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    Thank you Thursday! - March 03, 2022 Entrepreneur

    Thank you Thursday! - March 03, 2022 Entrepreneur


    Thank you Thursday! - March 03, 2022

    Posted: 03 Mar 2022 02:00 AM PST

    Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks and the best deals you know of.

    Please consolidate such offers here!

    Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    Don't bank with Chase

    Posted: 03 Mar 2022 12:15 PM PST

    I know there have been several other posts on here already saying the same thing, but Chase is terrible and I would caution anyone from opening an account for their business with them.

    Today, they closed/froze our business checking account with zero notice or warning, stating "suspicious activity." We have been a customer with them for years without ever having issues. We've always maintained a healthy balance and have ran around the same number of transactions per month. We have never sent any international payments.

    We are locked out of the account completely, can't even view our statements, and they are saying that they will be holding the account's full balance for 10 days, and will then MAIL us a check. They will not elaborate at all on what this "suspicious activity" was, simply stating that our account is closed. Meanwhile we have $30k in payables set to go out by Friday, checks arriving to our vendors that were mailed out last week that now cannot be cashed, and ACH payments coming in from customers as well.

    Luckily we have other accounts to cover cashflow until this gets worked out, so we will be ok, but it is still embarrassing calling our customers/vendors to explain this issue, and pretty infuriating to be treated this way.

    Don't use Chase.

    submitted by /u/Joel_Hirschorrn
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    Please Stop Making These Website Mistakes :)

    Posted: 03 Mar 2022 04:00 AM PST

    👋 Jeff here from Huemor.

    In 10 years I've helped nearly 200 companies build more effective websites.

    Websites that consistently… * Maintain a bounce rate of 45% or less * Convert at 4% or greater * Load in 3 seconds or less * Lifespan Lasts 63% longer * Win awards for their visual design and overall experience

    I want to help you avoid the biggest mistakes I see other businesses make with their websites, so I've compiled a list of the 10 biggest offenders (and what you should do about it).

    Mistake 1 of 10: The website's structure doesn't meet the needs of its customers.

    If the foundation of a building isn't sound, the rest of the building is compromised.

    Websites are the exact same way.

    One mistake I often see companies make when approaching a website redesign is an unwillingness to alter the structure and connection of their pages.

    They've been told by an SEO consultant that if they do this, their rankings will be tanked forever.

    So they stick with decisions made by someone else however many years ago without questioning WHY those decisions were made.

    It's 2022, rules have changed in favor of user experience.

    This extends to search engines like Google and how they interpret websites.

    Focus on structuring your website in a way where it's intuitive for people and search engines will like it too.


    You can accomplish this by:

    1. Looking at your data, surveying your customers, and identifying what content they NEED to see before making a buying decision.

    2. Identifying the 'pillars' of your website based on those needs. These are the main areas that will encompass others. (ex. About, Services, Blog, etc)

    3. Make sure each one of those pillars has numerous pages under them that capture topics important to your business. For instance, if your company has multiple services, each should be listed as individual pages within the 'Services' pillar.

    4. Make sure URL structure matches the organization of those pages. (Ex. [/data-security = bad] [/services/data-security] = good)

    If your websites are not structured like this, you're limiting your potential both from an SEO perspective and how people experience your website.

    Mistake 2 of 10: Your website navigation is a diner menu.

    Diner menus are great…

    If you're at a diner. 🥞

    One mistake I see time and time again is overstuffed website navigation.

    They can get there in a number of ways:

    • The CEO had a specific initiative they wanted to highlight. Then another… and another… and another...

    • Some SEO consultant said that pages in your menu rank better… so all of the pages should go there right? (wrong)

    • The marketing department simply wasn't sure where to put new pages, so they just added them to the menu


    Your website navigation is the most important part of your website.

    It's what unlocks the rest of your website and what allows people to learn more about what you offer.

    If organized correctly, it can single-handedly increase conversions.

    When building out your primary navigation, focus on highlighting:

    1. Key service landing pages

    2. Key about pages (Company, Team, Careers)

    3. Conversion focused pages (Contact, Request a Consult/Demo)

    If your corporate resources/blog are a differentiator and there's a plan for how it can acquire new business, include it. Otherwise, it can be relegated to a website footer.

    By limiting the number of pages in your website navigation you can better control the user journey, and in return, point them to areas of the website that are more likely to lead to a conversion.

    Mistake 3 of 10: Testimonials are used as an afterthought.

