I spent much of my day in the office basically trying to better understand my business. I had a bit of an aha moment when I realized I wasn’t thinking of my business in the correct terms.
When I was providing web design services, I was running a service company. The accounting was simple, I had low overhead and billed hourly.
When I made the change to art I made the mistake of thinking of the business as a retail business. After all, my end goal is to sell art. But that’s not really what the business does. I make art and then I sell it.
I just realized, I’m a manufacturing company! Now things are starting to make sense!
I bring in raw goods and produce a finished product. I was having a heck of a time figuring out the accounting side. Inventory and Cost of Goods Sold clicked into place.
I’m really glad I took the time to sit down and work through some of the business side of things. I’d be avoiding it because I didn’t want to get caught up behind the computer. Not because I didn’t want to be there. Rather, because I was concerned about avoiding the comfortable.
My concern from the beginning was that I would avoid pushing myself outside my comfort zone. Hiding behind a computer screen and avoiding the unknown.
I think I was too severe in my avoidance and I am going to try to be more balanced with my time. Without spending time thinking about and working through the business questions, my future will lack direction. I need to plan the business side like I plan a painting. Otherwise, the end result will be less than desired.
I want my business to be a Rembrandt. Not a Picasso. I’d hate for someone to look at my business and say, “Ah…, was that intentional? You do realize you’ve got the eyes in wrong spot, right!?”
- Business Accounting
- Paint Something