Friday Update Blanket Squares and Ancient Egypt.

FO: Success! I have finished the hitchhiker shawl (see last weeks update) and given it to my mum as a thank you for all her help recently. I loved the pattern and I already have plans to cast on another one. 

WIP: I am taking part in the Enchanted Cottage Knit Along in Knit Now magazine. Twelve squares should knit up into a lovely blanket. This month’s square was a crochet pattern which looked beautiful, but I know my own limitations and crochet is sadly one of them so instead I am knitting last months pattern in the colours of the crochet square. 

CURRENTLY READING: I’ve been faffing about with different books but I’ve finally landed on Isis in the Ancient World by R E Witt. I was listening to A Good Read on radio 4 last year and Joann Fletcher was on it. She recommended this and I am enjoying it, although with the knowledge it was first printed in 1971 I get the feeling some of the details might be a bit out of date. Joann Fletcher did mention she might be writing a more up to date book on the same subject, which I would love to read. 

LISTENING TO: This Sceptred Isle by Christopher Lee. 

I’ve been finding out about Wyatt Tyler and the reign of Richard II. A very interesting period especially when you know it leads to the War of the Roses.

WHAT I’VE MAINLY BEEN DOING THIS WEEK: Trying to keep the house as tidy as possible for people to come and view it, whilst planning for a weekend of viewing other people’s houses. 

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Friday Update Blanket Squares and Ancient Egypt.

Business Planning 

I mentioned in the last blog that I have a mind which is constantly trying to apply logic to this world and failing. I hope with this near constant disappointment by trying to get my life as organised as possible. So I’m a bit surprised that I haven’t done a business plan before. It’s practically on page one of my well thumbed copy of The Handmade Marketplace, my bible and touchstone on my way to becoming a successful small business.

I worked through The Prince’s Trust workbook (which got a mention last time) and do you know what I found? I have been seriously under charging for my cushions. 

In my previous calculations I’d rounded up here, down there, not included Etsy fees, zips, etc, and finally plumped on a price for my cushions that I think people wouldn’t mind paying, rather than what they should be prepared to pay for a quality product.

Doing a business plan made me realised that realistically I was making only £3.00 on each cushion, which was quickly swallowed up if the postage went over what I charged, or if the buyer wanted to return the item.

So now I have to be brave and put my prices up. I will sit at my computer screen and wait for the cries of horror from my followers, but they will hopefully not come. It comes at the right time. I am going to close my Etsy shop for a few weeks to give me a chance to build up stock for The Handmade Fair which I’m attending in September, and when I return there will be new prices and a new business head on my shoulders.

Business Planning