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A Small Business On The Side

10/1/2013

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Hi! It's Zoe. The past several weeks it has been raining where I live. Did you know every minute one billion tons of rain falls to Earth! Anyway, this rainfall has caused me to stay indoors a lot and be even more creative. So, for the past few weeks I have been making and selling duck tape wallets. I have learned how to figure out my profits, after costs, and to sell my product to people convincing them it wasn't a run-of-the-mill wallet. 

When I first made a duck tape wallet I did it because I thought it would be a cool thing to have. My first one didn't turn out so good, so I decided to look up, on the Internet, a way to make them. I found a great tutorial and I started making them in a flash. But, I only had four types of duck tape, and it was getting boring. I asked my Daddy if he would take me to buy some more tape, and he said yes, though, I would have to pay him back. we bought some of the more popular patterns, like, bacon, mustaches, and camouflage. The total costs for materials was about $15 dollars. I think that's a lot of money just for materials, but I believed I could pay it back with my profits. What I learned was that my total sales minus the costs of supplies would equal my profits. I was so excited to start my small business! 

Even though I would probably make some profit, I mostly did this to practice being an entrepreneur. Some business rules I created for myself are, I always stick to my rate, and I never give my product to a person without them paying for it first. 

Over time, I made my wallets more desirable by adding pockets inside them and different color interiors. I also created a business card with reasonable promises for my buyers, like repairing the wallets for free and giving commissions to people who refer customers to me. Sometimes, I get special requests. With all these promises and requests, my business is skyrocketing, and it was all thanks to great management! 

This great business was created one rainy day. I can't wait to see where it leads. Bye!

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    Zoe B.

    Zoe has been writing since she was six years old, participating, for the last six years, in the NaNoWriMo Youth Writers Program challenge. In second grade, her story "Drake the  Dragon" won first place at Canterbury Elementary. By fourth grade, her essay on The Alamo was honored by being archived at the historical museum. At age nine, she won the Watermill Express and HEB scholarship competition for her  essay, "A Healthy Mind, Body, and Earth." Zoe aspires to become an entrepreneur, but enjoys writing. She loves to write about the world she lives in and lessons learned growing up. She is the inspiration for the book character Lae Lae.

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