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chainmaille info and news         February        
        2009        
        Mini-Edition        
Many of our customers are serious chainmaillers. Here at Blue Buddha, we're committed to helping you grow your chainmaille business into something that brings you income as well as joy. So with that in mind, here's a short article to jump start your leap to greatness!



Resources to Help You Grow Your Crafty Business
by Rebeca Mojica

Many crafters are happy to create for the sheer love of creating. Some craft as a hobby to generate a bit of income—at least enough to pay for the crafting supplies! That's wonderful...but this article is not for you.

Rather, this is for the antsy crafter who cannot rest until she is making her craft day in and day out. It is for the entrepreneur who wants to combine creativity with business. It is for the guy who can't imagine spending his life working for someone else and is willing to take risks and give up the "security" of a "real" job in order to eventually have the freedom to be his own boss. Yes, this article is for the folks who actually want to make a living by crafting.

Is it possible? Yes, of course. But that doesn't mean it is easy. It requires hard work. A lot of hard work. Not only must you be an expert at what you make, but you must look for innovative ways to find new customers; you must analyze financial data; you must streamline your processes and above all, you must always look at what you do as a business, not just a fun side hobby. This means doing what is best for the business and not letting personal emotions interfere.

In five years, I was able to grow Blue Buddha Boutique from a one-woman operation to a company with multiple employees shipping to customers across the world. That is what I wanted to do, but it doesn't necessarily mean it's what you want. Maybe you still want to travel the country to teach your skill to others. Maybe your goal is to have a business that is so successful you can give out a $10,000 college scholarship to an art student every year. Or maybe you don't want employees, but you want your business to be big and healthy enough to support you into retirement.

It doesn't matter what your specific goals are, but make sure you have goals. Define what you want your business to look like by the end of this year, and then next year, and five years from now. You want to do $250,000 in sales by 2012: OK, great. How do you get there? How much do you have to grow each year to get to your goal? Make sure you're creating SMART goals—that is, your goals should be specific, measurable, attainable, realistic and timely. (Do a Google search for SMART goals, and you'll find plenty of articles to help you learn more about these goals and how to create them.)

Sound overwhelming? I won't lie and say it's easy. Luckily, though, there is no shortage of books, magazines and people who can help you achieve your goals. Over the years, I have turned to many publications and mentors for information and advice. Below are just a few of my favorite resources that have been instrumental in taking my business to the next level:

Craft, Inc: Turn Your Creative Hobby Into a Business by Meg Mateo Ilasco — The only bad thing about this book is that it wasn't out when I was first starting! I read other hobby-to-business books that were helpful, but this one is really, REALLY good. I love that it includes Q&A with actual crafters, so you can see some real-world applications for some of the concepts. Craft fairs, marketing, pricing, financing...all this and more is covered in great detail.

Women's Business Development Center — Classes and counseling at little or no cost. I have taken several workshops and met with counselors, and I cannot say enough good things about this place. No clue how to write a business plan? They have a class centered all around business plans, with the ultimate goal of having you leave the class with a completed plan! If you're not in Chicago, there are groups in other cities with similar programs.

Entrepreneur Magazine &mdash What better to help you think big than reading a magazine filled with businesses at the $10+ million level? Even though most of these companies are completely different from mine, many of the issues we face are the same: inventory control, marketing, customer service, etc. I learn something from each issue that will help my business. And they also feature smaller companies who are every bit as inspiring as the big guys.

Instant Cashflow by Bradley J Sugars — If you want to stay in business, having good cash flow is the way to do it. Businesses can be profitable, but still go out of business due to cash flow issues. Really! This book gives nearly 300 strategies (though there is some overlap, so maybe 200 strategies is more accurate) to improve your cash flow. Sure, they don't all apply to crafters, but even if you find just a dozen strategies—and I wouldn't be surprised if you found three times as many—the book would pay for itself.

Guerrilla Marketing — Jay Conrad Levinson has built an empire on the idea of guerrilla marketing. My favorite book is Guerrilla Marketing for FREE. Let's face it, most crafters don't have a huge marketing budget, if we have one at all! So free strategies are perfect!

The Emotion Behind Money: Building Wealth From The Inside Out by Julie Murphey Casserly — Before you build a successful business, you have to be comfortable dealing with money, period. This is great book to help you get in touch with your true feelings about money in business and in your personal life. This book helped me realize it's OK to make money--after all, my goals of changing my community and the world are much more easily achieved with a little extra cash!

So, for all you crafty entrepreneurs: dream big, live smart and fufill your goals. You can do it! I hope some of these resources will help you get there, and if you find some of them particularly useful, please drop me a line to let me know!



Feel free to contact Rebeca as always with questions or comments.
local: 773.478.3767     toll free: 866.602.RING (7464)     rebeca@bluebuddhaboutique.com

Happy Weaving!


All content written by Rebeca Mojica, Blue Buddha Boutique artist & owner.