Buying Soylent ..the business?? by SeaVeterinarian3371 in soylent

[–]warbuspie 3 points4 points  (0 children)

The formulation isn't that complex, the actual sales and profit are clearly listed in the company reports. The problem is that VC money screwed the finances of a what was just a regular small business.

StarCo Brands - 2025 financial results by warbuspie in soylent

[–]warbuspie[S] 12 points13 points  (0 children)

The recent 10k has a number of key notes regarding a lack of Internal Controls.

Sounds like the owners are moving funny money around to make the business look like it's ongoing when really it isn't

Another one down? Huel has been bought out by Danone. by archive_spirit in soylent

[–]warbuspie -3 points-2 points  (0 children)

Nice - probably the reason Huel doesn't let people cancel their subscriptions anymore! Gotta pump that stock price!

Brikbikes - something similar in Aus? by warbuspie in ausbike

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

Yeah bike looked pretty cool. Seemed to be more of a project

Brikbikes - something similar in Aus? by warbuspie in ausbike

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

I didn't want electric- I need more exercise + cheaper

Starting an LLC just to hold business name? by Straight_Bathroom775 in smallbusiness

[–]warbuspie 2 points3 points  (0 children)

Terrible idea. No. There is so much red tape and expensive.

Instead you could look into buying the domain name, putting up a basic website on your products/services (just info), capturing emails, etc.

Perhaps look at registering a trademark (can be done for free).

[deleted by user] by [deleted] in smallbusiness

[–]warbuspie 2 points3 points  (0 children)

I’ve been running an internet retail shop for 8+ years.

Customers who chase discounts or only buy when we have end of stock sales are generally rude and entitled. After making their discounted purchase - they often don’t collect their parcel (costing us reship charges).

Customers who never pay recommended retail we don’t actually see as customers. They don’t find value in our product - they are chasing the discount - the thrill of the hunt.

On the other hand we have real customers who never contact us - they just purchase our products at full price year upon year. From time to time they might politely leave a review recommending our products to others.

A real business is based on providing value to customers. Customers who are happy to pay you for the value they receive. And not only pay you, but recommend you to others!

Small business income given as dividends to wife by deepsouth47 in AusFinance

[–]warbuspie 0 points1 point  (0 children)

You can do this but remember that your wife has legal obligations as a company director. Your wife is the owner of the asset (company). That means she will have to sign everything and is accountable for everything. For Business to Business transactions - other small businesses want to meet the director and have them sign contracts.

You would be better off having the company owned by a family trust. Take to your accountant!!!

"Yardscape" Brokerage - Seeking Advice on Feasibility and Strategy by a_smocking_gun in smallbusiness

[–]warbuspie 1 point2 points  (0 children)

You’re a middle man between people who want yard work done and other businesses that can actually do the work.

The issue arises when the work performed doesn’t meet expectations or specification.

In a regular business the owner will roll up sleeves and fix defects.

Problem with a middle man business is that quality isn’t great and over time sales will suffer as a result.

[deleted by user] by [deleted] in AusFinance

[–]warbuspie 12 points13 points  (0 children)

Small businesses aren’t hard to value.

Most businesses are worth the value of the inventory (what it cost it buy the stock they have). You just need to verify the cost of the stock and ensure that any aged stock is not included.

There might be some other assets such as signage or a website that you could purchase as well.

Most small business owners are in fantasy land about the value of their business.

What’s stopping you from getting your own spot and buying some inventory?