I just placed an order for sterling silver components. How quickly $1000 can slip through your hands!
One of the many lessons I have learned in this jewelry making business of mine is that I have to stay on top of my inventory. Between the Venetian Glass Beads and the sterling silver components, the supplies that I use in Dolce Beada are pretty expensive. Whether it be the supplies or the finished product, if I don’t know what I have already I end up spending a lot of money unnecessarily. And I have had to learn this lesson the hard way. For example last week I discovered that I have 1000 2″ sterling silver headpins – that’s probably 3 years worth – just sitting here. Oops, how did that happen. When I order supplies, I try to think of my supplies as money – I wouldn’t leave $1000 just sitting under my desk right?? So I try not to over do it when I place that order. The other thing I really try to be careful about is that I am really ordering the component that I need. There is nothing worse than ordering a bead for a specific project and then discovering you ordered it in the wrong size!
I think it mainly comes down to being organized. When I have a place for everything, it is much easier to see when and what I need to reorder. The other thing that I did a few years ago was to put all of my inventory on Quickbooks. This was an extremely tedious process but it has definitely helped me to track what I have and also how much each piece of jewelry costs.
Now, perhaps I should clean up my desk – I may unearth some more treasures I have forgotten about.