cottage industry

From Hobby to Business: Hobbies cost money, businesses make money

April 6, 2011

Lots of women start what I call a “side job” or small cottage industry at home. They do everything themselves and It’s a way to make extra money either selling online or at craft shows. And for those of us who love being creative it’s a terrific way to do what you love and make “some” money. But in the long run it may not be the best model for a fast track profitable product business making “real” money.

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Pricing Pitfall #2: Miscalculating Labor Costs

February 13, 2011

  Miscalculating Labor Costs or Charging Too Little or Nothing for Your Own Labor:   If you have a small manufacturing business or cottage industry, a huge miscalculation I see all too often is miscalculating labor costs or forgetting to pay yourself what you would have to pay someone else and factor this into your […]

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