Business Owner Thread

[Anonymous No.20021234]

Who else on /biz owns a startup?

Getting tired of reading all these shitcoin posts.

What do you do/sell and for how long? I run a ecom store selling women’s yoga products and do about $15k a month.

[Anonymous No.20021251]

>>20021234
My startup is simply throwing money into startup shitcoins you know will boom, then take profits on the way up + buy on the way down. Right now I'm just trying to get as much DMG as I can under $1.50.

[Anonymous No.20021265]

>>20021234
I started an NGO and scammed a bunch of executives and techies out of $250k in initial funding. Have no plans on moving forward with my business plan at all from here on.

[Anonymous No.20021293]

>>20021265
Can’t they see how the money is being spent?

[Anonymous No.20021306]

I sell bullets. Reminder that after the last month, guntech is the Next Big Thing™.

[Anonymous No.20021318]

how do I fuck jeff's ex-wife

[Anonymous No.20021806]

>>20021234
Imagine being one of the richest men ever and having an ugly wife

[Anonymous No.20021844]

>>20021234
selling retail online to the public is always a fake business unless you happen to be Chinese and making 10 cents per hour.

[Anonymous No.20022110]

>>20021806
all women become ugly eventually

[Anonymous No.20022118]

>>20021806
her body is nice

[Anonymous No.20022186]

>>20021234
Idk if I count. I'm making a video game. Once, God willing, it gets closer to release I want to check interest levels on my game. If high enough maybe open up a company, in another state. This is to avoid high california taxes taking my gains and to avoid sue happy people. Still have to look into how the company thingy works tho. If my game is succesful enough I can make more games without financial worries albeit id probably stick to solo development for the first few as there are game ideas id like to bring to reality but have to focus on my current one otherwise i set a bad tone of not finishing what i started.

[Anonymous No.20022209]

>>20022186
Post it, I do game dev too you better get ready for failure, you need kike3 years to make any thing decent

[Anonymous No.20022221]

>>20022209
*like

[Anonymous No.20022365]

>>20021234
continuing gods work

[Anonymous No.20022385]

>>20022209
Im about 1 year in. No pics, the gameplay aspect of enemies has yet to be implemented and is about the only big hurdle remaining before i eventually have to get into figuring out how to implememt multiplayer (multiplayer adventure game but can be played solo).

All it has right now are about half the character classes which are in redesign mode with 1 fully reimplemented and working the others nearing completion at which point I either redisgn their abilites or go off to finish the remaining character classes which already have sketches and mental ideas on design of. Weather system is complete in a sense as at this point any new weather systems will require minimal work. NPCs are basically in testing but working correctly. Enemies I have only reached the stage where they detect the player and lock onto the character for attacking purposes. No attacking or actual chasing atm but player abilities are implemented on 2 characters atm and working as far as i can tell. World design is fully completed for 1 major world area, with 2 other major areas nearly complete but need some changes. Due to the design the remaining areas after this should be easier as I have the artstyle more narrowed down. Carrying over player stats has been resolved as i didnt realize certain stuff didnt work right when scenes changed at first. At this rate ot may be another year before it gets to the point where updates are primarily just little things, bugs, or adding more world areas (which means adding enemies too and some changes to code to allow reaching the destination)


Tl;dr no pictures as gameplay is currently not riveting due to no enemies that actually react all that much, its coming along but ill probably need another year before the overall game is close to being finished. 6 months time for advertising it....maybe.

[Anonymous No.20022415]

>>20021234
I perform facial surgery on myself to look like gigachad. It's a very slow and painful process unlike a professional surgery at a surgeon but in a couple of years I might be done. I can only do so much until I can't and have to take a rest.

[Anonymous No.20022970]

>>20022385
Focus on single player, there is no fucking way your gona finish multiplayer, especially if you have never done it before. I have worked professionally as a coder for 5 years and as much as I want to I would never make a multiplayer game untill I have made it(especially myself). Your game is already to complex, the best advice I got but never learnt untill to late, make a good simple prototype. You can never compete with content. So gameplay is the best way to make a decent game.

