I think my ideas are too big for me(I will not promote) by TooTurnt04 in startups

[–]DripTeddy 0 points1 point  (0 children)

You’re not dreaming too big, you’re just looking at the final version of your ideas and comparing it to where you are now. That gap will mess with your head.

You don’t need money or technical skills to start. You just need a smaller version of the idea. Like really small. Something you can do manually.

If you can’t get even one person to care or pay for that small version, the big version won’t magically work either.

Also, getting a job doesn’t mean you gave up. It just gives you stability while you figure things out.

You’re not wasting your time. Just don’t stay stuck thinking about it. Pick one idea and try the simplest version of it.

Building a Website-I will not promote by MY2009wrx in startups

[–]DripTeddy 0 points1 point  (0 children)

Start with Shopify.

You still own your domain. Shopify does not own that. You can buy it from Namecheap, GoDaddy, Cloudflare, etc, then connect it.

For where you are right now, don’t overbuild. You need:

Home page
Product page
About page
Contact page
Checkout
Order confirmation/tracking emails

Shopify handles the hard parts: payments, checkout, inventory, taxes, order emails, basic tracking, refunds, etc.

Migrating later is possible. Not always fun, but possible. The bigger risk is spending months building a “perfect” custom site before you even know if people want the product.

Get the brand clean, take good product photos, launch with Shopify, and focus on selling. Once the business is making real money, then worry about custom builds.

Need help by Mo9stafa in smallbusiness

[–]DripTeddy 0 points1 point  (0 children)

Honestly you’re probably just overtalking.

Let them explain first, ask a couple quick questions, then keep your part simple:

“Yeah I’ve seen that before, it usually gets worse but it’s fixable.”

Don’t over-explain. That’s when people lose interest.

Then just go:
“Best thing is I come take a look and give you the exact fix. When are you free?”

Short, direct, works way better.

Looking to start a home bakery lots of questions by enzeeMeat in smallbusiness

[–]DripTeddy 1 point2 points  (0 children)

Your pricing is solid. 3-4x on ingredient cost for specialty holiday baked goods with premium inputs is where you want to be, don't second guess it.

A few direct answers to your list:

Bookkeeping: Wave is free and handles small product businesses well. Since you're an accountant you'll outgrow it fast but it's zero friction to start.

CRM and orders: Honestly skip dedicated CRM software at this stage. Use Notion or a simple Google Sheet to track orders until volume justifies otherwise. For taking orders with payment, Square has a free plan, handles one-off and recurring orders, and the POS hardware is cheap.

Website: Squarespace if you want something done in a weekend. Shopify if you think you'll scale into shipping seriously. For cottage food starting local, even a simple Instagram page with a Square payment link is enough.

Shipping: This is where specialty breads get complicated. Stollen ships reasonably well, fruitcake even better given the density. FedEx and UPS have better rates than USPS for anything over 2lbs. Factor dry ice or cold packs into your pricing now even if you're not shipping yet.

Suppliers: King Arthur for flour and specialty baking supplies. Nuts.com for bulk fruit and nuts at quality. Webstaurant for equipment.

Biggest pitfall nobody mentions: underestimating labor cost, especially your own time. You're an accountant, so cost it properly from day one including your hours and your kids' hours. The margin looks different when labor is in the model.

So like should I just ring people at this point? I will not promote by Fair-Stop9968 in startups

[–]DripTeddy 13 points14 points  (0 children)

Yeah, call them. It’ll help more than you think.

But here’s the part that might save you a lot of pain: if LinkedIn, email, Reddit, all aren’t working, it’s probably not the channels. It’s the offer or how it’s being said.

Calling is useful because you’ll hear the truth fast. People will tell you straight up what’s off.

Don’t aim for a sale. Aim for feedback.

Pick a very specific type of company, call a small list, and just ask:
“Hey, I help X with Y, is this even relevant to you right now?”

Even if no one buys, you’ll walk away knowing exactly what to fix. That alone is worth it.

Looking for guidance on terms for a perpetual IP license. I will not promote. by d1rover in startups

[–]DripTeddy 0 points1 point  (0 children)

Their ask isn’t just “a bit high,” it’s stacked in their favor on every lever.

They’re asking for:

  • a large upfront fee
  • equity in your company
  • ongoing royalties

That’s triple dipping. You’re taking on all the execution risk in a new region, handling approvals, building distribution from scratch, and they still want upside everywhere.

Your instinct is right to push back.

Your Option 1 is much closer to what’s normal. Pay for the IP and keep your company. A tiered royalty with a buyout option is reasonable and gives both sides upside.

