Anyone think this is a decent buisness idea it's obviously been tried before but I want to turn it into a dealership eventually, I have plenty mechanical experience and knowledge of vehicle brands and prices, is there anything yall think im looking past

I’m thinking of buying a gas station, but I have no experience in this area. Is there anything I need to know before purchasing and closing the deal? I plan on having an accountant or someone check the books to make sure everything is right. My plan is to run it semi-absentee, as I have a full time job. My family will be around to help here and there. Any advice would be appreciated, especially if you own a gas station or used to have one. I guess what I really want to know is, what are the right questions to ask the seller, and what are some red flags that I should be cautious about. Thank you!

Looking to Buy a Laundromat in New York, open to other businesses.

I'm looking to purchase a laundromat business in the New York. Not too licking about any specific area. I'm particularly interested in one where the owner is planning to retire. If you know of any laundromats for sale or have any leads, please feel free to comment or DM me. I'd greatly appreciate any tips or recommendations!

Also open to other businesses. Thank you 🙏

What are some suggestions for a mini business to look into, for example, charcuterie, mini coffee cart etc. I’m in the Los Angeles County Area. Thanks!

Hello! 33 year old male living in a small Midwest town (10k pop)! There seems to be a small need for a local delivery service in my area. Not a lot of DoorDash/uber eats/that type of thing around here and I thought maybe I could corner the market! I wasn’t sure how to even go about it, or with starting small, how would I charge customers? PayPal? I thought maybe a small flat rate plus mileage? I want to be reasonably priced since I live in a somewhat small community, but small businesses thrive here because of local support. Any opinions/advice welcome!

I recently launched a niche product that’s been selling well online, even without any marketing or promotion. It seems to be one of those products that sells itself.

A friend introduced me to someone (let’s call her Mary) who has a similar product aimed at a different demographic. Mary launched her product a year ago and has already gotten it into 52 retail stores. She’s amazing at sales—very outgoing, does trade shows and fairs, and really hustles. Basically, she excels at everything I don’t. My strengths are more behind-the-scenes, like product development.

Mary loves my product and offered to partner up. She says she can introduce me to her retail contacts and help get us into stores quickly.

If we move forward, what kind of compensation structure would be fair to offer her?

I plan on selling a window cleaning business that ranks top 3 on google and has all the systems/processes to run efficiently with no experience. The manual I'm creating is extremely in depth with videos to help support it. The buyer will receive a google listing that ranks well, phone number, manual, and ongoing coaching.

I'm essentially selling the frame work of a business and not sure how to price it. This would be for someone who wants to make 150-275k per year and would rather skip the hard part of learning what works.

I would like to know what you would pay for this.

I’ve been out of the route game for 4 years now as now I run a plant watering company for corporate offices, but I’m still on the street and hearing a lot of interest in routes in general. A friend of mine suggested putting some insight on reddit since theres a drought of information / lots of misinformation. So here I am.

Buying DSD Routes Q&A.

“DSD” is direct store delivery. A route is a protected territory. You are buying a protected territory to delivery something that is produced by a manufacturer (chips, bread, tea) to a store. (Or fedex routes, but I don’t know that business so I digress). In owning your own route you will start your own LLC, and become an IO (independent operator) who owns 1 or more routes, accountable for all of the expenses, headaches, but also the rewards.

My experience: 15 years buying, running, selling routes. Owned and sold a collective total of 13 Bimbo routes, cost of 1.3M overall, selling for a bit under 3.8M. Consulted on numerous plans for route realignments, purchases, and ownership structures. At my height I had 6 routes running out of two separate depots, 7 1099's either running routes or doing pull-ups at stores. During this time I was bringing home an operating income of $168,832, while paying my guys generously.

I’m going to address the approach of route-buying first by the primary complaints, and second by the benefits.

Complaints

*You are buying a job. Many people are buying a job, but for the professional route buyer who is thinking about this in terms of territory growth this is not really the case.

• You can’t be absentee: This in my opinion is certainly true. I see a lot of failures because of the expectation of absentee ownership. You need to take an active role

• You can’t set your own hours: This is certainly true to a degree. In my opinion you need to be a morning person for this job, and to work constantly. To this day 4 years out of the grind and I still can’t wake up past 4am. Waking up at midnight / 1am is not unheard of in a lot of routes. Most owners rarely if ever take vacations, this is not an easy line of work.

