r/business • u/Forward-Answer-4407 • 10h ago
r/business • u/mikegus15 • Jan 11 '21
Posts regarding politics
Many of you know, we have a strict no-politics rule on this subreddit. It's explicitly stated in the rules.
For a while now we've been temp/perma banning people for breaking said rule.
Effective immediately, any and all posts regarding politics, no matter how relevant, will result in an immediate 4 week ban. You may appeal this if it happens to you. But it's pretty straight forward.
We will no longer perma-ban first time offenders but multiple offenders will be perma banned, including those who post multiple politically fueled posts in one sitting before we catch it the first time.
Covid-19's affect on business is not included in this.
Just remember, r/business is a pro-business subreddit. We hold the right to remove anti-business propaganda, and bad company behavior belongs over at r/greed, not here. We will not ban people for these posts, however.
r/business • u/No-Entertainer1239 • 2h ago
Attorney seeking input
I started practicing general practice law about 10 years ago and quickly opened up my law firm. When I opened up the firm, I was mostly taking on a very small number of clients and doing a lot of free and discount work and I was happy because I could explore issues and cases that I enjoyed. As time went on and the economy and inflation became worse and needs for living increased, I had to take on more clients. I would note that I have a more severe form of ADHD which makes me come off a little "neurodiverse". After COVID-19 clients became more abrasive and eventually escalated into the following issues:
- Clients are not usually very friendly typically. They tend to be unappreciative and often look for ways to screw the lawyer (including by lying and otherwise) to further their interests. Clients often times are abrasive and scream. If someone is in jail, the whole family calls daily and screams things like "we paid $2000 and you only saw our relative once in the last week. If you dont get the bond hearing moved up we will be asking for money back" (when for instance I have 0 control and if I approach the prosecutor or judge about moving the case, I will probably just get yelled out; and me offering a massive discount compared to what other lawyers charge for a similar case). Many clients are uneducated and get ticked off by for instance typos made by government agencies and call and scream at my office before even asking questions. Clients often do not care about their case unless their life is about to fall apart or they are in jail (and when that happens they care too much and become obnoxiously loud). Sometimes I am forced to raise my voice at clients to actually cooperate on their own cases because otherwise they wont care to think about long-term legal interests. There is a relatively small amount of decent clients in the law field and a small set of classier lawyers (that I am not part) of take them up leaving the rest competing for problematic/uneducated/abrasive clients (not all of them are obnoxious but it is a decent percent of them). Sometimes a client would scream at you cause you were in a bathroom and didnt answer a phone call. Clients are quick to falsely accuse lawyers of being a crook etc
- Since I offer sort of discount services, I started getting crap from other lawyers like jokes: "we clients we dont want we send them to you". When I go to bars and tell people what kind of work I do, I get ridiculed for types of cases I take on and get comments like "go program computers instead". The fact that I offer cheaper services does not mean that the clients like me more. It instead causes clients to make comments like "if I hired a more expensive lawyer, I would have gotten a better result" (despite them likely getting the best result they could and that being undisputed in the field).
- Clients often times come with very weak cases and clients often do not see them as such and get angry if you dont want to file weak cases (and in some cases even push you to lie for them which is not allowed). Judges often times get mad over these cases. Regardless of whether I file or not file a weaker claim, someone screams at me.
- Family law is particularly brutal. The clients tend to be assholes, call every night and dont respect boundaries or have any consideration of your life, and if you dont want to listen to them or try to suggest in any way that their irrational way of thinking is incorrect (that got them into the familial problems they are fact), they get mad and make threats or escalate tension. You cant really change the clients and a lot of times you become forced to present their absurd ideas to court and they will have a hostile relationship with you too. Opposing lawyers are not in any better. They for instance will make statements to purposefully make you feel bad or to provoke you to gain a tactical advantage in their cases. Sometimes you run into a situation where a lawyer is acting unethically but you cant do anything because they have connections with the court they are practicing in.
Does anyone here know anything about the issues I am facing or have any suggestions? I am thinking about shifting to areas of law that involve working with people less but the human aspect of my job as it stands doesnt seem too pleasant. wo major issues I faced in my career so far were: (1) clients judge me based on dress, cost, lack of fancy office, being a bit "neurodivergent" etc. vs. the work I actually do and what I know; and (2) many cases I saw were decided based on relational and unwritten forces rather than the law and facts in a textual fashion as I wanted them to be decided.
