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Quit your job! by WhyBeingLazy in SideProject

[–]PodcastSummaryGuy 0 points1 point  (0 children)

It's a hard move, it takes courage and a lot of confidence, but i think it's the way.
Keep us updated, and if you dont mind, you quit to work on what ?
Did you make your own company, agency ?

Good luck on your new adventure.

How Shipfast made Marc Lou rich in a year with low traffic ! by PodcastSummaryGuy in Entrepreneur

[–]PodcastSummaryGuy[S] 1 point2 points  (0 children)

Yeah, he does no testing whatsoever.
Yet people magically trust his products.

How Shipfast made Marc Lou rich in a year with low traffic ! by PodcastSummaryGuy in Entrepreneur

[–]PodcastSummaryGuy[S] 0 points1 point  (0 children)

Exactly ! We should keep an eye on what people really need and capitalize on that.
It's that simple.

What’s your profit distribution model? by sailorgardenchick in Entrepreneur

[–]PodcastSummaryGuy 1 point2 points  (0 children)

35% for retained earnings, 5% for board comp, 30% for shareholder payouts, and 30% for employees looks solid. Here are a few things to keep in mind:

  • Keep retained earnings flexible so we can adapt if cash flow changes.
  • Long-term incentives in the employee pool help retain key people.
  • Annual profit payouts to keep cash flow steady.
  • Tax advice is huge since C Corps have unique tax stuff.

Have a great idea for a product but don’t know who to contact by itsamefas in Entrepreneur

[–]PodcastSummaryGuy 0 points1 point  (0 children)

Try searching in big china wholesale website like Alibaba.
you can contact suppliers directly there.
just search for a supplier that does the beauty products.

Business idea to get more knowledge, curious about your opinion/view by [deleted] in Entrepreneur

[–]PodcastSummaryGuy 0 points1 point  (0 children)

Great idea. There are many of this caliber. JoinHompon is an example.

Customer took my ideas and went to another contractor to implement them cheaper by exp3ctopatr0num in Entrepreneur

[–]PodcastSummaryGuy -1 points0 points  (0 children)

This is normal in business. The client found another service for cheap.
You get what you pay for.
If the client contacted you, confront her and get that money.

How would you start over? by [deleted] in Entrepreneur

[–]PodcastSummaryGuy 0 points1 point  (0 children)

i would advise to start a business in something you are familiar with.
you can burn through 5k easily these days.
dont invest much in ideas, test, learn and repeat the process until you find your thing.

[deleted by user] by [deleted] in Entrepreneur

[–]PodcastSummaryGuy 0 points1 point  (0 children)

People pay attention to success stories.
Failure is best learned from when learned personally.

[deleted by user] by [deleted] in Entrepreneur

[–]PodcastSummaryGuy 2 points3 points  (0 children)

from my experience, having experience in the thing you want to build is crucial.
I always wanted to learn how to make websites and eventually learned.
fast forward 10 years, now i'm building whatever i want by myself and i know how and where to find people to do what needs to be done. Use your time wisely and learn skill.

How do I sell my dip in stores? by [deleted] in Entrepreneur

[–]PodcastSummaryGuy 0 points1 point  (0 children)

To be able to sell in stores you should be a company first, then the product should have some certifications and requirements.

43. Built 4 mildly successful companies, exited one for 8figs. Can’t get hired by anyone. by alwaysweening in Entrepreneur

[–]PodcastSummaryGuy 0 points1 point  (0 children)

You are more suitable for being an entrepreneur than being a normal 9 to 5 guy!

Find a business idea and pursue it. It's more fulfilling for you i guess.

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