It's been six months and I've made progress but at the same time feel like we haven't moved at all. The honest truth of the matter is that I am a heavy dreamer and over the years have moved without a lot of purpose or direction, just following whatever dream pulled me the strongest. I've ended up with some big messes to clean up as a result. The two biggest messes that really affect us starting a business are finances and home organization.
Finances are still rough. We are still planning to move to North Carolina next summer so most 'starting a business' plans are on hold until then (I do have some things I can work on in the meantime, and I have plans to do them after I finish tackling the next hurdle). We've taken Dave Ramsey's Financial Peace University course (wonderful material) and have improved the way we handle our finances as a family over the past year, but there's a lot more work we need to do. I'd love to start all my businesses debt-free and continue running them debt-free. I think that's a worthwhile and important goal, but it also means it'll take longer to get to the OPENING THE BUSINESS point. The focus for 2013 is to really cut back on spending, save enough for the move and for six months' worth of living expenses (my husband will be trying to find a job in North Carolina before the summer but if he doesn't, we will most likely be moving anyway), and to be debt free by the end of the year. There's a lot of dollar signs involved in those goals, so they're pretty lofty, but that's the aim.
Home organization. I'm probably a hoarder. I call myself a recovering hoarder, at any rate. Are you always a hoarder, or are you no longer a hoarder once you've moved out of the hoarding mentality? I believe I have moved out of it over the past few years. I don't NEED things anymore. I don't have a burning desire to acquire STUFF. I rarely shop. I have gotten rid of hundreds (literally) of boxes of items from our home. It's still like having ten pounds of sugar in a five pound bag though. I'm not quite done with my first decluttering pass-through (which has only taken me, oh, YEARS to do, and that's no exaggeration) but I'm close. I can see the end, I know what's going to be left and what's going to go, and I mostly know where I want everything to live.
Over the past month I've been critically reevaluating my home and what will be left in it. It's a small home but it's still packed to the gills. There are a lot of things I'd like to keep. Things I just plain LOVE (books being the big one there; it breaks my heart to imagine getting rid of any more books than I already have, and yet I STILL have too many). Things I want to keep for the Not House. Crafting supplies, of which I have WAY too many - yet they are important for my business endeavors. General house detritus. Some days I'm ready to sell it all and start with a clean slate. Some days I'm on Pinterest, pinning beautiful homes and thinking I should just become a minimalist already. There's a balance I need to strike, and I'm not quite there yet. Do I box up all my collections, my Not House items, until I have the business? Do I box up all but my favorite books until I have the space? Or would it be better to let these things go, and acquire them again when my dreams are realized? (The books, by the by, can also go in the Not House.)
There's also the question of moving. How much of this stuff do I REALLY want to move with us in six or seven months?
Those questions are largely rhetorical, as what is right for YOU isn't necessarily what is right for me. They are just the things that go 'round my mind when I'm cleaning the same things over and over and feeling it wear on me. I'm slowly figuring it out. It's getting there.
This affects the business at this time largely because I don't have much space. I don't have much crafting space (I do have a crafting desk and some space to work, but it's small), I certainly don't have a lot of STORAGE space, and as far as crafting the miniature displays I mentioned in my last post six months ago? I REALLY don't have the space for those yet. It's frustrating, because it's something I really want to tackle, but I have to accept my current limitations and change course again.
Right now I'm planning, once I get just a tad more organized, on starting with a subset of the Not House that I will call Fudge & Oddities. My vision for the store itself is a fudgery (and popcorn, and possibly retro candy) with eclectic crafts / home decor for sale. I need to find a rental commercial kitchen up here before I can launch the food part of it (I already located one in North Carolina), but the Oddities part I can start pretty much right away. I can start it before I move because I can go to vendor fairs with my wares... and I can continue to sell that way when we move to North Carolina, and until we have the money for a storefront. At which point I will have to make a decision: buy land for the Not House and start there, OR open a store in town and then move later to the Not House land, wherever it may be. That's a ways down the road though. I'm still not sure where this whole thing will end up. I'm just going to start with making some wares and selling at fairs (and on etsy), and we will see where we go. I certainly never imagined two years ago that I'd be moving to North Carolina, so who knows where we'll be two years from now?? It's good to have a vision but it pays to be flexible because life throws lots of curves.
