Skip to main content

Business Plans

e-book image of "How to Write a Business Plan" by Mike McKeever

As I switch focus to my hobby (crafts) for extra income to help me pay down debt, I've been toying with turning it into an official business.

Enter thoughts of writing a business plan. Part of me thinks it isn't necessary. Why not just make stuff then try to sell it? Then, if it eventually gains enough traction that I want to go full time with it, then write a business plan.

Everything I've read, though, makes me think that having a business plan might inspire me to put more effort into it than a "going with the flow" mentality does. Will it boost sales? No clue. But I do know that the two or three times times I've tried to sell my crafts so far have been money losers. I've spent more on vendor booth space than I've ever generated in sales.

I can identify a few issues, the biggest of which is that I don't have much to sell. Perhaps a business plan would help me identify more ... or at the very least, help me to see if I'm just wasting my time.

Labels:

Comments

Post a Comment

Popular posts from this blog

Washing that Gray Right Outta My Hair

When I turned 37, I tried coloring my hair myself. I had never colored my hair before at all, and the whole thing was a big mess. It dripped everywhere . Rather than try again, I started going to a friend who is a hairdresser to get it done after that. It cost me $30 each time I go, but for me, the cost was worth it. But now, I'm rethinking that expense. Telling my friend I was going to do my own hair wasn't high on my list of things to do. I was afraid she'd think I was unhappy with the way she does it. Well, she's moving away within a few months, so she'll stop doing my hair anyway. I dread the thought of trying it by myself again, but to cut expenses, I should at least give it a try, or just let my hair go gray. Anyone have ideas on which home product is easiest for a newbie?
Post a Comment
Read more

Tackling the Electricity Bill

I got our latest electricity bill this past week. It went up. Again. I don't understand why. It's been a mild winter, so we haven't used the heater as much as last year. Plus, I've made a few small changes that I had hoped would add up to even a slight savings: I've cut down on the time the TV has been on. I haven't been perfect about it, though, because I still turn it on to watch something, decide to work on something else at the same time, then after an hour or so, I realize I'm not watching the TV at all. Wasted electricity. I've unplugged my alarm clock. When we first brought our daughter home, her pediatrician recommended we feed her every two hours for the first week or so. After the first night of pushing an awkward combination of buttons and waiting for the alarm time to advance every couple of hours, I realized it was tons easier to just punch the time into my cellphone alarm. I kept the bedside clock until about two weeks ago. I also unpl...
Post a Comment
Read more

Home Improvements

I've taken a week off in September to finish some home improvement projects that have been in progress for far too long. My challenge between now and then will be to both set aside and earn enough to buy the supplies without having to charge anything. Our biggest expense will be paint. We've got to paint our living room ceiling, living room, kitchen, two bedrooms and one bathroom to have our home "finished." Hopefully we'll be able to get that far with it, but my fear is we'll need longer than a week to complete it all because several walls need to be repaired in places first. I've got a freelance project in progress right now that will give us the bulk of what we'll need, but I don't think it will cover everything. Plus, I have to make sure I don't spend any of it between now and then on "wants."
Post a Comment
Read more