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    Please share your experience with selling ads

    MARKETING 
    Hello All, We have a we based business. Currently, we get no revenue from traditional online advertising. We are able to monetize by selling our own product and have chosen to focus on building traffic and our own product offerings instead of advertising. We think we have gotten to the point...
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    Confused about divorcing your time from money in relation to liquidity even

    My husband and I have a business that is divorced from our time in the sense that we make money whether or not we work. However, we are still working 60+ hours a week because our goal is to build our brand/revenue to the point where we can have an 8 figure liquidity event. While it would only...
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    Succession Plan

    My husband and I met with our lawyer/cpa last week and he gave us some advice about forming a succession plan - a plan for what we would do in the event that my husband/head of the company died. While not a pleasant topic, it is important for those of us who own businesses and have...
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    Another Mistake: Equimpment Purchases

    Last year, we bought a bunch of equipment and expensed it. I filed the receipts and invoices just like I normally would. After doing some reading, I realized it would be better for us to capitalize the purchases, rather than expense them and take a 179 deduction. A 179 deduction allows...
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    My 30k Affiliate Mistake

    I was running some year over year financial reports and was reminded of a big old mess of mistakes that I made last year that might be helpful for some people here. We run an affiliate program through Commission Junction. Last year we: 1. Didn't screen our affiliated very well - we would...
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    People with video experience - how to rent out a studio

    We invested 300k in a production studio a few months ago because we wanted to make high quality videos for our website. This has gone very well and views of our videos have increase 20X. However, we only use the studio 6-10 hours a week and all of this expensive equipment is just sitting...
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    How did you/do you live like no one else?

    Curious from others who have started their own business or are working on it, how did you/do you live like no one else? Five years ago, when my husband was getting his business going we: 1. Lived on $1100 a month for 18 months. We didn't have a mortgage so that helped. On the other hand, we...
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    Hello from Las Vegas

    Greetings! I recently picked up MJ's book on kindle and decided to join this forum in order to engage in generative exchanges with like minded people. Currently, I work full time managing the finances/details of my husband's e-commerce business (small business 10 employees and about 20 1099...
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