    Testimonials are bullshit.

    I raised an eyebrow. 🤨

    We had gotten to the page intentions portion of our onboarding meeting, an exercise where we talk about what the contents of each page should contain at a high level.

    The CEO of a reputable start-up was convinced that testimonials were worthless.

    So much so, that he referred to them as BS.

    With the way most companies use them, I could understand why he drew this conclusion.

    A big mistake I see made is companies plopping testimonials arbitrarily onto a web page.

    Typically somewhere towards the bottom of a page, right above the footer, in some sort of multi-slide carousel.

    If you're currently doing this, please stop. All you're doing is making your website slower.


    If you want to make the most of testimonials, follow these rules:

    • Pair testimonials with the point you're trying to make. For instance, if you say your customer service is exceptional on a service page, follow that up immediately with a testimonial to back it up.

    • Curate the testimonials you choose to include so they're relevant to your reader. If I'm on a page learning about how you help health care providers, make sure the testimonials presented are from health care providers.

    • Any testimonial you choose to include should have a person's name, job title, and ideally, headshot. This brings additional credibility to the statement.

    Your product/service may be awesome, and you can tell people that.

    However, having someone else say it on your behalf will always be more effective.

    Just make sure you're being strategic with who, where, and what you choose to highlight with your testimonials.

    Mistake 4 of 10: You're selling features, not benefits.

    People care far less about what you do and far more about what you can do for them.

    Instead of: - Creating long lists of services/features - Filling pages with technical jargon - Using tons of "me" language

    Focus on: - Communicating the problems you solve for your customers - Highlighting how customers similar to your prospect have solved their problems with your solution - Speaking directly to the prospect rather than about yourself

    This shift paints a clearer picture as to why what you're offering is valuable.

    Mistake 5 of 10: Your about page lacks depth.

    I might catch a little heat for this one.

    There was a trend a couple of years ago I never understood...

    Everyone was highlighting how many cups of coffee they drink. ☕

    I always thought to myself: "Who gives a shit?"

    Highlighting the amount of coffee you drink, doughnuts you eat, and babies you've kissed isn't making your organization feel more personal.

    It's just noise.

    Instead, focus on: - What your company stands for - What you believe in - What values you uphold - How you treat your employees - How you treat your client relationships

    It's a much more authentic and powerful way of making a connection.

    And if done well, it builds confidence in prospective clients.

    Mistake 6 of 10: You're repeating yourself in your website footer.

    Nobody cares about website footers.

    Most businesses treat them like an afterthought.

    The truth is, a well-constructed website footer can improve conversions by 23%

    So many companies just slap the same links from their navigation in there and call it a day.

    Don't do that. 👎


    Do this instead:

    • Add links in your footer that aren't included in your site header. These links should be helpful to a visitor but not necessarily as important as your conversion-focused pages.

    • Make contact and pricing information easily available.

    • Include a soft call to action like a newsletter sign-up or a download for a free resource.


    Highlighting secondary items can help repeat visitors.

    Making contact information easily available reduces the friction needed to reach you.

    Adding a soft call to action can collect people who may not be ready to buy, but still want to be informed.

    So don't sleep on your website footer – go out and show it some love!

    Mistake 7 of 10: You're asking for too much in your contact forms.

    Shorter contact forms convert 20-30% better on average.

    So why do people keep asking for… - Address info - Reason for reaching out - How they found you - Budget - Mothers maiden name - Social security number

    (Personally, I haven't seen the last two on a corporate website but wouldn't be surprised)

    You don't need all of this information upfront.

    Limit your contact forms to: - Name - Email - Phone Number - Company Name

    And you'll see your conversions go way up. 📈

    The key is to have a way to quickly vet the additional information after the forms have been submitted.

    A real easy way to do that is to set up an automated email response, confirming the receipt of the submission and asking for some additional information your sales team may need for qualifying.

    After that, let your sales team work their magic. ✨

    Mistake 8 of 10: Your search feature is useless

    People are lazy.

    That's why a well-functioning search feature is extremely important. 🔍

    If you have a small corporate site you can probably skip the search feature.

    However, if you have a website with a sprawling blog, resource center, or tons of products, having a search feature is super important.

    But, it's not good enough that it's just there.

    You need to provide an experience where someone can search for things and actually get what they're looking for in return.

    If they have to go off your website to try and find something (ie Google) they're being placed back into a competitive landscape and away from your content.

