Personal Loans

by Regular-Marsupial-57. Posted on Oct 24, 2020

When getting a personal loan from a bank, do you have to bank with them first or can you just apply without having a relationship with the bank?

My credit is excellent 760 The loan is to rehab a house

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Seeking advice :)

by luizfelipe_la09. Posted on Oct 24, 2020

Lately I have been looking for ways to become Financially Independent. I'm from Brazil and have been trying side hustles, the problem is that I lack ideas for gigs. This group is amazing.
I have a small store that's starting on TeePublic and tried working on a business for ESL Worksheets. I still haven't gotten results and I'm kind of newbie in this. Any advice for me? My biggest abilities are Teaching (I can teach English) and Design (I have a portfolio on Instagram), but I don't get as many clients (I kind of suck at finding clients). I also like writing and want to learn more to achieve FIRE.
Any suggestions?

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Just Launched My Clothing Brand

by Obi_745. Posted on Oct 24, 2020

Had this idea for the long time, but finally decided to make it a reality.

Designed all the graphics by myself (it ended up to be harder than I thought).

Here is the final creation: **Can't post a link :/**

I wasn't sure about actually posting a link to the store (knowing the general dislike for self-promotion), but if anyone wants to check a complete store, let me know.

The brand is called Animo (That word actually have a definition, which I didn't know until now.)


Twitter page if anyone wants to check it out: animo_shop

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Sustainability and Business? (ALL perspectives welcome!)

by encirkl. Posted on Oct 24, 2020


I am running a bit of personal field research into the topic of environmental sustainability and business from a small to medium-sized business perspective and would love to hear your insight into the following question:

From your perspective, how can environmental sustainability create REAL and TANGIBLE value for SMEs?

I’ve kept the question relatively open as I would love to hear an array of different perspectives from people from different sectors/organisations.



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Mark Cuban invested in my startup

by Gwynning619. Posted on Oct 24, 2020

How I got Mark Cuban to invest in my startup...

A friend of a friend started an app to help people find gluten free restaurants. He was getting 800 app downloads a day and doing $0 in paid marketing. How? Local SEO. I came on to help grow sales and marketing.

Within two months we got Mark Cuban to invest. How? He owned a pizza chain at the time called Naked Pizza that sold gluten free pizza.

We were looking for easy ways to grow our brand and created the FOGGY Awards (free of gluten). It was the Oscars of the gluten free world and we highlighted the top people in the gluten free world. Bloggers, CEOs etc. Mark wanted Naked Pizza to sponsor it so we did that, featured his restaurants and got him to invest within a week.

We kept growing and sold the company a year and a half later after growing to 2,000,000 users.

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Do you use custom software?

by TheDrKingKow. Posted on Oct 24, 2020

Do you use custom software?

If yes, what is/are the biggest advantage(s). If no, what is/are the biggest reason(s) you don't.

I'm trying to see what the main pros and cons are from people who actually own small businesses rather than random articles online. Thanks a bunch :)

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Electronics and Hardware Subreddits

by Redknightz. Posted on Oct 24, 2020

Hi All,

I am in the process of trying to build a startup for Wireless Earphones. I am a Mechanical Engineer and have skills in CAD design with Solidworks and also have a 3D printer to design crude enclosure prototypes. But the areas where I am really looking for help to improve in are circuit and schematic design, PCB design, and Firmware development.

Is anyone aware of other communities on Reddit that are really helpful for learning and answering questions in regard to those areas?

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Good Themes for woocommerce

by ANSHULGANDHI92. Posted on Oct 24, 2020

Some context: I am building an online e-commerce store for modern and educative toys for both kids and adults. The website will have more than 200+ products. I am not trying to build just an eCommerce website, each product will also have an in-depth review and overview of the product. Some of the Features and Functionality the website will have:

Online Marketplace, Rental option, In-depth review and overview of each product, reservation and booking functionality, one-click checkout, real-time shipping rates, standard as well as dropshipping, and other customisable functionalities.

The look and feel of the website matters.

So, can someone suggest some good free and premium themes and templates for woocommerce? Themes that are playful, fun, simple, beautiful, etc

Some reference to the type of themes and design that I would like



format of invoice so that the address will appear correct position in envelopes?

by Redditmoneys. Posted on Oct 24, 2020

Hello, I want the address on my invoice to be in the correct position to show up in the A5 window envelope window.

