Showing posts with label small business mistakes. Show all posts
Showing posts with label small business mistakes. Show all posts

Monday, October 1, 2012

The Battle of Self Doubt, Business Doubt & Being Discouraged


Today I want to talk about the absolute biggest business challenge I have ever faced: myself.

I've been going back and forth on whether or not I wanted to write this post, but at the end of the day, this blog is supposed to offer insights into my business - both the high and low. While I would love to only post about the great growth and fabulousness, that wouldn't be showing what really goes on behind the scenes.

Last week I shared some of my Common Business Mistakes, and while it was a scary mini-series to write, I thought it would be helpful so I wrote it, and it has gotten a ton of views, so thank you! Today I'll let you in on something that's even scarier to me, but I think it'll be even more helpful for you and the life/business you may be trying to grow.

Let's start off with my big confession: I seriously doubt myself. Like, all of the time. I doubt that I have the business savvy to really keep Believe Notes growing, I doubt that I have the accounting savvy to not have the IRS knock on my door and take me off to jail, I doubt that I have the actual design talent to create something timeless and versatile, I doubt that I have a warm & inviting personality and that I won't be able to make friends and be successful at networking, and I doubt that I have the ability to come off real and authentic in my blog posts.

Most days I am able to dock my doubts in the back of my mind and just plow through my to-do list,  but lately my to-do list has grown overwhelmingly complicated and my available time has dwindled to just about nothing. I'm so consumed by my business that I basically ignore all other house chores. There are stacks of laundry that need to be put away, my office is a mess, if it weren't for auto-pay, our bills wouldn't be paid, and I have a chronically empty fridge.

 my fridge, a few weeks ago: apple sauce, milk, eggs, beer, plain pasta. Oye.

One day last week I came home from my full-time job, exhausted and in dire need of some R&R. I needed to clear a spot on my sofa just to sit down, seriously. I looked around and noticed that my dining room table was covered in envelopes, samples, stamps and boxes - with just a little area cleared for my husband and I to have dinner every night. My sofa table was stacked with "inspirational magazines" - but wait, what color is my sofa table again? There was a giant pile of empty boxes sitting by the door, waiting to be taken to the recycling bin - one of Miss Juliet's balls was in there somewhere, but she was too chicken to dig in an get it herself, so she sat and cried and begged for me to reach into the pile and get it for her. Suddenly I felt overwhelmed, guilty, upset and out-of-control. Usually I'm able to come home from work and fold laundry, go through mail and tidy up. But lately I've been so busy filling orders and designing for Minted challenges, launching my wedding line, and prepping for the holidays, that I literally come home from work each day and go straight to my computer. I feel like a bad wife, and feeling like a bad wife is a sucky feeling (even though my husband swears I am not exactly the mutant stationery zombie that I think I am)

The hardest part for me, honestly, is the doubt around whether or not my business is legitimate. While my sales have increased, I'm still not anywhere near where I want to be. My Shop has days with zero visitors and weeks with zero sales. Granted, some weeks I have more sales than I can keep up with, and that feels fantastic. But on the weeks with nothing, I feel like a failure, and I start the doubt cycle again. I'll also add that I have a particularly hard time in the beginnings of the month, because all of the statistic stuff for website/blog/shop go down to zero. It's overwhelming when I look at the zero on the charts and have to think about how hard I'll be working over the month in order to get my numbers where I'd like them to be.

Speaking of numbers, I know I want more exposure. It's a goal, and I'm definitely working hard at it. I had reached out to a bunch of advertisers in the beginning of September and was so overwhelmingly surprised and happy that ALL of them not only supported my business, but wanted to feature me as "hand picked" or the like. I was on a high, until I realized that while I had money in my savings, I didn't have enough to pay for all the basic advertising. Well, that totally killed my high. I know it takes money to make money - and maybe I should take the risk of pulling money from my personal savings to pay for some of the ads?

So, at this point you might be sick of hearing me talk about this, and you might be looking for my advice or a tip of some sort. Well, I don't have one yet. I'm not exactly sure what my next step is from here, but I'm going to make sure it's a smart one (who wants to make a stupid step, right?!). Maybe I need to reduce the variety of products in my shop to just a select group of things I truly, truly love. Maybe I need to recruit my mother to help me manage some of my accounting & paperwork. Maybe I need to take some money from my personal savings to help get the exposure I want/need. Maybe I need to have more defined business hours. Maybe I just need to be patient and keep on doing what I'm doing (success doesn't come overnight, right?).

There really are some big and exciting things coming with Believe Notes, and I know that I'm running a good business, but I think we all get to a point where we need to think a little more strategically about the future. I do promise, though, that whatever happens, it'll only be in the interest of improving Believe Notes as much as possible.

Thursday, September 27, 2012

Common Mistakes Theme #3 - Learning to Say "No"

We're now on our last theme for common mistakes that happen with small businesses - or at least, the mistakes that have been common to my small business. This last one is probably the hardest, and I know a lot of you deal with difficulty in saying "no". I'm no pro now, but I'm much better, and here are some of my experiences.