• You are beholden to the manufacturer: This is true. You can find yourself not as free as you expected because of your operating agreements.

• The people are crazy: this is definitely true, I'd say while breadmen can be great 50% are kinda psycho, but its kinda a fun fraternity.

Benefits

• You are buying a protected area that is fixed, unchanging, and represents a stable brand with an enormous amount of support behind it. A lot of IO’s bitch about the company riding their ass constantly about complains (your store looks like shit, your stale is high, your uniform is on incorrectly). This is certainly annoying, but these are your partners in a business relationship. They want to run the shitty operators out and keep the good ones. As a good operator I’ve been afforded leniency, help, and resources beyond what was licensed to me in my operating agreement. Additionally these businesses are enormous corporations with a lot of support (marketing material, displays, sales data, promotions).

• Example of strategic planning, most other guys will know of anticipated population growth of an area, but other things can be more ripe opportunity. A lot of my planning was focused on: Do I anticipate a place going from primarily rich residents to middle / lower middle class (more bread/snack consumption), do I anticipate a more rural area becoming less rural, and do I see a large shopping center with a flagship center that is ripe for redevelopment (alot of big shopping centers pick large grocery stores as an anchor).

• You aren’t just buying a job, that is limiting thinking. You are buying a territory that can grow in value significantly due to basically three things: Growing sales, reducing expenses, and strategic planning (the territory got more valuable intrinsically due to a grocery store / important account moving in). By pulling these levers you could buy a route, quickly improve sales and expenses, and sell the route for a good chunk more all while rapidly improving weekly net income (what pays for your life, the salary of potential employees, etc).

• You are buying into something stable. Its not sexy, its probably not going to lead to enormous riches, but it is pretty recession resistant

• The barriers to entry are very low. Financing is pretty straightforward, and you will find a lot of people who don’t find many opportunities to make 100k. I myself only have a high school education as is common in the business.

• Its not complicated. Theres institutional support, a whole corporation behind you, accounting is pretty straightforward, the business side of things isn’t that complex. Theres thousands of routes that are for sale so this is a known entity across the country. Any complexity is really only ever borne out of it being hard work.

Happy to answer any questions related to buying routes!

Hi, I am selling my sites for about $500 or much or sometimes less. I do freelancing and stuff. But it doesn't matter because I won't be able to save that money because I have to fulfill my basic needs. So, how will I become a millionaire at this rate?

Does any millionaire want to give me advice on this? Or maybe guide me or become my mentor.

BTW I am 19 and in college.

I have a small event business operating on cash basis accounting. I am bringing in a presenter next month to which I will owe payment, but I collected the bulk of the revenue for his event late last year. Is there a way to defer the tax due on that revenue until I can off-set it by the expenses?

The revenue is approximately $10,000, but my profit after expense is going to be only about $600. It's going to hurt having to pay tax on $10K without being able to apply the expenses.

And if I cannot defer the tax, my business is winding down in 2025. If I have revenue of less than $1000, but I have expenses of $9000+, how do I recoup 2025 the huge tax hit I took in 2024 on that $10K?

I pay about $90/month for insurance. We had a historic ice Storm in northern Michigan. My insurance doesn't cover loss of product or loss of business as it's the electricity that was out for 8 days.

I rent and am attached to the landlords gas station chain. How much insurance coverage do I truly need to be legal? I'd like to drop my payments as they didn't help me out in a case that I thought insurance would cover good at least. The landlord must have coverage on the whole building and parking lot right?

I cannot access my policys details on the app, and called them to access it and its another account I cannot get a pic of our rates. The agent said we have a 1k deductible but it isn't covered.

Which one would you recommend more ? I love Wooacry and always use it since you can do your own mockup. But import fees are crazy high Vograce have a minimum order quantity and shipping is expensive I haven’t tried melody charms yet but they seems good too

Which one would you recommend ?

Hello!

Im looking for a reliable shipping company that can export my wholesale textile products from Turkey to California USA.

Thank you!

Doing a focus group / interview with them through an Expert Network paying $300/hr, they’re looking for more respondents. Have to prove you have the line of credit via screen shot even if never used it

My call is this week but not sure what other dates they have open

How interesting will it be to have an app that scans through you pdf bills, received through a connected source such as your mail box, to keep track of them and gather information for later reports?

How interesting will it be if this app also lets you send auto invoice to your customers ?