[Anonymous No.20022977]

I live in a "startup" country, many local and foreign investors are looking to give money for mostly tech startups.
I got a few ideas i wanted to start pitching soon to some big shots with money + i have 2-3 years experience in the tech industry (many people here start tech companies with even less experience sometime).

What should i know before starting a business?

[Anonymous No.20023253]

>>20022977

I'll give you some protips since I've been in and out of the tech startup industry, including being an early-stage employee/engineer of a startup that later turned into a unicorn, and now I'm starting my own bootstrapped company.

I'd say it really depends on your goals and what you want to achieve. If you only care about money and couldn't care less about the business you're running then by all means take the Vulture Capitalist's money since they will likely take you on a ride to becoming huge (although there are absolutely no guarantees of this). However, keep in mind that you are surrendering A LOT of control to them even though on paper their equity shares might be non-significant (VCs in any big tech city usually know each other and further funding rounds are dependent on referrals from existing investors. You'll need further funding rounds because VCs are going to pressure you into growth instead of sustainable profit, without those rounds you will go bust and your reputation will be soiled since your startup will likely be dependent on a constant supply of investor money to maintain operations).

If you want to build a sustainable business that can weather the business cycle then taking investor money will be a fatal mistake. Remember VCs and other institutional investors who invest in highly-speculative vehicles like startups couldn't give a rat's ass about your business or its sustainability (even if they try to convince you that they do), all they care about is selling their shares to the next guy in line whether that is to the public in an IPO or other VCs during funding rounds. Their investment horizon is generally 5-7 years and you will be pressured enormously to deliver on their growth targets, even if that means taking very risky bets that may or may not pay off. You will also not learn any useful business skills since the skills you will apply will only be viable in a clown-world low interest-rate environment where profits don't matter.

[Anonymous No.20023300]

>>20023253

cont.

My advice would really depend on what kind of skills and experience you possess and if you're willing to put in the hours to bootstrap something from scratch. If you're an engineer with a talent for business then this is entirely possible and you won't need any meme product managers or salesmen that will be pushed on you by VCs to achieve success, as long as you have a product-market fit. You can usually build and test your product while working at your current job by just working during evenings and weekends. It's a much more difficult way of going about it but you'll be secure in knowing that you maintain 100% equity and won't have Schlomo Kapitalstein breathing down your neck and forcing you to do things that may not be good business practice (and will likely lead you to ruin if and when VC funding dries up, which it will eventually).

However, if you are someone who does not have any tech skills to build a startup by yourself it gets a bit more complicated. In this case I'd recommend partnering up with a tech autist who shares your vision and can COMPLEMENT you in building your company. Then you can split the time, work, and equity between you and you'll have a solid setup to build something on. If you're not keen on partnering and want to maintain full equity control, then I think you could look into taking funding, but I'd strongly suggest avoid big VC funds and other institutions as they DO NOT HAVE YOUR BEST INTERESTS IN MIND. What you need is an investor who shares your vision and long-term strategy, and if that is building a sustainable business that can pay regular dividends in the future then maybe an angel investor who doesn't give a shit about selling his shares to the next sucker would be a better play.

[Anonymous No.20023415]

>>20023300

cont.

The way I see it, taking VC and/or institutional money is akin to making a deal with the devil. You are essentially an employee or manager-operator and are beaten into doing your master's bidding, and is really no different to being a wageslave since you don't really have total control. If you're lucky VCs can make you very rich (but they will be the real winners as their risk distribution is vastly different to yours). The fucked up part is that these clowns (which many of them are, I've met a couple and I wouldn't trust them to tie my shoelaces properly) have so much money due to poor pension funds chasing yield that they really do not have any incentive at all to care about your best interests, but since they have so much money taking their deal is very very tempting. I've made a conscious choice to not take these people's money because I don't believe in selling my soul for wealth, but it's really up to you and what your tolerance for BS is.

