July 25th, 2008, 03:20 PM
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#8 (permalink)
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Senior Member
- Join Date:
- Dec 2007
- Location:
- New Jersey
- Posts:
- 338
- Liked:
- 15 times
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Re: Starting a Business
When starting an embroidery business its important to spend some time thinking about how your individual assets can work for you to help make your business profitable. What are your interests (hobbies), strengths and weaknesses? A hobby can become a profitable business niche. Your strength in sales may indicate that you'll need another person for non sales tasks. Your weakness or lack of interest in digitzing may say that you'll need to contract out that aspect of the business.
Its also important to consider your connections. Are you friends with a shop owner who might sell your work? Do your kids play sports? Does your aunt work at a school? In addition, think about who you connect with. Do you associate well with small business people, sports types or car people?
Finally, consider potential needs. Is there a service that your competitors don't provide that you could? For example, can you provide better customer service, quicker turnaround or better quanlity?
Running a business requires wearing many hats. If you wear the ones that fit you better you'll probably be happier and your business will be more profitable.
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