In the meantime the hardest thing for me to do is to pull myself out of dreams and stick to the path. There's plenty of room for productive dreaming ON the path, but I often get distracted by dreams not on this exact path. For instance, there's a piece of commercial real estate for sale in the town we currently live in that I keep dreaming about. I could start Fudge & Oddities AND a holiday store in one location, AND live above it! But it's in my home town, which we plan on leaving in six months, AND we are not financially ready to buy a building at this time. This isn't the first piece of real estate that has caught me like this, and it certainly won't be the last, but man they really tug at my heart when they catch me. I could do so much with it! It's hard to be a dreamer sometimes, it really is. I still mourn that bar in Mount Carroll. (It was so very lovely.) I still desperately want to start Spirits Haunted Pub (there's a restaurant for sale 15 minutes from me that would be a great location for it, and I dream about that frequently as well).
If I won the lottery these are the things I'd be launching right away, along with a few other key businesses. I would happily work these businesses until the day I die. I certainly wouldn't be trudging along, spending years of my life digging myself out from the pile of STUFF in which I live. I'd hire a few professional organizers to help me sort it all out, I'd hire a cleaning person to help me keep my house clean (I LOATHE cleaning, I really do), I'd figure out exactly where my ideal Not House location is, I'd buy some land, and I'd start launching my businesses.
Since I don't have millions of dollars at my disposal though, I can't even hire ONE professional organizer. I have to keep doing it myself, step by step (with my limited home-organization skill set, at that!). It's slow, sometimes excrutiatingly slow. Sometimes it's hard to see the progress and I have to slow down and remind myself of all the work I've done. Sometimes I dream about where I want to be and I want to fast forward SO DESPERATELY... except I don't really want to fast-forward my life. I just want the drudgery to be done.
It's important to lay a good foundation though, or the whole thing will crumble; I know this. I think we are working hard to do it the right way. I'm proud of us for taking the time to do it RIGHT.
But if any eccentric billionaires happen across this blog and want to donate some money to the cause, I certainly wouldn't turn you down! I ain't gettin' any younger... and I have enough dreams to occupy me for several lifetimes.
Coming Along...
Wondering what we're working on lately? Currently we are working on creating a strong financial foundation, preparing for a move to North Carolina (goal date: summer 2013), slowly building up a collection of spooky items, and starting our foray into miniature models.
Showing posts with label to-do list. Show all posts
Showing posts with label to-do list. Show all posts
Sunday, January 6, 2013
Wednesday, June 15, 2011
Goings-On
our crazy crew at Lincoln Park Zoo |
Last week was a mostly "off" week for us; we had family staying with us as part of their vacation, which meant we were on a kind of stay-cation. Cleaning before they arrived, and then socializing and having fun while they were here. Not much got done on the bar-work front. We were going to try to take a trip out to Mount Carroll so the family could check out the bar AND see Raven's Grin, but with so much other driving, it just didn't happen.
We continue to plug along on the business plan. I am thinking that I will probably share rough draft sections here as we get them hammered out, looking for feedback and questions and the like. I have several sections pretty well fleshed out already so those blog posts will probably start coming in the near future. I look forward to everyone's feedback.
Our biggest news: we created and launched a website to raise funds for the bar! We're calling it The $250,000 Project. We had been talking about using an indie crowdfunding website like Kickstarter, but upon further consideration we decided to make our own site and try to raise all the money ourselves. With Kickstarter or the like, we'd probably ask for donations of around $10,000 and then use that to beg for further money (from banks, investors, friends, relatives, etc). With those sites, if we didn't reach our arbitrary goal by our arbitrary deadline, we wouldn't get ANY money. If we DID reach our goal and get the money, we'd still have to beg for more money. Rather than keep asking and asking and asking, we figured we'd just let the world know what we need and keep working until we get it.
We're trying to raise $250,000 (hence the clever name), and we're willing to do it in pretty much any legal way possible. Donations, merchandise sales, eBay sales, micro loans, advertising, and more. Aside from completing the business plan, raising funds is our second most important step, so we're working on those two things simultaneously.
It would be really helpful if all of you did the following:
1) Check out The $250,000 Project website. See if there's any way you can help. Let us know if you have any feedback on the site itself.
2) 'Like' The $250,000 Project on Facebook. Daily updates and eBay listings will be posted there.
3) Spread the word about us to your family and friends in any way possible! This is probably the most helpful thing anyone can do for us. The more people that know about us and lend a hand, the quicker we will achieve our dream.
The biggest problem I have with the site right now? I have paypal donation buttons on there that just won't work. I am by no means a code monkey (I used iWeb to make the site, it's very WYSIWYG and that's about the only way I could pull off something like that), so I have asked my very good friend Kate to take a look and see if she can help me fix whatever mess I made there. Hopefully we'll have this resolved soon. And if you have any web building needs, check out her site! MissHTML. She's awesome.