    Bad move. 🤦‍♂️

    Once they're on your website, you want to keep them there (and then convert them)

    And how do you build that dwell time up? A search feature, baby.


    So to build an effective search feature, here's what you need to do:

    • Make sure the language in your content (Blog, Resource Library, Products) uses a variety of terms your customers may use to describe or discover it. Naturally having these synonyms in place will help tremendously.

    • Make sure all of your data is cleaned up. Many search features rely on accurate tags and categories to supplement how they find content.

    • Include features like partial matching and ajax search

    • Consistently review search data queries on your website and identify what people are looking for to better understand how you can optimize things.


    Two great tools we use to further augment search for our clients are SearchWP for WordPress and Searchspring for Shopify. They're jam-packed with every feature you need to make searching a breeze on your website.

    All right so get to it. Make sure someone can easily find whatever they need on your website.

    Mistake 9 of 10: You're not using your homepage header effectively

    You get one shot at a first impression.

    Your homepage hero is your biggest opportunity to do that on your website.

    Stop using it to… - Promote an upcoming Webinar - Highlight a company award - Announce a new product

    This stuff is important, but it shouldn't be the first thing someone sees.

    Instead, use it to… - Clearly define what you do - Define your unique approach to solving your customer's problems - Present visual differentiators for your brand

    People will instantly know who you are, what you do, and why it's unique.

    Then, use each next touchpoint of the website to build upon those points.

    That's where other things such as webinars (thought leadership), awards (social proof), new products (innovation) can help further that positioning.

    Mistake 10 of 10: Your website isn't accessible enough.

    Most websites today exclude huge groups of people.

    These are people with vision, motion, or other various afflictions that make their use of the internet more difficult.

    Make sure your website… - Uses fonts 14px or larger - Has colors with a contrast ratio of 4.5:1 or greater - Uses images that have descriptive alternative text - Uses videos that have reader options - Has clickable elements (Links + buttons) that can be tabbed to in a logical order

    If you're not doing these things at the bare minimum you're doing your visitors a disservice, and you're opening yourself up to litigation.

    In addition to the above, using a tool like accessiBe can help further augment your accessibility and provide a wider range of accessible options.

    Wrapping Up

    Alright, that's all I got for now folks. Hopefully, you find this helpful and gain something from it. Please feel free to ask me questions directly in the comment section below.

    submitted by /u/jeffathuemor
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    Struggling young entrepreneur? Advice from the trenches

    Posted: 03 Mar 2022 10:10 PM PST

    So I've replied to a few posts on facebook and here of struggling entrepreneurs just starting or struggling to gain traction. I've just copied my last response, hopefully it'll serve someone well.

    Hey there, you sound quite young, as am I! (Started at 23, 26 now)

    Let me share a small handful of things I've learnt in my short three years of business so far. For reference this a brief list of memorable experiences to date

    • 1.5 years in a partnership which went bust in July 2020
    • relaunched the company by myself 7 days later with overdraft maxed out and $30k of unpaid creditors breathing down my neck
    • hard grind for 4 months to pay back debt and people owed
    • developed & went to market with a new product on 25th December 2020
    • 8 days from bankruptcy in March 2021 - rebounded with $200k of sales by June 2021
    • pandemic forced lockdown in August 2021 (New Zealand is strict as hell) totally shut us down and cleared nearly all confirmed sales - 12 hours from bankruptcy on October 10th 2021 (saved by a last minute $13k sale that was enough to hold the collections from going to high court)
    • weeks pitching investors to believe in me from August to December with no success
    • Rebounding off October bankruptcy scare with $100k in sales through November/December
    • Jan 2022 realising our business model is flawed and made a huge pivot to a new market and altered offering
    • Feb 2022 struggling for traction on the relaunch but learning more about marketing & business than ever before
    • Currently implementing the new model which is predicted to take us to $35k (small in the big picture but scalable none the less) net profit per month with half the output.

    There's some key points to learn here - If you don't work hard your life will get harder - If you don't apply enough brains your life will stay hard - Ego will kill you. We think we're good at things, when in fact we aren't good enough. - Speed over perfection. Perfection = Paralysis. An average plan actioned now is better than a great plan actioned tomorrow, just fucking do it and learn from each mistake/win. - Focus on what actually matters, I can guarantee your worried about stuff that isn't going to bring results. Find the priority and execute. - Being in the game is tough as hell, and you can see by my short journey it's not always fun. You need to be resilient as all fuck. Remember that your choices probably won't result in someone's death, so keep the big picture in mind, make the decisions, deal with the consequences and keep moving.

