Week #11

This week we were able to explore some case studies and have discussions regarding starting a family business. This allowed me to see some of the challenges associated with starting a family owned business. What I learned is that you really have to take into consideration how you are going to organize the business moving forward. You have to be clear about responsibilities, equity, salary, etc. Sometimes this is difficult to discuss because they are family and you are so close to them that talking business is difficult. Despite this challenge, it is necessary because it can definitely become muddied if things aren’t detailed and things go south.
This week was another great week for Custom Pillow Covers. We have had a lot of returning customers and we have been making seasonal pillow covers that are a hit. We had a lot of orders before thanksgiving, because people wanted there house to be festive and we already have more orders and requests for Christmas. It’s sad to see the business come to a close because we really have become connected with some of our customers. Having my husband alongside has really made a huge difference while doing this challenge. It has brought us together and actually made our marriage a lot of fun. Instead of watching t.v., we are out making money, creating posters and strategizing our next move. It has definitely been a valuable experience that we will never forget