Thursday, July 31, 2008

Getting Started

In the coming weeks I want to give you some guidelines and principles that I have learned in the five years I have been making jewelry.

Jesus gave an illustration in the New Testament that teaches before a man begins to build a building he should sit down and consider whether or not he has the resources to finish the building. That's a really great principle.

When we decide to take on a new task, whether it is a responsibility, a job, a new business, or even a marriage, we should sit down and think through whether or not we have the resources necessary to succeed. If you are wanting to start a jewelry business consider the following.

Consider the Cost
It costs a lot of money to start a jewelry business that will offer more than five or 10 necklaces at your first show or in your online shop. I recall when I was first starting I had not yet purchased any beads. I heard about the Gem and Jewelry Show in Chicago so decided that would be a great place to buy supplies and beads. I walked in and was immediately overwhelmed by the hundreds of tables filled with every kind of bead imaginable. I didn't know where to start! Someone told me they thought I could get started for $1,000. What a laugh! I spent nearly $1,000 at that show and walked out with a few small bags of beads. It was enough to get started making jewelry but it was not enough to start a business! The start up of our jewelry business required much more than $1,000 cash because we made the decision to make quality jewelry using the best quality beads, sterling silver, and components we could find. If you are contemplating starting a jewelry business, consider the cost.