    Regarding your lack of sales & being submitted on price, here's my thoughts

    • You're fighting on price because you're being commoditised, this means you don't bring more value than your competitors. You're compensated for the value you bring, raise value - raise price.

    Do some serious research into creating irresistible offers, this one skill will change your life. (Alex hormozi has a great book about how to create these, also has heaps of excellent content on his YouTube - life changer) - Honestly you probably just need to get better, you're being slaughtered by more experienced competition. Learn about winning offers, then increase your volume of marketing & sales efforts until you land clients. Overdeliver like hell to create sales and momentum, then use the cashflow to fix and develop your fulfilment side.

    Excellence is found in repetition, learn more - do more, you'll be okay.

    There's a million other things but focusing on these core areas will serve you well, it's what I wish someone shook into me 3 years ago at the start.

    Reach out if I can help all, I'd love to help someone starting out. I'm still very green & don't claim to be an expert. I offer my experiences in the trenches.

    submitted by /u/Happy_Butterfly_9267
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    Looking for a mentor

    Posted: 03 Mar 2022 08:33 PM PST

    Hello, my name is Chris. I am looking for a startup mentor, specifically one to help me with advice on how to start my investment company. It will be called gbt investments and deal with investing in other startups while getting a 10% stake in the startups profits we aquired, I realize your time is valuable so whatever I am taught or helped with I'll put into practice right away and learn on your schedule not mine. I await your response

    submitted by /u/Chrisjb682
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    Talk to customers before building ? But who ?

    Posted: 04 Mar 2022 12:53 AM PST

    Good morning every one,
    I want to build a SaaS for HR. Trying to discuss with people in this domain .
    I have a question :
    Enterprise gonna be my customers so i'm kinda confused, i'm talking to people working in HR but they are not the person who decide to pay but their boss.
    So i need to talk to the person who can decide or and i need to talk to person who gonna use my solution ?

    Thank you

    submitted by /u/ducky92fr
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    How did you figure it out?

    Posted: 03 Mar 2022 09:52 AM PST

    I am tired of the rat race and working for money. I've focused too much on an education and degree that I don't even want or use. I've realized that the freedom that I sought, was not in a degree but through entrepreneurship and creating cash flow entities.

    I feel like I don't even have any real skills or strengths as an individual that I can use to make money off of.

    My question is: how did you figure out what you wanted to do and what kind to entrepreneurial path you wanted to take?

    How did you figure out your skills/strengths? Did you consult any literature, resources, or assessments?

    What helped you decide that your venture, business, investment etc., was the one?

    I would appreciate some insight so that I can continue figuring things out.

    submitted by /u/receiptflex
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    I quit my job 3 days ago for my business and struggling with my routine. Can anyone share what helps them!

    Posted: 03 Mar 2022 08:18 PM PST

    As the title says. I started a business 4 years ago that slowly grew, and a new one took off in December, replacing my job's income plus some. I put in my two weeks and my last day was Monday 2/28.

    What do you do to ensure you're balancing health, business tasks, mindfulness, relationships and relaxation? I've found myself this week focusing so much on work I'm actually working more than when I was doing both my job and my business. Or I take a day and spend too much time relaxing. What's your recipe for balance?

    Thanks in advance!

    submitted by /u/deeproots_nofrost
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    Finally got my first self developed product up for sale!

    Posted: 03 Mar 2022 05:42 PM PST

    I took a long time interest of mine, which is collecting coins and decided to make a relevant product I'd use myself. There is a sizable group of people that hoard pre-1982 copper pennies since the metal they contain is about 3x the face value. My device allows you to insert coins through the top slot, the comparitor will then divert the copper ones to the left and the zinc ones to the right.

    Next steps are to make a youtube channel and engage more with other fellow Copper enthusiasts.

    Check out my eBay listing,https://www.ebay.com/itm/275167200945

    I'm always open to feedback.

    submitted by /u/dial_calipers
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    I'm the marketing director for a $5MM ARR SaaS startup. I've got some time to kill. Do you have any marketing questions about your startup?

    Posted: 03 Mar 2022 03:05 PM PST

    This is an alt account since my main has too much personal information on it. Happy to verify with mods if needed.

