Wrapping Up!

Wrapping Up!

We are now coming to the end of the quarter and while I have enjoyed the $100 project, let's just say that I won't miss baking bars. :)  I was able to sell 26 bars this week! That puts me now at a total of money made at $124! It is good that I made more than the $100 at my costs of making the bars are .37 cents each and so I needed to be over $120 to make the minimum of $100 in net profit. 

This week has also been a fun one in reading about starting a family business and also business succession planning.  I think that most business owners fail to realize how complicated it is to transition a business to a child.  The sad part is that only a small number of businesses make to the 3rd and 4th generations! If properly planned though with a business succession plan, it gives the business a much longer life span.  

What I have realized in all of this studying about businesses, is that, you must be love whatever you do or it is not worth it.  Life is to short to play it "safe." We must not be stupid, but that doesn't mean we shouldn't take calculated risks that can improve our lives and the lives around us.