What I've learned this week

This week there was a lot of emphasis on finding and hiring the right people for your business.  I found the topic very interesting because it isn't something I have a lot of experience with.  I realized that although I have some work experience, I have very little interviewing experience.  All of my previous jobs I either worked for someone I knew, worked up into a company position or started off with a temporary hire company.  None of these situations required an interview except for one and it was so long ago that I don't remember the process for it.

I think the consensus I have come to with all the reading and pondering this week is that it is important to me to hire the right people and I am willing to sacrifice time and money in order to find them.  I also learned that I am not willing to work with family members other than my husband.  I don't think this situation would ever arise for me but it good to know ahead of time where I stand on this.  I also learned that now matter who I do hire, I will completely train them to be successful in their position and to give them the confidence they need to fulfill their commitment.

$100 challenge report

I have sold $206 worth of products with a cost of $72.75 for a net profit of $133.25!! I'm quite proud of the numbers!

This week I have come to realize that this would not be a business that I would pursue full time.  It has served it's purpose well, but if I were to do it again, my profit margins would have to be higher to make it worth my time.  I might continue baking here and there if orders come just to have a little extra spending money, but I would not be able to forgo my job to do this instead.

I have enjoyed making people happy with my products and have enjoyed the compliments towards my baking.  However, I have given up substitute teaching jobs to stay home and bake on days that I promised product and it would have been more lucrative to take the teaching job.

These are good lessons to learn and I'm grateful to have had the opportunity to learn them.