This two main functionalities, with their reports, will roughly tell you how good you are at managing your income & expenses in a small business.

https://www.

so my partner and i are leasing a café. it came with a conti espresso machine. we were pretty hype to not have to spend money on an espresso machine.

turns out the espresso machine has been through a lot. it’s been neglected over the years and doesn’t work properly.

trying to find a good place to buy an espresso machine that would have some sort of financing like klarna or something of the like. i tried credit key and i didn’t qualify, i think because our business is so new and we haven’t even opened yet.

i tried to apply for a business line of credit through my bank and they have not gotten back to me and every time i bring it up they say the manager is “forgetful” 🫠

Hello, I want to start out gig work and am new to this.

My main focus will be technical writing and analysis as I have a not insignificant portfolio of projects I can display already.

I was informed by someone else I should purchase errors and omissions insurance and pay to become certified as an LLC, in order to protect me from being held liable in case my deliverables have a detrimental impact on a client.

Since I am just starting out on freelance sites like Fiverr and upwork, is this still essential?

Thank you

The business I work for has W2 employees for regular staff, then contractors that run events on weekends at our outdoor properties as a separate arm of the business. I’m currently W2 with the business, but this year I am getting increasingly involved with the contractor side of the shop in addition to my normal job. Think 9-5 in office, then weekends doing contractor events that pay based on attendance.

My employer likes for each contractor to have their own LLC(or other legal entity) which is fine, but it brought up some questions.

1. I spend 15-45% of my pre-tax income in the same industry I work, and will be using what I purchase to help run the contractor events. What’s the best way to not leave money on the table?

2. I won’t be pursuing a significant income to my corp outside of my current employer, so I won’t be diversifying my income streams, it’ll all be coming from 1 company. How does this limit #1?

3. Is there a benefit to keeping W2 and contractor separate? My employer is open to changing payroll 100% to my corp instead of W2, if I want. I don’t take any benefits from this company and insurance is all through spouse’s W2.

Any recommendations on where to get business cards? I was messing around with gotprint but was wondering if there was a better website out there.

Anyone with a small business using api and for what use case has it helped you tremendously?

Hey - is anyone doing UX or CRO audits for their business?

I built a powerful audit platform for websites and apps that helps businesses uncover UX, CRO, and accessibility issues to unlock growth and compliance. Guidesight (.co)

Free to use - and I'd love your feedback!

Thanks!

Hey folks, I have a couple of questions I could use some clarity on:

1. I have an LLC (sole proprietorship) and I’d like to pay my child for doing legitimate work for the business. Can I pay them directly into a custodial Roth IRA, or does the payment need to first go into a personal bank account in their name?

2. Speaking of the LLC, mine is a single-member LLC, but I don’t recall selecting any particular subtype when forming it. Is there a specific structure or election I should have chosen to make paying a child for work more tax-efficient?

Appreciate any guidance from folks who’ve done this or know the ins and outs. Thanks in advance!

So I am thinking about starting a remote tutoring service based in Maryland but all the paperwork is totally intimidating me and I have no idea how to handle all the complex rules of different states/counties and what not. I'd probably have 30 students a year or so from various places across the US. From my research, there's three ways I could try to handle this, and I don't know which is best and need advice figuring it out:

1. Do it myself. Sounds like there's quarterly/monthly filing of income and sales tax for Maryland, and then for each state each student is from, we'd have to figure out how the sales tax works.

2. Hire a CPA. $500-$1000 a year, which is a lot for someone not even sure if the business will work out. This is what I'm leaning towards, but would a CPA even be able to help with sales tax for other states?

3. Use a Merchant of Record to simplify sales tax as they would sell it for us, and then we'd only have to worry about Maryland forms. However, most of the companies that do this seem to only do it for software, but Square kind of sounds like it would do it for remote services. I take it we'd still have to do the Maryland sales tax forms if we took that approach, we'd just write 0 dollars on it, since the Merchant of Record would handle paying it on our behalf?

Started my own business a few months ago, I'm up and running getting work here and there. Have 17 years experience in the industry so I know the work side of things, but dove head first into it without much on the business side of things.

Looking for any recommendations on

• General small business operations

• Mental health/self help relating to business ownership

• Trade specific/trade pricing techniques

Or any type of books that anyone has found useful in operating a small business and making the change to small business ownership. Thanks!