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The Entrepreneur / Business Owner's / Self Employed Lounge
11-26-2018, 11:30 AM
I have a paypal business account right now and if I want to withdraw some money to my bank account, do they ask something from papers ?( TVA number etc.) because my business is not registered yet and I don't want my money to get frozen by paypal , it's around 3K € I would like to withdraw.
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-26-2018, 11:38 PM
Which country is your PayPal account in? It varies from country to country.
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-27-2018, 02:08 PM
Wanted to post here first before I went onto my business forum. I've been working on a supplement company for over a year now and at this point I think finding a partner would be beneficial to me. Product has been validated by the market and have made some sales. Everyone whose tried it has given stellar reviews and it is without a doubt the best mood supplement on the market, having tried competitors..
Pm for more info I don't want to dox myself, but i'm looking for someone with good marketing experience to help me grow this and develop it into a brand. I believe wholeheartedly in my product and it has great potential.
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-27-2018, 02:16 PM
I've been doing a lot of research lately (Seth godin books including his newest), learning about instagram optimization, but have yet to pull the trigger and finally list my product on amazon.
I don't mind putting it on without having a huge following on insta yet; but now I'm starting to consider if the christmas shipping crunch may be detrimental to my business getting off the ground (I'm using a PoD service with a 1-2 printing time to boot). I'm already getting unexpected physical action from people around me and fans (a prerequisite that scott adams talks about) but I just don't know how everything will go, though I have an abundance of optimism.
Anyone with any thoughts on this situation?
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-27-2018, 04:11 PM
Quote: (11-27-2018 02:08 PM)bigolteddies Wrote:
Wanted to post here first before I went onto my business forum. I've been working on a supplement company for over a year now and at this point I think finding a partner would be beneficial to me. Product has been validated by the market and have made some sales. Everyone whose tried it has given stellar reviews and it is without a doubt the best mood supplement on the market, having tried competitors..
Pm for more info I don't want to dox myself, but i'm looking for someone with good marketing experience to help me grow this and develop it into a brand. I believe wholeheartedly in my product and it has great potential.
We spoke privately about this. I don’t think you need a partner. Consider hiring a specialty marketing guy. I just did and the difference in approach on what I was doing before based on what I thought would work and what actually works is massive.
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-27-2018, 04:13 PM
Quote: (11-27-2018 02:16 PM)Siddartha Wrote:
I've been doing a lot of research lately (Seth godin books including his newest), learning about instagram optimization, but have yet to pull the trigger and finally list my product on amazon.
I don't mind putting it on without having a huge following on insta yet; but now I'm starting to consider if the christmas shipping crunch may be detrimental to my business getting off the ground (I'm using a PoD service with a 1-2 printing time to boot). I'm already getting unexpected physical action from people around me and fans (a prerequisite that scott adams talks about) but I just don't know how everything will go, though I have an abundance of optimism.
Anyone with any thoughts on this situation?
Still waiting? Still researching?
What exactly are you waiting for? There are no magic formulas, get out there and sell some shit.
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-28-2018, 12:11 AM
The desire to start my own business is eating away at me more than ever. The only problem is I'm all too familiar with the risks involved.
It would be a very simple, very small wine bar that serves a limited menu. I have the concept very well fleshed out in my head, would need to formalize it into a business plan.
I already know the place would not be geared towards high volume. Or huge profits. It would be my place to not have to work for anyone else. Because, well paid as I am, I'm getting sick of this shit.
The other apprehension I have is having this place in Vegas. It's hard to imagine it getting a lot of love based on what I know about Vegas locals. 99% of bars here are tacky as shit, having gaming machines, and cater to the vodka+redbull crowd.
It would be a passion project in the truest sense, in that the place could wind up being very painful. But it's eating at me and I feel like I have to at least give it a shot. I may try to make this happen in '19
"...so I gave her an STD, and she STILL wanted to bang me."
TEAM NO APPS
TEAM PINK
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-29-2018, 03:28 PM
Go niche?