I've started listing some of our things on eBay. I'm working hard on decluttering the house, getting rid of the extraneous items we have lying around (and we have a LOT). I doubt we have 250,000 saleable items in the house, but hey, if we DO and each one sells for $1, we'll make our goal through eBay alone. Any little bit we get this way will help. I'll be maintaining lists of everything we have for sale here as more gets posted, but if you're interested in seeing what we've got for now, here's a listing of our eBay sales.
Moving forward, I am going to try to post every day about what I've worked on as it relates to the bar. The background work can be very slow and tedious and I don't always have much to say here about it... sometimes not acknowledging what I HAVE done feels like we aren't really moving forward at all when in fact, we are. It just all takes time. (For instance, the business plan is taking hours to hammer out... building the website for The $250,000 Project has taken quite a few hours as well!)
I think that's it for our current updates. Let me know if you have any questions or advice. Thanks everyone!
Tuesday, May 31, 2011
Being Pulled In Different Directions
It seems that one of the biggest challenges in our adult lives is often the need to manage multiple tasks, often at the same time. You hear a lot about work-life balance, achieving a good one, following dreams, nurturing family, relationships, and friendships, and so on. It can be difficult to find solid footing in the sea of to-do lists we find ourselves surrounded with.
Things are no different over here. I often feel like we're not making a lot of progress on the bar because there's so much to do. Even though I put some work into it every day, sometimes hours of work (depending on my current family and life commitments), it still feels like we're going nowhere.
Logically, I know we are. I've got a really good rough-draft business plan... but it's VERY rough. More like a skeleton with a little bit of meat. Still lots of questions to be answered on there.
We have quite a few boxes packed for moving, and quite a few things put aside to sell.
I have some (hopefully strong) ideas for fundraising, and almost have the main platform we are going to try to use for it ready to launch.
I've been working on spreading the news about our business venture throughout the horror community as well as to all our family, friends, and acquaintances. Since our budget is so limited, a lot of our publicity at first will come through word of mouth... and we need all the help we can get there.
I've been doing all that stuff as well as taking care of my house, my family, our finances, our pets, our general life crap, our activities, our friendships, our grocery shopping, and anything else life feels fit to throw our way.
It's a lot of work. It's not easy work, but it's not hard work either. It just... is. Most of it I actually enjoy, which is funny to me. Granted, I'm not getting paid for any of the work yet, but I'm working on all of these things in the hope that we will have our own money-making business in the near future, so I consider it my job. I've never really had a JOB that I enjoyed before. I like the feeling.
Mostly, I get frustrated because parts of the process take so long. I'm impatient by nature and I want everything to just HAPPEN. Life doesn't work that way. And there is definitely value in the process. Working on the business plan, for instance, has really been helping us solidify our ideas and paint a solid picture of what we want and what will WORK. Packing things up now and sorting out things we don't need will both help us raise money AND make the actual moving process much easier. There is value in taking the time to do things right.
At the same time, the frustrated Veruca inside me is stamping her foot and screaming "But I want to be at the bar NOOOWWWWW!".
So many tasks to complete. They really are coming along, even if it doesn't always LOOK like it from the outside.
We will likely be back in Mount Carroll in two weeks. Who knows what will come of that visit, eh? We have some ideas and some hopes... but we'll see.
Things are no different over here. I often feel like we're not making a lot of progress on the bar because there's so much to do. Even though I put some work into it every day, sometimes hours of work (depending on my current family and life commitments), it still feels like we're going nowhere.
Logically, I know we are. I've got a really good rough-draft business plan... but it's VERY rough. More like a skeleton with a little bit of meat. Still lots of questions to be answered on there.
We have quite a few boxes packed for moving, and quite a few things put aside to sell.
I have some (hopefully strong) ideas for fundraising, and almost have the main platform we are going to try to use for it ready to launch.
I've been working on spreading the news about our business venture throughout the horror community as well as to all our family, friends, and acquaintances. Since our budget is so limited, a lot of our publicity at first will come through word of mouth... and we need all the help we can get there.
I've been doing all that stuff as well as taking care of my house, my family, our finances, our pets, our general life crap, our activities, our friendships, our grocery shopping, and anything else life feels fit to throw our way.
It's a lot of work. It's not easy work, but it's not hard work either. It just... is. Most of it I actually enjoy, which is funny to me. Granted, I'm not getting paid for any of the work yet, but I'm working on all of these things in the hope that we will have our own money-making business in the near future, so I consider it my job. I've never really had a JOB that I enjoyed before. I like the feeling.
