Thursday, September 22, 2011

I am SO not made for business!

The investment for inventory and setting the place up will be about 10 000$ plus the approx 1000$ recurring monthly costs for rent, electricity and insurance... We don't actually have that amount ahead of time so we've had to take out a loan. Half the amount is on interest-free for 18 months or 24 equal payments interest-free which is good and Islamic (as long as it's paid back within that time)- phew. But the other half is not which bums me out a bit.

My husband will continue to work though and his salary will have to cover the monthly costs plus reimbursement of the loans... Hopefully there will be income from the store but if it's a total flop, I guess I can be comforted knowing that we should be able to pay that money back anyway. With major budget tightening and over a period of time. It's stressful to imagine that much money going to waste especially when it's not my dream. My immediate dream was to go back to university to become a teacher with a long term dream of being a homeowner with a stable life. My husband has the same long term dream as me though but a big part of that for him is running a succesful business. I just hate risk! I don't want to hoard money but I don't want it to go to waste either.

My salary (which will be money from mat leave for the next year) will need to cover the home living costs which I think I will be able to manage. I'm still feeling nervous about that and about having to work at the store with the baby while I'm on leave... I'll be working part-time kind of hours, but with my husband working ALL THE TIME, I will also have more work at home with the baby and Nora. And we all know that being a mom is already a full time job!

Anyway, please keep us in your duas/thoughts if you can!

3 Comentários:

Susanne said...

How exciting!! I hope your hard work and investment pays off in the long run! :)

Candice said...

Thank you! I'm worried it will be a huge loss, but I guess at this point I can only go in and do what I can!

Becky said...

Best of luck hun! Sounds like a mouthful, I hope it'll work out for you.

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