[Jewelry making - Article 00099] - Re: [Orchid] Starting a Production Line

[Bill Bedford]

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    As I see it you have reached the point where you are working at your
    full capacity but are not happy with the return you are getting.
    There are a number of things that you could do :- 

    You could work more skilfully and so reduce the time it takes you to
    make each piece You could increase your prices. You could employ
    assistants to increase your capacity, but you would have to be
    careful that the costs involved don't out-weigh the expected
    increase in income. 

    By all means look at expanding into new areas, but remember that the
    investment you need to do this has to come out of your present
    profits. So for instance if you wanted to learn a new technique you
    would need enough money in the bank to tide you over while you were
    learning and not producing. 

    The bottom line is that you need to make your present business as
    profitable as you can before you think of going off into a new very
    risky direction. 

Bill Bedford

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