Guest guest Posted May 8, 2000 Report Share Posted May 8, 2000 <i'm sure they are good listeners, and they built great businesses with instinct too. (maybe they can provide some hints here on good business skills).> Insights, and then, I'm really going home =-) (1) Long hours are a way of life. Your biggest expense is payroll. Period. If you can cut that down, then you'll be way ahead. How do you cut payroll? By working the hours yourself. (2) Big loans to start with are not the way to go. It's impossible to feel good about your small business, that's under your social security number, when you have a huge loan. Start small, grow slowly. (3) When the growth spurt comes, be prepared to throw all your money and all your time into it. How do you go from making 50 bars a week to 500? Lots of long hours and a bit of capital. Be prepared to invest small amounts when there is an end in sight (and if you can afford to lose the money). (4) Price your goods as if you had a payroll to deal with. Yes, you may be doing all the work your self now, but what about when you need to hire someone to wrap and fill your bottles? If you have ajust priced out your product to pay yourself, you'll be in trouble when you have to pay someone.... Okay, now, I'm really going home .... Hugs! Anne-Marie Bramble Berry -- for all your fragrance needs www.brambleberry.com Quote Link to comment Share on other sites More sharing options...
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