Should I Expand & Purchase New Equipment for my Home Business?
As I discussed, here at Home Biz Notes, investing in a home business, in particular a sewing/quilting business, I realized I’d had to carry my decision further than simply purchasing a new sewing machine…which I did at one time in my business. However, as my business progressed from dressmaking and alterations to quiltmaking and eventually to making appliqued children’s vests, I had another decision to make.
Should I expand?
I began to get orders for my products from around the country. It was becoming more than I could handle on my simple sewing machine and with my husband’s help. I began to look into other equipment for making the production of this product easier, faster and ultimately more productive.
- Should I purchase new, more expensive, equipment for a commercial operation?
- If I expanded further, I would need other people to help with the sewing and this would present a host of challenges.
- Would I make enough to pay for new equipment and pay home workers?
- Would the business begin to absorb me?
- Would I be better going in another direction rather than growing larger in business and investment?
- Would interest continue in my vests? For how long? Would I have to add new products to my line?
After investigating the various options, I decided not to expand. I continued to make some vests, along with my other quilted items until I was offered the opportunity to become a full time reporter on our local newspaper (combined with editing their travel publication) and writing for quilting magazines.
For me, I made the right choice because I’ve always preferred to write rather then sew.
Have you faced similar decisions? What you do depends on your research and your personal interests.
Related Posts:
When To Invest in New Equipment for Your Home Sewing Business
Developing a Sewing Business at Home
The “Nitty-Gritty” of Starting a Home Sewing Business
A Home Sewing Business - In Particular, A Dressmaking Business
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