship with the business? And make it part of my identity?

    Does anyone here have any advice on how to stick to a business? Any book, video etc recommendations are highly appreciated too!

    submitted by /u/i_dont_feel_creative
    [link] [comments]

    Do you guys think it's realistic to create and sell an online course using "whiteboard" videos, instead of recording myself talking to a camera? (assuming whiteboard videos are actually good)

    Posted: 08 Jan 2022 12:48 AM PST

    Hey guys! I really want to make an online course.

    Unfortunately, I'm not handsome or charismatic, I don't think my face will do well on camera.

    But I'm pretty good at art, I think I can create really beautiful videos in "whiteboard" style (like minutephysics or Verbal to Visual youtube channels, except prettier).

    But there are a couple of issues:

    • There's a limit to how long my videos can be, they can't be 1-hour lectures, realistically, I can make up to 10 minutes per video (but maybe it's good that information is compressed and I won't be wasting people's time?")
    • Even though the whiteboard videos can look good, Im worried they'll be perceived more as an entertainment, not sure if people will pay for those.

    What are your thoughts?

    submitted by /u/MikeLumos
    [link] [comments]

    Confirmation email from Appointlet

    Posted: 08 Jan 2022 12:28 AM PST

    I have a meeting with an interviewer next week. They sent me an Appointlet link for choosing a slot. After selecting a slot, I had to type my name and email ID and landed on a page that said appointment confirmed and I will receive an email confirmation. But I haven't received any such email yet. Is it possible I will get an email only after my interviewer confirms the slot, or have I made some typo in my email? Anyone having experience with Appointlet, please confirm this. Thanks in advance.

    submitted by /u/alChemist_07
    [link] [comments]

    Failed website design business

    Posted: 07 Jan 2022 07:34 PM PST

    This sub is filled with posts saying "I started a website design/hosting service and make $X00 per month". Has anyone tried and failed to create one? What troubles did you come across? Why did you consider it a failure?

    Edit: Wording

    submitted by /u/No_Selection_7016
    [link] [comments]

    Signing on as a partner in an already established (10 years) business.

    Posted: 07 Jan 2022 06:14 PM PST

    Hello! I'm hoping to hear specifically from folks who are business owners that sought out a partner after your business was already built and established.

    I have been offered an opportunity to become a partner in a business I have been an employee at for 2 years but haven't had a formal offer made yet (we are having a meeting in 2 weeks). I'd love to just have more information on what this has looked like for other people, and what I should expect, be doing, etc.

    What are the pros and cons to bringing on someone as a partner after your business has been established? How open were you / are you to new and fresh ideas, rebranding, internal changes in general from new said partner? If you were the one in my position what did you wish you had done or known about prior to becoming a partner?

    I'm sure I'll have more questions once I receive the formal offer but would love to hear from anyone who has any insight (especially having to do with the financial aspects).

    Thanks!

    submitted by /u/vanpootie
    [link] [comments]

    Work order

    Posted: 07 Jan 2022 09:14 PM PST

    Hello everyone, I have a service business work order picture. How can I make it that I can edit it? Would I have to make it a PDF file first, then in large it?

    submitted by /u/djnduchdnd
    [link] [comments]

    What are some good questions to ask the owner of a small business that you are acquiring?

    Posted: 07 Jan 2022 09:11 PM PST

    First time buyer of a business, and I'm aware that a lot of owners sell their businesses because there is something inherently wrong with them. I'm looking at acquiring this late-night novelty waffle restaurant that sells savory and sweet waffles. They have a very excellent reputation in the community, tons of followers on FB and Insta, but the nightclub scene around them has died because of Covid and they can no longer service their main demographic -- drunk people looking for a savory waffle.

    They are asking $50,000 but I am wondering, as a first time buyer, how I should go about finding the problem with the business. If the restaurant is in debt, and I inherit it, how do I determine if it's worth the risk? Should I hire an accountant to review their financial statements?

    The biggest red flag of all: the business has been listed for over a year and hasn't sold. The google reviews as of late are all fairly negative-- mostly related to customer service. Those feel like solvable problems, but there has to be a deeper issue. So the real question is, what questions do I ask to find out?

    Thanks friends!

    submitted by /u/adrian8520
    [link] [comments]

    When did you know it was time to start your business?

    Posted: 07 Jan 2022 09:06 PM PST

    I am 8 months into a graduate corporate role at a fairly large investment bank. I'm thinking of starting my own business but I'm not sure if I should stick it out in the corporate world for at least 2-3years. Or if I should just quit and take a leap of faith.

    I have managed to identify a high gap in the market which would yield me a lot of money. However, I am someone who has so many ideas. They range from setting up a recruitment business, retail business, somewhat small pension fund and becoming a developer. Now they are all very different ideas but I just don't know which one to start with!

    Also, these ideas target different clients but focuses on one region. The issue is I have no presence in that region and have never made any connections or networked with anyone based there. I just know there's money there and there's a gap in that market.

    My questions are: 1)How do I differentiate between an idea and a great idea? 2) When is the right time to work on your business FT? 3) what advise do you wish youve have known when you first started out? 4) also, if I'm moving to unfamiliar territory how would you advice I navigate that?

    submitted by /u/Stub_tangerine
    [link] [comments]

    What was your funding process like?

    Posted: 07 Jan 2022 08:44 PM PST

    To anyone who needed to gain funding to start their business, what was it like? How long did it take? How much did you raise? What did you do? Etc.

    submitted by /u/_Eye_sick_
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment