She (the director) made some good points and some suggestions that are probably unsavory to most.
She also listed some numbers that were very confusing to me. I don't know where she (the director) came up with these numbers, but it was very hard to follow!
Naturally "babynurse" logged a laundry list of potential expenses (some one-time, some recurring) as though you need to count on incurring these expenses regularly??!?!
But just now (12:55am) SUEC hopped on and said;
"I thought that MK is "an investment" then why if it is a (edited) investment is it depreciating faster than my new car I just drove off the lot? Investments are supposed to APPRECIATE, not DEPRECIATE in value!!
Good point about all the over hidden fees... Oh and babynurse's math has so much more truth and credibility!
Add, all that plus "You can't afford to not have childcare and a housekeeper" to that laundry list of "PROFIT" and there you have it... I have news for you... I work as a Housekeeper for MYSELF and I make $25/hour plus tips!! People actually call me with work, not run and avoid me!!
Now that's a "BUSINESS"... You shouldn't have to call customers to basically beg them to buy something from you!!!
They should be begging you!!
OH... PCP... It's a Joke!! I have never sold a dime using PCP!! That's why it's called "JUNK MAIL!""
I couldn't help posting this with some thoughts of my own.
1. I am not sure if you understand the concept of investing here, but you can not apply a depreciating or appreciating label to this kind of investment.
Your equation should look more like - Assets − Liabilities = Owners Equity
I fear this will be lost on most of us, but if you are curious, Wikipedia explains it like this:
At the start of a business, owners put some funding into the business to finance assets. Businesses can be considered for accounting purposes to be sums of liabilities and assets; this is the accounting equation. After liabilities have been accounted for, the positive remainder is deemed the owner's interest in the business. Thus, in accounting terms, ownership equity is the remaining interest in all assets after all liabilities are paid. If valuations placed on assets do not exceed liabilities, negative equity exists.
I suppose that you are asking, "if my "ownership equity" is supposed to be appreciating, why is it in fact depreciating?"
If that is what you are asking, I believe we would need to study your personal business model and individual practices to determine "why".
2. Babynurse was talking about something completely different...You can't say it was MORE anything. It would be like you saying, "I like chocolate", and me saying, "I hate TV" and someone saying, "what David said has MORE truth and credibility". Makes no sense!
3. More expenses that are not necessary. AND then we get to it. Apparently, cleaning houses for a living is a BETTER example of a BUSINESS than Mary Kay. Apparently, if you clean houses people will come out of the woodwork begging you to clean their house. I am curious, SUEC, how long did it take you to have enough clients paying you $25/hr to make a living doing it?
I really dislike when Mary Kay people say, "just quit your job and Mary Kay will bring the money to you". But I have a friend that cleans houses. She recently moved and sold her business in her old location and tried to start one in her new location. This plan FLOPPED. Any time you start a new business, it takes time and energy to develop clients.
I wonder, based on Pink Truth math, do your clients pay you for the time you spent finding them? Do they pay you for the time you spent on the phone, delivering flyers about your business. etc? How long does the average house take to clean? If you spend 1hr per house per week, and want the seemingly standard $1,000/wk you have to hit 40 houses every week. I am sure you do not get paid for all the driving between houses, your cleaning supplies, etc.
I am not saying that cleaning houses is any better or worse than selling Mary Kay, I AM saying that for all the complaints on Pink Truth about Mary Kay, it seems incomplete for you to say that you make $25/hr with no explanation of your expenses or the time it took for you to build your business to a point that you were able to make a living.
Judi recently asked here, "Why, if Mary Kay makes so much money, would you not quit your current job?" I think if we were to study the house cleaning business model, we would see a similar necessity to build slowly while relying on an alternate source of income.
SUEC, do you read here? If you do, I am sorry I did not ask this question on Pink Truth, but I was banned. I would love to discuss this with you here! Feel free to drop a line!