    I've worked in digital marketing for 8 years. I started as a copywriter and am now the marketing director for a San Francisco-based SaaS company. We make about $5MM in annual recurring revenue. I've also worked as a consultant for other SaaS businesses along the way.

    I've got a little time to kill today/tomorrow and wanted to give back to the community since I get a lot of cool advice here from time to time.

    I'd love to give you feedback on your:

    • Website copy
    • Marketing strategy
    • Sales funnel
    • SEO strategy
    • Social media

    ...or any other marketing questions you have.

    I'll do my best to chime in for the next little while and hopefully help some people out!

    submitted by /u/MissionAlt99
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    US startup asking me to split legal bills to evaluate European market feasibility.

    Posted: 04 Mar 2022 02:47 AM PST

    So I got introduce to this American company, relatively small, but raised couple millions in FFF round.

    We discussed possibly entering the European market and after the call I made some moves to gauge interest in specialized stores and find a law firm for confirmation we can proceed. Set up a call to meet them.

    Suddenly they went cold, said they might not have the time to deal with this and could be a distraction.

    I tried to make the point that the initial call is only like 150$, then I can make a business plan and see if the whole operation makes sense.

    And they said "are you willing to split the legal fees, we should both have skin in the game".

    Now, they are referring to future fees, in case the law firm needs research time or we have any other needs.

    I would definitely like to give this a try, but investing my time, not my money.

    Am I wrong? Is the whole point of being an entrepreneur to take risk or should I stand my ground and tell them no?

    I was looking for a distribution/sales deal. If I have to put money in that's a partnership, and I don't have that kind of capital.

    The whole things seems weird I just need external perspective.

    submitted by /u/MrMarchMellow
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    Any Recommendations for PWA Drag and Drop Website Builder?

    Posted: 04 Mar 2022 02:40 AM PST

    Hello Guys, Does anyone has experience with PWA website builder or have used and could recommend? I am struggling to find, and most of them lack basic and most common features.

    submitted by /u/Deepak__Deepu
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    Romance concierge services

    Posted: 03 Mar 2022 09:47 PM PST

    I've had this thought for the past months and I've yet to get started. I have so many ideas on my head, how to plan romantic dates, how to setup/decor, fills my heart having all this ideas yet I can't seem to get started. I follow similar businesses on IG, and I've Google searched endlessly, so I know cost (more or less), yet I still haven't gotten started.

    I don't know if I just need a push, or I'm afraid to go out and just do it. How did you get started with your idea? Like how did you just go out and do it?

    I know I need to go speak to florists for discounts on roses, to hotels to offer romantic packages, I know I need to advertise but I feel super shy and like I'll get turned around.

    Help! I want to become super successful and I know my idea is great!

    submitted by /u/Eeeffoc
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    Is it wrong to start a business in a small community if someone is already doing it?

    Posted: 03 Mar 2022 09:16 PM PST

    So I live in a small resort community and have recently been toying with the idea of starting up my own business. The idea I have, as it turns out, someone already has a business similar to it. My target market would be different, as well as my target area. Would it be wrong to start this business and take some away from them?

    I've asked friends of mine in a similar situation for their opinion as well. Some have called other businesses to let them know they are starting up an operation, others have just started the operation.

    In a small community where everyone knows everyone, the last thing I was is to cause a riff. What's the popular opinion on this?

    submitted by /u/Mecrawpolis
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    Question on LLC and Commercial Lease

    Posted: 03 Mar 2022 08:46 PM PST

    I have a newly registered LLC and I am interested in leasing office space. The landlord is making a requirement to have my spouse as guaranty on the lease. Our financials are separate and my spouse would have no involvement with my new business venture and I prefer not to have a spousal guaranty.

    Is this pretty standard for a commercial landlord to require this? I am trying to understand why they are making it a requirement. Would it also be because my LLC is new and has not generated revenue yet?

    In situations where businesses are new, what are some options around this?

    Thanks

    submitted by /u/sheer_sky
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    Abundance Mindset

    Posted: 03 Mar 2022 09:04 AM PST

    The economy is growing every day.

    Entrepreneurial innovations create new products and services and drive down costs over time.

    We become ever better at satisfying our human needs. The most basic ones are already well covered and now we can focus even more on more complex ones like status, individual expression, entertainment, lifestyle, relationships, …

    There is a growing body of knowledge, case studies and best practices that we continually add to every day. This allows us to build ever better businesses.

    We utilize ever more of the free natural resources we have and add ever more value to them, growing the total wealth we have.

