Hi, I'm a chemist with a day job in pharma, and I have been running a chemical startup on the side since 2020, with 2 friends: one handles 2 websites of ours + amazon + our b2b platform, and the other handles sales, I handle product development / formulation, labeling+photoshop, website, SEO, and sales. We did 50k in revenue last year, and 374k in revenue this year. Of course, in commodities revenue =/= anywhere close to profit, our profit margin is 25% before paying our sales team of 1; after payout our margins are 10-15%. There are several avenues I would like to explore with our chemicals but we haven't been able to fully grow as my original partner's day job has gotten more demanding and he expects a child in February. I am in the process of buying him out. You would ideally be fixing and creating: -our website sucks and has minimal SEO; no way to calculate taxes and sync with Quickbooks - adding new products to our website - automating processes that are timesinks for us - 2 other website we'd like to launch. We also need to create content for these websites, build a subscriber list, build our instagram, and have a nuture and marketing campaign for all of our current and potential customers. I am open to paying cash and equity, but am leaning towards equity with quarterly disbursements after we hit a certain revenue / profit goal. We are also in talks to have a majority share of our company acquired by a larger chemical supplier, who would help us with our profit margins and bankroll our chemicals / insurance / costs so we don't have to seek funding. submitted by /u/ICanGetThem [link] [comments] https://www.reddit.com/r/cofounder/comments/rn0c3r/usasales6_startup_chemical_company_seeking/
Login to add comment
Other posts in this group
There is a new title format that must be respected to make this reddit easier to use.
Format:
[LOCAL COUNTRY NAME ISO 3 ALL CAPS][YOUR MAIN ROLE (TECH/
Hello, I am a U.S. Army soldier and business professional who is working towards a degree in Business Administration. I also have several years of experience in Human
Hi all!
I'm solving a pain point that I've found most legal professionals have. I'm helping lawyers search hundreds of their files with just a few
My father is an insurance broker. He is forced to use software that I would describe as being actively hostile towards the user. His ability to increase his income is
Looking for a technical co founder to help with a scheduling web app for remote employees. This can also be used for in office employees but as a remote worker this i
The rules are been updated in an explicit effort to improve the quality of the posts.
Most of the post I’m seeing are too abstract without details or they’re a
Hello Reddit community, I'm Moritz, and I believe I've stumbled upon something big with my latest project. I want to share my journey and invite potential co-