Good morning girl bosses!
I love this time of year! My slow time of the year corresponds with the New Year, which makes it the perfect time for setting goals, building up inventory, and plotting out how I want the year to go (which also means planning the shows I want to do).
Yes, I said, “setting goals” not “making resolutions.” The thing I don’t like about resolutions is that they often become more like wishes rather than achievable goals. I have no idea what my New Year’s resolution was last year. I probably didn’t make one. But I also didn’t have a focus for the year like I have for this year. Wanna hear what it is?
Let me back up a little. This post will eventually get around to my business goals for the year, but first I want to give you a little background on what’s going on with us and our personal goals for our lives (it’ll all make sense eventually).
When I started this business, it was to help with our debt snowball. For more on that, hop on over to Dave Ramsey’s website. His stuff is gold if you’re really ready to buckle down and tackle your finances like an adult. If you’re not into delaying gratification, driving an old car, and pretty much never eating out while you’re working his plan, you’ll probably want to stay away.
We’ve been out of debt for about two years now, and our next step has been to tackle our mortgage, but we haven’t been pounding on it like we should be. The reason is partially because I stopped paying us out what I had been so that I could build up the business a bit more—you know, investing in a better camera, a design for the shop, fancy business cards, lots of shows, etc. etc. For a little while, I was toying with the idea of really bulking up my business savings so that I could invest in renting a retail space of my own.
Fast forward to last month, when Dan and I were thinking about and planning for 2018 and doing our budget for the year (yes, the whole year. I’m a huge nerd. I can’t live without that kind of structure).
I had already decided that I wanted to pick a word for the year, and I told Dan about the idea. Looking at our budget at the priorities that we had, it was pretty easy to decide on our word.
We have an aggressive goal of paying down 33% of our mortgage by the end of this year. I say it’s aggressive because the income from my teaching job plus the set amount from Dan’s income that we’ve decided to dedicate to the mortgage will only cover about 18% as it sits right now, which means my business has to contribute an additional 15%. That’s a lot, but I know that I can do it if I stay on pace with what my business produced last year (here’s hoping that I can surpass it and contribute even more).
So how does that affect my goals for 2018?
So glad you asked.
I want to start with my goals for this quarter, which I hope to transition into each quarter (with some tweaks) as the year goes on.
Goal #1: No spend January.
That’s right. I have vowed not to darken the doors of JoAnn’s, Hobby Lobby, or my cluster of beloved thrift stores this month. AT ALL.
I’ll give you a minute to recover.
I’ll admit, this is hard for me. I get a lot of inspiration and creative energy from these places, not to mention materials for my pieces. But you know what else I get? A lot of stuff that I don’t even remember purchasing! Good stuff. Stuff that I could really use.
So that’s what I’m doing. I’m spending my January creating pieces that I already have the materials for, and I have plenty—wreath forms, felt, fabric remnants, paint, furniture, wood scraps, card stock, notions, ribbon, dowels….the list goes on. And you know what else I have a lot of? Half started projects that I never got around to finishing! I have nine dowel lengths painted and ready to be made into fairy wands. I have at least twenty (and probably more) tea wallets already cut out and ready to iron and sew. I have a telephone bench that needs to be painted. I have a wire wreath form spray painted gold and waiting for some felt flowers. I have felt flowers that are all cut out and waiting to be put together. The list goes on and on.
And do I need to go to JoAnn’s in order to complete any of these pieces? No, I don’t.
Not only will I save time and money by not visiting these stores, but I will also be decluttering my work spaces by using up materials that I already have laying around! Just this past week I finished two pillows (the forms have been sitting there for at least 6 months) and several linen heart banners for Valentine’s day from leftover fabric from over a year ago:
It’s already the 15th, and I’m feeling the withdrawals and trying to convince myself that the excuses I’m coming up with to head to the craft store are actually really good reasons for me to break my vows and buy a bunch of new stuff. So far, I’ve been able to resist, and I’m putting a lot of obstacles in my own way by making sure that I always have a project in my face that needs to be completed.
One side effect of this experiment that I didn’t anticipate was that my creativity has been engaged in a different way than it has been lately–by forcing myself to use only materials that I have, I’ve been seeing the items in my basement and garage in a whole new light, and seeing new ways to use materials without even having to browse Pinterest for inspiration. It’s been fabulous, and I can’t wait to share more of the pieces I’ve been creating lately!
Goal #2: Stock up my shop.
As I’m going through bins and boxes of materials and pieces that I’ve purchased for one project or another, I’m discovering some amazing things that I no longer need but are going to be great additions to my shop. As of writing this post, I have 113 listings in my shop, and I’m on a mission to get to 200 by the middle of February (that’s about 2.8 listings/day, which is more aggressive than I’ve ever been in the past. The number one thing that I’ve found that consistently drives people to my Etsy shop is consistent postings, so this is a really good goal for me, and one that I actually have time for right now!
Stocking my shop is always on my radar, but during slow times when I’m at least a month out from my new craft show I can really buckle down and focus on getting as much new inventory photographed and ready as possible.
Goal #3: Find new things to try.
This one is still developing. There are at least three new shows that I’m planning to apply to this quarter, and I’m also toying with the idea of renting some space inside a larger co-op type store. There are several places where I’ve thought about doing this in the past, but now there’s a new place opening in downtown Rochester, and that is almost too close not to make it worth it.
I’m still an avid Goal Digger podcast listener, and I’ve recently added The Purpose Show to my playlist, as my new podcast material. It’s a little more focused on motherhood than on small business and goals, but it’s a nice way to round myself out and make sure that I’m focusing on my family and not just on my business for the better part of the day.
I also want to add a few books to my reading list for this year that have to do with my business, and I’m hoping to start with Sheryl Sandberg’s Lean In. I haven’t come across any other business related books for the list yet, though I have TONS of fiction books that I’m hoping to get into this year.
I’m also shaking up my morning routine (I’m just now getting back into my routine of heading to Starbucks at 5 a.m. on non-preschool mornings) by adding morning pages to at least a couple of my mornings each week. I typically brain dump into my planner each week, but my planner is a bit tight on space, and my brain is a wild jungle full of scary gibberish which is a little overwhelming for those neat little lines and boxes. I’m hoping that doing a massive dump will help me to streamline so that I don’t overwhelm my poor little planner.
What are your goals for 2018, both personal and business related? Do they overlap at all? I’m hoping to get some of my fire back with a solid goal that will really affect our family’s life going forward into the next two years. When I started this business, that fire was there, and it fueled some major growth!
I’d love to hear from you about some of your strategies for a productive year, month, and week, too! Do you bullet journal? Use a planner? Do morning pages? How do you release all that extra “stuff” from your brain so that you can be free to concentrate fully on the most important tasks for your week?
Here’s hoping to a wonderful January and an even better 2018! Get your goals on, girl bosses!