"The start-up phase of a new small business is characterised by tremendous uncertainty... decisions may be a little compulsive, erratic and inconsisent... will almost certainly face a cash crisis...huge financial drain.." - Managing a small business in Australia, John English & Babette Moate
Seems like I tick all the boxes!
I finally sat down last night, after going cross eyed cutting out fabric, and worked out how much fabric I had and how many rugs I could make with it. Seems like I've got quite a bit! I calculated (and actually wrote down ) that I have enough contrast fabric, and wadding for about 18 rugs. (and more fabric on the way, courtesty of a couple of Ebay bids that I didn't think would come to anything)
That's the good news.
The bad news is that I still need to buy more denim (that's not the cheapest stuff going around) and the coated backing (again not cheap!) for the all these rugs.
So I headed back across to Spotlight today to buy, what I thought would be, the last of the materials needed to get enough stock made for the market I'm hoping to go to in December. Not so! When I bought a full roll of wadding on Friday, I got a really nice discount for taking the whole thing. When I asked today about a discount for a whole roll of the backing fabric, they only offered me half of the discount I got on Friday! Not happy! Add to that that I couldn't find the same denim that I bought on Friday and I wasn't a particularly happy camper. I did, however, find another denim that is close to what I wanted and realistically, I'm not going to mix the two types on the one rug so it really doesn't matter!
The upshot of all this is that I was quite apprehensive about spending another huge wad of $$$ today but didn't have to be as they didn't have everything that I was after!
Cash crisis averted (for another week, anyway!). Time to go and crunch some numbers and see exactly how much money I need to, eventually, put back into the loan redraw...
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