Ug, this morning is not off to the way I had hoped. It is wonderful news that I have this Valentine's order but because I wasn't expecting I really don't have the cash available to pay for the necessary raw ingredients. There's nothing more I hate then this feeling that the business bank account is literally scraping bottom. The reason is mainly due to the fact that I've tried to pay cash (or debit) for almost everything I can so that's kept the balance low. And then there's the fact that when cash has been coming in I've been using it to try and pay down the business credit card which was run up when I had to buy in all the packaging and raw ingredients for my BIG holiday orders.
The irony is that I have a bunch of revenue coming in the first two weeks of January from the BIG holiday orders and my dropship orders. The amount is equal to half of what I've made this year. So it's going to pay down the business card totally and put some money in the bank for 2010. In the meantime though, I'm running low on actual cash and have a bunch of expenses that need to be paid for.
And then I read an article like this yesterday in the NYTimes:
http://www.nytimes.com/2009/12/17/fashion/17etsy.html?_r=1&em
I know that these people are the anomoly but really? You're making $140,000 from sales on Etsy? I've been doing this business for almost four years, haven't hit six figures yet, haven't ever given myself a paycheck, and still feel like I'm barely keeping my head above water.
Who knows, it may be because it's the end of the year and I'm just burnt out and tired. But right now all I can say is, really?
2 comments:
Well, if it's any consolation, that woman they profiled is going to have carpal tunnel syndrome within a year from knitting that much. ;-)
I actually had the same thought! And at what point does the 'joy' of the knitting hobby turn into the opressive reality of running a small handmade business.
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