I woke up a few days ago and got hit with an intense desire to extend my personal line of credit so I can pay off my Amazon credit card.
It sounds like an everyday occurrence, mundane, nothing special, but the reason it’s special to me is because of the intensity and the velocity of how the idea struck. It came out of nowhere and I was like, “yes of course! Why didn’t I think of it sooner?”
The thing is, I want to invest in micro-current facial equipment for my business. A good device can range between $4,000-$8,000. In order for me to ensure my credit score remains healthy enough to buy this equipment, I have to pay down my outstanding credit card balances. But me being the impertinent sort that I am, hates to wait.
I fell asleep thinking about this and woke up the next day with a fierce desire to go to the bank.
After my shower, moments after the idea struck, I opened my laptop to read some emails and what do I find? An email from my bank telling me to make an appointment with them to discuss my financial future. They NEVER send me emails let alone one that tells me I should have a consultation with them – I’m being serious, they never do this.
I’m only bringing all this up because it really did feel celestial. And I just got done paying off my balances online, so it’s still fresh in my head.
I went to the bank, grabbed a lollipop and nonchalantly sucked my way into a loan.
“Can I extend my personal line of credit to add another $5,000? I want to pay off my Amazon credit card.” I said before popping the lollipop back in my pie hole.
“I have a better idea. You’ll be able to pay off your credit card and your personal line of credit too if you consolidate everything into a small loan.”
“I’m sold, let’s do it.”
I’m really not this much of a bone head, but it felt right. You know what I mean? My $14,000 debt is all cleared away and I’m left with a clean $15,000 personal line of credit and zero balance on all my cards. Well, technically I still have to pay back that $14,000 but I’m left with a HUGE safety net and the ability to buy my micro-current facial machine.
I’m not gonna lie, it’s a risk. As most things are. But I’ve been snooping around on esthetician forums and all I hear are good things about micro-current facials. It’s a huge investment but with great payoffs.
I just need more people to sign up to the membership first. Even with 124 members, I still need to make at least $100 a day to break even. If I sell 30 more memberships, that figure drops to less than $50 a day I need to make.
I’m not worried about hitting $50 a day, that’s easy for us. $100 a day ain’t too difficult either. But the machine, the cost of hiring an esthetician, renting the two rooms upstairs, well shit.
This is why I’m in repose, incubation. I’m in a good sturdy position financially, but it’s not enough for me to take the next leap. I’ll have to wait until those 26 new members find us. Only 26 more…
Once I have 150 members….
$650 for upstairs offices = 13 members
Esthetician for 25 hours a week = $425 X 4 = $1,700 = 34 members
Facial machine $100 a week X 4 = $400 = 8 members
When all said and done, I’ll need 55 more members in order for me to get back down to only needing to make $50 a day. And with my meal ticket ( the micro-current facials), getting people signed up will be cake. Not to mention they’ll have to pay an additional $25 every time they opt for a facial instead of a monthly massage.
The facial machine will have to wait for now. I have an alternate plan in the meantime, one that will attract new clients and let us keep the one’s we already have. And it will allow me to pay down my loan debt until I feel secure enough to invest in the micro-current equipment.
After 150 members, I’ll rent the two rooms upstairs.
Train one of my therapists to learn ashiatsu (that’s when they walk on your back).
Pay half of my loan.
After at least 20 more sign-up’s (bringing me up to 170), invest in the micro-current facial equipment and hire an esthetician.
And that’s when things will really start to tip in my favor.
My business is following invincible steps. Steps that are no different from the one’s I took to get here. Action, rest, turn the page, action, rest, turn the page. Only with business it’s; invest, collect, move forward. Invest, collect, move forward.
I’m in the collecting phase at the moment. It’s my favorite phase to be in because it’s like finding a secure safe haven during a zombie apocalypse.
I need sleep. I have a ton of shit to do tomorrow. One of which is to stand outside my business wearing a Star Wars stormtrooper costume next to a whopper of a sign that says “we support our troops.”
Yeah, I’m that cool.
To be continued……