Is there any invoice template which gives you the correct position to write addresses, so that theyl be visible when you stick the invoice in envelopes?

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Taking over the world is a recipe for failure. Start tiny instead - Lessons from Airbnb Part 2

by Younglingfeynman. Posted on Oct 24, 2020

Some lessons we should learn from Airbnb.

TLDR: Lesson 1: It’s possible for you to make things better. Lesson 2: Solve your own tiny problem. Lesson 3: Validate quickly and double down when it works. Lesson 4: It’s easy to connect the dots ex-post-facto. Lesson 5: Finding product/market fit from day one is fiction.

We’ll cover lessons 2 and 3 today.

P.S. This is part of an in-depth 4 part essay series. Part 4 ships tomorrow at noon (+1 GMT).



When Brian moved to SF and decided to live with Joe to figure out what their billion-dollar startup was gonna be, he quickly learned that in order to make rent in SF, you have to sell a kidney. Probably both if you’re one of those fancy, pampered types that enjoys the finer things in life such as, you know, nutrition.

He didn’t have his part of the rent though ($1150).

But that weekend, there just so happened to be an international design conference at SXSW, and they noticed that all the hotels on the website were listed fully booked.

They figured: well, designers are gonna have to stay somewhere, we don’t have the money to make rent, so what if we made a makeshift Bed and Breakfast?

[Joe Gebbia showing the email he sent Brian that kicked off Airbnb, at his Ted Talk in 2016. ]

But Brian and Joe didn’t have any beds. However, Joe had some airbeds leftover from camping so they changed their idea to an Airbed and Breakfast (Airbnb).

They ended up hosting a 35yr old woman from Boston, a 45yr old father of 5 from Utah, and a 30yr old man from India. Oh… and they made rent.

If you just want to read about Airbnb, skip the following section and pick back up at: BUILD SOMETHING SMALL THAT YOU WANT AND THINK IS DOPE.



Notice that they weren’t trying to build a unicorn. They just needed to make rent and it seemed like a cool, fun thing to try.



This is a surprisingly common theme in startups. Travis made a similar remark about the origins of Uber: 

>‘’When we first started it wasn’t about taking over the world. It wasn’t about taking on corruption in every city around the world. It was actually just about being baller in San Francisco.’’

Because literally every POS article on Business Insider type websites doesn’t have the accurate quote and more annoyingly can’t be bothered with a source either, here it is:

[Travis Kalanick at Startup School 2012 (2 years after founding Uber).]



Back when computers were expensive, Woz built his own because he wanted one for himself. That was the origin of Woz, Jobs, and for 12 days Wayne’s, Apple.

>‘’I had no idea that I was taking exactly the right steps up this nice smooth ladder that leads up to the Apple II.’’

Notice the nice smooth ladder he’s talking about. You start small and incrementally work your way up. You don’t start with the vision of the trillion-dollar Apple we have today.

>‘’I told my father: ‘Someday, I’m gonna own a 4K Nova Computer, so I can write programs.’ And he said: ‘That’ll cost as much as a house.’ And I said: ‘I’ll live in an appartment.’ I would rather have a computer in my life than a house.’’ 

[Woz at the Haas School of Business]


>‘’I was giving away the schematics, passing them out. No copyright notices, no nothing. Passing out the listings of the code I wrote to other people in my club [The Homebrew Computer Club]. I was saying: ‘Here, you can build your own.’ And nobody really had the time to build it. And, so Steve Jobs came by and said: ‘Why don’t we make a PC board to save them the time to build it.’

[Woz on early Apple]



There’s this idea that in order to change the world you have to start with the vision to cure cancer or build a quantum computer or something.

I don’t really like that approach. Maaaybe it’s useful for a second-time founder but for a first-time founder, I think it’s way too overwhelming.

When you’re ambitions are so grandiose, it’ll scare you into inaction.

We know from BJ Fogg’s work (2009) on behavior science that if ability is low (something is extremely hard to do), then even with high levels of motivation, behavior won’t occur. And reminders (called prompts) will just make you frustrated. 

But there’s another problem too. Namely, there are just so many examples of solutions to tiny irritations that escalate into big companies.

