/biz/ - Business & Finance

yes, gib monee pls.

I've been considering making a startup for a while, oddly enough with some guys I met on 4chan

And no, I won't tell you where we are or what we plan on doing

>>5973
Yes. My advice: don't. It took three years for us to feel like we're growing, but it's still not really making cash.

Yes. I've worked on many startups. Failed many times, but also been very successful.

My first successful startup was in the distribution industry. We sell various products at wholesale and now have a network of vendors around the world.

I'm now working on a Cryptocurrency business.

>>5973
Yea, i have a kickstarter for a game i haven't even written one line of code...

Suckers.

I'm one. Co-founded an online luxury marketplace and advisory service. In practice, this means we went to a bunch of high-end luxury products/real estate dealers and convinced them to list their stuff on our site. Anything they sell via us, we get a commission.

Main problem has (predictably) been convincing rich people to buy off a site they've never heard of. Fortunately, we're convincing a billionaire university alumnus to help us out in this regard. We're also trying to expand the "advisory" service to include other stuff we find we're better at. I have a feeling we'll end up as consultants/marketers.

>mfw a sale

>>7278
Don't scare me man, I actually am trying babbys first startup.
>>7274
>Some guy I met on 4chan
Some guy I met on /pol/ is funding my prototype, its funny how tripfags and anons on a website full of various topic boards somehow find eachother.

>>5973

Fuck startups. It's just a hyped-up term for general small business. When you have a business plan, step-by-step growth methods, low-risk ways of making money, and a well defined market base, you have a small business. When you don't know what you're doing, have no idea how to make money, and instead depend on getting investors to give you millions of dollars you don't know how to use, you have a startup.

>>7344
>>7324
legit question from you guys, did you drag in legitimate high value investors, and how did you do it?

What were your low points and high points? My furniture is literally in storage on the other side of my country because I had to move to make actual money, to throw at my idea while my partner finishes school. I work two jobs, sleep on a mattress, etc, etc.

Will it get better guys? Is being an evangelist for your product enough to at the very least gain some traction?

I'm working for a health care metrics company. Just a few years old.

Got hired because the sysadmin couldn't into C and needed to hack the kernel.

I get paid about $500 a month for about ~20 hours of work. That and stock options.

We're starting to grow, but it requires absolute caution.

At the same time, I enjoy startup culture: everyone knows everybody else, and there's that drive to succeed.

>>7353
Are you a dumb enough chucklefuck to ignore my advice? Stupid enough to go on? Already sank money like a retard? Then realize that the first few years are pain. You will be sleepless, you will come to hate your partners, even if they are close friends. Especially if you're close friends. I won't tell you about the actual business side since you didn't say or I don't care what you do, but realize that you will be poor and when you think you start to make money, some expense will rise and will suck it. If you make it out alive, you'll most likely be off better than your peers.
More free advice: know who your friends are. Parasites are drawn to fresh meat.

>>7353
All I say is we were all tripfags at one point. Kinda scattered and disorganized as it stands, but we'll either kick things off or scrap it entirely in the next year or two. It'll be interesting to see if it works out

Is it possible to start a brokering company for crypto currency?

Would it be way too difficult to try and sell doge coins to Mr Bob?

>>7436
We have a few guys who already had capital (me included). No idea how to find those sorts of venture capitalists

>>7612
It's perfectly possible, but you'd have to have somewhere on the order of about 5 million to begin with, I'd estimate

I was thinking on either opening a development studio or publisher for video games. Like, in publishing and advertising video games or making them on commission.

>>7626
Would yet high volume of coins for such little money actually be a pro? Or will it just seem like I'm selling Zimbabwe bonds?

>>7436
Friends and family. My uncle, who cashed out on his successful used car parts business, loaned us some cash for the merchandise (though it got sunk into making the city happy because our building wasn't quite up to their standards). Other than that, it was a traditional mortgage. We didn't get millions from investors.
>>7482
Oh, and some other things: sometimes your enemies turn into allies and your allies turn against you. For us, our closest competitor, and a well known asshole, actually set us up with some good suppliers and refers his customers to us if he doesn't have the merchandise while someone that we worked with before we started took away a good amount of customers and tossed us aside.

We sell used auto parts if anyone cares.

Using picture for reference. Trying to come up with a tripname.

