I just finished graduate school and got a master of finance degree in the U.S., now I am back in China and decided to gradually take over my family's company in the semiconductor industry which I know nothing about. Out of the most friendly employees in our company, there are several higly skilled but stubborn engineers who has been a part of our company for more than a decade.

While I was learning about the company from my father and slowly preparing to take over the business, these older employees displayed a clear defiance to my demands, and some would even outright ignore my words. All of their skills are vital to my company and I can't just rightaway fire them, so what should I do?

I just need to vent. Please leave supportive comments. I know not all business people are like this, but I’m starting to doubt myself on that thought so please leave comments that give me hope in you guys 💀

My friend is a business major and doing a start-up (tutoring service where students learn through videos, get quizzes and get video solutions for wrong answers.) Last week he desperately asked me to tutor his second client for a week because she was working on upper level math and had a test in a week. I’m a busy research student but I agreed because he was so desperate. We tried his model with the kid but his mom asked for 1 on 1 tutoring after a couple sessions. The kid ended up doing well and her mom liked me as a tutor and asked my friend if I could work with her kid 1 on 1 Instead of his business model of watching videos and doing quizzes. My friend and I then have a conversation that since the kid isn’t going to learn using his business model anymore, he’ll just tell her to contact me individually for tutoring.

Last night, he calls me and proposes that the student do 30 min 1 on 1 and 30 min practice quiz (and charge the mom extra $80 monthly that he’ll take since that would be using part of his business’s model). I told him “that’s not what the mom wants” and he says that he wants the kid to make the most progress and also wants to see how effective 1 on 1 is compared to his “hypothesis” that video learning and quizzes right after are the best method of learning. I say “ask what the mom wants, and I’ll go with that”. She ends up reconfirming to me that she only wants 1 on 1.

Today, he tells me that I need to sign a independent contractor contract before telling me the mom’s decision (which he doesn’t know I clarified with the parent). I tell him that I’m not signing the contract given that he is acting outside of his business model to keep a customer. We get into an argument where he argues that the company is still experimenting with its methods and I argue that I don’t feel comfortable working for a company where the founder is changing his ideas for the model despite being so stubbornly firm on his idea previously. He then somehow makes that “oh so you much prefer working for a big corporation where everything is stable and you don’t have to worry about other work and you’re not malleable with work”. What??? How did you get that conclusion??? I’m not targeting your business bro, I’m saying in general. And I’m your friend, not your employee.

He then brings up pay, and we get into another rabbit hole where I say “I don’t see a point in 1) you keeping the kid as a client if she’s not using your business, 2) the mom paying more for acquiring service from the business even though she’s not using anything the business provides.” (I’m leaving out details to make this short but this is the summary.) He somehow gets to asking me if education should be free, which I say yes to. He then says “you’re being a hypocrite. You want the mom to pay you $40/hour for tutoring but you think education should be free?” Bro. For fucks sake. Would you rather pay for education or ignorance? I’m working like 3 full-time jobs and I still used my time to help you out. Yes, in all shame, I deserve to get paid for my time. I’m a supplementary tutor, not an educational institution.

He then goes “I’m trying to look out for you cause you’re still young and I don’t want people to see you as a hypocrite”. God fucking sakes. I then tried to conclude the topic by saying “I think we should move on and talk about other stuff where we’re both having fun and not conflicting extremely on.” He tries to then say that it’s an intellectual conversation and he’s just trying to look out for me + we’re not arguing. He then says that “this only makes me disappointed at your character” (referring to the hypocrisy).

No. True intellectual conversations begin when you are open minded and respecting of others’. Not everyone works for you and not everyone will bow down to you. Kill your ego and stop trying to make everything into an argument that you think you’re right in all the time. No one needs to hear your mansplaining or wants your lecturing. Fuck off and be accepting of others. You can’t try to fix every situation or make every situation benefit you.

And my dear friend, a smart businessman is one that caters to the need of the client, not one that tries to force their own bullshit hypothesis onto or even bargains with. Fucks sake.

Any help or links to how would be appreciated.

