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Owning a Business is Hard – But so Worth it!

People have this perception of owning a business. They think it’s so easy and so cool because a business owner can “make their own schedule,” “do something they love,” and “can make money for themselves.” And while it’s great because I can do all of that, it’s far from easy. Especially in the beginning of a business, it takes a lot of work, money, and time you don’t have. But you do it anyway. You do it because you’re passionate about what you do, you want to succeed, and if you don’t do it..who will? Most of us that start businesses also have a “day job” so your small business becomes your “night job” and free time. Being a business owner since

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I was 19, I sacrificed a lot of my free time, money, and opportunities to do things other people my age were enjoying. Instead of going out, traveling, partying, and shopping I was investing in my business, working on the weekends, working during the day, and working at night. And was I jealous? Of course I was, at the time. But I knew that what I was doing was investing in my future and doing something I truly enjoyed.

So for this of you that are thinking of starting a business. Let me give you a few pieces of advice:

  1. You’re going to fail a lot of times before you succeed. Be excited about that! That’s how you learn the most about yourself and your biz.
  2. Be patient with yourself. 9 times out of 10 an overnight success is just that. It may be successful now but their foundation is usually weak. A true solid foundation takes time.
  3. You’re going to sacrifice a lot. If you want your business to succeed, you’re going to have to invest in it. Time and money. But trust me, it’ll be worth it!
  4. Celebrate your triumphs (big or small). Don’t be so hard on yourself.
  5. Learn from your trials (big or small). Make each struggle worth it.

Business ownership isn’t for everyone. Some people are just not built that way. But if you’re passionate about something, feel like you can offer the world something special, and are willing to work hard for it then business ownership is one of the most rewarding things you can every do.

xoxo,

Kissa
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Happy Friday

Happy Friday, friends!

The theme of this week was organizing. You don’t realize how behind you really are until you go through your inbox! Sheesh! I’ve been behind on all the behind-the-scenes aspects of the business, and it adds up! Bookkeeping my expenses, filing, etc. But thank goodness, I made some really big progress today. With the gloom and rain all I want to do is snuggle in bed with my hubby and my derps but alas,

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these expenses aren’t going to log itself!

My plan moving forward is to do my bookkeeping every week. That way – 1: I’m not on Quickbooks all day, every day. And 2: I don’t get inundated and wonder if I’ve already recorded certain transactions and deposits. Let’s pick a day – sayyyy…Friday? Keep me accountable, Internet!

Next week is going to be a big week for CO. I’m planning on launching our new website (complete with our new online shop), we have case designs to finalize, a look book to start planning, and we’re on our way to preparing for the Unique LA Spring Show!

Have a great weekend everyone!

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More Business FAQ – Starting a Business in California

This week is sort of a bummer. I got sick and am laying in bed while I’m typing this. But truth is, nothing can get me down. So along with our giveaway that we’re announcing on June 10th, I thought I’d share a little more information about starting a business here in the great ol’ state of California. It’s pretty easy as long as you’re well informed and do your research. I can’t stress this enough, educating yourself before starting a business is key. If you’ve read my previous post about opening a business in California then you know there are a lot of things to think about when starting one. So you’ve got your DBA in hand, you got your tax permit, and you’ve got your FB and Twitter set up, so now what? Here are a couple questions to ask yourself:

1. Am I selling goods or a service? In the state of California, if you are selling any type of goods you need to have a reseller’s license from the California State Board of Equalization, who will be collecting your sales tax from you. Depending on where you conduct business, the nature of what you are selling, and what kind of sales volume you have the BOE will arrange the correct payment schedule (quarterly, annually, etc.).

2. Did I open a bank account yet? You definitely want to keep your business and personal financials separate. The last thing you want to do is get them mixed up, so go to your favorite bank and set up a business bank account.

3. Do I have my business plan set? This is such an important part of the start-up business process. What is the goal of your business? Where do you see your business in 5 years? In 10 years? What sets you apart from your competition? How do you plan on approaching your target market? These answers are all found in your business plan. The hard questions are answered here so you are ready to present it to people that matter. Of course, your business might grow and change as time goes on so make sure you keep updating your business plan accordingly.

 

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