Some other misc. protips: you cannot afford to "move fast and break things" if you are bootstrapping your own company. Remember that you do not have an infinite supply of money like other meme startups, and your reputation is much more dependent on quality engineering/products than clever marketing like the VC-backed shops are. You cannot afford to make costly mistakes and shitty engineering, and that includes staking your entire infrastructure on meme platforms like AWS or GCP as they are entirely tailored towards companies with reliable access to BRRRR and can afford to pay their ridiculous fees. Stick with the basics and high-quality engineering practices, and you'll eventually make it.

Anyway that's a lot of stuff I wanted to put down and can't think of anything in particular atm, but if you have any questions feel free to ask them here and I'll try to answer them.

[Anonymous No.20023485]

>>20022977
how do i buy planetary etf

[Anonymous No.20023518]

>>20022970
This

[Anonymous No.20024166]

Have 40k and some positive cash flow.

Want a partner. I am new to business but learning fast.
Failed to launch a few times. Seeking a new start with someone that wants to learn and grow with me.

Where do I find such people?

[Anonymous No.20024511]

>>20024166

Not on 4Chan

[Anonymous No.20024547]

>>20021806
not that ugly and definitely better than the current creature, also not interested in his money because they started before he was rich, but i can understand why he did what he did

[Anonymous No.20024585]

>>20023415
>afford to pay their ridiculous fees
i thought a advantage of AWS is that its cheap (and scalable)

[Anonymous No.20024606]

>>20021806

Imagine being one of the richest men ever and being an ugly manlet.

[Anonymous No.20024626]

>>20024511
Craigslist has been my most successful meeting place. Shifting through trash replies is time consuming.

[Anonymous No.20024731]

I have an offshoring business. Have 300 staff in the Philippines working for companies in AU, NZ, HK and US.

[Anonymous No.20024754]

>>20021234
>imagine owning a business and going on 4chan
cmon OP, no one here is sophisticated enough to own or run a business. We're all here for the coins and penny stocks (yes, penny stocks, people here can't afford lap caps).

[Anonymous No.20024801]

>>20022415
Please tell more about this

[Anonymous No.20024843]

I came to /biz/ because of LINK in 2017 and I now mistrust all women and have developed anti-social/isolationist tendencies. I just want to say fuck all of you, I'm leaving
>inb4 "see you tomorrow"

[Anonymous No.20024856]

>>20021234
>selling women’s yoga products
through FBA or own shop? exclusive products or alibaba stuff?

[Anonymous No.20024960]

I just opened an Etsy shop 5 days ago selling a niche DIY kit. So far I’ve had 12 sales, $800ish revenue, and about $420 net after shipping label. I have 2 competitors in this space. One has been around for 2 years and sells 20-30 units a day and the other has been doing it for 6 months and sells 5-10 units a day. I intend to get to 20-30 units a day within 6 months.

I do need some help with info on driving traffic?

[Anonymous No.20025112]

>>20021265
Interesting, I would never do that because I would still feel compelled to help those in need, even if I am stealing from the disgusting rabble.
Two questions:
1) how do you avoid their inquiries on how things are progressing?
2) how did you convince them?

[Anonymous No.20025120]

>>20024626
Local chamber of commerce. Friends and family introductions. Never tell anybody how much you make or money you have ready to throw down unless they are willing and serious enough to invest with you. Vaguely talk about finding a “partner” and “resources” until you get to someone who is a good fit.

[Anonymous No.20025246]

>>20021234
Just started an LLC and am working on a logo now. I have several different ideas but not sure which to follow first. Who do you ship through for the cheapest shipping?

[Anonymous No.20025929]

>>20021265
i kekd

[Anonymous No.20026074]

>>20024585
It's cheap to start with but when you need to scale the bill really racks up, as they know they've got you. Same with all these services, heroku etc

[Anonymous No.20026165]

>>20021234
Thanks for starting this thread, the coin shilling is pure cancer
How did you start doing this? How did you validate your idea? How do you recommend getting started in the ecom space?