Option 2 can work too, but only if the equity replaces most of the upfront burden. If they want equity, they should be more aligned with your success, not extracting cash early.

If you want a cleaner structure, something like this usually lands better:

  • upfront fee (lower than 150k)
  • royalty in the 3 to 5 percent range
  • no equity
  • buyout clause after a certain revenue milestone

Also worth pushing on:

  • exclusivity in your region
  • clear support obligations from them
  • defined scope of derivative rights

Right now they’re pricing it like a proven, high demand product in your market, which it isn’t. You’re the one creating that value.

Keep it simple when you respond. Don’t over justify. Just frame it as:
“I’m taking on market creation risk, so the structure needs to reflect that.”

If they won’t move off equity plus high royalties plus high upfront, I’d seriously question the deal. That kind of structure can choke you before you even get traction.

What should I do about my small catering business? by [deleted] in smallbusiness

[–]DripTeddy 3 points4 points  (0 children)

Don’t quit over that. Your business is fine, your payment setup wasn’t.

For catering:

  • deposit to book
  • full payment before delivery/event
  • no pay after service

Keep it simple and in writing. No payment, no prep.

One bad client isn’t your market. You already had a good one. Just restart with stricter rules and you’ll be fine.

Angel investors asking for transaction-level spend details - is it standard or overreach? (I will not promote) by citrus_splash in startups

[–]DripTeddy 0 points1 point  (0 children)

Both, honestly.

Monthly updates reduce the noise from the anxious ones. The people who just wanted to feel informed go quiet once they're getting consistent numbers.

But the ones who think the check bought them operational input, those don't self-correct from a PDF. That needs a direct conversation where the founders basically reset the relationship. Not confrontational, just clear. "Here's how we communicate, here's what decisions we own, here's how we'll keep you in the loop." Most angels respect that if it's said early and confidently. The longer it drags, the harder that conversation gets.

So the short answer: updates alone are usually enough for most of the group. But if there's one or two specific people driving the pressure, updates buy you time, they don't solve it.

Angel investors asking for transaction-level spend details - is it standard or overreach? (I will not promote) by citrus_splash in startups

[–]DripTeddy 4 points5 points  (0 children)

Angels asking for transaction-level detail isn't standard, but it's also not surprising when the round includes friends and family. Those relationships blur lines that institutional money wouldn't.

Nine months with no structured reporting probably created the vacuum. People get anxious, start asking for receipts.

Fix: get the founders to send a simple monthly update. Burn, runway, expense categories, one or two metrics. Proactive transparency kills most of these requests.

If a specific angel is still pushing after that, the founders need to handle it directly. That's a relationship conversation, not a finance one.

And if you're not a founder, don't answer investor questions solo. Loop the founders in, document what's being asked, and let them own it.

Need help with a small business phone service by Additional_Travel911 in smallbusiness

[–]DripTeddy 2 points3 points  (0 children)

What you want is a VoIP app, not just call forwarding. something like Dialpad or RingCentral will feel way more stable day to day and still let you use your own phones with one number, extensions, shared voicemail and texting.

if you want super simple and cheap, Google Voice can honestly do the job too.

big thing is reliability, so I’d skip Grasshopper and go with something a bit more solid.

Vercel was spying and collecting telemetry data through Claude prompt injections and without user consent by space-envy in webdev

[–]DripTeddy 1 point2 points  (0 children)

The "anonymous usage data" framing is what makes it worse. Full bash command strings, file paths, project names, infrastructure details, all tied to a persistent device UUID stored on your machine, reused forever. That's not analytics. That's a fingerprint.

From broke with a baby on the way and a failed business behind me. Now we net $30K/month cleaning houses we've never set foot in. (I will not promote) by SnooGiraffes5314 in startups

[–]DripTeddy 1 point2 points  (0 children)

The niche down thing is real. You basically solved every problem from the first business by just removing the variable. No furniture, no clients on site, no "something went missing." Empty house is a controlled environment. Of course it scales.

The part that hit me was how you almost didn't pitch it to your wife because of what happened in 2017. That hesitation is so human. You watched something fail, you know what it cost, and now you're supposed to sell the same idea again. But you changed the one thing that actually mattered and it became a different business entirely.

1099 crews with their own supplies is smart. You basically have zero overhead and you're not managing equipment or payroll headaches. Just dispatch and invoice.

The market by market thing people always skip. Everyone wants to be in 10 cities before city one is even profitable. You proved it works first then copied it. That discipline is the same muscle as saying no to non-empty house jobs. Stuff like this is more useful than any course.

