Monday, February 4, 2013

Business 101

Remember this picture from Christmas:


This doesn’t even include two additional rolls of duck tape the girls got from their cousins for Christmas or the duck tape handbag kits from Grandma and Grandpa Fletcher.  So what do two girls do with all that duck tape?  Apparently they start a business. 

Abigail and two of her neighborhood friends decided they would sell duck tape merchandise with their multitude of colors and patterns.  They created (with my assistance) an excel spreadsheet to track the custom orders and they started taking orders shortly before Abigail’s birthday.  In the first week or so they’d earned $39 – split into three ways that makes $13 each.  I figure they are probably just about breaking even or maybe even making a slight profit, but more importantly they are having fun and learning a bit about doing business as well.  


Last week Abigail and one of her business partners did a little reevaluating and it was determined that which ever girl creates the item, gets the cash – thus preventing anyone from cashing in when they weren’t doing much of the production.  I was a little nervous about her proposing this to the third partner, but thankfully she thought it was a great idea as well.  Geesh, doing business with friends is tricky.

Carly has been selling things on her own also, including candy canes from the 10+ boxes of candy canes Justin purchased on clearance.

Being a little business savvy myself, I’ve put in another Amazon order for duck tape to use for my own personal benefit.  I’m not above a little bribery.

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