    New technologies connect us in ever more effective ways and reduce friction. This unlocks a lot of new value every day.

    In every problem there are countless business opportunities. As the world becomes increasingly complex, there are more and more ways to add value.

    We all have access to the internet and can learn tens of thousands of skills and connect with billions of people for free.

    There is an abundance of money in the world that is looking to be deployed in economic ways. If you have a sound idea, you can find someone who will fund it.

    We must constantly remind ourselves to cultivate an abundance mindset. It is easy thinking in scarcity when everyone is talking about competition and one is overly focused on the news and the markets rather than the real value creation that just continues improving every day.

    submitted by /u/micro_hash
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    How did you raise money for your business?

    Posted: 03 Mar 2022 06:28 AM PST

    Looking forward to reading your comment.

    submitted by /u/nunziopresta
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    Advice on Starting a Paintball/Airsoft Field

    Posted: 03 Mar 2022 07:50 PM PST

    I am wanting to start up an Airsoft/Paintball outdoor field. Just trying to see if there is any new or insightful information to give.

    From what I have been looking up it seems the following are pretty big priorities.

    • Insurance + Waivers
    • LLC
    • Rental Guns
    • Ammo / Accessories
    • PPE
    • Building for Retail / Office
    • Restrooms'
    • Land

    Insurance

    From digging around, it seems like rates are around $2,000-2,500 per year, or $210/monthly on the high end. Seems pretty reasonable really, one decent weekend should easily cover that. Mainly just figure out what the stipulations are for the insurance, fire modes, age limits, etc.

    LLC

    I am in Indiana, so forming an LLC is less than $100, and will provide at least separation from personal assets.

    Rental Guns

    Seems to just be reaching out to vendors/distributors, picking a solid m4 platform, and seeing about getting either a bulk discount or work out a sponsorship potential for a discount. Say an average of $175 for 50 guns to start, that's $8,750. Cap it at 40 players to start out for a field, and grow with the company, have 10 extra's in case of malfunctions/repairs.

    Ammo / Accessories

    Ammo is kind of hard to price, but simple enough to make sure to calculate out to make a profit. Just need to order additional magazines for the guns.

    Will need a chronograph or two to test out gun speeds (if insurance allows external gun use)

    Will need additional batteries for AEG's, say 100x batteries at $25 each, would be $2,500.

    PPE

    Mainly just would consist of getting a full face paintball style mask for people to wear, would estimate around $75/mask. So that would be $3,750 for 50x masks. Again, starting out with 40 max players, and extra's in case we need to swap some out.

    Gun socks could be gotten for around $10 each, so 50x would be $500.

    Retail Building

    There is a wooden barn on site still that could be retro converted into the retail space + storage for items. Just would need to run new electrical, and would be good to go. Approximate cost would be around $2500 for new electrical, plus fridge, fans, and some other small utilities.

    Restrooms'

    Simple setup again, just do portable bathrooms to start. I have used them at airsoft fields, and work in construction so used to them. Rental rates around here are around $125/month or so for each unit w/ weekly cleaning.

    Land

    Land will already be included, just will have to pay property taxes. Zero investment. $500/year in property tax roughly.

    Total

    1st Year - Around $25,000 (start up costs, recurring, etc)

    2nd Year & Further - Around $3,000

    Only additional costs would be to purchase new rental gear as expansion would happen and rotate out old equipment, inventory for retail shop, etc.

    What else should I be factoring in, what other things should I be aware of when starting up an airsoft field, and does the price seem pretty accurate based on what I have found or did I miscalculate some things?

    Would love to hear some feedback and appreciate you taking the time to read through this!

    submitted by /u/Mastemine
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    Entrepreneurs All Over The United States Are Taking A 7% Pay Cut Without Realizing It

    Posted: 03 Mar 2022 11:29 PM PST

    It's true, Entrepreneurs all over the US are taking pay cuts of 7% this year and many of them have no idea. How is something like this possible? Well it's all about inflation, now I know I'll get a lot of hate for saying that but inflation rates during 2021 were 7% an all-time high, especially when compared to the previous last 5 years of 3% or less.

