Yay I got a promotion! As you might remember, I was feeling underwhelmed at my job – it wasn’t challenging enough. I didn’t want to quit teaching, but I have good ideas and I didn’t want to confine them to the classroom.
And then I was offered a position as head teacher/ assistant academic director for the summer center! It was like I created the exact job I wanted. I still get to teach, but I also get to mentor new teachers, and help make the school run more efficiently. Talk about visualizing what you want and then actually getting it.
Sorry for not posting more frequently, I’ve been very busy at my part time job teaching ESL this week. But I did want to share a big decision I’ve made this week.
Since I came up with the BeddyBye idea I’ve read a lot about entrepreneurship. All the advice suggests that you ask yourself how involved do you want to be. Do you see yourself running the day to day operations of the business, or would you rather develop the concept and then sell it?
For a long time I was certain that I would want to run the day to day operations – work with manufacturers, run the website, organize the shipping and inventory, and improve marketing. However, when I think about how much is involved with manufacturing it is overwhelming. There is a reason why so few people enter the manufacturing business, or sell their ideas to an established business- the start up costs are so high for an individual entrepreneur. I realized that I don’t want that to be my full time job.
I have decided to take a month long break from BeddyBye and then I will focus on selling the idea. I think the best option is to get a provisional patent and then sell the idea with the website domain and the LLC. I want to see my dream realized, but when I’m honest with myself, I recognize that I don’t have the energy, drive, or money to handle the manufacturing hurdle. In other words, I would like someone with the experience and resources to take over.
But don’t feel bad for me. I don’t look at this as a failure or as settling. When I set out on the HeSo project my goal was to take my dreams and ambitions more seriously. My goal was not to focus all my attention on one idea. So if I am able to downsize the BeddyBye project, teach ESL (which I love), and work on my exciting next project (which I will write about in the next month or so) I will be true to my HeSo.
First off, I want to thank everyone for the supportive comments, emails, texts and calls. I was really starting to doubt if I could make my dream business a reality, and your encouragement really helped me to stay motivated. Since I know how amazing it felt to get words of encouragement from complete strangers, I went ahead and sent a stranger words of encouragement. Someone who I funded on Kickstarter has been having a hard time with her project so I sent her an email telling her not to give up. She said it made her night! It doesn’t take much time to lift someone up and it makes such a big difference.
That said three unrelated people have told me I should use kickstarter to fund my project. If you’re unfamiliar with Kickstarter, it’s a website where you can find out about new, interesting projects and help fund them. You get great prizes for every level of funding. For instance I helped pay for an urban garden in Queens. For $100 I get to take a tour of the garden, a lesson in apartment gardening, and know that I personally helped make Queens more environmentally friendly! When my friend’s movie got into the Berlin film festival Kickstarter helped her raise the $15,000 she needed for plane tickets, promotional material, and last minute editing improvements. I’ve helped fund the publishing of a graphic novel, and someone’s knitting enterprise. It feels awesome to be able to help people achieve their dreams and also feel like a part of these exciting, diverse endeavors. So I definitely need to keep this in mind once I have an exact amount I need to raise.
And my last bit of news is that I got a part time job teaching ESL! I used to be an ESL teacher before my last job, and I always loved it. You get to learn about so many cultures without even leaving your city. I figured taking on a part time job would help me feel more financially stable, so I won’t be as scared of taking big risks with BeddyBye. Also, just getting out of the apartment and being productive makes me feel more motived and competent!