I don't know much about the accounting space, but it's generally a good tactic, especially if you're starting out in competition against bigger more established options (as you are)?
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-29-2018, 04:10 PM
Quote: (11-28-2018 12:11 AM)Veloce Wrote:
The desire to start my own business is eating away at me more than ever. The only problem is I'm all too familiar with the risks involved.
It would be a very simple, very small wine bar that serves a limited menu. I have the concept very well fleshed out in my head, would need to formalize it into a business plan.
I already know the place would not be geared towards high volume. Or huge profits. It would be my place to not have to work for anyone else. Because, well paid as I am, I'm getting sick of this shit.
The other apprehension I have is having this place in Vegas. It's hard to imagine it getting a lot of love based on what I know about Vegas locals. 99% of bars here are tacky as shit, having gaming machines, and cater to the vodka+redbull crowd.
It would be a passion project in the truest sense, in that the place could wind up being very painful. But it's eating at me and I feel like I have to at least give it a shot. I may try to make this happen in '19
I would imagine that there is a small demographic of people in Vegas who would be looking for something like this.
Even if your only reason for doing it is not to answer to a boss any more, trust me, that’s a good enough reason.
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The Entrepreneur / Business Owner's / Self Employed Lounge
11-30-2018, 11:41 AM
Just made £900 profit after labour for a days work with myself and one guy plus a machine. Getting closer to that £1k day.
The more machines and tools I have the easier it becomes to make good money without straining myself. Unfortunately I am still the linchpin of the operation.
They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety- Benjamin Franklin, as if you didn't know...
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The Entrepreneur / Business Owner's / Self Employed Lounge
12-15-2018, 07:18 AM
Can't believe I was the last person to post here.
Since my last post, I've totally smashed that £900 day with a profit after labour and materials of £2k for one days work with three men and a machine. Then two days later I did another job (of a type I don't particularly enjoy) with one guy and a machine and made another £900 profit after materials and labour.
The one ovveriding thing that I would say has changed over the last few months is my attitude. I now put 40% profit onto jobs when quoting automatically, and my attitude is 'if they can't afford it I don't want that customer'. This is genuine, and what's behind it is the realisation that I can do one job like I did earlier ths week and make the same money as if I was grafting all week.
A few choice titbits I've picked up recently. Can't remember where this was from but- 'you're either the hater or the hated'. Simply put, people hate upon those who are sucessfull. I'm guilty of it myself. Rather than try to cultivate feelings of admiration for more successful rivals (I find this happy clappy stuff tiresome and not really congruent with my personality), I've just become somewhat bitter, not to them, but to anyone who gets in my way. This includes- customers who are timewasters, customers with low budgets, people whom you only see when they want something and people who come to see you during work time but don't offer anything of value. The end result is that these people wind up hating on me. Good. You're either the hater or the hated. Only one of those types makes money. My main local rival is almost universally hated- except by customers, who praise him for delivering what he promises! Every month he has a new machine, and rumour has it without finance also.
I was so enthused by my recent change in attitude that I paid a visit to my mentor last night. This is the guy who sold me my first machine on tick, even though I was scared of borrowing money age 18, because he wanted me to see what was possible. I've been a long time coming round to embracing his entire philosophy, but I'm getting there. A favourite question of his is this:
If I gave you a tenner, could you double it within a month?
Of course I could.
If I gave you ten thousand, could you double it within a month?
Well, probably. If I bought and sold a few machines I guess.
If I gave you a million, could you double it within a month??
It's faultless logic. I think the key to it is removing mental barriers (without going into full blown buzzword packed buisiness seminar mode, which I hate). He's offered to finance me any machines I want (and has the spare capital to do it.) He's also offered to finance and advise me buying a building plot and developing it, then splitting the profit. There is no ulterior motive to his offers- I've known him long enough to know that he is a true mentor, who wants to help from his heart, because he sees potential in me. I'm working really hard on changing my attitudes and removing mental barriers. It's fucking difficult, but if you look at it from a logical point of view it's hard to see why.
