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  1. jesseissorude

    Should my Parents Invest in my Cousin's Business Idea?

    IDEA INVESTING 
    Putting this in "Investing" even though I think it could also fit in "People & Relationships." My cousin is a pharmacist of 20 years and has invented a doodad that makes dispensing prescriptions easier. She's asking my parents to invest in her idea. My parents are wealthy (they've just...
  2. jesseissorude

    1-yr Self-Employed; Am I a Failure-in-Progress?

    EXECUTION RANT 
    I've run my side-hustle for years, but went full-force into it this past year after a layoff. (I have a progress thread in my sig, but I stopped updating it when I realized I was posting and lurking as a way to feel productive.) My goal has been a $5k month. With my scaled-back expenses and...
  3. jesseissorude

    Prototype done. How to price my product when my goal is marketshare acquisition?

    I finished a prototype of my product. Each unit costs $75.28 (in future runs I can get this to $50-60, but I'll use the proto costs for initial number crunching). But, what should my final retail price be? Are there any rules-of-thumb I could use to find an appropriate markup? I have a good...
  4. jesseissorude

    Where to Start with Instagram 2019

    SOCIAL MEDIA MARKETING 
    About me: I've been using Instagram since the first year it came out, but only with a personal account. I didn't want strangers following me, just friends. The app itself was all I ever needed for liking, commenting, and adding my own media. Now that I'm trying to grow a business profile, I'm...
  5. jesseissorude

    Re-intro: Laid off. Side "business" is a mess. Scaling back up from 0

    INTRO 
    Hey all! I've been lurking a lot more and figured I'd re-introduce myself. Title says it all. I neglected the business I started in 2013 because I found a steady contract with a fun, exciting tech startup. Awesome benefits, I worked from home, they flew us to other countries just to party...
  6. jesseissorude

    My Friend hasn't paid Canadian Sales Taxes since 2014. Next steps?

    TAXES | REGS 
    Title says it all. He hasn't filed 2014-2016 (but paid 2017) He doesn't have a big business... just a one man consulting gig editing videos. Canadian Revenue Agency called him and he owes between CAD$4.5k-6k. I'm trying to help him out with advice, but I'm in the USA and have no experience...
  7. jesseissorude

    I don't want to contribute to an IRA. Am I nuts?

    INVESTING 
    Hola my kittens! I don't want to contribute to a tax-advantaged IRA or Roth IRA since I can't pull my money out until age 59.5.* I want to invest my money in a normal brokerage account, so I can liquidate and invest it elsewhere if an opportunity comes up. Am I crazy? What do you think...
  8. jesseissorude

    Designed a Product for a Company to Make and Sell - What % of each sale should I ask for?

    An electronics component selling company asked me to design a kit for them to sell. They sell all the components and would just bag up the kits and stick in instructions and sell it. No work on my end, but the product would have my brand name on them. What percentage of the profit should I...
  9. jesseissorude

    Retirement Account for Self-Employed

    INVESTING 
    Hey all! 2015 was my first year that I was fully self-employed, and not just doing my business after my normal work hours. I'm finishing up my personal taxes, and I thought I'd ask you guys what you are doing for retirement investing. I'm so used to a company having a 401(k) that I pay into...
  10. jesseissorude

    When should I get a UPC?

    I only have 5 products right now, and mostly wholesale to small boutique stores (plus some online sales through my own site). Should I get a UPC? How important is it, and how does it make things easier for stores (no one has complained yet)? If I should get UPCs, should I: - pay GS1 for a...
  11. jesseissorude

    How does one analyze an investment? Example given: convertible note

    INVESTING 
    So over a year ago, someone presented me with this investment opportunity. It sounded good, but I don't have the financial wherewithal (yet) to know if it was a good or bad deal, so I passed. Still, I think it would be a good opportunity for me to learn how I could have handled this. The deal...
  12. jesseissorude

    Is there a vacuum created by Radio Shack locations closing?

    I work with electronics and a week ago, my solder-sucker broke. If you don't know, that's just a little hand-held desoldering tool. I knew over half of the radio shacks had closed, but DANG! I can't find a solder-sucker anywhere, even at the one Radio Shack left open. I had to run all over...
  13. jesseissorude

    What do you guys do for accountability? Experimenting with an accountability partner

    MINDSET 
    Starting a business, for me at least, feels a little bit like living on an island. That's part of the reason why I joined up here, met some local entrepreneur groups, and reach out to people I admire. This Friday, I'm starting to do a weekly bro-call with a guy in a completely different...
  14. jesseissorude

    How to craft affirmations?

    MINDSET 
    So many people I admire swear by affirmations. I personally don't know if they work or not, but I'd like to add them to my morning routine. My problem is that everything I google about it is a eHow, Wikihow, or Yahoo! Answers article about how to make affirmations. Even searching the topic on...
  15. jesseissorude

    Ex-Rocket Scientist turned music electronics manufacturer

    INTRO 
    Hey kittens! I joined the forum a while ago and lurked, but I only started posting yesterday. Basic bio: I graduated with an EE degree in 2008, and worked as a software dev contractor while I got my Master's Degree in Business Management. The idea was always that I'd own a compnay, but...
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