Originally Posted by saberger
K8 - PLEASE don't bash me over the head for this, but $5000/wk is good or bad? I assume it is bad? I am REALLY not trying to look like an idiot here, but I am sure I come off that way. Wouldn't part of putting together a biz plan include potential biz? Wouldn't that bring in more of a profit? Do you vote no because it is too much time, too much $ without enough return, or what? Again, please don't hit me for asking this.
She has readily admitted to me that she turns down business - there is a LOT of business that she doesn't do because she doesn't want to do this and doesn't want to deal with it. She had two assistants before, but let one go. I spoke to her husband and he made it clear to e that she wants out. No partnership. I might be able to work out something with her and have her teach the classes there, but no partnership.
Isn't $5000 a week a lot of money to you? And likely in January it will get quiet but not to worry too much because in December you were hauling it in to make up for it. You will need more than one other person to keep this off the ground
Say for example every cake you sell is an $800 cake. You have to sell 6.25 of those every week to make your $5000, if there's 4.3 business weeks in the month that means you have to deal with 26.875 brides every month, plus be setting up appointements and dealing with 26.875 brides for the next month. You've got 6.25 deliveries every Saturday
You have to order the ingredients and supplies from several different places, you have to run by several different stores sometimes--do you have kids? And Snarks, don't bite me I'm just saying kids need some
of their Mother some
of the time.
But unless you go big like Snarkette or cater like IndyIndy your overhead is going to eat your life up and will never be sated.
The owner is burnt out. Wonder why.
I vote no because this operation is too big for you right now--too much money--too many sq ft--and you're coming off as if you are allergic to working the hours you're gonna have to put in to make it work. You need to want to be a business woman to run that store which probably is why the owner wants to bale.
That's one of the biggest reasons I never jumped off the cake business cliff ('cause I can't do it from home) is because I don't wanna be a business woman I wanna be a cake artist. I don't think I could do both very well.
So I vote no because you're not ready, it's too big and it's too much money.
She cannot be a making $75K a year and gonna sell that for $125K something is all wrong isn't it Snarks and Indy???. She must owe big time on equipment huh?
You need to shadow owner chickie for a week--walk in her mocassins from the time she opens till the time she closes.