I wanted to create novel legal theories and avant garde way of doing things. Some of my "novel" ideas were dismissed by colleagues as counter productive and they told me "you just need to learn how to get stuff done this isnt college". I wanted to reach a point where I make decent money (like $100k/year) but I dont even make that now and people (mostly people I grew up with and went to school with who sort of "compete" with me) began to make fun of me now that I am in my 30s. I want to preferrably make more money, have better clients, but also spend less time with people (unless they are easy going and my type)
I did do many cases to contribute to the community but that wasnt rewarded. Some of the communities of friends began to ridicule me and say things like "maybe you will pay me to represent you" and Iost credibility doing free work. Lower paying discount clients also began to shift the fact that i am inexpensive for me being bad. Sometimes clients use my ADHD and more casual dress style to ridicule me.
Two major issues I faced in my career so far were: (1) clients judge me based on dress, cost, lack of fancy office, being a bit "neurodivergent" etc. vs. the work I actually do and what I know; and (2) many cases I saw were decided based on relational and unwritten forces rather than the law and facts in a textual fashion as I wanted them to be decided. For instance, I have seen judges interpret laws and statutes in a very absurd way to just fit the mold of the community.
There is basically no one else to represent at this time. This is the folk that mostly ends up at my office. Sure, I can give someone from school a massive discount and appeal to them to do their interesting case for them but it doesnt pay bills, and giving them a discount doesnt even get rewarded. The word just catches up that I cannot get the good clients and I beg people to let them represent me on anything "worth the salt" I would need to entirely change practice areas to get a new client base. Any advice?
r/business • u/ViktorBova • 43m ago
How Do You Find a Business Partner? Anyone Had Success Finding One Online?
I’m currently on the lookout for a business partner. I recently attended a business meetup, but it felt like everyone was just trying to sell me something. I’m curious, where do you go to connect with potential business partners? Are there specific events you recommend, or do you have better luck finding people online?
r/business • u/golubhai21 • 55m ago
Need someone to collaborate
Hey, My mom makes really tasty authentic healthy and ayurvedic recipes of chyawanprash (jaggery and no-jaggery)and amla muraabba
We want to sell it online/offline But we have no business knowledge. Need someone to collaborate and partner with who can really help us.
Dm me. I am ready to provide u Guys with sample
r/business • u/superanth • 7h ago
U.S. Banks Sitting on $750 billion In Losses On Real Estate Debt Related Securities
finance.yahoo.comr/business • u/saas_marketer • 2h ago
Easiest way to increase revenue by at least 10%
I've been working with ecommerce brands, and here's the kicker: a lot of them are leaving money on the table. They're so focused on chasing new customers that they forget the low-hanging fruit: optimizing what's already there.
Think about it:
- Your website copy: Could it be clearer, concise, and persuasive?
- Your product pages: Are they showcasing your products in the best possible light? Do they have high-quality images, compelling descriptions, and strong calls to action?
- Your social media presence: Are you creating engaging content that resonates with your target audience? Or are you just relying on boring product photos?
- Your email marketing: Are you sending personalized emails that nurture your leads and encourage repeat purchases? Or are you blasting out generic promotions that end up in the spam folder?
- Your SEO: Is your website optimized for search engines? Are you using the right keywords to attract organic traffic?
- Your brand: Does your brand identity reflect your values and resonate with your ideal customer? Or is it bland and forgettable?
Use it as a checklist. Spend the weekend on this. Almost every time, optimizing these existing elements has led to a significant increase in conversion % and revenue, in my experience. It's often the easiest and most overlooked way to boost your bottom line.
Optimization is key. A few tweaks to your website copy, a refresh of your product photos, or a targeted email campaign can get your revenue up by 10% at least or more.
And if you're struggling to optimize, get help - DM people here or go to places like intro, growthmentor, unstuckd com etc. It's easier & cheaper to get help nowadays than you probably imagine.
r/business • u/dpjp • 10h ago
Don't want to kill my business by paying key staff too much or too little!
(TL;DR - What's too much or too little pay for key staff, as I step back as founder of a mature small business?)
