Well Les, How's it gone after a Week, have you hit your targets......
Much to the puzzlement of banks and accountants, we didn't write a business plan for this little venture. Firstly, because it's a completely new type of shop for the area, so there's no accurate business model to base it on, and secondly because we were hell-bent on getting out of the work that we were in (special needs education) for the last three years of my working life, and just having fun doing something that we wanted to do. Thus, there are few targets that we can refer to.
However, I did consider a figure for minimum annual turnover, and to convert that into cash in the till on a daily basis, I divided it by 300 to give a figure for average daily takings......a bit simplistic, but very much in line with my plans for the shop. Here's how it went this week....Monday and Tuesday, marginally over target; Wednesday is half-day closing in Bala and it hammered down with rain all day, and we got 40% of our target, Thursday wasn't much better, so far as the weather was concerned and we got 60%, Friday 150%, Saturday 250%, Sunday 66%. So all in all our average turnover was fine and just over target.
The best thing is that we're being noticed. Loads of local people have called in, bought something and promised to spread the word. We have sold items from across the range, although the more expensive bowls were slow to take off. However, Saturday was amazing. We had several local professional people who's heard on the grapevine during the week, come to see us to see what it was all about.....and I started to sell my more expensive bowls.....so I'm happy!
Les
