Wednesday, June 23, 2021

Dollars and Sense

"If you want to know your past, look into your present conditions. If you want to know your future, look into your present actions."
Chinese Proverb

 Opening the new business has been unlike any other undertaking I have been a part of. The costs associated with this project are completely out of the realm of how I normally operate. The dollars are so much greater.

Checks are being written in the tens of thousands of dollars.
Contractors, engineers, lawyers, deposits, signage.
The money is a bit mind boggling.
After the big checks, there are many many others that are flying out the door.
A couple of bathing tubs...$5K.
Flooring...another $5k.
Permits....another $3k.
Light fixtures......$3k.
A couple of doors $2k.
These are just a few of these intermediary expenses.
Then there are dozens that are "just another thousand".
3 hose kits...a grand.
3 hair traps....another grand.
How about $700 for light bulbs!
All of this before we start bring in the inventory for the new store (don't even ask!).
It's been crazy.
Crazy , however, just the cost of starting a business.
Now that the bulk of these dollars have been spent or at least budgeted, it's time to deal with the lesser unaccounted for dollars.
During this entire process, I have been relatively responsible, making financial decisions that at the time seemed the most reasonable expense to an immediate resolution.
The dollars being spent made sense.
Now as some addons are popping up, I find myself having to make choices that are more fiscally responsible.
I am not bemoaning what was spent earlier on.
However, as the bank account dwindles and the need to get the doors open intensifies, I need to employ more common sense on how I spend my dollars and cents.
All in all, it's been amazing experience.
In just a few short weeks, we'll be ready to open.
It's getting nearer to getting excited time.
Pretty Cool!
Day 8.

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