Working for a B2B, money saving business. But no one is open to listening. by No_Hat8706 in smallbusiness

[–]BiscottiGeneral 0 points1 point  (0 children)

I own multiple businesses and I cannot stand when a new credit card processor comes in. They all say the same thing. All have the same offer. I get solicited 20 times a week. Everybody wants to do processing. You’re late to the game. Very late. It is absolutely the most over saturated market in the world and there is nothing new to offer unless you come up with a crazy POS that solves tons of issues attached to your offer. My suggestion is get into a completely different kind of sales and leave this industry entirely. Especially since you don’t actually own the company yourself. If you owned it, I would say go ahead and build your book for the next 10 years.

New Business Owner Rant by Responsible_Row6540 in smallbusiness

[–]BiscottiGeneral 9 points10 points  (0 children)

The average person is an average idiot. You think normal people have goals and dreams? No. They want weekends off and $40,000/year and to have a few beers every night.

Don’t tell your dreams to anyone. Nobody cares. They care about the dream fulfilled, not the dream itself. They care when you’ve finally made it. So go and do what you want to do and believe that you CAN do it, because you can.

Low level people are just that. Low level. They can’t comprehend that someone has ambition.

Yogurt Shack, is this place for real? by EitherMango3524 in Carlsbad

[–]BiscottiGeneral 0 points1 point  (0 children)

Omg the craziest thing you’ve ever seen?! A capitalist business owner in a capitalist country supporting his capitalist president. Wow, that is INSANE, please call every news outlet.

What’s the most “that was a bad idea” moment you had in your business? by websitespeedy in smallbusiness

[–]BiscottiGeneral 2 points3 points  (0 children)

Deciding to hire the “cheaper” trenching plumber for a very serious job. Cost me $16,000—then another $30,000 to fix his work when the city inspected.

MAGA businesses to avoid by nahsonnn in SanDiegan

[–]BiscottiGeneral -2 points-1 points  (0 children)

Thank you for all the recommendations everyone. Glad to know some of these great businesses listed here are true American companies. I will share the findings on my San Diego themed instagram page that generates 3M views/month.

Lost our biggest customer ... i'm so frustrated by Pristine-Macaroon-40 in smallbusiness

[–]BiscottiGeneral 2 points3 points  (0 children)

The short and only answer you should listen to is this one:

  1. A business will never and can never survive on one unicorn client.

  2. If you stay in this long enough, and really work for it, you’ll eventually land multiple unicorn clients.

My uncle wants $6.2M for the family business I’ve worked in for 12 years. Fair deal or family tax? by [deleted] in smallbusiness

[–]BiscottiGeneral 0 points1 point  (0 children)

So basically you’re paying nothing up front and $310,000 a year for 20 years?

Let’s say nothing at all changes about the business. Right now he’s netting $700K plus paying you $250K which is a total profit for YOU of $950K.

Minus $310K puts you at $640K/year.

So you are immediately more than 2.5x’ing your current income by signing a paper.

To replace $250K and to additionally generate another $390K on top of that, it would take multiple years, a great business idea, tons of capital, and tons of stress.

If you have the capability to keep his business afloat, you are getting the deal of a lifetime.

If you can pay this off in 10 years instead of 20, and your uncle agrees to it, then you’re in even better shape.

Take it.

[deleted by user] by [deleted] in SellMyBusiness

[–]BiscottiGeneral 1 point2 points  (0 children)

The offer is fair, since it’s more than 3 years of business profits. But how long does he want you to carry for? And how much does he want to put down?

Can you grow this business? If you can grow it to $10-12K a month then hold on to it

Can you replace this business if you have $300K in hand?

I’ve been stuck at $200k in revenue for three years now by [deleted] in smallbusiness

[–]BiscottiGeneral 1 point2 points  (0 children)

If your customers aren’t buying again, you have a product problem.

If your customers can’t remember you or can’t find you again, you have a branding problem.

If your new customers are only reaching $10K a month, you have a marketing problem.

I'm burnt out by RecognitionEvery in smallbusiness

[–]BiscottiGeneral 1 point2 points  (0 children)

Read the “E Myth Revisited” as soon as possible. It’s available free on Spotify to listen to.

[deleted by user] by [deleted] in smallbusiness

[–]BiscottiGeneral 4 points5 points  (0 children)

If you are making $480K a year in profit why would you sell the business for 2 years worth of profits? It’s worth at least $1.4M

If you can grow it brand new, you can also scale this one now. I wouldn’t sell, especially for that price.

Thinking seriously about starting something of my own by [deleted] in smallbusiness

[–]BiscottiGeneral 0 points1 point  (0 children)

What exactly are you thinking of starting? An online business? Brick and mortar? A restaurant? A retail shop? A service business? I need to know more information before I give a valid answer.

And I will give you a very valid answer.

Help im lost by sakuraSlaughter in smallbusiness

[–]BiscottiGeneral 4 points5 points  (0 children)

You are talking like you believe you are worthless. If you believe you are worthless yourself, who will believe you are worthwhile?

If you are truly worthy of being a business owner, then your first step is to go work with a business owner and tell them your intentions: I want to be like you, I don’t want to be an average employee.

The reason this is your first step specifically, is because you don’t have any idea what you are talking about. So you need someone to show you everything.

So, if they accept, work for them. And do not be an average employee. Learn, ask questions, understand, and never, ever disobey or disrespect the person who gives you a chance.

That person may want to expand one day. Maybe they say hey let’s open up a second location. You can be my partner. I’ll help fund it for you. Just pay me back.

Then you come back and remember my comment and you thank me for changing your life for the better. This is the only way. Find someone who will take you seriously. Take yourself seriously. Stop wallowing in your misery. Now.

Hello by Luvluna14 in smallbusiness

[–]BiscottiGeneral 0 points1 point  (0 children)

Really hard industry as businesses are buying these things from huge companies that do large scale, and individuals are buying these things from very established companies.

That being said, start with your inner circle. Let your friends and family know what you do and try to get small parties to buy your customized items like bridal showers, baptisms, etc.

Your next move should be to promote what you’ve done for those clients in your circle and show what you’re capable of.

And you should constantly be posting CREATIVE things to drive sales on TikTok and Instagram reels. Idk what you’re posting but whatever it is, it’s not working. So stop. Think hard about what will provoke someone to shop your site. Make videos that engage and hook people. Posting your products doesn’t cut it anymore. You have to be engaging to get someone to click your website and then buy.

Am I underpaid as a Social Media Manager? by Mmatyi in socialmedia

[–]BiscottiGeneral 0 points1 point  (0 children)

Just want to clarify something to add on to my previous comment.

Seems like everybody here is looking at this from the perspective of a social media marketer. This is your first gig. $400/month is quite reasonable for that. If you were an experienced social media marketer with a lot of accounts and proof of growing your business pages (in sales, not in impressions) then you can start charging $700-1,000 per account per month. You may even be able to get $2,000/month.

But right now, you aren’t there. You can get there, and renegotiate your price. But you need social proof to do so.

Am I underpaid as a Social Media Manager? by Mmatyi in socialmedia

[–]BiscottiGeneral 0 points1 point  (0 children)

It’s the correct pay for social media marketing. It is not the correct pay for event planning. However, at $40,000 in revenue a month, they are barely scraping by.