Gday everyone!
I have been reading through the forum for a while and thought I might write this post with the hope of inspiring others and keeping myself motivated and accountable.
While I will not tell you all what my business is, I will go through the details of it and tell you all what I have done and plan to do to take it to the next level.
Firstly here is a little bit about myself. I have just finished school and had no ambitions to go to uni, much to the delight of my parents (sarcasm). "But you are smart, you are wasting your potential" I have been told numerous times. While I understand where they are coming from, business is my passion and I know that it can provide me with the lifestyle that I want, so that is what I am going to do.
I started my business around 3 years ago, it began more as a hobby, just something I would do every now and then and it is still by no means a full time thing, at least not yet.
In terms of profit, yes the business has made a bit of money which I intend to re-invest back into the business. Money is not my motivation and it is secondary to the learning that has and will take place, which is priceless!
I will now explain the process of my business so you can all see how simple it really is.
In a nutshell I manufacture my own product and sell it.
Yep that simple really, I build something that people value . If you can make something and people are willing to buy it at a price where revenue>expenses then you have a business.
The steps that I have taken to get where I am now (put as simply as possible):
And so that brings us to the present...
My plan now is to hire employees to manufacture my product so that I can focus my efforts elsewhere. Am currently working out the logistics and finding out who I have to talk to in order to see if this is feasible. I am working out a system so that a process can be followed in order to produce my product.
See the thing is I have big ideas and am honestly getting sick of manufacturing (too repetitive)
I will focus my efforts on:
But what if you fail? I hear people say! Well I don't really care to be honest, as far as I'm concerned I have nothing to lose. If it all fails I'll try something else!
I hope that this post may inspire others to take action. If you are unsure if something will work just try it, what have you got to lose?
I started this business with no investment and have re-invested all the profits. It can be done!
Please feel free to ask questions and offer advice!
I will leave you all with my favourite quote (as you can see from my profile picture)
"If you don't build your dreams, someone will hire you to help build theirs"
Build your dreams everyone!
Cheers
I have been reading through the forum for a while and thought I might write this post with the hope of inspiring others and keeping myself motivated and accountable.
While I will not tell you all what my business is, I will go through the details of it and tell you all what I have done and plan to do to take it to the next level.
Firstly here is a little bit about myself. I have just finished school and had no ambitions to go to uni, much to the delight of my parents (sarcasm). "But you are smart, you are wasting your potential" I have been told numerous times. While I understand where they are coming from, business is my passion and I know that it can provide me with the lifestyle that I want, so that is what I am going to do.
I started my business around 3 years ago, it began more as a hobby, just something I would do every now and then and it is still by no means a full time thing, at least not yet.
In terms of profit, yes the business has made a bit of money which I intend to re-invest back into the business. Money is not my motivation and it is secondary to the learning that has and will take place, which is priceless!
I will now explain the process of my business so you can all see how simple it really is.
In a nutshell I manufacture my own product and sell it.
Yep that simple really, I build something that people value . If you can make something and people are willing to buy it at a price where revenue>expenses then you have a business.
The steps that I have taken to get where I am now (put as simply as possible):
- I was in the shed tinkering around and made something (won't say what it is and does not matter anyway)
- I got better and better at making that thing
- Got inspired by a teacher I had and decided to see if I could create a business around what I was making.
- Created a website (used wix which is super simple)
- Did a few market stalls with some great success and some failures (learning experiences)
- Decided to see if any shops would stock my product. So I visited a total of three shops in the town I lived in, not sure what to expect. All three said yes, which I was not expecting, so I picked the one that best suited my product.
- Got my product stocked in a few other shops in other cities/towns near where I live.
- The lady that first stocked my product put my name in for this big exhibition. As a result I got sponsored a stall valued at around $800!
- Spent a year getting stock up for this exhibition, my Dad helped. Remember this was by no means a full time thing and was still selling to shops, at markets/events and on my website.
- Got a ton of publicity for this exhibition, was on tv in the newspaper and on the radio!
- Did well at this exhibition which went for four days and sold a lot of stock
And so that brings us to the present...
My plan now is to hire employees to manufacture my product so that I can focus my efforts elsewhere. Am currently working out the logistics and finding out who I have to talk to in order to see if this is feasible. I am working out a system so that a process can be followed in order to produce my product.
See the thing is I have big ideas and am honestly getting sick of manufacturing (too repetitive)
I will focus my efforts on:
- getting my product into more stores (have been reluctant due to not being able to keep up with supply)
- building up my social media profiles
- getting traffic to my website (have had sales but am getting very little traffic)
- experimenting with ads (both online and offline)
- expanding my product range (move into different niches)
- learning more! (very important)
But what if you fail? I hear people say! Well I don't really care to be honest, as far as I'm concerned I have nothing to lose. If it all fails I'll try something else!
I hope that this post may inspire others to take action. If you are unsure if something will work just try it, what have you got to lose?
I started this business with no investment and have re-invested all the profits. It can be done!
Please feel free to ask questions and offer advice!
I will leave you all with my favourite quote (as you can see from my profile picture)
"If you don't build your dreams, someone will hire you to help build theirs"
Build your dreams everyone!
Cheers
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