[Anonymous No.20026537]

>>20024731
software development?

[Anonymous No.20026575]

>>20021234
Who's got the bigger cock ya reckon?

[Anonymous No.20026603]

>>20026575
I hear midgets have huge arms

[Anonymous No.20026658]

>>20024960
You have google adsense and an SEO webmaster, right?

[Anonymous No.20026717]

I have a restaurant and a small tie dye business

[Anonymous No.20026745]

>>20026717
how hard has covid fucked you restaurant business?

[Anonymous No.20026818]

>>20023415
Good stuff m8, thanks for sharing. I’m presently working in a small startup that sold out for VC money and things seem much as you describe.

[Anonymous No.20026855]

>>20024606
Derete

[Anonymous No.20026904]

>>20026855

[DetectiveAnon !!xywCWEmZbu8 No.20026920]

AAAAAAAAAAAAHHHHHH
IM
I-
IM
DD-
IM
DIVOOOOOOOOOOOOORCING

[Anonymous No.20026938]

>>20021234
Where do i buy ads to get sales? How do increase traffic on my ecom site

[Anonymous No.20027162]

Run a brick and mortar, also own part of the international tech company i work for. Waiting for buyout so i can retire

[Anonymous No.20027261]

>>20021806
>>20022110
>>20024547
>>20024606

Uglyness can be permanently solved.

As Plastic Surgery exists.

https://youtu.be/8yDpdvOEUCw

https://youtu.be/wQAS9IxTH3A

[Anonymous No.20027327]

>>20027261
I think she was cuter on the left

[Anonymous No.20027876]

>>20023415
thanks based anon

any cool stories from your time working in start up land?

[Anonymous No.20027986]

>>20027327
you need to get your eyes checked. that or you're a yellow fever fag

[Anonymous No.20028224]

So i want to start a website that basically acts as a service platform for the regular Joe. I have coding experience but no web development experience.
How long would it take to get the knowledge to build up a proof of concept prototype?
How much does a freelance webdev cost on average?
I've looked at some of the "build your own website" service providers, but they seemed pretty bare bones and samey - are they any good?

Any input appreciated

[Anonymous No.20028281]

>>20021234
$15k in profits or revenue?

[Anonymous No.20028359]

>>20023415
Good writeups. Your comments about developing clown world skills kind of worry me. I’m an early stage employee at a startup that at one point was an up and coming darling and after just a year was offered $20MM for a buyout. 7 years later the company is probably going to go out of business. We had hit profitability before COVID and things were on the up and up as we had a new product that was successful, but we got obliterated by the pandemic and even with $1MM in the bank runway will only last another 6 months with current salary upkeep.

I think my skills are valuable but they’re kind of all over the place. I can do a lot of things in a mediocre way. I know way more than a small business owner but less about generally everything than someone who has worked a single role in a big company for the same amount of time.

How would you suggest spinning my skill set in the event I need to look for a job but don’t want to do the early stage startup thing again? Currently I’m on the product side but I’ve also run our customer support and ops teams, as well as account management and sales. I have positive track records with every role I’ve been in but the business at its prime was only doing around $12MM gross annually so I have no idea how that actually looks to a larger business.

[Anonymous No.20028556]

>>20021234
I'm a salaried warehouse manager at a company that sells thot clothing. I genuinely hope you make more money than me. I make 71k plus *up to a 20% yearly bonus"

[Anonymous No.20028603]

>>20023415

I can add that VC's are trying to flush you out of your own company when raising new rounds you have to also buy in unless you want to lose shares. at some level you can't anymore and are out (even out of your own company and position if they want).

[Anonymous No.20028797]

>>20025246
I use shipstation. Really great automation and time saver.

>>20028224
What do you mean by “service platform”

>>20028281
Revenue. Slowly growing!

>>20028556
That’s a great salary. I’m still reinvesting everything back into the business so hardly paying myself.

