Lendified Small Business Spotlight: Bibelot & Token
Bianca: Being a small business owner is a lot like being a trapeze artist. There are swings of highs, lows, and then lots of uncertain swaying about. Starting from scratch, and without much experience, other than anecdotal, this has all been an exercise close to a ‘baptism by fire’ - in the end, the biggest challenges are keeping your finances in check, getting yourself out there, getting some recognition and maintaining good relationships with your already loyal customers.
Being a small business owner is a lot like being a trapeze artist. There are swings of highs, lows, and then lots of uncertain swaying about.
Lendified: Tell us about how Bibelot & Token got started. If you could go back in time, what is something you wish you had known back then?
Bianca: My husband, my daughter, my mum, my close friends. They’ve been a fantastic support system - a great, little cheerleading section.
Owning a business is a learning experience - and more often than not, you end up learning more about yourself than anything else.
Bianca: Just go for it! Give it a shot. Understand that there are risks involved... that money, time, (and patience!) may be lost. Figure out how much you’d be comfortable spending, and possibly never see come back to you and how much time you’re willing to give on making your dream a reality. It may sound trite, but as these things usually go, there’s truth to be found in there.
Lendified: Looking at the bigger picture, where do you see your business in 5 years?
Bianca: In five years? As much as I love working from home, I’d rather not still be at my kitchen counter in five years. It would be great to have a small warehouse space to work out of, and keep my inventory in one place. Working out of your home is fantastic in a lot of ways, and in some… well, let’s just say it can get crowded in here. Should things go gangbusters, perhaps I’d go so far as to say a "bricks and mortar" retail space could be on the list too? That’d be a fun, little dream. Oh, and turning a healthy profit wouldn’t be bad either!
Lendified: How has Lendified supported your small business? Can you share with us how you utilized your small business loan?
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About the Author
Lendified is Canada's premier online lender for small businesses. The company was founded by former bank executives dedicated to provide businesses with fast, easy, and affordable financing. The Lendified team regularly produces blogs and guides to help small business owners succeed.