I am no business expert, but I have learned a thing or two about running a small business since I went full time as a entrepreneur nearly two years ago. I have learned that it takes long hours, major sacrifices, dedication, hard work and finding ways to get things done faster, better and more efficiently all while trying to spend less money and earn more.
I am very proud of my business and what I do. I am a designer seamstress and dressmaker, creating custom garments for ladies focused on special occasion, bridal and tailored apparel and offer bridal alterations. I have managed to grow a client base, hone in on couture and quality sewing techniques, get the word out on what I do, decline work that doesn’t fall into my specialties or timeline (or that I simply don’t want to do), open a little boutique space outside of my home, price my products and services accordingly, earn more money year over year, and become better and more experienced with each job that I take in.
I have paid off all of my debt, paid off my car in full, and have a little chunk of savings in the bank that I would like to invest back into in my business.
It’s now up to me to work on my business plan and focus in on how to grow my custom sewing & dressmaking business. I need to sit down and figure out the smartest means where I should invest my money, and that starts with a plan. I have read several books and articles on running and growing a small business, now I need to take what I have learned and apply it to my situation.
Although I can’t do all of my ideas with the budget that I have, here are some of the specific ones that I have thought about that I can invest in to make my business run smoother, more efficiently, and make a profit:
*new sewing equipment, namely an industrial sewing machine
*take on an intern or part-time contract employee
*hire a professional accountant to handle business finances
*physically (and mentally) declutter & organize
*automate scheduling
*improve website
*invest in and create sellable inventory-manufacture a small collection
*invest in marketing and advertising
*hire a professional photographer
*market and target customer research
*research and development
*foster newness and excitement
*continued education
*travel
*learn from those who are more skilled and experienced than I am
*hold events to attract new clients, thank existing and previous clients
*network
Do you have any good advice for growing a business, taking it to the next level with smart investments? Has something worked for you, or held you back from success? I’d love to learn more about it and try to figure out the best ways to take my business to the next level.
I know I need help and can’t do alone. I also know that there are success stories and big dreams can come true, it just takes hard work, smart decisions and perseverance. And a plan.
Meanwhile, I’ll keep on plugging away at my existing client needs, holding up my end of the agreement, while trying to create newness and examples of my potential and sharing with my audience. Soon I will be posting about some lovely projects that I have been working on, but have to hold back the excitement until the client’s special occasion occurs so not to spoil the surprise.
Life is short, time is limited, and I want to make a difference and impact in this world and in the lives of others. Even just a small part, a little influence, make someone smile and feel beautiful in what they are wearing.
That’s all I want out of this life, at least business-wise. I feel strongly that what you wear says a million words and evokes a thousand emotions. So why not that be me to make that a reality!
I make dream garments come true!
Love,
Stephanie