If I hadn't bought, oh, two thirds of this little lot, then the figure might have at least scraped into the black. And the thing is, I could still have made most of my inventory, while cutting my expenses that far.
Well, I think that's more than one lesson learned!
- Lesson 1: KEEP A ROUGH RUNNING BALANCE FOR YOUR INCOME AND EXPENSES and PROFIT. Don't just start plugging all the figures in at the end of the year!
I don't have to tell you, right? You've never been as dumb as that? Unfortunately, it appears I do have to tell ME! And not only that, but to act on it as well. From now on: I must know where my business finances stand. All the time, every time.
- Lesson 2: I CAN'T AFFORD TO BUY MORE STUFF: not till I'm back in the black, anyhow. Therefore: until that point, all craftiness must result from my EXISTING stash. Now there's a little jabbing demon, sticking a pitchfork into my calves to prod me into prodigious creativity. Yes! I am inspired!
Now: to not only learn these lessons, but to hold fast to them. I challenge myself, here and now.