How is your Business Structured? Credit or Cash????

In conversation with our Customers we are asked very often What sort of Business structure we are...... Well, today we are going to talk a little about that. Basically we are two separate business's owned by one, operated by both of us.

From a financial side, we operate from a "cash only" perspective. Meaning everything these operations do is paid for with cash..... Not credit cards.... we never use the plastic unless we have the cash in bank to pay for that purchase right away. We have no loans, and no other debt to service other than monthly bills.

The idea behind this was simply to never allow banks, or the market/economy to suddenly take the floor out from under us.....This also means we are never forced to have "Sales" to meet debt payments... if we have few or no sales. we simply rely on personal funds to continue our growth and pay the normal monthly expenses.

All in all this has worked very well for us...... I am not suggesting it would work for everyone.......I sleep very well at night knowing unlike the Pourette bankruptcy or many other candle supply companies we won’t suddenly disappear or be forced to "sell' over money issues.

I am interested to hear from you...... how are your structured, and operate? What works best for you?

On another note...... Steve Announced yesterday that there is a planned increase on the prices of USED Silicone Molds. Our Business Coaches said we could no longer be doing such steep discounts when the replacement costs are so much higher. I am a candle maker, I do as I am told ;) They are the ones that have guided us to where we are now.. and I will continue to follow their directions.

If you are interested in the Package Deals on used silicone molds feel free to contact Steve about details.... and Watch for even more NEW silicone Molds to appear this week! www.candlemoldvault.com

Have a GREAT day and..........

Happy Candlemaking!