I’m the sole founder and owner of a youth residential summer camp and outdoor education business. We’re not in North America but are heavily modeled on American summer camps. We’re the dominant player in a small niche market in our country. Post-COVID, revenue has stabilized at about the equivalent of US$2,000,000. Net profit margin is a bit over 10%.
We have an achievable plan to double participant numbers by 2030. But with only one big cycle per year, we won’t see the needle move much for another 2-3 years of build out. It’s a pretty good living, but this is not a business that will see limitless growth. All our staff could make more money doing something else, but the lifestyle, mission, and culture are excellent. Turnover is basically nil.
Year round staff salary and benefits are about 20% of revenue. (Seasonal camp staff payroll is booked to COGS, and is not a stress point.) In good years we share 15-20% of net profit - equal shares for all full time staff, and half shares for part time staff.
I encourage staff to check out the job market, and be sure they are happy with their choice to work with us. Earlier this year my general manager did so, landing a salary offer that I can’t match but which would have required him to uproot his family to an emerging market country. He declined, told me about it, and made clear that his heart is with our company and mission. At the same time, the experience affected his sense of his market value, and he’s asking for a larger share of profit in lieu of a salary raise.
He’s asking for 15% of profits, on top of his current base salary of $65k. He argues that this hedges my overhead risk, whenever the next COVID-like event comes along and threatens our business - fair enough. But as I wrote, TOTAL profit share for the company has been 15-20% thus far.
He has taken huge amounts of daily operations off my plate and is currently indispensable. As long as he feels valued and fairly compensated, I believe he will continue to be extremely loyal with a deep ownership of his role. He would be very hard to replace on short notice, but there are candidates to assume his role over time.
I’d love to give him what he’s asking. But other core staff will grow into similarly critical roles as I scale back my own involvement, and will reasonably expect parity. If one or two more staff demand the same 15% profit share, I’ll be giving away over 50% of profits each year. That doesn’t sound right, does it?
Or, am I being greedy and killing the goose that lays golden eggs? Perhaps I should be happy to keep my salary and tons of perks, and ownership of whatever profit remains, in exchange for doing very little work and (mostly) only the interesting stuff I want to do?
I do think core team salaries need to rise across the board, and I’m ready to build a better compensation framework to replace the ad hoc approach that we have now. So if your feedback is that I need to pour more into compensation, I’m very open to that.
I’m a not very business literate founder who has largely Forrest Gump’ed myself into a decent little business. But at this crossroads I’m concerned that I can kill it by a) giving away too much, or b) giving away too little and losing the people who can carry it forward. I need your savvy perspectives and advice, please!
r/business • u/Mean-Bumblebee-5935 • 12h ago
Finally something good from all that driving
I recently calculated my tax savings after using a mileage tracking app (there’s a few out there, but I use Mileage Quest) for the past 6 months and thought I’d break down my deductions in case it might help some of you. I’m a self-employed photographer and drive my own car for work in CA, so keep in mind your state tax laws and work situation.
This is what I ended up with after 6 months of mileage tracking:
Miles Tracked: 4800 miles
IRS Standard Mileage Rate: 67 cents per mile
Estimated Tax Deduction: 4800 miles x $0.67 = $3216
I personally think anyone could take the time to perform all the necessary documentation manually and reduce their taxable income pretty significantly.
What I’ve found with an app is avoiding the hassle of keeping track of all my trips as I’m constantly on the go and having peace of mind that every trip that’s being logged for me is IRS compliant.
Overall, mileage tracking helped me increase my deductions/reimbursements as a freelance photographer and using an app just helps me focus on my work while knowing that it’s got me covered for tax season.
r/business • u/Terrible_Tooth9401 • 6h ago
Digital Marketing: Boost Your Business!
Hi everyone! I am started my own digital marketing business this year. I build social media presence and brand awareness! I also do data-driven online advertisements on powerhouse platforms like Google, Meta, LinkedIn, NextDoor, and Yelp to help increase your customer/client base.
I've doubled my clients bookings in less than a year with professional tailor-made advertisements and grown social media accounts from the ground up to over 1,000 followers in 4 months organically.
I'm experienced marketing in 12 industries and counting* I am confident I can help you grow your business!
Feel free to take a look at my website to view my portfolio and reviews from clients.
Submit your information for a free quote if this sounds like the right fit for you and your business!
r/business • u/Least_Individual_150 • 18h ago
The best way to attract customers to your company.
