Floral Business Pricing Foundations.
Okay, do this with me. Shut your eyes….. Tighter.
The tighter they are shut, the better your wish will come true.
Okay, now say this with me, “I wish, I wish, I wish, I could just make pretty things and create memories and the money part will just… work out.”
(pause…. did it work? ya, me neither.)
Aw crap, well, so much for money magic. I guess we’ll just have to do some real work to make sure we are making a profit and covering our butts.
Raise your hand if you’ve searched for pricing formulas and financial advice with dismal to so-so results? (woosh) Whoa, I need to reposition my eyebrow hairs from that breeze you created. Ya, me too.
And I get it. PRICING IS PERSONAL. It’s based on so many tangible and intangible things. It’s in some ways math, in some ways marketing and positioning.
The only real thing your pricing and financial plan has to do is cover YOUR needs and your businesses needs.
For the first 7 years of my business, I searched and searched for the golden nugget of a pricing plan for a business as weird as wedding floral and event design.
And then it occurred to me… I have 7 years of details expenses and price data and can directly relay those into what they yielded in money to my pockets. I can figure this out.
Hindsight is 20/20, right? so I literally can go back, see if there were any “purty deeds done dirt cheap”, revise to my preferred scenario, and apply that data to what is going on now.
So I did. And, well, I like it.
Everything I’ve found is oversimplified, incomplete, or just irrelevant.
“Just multiply your materials by 4.5X” they say…. Ya well, what do I charge for that botanical armature thing that is made from what’s in my recycling bin that will take forever to not look like trash?
What about the linens and vintage furniture I am renting for my client? That’s a lot of money that looks like my revenue but just flows through my business?
What about the hours I am spending figuring out what this is even going to look like.
What about the people that I am going to hire last minute but didn’t charge for because I am so freaked out that I don’t have enough setup time and would rather pay more people than allow more eyeball twitching stress than is absolutely necessary?!
Ya, I get this pricing formula is set up to reap massive profit but that doesn’t help me determine sales goals and whether or not I can experiment with that new high end wedding show.
Where’s THAT pricing plan?
Well, there isn’t one. But now I see that there is YOUR pricing plan.
Because what’s success looks like for you is different from the other gal who has three kids under school age.
Success for the farmer-florist isn’t going to look like the success of an event designer and producer.
And success for you now isn’t going to look like what success will be for you later.
But there are some shared foundation principles that we can all agree upon. AND surely for all of us. Success is NOT being in survival mode.
And HOLY FLAMING FIELDS OF FRUITFUL FREEDOM FLORAL FRIEND, when you know YOUR pricing, so much of the mental gunk that causes uncertainty and doubt just goes away. And your hustle has direction.
Your beginning of the year looks like this…
Tips to evolve your business when a ‘life volcano’ erupts.
Life is full of transitions and shifts. Same goes for our businesses. But in a time when we feel pressed to find a niche, express your super focused brand, and do that thing consistently so you don’t confuse your audience, it can feel uncomfortable to allow your business to evolve with you.
At Lola Creative, we’ve (ehem, I’ve) had a few. First, just transitioning from a well paid corporate career with years of experience and a big ole bill of student loans to a fledgling floral design business took some guts. Then realizing we were more of a full event design company that makes custom fabrications was another turn. My biggest life/ business volcano however was when, almost a year ago,my volcano of a belly erupted into an actual human being. That has been the most startling adjustment to my business.
There’s a lot of trash-talk out there about the greedy business person trying to scrape what they can, but a lot of the folks in this industry left higher paying work for their current business. Why? Freedom maybe, greater connection with their customers, greater responsibility, to be able to create something of high quality and value, to do something that makes their heart all big and juicy, to work hard and watch that hard work pay off. Check, check, check, check….To do something that felt right, every day. To have your work and life aligned. To feel like work is your ‘life’s work.’ PURPOSE!
Parenthood, business changes, the loss of a loved one, these things can take your precious alignment and smash its contented face in. So, if that’s happened, or happening to you, here are some tips I’ve found to be helpful when what you thought IS, is no longer.
- Practice Patience. I know the ‘be patient’ advice can make your eyeballs twitch. But practice again and again to be patient with yourself. You need time to get your bearings. Keep things bobbing along or lay low until you gain clarity. If you just had a life volcano erupt, you may need MONTHS, to get back to where you feel you are clear headed.
- Feel like your path has split into two? Be Curious and find Creativity in both. Get to know each with respect to the other. Can I go this way and still maintain this way? How does it feel to do what I was doing while also giving attention to this new path?
- Find Your Core Driver. For me, becoming a parent felt like I might have to give up my creative life. Being a present, not-frazzled mom was paramount, and early on, I felt I could not do both parenting and running a business well. If you find that change is necessary, try distilling what is essential about your business. In what ways does it contribute to your sense of purpose and joy? How can you still get those things while still thriving in your new direction? When you are focused on the purpose, the means is not as important
- Release your identity. It’s hard to accept your purpose and the changes that truly support it if you are locked up in identity illusions. Stuff like, “well I’m a ______, it’s what I do, it’s who I am.” Puhleeez. You are a shifting, spreading, throbbing hunk of life and passion. You are a creative force, girl, no matter what you change. It’s okay to be indescribable.
