Grow Your Handmade Business: Benchmarks

The following is an excerpt from Kari Chapin’s new book, Grow Your Handmade Business. This fantastic guide has tons of excellent advice for starting and maintaining your business — and also features our very own Tara Gentile as well as many other much-loved entrepreneurs. Enjoy this chapter, and make sure you read to the end to find out how you can win your own copy of Kari’s book!

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Setting benchmarks is a good way to define what success looks like to you, and is an important step in the business-planning process. Success doesn’t always mean that you have accomplished everything you set out to do. It can look and feel like anything you want. Sometimes, if I just get two paragraphs written, I feel successful. Success can be fluid and changeable if that works for you. For me, if I feel good about what I’ve done during the day, with how I’ve spent my time, I feel successful. And that can go a long way.

Measuring Your Success

How do you measure your success? Since it has a lot to do with your intentions and goals, only you can decide what success looks like to you and your business. I’d like you to take your journal and look at one of your favorite intentions. (Perhaps it’s something like quitting your day job and working for yourself within the next year.) Now work on the goals underneath that intention, and then break a few of your goals down into tasks. If you complete a few of the tasks, you have come that much closer to reaching the goal, and you’re that much closer to realizing the intention, which means you’re being successful.

Another way to measure your success is to determine how you want to feel. Take some time and make a list of the feelings you want to experience from your business. Your list may look something like this:

  • Free
  • Self-reliant
  • Happy
  • Secure
  • Abundant
  • Creative
  • Exuberant
  • Accomplished

Check in with yourself from time to time. Is your business making you feel how you want to feel, which is to say, fulfilled? If so, you’re achieving your personal definition of success. Congratulations! If not, figure out why. What could you do to improve the state of your feelings?

From the Creative Collective

I focus on results. I think about the money, credibility, relief, excitement, or pride that I’m going to achieve or feel when I’m back on track. It’s not enough to think about the end goal; I need to be able to touch and taste every bit of the result. Once I do that, accomplishing things becomes easy.
Tara Gentile

I have a yearly financial goal that I work into my spreadsheets on a monthly and annual basis (related to how far away I am to that target), and I came to that number by figuring what’s realistic to hit and raising it about 20 percent. That way I have something to reach for while still believing it’s not gonna take a parallel universe or a lottery win to get me to that number.
Michelle Ward

Think Ahead

While you’re busy making that list of feelings, spend some time thinking about where you’d like your business to be in six months from now, one year from now, and then five years from now. I know. These are age-old questions, asked in many job interviews and by parents the world over, but there is a good purpose behind them. Thinking ahead will keep your planning muscles in shape. Once you take a good look at your long-term plans, you’ll see some intentions and goals take shape. Reviewing these monthly or quarterly or even yearly will help you know if you’re on track.

It’s important to measure your success because it’s necessary to know what’s working and what isn’t. If you have been pursuing a line, a project, or a service but you’re just not getting the results you want, it’s definitely time to reevaluate.

What Does Success Look Like?

Say one of your ultimate intentions is to become a gazillionaire. You want to be filthy, stinking rich. So you have an intention that looks like this:

I want to be a GAZILLIONAIRE!

Just because that gazillion dollars isn’t in your pocket right now, or likely won’t be even a year from now, doesn’t mean you aren’t successful. But ponder this: The more reasonable and easily attainable the financial goals you set for yourself are, the more successful you’ll be. For example, if your intention is to increase your profit by 15 percent over the next three months rather than, say, doubling it, chances are you’ll feel better about the direction your business is heading, and the boost you get when your intention is manifested will be huge.

From the Creative Collective

My plans for my business are almost completely driven by objectives. I believe in setting really spacious goals that allow for victory in “failure” and flexibility in “destination.” I create objectives around income, influence, experience, and personal freedom. I come up with goals by just concentrating on what I really want. Generating goals based on personal desire but grounded in community value will help you find the motivation you need to execute them.
Tara Gentile

Exercise

Think about what success means to you. Really, really think about it. In your journal, write up a personal definition that you can return to again and again if you need or want to.

Likewise, think about what failure looks like to you. What would have to happen for you to feel like your business was failing? Write that down, too. If you ever feel like things are way off track, look back on your personal definition of failure. Compare it to what you’re going through. Chances are, according to your very own definition, your business is not failing.

Calculating Success One Step at a Time

Consider some areas of your business that can offer easily calculable success. As always, when trying out something new, you can make things easier on yourself by starting small. Setting small benchmarks, little check-in points, can assist you when you’re deciding if you’re on track or not.

Remember how I mentioned starting at the end, figuring where you want to be, and then working your way backward to the beginning? Let’s put that exercise into practice by imagining where you want to end up and then work backward to get there. We’ll use social media as an example. Let’s say you want to improve your social media connections, which ties into your marketing and sales. Specifically, you want to increase your followers on Twitter by a thousand people. So imagine that you’re already there, and then work backward toward where you actually are right now. By retracing your steps, so to speak, you’ll discover what you need to do to get to where you want to go.

