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  • Showing only topics with the tag "business". Back to normal view
    1. Any friendly entrepreneurship communities that aren't rotten with the whole "grindset," hustle culture stuff?

      I've always been interested in entrepreneurship, and I think I want to get serious about doing something. I checked out the Millionaire Fastlane forums, and it's just completely saturated with the...

      I've always been interested in entrepreneurship, and I think I want to get serious about doing something. I checked out the Millionaire Fastlane forums, and it's just completely saturated with the whole "grindset" BS. I tried reading a couple of threads, and my eyes almost rolled out of my head. 🙄

      I've also hung around on the entrepreneur subreddit, and it just seems like a bunch of people without much experience trading unproven advice and people trying to sell courses.

      Does anyone know of a better community? I'd like to find some friendly, welcoming adults with actual experience to talk with. Are entrepreneurship and hustle culture always a package deal?

      34 votes
    2. Finally, something to show you

      I wanted to give an update to something I wrote about a while back, because i have something to show for it and wanted to express some gratitude. Behold! I used the eraser tool on the bottom part,...

      I wanted to give an update to something I wrote about a while back, because i have something to show for it and wanted to express some gratitude.

      Behold!

      I used the eraser tool on the bottom part, we have a business line but we're not open yet. When we are I'll have some more pictures and it'll be included.

      That old post was the first time I had committed most of that to writing, and it was really encouraging for folks to take an interest, especially Akir's questions. Being asked and writing out the answers helped me clarify further, what I was intending to do and how I would get there. So, for the folks who read that, I wanted to share an update.

      I'm really confident about this endeavor. It makes me anxious to say that but I've come to learn the position we're in just could not be better. Part of getting it started is forming an LLC, so I've gotten some time to talk with folks more professionally connected to the town. From what I gather, we don't actually have much direct competition. That's because the local venues are very high priced, and primarily do weddings. With some of them, it sounds like a case of possibly resting on laurels - one story was of a wedding, $10,000, which did not include things like tables and chairs and the house was not clean. Each venue charges quite a lot, I think because they're renting out most of their own supplies. We don't have to do that - we have enough already to accommodate up to around 150 people, and the space can accommodate up to ~350 if they're hanging out outside. We can do an event like that 10k wedding for around 3k with stuff provided.

      No one offers stuff that's smaller scale. At least with all the places I researched, it's just weddings. No one really tries to host things like, say, a dinner for a local business, school groups, smaller parties. The first event we're set to do, is a tea party for around 30 people (it's for a little girl's birthday). I got to speak with someone who owns a local accounting firm, and learned from them what we are planning to do is pretty much an unserved market. Folks want to be able to go someplace nice that isn't a restaurant. The lowest priced venue sits around ~$3500, and that's just the price of being there. Bear in mind, this is Brookhaven, MS - it isn't a wealthy place by any stretch. The venues currently operating seem to be relying on folks finding them online, and catering to those higher end kinds of events (again, it's mostly just weddings. Some of them do bed and breakfast but it's clearly not what their branding is about). We have practically no overhead, no loans, no investors, and our plan targets stuff that isn't available but is in regular demand. We're doing a few small events to get some practical knowledge and in May we'll open officially.

      There's a separate story in there, of two independent folks figuring out how to live together. Neither of us is used to having someone around to do things. Changing my environment has meant being more productive and motivated, which has been pretty nice. Grandma rocks, that's really all there is to it. It really feels like having chosen to do something at precisely the right time, at least with respect to making the business work. I can't speak to the more lofty goals and ideals, because I haven't gotten far enough yet for those to really enter the picture. Upcoming: Business cards, a pamphlet, posters. There's opportunities for advertising that are either free or quite cheap. The print shop owner can get an ad out to 10,000 in the local area for around $500, which I think will have to be good because they're the only folks doing a mailer. That's the only consistent issue, things just move more slowly here and choice is extremely limited. I came here from a city of ~1m, so I guess I had gotten pretty used to having about a bajillion choices. On the other hand, it's been very easy to get the beginnings of a professional network going. I grew up in a place like this, so getting along is no big deal, and everybody knows everybody. A good first impression means something; a good conversation travels. Folks have loved the idea thus far, and have been nothing but encouraging. I don't ramble about the long term plan with anyone, ya'll are the only folk who really got that. As I go along I intend to see how that all shakes out, give an account of how it takes shape. I appreciate folks checking it out and responding. Happy to report anything you're interested in.

      Anyway, that is it for now. I hope to return with some cool stuff from a big reopening party. I wasn't sure where this should go so I figured ~misc would work.

      30 votes