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  1. S

    Business Structure Basics

    HOT! 
    Here's CHATGPT'S answer for what happens when you have an LLC and try to apply for an EIN as an S-corp: Since you’ve formed an LLC, you should select **"LLC"** as the entity type on the IRS EIN application. Here’s why: 1. **Entity Structure vs. Tax Status**: The IRS considers LLCs and...
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    Business Structure Basics

    HOT! 
    My question is: at what point do you go from LLC taxed as an individual to LLC taxed as an S-corp? I started my business 3 weeks ago. People have been zelle'ing me money and writing checks out to "Sonny Sacks." It's time to get serious about my lead gen (shoutout @Johnny boy ) and being able...
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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I have a client who has a Housecall Pro account with like 167 reviews and a bunch on Yelp too. Apparently Yelp’s policy is they’ll only allow 3 reviews to be shown on his website and Housecall Pro said it’s against their policy to migrate a review from where it was originally published.
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    ChatGPT AI is a huge breakthrough, a Google killer

    - AI - 
    So true
  5. S

    Anonymous review site to bring light to a shady industry.

    HOT! EXECUTION 
    Will do.
  6. S

    Anonymous review site to bring light to a shady industry.

    HOT! EXECUTION 
    After you said this I realized how right you are. I stopped thinking about ideas and decided to dive into starting a business making websites. I stumbled across @Ravens_Shadow thread on setting goals, not breaking the chain, and brain dumping on a white board... been doing it everyday so far and...
  7. S

    Anonymous review site to bring light to a shady industry.

    HOT! EXECUTION 
    Ended up shutting the site down in January of this year. Still have the zip file and all the data though. Figured I should try my hand at garage cleaning and web design again. Made a Nextdoor page and posted some Craigslist ads yesterday for garage cleaning. I wanted to do a direct mail drop...
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    Inspired by MJ's canker sore story in TMF

    IDEA 
    In college, I worked full-time and went to school full-time. I was self-supporting with my own apartment, bills, etc., but I had a mission to graduate without any student-loan debt. I was forced to get really good at managing my money. I tried different Excel templates, money management apps...
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    Is This Skewing Value... or Stealing?

    IDEA 
    Yeah you're right thank you. I just read TMF part about how great businesses are seldom an legendary idea and more of taking an already established idea and skewing value. Wasn't sure where this fell on that spectrum.
  10. S

    Is This Skewing Value... or Stealing?

    IDEA 
    I follow a podcast that has gone from like 10k subscribers to 50k subscribers in the past year. I'm expecting the pod's trajectory to blow up in the next few years. The pod has merch that is only available on the pod's site. Problem: the website is absolute garbage. It was so bad I must've...
  11. S

    This 20-Year-Old Student Started a Side Hustle With $400 — and It Earned $150,000 Over the Summer

    Bump
  12. S

    Alright. I'm done F*ing Around.

    EXECUTION 
    You know what’s a real problem. ER waiting rooms. I’m in the ER with my friend right now. We’ve been here forever. Surrounded by sick people. We’re hungry and cold. They have no vending machines and the AC is way too high. What would be super awesome is if there was like a ER “Lounge”...
  13. S

    Alright. I'm done F*ing Around.

    EXECUTION 
    I hear you guys. I’ve read a lot of books about the natural blueprint for male and female relationships. Stuff from the Tao, traditional Chinese medicine, indigenous African and Caribbean tribes, the Tantra, etc. that stuff has always interested me. There’s a common idea of getting the right...
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    Alright. I'm done F*ing Around.

    EXECUTION 
    It does thank you
  15. S

    Alright. I'm done F*ing Around.

    EXECUTION 
    He said that when it came time to actually pull the trigger and fork out the money to get it manufactured he ghosted the factory. That was 3 months ago. I just got the conversation going again with the factory. I wanted to market specifically to women because I read this thing about how women...
  16. S

    Alright. I'm done F*ing Around.

    EXECUTION 
    Wait, wait, wait. I've been doing research and found that most, if not all of the current ingredients, although good for men and women, also have specific benefits to women's hormonal balance and menstrual health that I can emphasize in my marketing. Of that list I replied to you with...
  17. S

    Alright. I'm done F*ing Around.

    EXECUTION 
    Originally, I figured since it had collagen in it, it would be more attractive to women because collagen is good for the skin and hair. I'm afraid my business partner isn't gonna like me coming in and drastically changing the recipe. I know it's for the best and I can probably sell him on the...
  18. S

    Marketing as Your Only Value Skew (Somewhat Scammy)...

    MARKETING 
    What is BUFF marketing?
  19. S

    17-year old cleaning rain gutters

    EXECUTION 
    Little brother complaining about needing money to take his gf out. Can't find a job. Told him to clean rain gutters. He got overwhelmed with licensing, insurance, start-up costs. Sat him down the other day... All we need is a customer. 1. List what you need to get the job done. 2. Call 8...
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    Alright. I'm done F*ing Around.

    EXECUTION 
    Super Greens powder. Top 2 selling on Amazon are basically the same stuff. Can only deviate from a super greens powder so much. Factory found. Specialize in supplement manufacturing with good communication and response time. Lucy (factory contact), provided all the info I need (nutrition...

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