I need to start running more jobs at less profit, and scale up. £900 a day profit might sound great to many of you, but it's taken me ten years to get to this stage, it's not every day (more like £300 average every day) and I don't want to have to be on site. I hate it half the time. My job needs to be to find the work, and find the right people to do this work for me- I already have the tools. My newfound bitterness can only help. In my trade you're often dealing with rough sorts, chancers and idiots when searching for staff. I can turn on the charm (without being smarmy) and present as knowledgeable, professional and reliable to my target affluent customers without any problems. The bitterness is needed to deal with the other side of my sort of business.
I'm not the best at putting my thoughts to paper, but I hope this makes some kind of sense and helps my RVF brothers.
They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety- Benjamin Franklin, as if you didn't know...
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The Entrepreneur / Business Owner's / Self Employed Lounge
12-15-2018, 03:25 PM
Quote: (12-15-2018 07:18 AM)roberto Wrote:
Can't believe I was the last person to post here.
Since my last post, I've totally smashed that £900 day with a profit after labour and materials of £2k for one days work with three men and a machine. Then two days later I did another job (of a type I don't particularly enjoy) with one guy and a machine and made another £900 profit after materials and labour.
The one ovveriding thing that I would say has changed over the last few months is my attitude. I now put 40% profit onto jobs when quoting automatically, and my attitude is 'if they can't afford it I don't want that customer'. This is genuine, and what's behind it is the realisation that I can do one job like I did earlier ths week and make the same money as if I was grafting all week.
A few choice titbits I've picked up recently. Can't remember where this was from but- 'you're either the hater or the hated'. Simply put, people hate upon those who are sucessfull. I'm guilty of it myself. Rather than try to cultivate feelings of admiration for more successful rivals (I find this happy clappy stuff tiresome and not really congruent with my personality), I've just become somewhat bitter, not to them, but to anyone who gets in my way. This includes- customers who are timewasters, customers with low budgets, people whom you only see when they want something and people who come to see you during work time but don't offer anything of value. The end result is that these people wind up hating on me. Good. You're either the hater or the hated. Only one of those types makes money. My main local rival is almost universally hated- except by customers, who praise him for delivering what he promises! Every month he has a new machine, and rumour has it without finance also.
I was so enthused by my recent change in attitude that I paid a visit to my mentor last night. This is the guy who sold me my first machine on tick, even though I was scared of borrowing money age 18, because he wanted me to see what was possible. I've been a long time coming round to embracing his entire philosophy, but I'm getting there. A favourite question of his is this:
If I gave you a tenner, could you double it within a month?
Of course I could.
If I gave you ten thousand, could you double it within a month?
Well, probably. If I bought and sold a few machines I guess.
If I gave you a million, could you double it within a month??
It's faultless logic. I think the key to it is removing mental barriers (without going into full blown buzzword packed buisiness seminar mode, which I hate). He's offered to finance me any machines I want (and has the spare capital to do it.) He's also offered to finance and advise me buying a building plot and developing it, then splitting the profit. There is no ulterior motive to his offers- I've known him long enough to know that he is a true mentor, who wants to help from his heart, because he sees potential in me. I'm working really hard on changing my attitudes and removing mental barriers. It's fucking difficult, but if you look at it from a logical point of view it's hard to see why.
I need to start running more jobs at less profit, and scale up. £900 a day profit might sound great to many of you, but it's taken me ten years to get to this stage, it's not every day (more like £300 average every day) and I don't want to have to be on site. I hate it half the time. My job needs to be to find the work, and find the right people to do this work for me- I already have the tools. My newfound bitterness can only help. In my trade you're often dealing with rough sorts, chancers and idiots when searching for staff. I can turn on the charm (without being smarmy) and present as knowledgeable, professional and reliable to my target affluent customers without any problems. The bitterness is needed to deal with the other side of my sort of business.