So long story short me and my gf decided to relaunch her business cause I honestly thought it was such a waste of talent and maybe see how far we can go. She is a huge rabbit lover and always loved to make amazing products for rabbits. I also decided to document our journey to see the process and maybe it might inspire anyone to try or try again because its never too late! Anyways thank you and any kind of support is appreciated!

Watch our short series here - https://www.instagram.com/taesangfinance

I have been working on an MVP for a mobile app since 14 months. I plan to launch after 60 days and need some support

Simply view this reel https://www.instagram.com/reel/C5MwNlwCihi/?igsh=ZW5xN2Zkbm4yYXJ4

And follow for further support ❤️

My father has a Sole Proprietorship LLC, I have a completely separate sole proprietorship LLC.

I solely run both businesses, he helps with some of the labor, but as far as finances and accounting I handle everything. The businesses are construction companies, residential if that matters.

I’m tired of dealing with 2 of everything. 2 credit cards, 2 separate bank accounts, 2 check books. 2 QuickBooks accounts etc etc. you get the idea.

I’m curious what the best way to combine or intertwine the entities would be. I’m considering forming a trust, and then transferring both companies into the trust, but I’m not sure if that’s the best way to handle it and I know nothing about the different types of trusts. Would it be better to simply form another LLC and have it function as a holding company for both businesses? Or “sell” both the companies to said holding companies.

Not sure where to start or what research to do, accountant isn’t much help honestly. Obviously don’t want to do anything that going to mess with tax obligations.

Each business is likely doing between $200k-$350k this year.

Any advice helps.

My girlfriend is down to do porn with me. We're both not super attractive. Can we make any money? How do we start?

Hello everybody. My girlfriend seems to be in a bit of a financial pickle. And I just happened to be a little bit bored. We talked about it and she's mentioned several times that she's down to do some sort of remote based internet porn for Money (solo or just with me).

Any tips on how to start?

I'm sure this is probably been covered before so I'm sorry about that.

But as always I appreciate all your advice everybody thank you.

For many years I have been a part of the marijuana industry in michigan. At one point I had several years with 8-10 employees 40 hrs+ weekly. Recently the market has plummeted and after several setbacks I've decided I want/need to do something else. Recently I've been very seriously considering going all in and giving my best shot at an in home health agency in michigan. I have enough money set aside for house hold bills for me(33 BTW) and my family (wife and 6 kids) for about 18 months and about $100k I could potentially invest into a start up. Michigan appears to be one of the easier states to set up an agency. I have no medical background just business experience. I do have close family members with some caregiver history. I don't think I would want to do a franchise. I have talked to a few consultants that can hold my had through the whole process including being accredited for medicaid/Medicare. Kinda pricey 15-20k. I'm a little weary of consultants after encountering many in the marijuana industry that hardly do anything to really help you but I am considering this route. I'm feeling like the best path is full medical with full accreditation so I'm not limited in clients I can take on.

I would love input from anyone who has went down a similar path. What are some things you wish you knew before you started your journey? What is a realistic start up cost? What Issues have you encountered? How long did it take you to work up a solid client base? Please share anything you might find useful to me in me endeavor. All are welcome to give input and I appreciate you all for helping me on this vision.

Hi everyone!

How would I go about moving my music production and publishing company from Manhattan New York to Miami? All my business is done online (digital nomad)

The idea is this:

Miami LLC ⤵️ Bulletproof trust

Thanks in advance for any info!

I wanted to know if anyone may have experience, stories, or advice related to developing new medical products with academic institutions.

In my situation I am the originator of the ideas and chose to partner with my institution rather than make an independent startup because I felt like there was a clear benefit to gaining experience by working with them and having access to their foundation of resources.

I don't own a business nor intend to create one. I invest in stocks and I'm taking my first steps in valuation. I feel that I lack a bit of basic knowledge on how to run a business.

What books would you recommend for someone in my position? I'm looking for boring textbook material on business structure, financing, decision making, etc. Not 'mindset' or 'psychology' self-help crap.