Theme #3 - Learn to Say "No" When it Comes to Doing Favors

I could go on and on about the lessons I've learned from this theme (maybe another blog post someday). When I first started my business I was happy to get whatever experience and project I could. However, as my business grew, I found myself needing to value both my work and my time. I could no longer bend over backwards for people in ways that cost me significantly more than I was charging them. While I don't want to give a specific example for this one, I can tell you generally how this goes:

An old friend from highschool/work/town contacts me and asks for invitations/announcements/cards but really doesn't want to spend a lot of money. They ask what I would be able to do for them, and I basically agree to give them whatever they wanted for such a small amount of money that I knew I really would be losing money. But maybe I'd get a referral, so I convinced myself it was worth it. Then the old friend/coworker/dog-walker would want to make ten thousand design changes, and what about matching envelopes, or skinny labels, or textured-shimmery paper? And, oh, they needed them within two days. You get the picture. I know we all want to help out our old friends and acquaintances, but unfortunately undervaluing your worth as a designer is just not a good business practice.

Lessons Learned:
  • Don't undervalue your work
  • Offer a flat percentage as a "friends and family" discount off of regular, full priced items
  • Not everybody is your "friend or family"
  • Unless I sit next to you at Christmas Dinner, I am going to charge you regular pricing for any super-fabulous-totally-custom design
  • Learn the word "no" and use it when you need to
  • Have a contract that outlines your services and exactly what you'll be delivering (I am working on mine right now!)



So there you have it - the three main themes of which I've learned most of my small business lessons. My main themes were Theme #1 - Rushing Isn't Always Good; Theme #2 - Test Things Out and Theme #3 - Learning to Say No. Like I said in the introductory post, I'm not highlighting mistakes I've made in a way to put myself, or anybody else down. I'm actually doing it for the opposite reason - hopefully you'll be able to learn from these mistakes, or maybe they seem familiar already and you have your own ways for dealing with them.

The point of this mini-series is to show that mistakes happen, we learn from them and hone our business practices so that the same mistakes don't continue to happen. I'd love to hear your input on if this mini series has been helpful, and if you have any experiences you'd like to add.

Tuesday, September 25, 2012

Common Mistakes Theme #1 - Rushing Isn't Always Good


Are you ready for the first theme in the Mistakes Happen series? Yes? Well, then let's just get right into it.


Theme #1 - Rushing Isn't Always Good

When I first opened my business, I was afraid to say "no" to any potential customers. Lots of times people would contact me and ask for rush orders. Instead of saying no, I would always try to do it. I'd make mistakes (usually by trying to cut corners to save time) and it would always end up costing me more to make the product than I got paid for. Here's just one example:

One of the very first orders I sold on Etsy was for a time-crunched customer. I was so eager to make my first sale that I agreed to have the cards to her within a week. I used an online printer that typically delivers to me within 3 days. All was going well until a blizzard hit New York and my online printer lost power. Panicked, I found a local printer, that was willing to print overnight for me. The local printer had crappy paper, and charged me 3x the price - but I did it anyway because I didn't want to let my customer down. In the end, I had the cards to her by the end of the week, but I lost a lot of sleep and money. The day after I mailed her the cards printed at my local printer, the gorgeous ones arrived in my mail from my online printer. I had to throw them out.

Lessons learned:
  • Charge a LOT more for rushed orders (like, double the price you'd normally charge)
  • Only agree to rush an order if you're actually able to do it. If it isn't possible, just say no
  • If something happens, don't compromise the quality of your work
  • Email your customer, tell them the situation, apologize, and offer something nice in exchange for their patience. I tend to offer free note cards, a stamp, or a coupon for a future order
  • Slow and steady wins the race (this must be why I like turtles so much)
 Have you ever made any mistakes because you rushed? Would you mind sharing?

Coming up you'll hear more about Theme #2 - Test Things Out, and Theme #3 - Learning to Say No

Small Business Mistakes Happen, Learn to Fix Them

*yes, I know it says miskates. sh!t happens, what are you going to do about it?

I don't care what you call them - mistakes, mishaps, errors, learning opportunities, screw ups, whatever - they happen, so you better learn to deal with them. I've made a lot of mistakes since throwing myself into the self-taught world of stationery design and small business ownership. I've had little mishaps, big meltdowns, and many sleepless nights. However, I am a firm believer in learning from the past, and so lots of mistakes, means lots of learning. The mistakes weren't intentional, these things just happen, and if you have a small business, I am sure you could easily rattle off all of your "learnings" from when you started off. I'm glad the mistakes happened, because that's how I got to where I am today, and how I learned not to make the same mistake twice.

The "Mistakes Happen" posts aren't exactly ones I am proud to share. Nobody wants to admit that they've done something wrong, especially not to the whole wide blogiverse. But I'm confident that my experiences will be helpful for those of you just starting out. While you may be able to avoid some of the mistakes I've made, don't fool yourself into thinking that you'll never again make a mistake. I'm sure this little series of posts will be a continuous one, and I'll try to periodically reflect on things I've learned the hard way.

I've bucketed my mistakes into general themes, since that seems to be the way things happened. The three themes are:

Rushing Isn't Always Good
Test Things Out
Learn to Say "No" When it Comes to Doing Favors

I'm going to do a blog post on each theme, starting in about an hour with the first theme, so keep checking back throughout the week. In each post, I'll give one example of when that theme really tripped me up, and then give the lessons I learned for moving forward. Are any of your mistakes in themes? Have you had to learn some things the hard way?
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