r/Business - Top Weekly Reddit
Brings you the best of your business section. From tips for running a business, to pitfalls to avoid, /r/business teaches you the smart moves and helps you dodge the foolish.
From everything from:
- Cars (Lamborghini, Ferrari, Maserati, etc.)
- Wine (Italy is the #1 exporter of wine)
- Fashion (Gucci, Prada, Dolce & Gabbana)
- Furniture (Longhi, Naos, Catellan)
- Eyewear (Luxxxotica owns 80% of this market)
Like why does Italy dominate this specific category and industry?
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They are now talking about 50% tariff. This will drive business owners crazy. How do you handle this roller coaster?
Market is loving it. Stocks are flying high.
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I work in Financial Services and have done for years. I have enough capital behind me to be ok for a good couple of years if I earned nothing at all.
A business is up for sale, 25 yrs established, good revenue stream, reputation location and the vendor needs to sell due to health.
Iām looking at my next 10 -15 years of working life and need to make a decision on what I want.
Why should I not buy a business of this type? Ps Iāve always liked the idea of having my own business and Iām in a financial position where I could take a plungeā¦.
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They revert back to the norm instead of allowing remote work because they have no way to accurately measure productivity outside of metrics that can either be fudged or completely circumvented.
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I got an offer to buy an existing laundromat for 400 K. The Machines are about 10 years old. Space is about 3700 sq ft, and it's on lease. total machines: 30 washers and 31 dryers.
Space - 3700 sqft (current rent is based on very old lease terms and it is 18$ per sqft).
utilities about 100 K.
Payroll is 45K
Total expenses reported were 180K before the rent increase. After increase, it willbe at least 220K.
So, total revenue is not reported properly as per the owner, as he is taking salary out of the revenue. He does not have proper accounting. But with the help of agent, we were able to read the data from each machine and turn the data into a computer. We went through the last 14 days, and the total revenue came to about 9700$ for washers and 2400$ from dryers. So total revenue based on the data we ready is about 12100. Just to prorate per income ~ 26 x 12100 = 314600.
He has other vending machines for which we did not get any estimate. So that is not included here.
Cash flow with this coming to about 314600 - 220000 = 94600. (estimation based on the turns data read from each machine)
Not sure why, but the current owner has a price per wash at least 25% more than the nearest laundromat in 5 miles. Not sure if that is impacting his business.
The place is ok maintained. The owner does not address bad reviews on social media.
Almost no WDF and PUD service. I see some potential here based on the demographics around.
So given this situation. Is there anything I can ask him during due diligence?
Is the price of 400K right?. Is there any way the owner might be tampering with the turn's data as he is trying to sell?
If you have any questions, I will happily answer! Thank you
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Okay, is anyone else feeling the pain of shrinking merit budgets? This year, I had to stretch an already thin 3% pool, and convincing managers not to just give everyone the same percentage was like herding cats. Sure, we try to tie it to performance, but when the pool is this tight, it doesn't feel satisfying for anyone. Employees quietly grumble because 'no one's salary is actually moving,' and HR is stuck awkwardly explaining the company's 'budget priorities.' I'm starting to feel like we need to revisit the whole philosophy around annual raises. Motivating people with a less-than-inflation increase isn't working, especially when external offers look so tempting. Anyone else grappling with this? What are your organizations doing differently to address retention and motivation in this economic climate?
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I need help and advice, I havenāt been able to find a job in a year and I am struggling financially. I am applying to business analyst, financial analyst, business development rep, project manager, account manager, data analyst, pricing analyst positions and have found nothing. I get some interviews, interviewers like me, I get to the second sometimes the third and then I get ghosted. I donāt know what I am supposed to do. Is everyone struggling like this? My resume has over 4+ years of experience (I was working at my dad friendās all throughout college) I have had my resume looked at by multiple experienced friends of mine who are also doing business. I feel so stuck.
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A crucial lesson from Benjamin Grahamāthe legendary investor who was a dear mentor to Warren Buffettāinvolves how different investing is from the other things we do.
April 21, 2025
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I've been working on my fashion brand in China for nearly a year now (many ups and downs with different manufacturers). With the global trade tensions rising, I'm wondering if it is worth exploring other options.
China was ideal because it can scale fast + great materials + my 3PL was there so I don't need to ship it out of the country.
If you have a fashion brand or any advice what are you doing?
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we are an international logistics company based in China, we have a lot of daily merchandise in our warehouse in LA, so we can sell it for a very cheap price like 2 dollars a piece, how can we create a small business to sell it directly from our warehouse
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Really stupid question. I know Iām kinda stupid for doing this lol. I have an old corp that I havenāt done anything with and now would like to put it to good use. Incorporated 2017. Itās still active. I didnāt even have a bank account until today. Just opened it. Nor done taxes. I kinda need to āclean it up.ā Taxes, etc. To get everything up to date. Can someone plz explain to me on where to start lol.
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I am looking into designing a restaurant app/website based business.
Other than using paid ads what would be ways to monetize it?
I thought maybe I should provide a lite version where users can upgrade but other than that what would be other ways this can be monetized?
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I've been trying to go into business with someone, but our situation is awkward and gumming things up for the time being. I've already got the website registered, and am ready to start rolling features out to try to make an income. Note that this would be the first time either of us would be starting a business.
I have bad credit so a business loan for me is pretty much out of the question, but she (the partner) has great credit, can get an SBA loan, and is willing to register the business in her name (under the brand I came up with) in my state to get financing, then hire me as an employee (and as a secondary business bank account user)... but isn't sure when she can move here. I could move to her state months from now but it seems like a bigger gamble and she may have less startup opportunities there with it.
While I'm working on the website and all the resulting tech stuff, I just want to get things hooked in and trying things out to see what makes income. The current plan is sort of stalling things. She isn't tech savvy, and the brand idea and vision is mostly mine.
I just want to register the business with the brand under my name, in my state, get the bank account (I already have a dedicated phone number and virtual street address), and just get things rolling. I've told her that she could register her own company in her state as something like "Flower Ventures LLC" and then invest in me or do a partnership or affiliation or something (she's good at networking and has gotten some clients so far but they're waiting for me to finish building out infrastructure). She's said she doesn't really want to do her own separate, and may drop the whole thing if I insist on it.
So... I'm back in limbo š Thoughts?!
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