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Recent content by SpinnerRedPenny

  1. SpinnerRedPenny

    Private Labeling Travails

    IDEA 
    I hate to open this back up again, but the supplier balked and retracted the offer. We had to put the supplier on "Strategic pause," which worked in our benefit as we shifted focus to a different side of the business.
  2. SpinnerRedPenny

    Why you should buy a home as early as possible.

    GOLD! HOT! ASSERTION 
    @NervesOfSteel I'm with you in this. My folks' neighbors offered to sell me their farm in 2014 for just under $300k. I spent several days building spreadsheets, poring over plat maps, and literally getting into soil types and expected crop yields. My analysis determined that it would take...
  3. SpinnerRedPenny

    Private Labeling Travails

    IDEA 
    I wanted to close this thread out with a note that we all reached the desired compromise [the supplier is now willing to offer a private label deal for the seller] and everyone seems to be happy with it.
  4. SpinnerRedPenny

    Private Labeling Travails

    IDEA 
    @StrikingViper69 out of curiosity, did you also used to fly Vipers? Thanks for the feedback. I'll see what I can scrounge up that might be relevant. Both parties are startups and neither have a history of performance to relate to, so there are literally no specifics relevant to them. I'll...
  5. SpinnerRedPenny

    Private Labeling Travails

    IDEA 
    Thanks for taking this one, @MJ DeMarco. I was asking for feedback on the ideas I was developing to convince the originator/supplier to acquiesce to the private label agreement. I think the supplier is more likely to compromise than the seller. But neither am I sure the supplier will compromise...
  6. SpinnerRedPenny

    Private Labeling Travails

    IDEA 
    Hi Entrepreneurs! I'm turning to you all in the hopes of receiving feedback on a quandary I find myself in. I've been trying to broker a sales agreement between an original service provider (the SaaS equivalent of an OEM) and another seller. The OSP wants the seller to be a reseller. The...
  7. SpinnerRedPenny

    Fear of Failure

    INTRO 
    This won't necessarily change when you're on your own running a show. The difference is it will be the customers telling you to do stuff; you may or may not be in a position to disregard your customers. There's also a decent chance that you'll dislike being broke even more than disliking your...
  8. SpinnerRedPenny

    Need programmer

    PEOPLE 
    My team is currently using DTrue Technologies (www.dtruetech.com). They're substantially better than the prior folks.
  9. SpinnerRedPenny

    Finding employees abroad for remote job.

    Universities in Europe most likely cannot provide you student lists, as it would run afoul of the General Data Protection Regulation (GDPR) [one of the only good things about living in Europe, in my opinion]. When you search LinkedIn, you may be able to include the names of universities you...
  10. SpinnerRedPenny

    Finding employees abroad for remote job.

    @Mr_G searching LinkedIn is probably your best bet. Established companies use it. Xing is a similar option in Germany but has less reach; one of my German entrepreneur friends thinks it's dying. I'm not sure about other countries but at this point in time LinkedIn and Facebook are the ubiquitous...
  11. SpinnerRedPenny

    Architect in Germany

    INTRO 
    You are quite welcome, Verena. I'm on LinkedIn or Xing as Christopher Penningroth or Chris Penningroth; those are good places to connect for business in any case.
  12. SpinnerRedPenny

    What corporation to choose living in Germany?

    QUESTION 
    I'm not sure why they make it so complicated to take nearly all of your income, but they figure it out, don't they? @theag is right on the money. A good Steuerberater is worth his weight in gold. @Marco L: As you go farther down the road, expect to have to register with the Allgemeine...
  13. SpinnerRedPenny

    Architect in Germany

    INTRO 
    Grüß Gott, Verena! My wife is a commercial real estate attorney in Munich, I wonder if she's worked with any of your firms? I live in an area that is rapidly tearing down old bungalows and constructing multifamily (i.e. space-limited) condominiums. I can walk out my door and see at least four...
  14. SpinnerRedPenny

    26 and going for first £3000/month

    HOT! EXECUTION 
    Congrats on passing your multiengine instrument checkride!
  15. SpinnerRedPenny

    Starting a book business? Any advise is appreciated

    SIDE HUSTLE 
    Hi @SudeepRaj! I couldn't find any information quickly regarding average salaries in tier 2 cities (I'm not sure how to translate Rs ___ lakhs per annum into a number I can understand). It looks like there are universities in tier 2 cities, and if the work-from-home or work-from-anywhere trend...

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