I'm not the best at putting my thoughts to paper, but I hope this makes some kind of sense and helps my RVF brothers.
Roberto
I love your energy. My father used to say the same thing about haters and he’s spot on and so are you.
900 profit days are good, keep at it and keep to your 40% rule. Anyone who can’t afford it you don’t want as clients.
I’m not posting here much because the snow has arrived and it’s money season.
Keep at it man. I’ll pm you.
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The Entrepreneur / Business Owner's / Self Employed Lounge
12-17-2018, 07:04 AM
Living abroad and chilling right now. I'm like Roosh in that I structure my life around campaigns. So right now I'm enjoying the fruits of my labor from prior campaigns, and everything is great, but in life, it's important not to become complacent.
So this idle period will give way to another campaign, the details of which have been coming together in my mind over these last few months, in general, and over the last few weeks, more specifically. This new campaign is going to require a very large amount of time, involves several disciplines, and will culminate in a new business. If the business fails, all of the time to be invested/knowledge to be gained is directly translatable into other endeavors I'm interested in, so it's a solid ROI proposition regardless of the outcome.
This post marks the start of a new campaign.
It's wartime again.
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The Entrepreneur / Business Owner's / Self Employed Lounge
12-19-2018, 06:18 AM
Quote: (12-17-2018 07:04 AM)Spaniard88 Wrote:
Living abroad and chilling right now. I'm like Roosh in that I structure my life around campaigns. So right now I'm enjoying the fruits of my labor from prior campaigns, and everything is great, but in life, it's important not to become complacent.
So this idle period will give way to another campaign, the details of which have been coming together in my mind over these last few months, in general, and over the last few weeks, more specifically. This new campaign is going to require a very large amount of time, involves several disciplines, and will culminate in a new business. If the business fails, all of the time to be invested/knowledge to be gained is directly translatable into other endeavors I'm interested in, so it's a solid ROI proposition regardless of the outcome.
I hear you. I can feel myself approaching burn out. I need to do some serious chilling over Christmas to be in a fit state to attack the mountain of work we have booked for January as well as hire more staff and find more work.
This post marks the start of a new campaign.
It's wartime again.
They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety- Benjamin Franklin, as if you didn't know...
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The Entrepreneur / Business Owner's / Self Employed Lounge
12-20-2018, 01:53 AM
All right.
So today I messaged my prior employer and cut off the remote work I was still doing for them on a regular basis. It was only a few hours a week, super simple, enjoyable work, but I found it was going to be a distraction from my current campaign. So with the aim of streamlining things, of increasing my focus on the campaign, I nixed that work going forward, I cut the tether.
The reason I kept doing the work was because even though it was only a few hours, it provided a tether for me to the company. So that tether meant I could easily jump back in, when I got back to America, to work that I really enjoyed.
However, as I spend more time abroad, I'm realizing more and more that finding a nice LTR is going to take longer than I thought, perhaps more than the one, two, or three years I was initially estimating it would take, and also...that I may actually want to stay abroad longer than even that, regardless. I'm seeing opportunities I can take advantage of and adventures I can have.
Life is good.
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The Entrepreneur / Business Owner's / Self Employed Lounge
12-25-2018, 01:52 PM
Since October, I have been self-employed. I've investigated a couple of options for income, but the only one that has provided a consistent income has been doing caption work. The money is well below minimum wage and to even earn that I have to work seven days a week, usually around 50-55 hours a week in total. And I'm still nowhere near as stressed or as unhappy as I was in my 37 hours a week job.
I'm going to hit the affiliate marketing and freelance copywriting hard in 2019. I don't want another job unless I absolutely have to get one.
I've wanted to be my own boss for years and my recent experiences have only convinced me that this is the path I would be happier pursuing.
"The only purpose for which power can be rightfully exercised over any member of a civilised community, against his will, is to prevent harm to others...in the part which merely concerns himself, his independence is, of right, absolute." - John Stuart Mill, On Liberty
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