I'm so excited to introduce to you this week, Teri of the Beaded Branch. Teri is so generously allowing us to follow her through her business development plan over the next two months (or more if she allows me!). This week I discussed with Teri her goals, mission, and overall "feel" she would like her company to portray. This is a very important place to start so you know how to develop your business, and what direction to go in. Obviously if your goal is to generate tons and tons of sales, you need to have lower priced items. But, if your goal is to create extremely expensive items, you aren't going to generate all those sales! It's important to realize what you want before promoting yourself too much. So, this week Teri and I discussed those important items. Let's check in with her and see what she came up with....- What is your business? What is the mission of your business?
The Beaded Branch creates and sells beautiful, handcrafted, one of a kind pieces of jewelry and accessories at affordable prices, because we believe that everyone should be able to afford beautiful jewelry. I’d like to see The Beaded Branch grow, and becomemore well-known.
- Think about a goal you'd like to set for your business to be accomplished in 2010. What is this goal and what is the first step to achieving it?
My goal for 2010 is actually twofold. I want to expand out the Present Past Treasures line of jewelry and be able to open a separate online shop where people can buy most of the supplies needed to make them. To expand out the line I would like to create more pieces in a wider variety of colors and styles. Also, to experiment and figure out how to make them into bookmarks, bracelets, Christmas tree ornaments, cell phone/zipper/purse fobs. As I figure this out, I also want to be able to write tutorials for these separate projects, and get them published as a whole book. (But that will actually probably take a couple of years, thinking about it rationally). The writing of the tutorial will lead to the second shop, because I would like to be able to offer people the supplies to make these beautiful pieces for themselves. The first step to achieving this is to find the time and resources to be able to “play”.
- How is your company different from your competition?
My company is different from my competition because I’m the only one who offers Present Past Treasures. They are completely unique, because it is a technique that I have developed myself.
- Are there any expenses you will need to develop your business in 2010?
Can these expenses be put on hold until you begin to make a few sales, or are they expenses that need to be taken care of right away?
Yes, there are expenses, namely being able to buy the filigrees necessary for the experimentation and then for pieces for sale, plus some of the extra supplies, such as bails, and whatever else it will take to create all these pieces.
These are expenses that I do need to take care of right away, especially the filigrees, but I need to put them on hold for the time being.
- Please write 5 words that describe the style you want your business to be known for.
Unique, romantic, fun, beautiful, affordable
Looking at Teri's early business development thought process, she has some great goals laid out for herself! Right off the bat, we can tell the Present Past Treasures are going to be a large part of Teri's business, and one of her main focuses. For this reason, we are going to develop and nurture this idea and goal over the next couple of months.
I am looking forward to hearing how Teri's goals pan out in the near future, and seeing her process as she develops her business as well as her Present Past Treasures!
Now it's your turn. For those of you who would like to develop your business alongside Teri and Rose, think about these things over the next few days and see where your business takes you! We'd all love to hear your responses in the comments below, so we can all learn from each other, too!
Next week I'll be discussing different activities and ways to develop your goals and really pinpoint what it is you need to do, so be sure to stay tuned!