Mostly, I get frustrated because parts of the process take so long. I'm impatient by nature and I want everything to just HAPPEN. Life doesn't work that way. And there is definitely value in the process. Working on the business plan, for instance, has really been helping us solidify our ideas and paint a solid picture of what we want and what will WORK. Packing things up now and sorting out things we don't need will both help us raise money AND make the actual moving process much easier. There is value in taking the time to do things right.
At the same time, the frustrated Veruca inside me is stamping her foot and screaming "But I want to be at the bar NOOOWWWWW!".
So many tasks to complete. They really are coming along, even if it doesn't always LOOK like it from the outside.
We will likely be back in Mount Carroll in two weeks. Who knows what will come of that visit, eh? We have some ideas and some hopes... but we'll see.
Friday, May 27, 2011
Writing An Effective Business Plan
It probably comes as no surprise, given my propensity for blogging, that writing comes very naturally to me. It is also likely that it is no surprise that IDEAS come naturally to me. I am constantly generating ideas for projects in many different spheres. Indeed, I have often wished that it was possible to find someone to pay me just to give them brilliant money making ideas... because I have some really great ones, but folks? I'm often lousy on the follow-through.
It seems to me that the reason I am often lousy on the follow-through is because the idea I have generated isn't the right fit for me. It's a good idea and I'm excited about it... but I am not the person meant to follow that path. Sometimes I try, and inevitably I fizzle out.
This idea, my Spookytown idea, is one that I've had for years... I keep coming back to it... but I've been lousy on the follow-through because, quite frankly, it seemed like a pipe dream. It is such a huge vision that it was nearly impossible for me to break it down into steps or even know what direction to turn in order to get it started.
Finding a location we love, and the idea of opening the bar, was one of those moments of serendipity where everything just gelled together in my mind, and it all seems to FIT.
We've done all the work we can up to having a completed business plan at this point, I believe. The business plan is the next logical step. We've been working on it (indeed, I have 16 pages of it rough-drafted), but it's a much bigger task than I expected it to be. It seems, from my research, that there is no one set business plan. Most of them have elements of similarity, but depending on your purpose and your business, each one is very unique. It's POSSIBLE to have a small, two or three page business plan, but for what we want to do, that doesn't feel right. The two primary purposes of our business plan are 1) to help us secure funding and 2) to make sure the vision we have in our heads is REALLY a good, worthwhile investment (inasmuch as research can support, anyway). That means lots of market research and financial documents.
I am certainly capable and confident about all of those things, but they are taking longer than I expected. Since I am an idea generator, naturally I keep generating more and more ideas for this project... and it is somewhat frustrating to have to write them down on a list and keep focusing on the business plan until it's complete. I'm not used to focusing on just one thing. It's a bit of a challenge for me.
For instance, the other day I generated what I believe is a great idea to raise funds for the project (actually I have generated TWO great funding ideas in the last week, heh), and I'm eager to get started, BUT the main one will take a lot of time and focus. So if I start working on it, the business plan will fall by the wayside, and suddenly we might find ourselves with a decent amount of funding but only a half-completed plan. That doesn't make logical sense.
So I have to reign in my impulses and complete the task at hand. It's a challenge for me, but that's OK. It's good to push ourselves out of our comfort zones once in a while. I'm just so excited about all of this that I want to tackle everything at ONCE! ... And there's not enough time or resources going around to manage it all effectively. So, one thing at a time.
In terms of writing the business plan, the two resources I have utilized most have been:
A) the free website Bplans.com, which has a TON of useful advice, sample outlines, and a large variety of free sample business plans.
B) The book The Complete Idiot's Guide To Business Plans PLUS, which has been chock full of information as well AND has a CD with a ton of information on it. I took it out from my local library for free, but I am thinking it will be well worth the purchase price and am considering buying it for our own personal reference as well.
When the business plan is complete, I'll be looking for a few sharp eyes to look it over. I'll need folks that are willing to proofread AND ask difficult questions. I'd like to make sure we didn't leave any holes and that the plan is as complete as possible before we use it to try and secure funding. If you are interested in being one of those people, please let me know.
Additionally, if any of you have any advice or resources regarding business plans that you'd like to share with us, please feel free! We appreciate all the help we can get.
It seems to me that the reason I am often lousy on the follow-through is because the idea I have generated isn't the right fit for me. It's a good idea and I'm excited about it... but I am not the person meant to follow that path. Sometimes I try, and inevitably I fizzle out.
This idea, my Spookytown idea, is one that I've had for years... I keep coming back to it... but I've been lousy on the follow-through because, quite frankly, it seemed like a pipe dream. It is such a huge vision that it was nearly impossible for me to break it down into steps or even know what direction to turn in order to get it started.
