A Brilliant Start!

Turnover in the first week of Beautiful Bracelets has already exceeded the Start up Capital of R1000 which is great news, BUT...

If you want a business to go the distance, you cannot eat the seed. So most of that is being re-invested (or planted to use the "seed" metaphor) back into the business to build stock and promote a more rapid growth. If  I don't have products to sell there is no business. Also, the point is not to create a business that will only last 6 weeks and only JUST make a profit. If that's what I wanted, I would stop right now. I've achieved the goal in 6 days, not 6 weeks. But I want to create longevity, a sustainable business that would keep going AFTER 6 weeks, and would continue to give hope and employment to people whilst making a profit.

The thing is, although beads are an inexpensive commodity, there are features in the design which add the "bling" and these are the expensive portion in the manufacturing process of Beautiful Bracelets. It was impossible to purchase all the stock required on just R1000 allocated for the Radio 702 MoneyShow R1000 Challenge. However, I am expecting exponential growth in the business. I have a personal goal which I will share in the last week. It's a very high yet possibly realistic goal if I can employ the right people. People who are as passionate about the business as I am. And of course, it's no use having huge stock and no sales so running parallel to this is a marketing/sales program.

I am very excited to say, I have my first employee! A friend who, when I said I was going to employ 5 ladies, asked if they could be one of my ladies.  This person has reached target production in the first week and will receive their first pay/wages on Monday. Sunday night/Monday morning is my weekly "Day of Reckoning" to assess how the business is doing and whether it is on track for the goals which were set. I am planning for success