This is not about me going on a mountain climb actually. The pictorial idioms here is finding like minded individuals who can help me see above the sea level. It has been that big project on the table. This morning, I met with one of our sector minded individual and I had to take some of her time. Actually she came to get a service from us but in return I was seeking knowledge from her on how to go about business this year and onward.
We are thinking of expansion and the most important part is how to turn it from paper work into reality. A time comes when you survive and a time comes when you exist as a brand. We have been in the shadows for a while; the unfavorable economy has been that in-between mix up. Nevertheless, it seems the entire inflation destabilization has settled in as the people become very used to price changes.
We are looking at a brand office in a good and tactical premise for more eyes. Not bad, but when I told her about the situation her feedback was that we should continue in the current warehouse we are using. It may not really attract many eyes, nevertheless the entire planned expenses on office space rent could be reinvested into the business. Of course this will bring in more machines and perhaps could help salvage the current challenge of bringing in a lister engine.
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Her reasons for this were what if, just what if business doesn't flow as expected in the next 12 months. We will be having a rent of more than half a million to cater for. I don't like being negative, nevertheless I will have to take some needed advice while doing my best to sieve through it. A much more expanded space plus a high bill for shop rent will cause us to sit up in the angle of advertising. I am also looking at how this business can self advertise itself even while we are doing our part in online advertising.
To be frank, our advert currently is not good enough. On second thought too, our equipment on ground is not sufficient to pull out a massive work load. Her idea also makes a lot of sense here, reinvesting in more machines this year can be a good strategy. How can we pull out a 50 shirts order in one week?
Currently speaking, it will put us in a tight corner, aside from workers, let's talk of equipment. In short, with more equipment comes workers (apprentice and contract ones) being ready to comply. The idea of getting another outlet this year was something my co-partner was not also in support of in our first business meeting for the year. His views are also very related to what I got from her.
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How about the issue of loans (soft loans to be more precise) and grants?. Her quick contribution here was the fact that it will be difficult to get soft loans except from relatives. An additional thing I can add here is the fact that I will have to build good relationships with people who have such privileges.
The current figure we are looking at can be covered by just one angel investor or a grant. Personally, I don't believe in the phrase, ‘there is no money’. It is a lie banks are still printing.
To conclude, let me add, ok, I just took out some time today to do a benefiting interview with one of my customers. She has in the process given a task to consider, finding the exact profitability currently of every machine in our office and how bringing in more will follow suit in profit. As we speak, we are still in the battle for energy and working force.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.
