• Moneymagpie: What a Double Dip Recession Could Mean for Your Credit: The UK economy continued to gasp for air during 2011, gr... http://t.co/hjOx6vB4 (10th Feb 2012 - 11:30)
  • Moneymagpie: Going to the dentist is a pretty scary chore as it is, but with rising dental costs it’s getting that little bit... http://t.co/BjoCVBB0 (10th Feb 2012 - 10:49)
  • Moneymagpie: Going to the dentist is a pretty scary chore as it is, but with rising dental costs it’s getting that little bit... http://t.co/BFr8AnLY (10th Feb 2012 - 10:47)
  • Jasmine: Masterclass at the Vaudeville Theatre: wonderful play, Tyne Daley is fabulous!! You must get a ticket asap http://t.co/0bYt9t0T (9th Feb 2012 - 23:11)
  • Jasmine: RT @Moneymagpie: Is pampering a waste of time and money?... http://t.co/ed9x4am7 <<Yes! (first time I've agreed with Burchill!) (9th Feb 2012 - 23:10)
  • Jasmine: @zoerobinson1 Ooh well done! (9th Feb 2012 - 23:09)
  • Moneymagpie: Is pampering a waste of time and money?: She’s probably one of the UK’s most controversial columnists and now Ju... http://t.co/ng22TMxL (9th Feb 2012 - 14:00)
  • Moneymagpie: Moneymagpie has come up with 50 ways you can save money at home without making drastic changes to your life. Use... http://t.co/qZ4XX0nQ (9th Feb 2012 - 10:42)
  • Moneymagpie: @concordextra Glad we can help! (9th Feb 2012 - 10:34)
  • Moneymagpie: Sign up to http://t.co/Lw3lOEJD and you can leave feedback on the best and worst places to shop. Find out about... http://t.co/TLXSQxFu (9th Feb 2012 - 10:07)
  • Moneymagpie: Online exclusive! Get 10% off all online orders at Superdrug until Valentine's Day only:... http://t.co/PDssmTM5 (9th Feb 2012 - 09:19)
  • Moneymagpie: Get this - cheap and cheerful, energy-saving wind-up torches!... http://t.co/IVA5ZQkR (8th Feb 2012 - 22:19)
  • Jasmine: @Brandamplifier Hey, I can't remember if I sent over this piece about the birth of PR. If not, here it is! http://t.co/00XpXX3l (8th Feb 2012 - 22:15)
  • Moneymagpie: Illuminations To Go: The advent of low-cost LEDs in torches has brought about something of a revolution in porta... http://t.co/0epWMyC8 (8th Feb 2012 - 18:01)
  • Jasmine: @Poorlybee Nice! Spooky thing, tho, your tweet has also been sent by someone called Ellen (8th Feb 2012 - 16:43)
  • Jasmine: @Poorlybee No...it was oh...sorry...must stop going thro that mail (although honestly, I didn't know which you meant...trying to look clever (8th Feb 2012 - 16:33)
  • Jasmine: @Poorlybee Oh (8th Feb 2012 - 16:23)
  • Jasmine: Another nasty spam bot. This time says "@x We want to Hire YOU to Tweet at [dodgy virus-filled link]". Watch out. (8th Feb 2012 - 16:23)
  • Jasmine: Good for Russell Brand if he isn't taking money from Perry's estate. Respect. Like Billie Piper with Chris Evans. Quite right. (8th Feb 2012 - 16:21)
  • Moneymagpie: Premier Inn are celebrating the leap year by releasing 29,000 rooms from £29 for stays between 29th February and... http://t.co/R8jGtk4f (8th Feb 2012 - 16:10)
  • Moneymagpie: @oddbohemian Yes, very good point. Tell other people, don't do it myself! (8th Feb 2012 - 15:49)
  • Moneymagpie: @oddbohemian very practical! (8th Feb 2012 - 15:48)
  • Moneymagpie: Valentine’s flowers: where to find the best bouquets: Flowers make up almost two thirds of all Valentine spendin... http://t.co/2U93D3z9 (8th Feb 2012 - 15:47)
  • Moneymagpie: The cupcake challenge! With only 3 of us in the office, can we eat all 9 (!) of this box of cupcakes given to us... http://t.co/S24jKrnR (8th Feb 2012 - 15:26)
  • Jasmine: @michaelbeddoes nice! (8th Feb 2012 - 15:14)
  • Jasmine: RT @michaelbeddoes: If @pauljchambers isn't cleared,a peaceful protest should happen with people showing their usernames and a joke (8th Feb 2012 - 15:12)
  • Jasmine: RT @ajhmurray: If this goes against Paul I suggest that all of us put in our bio my tweets may well be jokes. Seriously. #twitterjoketrial (8th Feb 2012 - 15:00)
  • Jasmine: Ah Romance. So far today I've had Valentine's press releases about debt, divorce, credit ratings and how to be a low-cost lover. *sigh* (8th Feb 2012 - 14:59)
  • Moneymagpie: I used a nice thick scarf to block drafts from my big window today. Time to take a leaf out of our own article on... http://t.co/xBccpM4T (8th Feb 2012 - 14:35)
  • Moneymagpie: Looking for advice on ways to pay off debt? Moneymagpie has seven simple debt solutions which can help you to be... http://t.co/Zgn11p41 (8th Feb 2012 - 14:08)
  • Jasmine: The Euro is extraordinary. Now at 8-week high v the dollar a/c HIFX (8th Feb 2012 - 10:42)
  • Moneymagpie: Don't forget to make the most of Moneymagpie's special 10% discount at eFlorist. Whether you're after a... http://t.co/QZAUmQ1H (8th Feb 2012 - 10:22)
  • Moneymagpie: With Valentine's day fast approaching take a look at Bloomin' Delightful's stunning bouquets starting at just... http://t.co/vODdCbIP (8th Feb 2012 - 10:17)
  • Moneymagpie: If you're looking to book a hotel room Travelodge have some great rates starting from just £19 per room and if... http://t.co/MJZBcqzY (8th Feb 2012 - 10:12)
  • Jasmine: If women have implants for looks then they should pay to have them taken out. not the same as necessary surgery #newsnight (7th Feb 2012 - 22:56)
  • Jasmine: RT @stewartfoster: #newsnight is resembling an ad for Foxy Bingo tonight. << true (7th Feb 2012 - 22:53)
  • Jasmine: @EvanHD true! (7th Feb 2012 - 22:49)
  • Jasmine: @Nico_Macdonald Good point made at the debate this evening. Totally agree about growth coming from production. Needs more encouragement. (7th Feb 2012 - 21:49)
  • Jasmine: RT @martin_greig: Man from the Pru is (sort of) coming back 10yrs after 1,600 got chop http://t.co/iuJYlmVB <<hope they don't sell rubbish (7th Feb 2012 - 21:44)
  • Jasmine: Very, very good debate at Royal Geog Soc this evening "What hope for the economy?". John Kay marvellous. @EvanHD v gd moderator (7th Feb 2012 - 21:30)
Small Business