Finding a location we love, and the idea of opening the bar, was one of those moments of serendipity where everything just gelled together in my mind, and it all seems to FIT.
We've done all the work we can up to having a completed business plan at this point, I believe. The business plan is the next logical step. We've been working on it (indeed, I have 16 pages of it rough-drafted), but it's a much bigger task than I expected it to be. It seems, from my research, that there is no one set business plan. Most of them have elements of similarity, but depending on your purpose and your business, each one is very unique. It's POSSIBLE to have a small, two or three page business plan, but for what we want to do, that doesn't feel right. The two primary purposes of our business plan are 1) to help us secure funding and 2) to make sure the vision we have in our heads is REALLY a good, worthwhile investment (inasmuch as research can support, anyway). That means lots of market research and financial documents.
I am certainly capable and confident about all of those things, but they are taking longer than I expected. Since I am an idea generator, naturally I keep generating more and more ideas for this project... and it is somewhat frustrating to have to write them down on a list and keep focusing on the business plan until it's complete. I'm not used to focusing on just one thing. It's a bit of a challenge for me.
For instance, the other day I generated what I believe is a great idea to raise funds for the project (actually I have generated TWO great funding ideas in the last week, heh), and I'm eager to get started, BUT the main one will take a lot of time and focus. So if I start working on it, the business plan will fall by the wayside, and suddenly we might find ourselves with a decent amount of funding but only a half-completed plan. That doesn't make logical sense.
So I have to reign in my impulses and complete the task at hand. It's a challenge for me, but that's OK. It's good to push ourselves out of our comfort zones once in a while. I'm just so excited about all of this that I want to tackle everything at ONCE! ... And there's not enough time or resources going around to manage it all effectively. So, one thing at a time.
In terms of writing the business plan, the two resources I have utilized most have been:
A) the free website Bplans.com, which has a TON of useful advice, sample outlines, and a large variety of free sample business plans.
B) The book The Complete Idiot's Guide To Business Plans PLUS, which has been chock full of information as well AND has a CD with a ton of information on it. I took it out from my local library for free, but I am thinking it will be well worth the purchase price and am considering buying it for our own personal reference as well.
When the business plan is complete, I'll be looking for a few sharp eyes to look it over. I'll need folks that are willing to proofread AND ask difficult questions. I'd like to make sure we didn't leave any holes and that the plan is as complete as possible before we use it to try and secure funding. If you are interested in being one of those people, please let me know.
Additionally, if any of you have any advice or resources regarding business plans that you'd like to share with us, please feel free! We appreciate all the help we can get.
Tuesday, March 8, 2011
Books!
We are always interested in furthering our education, especially when it comes to preparing for this business! What books would you recommend we check out in relation to opening our spooky bar / restaurant? They can be business books, books on running bars, books on running restaurants, spooky books, inspiring books, anything you think might fit the bill! Feel free to take a look at our running to-do list as well; that might give you some idea of the steps we're working on and thus which books to recommend.
Currently we have and/or have read the following:
Thanks in advance for your recommendations! We really appreciate them!
Currently we have and/or have read the following:
Thanks in advance for your recommendations! We really appreciate them!
Thursday, March 3, 2011
A Running To Do List
This is our running to-do list, in roughly chronological order, as we work towards this goal of opening our awesome bar. If anyone has experience in any of these areas, or suggestions on any of these items, or thinks we should add / move / remove anything, please feel free to share your thoughts with us!
get restaurant running book
get a book about business plans
make up a business plan (ch. 5)
research the area and competition
find a realtor
look into bartending school - cost and length of course
find advisors - accountants, lawyers, etc (ch. 3)
find out timelines for permits (ch. 3)
clean up our current house / pack stuff for moving
list current house for rent
set up temporary office / living space
get info on liquor license (ch. 3)
develop logos, trademarks and brand (ch. 4 and 6)
set up bank accounts
find funds (ch. 3)
buy the place
research computer sysems (ch. 12)
look into credit card processors
look into payroll systems
set up utilities (BEFORE moving in or starting any construction)
complete papers for permits and licenses
find a contractor (ch. 4)
get construction going
review plans for BOH, FOH and exterior (ch. 6)
research equipment suppliers
source equipment (ch. 7)
work on manuals, job descriptions, etc
order needed equipment
order tables, chairs, etc
purchase POS system
start hiring process (ch. 6)
investigate phone systems and companies
finalize menus and hours
research pest control
review resumes
source food and drink suppliers
bartending school?
revise advertising and promotion plan
research music options
create a training schedule
order merchandise (to sell) and uniforms
Subscribe to:
Posts (Atom)