No silver jewelry!
In the current economy, most small businesses are tightening the belt. My business is no different. Fortunately this is a one woman shop. So I have not had to lay off anyone. I did have to change the plans. I was planning to add pieces of jewelry in silver to my jewelry items. However, in last year the cost of silver has gone through the roof and I cannot afford to buy all that I need. I first considered buying the silver spacers and beads on my personal credit card but then changed my mind. This is new market for me and I have not even worked out how much would silver pieces sell for. Would anyone want to buy silver stuff in this economy as these would be at least 3-4 times more expensive than regular items? On top of everything, I just do not want to debt at this time. Therefore I am going to continue doing what I am doing and make inexpensive pieces of jewelry that all my customers can afford anytime.
Are you planning to expand your business at this time?