Gosh, it has been almost 2 months again since my last post. I feel like I've almost let this blog die, which I don't want to do. My original intention was to show people ALL the ups and downs of becoming a self-actualized entrepreneur. But I've been so incredibly busy trying to keep the business afloat while the developing the website, that I just haven't had time.
My GoFundMe campaign did quite well in December, with several people stepping forward and offering their assistance, for which I am eternally greatful. It seems to have wound down now, though I will keep it going for a little while longer until I can present my revised business plan to the Business Development Bank of Canada.
On that note, it became apparent to me that trying to get the website established would take a lot longer than I had realized, and it would probably not be possible to do it without some involvement in E-bay, as much as I hate them. So, as I began to realize this, I started to understand that to really get out of this hole that E-bay put me in, I would have to come up with financing to be able to hire employees, replenish my inventory, pay down high interest debts and essentially get a fresh start. To do this is no easy task and would require a thorough business plan.
So around Christmas I started re-writing my original plan, taking everything I have learned over the past 3 years and additional research into account. I have now completed it and am ready to present it to lenders.
Along the way, I have posted videos on my Youtube channel which I uploaded to keep my donors apprised of my progress. However, I think I may continue it and use it to supplement this blog, as it is relatively easy for me to shoot a quick video and to upload it.
Here is a link to the video, I posted this morning:
My GoFundMe campaign did quite well in December, with several people stepping forward and offering their assistance, for which I am eternally greatful. It seems to have wound down now, though I will keep it going for a little while longer until I can present my revised business plan to the Business Development Bank of Canada.
On that note, it became apparent to me that trying to get the website established would take a lot longer than I had realized, and it would probably not be possible to do it without some involvement in E-bay, as much as I hate them. So, as I began to realize this, I started to understand that to really get out of this hole that E-bay put me in, I would have to come up with financing to be able to hire employees, replenish my inventory, pay down high interest debts and essentially get a fresh start. To do this is no easy task and would require a thorough business plan.
So around Christmas I started re-writing my original plan, taking everything I have learned over the past 3 years and additional research into account. I have now completed it and am ready to present it to lenders.
Along the way, I have posted videos on my Youtube channel which I uploaded to keep my donors apprised of my progress. However, I think I may continue it and use it to supplement this blog, as it is relatively easy for me to shoot a quick video and to upload it.
Here is a link to the video, I posted this morning:
For those of you wishing to check out my GoFundMe campaign, the link for it is here:
how are you doing re your requests for financing? BDB suitably impressed with your updated Biz plan?
ReplyDeleteGood, I think. I presented my plan to BDC last Monday, and am waiting to hear back.
Deletewhats up? You haven't posted here in MONTHS.... Too busy making money I guess
ReplyDeleteBeen very busy implementing my plan. Will post an update when I have time.
Deleteno posts in 5 frickin months???
ReplyDeleteB&B season heating up for the Steph-ster?
Still very busy getting ready for a toronto stamp show. Will post when my show is done.
DeleteAny update? Financing in place? B&B season going well?
ReplyDeleteHow`s in flowin? - cash flow I mean....
Ok, BDC backed out at the 11th hour after telling me for 6 months that I would qualify, but I am pursuing other investors and am in discussions with two. B&B is fully booked almost through to October and business is the best it has been, now that I am focusing on want list business and shows.
DeleteHave been busy with my year end and now that that is done I have to clean up the office and reorganize and then I can hopefully start writing blog posts again.
R U done with this blog??
ReplyDeleteNo, I'm not. I've just been extremely busy. One of the problems is that I have learned and experienced so much over the past 10 months that I am not sure where to begin. But I am at a stamp show and away on a 6 week contract. So maybe I will use this as an opportunity to reinvigorate the blog and get started writing again.
DeleteThanks for checking in