The MJSA Expo vs. The Business Plan

Just back from an exhausting but invigorating three days at the Manufacturing Jewelers & Suppliers of America trade show in NYC.  My favorite seminar was  on current/future jewelry trends and how runway styles translate into everyday fashion – exciting information which I will be sharing in an upcoming post.

My new kiln!

My new kiln!

In my Business Plan, I budgeted for the purchase of a kiln in 2010.  However, at the show one vendor made me an offer I couldn’t refuse and I am now the proud owner of a kiln.  Although I was not supposed to make this purchase until Phase 2 of my Business Plan, there was a show discount being offered, as well as a pending price increase – so I made an executive decision, bit the bullet and bought the kiln.  Having a kiln in my own studio will greatly increase the breadth and quality of product lines I may offer.

Did you notice?  I made a decision to change my Business Plan, right then and there.  My Small Business Advisor told me in no uncertain terms that a Business Plan is a living, breathing document.  Life happens.  In this case, buying the kiln now saved me at least 13.5%, over next year’s pricing.  I will need to revisit my entire plan and recalculate my budget  to accommodate the kiln purchase.  I will also need to revise my income projections upward, as the use of a kiln will increase the quantity and quality of jewelry I can produce.

I was able to purchase other tools, at a a reduced price.  These tools were included in my current year budget, so I will also be revising my Business Plan to reflect those savings.

Of course, there is no way I escaped the show without buying at least a few pretty things!  I will be posting my gorgeous new gems in a future design column.

2 Responses to The MJSA Expo vs. The Business Plan

  1. Dee March 13, 2009 at 11:15 pm #

    mmmmmmm, sounds like a fun few days of shopping! Can’t wait to see what you do with the stencil, with your background in stenciling and art, I can see beautiful things happening.

  2. Maria March 15, 2009 at 4:50 pm #

    Yes, Dee, that kiln will be a great boon and a lot of fun. I have so many design ideas in my head, just waiting to make their way into wearable jewels!