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Family Business and the entrepreneurial spirit

ChrisM

Member
In our search for Biblical patriarchy, we have come to realize that there are not nearly enough hours in the day to do all a man has to do. For that matter, I cannot as a man comprehend all that my wife (mother to 5) accomplishes in the course of a day. We have always wished to be able to work together as a family, whether as a supplemental income or eventually even our primary source of income.

Years ago, I did carpentry work for myself, actually I was in partnership with a Christian brother and we worked together, both desiring to pay the bills and have enough to give, yet to consider time at home and in ministry as more important than work for money. Now, this brother is no longer in our area, the economy sucks, and my back troubles keep me from doing much of this type of work. Thus, I find myself working at the local hospital with a decent wage and good benefits. My income from the hospital is enough to survive, and by that I mean pay the rent, buy food and keep the house at 60 degrees with nothing left over. While we are content with whatever we have, and we are truly blessed, I desire to do more and make more so I can have some to give and not have daily stress about finances.

I would also like to work more with my 16 year old son, who will be finishing high school this year. He is physically capable, yet lacking skills in many things. As I have prayed about this more and more these past months, I felt compelled to buy a scroll saw as my father makes a supplemental income working in his home shop in this way, making wooden puzzles, ornaments, and toys which he sells at craft fairs and such. It is our desire to hone my own skills in woodworking along with teaching these to my son, to make such things as my dad does and sell them locally and possibly online. We would target the home school and Montessori approach as these use many wooden toys and such for learning. This market tends to be willing to pay for quality work and is a growing market.

Sara and the girls often bake bread and such, sending things for the OR staff at my work. We make bread at home both because it is better for us, but also because it is cheaper to do so. Doing this as a small sideline is an option, but none of our ideas in and of themselves are enough to make a living.

I also have multiple ministry and family type blogs, which make us about $500 yearly from Amazon ads and such. We have considered whether we should spend more time on blogging to make more money, spend more time on baked goods, wood work, or even a little bit of all of these. I have seen in the past far too many people try small home businesses and in so doing end up using all their time in work and make little hourly for all they invest.

Does anyone have any insight from their own ventures, both in regard to working at home for the purpose of training our children and being home together? Any insights from those blogging or using other internet based opportunities, and how we can work smarter on this front? Thanks in advance for any input you all have.
 
I have put up a preliminary website, Sara doing reviews for games and toys that we own or have made. My dad agreed to let us sell his wooden games, puzzles, and other scroll saw art on the site. Here is the link to the very rough draft of the site, which will be added to regularly. http://mainewoodencrafts.weebly.com/
 
Mark,

I have little advice to give you, however I do pray that the Lord will show you a clear path.

Happy New Year to all the Cowperthwaites. You are a blessing and a shining light and I really appreciate knowing all of you.
 
Good luck with the new business!

B
 
Hi ChrisM.

I have several family businesses. They are real businesses with bricks and mortar premises, employees, customers, and so on.

My entire family work in them, on a casual basis, as business needs and their personal lives permit (the children's study commitments really increase once they hit around age 15).

I have had several business ventures that have gone nowhere, a number that are ok on a small level, and a few that have gone really well.

So my suggestion would be, have as many irons in the fire as you can carefully manage, and when you start to see progress in one of them, allocate more resources to that one, taking away resources from the unsuccessful ventures. In other words, be flexible, and allocate your efforts where you see most rewards. The business that does the best, may not be the one that you think is the best idea, or the service that you are suited to doing. The best business is the one that customers pay the most for.

ylop
 
Hey ChrisM,

I must agree with ylop. I also have had several small businesses that I only gradually ran until one would begin to profit and then I would move my resources to accommodate that business.

My one suggestion would be to teach those simple skills of wood-working and bread-making or any similar skill you may have like that. Many of those skills are not being taught and are perishing because people are training for the job that gets them the quickest dollar instead of life-skills. You could charge a nominal fee similar to music or karate lessons. And you can schedule it for the days you are off.

You won't get rich doing it but for me it has kept me from having to stretch my paycheck out until the next one. Most of the time people will pay cash and that also comes in handy.

I started doing this a few years ago. I teach wilderness survival and homesteading. I do it on the weekends that I have off and I charge about $100 per day per person. My website does most of the work of registering people for classes and sending out emails and reminders and just for the general advertising. Right now with the economy the way it is people are "starving" for these kind of skills so why not teach it. While most people come to my classes to learn how to build a fire by rubbing two sticks together, I also get the ladies that want to learn pottery or basket weaving. So it isn't to far fetched to think people would wan to learn to use a skills saw or chain saw or learn to knead bread. If you want to check out our website go to http://www.louisianabushcraft.com and if you have any questions send me a PM. I would love to help where I can.

Take care, JP
 
Hi Mark,
My wife and I were looking for a way that we could afford to homeschool our boys, so we purchased some bulk vend candy machines (the kind you get candy by the handful for a quarter). Our modest investment hasn't been overly successful, but neither has it been a flop. We make enough off of them to pay for our curriculum and have enough left over to bail us out when we have an unexpected expense like auto repairs. Best of all, it requires very little time and maintenance.
Our next venture is screen printing. This business allows us to design and print garments, plaques, posters, ect. I plan to have a line of products that I sell online and only do special orders when I feel I have the time. Otherwise, I can just produce what I need to fill my orders ahead of time at my convenience. Eventually, I hope to be able to work at it full time and leave my job. If you have the time, craft fairs or farmers markets are a good start. My schedule doesn't permit me to do craft fairs at the moment, but I've seen folks make great money at these events. Country styled plaques or kitchen cloths (think: live, laugh, love or anything cute about grandkids) are sure sellers.
You can start with a simple YuDu kit from Hobby Lobby and make professional quality items. If you like the idea of craft fairs, swap meets and farmers markets, but don't want to manufacture anything, there are wholesalers and dropshippers like Smart Living Company (formerly SMC) who you can buy your goods from.
Most hospital or mall gift shops carry items from such companies and tend to be good sellers. These companies have the added advantage of dropshipping if you choose to sell online. These types of items can have lackluster sales online but tend to truly excell in open air markets where a customer is looking for whatever strikes their fancy at the moment. One thing I do not like is the fact that most of their stock is imported rather than domestically sourced, but this is a matter of personal conscience.
May you be truly blessed in whatever you and your family chooses.
-WILL
 
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