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The Bottom Line

April 1, 2010

This week has been all about crunching numbers — or perhaps I should say, guessing at numbers. In my attempts to develop a rational and reasonable financial picture of what it will look like to open, run, and own a sewing studio and fabric store I am running up against some staunch road blocks. The creative side of me says it’s such a great idea and it’s the American way to run your own business, while the logical side of me is stuck on churning the numbers to build a solid road map that provides stability and clear direction of what I can expect. I’m stuck somewhere in the middle. Perhaps it’s that optimistic creative in me that keeps me going back to the books so I can make sense of it. I know the number cruncher in me will not be satisfied until everything is qualified and quantified.

I can’t wait to open the doors though! I have a very clear vision of what the store will look like — although not where it is yet; how it will feel to have a studio full of workshop participants — but not sure how many will need to be there to make it cost-effective; how nice it will feel to be surrounded by beautiful fabrics — but not how much or how to source them; and how interesting it will be to invite great instructors and artists to fill the studio with their talents and wares — but haven’t determined our business arrangements. You see where I am. 🙂

I have confidence the new studio will be fabulous though and I can’t wait to invite everyone to enjoy it! I’ve received the best information from my fellow sewing enthusiasts and look forward to incorporating them into the studio activities and plans. There is so much to be done to open, and so much will be required to be open. Now I just need to nail down that opening date. The moment when my studio transforms from a workshop to a retail center. This is an exhilarating ride to be sure! Now, back to those numbers.

One Comment leave one →
  1. April 1, 2010 2:21 am

    My calculator is steaming! Finally determined projected inventory and reorder cycles for a potential retail store. It’s still looking promising, so now I want to make an appointment to meet with some of the small business counselors to get their feedback on my projections to see if I’m in the ballpark. Fingers crossed!!

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