general

  1. P

    Valuation of my biz & Sale

    Been in business for 38 years same location. I own a 7000 sq ft building on a 30000 sq ft lot . 16 employees Cash flow 1.5 million- business owner takes out 200 k salary. Everything is paid for . Profit on the books to keep from being taxed is around 25-50 k a year . I’ve got two employees...
  2. C

    Exploring a good business checking account for LLCs generating <50K p.a

    Hi, I am exploring a simple business checking account for two LLCs and I would appreciate your guidance considering the below: Revenue is
  3. J

    Trying to get to a million $ ASAP. Worried employee will start own business!

    I am at a crossroads... I run an online affiliate marketing business. There are certain tactics that work very well, sort of loopholes and untapped angles and niches. I want to scale, hire and build out a team of 5-10 to run a division of my business that I have been managing that takes me...
  4. M

    Q's: DBA/LLC, checking accounts

    I am so glad that I found this feed. I have some questions and need to pointed to the right direction. So, thank you in advance: I opened up an LLC. Would it be possible to make my DBA my {first name} {last name}? If I change to DBA, do I need to do anything to my current business checking...
  5. I

    Update on the buyout of my business.

    A month ago I posted about how I sold my 18 month old business for over 100k but the buyer stopped making payments. Update. We gave him a 30 day demand letter and he didn’t respond. We are serving him papers and he has 21 days to respond or it goes to default judgement. I found out via an...
  6. C

    14+ top sales promotion examples for Shopify stores in this BFCM💕

    Free shipping & free return Flash Sale Free sample/Free trial/Free demo Free Gift Gift with purchase Coupon BOGO: Buy one get one Volume discount/Bundled products Social media contests & giveaways Referral discount Donate a portion of the purchase Subscription/Recurring sale Discount for the...
  7. J

    USPS losing checks in the mail like crazy it seems

    Is USPS driving anyone else crazy? They are losing outbound checks from my business at an increasing pace, and it's getting really annoying. I am just curious if a) anyone else is seeing this same issue, and b) what, if anything, you are doing about it. A little background... I run a small...
  8. R

    AMA: I don't know who needs to hear this, but you made the right decision to go on your own!

    Today I officially hit a personal goal... $1MM in revenue . Peanuts compared to our largest competitor, but man is it a long way from where we started. Still a one man "side hustle," still dreaming of one day "quitting my day job," that I still work 8-5 every day hah! Today marks a 200% y/y...
  9. W

    W

    In 2020 I lost my job due to the pandemic, and started a small llc in a last ditch effort to keep living independently. I employed myself for 2 years with freelance graphic work and web design. Trouble is I did zero accounting or record keeping, just basically worked and paid myself and made it...
  10. W

    Digital Products and L.L.C

    Good evening, dear entrepreneurs, I am faced with a few doubts before opening my L.L.C. Once it is established, can it sell to everyone worldwide? Does anyone know how the laws and taxes of other countries apply when they make purchases from another location? How can I pay myself as a...
  11. F

    E-commerce

    Hi everyone, I'm looking for an investor with an already established e-commerce business, a turnover of 70k in 2 months, the shop is already started with many customers, we just need more capital
  12. W

    501(c)3

    I was wondering if anyone knows how to navigate starting a 501(c)3 charity? What are the things I want to consider before doing it? The goal is to start a vocational training program for CDL's in Texas that is free of charge. What parameters exist that a commoner is going to miss?
  13. J

    Offshore Wages & Why are we Overpaying like fools on Upwork

    I couldn't decide on a fancy title for this post, so here's what I settled on. After spending over 8 months digging deep into software developer salaries, I've got some eye-opening stuff to share. Ever wondered how foreigners and online platforms take advantage of small American businesses with...
  14. M

    Freight forwarding by sea

    Shipping by sea series Understanding CBM by weight Sea Freight: 1 CBM = 1,000 kg or 1 Ton Air Freight: 1 CBM = 167 kg OR 0.18 Ton Road Freight: 1 CBM = 333 kg or 0.37 Ton #cantonfair2023 #freightforwarding #Cameroon #Chine #cargo #logisticscompany
  15. L

    Question Please

    Hello All I have a business in State of Virginia and planning on hiring only one employee. Where would I need to submit these documents once my employee fills it out the following forms : 1. I-9 Employment Eligibility Form 2. W-4 Federal Tax...
  16. S

    Converting visitors to customers

    I've seen posts over the last few days related to converting visitors to customers. This got me thinking about my own efforts and below is my capture of the key points to converting that I'm going to work on (as a bit of fun, I've massaged in using "CONVERTED" as the acronym. My question; I...
  17. C

    Feeling a bit disappointed today

    Hi, I’m feeling a bit disappointed today because my startup wasn’t chosen for a $5k grant from one of the startup funds at my university. Any advice? After interviewing last week and answering a series of questions related to my startup, I was confident that we’d get chosen. My co-founder and...
  18. G

    SB Essentials (Phone, Email, VPN etc) Question

    Hello everyone! I’m a new business owner and was curious if you guys had tips or directions on services that are ESSENTIAL for small businesses selling on eBay and sites like that included own website? All in all I have: MULLVAD VPN PROTON MAIL (ALIAS EMAIL FOR MOST SITES) BUSINESS PHONE...
  19. I

    Customer can’t afford to pay

    I recently opened a business doing mobile RV maintenance and repair. I just returned from a call where a young woman and her infant child were living in their RV and the AC stopped working. The problem turned out to be their converter and the part alone costs $455. She doesn’t have the money for...
  20. P

    Wanting to buy existing pool franchise shop/cleaning service

    I have 3-4 YOE in the service industry but different field(Pest control) I am really looking into making a switch to being my own boss. Currently work as a Software Engineer and I’m tired of stressing over layoffs that seem to happen at random. Current credit score is fair. What do I need to...
Back
Top