Stamp 48 Interviewed on Poppytalk
What an exciting morning: a blog post that I was interviewed for was posted to Poppytalk, a handmade design blog that I’ve long loved. Rena Tom, retail strategist extraordinaire, contacted me several weeks ago to see if I would be interested in sharing my business smarts with the readers, and I of course jumped at the chance.
Here’s a small excerpt from the interview:
Q: What are some financial challenges particular to a handmade business?
A: One of the biggest financial challenges that handmade producers face is that of scale. As a small business owner, you don’t have access to some things that the larger companies have access to: funding and credit. While it’s not impossible to obtain, it’s definitely challenging. Most handmade businesses are forced to bootstrap their operations. However, crowdfunding sites like Kickstarter can help small producers fund their work before production, which allows them to raise enough cash to produce a new line of products.
Check out the full post at the Poppytalk blog!