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- Aug 9, 2019
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Hi all.
So as some of you know, Im in the beauty industry and it seems as I have struck gold. When I opend end of october, I was a burned out med-student who started from 0 (actually from negative if you factor in student loans) and now I have a business that has had a turnover of 230k with just over 100k profit in 7 month selling machines to clinics.
This is all great fun but I have encounterd another problem.
The thing is, I have a beauty clinic which I just love to manage and the goal is to open up a chain of them in many cities and countries. This is my passion.
I have reinvested about 50k from my first company to my second and have about 50k left.
The clinic is also doing great and I have had about 140k turnover with 20k profit on the clinic with just one employee. Will hire 3 more ASAP.
Thing is, I hate the business thats making all the money and how its operated. Selling is fun but I hate to take complaints from customers or sending mechanics to fix broken machines. I just stress to much for very minor things. I also dont like the process of doing nothing for a time, sell for alot of money and then do noting again.
This got me thinking, it has to be a solution to the problem.
I have identified 3 potential solutions.
Get a partner.
This is something I would like. However, I dont know anyone who can be my partner.
Is there somewhere you can find someone to run your business for you?
Employee
Hire a seller/Account manager
Will do all the things I dont like. But will cost alot of money. and I dont have anywhere for him/her to work. I just sit in my kirchen for a few hours every day so I need to get an office.
Outscource.
Hire and external account manager who work on provision. Easy process and seems like the route I will go.
Later on, I will develop my own brand and let other people sell the machines for me and take care of all the boring parts and I can focus on expanding my clinics.
So. Does anyone have any similar experience they want to share? Like what did you do when you gave your "money making system" over to someone else?
Thanks
So as some of you know, Im in the beauty industry and it seems as I have struck gold. When I opend end of october, I was a burned out med-student who started from 0 (actually from negative if you factor in student loans) and now I have a business that has had a turnover of 230k with just over 100k profit in 7 month selling machines to clinics.
This is all great fun but I have encounterd another problem.
The thing is, I have a beauty clinic which I just love to manage and the goal is to open up a chain of them in many cities and countries. This is my passion.
I have reinvested about 50k from my first company to my second and have about 50k left.
The clinic is also doing great and I have had about 140k turnover with 20k profit on the clinic with just one employee. Will hire 3 more ASAP.
Thing is, I hate the business thats making all the money and how its operated. Selling is fun but I hate to take complaints from customers or sending mechanics to fix broken machines. I just stress to much for very minor things. I also dont like the process of doing nothing for a time, sell for alot of money and then do noting again.
This got me thinking, it has to be a solution to the problem.
I have identified 3 potential solutions.
Get a partner.
This is something I would like. However, I dont know anyone who can be my partner.
Is there somewhere you can find someone to run your business for you?
Employee
Hire a seller/Account manager
Will do all the things I dont like. But will cost alot of money. and I dont have anywhere for him/her to work. I just sit in my kirchen for a few hours every day so I need to get an office.
Outscource.
Hire and external account manager who work on provision. Easy process and seems like the route I will go.
Later on, I will develop my own brand and let other people sell the machines for me and take care of all the boring parts and I can focus on expanding my clinics.
So. Does anyone have any similar experience they want to share? Like what did you do when you gave your "money making system" over to someone else?
Thanks
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