As a college student, I am finding this whole being broke thing a struggle. I'm constantly having to ask my parents for money, and I even have a part time job. One day I decided to put my hobbies of knitting and making jewelry to use and out popped my idea for a small business. Stitches and Stones is a small business specializing in handmade knit-wear and jewelry. I am very excited to get this all going, however getting it started takes a lot of struggling. Here are seven struggles one might have while starting a small business.
1. Money
This always seems to be an issue. How are you supposed to start a small business if you don't have enough money to even feed yourself?
2. Planning
You have to create a product line, plan out all the marketing, set a launch date, etc. etc.
3. Marketing
In order to make a profit, you have to market your product, which is a pain in the butt. Facebook, Instagram, and Twitter are the best marketing tools.
4. Staying Organized
If you are like me and don't have a huge area to store your product, it can get very hectic.
5. Making a Website
Most website hosts charge you a boat-load to sell online, you have to find the right host and go from there.
6. Making Sales
This is probably the hardest part, how are you supposed to run a business if you don't even make a profit?
7. Staying in Business
Did you know that while 400,000 new businesses start each year 470,000 fail each year? The odds, sadly, are not in your favor. But, if you work hard for it and have a great product, you will be successful.
Want to help out a small business?
Check out my small business Stitches and Stones!
Like my page on Facebook: https://www.facebook.com/stitchesandstoness/
Follow me on Instagram: @stitchesandstoness