Specific Steps

Here are some specific steps you can take, using social media as an example:

Intention
By the end of the year, I will increase my Twitter audience by 1,000 people.

Goals

  • Connect further with like-minded businesspeople by responding to their tweets more.
  • Post useful and relevant content.
  • Post links to my best blog posts.
  • Add a tweet button to my website so that others can tweet links from my site with ease.

Tasks

  • Ask a pal how they installed the tweet button on their website.
  • Follow the links others tweet, and retweet the best ones, as time permits.
  • When I’m reading new blogs, look for people’s Twitter links.
  • Connect more with people who follow me.
  • Respond to strangers when they communicate with me.

How Success Will Be Measured
Record my current number of followers, and increase the number by 25 percent every three months. I’ll notate my calendar as a reminder.

See? You set an intention and some goals, and then listed some doable tasks. Since you notated your calendar to check in with your intention in three months’ time, you can decide then if your tasks are really helping you reach your goals. After three months, you could decide that your intention was too ambitious for the amount of time you spend reaching out through social media. Or you may have already added those thousand Twitter followers. If so, you know that your intention has been met and so you are ready to set a new one.

From the Creative Collective

I’m usually focused on growth. How can I reach X number of subscribers to my blog, how can I hit X number of sales, and so on. I look at what’s possible, based on past statistics, then try to push myself to go a bit further.
Nicole Balch

I set fresh intentions, raise my financial threshold, and revisit my service structures whenever I’ve hit a leaden blockade, either energetically or revenue-wise. During my first year as a full-time entrepreneur, I had to stop and recalibrate several times. Trial and error is a fussy, messy business. But that’s the nature of creating something out of nothing. Intelligent experimentation. These days things are ticking along much more elegantly. I’m no longer in perpetual “launch mode.” I feel grounded and graceful in my business. I suspect I’ll spruce up my master plan in six months or so. Or whenever I get hit with a bolt of brilliance that changes everything, all over again.
Alexandra Franzen

Periodic Checkups

Periodically checking in on your progress is essential to your success. At regular intervals, look over your business plan, see what areas you’d like to monitor closely, and decide how you’d like to assess your progress.

Oftentimes people make things hard on themselves by reviewing things just once or twice a year or when things are going poorly. But if you set aside time to review your business plan every couple of months, you may well avoid some heartache and some pitfalls because you’ll be able to notice details and kinks before they become problems. Conversely, you’ll pick up on things that are working well that you may not have noticed, and maybe your next big idea will come from tracking your stats.

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Win a copy of this book!

One randomly chosen reader will receive a free copy of Grow Your Handmade Business by Kari Chapin. Leave a comment below and you’ll be entered! Winner will be announced on Friday, December 7, 2012 by 5:00 pm EST.

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Author Description

Carrie is Scoutie Girl's advertising manager & assistant editor. She owns a writing coaching, graphic design, & ebook editing biz and also runs a blog for creative gluten free chefs called The Gluten Free Hack. Follow her on Twitter.

42 Responses to “Grow Your Handmade Business: Benchmarks”

  1. November 29, 2012

    janice Reply

    would love to read this – thanks for the chance to win a copy!

  2. November 29, 2012

    Tracey Whitney Reply

    Just got this book from the library and I have loved it so far! I would love my own copy, so I can make notes to my heart’s content!

  3. November 29, 2012

    Bran Reply

    I really love the “Think backwards” approach to making a map. I’m interested in seeing what the rest of the book has to offer.

  4. November 29, 2012

    Zélia Reply

    Hello! The book promises to be very interesting and useful, I would love to receive this copy … would be a huge asset for my online business for the year 2013

  5. November 29, 2012

    Jan Long-Connelly Reply

    Prepping to ‘finally’ open my creative shop- would love to read her thoughts!

  6. November 29, 2012

    Terri Reply

    Looks like a good book!!

  7. November 29, 2012

    Sherry Reply

    I’m so “stuck” lately and guidance is what I’m needing…would love to win a copy of Kari’s book! Thank you for the opportunity.

  8. November 29, 2012

    Lori Ferguson Reply

    I think this book would be very helpful to me in strategizing about my business. Would love to win a copy!! :-)

  9. Two things that I loved: tangible tasks to help you reach your bite sized goal, and then to periodically check in on that goal. Sometimes I forget to do that part. This sounds like a great book! I’d love to win it, and thank you for offering the giveaway :)

    Amanda

  10. November 29, 2012

    Kimberly Reply

    I would be so thrilled to win a copy of this book. It would be a huge help to me right now as I’m starting to build my hand-made business and I would love to have it support me full time!

  11. November 29, 2012

    Gwen Delmore Reply

    This chapter was great! I would love to read the whole book, thanks for the opportunity to win a copy!

  12. November 29, 2012

    Manon Reply

    I love what I read! Clear and actionable. This a great way to achieve goals! I would love to win your book!