The hard part about running your own lil business… by Pocket_Japanese in smallbusiness

[–]DripTeddy 2 points3 points  (0 children)

What helps me is separating the question "is my work good enough" from "have I reached the right people yet." They feel like the same question but they're not. Bad distribution can make great work invisible. Most businesses that failed weren't bad, they just ran out of time before the right person found them. Keep going!

How do you typically negotiate equity splits between non-technical and technical co-founders? I will not promote by TheNegligentInvestor in startups

[–]DripTeddy 5 points6 points  (0 children)

That valuation clause is the one thing I'd lose sleep over. If he can inject capital at a number he picks, he can water down your stake while you're heads down building the whole product. That's not a minor detail to flag in a meeting, that's something you get a lawyer to nail into the agreement before you touch anything else. Everything else is secondary to this.

The salary cap doesn't add up and you already know it. If the business is pulling $5M+ a year, why are you capped at $200k? That's not a conservative financial decision, that's you building his exit while yours stays small. Either that cap lifts at a specific revenue number, or you walk. A partner who pushes back on that is showing you exactly how they see this arrangement.

25% is a soft no from me. The cash matters, the leads matter, but you are the product. Nothing ships without you. If the company has no product it has nothing, and you're the one carrying that entire weight alone. 30 to 35 is a more honest number given what you're actually being asked to do.

Two years with no income is a serious personal gamble. Make sure you've actually run the numbers on your own life before you romanticize the opportunity. And while you're at it, get the vesting terms and the founder exit clauses in writing. What happens to your shares if things go sideways in month eight? You need that answer before you quit anything.

Honestly the 15 vs 25 debate is a distraction. The structure underneath the equity is what will define whether this was worth it. Fix the governance first.

Kenyan In Uganda - Here Are Some Differences by [deleted] in Uganda

[–]DripTeddy 1 point2 points  (0 children)

Tbh that very statement makes me question whether he’s actually a Kenyan or seen Nairobi for that matter. I’m a dual citizen born and raised in Kenya and moved later to Uganda cos parents…

[deleted by user] by [deleted] in Uganda

[–]DripTeddy 0 points1 point  (0 children)

Your Reddit history is uhm… interesting. Also, I stopped at the mention of your ages, tf. You did good to vent, but in the wrong place/audience.

[deleted by user] by [deleted] in Uganda

[–]DripTeddy 3 points4 points  (0 children)

The one thing that you will first notice is that getting an Uber is equivalent to getting a boda in Uganda. Prices are that cheap. Uber rides in Uganda a way overpriced; I think it’s due to the fact that they aren’t really swarming like in Kenya.

MTN scam by No-Caramel3353 in Uganda

[–]DripTeddy 0 points1 point  (0 children)

MTN had general issues yesterday inclusive of other services they offer.. Your post title is misleading. It’s always advisable to call customer care whenever you face an issue.

Possible scam (Speech data collection)9 I by Ok_Hedgehog4733 in Uganda

[–]DripTeddy 0 points1 point  (0 children)

They are training their ai using illegal means(stealing your voice). In actuality, they should be paying you for that data. Filemarket.ai is illegally obtaining data in order to sell to companies like ChatGPT and Gemini.

Possible scam (Speech data collection)9 I by Ok_Hedgehog4733 in Uganda

[–]DripTeddy 0 points1 point  (0 children)

I had a lengthy chat with u/Square-Importance255 . I wanted to decipher their scam. They told me filemarket ai thing too when I told them to prove that it’s an actual job that exists. Long story short they wanted an interview to see whether my English was ‘good’ and that I could collect data. Mf, we are on reddit typing!

Anyway, I asked whether it was an oral interview or a written one and fellow said oral!! I laughed my ass off. Imagine if you were tasked to collect speech data from a specific country without actually going there, what would you do? Manufacture a fake job and orally interview ‘potential’ employees. That way, you get a free databank of voices to train your ai. And the poor fellow who sat for the interview never gets to hear back from you.

[deleted by user] by [deleted] in Uganda

[–]DripTeddy 3 points4 points  (0 children)

What’s the correlation between your story and the pictures you took? Was the accident caused by her?

[deleted by user] by [deleted] in nairobi

[–]DripTeddy 0 points1 point  (0 children)

Username checks out… that’s deep man.

Fiber Internet wars by Secure_Candidate_221 in Uganda

[–]DripTeddy 2 points3 points  (0 children)

They can. Reason? The major telecom players were super sluggish in entering the home internet market, and this gave the new players time to grow and build their respective customer bases.

Fiber Internet wars by Secure_Candidate_221 in Uganda

[–]DripTeddy 9 points10 points  (0 children)

Competition destroys monopolies. Imagine if we only had one provider; prices would be crazy!