I might not be able to help but I’m in so cal and am happy to commiserate and just listen if you need.
I might not be able to help but I’m in so cal and am happy to commiserate and just listen if you need.
Go sell something! Show it off call people post on LinkedIn(or applicable social platform) do demos etc etc. go hustle. The whole build it and you will have customers doesn’t happen. Go hunting.
If the bank thinks you will/can pay them back, they will loan you money
I was in BNI forever and it was good for me in the long run but the last 2 years tailed off due to Covid and I just loathe interest in making it work.
I’m not in any exclusive networking groups atm just to much time commitment for the return atm.
Came here to say this. If you follow the irs rate then you are in a good place.
If it’s working I’d probably just leave it alone for a year or two and then only make changes once you understand the company more.
Immediately changing things for the sake of changing things is going to likely make it much harder to get them on board with new ownership.
Training is an investment and I wouldn’t invest in someone who’s leaving. Use that money to train in a new person imo.
I think the correct title is the one that makes sense to you. It could be general manager, president, director of ops, ceo. What do you think would give you the most freedom in your life?
I’m going to suggest that you work with a broker, CPA and or a lawyer. It will cost you more but probably save your butt in the long run. One of the areas I wish we’d spent more on in the beginning was professional services in these areas.
If you hate it. You won’t be as successful as you could be.
It’s far better to move on and do something you can at least enjoy sometimes.
I own an IT service business and sometimes I wanna sell for like 50 bucks. But most the time I feel like we are doing next level kind of stuff that really matters. You have to have some good in your business life to look forward to.
So we have one main number we use and all outbound calls appear as.
We have 3-4 direct dial #s we give out for sales or a manager to get a direct call in.
You absolutely can put calls on hold with VoIP(obviously it could depend on provider) but I haven’t seen a system that can’t. With the provider we use it’s typically 25/us per extension per month + tax
We are a managed it company that does a lot of voice work for clients. So if you have questions feel free to ask.
This is so true. We added 60-80 customers in 3 years and have spent the last 9 rightsizing and firing. We now have 27 customers and 5x the gross revenue and profit is way less stressful.
One of the biggest mistakes was not realizing insurance was based on gross revenues.
We estimated 100k for example and did like 300k so we paid more in our insurance audit then we did for the year.
Also minimize debt anyway you can. We have a credit card we use but it’s typically paid off every couple of weeks.
Find a bookkeeper or CPA that can help you set your books up early or from day one as it makes it easier to understand later.
I would talk to your CPA and payroll company. An s corp requires reasonable pay so you’re paying social taxes on yourself. Be careful trying to game the system.
Our team is managed it services(fractional enterprise IT department). Primarily focused in so cal but can handle and work with fully remote teams across the country.
We work with clients to provide multiple layers of security, productivity and planning.
etoptechnology.com 951-398-0021
We do managed IT in so cal and we’ve been a little slow first half but just going crazy keeping up second half.
We’re starting to trend up pretty good. First part of year was just very even. But now going up.