  13. November 29, 2012

    Laura Reply

    I’m at that fork in the road and this book would really help in pushing me down the creative path!

  14. November 29, 2012

    jelly Reply

    Wow! The struggle of “what success looks like” has been an excessively long battle; mainly because I’m the black sheep of a traditional & conservative family. The concept of success being fluid & situational totally alters my personal definition of success & inspires me to create more successes. Thanks for the perspective!

  15. November 29, 2012

    Holly Reply

    Sounds like an exellent book. I have The Handmade Marketplace and love it.

  16. November 29, 2012

    Nicole Reply

    Great read for us handmade folks…so much to learn, love how everything is broken down into specific steps to build a solid foundation & grow! Just what I need!

  17. November 29, 2012

    vernette Reply

    I want to win it! Thanks for the chance to to do so! I think it will be a great read for those of us wanting to grow our handmade businesses!

  18. November 29, 2012

    vanessa Reply

    I’ve actually checked out this book from my local library. I LOVED it. I wish I could check it out again, but it’s very popular. I’ve been wanting to start my own ETSY business and this is the best resource I have gotten my hands on. I wish I had a copy of my own.

  19. November 29, 2012

    iHanna Reply

    Thanks for sharing this excerpt, how generous to share it like this. The book looks like something I could really really need and use, thanks. :-)

  20. November 29, 2012

    Shai Smith Reply

    I LOVE this book! I would love a copy to send to a dear friend in Olympia, who is gunning this handmade business thing as a single mom with three kids under 10. ♥ She would be thrilled!

  21. November 29, 2012

    Rebecca Reply

    I would love to own this book, thank you for the generous offer!

  22. November 29, 2012

    Dina Reply

    I really like this practical, action-oriented approach. It helps give structure to what can be an amorphous process.

  23. November 29, 2012

    Racheli Reply

    I would love to give this book to my mom who JUST opened a new business of handmade items!

  24. November 29, 2012

    Katia Reply

    I would love to have this book in my library! Sounds like it will be perfect for my growing business. Thank you for the chance!

  25. November 29, 2012

    laura morris Reply

    would love to read this book in its entirety. thanks for the opportunity to win it!!!

  26. November 29, 2012

    Darby Reply

    I would love to win this book. I am preparing to open my own etsy store.

  27. November 29, 2012

    katie Reply

    Thanks for the great excerpt and exciting giveaway opportunity!

  28. November 29, 2012

    Janelle Reply

    Thanks for sharing the excerpt from the book! Great info…

  29. November 29, 2012

    Debe DeAngelo Reply

    I’ve been trying to gather up the courage to start my own business / Etsy shop. A free copy of this book would really help!! Thanks for offering it….
    :o)

  30. November 29, 2012

    Diana Reply

    I love learning from the other comments that this may be available at my library! I will have to see if they have it. {it would be awesome to win my own, of course}
    Thanks for sharing a chapter.

  31. November 29, 2012

    Melissa Reply

    Love the positive pragamatism of the book excerpts. Thanks for posting such great advice and giving us the chance to win a copy.

  32. November 29, 2012

    Lynda Walters Reply

    I love how Kari uses examples that are easy to understand and that I can relate to them. I’d love to read further and win a copy – thanks for the opportunity.

  33. November 29, 2012

    Amanda S. Reply

    Ooooh…I’ve been wanting to get my hands on this!

  34. November 29, 2012

    Marcia Reply

    This looks like a great book, I would love to have it!

  35. November 29, 2012

    Rebecca Reply

    always hopeful that someone has actionable ideas for the unusual handmade/art business that is mine. could this be the magic bullet? or even a teeny bit helpful? i’ll check it out at my lovely library and see. i <3 books — especially the well-written, chock-full-of-ideas sort.

  36. November 30, 2012

    Kelly Paquet Reply

    I really need a book like this to help me with my creative business, which is small artworks and photography. I saw this book at Barnes and Noble and put it on my wishlist! Thank you for an opportunity to perhaps win it! :)

  37. November 30, 2012

    made in the haight Reply

    Great stuff! Thanks for a chance to win a copy.

  38. December 1, 2012

    Mary Themom Reply

    I’m thinking of taking my professional sewing business online, but I’m stuck on advertising. Hope I win your book!

  39. December 2, 2012

    kathy Reply

    A friend told me about this. It sounds like a great book and something I could really benefit from. Thanks!

  40. December 5, 2012

    Aimee Reply

    That was so inspiring! Would love to read more of it. This might be just the information I have been looking for to take my business to the next level. I would love to win the book, but thanks so far. This was already very helpfull!

  41. December 6, 2012

    swtko Reply

    Thank you! I’ve read previous book and it was full of useful info, I’m sure this one is great as well.

  42. December 8, 2012

    Amanda Green Reply

    How fantastic, this may be just the book I’ve been looking for. Thank you for the opportunity. Christmas Wishes.

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