[Anonymous No.20028836]

lol whats up with jeff bezos strange and fucked up eye
amazon owner weird eye and face
bezos weird eye
jeff bezos funny eye

[Anonymous No.20028850]

>>20024754
Lots of /biz is sophisticated enough to run a business. They just have a long gone belief that shitcoins will make them millions and retire early. I wish they would all start a business at least on the side

[Anonymous No.20028942]

>>20028836

i kek'd

[Anonymous No.20028946]

i own a part-time business that I started as a teenager as a joke to troll serbians and chinks on /fit/.

I was a dollar millionaire by 25.

if anybody guesses right, I'll bitcoin them 20 bucks

[Anonymous No.20029410]

>>20027876

I have many, the fun part with working in startup land is that you get to go through a lot of turbulence and see the inner workings of businesses that make the products, services, and apps that we use on a daily basis. I know from my own experience that most of these startups are terrible work environments, prioritise the wrong things, and would have never survived if they didn't have the constant supply of money from delusional VCs. Big redpill no joke. Anything in particular you want to hear stories about?

>>20028359

I'm somewhat in the same situation as if my company doesn't pan out I'll have to re-enter the job market with a similar diverse set of skills and no hyperspecialisation. However, I think this is to our advantage as there are a ton of small businesses out there who really need the technical/product expertise we've gained from working in high-flying startups but cannot afford to pay Silicon Valley salaries. I'd say the best thing to do would be to look for small low-key companies who are in the same domain that you're familiar with and prove to them that you are capable of delivering value to their business (ideally by identifying something that they aren't doing but what could improve their revenue or whatever). Keep in mind that you'll have to stomach a lower salary (but on the flipside you'd be in a a much better work environment) as these companies don't have the VC funding required to pay high-end meme tech salaries. As soon as you lower your salary (and equity/options too to an extent) expectations and a lot of doors open.

[Anonymous No.20029800]

>>20027986
At least with the left you know what you’re getting: kids with a chad jawline

[Anonymous No.20030066]

>>20028797
what's the % in profits, are you dropshipping by any chance? which platforms do you advertise on

[Anonymous No.20030181]

All cryptocurrency and blockchain project owners, co founders and supporters - join this Discord and let us know more about your project.

rfdtpJC

[Anonymous No.20030189]

>>20021234
>tfw when all those billions can't turn you into a chad and every woman cucks you

[Anonymous No.20030382]

>>20030066
I’m not dropshipping. My profit margin is 70-80% on most of my products.

[Anonymous No.20030537]

>>20021234
Start up founder here. Built a back end infrastructure network that processes millions of transactions a month thanks to the guy on OP’s pic. I can’t thank this board enough for all the chaos and jokes.

[Anonymous No.20030787]

>>20030537
Nice!! Interested in hearing more. Can you explain a little more in detail?

[Anonymous No.20030820]

>>20021234
Where do you source the yoga products from?

[Anonymous No.20030862]

currently building a meme video site, should be done in a few days. haven't validated the idea but theres a few competitors in the space that i plan on replicating their process just having the frontend much more cleaner and visually appealing

[Anonymous No.20030987]

>>20030787
I would love to explain more but do not want to dox myself. OP was pretty spot on regarding venture capital. However, you can protect yourself from venture capital intrusion if you have the right connections and know how to structure financial instruments.

Venture Capital is a double edge sword but it plays a very important part in the exponential growth if you have built a tool that shows nuclear growth.

[Anonymous No.20031192]

>>20030820
China, alibaba

[Anonymous No.20031324]

>>20031192
So you just have a website where you resell shit from China? Do people really get by doing this?

[Anonymous No.20031365]

>>20031324
I don’t resell shit from China. I started my own brand and have factories in China produce them for me. Just like every other well known brand in America

[Anonymous No.20031394]

>>20031365
So its copy paste of lulu lemon?

