Questions and Answers

Asked by:

u/Trioline

Topic:

operation acquisition

Startup being acquired. Stressful suspense.

My startup is in the process of being acquired by a large tech company. It has been ongoing for quite a while now and the other side always has bureaucratic delays on every step of the way. It will still take months to complete the deal due to duedil and such. We are literally running on fumes to complete the process. This is just super stressful and it feels like it will never end. Anyone has similar experiences?

Asked by:

u/awshit_herewegoagain

Topic:

operation validation traction value

finally started my own business and my friends lied to me

is it normal for when you’re promoting ur business, all your friends are like “i cant wait to buy!! omg im so excited im gonna buy something!” and once u open, you have no sales? like its super hurtful :(

Asked by:

u/HingePiece

Topic:

operation

Keep going or try something new with my WebApp?

I'm currently in a situation where I am developing a Web App, and have it about 80% complete. There are starting to be concerns about it's viability as a business (no money has been spent on ads/testing yet). At the same time there is a new Web App idea that seems to have much better potential. Most sources seem to emphasize only working on one project at a time . Which project should be the focus?

Asked by:

u/turk_turklton

Topic:

operation execution

Im exhausted and I havent even fully started

Im in CA and I am opening my own Pest Control company. I have been in the industry for a few years and have been working on following the procedures to make it happen. However, EVERY. STEP. OF. THE. WAY. The structural Pest Control Board loses every form I mail them (yet they cash the checks attached). Every time this happens it pushes back my start date 4-6 weeks due to processing.

Asked by:

u/cocacoca10

Topic:

operation cofounder

My partners want me out. How do I get fair treatment?

The last 6 months have been intense work in a newly started consultancy company with two friends. Now, a little over a week ago, they decided to kick me out and offer me 5000$ for my third of the company.

The thing is, we have a turnover of 40.000$ and profits of around 39.000$ in just a few months. Around 30.000$ of these profits have only been invoiced and not yet paid to our company, and the services that we provide is due to august, which is where we get the payment.

Asked by:

​

Topic:

value

How do you "Create Value?". A simple thing I don't understand

Any books that talk about creating value?

Asked by:

u/Ecossentials

Topic:

operation cofounder

Having trouble figuring out roles...

On the C-corp form, we have to fill out titles. My partner has literally been handling all the tech, and coding. I have been the business venture guy - setting out talking to people, developing new strategies, marketing. He thinks he should be CEO because he knows the tech. I know more business and marketing etc. how to handle a company in the proper manner and establish a proper strategy. I hate arguing with him cause he’s an awesome guy. What should we do?

Asked by:

u/korrakage

Topic:

service operation profit

For people who started service businesses, were you able to bypass doing the work yourself from the start?

I've gotten some inspiration from some recent posts here and other related subs. I have an idea (pet sitting/waste removal) that I'd like to execute in the near future. One of my biggest challenges I see right now is fulfilling client appointments. I'm working full-time at the moment so the only availability I would have is on weeknights and weekends. I already have a very small list of people who are interested/willing to use my service once it's up and running but I don't know if I can handle 40+ hr work weeks and driving around at night to fulfill customer requests. Does anyone have experience hiring part - timers to do all the grunt work (in this case pet sitting/pet waste cleanup) before the business even officially launched? Thank you!

Asked by:

u/PaddyGrind

Topic:

operation busy

How do you deal with the thought of failure in business? (Even when succeeding)

A classic question I know but would love to see how everyone copes

It comes with the territory of course but with business, if you fail, it can feel like wasted time, time you can't get back or could have been using to do other things (travelling the world, having a proper social life)

My business is doing well at the moment, I'm making more than I could in a job which is just my dream, but I'm busting my ass doing it...if it fails I'll be left with a skillset and years of time wasted, 12 hour days, little to no social life etc.

Asked by:

u/Noderly

Topic:

fail failure operation profit

Constant failure and challenges are destroying my mental health

I have a SaaS startup with a few employees. We have some revenue enough to pay the employees, but not enough to pay myself. I do have enough income from other ventures to pay the bills.

It seems like I’m constantly facing endless struggles and failures and I’m completely worn out. We have maybe 3 months before we finish the app, but I’ve completely lost motivation: we’re running into huge issues/bugs with the software and I’m not sure if it’s going to be possible to even finish the product and provide something that’s useful.

Asked by:

u/snipertrader20

Topic:

social marketing youtube

I am a youtuber with 8 million subscribers, how do I get in touch with a talent agency?