There are a few reasons for that but one of them is that it brings clarity, simplicity, and focus. My favorite example of this is The Point vs. Groupon. [4]

So be open to solving small problems in your life. Yesterday I saw Mikael Cho, founder of Unsplash, talk about this on Twitter. It’s a good reminder that small stuff really can become big.

[Cho's tweet. My $0.02.]

And if after that you’re still inspired to tackle the hard and obvious problems, you’ll be in a much more favorable position. [5]



They went from idea to execution fast. There was no complex infrastructure. No complicated back-end designed to handle the influx of millions of people. No, it was all very ghetto. We need to pay the rent, so can we get 3 people to pay us $80 to stay with us and sleep on our Airbeds during the conference?

Most of the time when founders do that stuff, it’s just another way to hide.

One of the best models we have today is the Kagan Validation Model: Get 3 paying customers in 48 hours without spending any money. (Sumo Group founder and early Facebook/Mint employee Noah Kagan.)

Sure, that might eliminate ideas that would’ve worked had you spend more resources (false negatives). But it also prevents you from spending months or even years on ideas that are never gonna work (false positives). 

Since the latter is a far more common problem, it’s more important to prevent that from happening.

By making the system overly sensitive, you’ll prevent wasting resources on ideas that’ll never work and the stuff that does make it through your filter is much more likely to succeed.

Think about it. If you can presell something based on a phone call then that leaves all the tools in your toolbox available to grow it. Whereas if you launch with the perfect product and marketing after years of refining it behind closed doors, then where exactly are you gonna take it from there? What’s left to optimize?

This does beg the question: ‘‘Why make the system overly sensitive in the first place? Why not adjust it so it’s perfect?’’ Because that’s not possible. There’s no way to create a system that will sort good ideas from bad ideas perfectly. So you’ll always have to be biased toward identifying good ideas and throwing away good ones that seemed bad (false negative) or identifying bad ideas and continuing to work on bad ideas that seem good (false positives).

This essay Paradigm Shift: Drastically Increase The Odds of Success goes into depth on how to think about false positives and negatives.



[4] From The Right Way To Start A Startup:

>Andrew at the NY Tech Meetup in 2008:‘’The biggest mistake we made with The Point was being encumbered by this vision of what I wanted it to be. And taking 10 months to build the product and making all these assumptions of what people would want, that we then spend the next 10 months backtracking on. Instead of focussing on the one little piece of the product that people actually liked. So, uhm, If there’s any advice that I have it’s you’re way too dumb to figure out if your idea is any good*. It’s up to the masses. So build that very small thing and get it out there and keep on trying different things and eventually you’ll get it right.’’*

[5] Elon Musk is a role model for many founders nowadays but what he’s doing now is much less accessible than what Jack Dorsey, Drew Houston, or Mark Zuckerberg have done. In fact, it was so inaccessible that he couldn’t raise enough from investors. Which is why half a billion dollars in loans from the government was required. As for the hundreds of millions to kickstart Tesla and SpaceX? His own money. Which he made from… yup… internet startups. His first project was a small video game called Blastar. After that, he created Zip2 (Internet version of the yellow pages telephone directory with maps included.), then PayPal.

Also, SpaceX grew in ambition. Originally the idea was just to use 100 of the 180 million dollar payout of the PayPal acquisition to eBay, to get people excited about space again. He wanted to land a miniature experimental greenhouse containing seeds with dehydrated gel on Mars to grow plants on Martian soil, “so this would be the furthest that life’s ever traveled” in an attempt to regain public interest in space exploration and increase the budget of NASA.

As for Tesla, that wasn’t even founded by Elon. Which most founders know but gen. pop. or the up and coming founder might not. The original idea came from AC Propulsion where Tom Gage and Alan Cocconi had built the t zero.

[ ]


Loved this essay? I ship daily essays that make entrepreneurial science digestible for founders and help you blow up your revenue delivered straight to your inbox or WhatsApp.


Created a compensation & offer management software, what are your thoughts?

by bizkido. Posted on Oct 24, 2020

I created a software (won't post name b/c not trying to promote, but you can search my history if you're curious) and it helps with compensation. Currently the system helps create pay ranges, analyze employee's pay, and also manage your offers (approvals, permissions, etc)

We're young, but are doing well, and I just want to gut-check that we're building in the right direction.

