So you enjoy making wreaths and have decided to go into business for
yourself. Congratulations, that sounds like a positive idea and
hopefully will be a profitable one.
First, however, you will want to make your business plans so that your
start up won't also be your shut down. You will want first of all to
make sure of your work space. Do you have an area that can be dedicated
specifically to wreath making? Making wreaths in front of the TV is one
thing when it's a hobby/craft project but are you, and other family
members, going to be willing for this space to be dedicated full time to
wreath making? If not, do you have another place in your home that can
be used as your place of business, perhaps a little used guest room or a
part of the basement could be dedicated to this.
Once you have your work area secured, what about a storage area for
finished wreaths and for materials? There may be times when you will
want to temporarily store some of your wreaths until an order is
completed. For some wreaths, this will call for a cold or cool area
where they can be properly maintained. Also, buying materials in bulk at
bargain rates is a bonus, but you'll need to be able to store the
Designing and printing up a brochure and some business cards is a good
idea also. Not all potential customers will be able to talk with you
immediately, but having a business card and brochure to leave will give
them the opportunity to check over your product a little more closely on
You will also need a name for your business. You will need something to
put on those brochures and business cards.
A product display unit is nice also. Making a photo album of your
wreaths will enable you to show potential customers something of your
work without trying to carry a lot of it around with you.
You might want to talk with the bank also and find out about setting up
a business checking account. Many wholesalers insist that customers must
use business checks in order to prove that they are a legitimate
You will need a bookkeeping system also so that you can keep track of
how much you are taking in and paying out. Also, when tax time comes,
and it will, this will be a big asset to you and may just help you in
making sure that you are remembering everything. Also, you may be able
to deduct a certain percentage of your household expenses as business
expenses if your business is being run from your home. This also
includes gas and wear and tear on your vehicle.
Lastly, you will need a sales book and pen. Go out and get orders, don't
take more than you can fill, and don't forget to enjoy yourself.
Congratulations on your new business.