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  • Am I doing the right thing?

    18 posts, 9 voices, 649 views, started Oct 7, 2008

    Posted on Tuesday, October 7, 2008 by Spagirl

    •  



    • Amethyst
      Offline

      I want to fill you in on a few details first, then please give me your opinion.  Ok, about two years ago I felt this strong urge to follow my heart.  I was tired of everyday office work.  I was extremely unhappy, but it was paying the bills.  Then, something urged me to go back to school.  I love skincare, so I went to school to be an Esthetician and Electrologist (Permanent Hair Removal). I finished both schools in March, 2008 and haven’t been able to find a job anywhere.  I had several interviews, but nothing ever happened.  I couldn’t even get a job at a Spa that I knew was desperate for help.  My husband was getting very upset with me, because I wasn’t working and we were falling behind on some bills.  I almost gave into depression, because I felt so helpless.  I spent a lot of time in prayer and devotion during the last 6 months, then finally about two weeks ago the owner of this spa called me (the one desperate for help).  She not only wanted me to work for her, but she decided she was tired of the crazy life of owning her own business and went back to a 7-3 M-F job.  To my surprise, she asked me if I’d be interested in taking her business over for her.  She had let it go for several months, so I would need to rebuild the business, but the place has great potential.  The building is 7000 sq. ft, and is a sanctuary inside.  When you look at the outside of the building, you’d never believe what’s on the inside.  She spent probably around $200,000+ on this place, but it’s not in the greatest location. It’s not a bad location, but it’s definatly not a prime location. She’ll never get her money back, so she doesn’t want to totally let it go, because she put her heart and soul into this place. She didn’t know why we connected so well, and why she trusted me so much from our very first phone conversation, because we had never met.  She is willing to work with me on the cost of the lease per month, and will give me a six months evaluation...to see if it’s working for me and give me an out if I’m sinking.  I felt a pull towards this spa and an instant love for the place the moment I walked into it.  I’m a little nervous though, because it’s so much bigger then I am.  Can I do this? This is my dream, but with the economy, will I be able to make this place my own, will it be profitable?  I seriously don’t care if I get rich or not, but to own my own business and reach for this dream. Is it two much to ask?  I believe God blessed me with this opportunity and if it came from Him...I should go for it, right? I believe God wants us to step out of the box and take chances.  Please pray for me to make the right decision.  I know what I want to do, but is this truly Gods will?



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        • 0 votes vote up vote up

          Cynthia Schmidt wrote Oct 7, 2008
        • I would be very careful before getting into a business that is being sold because it’s not doing well. When the owner told you that she connected with you so well she may be seeing you as someone who can save her from her own bad investment. I don’t want to sound harsh but I do think that in a very shaky economy you ought to leave no stone unturned when considering buying a business or making any commitments.

          Have a professional in accounting go over her finances and business books with a fine tooth comb. Allow her willingness for transparency to be a guide for how well you can trust this transaction.

          I breathe deep and exhale on a prayer for God’s guidance for you.
          Cynthia



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        • 0 votes vote up vote up

          Almostfive0 wrote Oct 7, 2008
        • I agree Cynthia about having a business accountant go over everything. If she is really “feeling” you then she will want to be transparent as Cynthia says.
          spagirl this sounds like an amazing opportunity for you if it’s legitimate. The bottom line is to get quiet and ask for the right way for you to proceed. then follow your heart and your gut.
          Good luck
          peace and blessings.



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        • 0 votes vote up vote up

          Cindylouwho1966 wrote Oct 7, 2008
        • Does it sound too good to be true? Then it probably is.  

          I empathize with you. I left my job last year to get my candle biz going FT, and it has not quite panned out, it’s more like a hobby than a business. I am soooo glad I did not get a storefront with this economy.

          Cynthia and Carol both advise you well.



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        • 0 votes vote up vote up

          Ms-kay wrote Oct 7, 2008
        • While there are no guarantees in business and the risks must always be managed, buying an established business clearly offers significant advantages worth considering if you want to own your own business.  

          In order to buy the right business you need to investigate its historical performance, operations, current status, staff and management, competition, industry and its future potential.

          Good Luck!



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        • 0 votes vote up vote up

          Spagirl wrote Oct 7, 2008
        • Thank you all for your advise.  The owner of the spa owns the building and everything in it.  She always invested her profits back into the building and bought all the equipment with the profits.  She owns it all free and clear now.  I will  be sure to check everything out to make sure she’s being honest.  I think I will have an accountant check it over very carefully and if she’s hiding anything, I will find out before I invest my time and money into this spa.  I also agree that it almost sounds to good to be true.  My husband was burned badly by his boss about 15 years ago when he a bought a franchise from him.  Little did he know that his boss penciled in numbers to make the business look better then what it was.  The boss got out and left his partner with over $100,000 debt and he owed money to all the vendors, so no one would sell products to his partner.  It was a mess.   To this day, we are still paying for that mistake.  You know, when my husband purchased that business, I felt a tug, like the Lord was saying don’t do it, but I stood by my husband anyway and allowed him to use part of my inheritance  to purchase the business.  We lost a lot, that’s why I want to be very careful this time. We were young and naive.  I still feel that way sometimes when I want something really bad, but I have learned from my mistakes.  Thanks again for your advise and prayers!