They all hang up on me immediately and say referral only. How am I supposed to get a referral if I don’t talk to other youtubers?

Is there some manager I can pay to get me in contact with agencies like CAA?

Asked by:

u/cecelis

Topic:

competition copycat

Someone is copying my wife’s instagram shop and posting weird stuff on it

About 4 months ago my wife opened a Instagram shop called @happy.little.finds. She came up with the name, logo so everything she did is original and not copied from someone else. Couple days ago some person opened an account @happy_little_finds with the sole purpose of pissing my wife off. This person has no intention of selling any stuff on their page but one of their posts also sounds like a death threat -they shared a picture of a little table with The Reaper and called it La Muerte which means death- They also put in their story that my wife’s account was the fake account and people should block and report her account. My question is what action can we take for this issue? Any help is appreciated.

Asked by:

u/DeepKaizen

Topic:

mvp validation quality operation execution

Looking for inspiration. Can you share a time when you succeeded despite selling an obviously subpar product?

This situation can come in many forms

Perhaps its due to a lack of differentiation yet being more expensive. Perhaps your product has no "image" attached to it. Or maybe it just delivers a subpar result. Given such a situation, how have you overcome heck thrived despite such challenges?

Asked by:

u/HumansTogether

Topic:

cofounder operation

Breaking up.

I just said "I'm out" to my best friend. Fuck it hurts. Appologies for the number "I" in this post. This is all from my perspective, so it seemed fitting.

He approached me a few years ago with an idea. I said yes, because I wanted to help him. Seemed like I could bring value. What I ended up having to do was way more than we'd originally talked about, and in an area I don't really have the passion to be on weekends for years at end. I thought this would be a year, but it never seems to get anywhere.

Asked by:

u/ANR2404

Topic:

local

Can I start a home renovating company with $15,000?

So I’m 19, and interested in opening a home renovating company. Reason is my dad has had 20 years experience with renovating houses and knows a lot of people that also works as that. My dads friends son has opened a moving company and is super successful, owns multiple moving trucks, invested in a lot of property etc, and he is only in his early 30’s. Can anyone briefly explain to me how I don’t fail at the beginning? My advantages are that I still live with my parents, and my dad has told me numerous times that I can easily open a business and even if it fails I can still fall back on them. So yeah, can I do it with $15,000? If more is needed tell me, I know I need tools, a work car, etc.

Asked by:

u/likebike2

Topic:

exit sale

Looking for broker who can help us sell an owner-operated (no employees) swimming pool supply retail store. Arizona.

My father has been running a swimming pool supply store for 22 years, and it's time for him to retire. We really need YOUR HELP to sell the business, ASAP. The several brokers we have already tried working with have put in zero effort (just posted some lazy ads on bizbuysell). We need to find a broker with a more effective approach -- maybe by finding and contacting potential buyers.

Asked by:

u/Theory0fChange

Topic:

idea creation

Dealing with too many ideas

Does anyone else struggle with having too many different ideas. Throughout my life I’ve read nonfiction textbooks, novels, ingredients and basically any form of text a bit obsessively. In the last few years (30M) I’ve really flourished in my ability to quickly synthesize and translate ideas from a shape in my head into at minimum a wireframe or 2D SVGs.

Asked by:

u/reddit_reddington

Topic:

covid failure landlord

My parents run a small business and they are almost $100k behind in rent...

My parents have had a small business for about 20 years. I'd say for about the last 5, they've been running a loss. They poured all their liquid savings and some loans from family to keep it afloat but it's only gotten worse.

Last year they got behind on their commercial rent. This year they just haven't paid it at all. Their total back-rent is around $90k and growing.

What is really odd is their landlord has not brought this up at all. They just keep invoicing them each month like nothing's happened. Stranger still is their lease ended at the end of June, but no word from landlord. Just monthly invoices for the rent.

My dad keeps saying stuff like "well cause of COVID they'll probably have some program to forgive all my back rent".

Any idea what the landlord could be up to? I'm afraid they are eventually going to demand/sue my parents for the full amount + interest.

The business is set up as a sole proprietorship under my father's name. They have about $350k in home equity (their only asset now) that I'm afraid they are putting in jeopardy by keeping this up.

Asked by:

u/gcabello07

Topic:

marketing

How to market your online business effectively

Hello everyone! How would you say is the best way to start marketing your business online without having a big following on social media?

Asked by:

u/linepen

Topic:

marketing

What are the craziest strategy you pulled in digital marketing

What are the craziest strategy you pulled in digital marketing rather than just boosting targeted ads on social media?