Well, today just ain’t been pretty! I’ve been digging through my partner’s inbox trying to get up to speed on the half of the business he oversees and my head is a hurtin’ and my tummy is a turnin’ at what I’m a finding. We’ve got ourselves a toy business that barely turns a profit. In fact, once I figure in all the expenses, it’s a major loser. It has been sucking the profits out of my marketing company and that just isn’t cool, but them are the cold, hard facts I’m a facing.
The good news is that we have a ton of inventory. I’m hopeful that we can sell it all over the next few months–esp. during Christmas. The bad news is, Christmas is still 5 months away and the storage fees for our goods are NOT cheap. When I think about what this all means it makes me want to cry. But I’m not gonna cry because I trust that the universe already has what we need in store and in fact, that it is already on its way. God is good like that. Plus, we do great work, and we have created some most excellent products. We’ll have a lovely Christmas, and then I will decide whether or not to keep the toy business. I can sell it, or heck, with the way I’m feeling today, I may just simply give it away! haha
The cold, hard facts are never fun to face, but tackling them head on feels quite empowering. I’ve been so slammed consulting and selling that I left this part of the business to others. Not a wise move Mrs. CEO. So, lesson learned, and now it’s time to get this train back on track.
It will be a good challenge for me to try to come out ahead of the game because right now we are super cash poor and inventory rich. I’m not okay with that. Like it makes me super sick. Alas, I’m not going to worry about it yet. Instead, I’m off to dream about a more profitable future because the cold, hard facts are: It can only go up from here!