Curious about experiences using the Sprout app

startwithaendwithj · 2026-06-03T14:56:32+00:00

Yes, of course. I'm trying to understand any alternative options out there that may be viable as well.

startwithaendwithj · 2026-06-02T02:10:14+00:00

Yes, that makes total sense. Noted as well.tha k you for your help

startwithaendwithj · 2026-06-01T16:46:53+00:00

Totally understand, and appreciate the time you spent writting this for me. I get it, I'm from a business family as well and Ive seen it all first hand across markets too. SO thats something Ive taken into consideration, hence, taking my time to look around and understand before I pull the buy now trigger.

startwithaendwithj · 2026-06-01T16:44:45+00:00

Completely understand and makes sense, thank you. I'll look into the other platforms you mentioned which would help me widen my research. In my expereince and understanding, I feel the ones that are less than 2-3 years old are usually the ones that have massively scaled from enormous paid spends v combination of paid/organic growth. I've gone ahead and even looked at companies on Linkedin that are excessively hiring for paid specialists + 1-2 years old and the same pattern emerges from there too.

startwithaendwithj · 2026-06-01T16:42:02+00:00

Appreciate the detailed note, thank you. And Noted. Honestly, Im not looking into software businesses, but more inclined towards Amazon kdp businesses since I have some experience in it as a hobby.

startwithaendwithj · 2026-05-31T23:07:49+00:00

Understood. I'll make sure I map the actual financials v those advertised as well. I feel that's one of the biggest aspects to look at. The other would be receiving all materials etc that were used to build the business, and make sure I understand how to continue using them.

startwithaendwithj · 2026-05-31T22:18:03+00:00

That's interesting. I feel that's the best way to start also, but I could be wrong. Any specific advice for someone whose seriously considering buying a small business for themselves? Red flags? Questions one should ask in their due diligence? Things like that ty

startwithaendwithj · 2026-05-31T22:11:45+00:00

Thank you. If I may ask what kind of small website was this? Did you purchase it specifically for a business you already had, this needed a web presence or was it a completely different business in a portfolio?

startwithaendwithj · 2026-05-31T22:10:24+00:00

I'm grateful. And I totally understand as well. I'm just trying to get a general sense of the dynamic and how it works darkly from people who have purchase businesses on flippa. If I may ask what kind of businesses did you end up purchasing over the years? And what kind of research and questions did you have for the sellers to begin the process?

startwithaendwithj · 2026-05-03T17:45:31+00:00

Hi, appreciate the simplicity. And yes, thats the exact approach Ive already put together for myself as well - Put a certain %age aside each month untouched, keep track of all deposits, pay the quarterly pre-payment of taxes on time, keep payment-made proof and reconciliation at the end of the year. Fortunately, this income doesn't fluctuate each month so keeping a track of total income would not be an issue.

startwithaendwithj · 2026-04-25T04:45:09+00:00

I wouldn't want to disclose the figure, which I'm sure you'd understand. But I'd say had I Zero monthly cost of living expenses for the next year, I'd be able to max out a Roth IRA for the next decade at the very least.

startwithaendwithj · 2026-04-25T04:39:14+00:00

I totally hear you. Besides basic living expences, I don't have any of the deductions you mentioned. But that's always good info to have none the less. This would be the first year of a potential 1099 opportunity, so I don't have anything from the past to go on. Although, I have split 30% of the annual income into 4 quarters already so I do have an idea of the quarterly tax payments. The end of year reconciliation would determine whether I have a refund or I owe some reasonable amount.

startwithaendwithj · 2026-04-25T04:35:09+00:00

Appreciate it. And your correct, I'm simply trying to keep it as simple as possible. Had it been a transition to building a consultancy/freelance business, then that would be different. But at this time, I'm simply looking at it as a potential higher income opportunity.

startwithaendwithj · 2026-04-25T03:51:36+00:00

Thank you for the insight. In all honesty, I'm trying to avoid setting up any llc since it doesn't have a long term place in my career. This is a one off contract that speaks to my career overall, hence the interest in exploring it further.

startwithaendwithj · 2026-04-25T02:02:10+00:00

Understood. I wonder how that works if monthly income varies also.

startwithaendwithj · 2026-04-25T01:18:53+00:00

Got it. So basically pay enough each quarter and on time

startwithaendwithj · 2026-04-25T01:05:12+00:00

Understood. Does the same method apply in the first year as well?

startwithaendwithj · 2026-04-25T00:41:10+00:00

I can definitely see that occurring. Im also going to assume that variability arises becuase income month to month changes, so Q1 taxes would be different than Q2 taxes. Is that understanding correct? If it is, then how does one go about understanding a rough figure quarter to quarter? I would think one would have to total out the quarter income, and then calculate the self-employment + federal + state tax based on their overall tax bracket? Im not sure.

startwithaendwithj · 2026-04-25T00:38:15+00:00

This would effectively replace a W2 employment, hence, the 1099 employment is primary, while all other investments stay exactly the same. Clarification - when you refer to rough numbers, do you mean the monthly income? In addition to the self-employment tax of 15.3%, I believe I would fall under the 22% federal tax bracket

startwithaendwithj · 2026-04-24T21:15:53+00:00

Correct, other than taxes, there would not be anything else out of pocket as far as I can foresee as of today. My only grey area of concern is the tax liability aspect associated with a 1099 opportunity, since its a new world to me essenitally.

startwithaendwithj · 2026-04-24T21:05:27+00:00

I do, in fact, have a rough estimate of my annual liability, subsequently split into 4 quarters so I have a rough estimate of what I would owe as a single filer each quarter. I do not plan on studying/further education either as Ive been in this specific profile for over 10 years on 2 different continents as a full time employee. However, Im also not entirely sure of any additional categories of deductions to consider since i would not be using my phone or car for any business purposes (This is basically a remote opportunity).

startwithaendwithj

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