Assignment 3A- My First Business Adventure

    After I served my time in the military, I decided to pursue my dreams of becoming a cosmetologist. I attended necessary training to prepare me for the state board to obtain my license. Once I complete the training and state board exam, I received my license. I had this great idea that I would be my own boss. So, I googled "How to start your own business". From there, I ordered business cards, posters,  got my Tax ID, and created the name for my business. It was called L and S Hair Care. I found a location and purchased necessary products to start rendering service to clients. I was excited about my new adventure. Anxious to be my very own boss.
    The first couple of months started out really slow. So, I went to the malls and handed out flyers, gave posters to different companies so that I can get my name out in the streets. I heard about Groupon and decided to give them a shot. That's when the fun began. I had steady business and at times I had to turn people away because my book was too full. This lasted for almost a year. But I then realized that Groupon was really not the best setup for me and my business. Even though Groupon fed me clients, the profit I made off of one client was not enough. Furthermore, The clients were purchase the Groupon, yet wanted a miracle for the Groupon price. For example, The Groupon stated that for 39 dollars, you can receive a full color which typically cost over 65 dollars. When the client came in, she wanted highlights instead of the full color which was a lot more. She wanted it at the Groupon price of 39 dollars. I eventually canceled Groupon and just maintained the clients that I accumulated from Groupon, word of mouth, and Walk-ins.
    From 2014-2016 I had my own business until, I was trying to buy a house. I wasn't bringing in enough revenue for the salon itself because I was in the beginning stages of my business. Most people suffer a loss in the beginning. With that being said, I got another job  to help compensate for lack in revenue. Months later, I let the business go because I didn't have the drive anymore. So, here I am now. Taking the classes at UF to better myself.
     I enrolled into this class because it was a requirement for my degree program. I do hope that this class teach me necessary skills to be successful in the event I decide to try open my own business again.