#Tishspiration Tuesdays have been missing here lately. I find myself heading back to the beginning. I am creating a business, with what I thought was an incredible idea, to help artists and authors through a subscription box service. The plan was to collect art, write stories, create my own Bling, and find other inspirational items to go into a box. I thought about launching bi-monthly, or quarterly.
Instead of worrying about it being wildly successful, I tell myself that will be a good thing, as I will need to hire help. I was moving forward with as much as I could before making it all official.
The first problem I ran into was the cash flow. When I started to add my own salary into the budget, I started to lose money. This concerned me, and my business advisor. He has been working with me for months to help me apply for the self-employment program, which would allow me to draw on unemployment insurance for 12 more weeks while I grow my business, and most importantly, not have to claim my earnings against the unemployment insurance with this program.
Last week, I asked for a meeting to figure out what was going wrong with my cash flow, and what I should do to make it work.
I learned I had to re-evaluate everything. Budget. Cost of goods. Sale price. How much to ask for a startup loan. All of the elements I had worked so hard on to make a business plan to make my entrepreneurial dreams a reality.
I am in a networking group called 100 Coffees. The Coffee Community is women who want to learn networking techniques. It works on a basic principle of having virtual meetings, which we call coffees, with two members a week. I am more active in the community now and involved in a weekly Master Mind meeting. I have been working with my peers within the group to develop the ideas for my business.
Two weeks ago, our weekly meeting started having more participants. One was not convinced that the subscription box idea would be right for me.
This made me pause and doubt my plans.
We found time to have an online chat together, separate from the weekly meeting. We both shared where our thoughts were coming from, and at the end of our conversation, she was concerned that I was upset. I was quiet and explained that I was processing. Some of my fears were valid, and I was having a brain pretzel moment.
What were my fears? I worried that if the business was too successful, it would cause problems with finding enough artists to contribute to the boxes as I have only had one inquiry since I started my local networking with artists to exchange information. I have enough product for the first box, but no solid leads for the second.
This is when the questions became a little harder to answer. I was asked to choose between being an author or a jewellery designer. It made me pause to think again. I know I am a writer who loves crafts. I have narrowed the scope to jewellery designing for business purposes, with the Tish MacWebber Always Blinging business.
The jewellery business has never been my purpose.
It is really hard for me to admit this. I love being creative. For as long as I can remember, I have always made gifts for people. I had to search my heart to find my answer.
Writing is my purpose. Creativity is my passion. Jewellery Designing is my pleasure.
I wrote this when I relaunched my website in January 2019. My answer was right in front of me this whole time. People have asked me to narrow my scope since I started this journey to become an entrepreneur, and true to my stubborn, Scottish roots, I dug in my heels. I wanted to do it all.
For 17 years I have tried to get the jewellery business to be my thing. I will continue to work on it, but it is time to be realistic about it and see it for the hobby it really is. There are customers who I can rely on me when they need something special. The challenge of custom orders, especially when I can surprise my clients with the bling they didn’t know they needed, is something I enjoy. I will continue to make gifts for family and friends, however, I will not be continuing with it as a business. I’ll still sell pieces as a side hustle, but it will not be along for the ride in the passenger seat any more. It is time to pack it into the backseat, or maybe even in the trunk for a while. Not forever, but for now.
In three days, I will need to submit a new business plan
It is a little daunting to start it all over, after spending so much time on it already. I have to take what I have learned from meeting with professionals, and with my networking group to move forward. Yes, I have a plan.
My one on one meeting with my peer also made me come to this conclusion. She told me I would be lost in the subscription box business because it wasn’t about me. Her concern was that I will not reach the people I am meant to help with this business idea.
I have been reading two books. Don’t Sweat The Small Stuff by Richard Carlson and You Are A Badass by Jen Sincero. Yes, I do read in the washroom and the bedroom for a few minutes when I can. Real books; usually more than one at a time. I have 2 others in progress and am thinking about picking up a fifth as I have a stack of books from the library which I need to speed read to get through them all before the due date.
They are about changing the way you think, and I have been working on affirmation statements for a while. I realized today that I only need one. It is something I have been saying for a while now, and I shared it on my Facebook profile earlier this evening.
The world needs more Tish.
My next challenge is to rethink the whole business plan, based on this affirmation. In no way is it meant to be egotistical. I am not arrogant or conceited when I am saying this. What this affirmation means to me is that I can help people by being myself, and sharing the best parts of me with others.
My new business plan will reflect this. I can’t wait to share more details with you as they develop. Thank you for following my journey. Here comes another left turn. Hang on!