The Things I Know Now
I've said it before, but I'll say it again. I never intended for this business to be a thing. I truly thought this will just be something I do for a little while and it'll maybe make me a little money and then it will fizzle out.
In retrospect, there were a lot of things I DIDN'T do when I started my business. I mean I did the necessary things. I set up a tax ID, I found reputable sources for my materials and I tested out my products. I also started out forming connections by putting Pop-Up Shops on my calendar at a local boutique and reserving spots at local craft shows.
Looking back now knowing this is a business I intend to grow and scale there are some things I should have done. They would have helped me through the first year.
What should I have done?
I am embarassed to even admit this considering the things I didn't do before I started my business but, I graduated with a degree in Entrepreneurship guys. A degree in starting and owning your own business. From a school that is pretty well known in Minnesota for their business programs. And I didn't even write a business plan for RDGD. So there's that. Your business plan is your guide to what you want your business to accomplish. And to be completely transparent, I'm still working on my business plan, but the point is, I've acknowledged this and I'm making it happen.
I also should have figured out my pricing. I had to slowly adjust my pricing after I actually figured out how much it cost me to buy all my materials and what my time was worth. I also didn't initially take into account the fees I was paying for the platforms I was selling from.
Figuring out my true "why". Your Why is the reason you are in business. It's more than just your goal for the business. It is what you want to get out of it in the end and will lead you in your decision making to stay true to you. Curious about my Why? Check this post out.