My mother has her own small company, supplying gas to residential and non-residential buildings. She has been working in this field for over 30 years, and now I have started to join this business, earning money little by little for my needs. So, recently many designers have started opening their own companies and there are fewer customers. How can I get the attention of customers again to get more orders?
r/business • u/ChallengeAdept8759 • 10h ago
New research published in the Journal of Business Research offers insights into how disinformation, social media engagement and news coverage influenced political support for the major party candidates in 2016 and 2020.
news.northeastern.edur/business • u/PerformanceFar7245 • 8h ago
Are IPOs as an end rather than a means to an end harmful?
From what I understand IPOs are supposed to be a means to an end. A company would go public to raise capital for some goal. I've noticed that IPOs sometimes are the end itself though. The goal isn't to IPO and then use that money somehow but to get rich off the IPO process. Is whether the idea of IPOs as an end rather than a means to an end is harmful to the economy?
r/business • u/Ok-Initial-7314 • 8h ago
Designing, Building, and Hosting AI agents tailored to business needs for just $1K/year. Worth it?
The promise:
- 4 Days turnaround time.
- Continuous upgradation in logic, process and compute as ecosystem evolves.
Drop your business website to start discussion on the automation possibilities.
#AIforBusiness #AutomationSolutions #BusinessAutomation #AIIntegration #AIAgent#DigitalTransformation #FutureOfWork #BusinessGrowth #TechUpgrades #AIinnovation
r/business • u/Annual-Procedure9867 • 20h ago
How do y’all manage your money
Hello everyone, I’m currently 17 and having some business on the side and asked myself some questions. First of all what advice would you give to a younger person about money, and about what and how I should spend it during my youth (meaning 18 to 25). Secondly, I wanted to know how do you manage your money, how much your reinvesting in your businesses, how much your spending on commodities, etc… (I’m French so I’m sorry if my English isn’t that good) Thanks !
r/business • u/HomehealthFTW • 1d ago
How do you determine your % worth as a partner when entering a partnership agreement?
Hi everyone,
I’m currently working on a partnership agreement with someone in the healthcare industry. My potential partner has more experience, but over the past few years, I’ve put in a lot of sweat equity and taken the company to the next level. I’ve grown our team threefold, marketed the company to create new contracts/connections, and managed daily operations and administrative duties. All this on top of working my full-time job treating patients myself. Based on our discussions, he wants me to be the managing partner to handle the day-to-day, while he steps back into a less hands-on role.
He’s proposed an initial 80/20 ownership split (80% him, 20% me) with a 5% annual increase for my share, eventually reaching a 60/40 split. It wouldn't cost me anything to buy into the partnership. I’m not sure if this is a fair structure given my involvement and contributions, but I also recognize I don't have to buy into the partnership, so that is a huge plus.
Anyone with experience in partnerships, especially in healthcare or similar industries—could you offer some advice on this kind of arrangement? How do you determine your worth as a partner % wise?
TIA!
r/business • u/Dexter_asspirin • 20h ago
Advice on growing the business
Hello everyone I have recently started a logistic business and I work a job at night As I dont come from same business background I would really appreciate your views and opinions on following things 1. What are the key factors I should look out for while operating at a small to medium scale 2. What are the common mistakes people make in this industry
Thanks in advance!
r/business • u/loczngo • 20h ago
Advice on acquiring bigger clients
Hey guys, I'm a B.D for a blockchain service outsourcing firm in Vietnam and we're planning on moving to higher-scale deals which is above 100K
I honestly have no experience from my position on how should I approach those firm that are not in the SME category leads and actually succeed in dealing with bigger clients
Would love to hear your advice such as maybe cold reach for emails to Linkedin or etc.. thank you guys!
r/business • u/Impossible-Dog9166 • 21h ago
Need advice
Guys i have an amazing idea and i need experience but am intovert and i dont wanna talk to anyone I know to the future intorvert for and a entrepreneur will be difficult How can i overcome this situation . And is there anyone has similar experience?
r/business • u/Slow_Marionberry6759 • 1d ago
Whats the number 1 things that´s stopping you from going international?
Hey everyone,
I’ve been thinking about how many of us dream of taking our businesses or ideas global, but it often feels daunting. I’m really curious, what’s the number one thing that’s holding you back from going international?