    I actually recently renegotiated one of my contracts with a client discussing both the SEO work we had done for him and how inflation rates affect things to reason with him on why he should increase his monthly SEO rate. He accepted the deal which honestly I'm glad he did it as he's very reasonable but if you think about it I'm making the same amount of money while continuing to increase the number of leads he's getting. It's something to think about especially in a business setting because if you aren't making money you are essentially losing money and that's more true this year compared to any other as inflation rates may continue to rise.

    submitted by /u/Juicetin1998
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    Free Small Business Resources and Tools to Use in 2022

    Posted: 03 Mar 2022 03:40 PM PST

    For Grants and Loans

    1. U.S. Small Business Administration

    U.S. Small Business Administration provides resources so entrepreneurs can plan, launch, manage, and grow their own small businesses. Under the funding program section of their website, they discuss various types of grants and loans small businesses can apply for along with investment capital, disaster assistance, and surety bonds.

    2. U.S. Department of Treasury

    The U.S. Department of Treasury has FAQs and resources for those interested to apply to government programs for small businesses such as the Small Business Lending Fund, State Small Business Credit Initiative, and Community Development Financial Institutions Fund.

    3. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)

    SBIR and STTR are programs that promote technological innovation among small businesses. Small business owners can look into participating in these awards-based competitive programs if they intend to invest in research and development.

    4. GovLoans.org

    GovLoans.org helps small business owners to decide on a government funding program by allowing them to compare their interest rate, fees, loan length, loan amount, prepayment penalties, and payment frequency.

    5. Grants.gov

    Grants.gov connects grant applicants with federal agencies. According to the American Library Association, this grant community makes it possible for more than 900 grant programs to award more than $400 billion grants every year.

    submitted by /u/Virtudesk
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    How do companies, especially enterprise, buy software these days?

    Posted: 03 Mar 2022 05:44 PM PST

    I'm aware that most enterprise companies have a software procurement team responsible for evaluating software products, obtaining and negotiating price quotes, and accepting offers.
    But I'd like a more detailed account from people who've experienced it.
    What have you seen or experienced in regards to this process?
    Are there any esoteric websites that procurement officers use to evaluate products?
    How often did the procurement process occur in your organization?
    If you've seen how the process works in medium sized companies, I'd also like to know.
    If you have any details, please do share.

    Cheers!

    submitted by /u/Grandmaster787
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    Making Custom Clothes

    Posted: 03 Mar 2022 04:14 PM PST

    I am trying to start my own clothing brand. I already have the shirt fabric/ material picked out and i made a few designs myself. I wanted to know if there is anywhere i could go or any services where i could give them the blank tees and my design nd they'll print it for me? i have also been looking into printing the designs myself but i want a real professional look and feel. Any tips/comments would be appreciated thanks !

    submitted by /u/Ok-Attitude7844
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    LF Feedback on my app idea.

    Posted: 03 Mar 2022 07:45 PM PST

    Budget Broker

    The idea behind this app is relatively simple. Having a budget is one thing but maintaining that budget is a whole other ballgame. Budget Broker is meant to take the customers budget and help give suggestions in each category to help spend their cash within their means. For example if my budget is $150 for groceries for the week, budget broker will take that amount and with an algorithm create a grocery list that's within that amount, finding local stores that have the ingredients for the best bang for their buck and also will find top rated recipes on the internet and suggest meal plans for the next week that are within the budget. Second example will also be leisure expenses. If my budget is $50 for the week, budget broker will give the consumer suggestions within their area of ideas they could do within their budget. Basically whatever your budget includes whether it's groceries,bars and restaurant or automobile expenses Budget Broker will find you the best deals within your budget in the specific category.

    I have zero IT background, maybe I'm off my head thinking this is possible. Just looking for some feedback.

    submitted by /u/Still_Stilling
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    Project done! Opportunity to grow!

    Posted: 03 Mar 2022 06:23 PM PST

    Hi all,

    I have a good project which help people practice sports in a more convenient way, reserving a sports facility in just some clicks on the app. The app helps keep sports centres booked up, as well as improves efficiency and the digitalisation of their facilities.

    My project was designed for soccer however it can be used for a lot of different kinds.

    If someone is interesting on join me to help me growing this project it would be perfect, I'm open to purposes.

    I've just finished the project on 2019 and the came COVID and all soccer clubs closed.

    It works in Portuguese (Brazil) and also Spanish (Mexico).

    Regards,

    submitted by /u/avespone00
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    Anyone have good stories about a business partner that you just couldn’t work well with?

    Posted: 03 Mar 2022 05:53 PM PST

    What were the problems, and how did you eventually overcome them, if you did at all?

    submitted by /u/DownBadddddd
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