>>7436
>did you drag in legitimate high value investors, and how did you do it?
Didn't. Most of the money is from family/friends. The rest came from a professor at the business school whose a serial entrepreneur and one rick kid from Kuwait whose father is millionaire real estate mogul. So basically all networking while at college.

>What were your low points and high points?
The aforementioned problem regarding attracting rich people to something they've never heard of before, trying to keep my business partner (who is the majority owner & runs most of the stuff) in line because he can be reckless and rushes into situations unprepared, and finding good talent to do the IT work (especially at a university without a good CS program). Oh, and time. Being a full-time student AND running a business? Hard.

>Will it get better guys? Is being an evangelist for your product enough to at the very least gain some traction?
Depends on the business and product. Honestly, both me and my partner want to flip this and move onto other things. Though we realize it'll take 2 or three years. Thankfully, the business itself should (in theory) become easier to handle once we get sufficient traffic and sales.

>>7726
There is no reason to use a trip.

So, any advice on setting up 401k accounts? We have no actual employees yet (officially), but once he get him in as a legit employee, we're thinking of giving setting something up for ourselves and him.

How the fuck do you a get startup when you have no capital?

>>7822
Web business.

Else get a loan.

>>7822
Networking. In other words, make friends. Or talk to a loan shark.

I have a question.
Do you need some kind of license/certification to start a business, or can you just provide services and have people pay for them?

>>7909
Depends. Locally, all you really need is a tax ID, and the local municipal government gives it away like candy.

You do have to do something with it though, and show that you're doing something.

>>7940
So I can't just make a website and get going?

I just launched a start up, and I'm having some troubles getting users to come to my website. I might have to do more advertising.

>>8217
Maybe not at the start. If you start picking up, you'll probably need it.

>>8238
Have you considered social media?

>>8336
Started a facebook page, and a twitter. It's starting to spread a little bit but more users are liking the page rather than signing up.

>>7726
Avatar fagging is against the rules.

>>7822
I stole shit and pawned it

>>7822
Pick up cans. See if anyone has some scrap metal they don't need anymore.

>>8217
No municipality is going to care about your blog.

Businesses use up infrastructure that cities have to pay for. Websites use up private bandwidth that is between you and your service provider. If they made you buy a business license for an unincorporated website, you should move because you live in a place that is worse than Nazi Germany.

>>8217
if you are asking about the logistics of licensing, yes you can just start a website and get going

some areas may need licensing but in most places this can be done online - check your ministry of finance website or just google "starting a buisness in - followed by your state" then look for the site with .gov

>>8217
I'll give you an example of where I live to run a 'legitimate' business.
-Home business? That's a developmental permit, $50 for small $103 for large.
-Business license, ranges from 185 up to 4500 depending on the business.
-provincial license, some businesses require them, thats another 60-1k

And getting a tax account number is free of charge, however you must file with the CRA every year, and any amount made over 30k means you get taxed and you have to charge a sales tax/incorporate it into the final cost of your product somehow.

But this is only if youre serious. Always expect the taxman to hunt you down somehow, because its the taxman, but dont loose sleep over it.

>>8739
ouch, Alberta sucks, in Ontario you can start a sole proprietorship for 60 bucks and just go

And if it hasn't made over 40 k yet, you don't even have to register or pay the 60 dollar fine. My advice would be don't worry about the licensing bullshit, that can come later once you start really making money, just do it

>>8739
>>8784
So if I'm just this one faggot who's charging people to edit their papers I can just take cash under the table?

>>8784
Oh, I still had to doll out that for a named company. I guarantee you *EVERY* municipality has these fees in Ontario because the province has taxed businesses into the ground as is.
>>8813
If youre not making a whole boatload of dosh, yes.

>>8896
>If youre not making a whole boatload of dosh, yes.
define ``a boatload'' pls

>>9063
POST POTLEL
DO IT FIGGOT

>>9063
Something he wont see for a very long time, if he's lucky.

>>7274
We all know you're doing gay porn. It's not like you have to tell us.

>>9063
AWESOME HAHA OMG WEW
CHECK MY flubs

>>9100
and if you think those flubs were good, check my SINGLES

>>9076
>>9100
>>9114
im serious guys :(
if I make like $1000 im in da cler? Right?

/biz/ get, s4s a shit