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    1. I'm starting a small business: any advice?

      Hi all! I'm starting a (very) small business in the near future, and I am looking for some advice (or just encouragement or reality checks, anything helps). For clarity, I'm in the US and want to...

      Hi all! I'm starting a (very) small business in the near future, and I am looking for some advice (or just encouragement or reality checks, anything helps). For clarity, I'm in the US and want to make/sell products of my own design without screwing myself over through lack of planning.

      More details for those who want them

      I've come up with a primary product idea, and the first prototypes have been made and are being tested by trusted friends in my industry. I work for a company who is willing to buy the finished product from me and market/sell it as a distributor, and there is already precedent for employees having exactly this relationship with my employer, where they make things "off the clock" and sell them to the company for distribution.

      My main concerns are:

      1. Liability - I don't want to get sued and lose my house. I plan to make my business an LLC to help with this.
      2. Privacy - I would rather not have my personal address out there for anyone to find if they decide they don't like my product. I've heard that paying a company to be my registered agent can help with this, but I don't know how easy/safe/expensive this is.
      3. Financial sustainability - I don't want to lock myself into really expensive overhead issues by having other companies handle administrative tasks (like getting my tax ID and filing my LLC application) that are easy enough for me to do myself, however -
      4. Time investment sustainability - I don't want to spend so much time chasing down paperwork issues that I come to hate/not have time for making my products.
      5. Keeping options open - I'm not sure at this stage if I will end up continuing to make these products myself long-term, or if I will eventually try to sell the product design to a third party. I already have a third party in mind, and I think I have a good chance of getting them on board if I choose to. I've assumed that I'll need to patent my product to have even a chance of selling the idea later, but -
      6. Patents - they're expensive! Or so I've heard. Is it really that bad, and do I have to deal with a lawyer? Are there lower cost resources that won't end up stealing my idea or giving me a pittance in exchange for it? I'm new and dumb and exactly the kind of first-timer that I can imagine getting a lump-sum that feels very high, only to find that I undervalued my product. Or, on the other hand, I could over-value the idea to the point that I foolishly turn down a good offer and never get it sold.

      I also plan to make additional products that don't pertain to my industry in the same way, which I might sell on etsy or something. I've done this a bit before, and it went just fine. This is just the first time that I've had the potential to make enough money to matter for tax purposes, and the first time that I'm selling a tool that costs enough and could be distributed widely enough for there to be an increased chance of someone becoming upset if they break something with it and try to sue me or some such nonsense.

      Has anyone here ever tried to start a small business like this? Or interacted with the US patent system?

      Any advice or anecdotes are welcome!

      28 votes
    2. Do you own/run a business? What is it, where is it, how do you get customers?

      Businesspeople of Tildes, what do you do? I want to hear about people running and owning businesses, whether they have employees or are freelancers. What do you do? Where are you based? How do you...

      Businesspeople of Tildes, what do you do? I want to hear about people running and owning businesses, whether they have employees or are freelancers.

      What do you do? Where are you based? How do you find your customers? Can you live 100% from your business? What do you like most about it? What would you do differently? What bothers you the most about it? How did you get the idea?

      38 votes
    3. How has inflation changed your quality of life?

      About every six weeks, I go on a "stock the pantry" shopping trip to buy long-keeping items and non-perishables in quantity - cat food and litter, Costco, etc. After two hours of shopping...

      About every six weeks, I go on a "stock the pantry" shopping trip to buy long-keeping items and non-perishables in quantity - cat food and litter, Costco, etc. After two hours of shopping yesterday, I was a little shocked to realize I'd spent half of my take-home pay on a trip that previously was about 25% less expensive. No one item had drastically increased in price - everything had just gone up that much.

      [I'm also smarting because my primary care physician announced she was switching to a concierge care model, and I just made the first quarterly payment. U.S. healthcare sucks so badly that I can't take a chance on the two-year waitlists for in-network primary care M.D.s who provide 10-minute "annual exam" visits in my area.]

      I'm dropping subscription services, buying cheaper conventional food instead of organic, getting generic personal care products instead of brand names and using less of them, cooking even more at home, thinking about making my own cat food, skipping buying pretty flowers for outdoors this year... and still feeling like the budget isn't going to keep stretching.

      I know a great many aspects of Western lifestyles aren't sustainable, and I've tried to do my part to minimize material consumption. But there are so many expectations that you'll pay for perhaps excessive shelter (we didn't need a house the size we have, but it was what was available and affordable), have a car for work, be able to pay for services for things you don't have time, skill, or physical capacity to do yourself, and other monetary drains. I'm losing some sleep.

      What are you doing to cope with exorbitant rents/mortgages, skyrocketing utility and grocery bills, extravagant medical costs, unaffordable childcare and services?

      Do you feel like your quality of life has declined, due to missing luxuries, anxiety, fewer opportunities to connect with friends and family, or anything else?

      Open rant here.

      54 votes
    4. Is there a "Razor" for the idea that "If a Billionaire is against it, I'm for it?"

      Not sure if this is the right section for this post, might be better off somewhere else. But a sentiment I've seen more and more frequently online is the idea that there's a pretty simple "razor"...

      Not sure if this is the right section for this post, might be better off somewhere else.

      But a sentiment I've seen more and more frequently online is the idea that there's a pretty simple "razor" (like Occum's razor, or Halon's) that if a billionaire or huge corporation is telling me something is bad or will hurt people, it's usually a sign that the opposite is true. Or if a billionaire goes on the news and says that this new law is good for the poors and people should support it, it's a good sign to go out and vote against it.

      Do we have a catchy name for it yet? I was thinking maybe "The Bezo's inversion" or something similar.


      Edit: Shout out to /u/Rosco for expressing my intentions from this post better than I could have. The discussion in this thread didn't really go the direction I was expecting and that's probably on me for how I structured the original post.

      I read this as more of a fun catharsis. We're in a society that is getting disproportionately out of whack. Wealth inequality is at a pretty untenable level, the average person is having a hard time getting by, and those with extreme wealth are actively trying to change our media, regulatory, labor, political landscapes to their benefit. I think a big of off gassing is warranted and this seems like a fun to way to engage with it. Obviously it's not actually going to function as a law, like I agree with Tom Steyer's stance on the Environment. But, on the flip side I came across the voter guide in the Palo Alto Daily in 2020 and it was literally the exact opposite - on every single proposition - than what I was planning to vote for. So it also kind of works? Regardless, it's harmless fun.

      46 votes
    5. Are there alternative ways to invest savings?

      What are some ways to grow your savings without investing it into the stock market/401k? In short, I don't want my savings to fund giant corporations. It seems like most mutual funds can't exist...

      What are some ways to grow your savings without investing it into the stock market/401k?

      In short, I don't want my savings to fund giant corporations. It seems like most mutual funds can't exist without a portfolio of such corporations despite calling themselves green or ethical.

      I've been storing funds in CDs or HYSEs but wondering if there are any other avenues.

      38 votes