It's been a nerve-wracking day! I had to have a wire transfer of funds performed in order to get ready for the closing on the house next Tuesday. I'm not used to paying those kinds of amounts all at once! Wow!
I was thinking about the future of my business idea this week and realized how easy it is to think too small. I have been purchasing inventory items this last year and have a wholesaler lined up for many of the true Victorian items, but it's necessary to think bigger and long-term. What if we have a lot of business at opening? We could blow through inventory quickly. Another thought occurred to me and that involves the cost of having some employees. This is not planned to ever big a "big" business, but it will be very heavy on customer service. I believe at this point that I cannot NOT have good help in the form of at least one employee. Again, what if we open big and attract many customers? It's very difficult to give quality customer service when you don't have enough help! I've always taught my students that employees should not be a secondary decision for any business manager. It may be difficult to think of paying out more money in the form of payroll, particularly when you're just beginning, but you could easily sabotage your new business if you cannot provide the service that is needed.
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