craft and co.

Wednesday, November 5, 2008

EST Business Series - part two

As a memeber of the European Street Team on Etsy, I am responsible for the business series on out blog. Here is the todays part:

The Business Plan is our next topic we will discuss here on EST blog. If you are being crafty, selling your stuff and knowing ho you are sellin it to you have to make a decision: is it a hobby with minor, irregular income, that you do for fun ot it is BUSINESS? If you decided, that you are doing business, keep reading! Business you can do two major ways: full time or part time. Even being a part time business person with a nicely paying job, I strongly recommend you to make a business plan!

  • Why? Because that sets you apart from charity! You can not run a business without planning how much you are planning to spend and to make.
  • Thing that you should include in your plan:
  • Why are you doing business?
  • What are you selling? product or service
  • Where are you selling? on-line or off-line
  • To whom are you selling to? target market
  • How do you deliver?
  • Who are your competitions? What sets you apart from them?
  • What motivates you?
  • What is your Mission?

You can change these later as you move on, but believe me to have a good business plan is like to have a GPS in your hands when you entering an exciting unknown forest!



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