3/28/2015

$100

Well I am glad this project is over.  There are some learning to be done BUT it was really a stress I did not need right now.  My living room is still full of everyone's 'junk'. 

Now I need to get everyone to pick it up.
Donate the items some of the clients told me to donate.
Pay everyone - luckily everyone said, just pay me at the end of the project.  It made it a lot easier for me. In a real business that would not happen.  It would be done on either a weekly or monthly basis.

I am just glad I got over the $100.  It will be interesting to see how much everyone made.  I hope there will be a discussion post so we can see everyones goods and bads and what they would do differently.

learned

Something that just comes back over and over and over again.  Kids trying to start a business while they are still in college.  People trying to start way too big.  Not getting the experience they need before they start.

Line upon line, precept upon precept.  Start small and grow big.

If you are old and seasoned maybe you buy something with multiple stores.  But if you are not start with one store at a time.

Family business --- Not sure I ever want to step into that one.  It just seems like there could be some real hurt feelings when it comes time for you to step down and someone else steps up.

My husband worked for Pope and Talbot before they went under.  Interesting enough, the father told the daughter, you want to run the business go make a success some where else then come back.  She did that.  But in the end it was not good enough.  My personal feeling - want too much too fast and spend more than they had.  I know the wood industry took a hit in America and the spotted owl etc did not help, then Pope and Talbot had a lot of wood in Canada and the exchange went bonkers and that did not help BUT in the end had they adjusted what they spent (such as a private plane) than just maybe that company would still be around today.  It was a business that began approx 1850 and had stayed with the same family all those years. So sad to see them go.