- Break the Rules. Maybe your path isn’t going to look like you thought it would. Maybe your way of doing things doesn’t look like the way others are doing it. Perhaps there are social rules that don’t really fit into your new world. Liiiiiiike, maybe your baby hangs out in a baby corral at the workshop and gets used to wearing noise canceling ear muffs when you have to use the power tools…. just an example.
- Accept the Seasons. If not now, then maybe later. Or maybe not. When later is now, maybe something else. It actually is all-good. It is okay to take a break. It’s okay to stop and it’s okay to start again. It’s okay to say no to one path to fully embrace the new one.
Messy. Pretty. Pretty Messy. Glorious. Puzzling. Filled with light. Pissing rain. Whatever. Bring it on.
What Does Business Related Fear Feel Like?
Before you can do anything about business related fear whether that be fear in starting your new business or managing your changing business, you have to first be able to notice that it’s happening to you. This is difficult, because the signs are sneaky. I just wrote an ebook that delves into my own experiences in fearing and learning to manage my business related fear. How do you know when it’s here? What does fear feel like?
In my new ebook “Be
Fearless Scared but do it Anyway”, I talk about managing fear. A lot of it has to do with reorienting fearful or anxious feelings and sometimes recognizing when it needs to stop all together.
With the birth of my son, my husband and I are having to make some changes to how we live and work. I find that while my creative energy and ideas are at an all time high (joy= creativity?), my available time is at an all time low. I’ve estimated I have roughly 20% of the time I once did to dedicate any serious focused brain power. It’s forcing us to simplify and clarify our visions for our future and to strategize in new ways. With that, comes the uncertainty and unease.
I had never practiced managing fear much as it relates to my family life so I was surprised when I was barraged by a bunch of old, familiar feelings. Here’s what fear and anxiety looks like when it pops up for me:
Irritability– I’m irritated. I’m irritated at the dog, at the baby for crying when I’m not immediately in front of him. I’m irritated that I can’t get anything done, that dinner takes a long time, that the water is tepid because I used up the hot water doing massive quantities of laundry. I’m irritated at slow people in the grocery store, slowness with my computer. I’m irritated that I can’t find my keys, that I can never find my keys, and irritate that I haven’t found a system for managing my key losing situation.
Restlessness– always thinking- the inability to not turn off. Being lostin thought about your business. Pushing to go faster, be efficient- but perhaps for no clear reason than just to get to the next task. The feeling that you have to hurry through this tedious, uncertain part so you can get to the part that is meaningful/ profitable/ the actual work.
While I’m able to be present with my son, the few blocks of uninterrupted time are often wrought with these feelings. And obviously these feelings are counterproductive to working well.
I’m finding I’m having to reapply the tactics I wrote about in my ebook, readjust expectations, prune my efforts to maximize effectiveness. Some pursuits will be delegated, while others will be recycled.
I love this journey… even though the course is ever-adjusting.
Creativity and Baby Making.
Always be making. This is kind of my maxim. It’s not really a motivational thing so much as just the way things are.
The drive to play with materials and make something is why I started Lola Creative and why I can say I’ve got the best job ever. Last week we made a giant 12 foot octopus. This week it’s vintage computer geekery. For the last seven months, I’ve been making my first human.
Human production, as it turns out, reduces one’s available brain space for most everything else. Add onto that the daily requirements of a business and there’s just not much left for free-creating- making stuff for fun, making stuff not related to my business projects. About all I have energy for right now is to make these here Skittles, sitting next to me, into painting apparatus with my own spit and draw smiley faces on my humpty-dumpty belly. (I mean, if I weren’t pregnant, at least they’d be an impressive design).
and then there’s the fear that once this squirmy bump IS actually a human, what if I have even LESS creative mojo? Oh man! Is creativity like love, it just grows to satisfy a greater desire to give it? A muscle? Just plain old discipline and habit (ergh)? I’m hoping for the first since that seems lovely and easy. But just in case, I’m inviting myself to casually make with whatever is available.
The wise woman in me says, “Oh honey, a creative outlook doesn’t go away, it’s just cast upon whatever you are doing. You will never be wanting of creative outlets that satisfy and inspire you. ” The neurotic pushy person in me says, ” Better get to making or your abilities will dry up like pregnant feet in flip flops made of asphalt and good intentions.”
This is what wise woman probably looks like
Now I’ve learned that the wise woman is usually right and the pushy person is lovable but misguided. But a little casual making never hurt anyone, right? So here’s my first share from a trip to my sweetie’s family cabin of making just to make. Materials are whatever is in front of me. Thanks nature for the materials.
Sign up for our emails to see how this all ends up!