[Anonymous No.20031427]

>>20031394
I’m better than lululemon

[Anonymous No.20031546]

>>20021844
I do this and he is right

[Anonymous No.20031610]

Own a bakery and shits been up and down. Thanks to trump for his sba loans, I will survive til next year. And God bless forbearance plan. Home is montage free til next year

[Anonymous No.20031637]

>>20031610
Also wtf happened to DAM ? Just lost 1/3 of shackles

[Anonymous No.20032095]

>>20031427
Post the best ass pic you have of someone wearing your gear and let us judge

[Anonymous No.20032381]

>>20023253
>>20023300
>>20023415
Thanks based anon, noted

[Anonymous No.20032525]

>>20022385
you post too much in reddit to post a tldr, please never do that in literature again

[Anonymous No.20032764]

Can anyone tell me the best way to approach a business? I made this app that seems useful and recently noticed another same type of business make their own similar app, so I'm thinking of approaching other 3 same type of businesses with my app. I'm not planning to even ask money for it unless they are very keen on the app. I'm just 20yo studying IT software engineering. These are big €250m revenue a year businesses.

[Anonymous No.20033477]

>>20032764
what is your question? what category does your app belong in?

you must out stand the competition

[Anonymous No.20033511]

>>20032764
what does your app do? is it b2c or b2b?

[Anonymous No.20034132]

>>20021251
How's that treating ya, anon

[Anonymous No.20034145]

>>20024843
both are disgusting.

[Anonymous No.20034347]

What books would you recommend to for owning and beginning a startup?

[Anonymous No.20035035]

>>20034347
a therapist. youre gonna need to act on your desires, not complete a prequest (hint players in mmos dont like prequests), they just want to get to the boss

[Anonymous No.20035449]

>>20035035
I asked for a book, not bullshit advice.

[Anonymous No.20035817]

>>20033477
>>20033511
It's meant for the business to publish their own slightly modified version of it(logo, theme colors, maybe some other changes they want) for their own customers. Idk what the competition is. If they still haven't made their own apps then I'm guessing they haven't even looked at doing something like that or they haven't been approached by other software development vompanies.

All I want to know is how do you even approach a business. Just email the most related person like the IT department chief in my case or ask the support?

[Anonymous No.20035999]

>>20027986
She's disgusting in both. Chinks, Yellofeverfags, hapas get the rope etc etc etc

[Anonymous No.20036209]

>>20029800
Cosmetic surgery doesn't change the genes you pass on to your children, based retard.

[Anonymous No.20036333]

>>20036209
>

[Anonymous No.20036408]

Business fags, I have several different small business ideas I want to pursue at some point in my life. I filed an LLC for a "holding company" and then I plan on having the smaller business ideas all underneath that once LLC. Do I need to refile an LLC for every small business venture?

[Anonymous No.20036511]

>>20036408
https://howtostartanllc.com/form-an-llc/should-my-llc-have-a-holding-company

[Anonymous No.20036930]

>>20024843
Bezos live rent free in whoever made this, funny nonetheless

[Anonymous No.20037290]

>>20021234
What the fuck bro that's dope. Please teach me your ways!!!

[Anonymous No.20037934]

>>20029410
i'm trying to break into the start up scene as a sales dev rep (2020 grad) and am curious if you'd recommend the start up life. what's the likelihood of successfully climbing the ladder, and picking the right start up? were there things you were looking for when you joined a company?

what proportion of vc funded companies are total shit like you described? is there any trick on getting vc funding? it seems pretty difficult

if you could start your career over again what would you have done?

[Anonymous No.20038092]

i want to join the ranks of daz porn artists who use their fame to make 20k a month on patreon just by developing a porn video game. i'm fucking disappointed because i told myself for years that i would put more effort into it if i ever had more spare time. covid hit,, i had a ton of free time, and yet... nothing. I still work and take online classes for uni so i guess i'm using that as an excuse but I still have so much free time and I wish i'd stop procrastinating. i know i have the skills and creativity to do what i want to achieve, i just can't become motivated. it sucks cuz my uncles and aunties are all hustlers who started in ponzis and selling life insurance and yet my direct family is full of hippies and their lack of drive has rubbed off on me. just wanted to share.