So my question is, what about compensation is painful for your company? What is a feature or offering that would make a compensation tool critical for your business?

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Ideas for a hair salon name

by AngelsRevenge007. Posted on Oct 24, 2020

Hello :)

I’m looking for ideas for a unique and simple hair salon name. Idk if it’s the excitement or what but I’m short on ideas and would love your input.

Thanks in advance :)

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I want to open an online business.. but not in CA. How?

by brazian1283. Posted on Oct 24, 2020

I live in California, not the best place to open up a business.

I have an online business idea and haven’t registered it yet. Do I have to open it in CA? Can I open it in another state even though I don’t live there?

I hear of businesses doing this in Delaware? Or Utah? What would this entail?

This is my first business and I’m lost. I’ve even considered moving out of CÁ although this is not ideal since all of my family is here.

What are my options?

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What are the flaws in current online travel booking platforms.

by agustaon. Posted on Oct 24, 2020

I am looking for changes in online travel bookings post covid 19 as right now travel business is at its low. When everything get back to normal what would you like to see on travel booking platforms? Or are they good as they are right now i.e. Airbnb.

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Vendor invoicing noob question

by throwingaway400010. Posted on Oct 24, 2020

Apologies if this is a noob question. If I run an LLC (ex: ABC LLC), are my vendors/freelancers required to send an invoice towards ABC LLC? Or an invoice simply addressed to ABC still works fine for accounting purposes?

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What are these theories in simple words?

by Steffani30. Posted on Oct 24, 2020

Discovery theory and Creation theory in entrepreneurial opportunites.


I'm hosting a free Etsy event on Eventbrite!

by K-LUB_101. Posted on Oct 24, 2020

Come later today for an information/Q&A event about running a successful Etsy business. We wanted this to be accessible for everyone, so this is a free event. You can also use this as a special chance to network with other people working on similar goals.

Here's the link:

There are only 30 tickets so sign up as soon as possible if you know you can make it.

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Husband and wife entrepreneur

by unibeech. Posted on Oct 24, 2020

Has anyone started a business with their partner?

Was it ultimately a good or bad decision?

Are there any general golden rules for working/married partners.

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Future plans for a biotech company

by alphabetaneutral. Posted on Oct 24, 2020

Hi I’m 18 (f) and I have just enrolled in a university and I’m going for BS biotechnology. My plan is to start a business right after my bachelors. I had also envisioned becoming a virologist but I prefer this approach more.

Most people who read this would tell me I’m too young and there’s many years to plan but I’m kind of a restless mind and I need to set a plan. I was thinking to start a business at a small scale first and before that I’d try my best to collect money through internships etc since my family is middle class and won’t be able to make huge investments so I need to earn myself.

Now look, I have no grasp on business sine I had bio chem and psychology in my A levels. I’m a pure science student. I need your help to just give me an outline on what I should do ahead and be prepared about. I want to lead and become successful because biology is the subject which I deeply love with my heart. And I want to do something great for this world.


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Question about physical addresses

by BigBrother700. Posted on Oct 24, 2020

As a result of a recent move, I decided to basically virtualize everything about our business – including going, after much research, with a very popular virtual mail service for our address. Well, turns out it wasn’t enough research: all of my contacts who use them have been doing so for years and never ran into any of the CMRA issues I am now.

It began with our bank: they would not accept my new address as the physical address and so I just used the temporary one where I am now staying but was able to use the virtual one for our mailing. I was hoping that would be the end of it, wincing a bit at what might happen with things like health insurance, etc. Well from what I read the IRS/tax returns aren’t an issue and the health insurance companies seemed to have accepted it without issue. So I thought I was in the clear!

But I just had to update our address with Apple who uses Dun and Bradstreet. They are now asking me for things like a lease, license, things like that. I don’t know what to do. I just changed over everything to our virtual address, filed tax returns, the works.

I would hate to have to cancel and redo everything (who knows what that might entail?) switching to another service with a physical address with lease, etc. I want to just keep the virtual one I have and move forward. Do you have any advice as to what I should do and/or what sort of documents I might be able to provide Dun and Bradstreet to be done with all this?


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