Can anyone share their experience with MIP or Sage? QB doesn’t do what I need for a government contract. Thank you

So due to a misunderstanding with an auto pay form, (I thought I had all this squared away. And had a similar payment coming out each month, so I didn’t realize it wasn’t coming out. Definitely should have paid more attention) I went 5 months without paying auto insurance for my business vehicle. I know it’s stupid. But due to this, the policy was cancelled for non payment. Well I was able to find a decent policy close to the same rate as the previous one. After a couple of months, they increased my rate by $120 a month, due to being uninsured for those 5 months. They say it will go down next 6 month period, but I don’t know. Any suggestions on what to do about this, or do I just need to wait it out? TIA

Hello,

I am working on a school project for my business class and I was wondering if anyone here might know a estimate price of how much it would cost to manufacture say 10,000 pens For example.

On the internet I have found information about costs for cheap pens costing less than £0.10 to make. However my pens would be of a higher quality possibly made of metal not plastic and would have a few custom parts that you would be unlikely to find on other pens.

Any help would be appreciated, thanks :)

Hi there,

I've been thinking about the idea of starting a 3D printing company for months now. However, after speaking with some people who discouraged me due to the saturation of the market, I lost interest. I live in a semi-developed EU country and earn around 1k per month. I revisited the idea two weeks ago. A video popped up, and my interest went up again. I truly believe I would love doing this. I have the capital to get a printer and the necessary accessories, which would cost around 1k. However, such an investment would virtually wipe out my savings. While I don't have a plan on what to print, I'm not keen on going the Etsy route. Initially, I thought about designing a unique sneaker stand and selling it locally. My country has a sizable sneaker Facebook group with 155k members, offering easy access to potential customers if my product is good. Also, it would be a drop-type business model (with a limited amount of stock) because I would have only one printer. I would also need to manually package them, etc.

On the other hand, while exploring Google Maps in my city, I noticed that a significant portion of barbers and hairdressers lack a website, roughly around 80%. This observation sparked the idea of starting an agency that offers basic website creation services, including a booking section to streamline appointments, and a service for managing or creating their Instagram accounts to optimal growth and enhance their customer base. One of my friends is a hairdresser, and I've noticed her struggle with managing bookings and social media. I'm considering offering my assistance to her for free to test the viability of my services, and this is a great opportunity to build a small portfolio.

Should I try to start doing both of them? I would love to engage in both because I genuinely enjoy helping people, and I want to reignite my childhood creativity. However, I've watched numerous videos about entrepreneurship, and many people suggest focusing on one company. But I'm tired of months of waiting and pondering, feeling stuck in the same place.

Taking advantage of a tax break

Hello everyone!

I have a friend who just moved to a country which gives him a 50% tax break for the next 7 years for whatever he does. It could be business related, work for someone, anything that he likes.

Do you have any creative ideas or suggestions, apart from working for someone else, as to how he would be able you maximize this benefit? It could be anything that benefits not only him, but other people or companies.

Thanks!

Hello everyone me and my husband started clothing business related to stars. Its called “ cosmic fits”. The main reason is to support my tuition fees because i got accepted into yale and we need support in order for me to go. But unfortunately so far it hasnt been successful and only very few customers. The price is convenient and the quality of the clothes are very good. So i want to know what i am doing wrong and what i can improve on. I would really appreciate some advice. Below is our insta account @c.osmicfits .

Hi, (I'm posting this on behalf of a friend who doesn't have a Reddit account). He has a supplement product and wants to knock on the doors of event organizers as a marketing strategy and see if they'll let him promote or sell his products at events. But neither he nor I know how to find these people, how to approach them. Can anyone here suggest a way to find and approach them?

Hello, I just started a business. I registered everything in Mississippi because that's where I wanted to live but I registered on a relatives address because with my business I travel. I can and will operate in other states so I am staying in hotel in these states until I can get a camper. I already filed as a domestic LLC. Am I supposed to file as a foreign LLC? My account said I didn't need to file foreign because we are an American company. Am I supposed to have a real agent? I am sorry I just want to make sure I don't make any mistakes in this process. Any advice is much appreciated.

I would like to finance a 8yr old exotic car under my business and keep it off my personal balance sheet. I will PG and put as much cash down as needed. Obviously, all the national and regional well known banks have age caps of 3-5 years for their business auto loan products. Does anyone know of a smaller or private institution that offers products to finance older cars under a business entity?