April 2020 was the month I started to keep track of all sales, purchases, supplies, etc. The Excel chart is a bit of a mess, however if I learned anything from addiction and recovery, it’s that everything worth of value is a very slow process. So in launching a possible business model for selling hand-poured silver I do so being mindful that the reputation, quality, and message for the future is being created today.
So what does that mean? I don’t know, it sounded like a pretty cool introduction. But I guess I’m saying the thought of making a living selling silver sounds amazing! But is it feasible? Is trading the passion of pouring scorching hot lava into a graphite mold for pure enjoyment worth excel sheets and marketing strategies? Is it worth coming home from work, to fill orders and work? Once the fun stops, the hobby stops. The second there is outside pressure to produce, the stress begins. When your counting pennies and pinching silver shot, your second job has officially started.
Three Things my April Excel Sheet has Taught Me
Just for funnzie I created an Excel Spreadsheet to start tracking my transactions in the goal finding my profit margin. Besides not having a clue of how to create a spreadsheet for business, I was able to identify things that could help decide if selling silver could become a second source of income, or even a full-time job. Here are three things I learned in my first attempt at organizing my sales, cost of goods, and profit.
So those are three things that my BOS Excel Spreadsheet allowed me to see. As of now, I have made adjustments for May and can’t wait to see the end report!
-Keeping it Classy!