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        • 0 votes vote up vote up

          Dee Dee Shaw wrote Oct 7, 2008
        • Spagirl,
          Have you asked your husband how he feels? What if he has a little tug?
          I think you have received sound advice from the other ladies. I’ll just add a few thoughts...
          Maybe she would just pay you to run the spa and then after a preset time (contractually - in writing) you could work out something to take it over, purchase, share profits, whatever.
          Have you considered looking into a skincare line that you could work with as a home based business? My company has a paraben-free water based skin care system that I absolutely love that works well for home party/spas. There are several other companies out there that do similar home spas. This would give you an opportunity to earn some money, do what you love, and not have a huge upfront investment. You could also find a ‘day’ job, or a part-time job to help with bills while you establish your business.  

          Sharing Hope,
          Dee Dee



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        • 0 votes vote up vote up

          Spagirl wrote Oct 8, 2008
        • Thanks Happymomma for your advise.  My husband is actually the one telling me to go for it.  The owner basically wants to step out of the picture and have me take over, no money down.  It does almost sound to good to be true and I’m going to have my accountant take a look at her books.  I have a part-time job to help with extra money to pay my school loans and help with Christmas (which is coming up very soon).  I am also a part owner in a Personal Concierge Business. We would like to work these two businesses together.  There are so many options.  This building is 7000 square feet.  I could rent out a room to a bridal dress tailor and rent out the tea room for birthday parties, showers, girls-night-out parties. I don’t know. I’m one of those people who love to take chances and I love a good challenge, but I also want to make sure it’s His will and not mine.  I’m taking the advise of jackie65.  I’m going to fast and pray for a couple of days and see where God leads me.  I appreciate all the great advise and I’m so glad I found you all.



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        • 0 votes vote up vote up

          Spagirl wrote Oct 8, 2008
        • By the way Happymomma, what product do you sell?  My best friend went to a home spa party and bought a wonderful product.  I can’t remember the name of it, but I tried it and it left my skin silky smooth.  I have extremely dehydrated skin, rosacea and I’m extremely sensitive,that’s one reason I went into Esthetic’s.  So you can imagine how frightened everyone was to work on me, but they also learned alot about what to do and what not to do on someone with my skin type.  Right now the spa uses Bioelements.  I think that line is ok, but I really like Glotherapeutics skin care line and Gloprofessional makeup.



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        • 0 votes vote up vote up

          Dee Dee Shaw wrote Oct 8, 2008
        • I will pray with you that God give you clarity!  

          As an esthetician, I’d love it if you would give me your opinion www.hydratedskin.com Having not been ‘into’ skincare before, I don’t know how it compares to other good skincare products out there price and ingredient wise.  

          Thanks,

          Dee Dee



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        • 0 votes vote up vote up

          Spagirl wrote Oct 8, 2008
        • It looks like a pretty good line. Go to glotherapeutics.com and compare some of the ingredients.  The price on this line is in the medium price range.  How are you doing with your party business?



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        • 0 votes vote up vote up

          Almostfive0 wrote Oct 8, 2008
        • wow,...spagirl maybe you could specialize in helping women with sensitive skin problems like rosecea.



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        • 0 votes vote up vote up

          Spagirl wrote Oct 8, 2008
        • That’s where I’d like to focus my attention.  Middle-aged women with sensitive skin.  You know, I had great skin until I had my 3rd child, that’s when all my skin problems started developing.  He has sensitive skin as well, I always thought that was odd.  By the way, you look great for being almost 5-0! You look at least 10 years younger. You look like you really take care of yourself.



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        • 0 votes vote up vote up

          Almostfive0 wrote Oct 8, 2008
        • Thank you spagirl...
          I do believe in taking care of yourself even when you can’t afford a spa treatment(which is the norm for me these days)you should do what you can.
          I have to admit though I have to thank mom and dad for much of that...LOL.
          You know I didn’t start to have problems with my skin until after I had my son and daughter either. And now with fluctuating hormones my skin is like a roller coaster ride.
          Glad to hear you‘re focusing on middle aged women.



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        • 0 votes vote up vote up

          Almostfive0 wrote Oct 8, 2008
        • WOW!! You ladies are good for the ego I tell you!
          Thank you so much.



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