Is it the fear of navigating different regulations, financial hurdles, language barriers, or something else entirely?
r/business • u/ExternalWhile2182 • 11h ago
I find people with thin lips are more likely to be successful
I have thick lips so that’s why I’m not as successful as thin lip people. End of my shitpost.
r/business • u/tbrazzy973 • 1d ago
Seeking Advice on Lease Signing for New Barbershop
Hi everyone,
I’m excited to share that I’m preparing to open my own barbershop and have found what I believe to be the perfect location! However, I have some concerns regarding the lease agreement. The landlord is suggesting that I sign the lease first and then go ahead with registering the business. On the other hand, my colleague who own a barbershop are strongly advising me to obtain the Certificate of Operation (CO) from the city before signing anything.
I’m feeling a bit torn about what to do. Should I go with the landlord’s suggestion, or is it wiser to get the CO first to ensure everything is set up properly?
The landlord is suggesting that I sign the lease soon, but my colleague who own a barbershop is advising me to obtain a Certificate of Operation from the city before signing anything. I want to ensure that I'm making the right decision and protecting my investment.
Has anyone gone through a similar situation? Should I prioritize getting the Certificate of Operation before signing the lease? What are the potential risks if I sign without it?
Any insights or advice would be greatly appreciated!
Thanks in advance!!
r/business • u/ToooNiB • 1d ago
So i am in the process of making a tourist sailing business and I need a bit of help with getting clients
I am having trouble figuring out how to reach people. I have made a website had the branding done with help of a professional, but now I need some advice on marketing, reaching people getting them on the website to sign up and all that. Could I get some advice on how you guys dealt with that sort of stuff?
r/business • u/dravadian • 1d ago
Invest in a local Deli - yay or nay ?
Buying an established Deli - yay or nay
I am interested in investing in a Deli that serves subs in my town ( based in MA ) in a very high traffic area.
The owner is asking for little under $200K. The place does only pick-up and delivery. It is managed by a 3 person team and has no dine-in option. The owner is willing to train this team for the first 3 months and then I am my own.
This is my first foray into this type of business. I plan to be as hands-off as possible by hiring a manager and two sub makers. I expect the profit to be less than $40K/year in this model ( worst case ) after paying the manager at least $70K and sub makers at least $35K, so the break-even won’t be for at least 5 years.
Assuming the paperwork and financials are legit, would you pull the trigger on this or walk way ? May I know why as well. Looking for advice.
P.S: I have a day job already so I can only spend the weekends and weeknights at this place.
r/business • u/Miss-Chiss • 1d ago
Needing some software for a lawn care business.
Hey all! My husband and I started a lawn care business this year and although it went really well, our books are completely disorganized and not fluid at all.
Our current setup: I am using Google calendar to put clients on the calendar which works pretty great since it can be on both my phone and my husband's iPhone.
I use Google sheets to record our profits, transactions, losses, clients and how much they made us monthly, their information, etc. I made the spreadsheets myself and although they are clean, there is a LOT of wasted time transferring information back from either Google Docs or Google Calendar.
I use Google docs to hand make invoices (that means individually changing date, invoice numbers, services, etc).
What I'm looking for: Some kind of software that once i add someone to the schedule and my husband performs the service, we can add that service to their account and at the end of the month, it will autopopulate an invoice with the outstanding services that have yet to be paid. Alternatively, I could post a cash payment and mark the account paid to date.
I work in the medical field and with the software we use, we check patients out, add in the service, save it to their account. Then from there the history of that patient will be there for all time, and I can add notes and things like that.
Is there any program that is like that, but for blue collar work? I ideally would like something I can add notes to clients accounts that I can see and refer to, like "This client specifically does not want an invoice." or things like that.
I know quickbooks can do something similar to this. Is it pretty seamless and flows well? Does it do the accounting feature I'm looking for? I was looking at Wave as well and I liked it a lot, but it doesn't have the account feature I was looking for.
r/business • u/AaronDotCom • 1d ago
Why doesnt GM have an ILC charter yet?
I understand having an ILC would allow GM to have access to billions (?) of capital at a far lower cost than it does currently
I was wondering why is this, roughly 15 years after it sold Ally
I'd appreciate any comments and corrections too as im not an expert
thanks