‘There Is Only Reality’ or ‘How My Business Went Down The Swannie, Nearly Taking Me With It’

January 11, 2010

I started Natural Pet Choice, an online health store for dogs and cats, nearly three years ago. I have no idea where all that time went except to say it took everything I had: energy, money and ultimately my health.

It also took a fair amount of money from friends and family too which I will never feel alright about.

Looking back on it now I can’t believe I was mad enough to do it.  I knew nothing about the pet trade, running a business or how websites worked.  You’d think it was a recipe for disaster, which to a larger extent it was, although it turned out to be a massive learning curve. But actually, what’s emerged from all the chaos and heartache in the end is going to be good I think, and hopefully profitable in the end.

When I started up, back in 2007, I read a blog post written by an entrepeneur which said, in no uncertain terms, that there is only reality in business and if you shut your eyes, stick your fingers in your ears and sing a happy tune instead of facing up to the harsh realities of running your business you’ll be out on your ear faster than you can say ‘stock take’.

The problem for me was, I thought I was facing reality. That blog really stuck with me, but telling myself I had the business under control, when I definitely didn’t plus the lack of experience, a minor arrogance issue and trying to run before I could walk, led ultimately to me shutting up shop last October probably 12 months after I should have done.  But I couldn’t face up to the failure and continued to flog it to death no matter who was telling me it was over; friends, family, accountant.  I had been running a hobby on borrowed time, not a business on hard facts.

I’ve never known anything like it, when I ceased trading there was nothing left in me.  I went to see my GP and burst into tears.  He was fantastic.  I had gone back to work in January 2009 (at a real job, as well as running Natural Pet Choice) so he was able to sign me off for a while. After that I pretty much took to my bed for two months, very depressed and scared, really scared that I would never be able to work again, that I would lose my home, along with my marbles, incapable to stop it, utterly exhausted.

You know when you have jetlag, you’re so tired you feel sick, wavy lines appear in front of your eyes and you can’t keep your eyes open past 2.00pm?

That was me for the first two weeks.  I’d sleep for 12 hours, get up, assume the position on the sofa (my friend aptly calls it the recovery position) to watch Homes Under The Hammer (when you’re looking forward to that and you’ve got it recording just in case you oversleep you know it’s serious) followed by a double bill of How Clean is Your House, toast, a nap on the sofa, more toast with a smidge of Marmite for the variety and the vitamins, then bed for another 12 hours to sleep like a log.  Everything had to just stop still for a while, and when I look back on November and December it’s a quiet room, with low lights on, warm and cosy with a big warm bed and absolutely, positively, definitely no stress or self inflicted pressure.  And lots and lots of tea and toast.

Gradually I came out of it.  Homes Under The Hammer lost it’s appeal and my dulled brain began twitching with ideas again.  As they say, every cloud, and all that.  Two months later, not only is my house now gleaming purely on elbow grease and distilled vinegar, thanks to Kim and Aggie, but I’ve lost a dress size and I’m wearing jeans I’d long given up hope for (which I managed to slip into on Christmas Eve ‘Happy Christmas to me! Happy Christmas to me!’ etc.)

That’s when I got Myitchydog up and running.  On reflection, while on my sofa communing with a cat, I realised that I’d learned a phenomenal amount; about business, the web, my customers, the pet trade and realised there was a niche I wanted to fit into.  There is money to be made in them thar hills so I decided to go right back to basics and start again as a sole trader, with no debt.

Not only that but I’d prided myself on customer service, customers I had come to like very much.  The emails of support for me, and Natural Pet Choice, were touching and encouraging.  So I started from scratch.

Find out next week how Kate set up a new internet business based on what she had learnt from these experiences…


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