A
amd
Business Planning for 2021
Piggybacking on these older threads: https://www.soapmakingforum.com/threads/business-planning-for-2020.76014/ https://www.soapmakingforum.com/threads/what-have-you-done-for-your-business-lately.70480/ And because I enjoyed the discussion of what we were all going to do in 2020... ahem, well we...

A few notes I'm making so far for 2021:
Still too large of a soap lineup, need to downsize just a titch more.
Expanding data collection to include profit margins was a huge project but so worth the time.
Still struggling with social media engagement, but at least I've settled into a bit of a rhythm.
I have found a few additional outlets for selling, including stocking a salon for product to use in their services, but I've still been told NO a lot. (If you don't ask, the answer is always no.)
The markets I've been doing have been phenomenal. I think I've finally gotten past the "$100 is a good market" phase of my business. This also means that I don't have to do ALL the markets.
I expanded the B&B side a bit sooner than planned, but I had lab testing that validated that I was making a good product. It was a slow release with getting vinyl labels printed, and the investment of buying more labels than I will use in a year has been daunting. I decided though that this means making sure that I have a lineup that is well selected and can run for two years.
Took a stab at wax melts and they bombed. After having customers ask for them for years, they didn't want them when I finally made them. Go figure. People are weird.
Looking ahead at 2022:
Downsize soap lineup to 15
Continue social media engagement attempts
Continue pursuing wholesale opportunities
Finish B&B lineup - including face lotion, face scrub, men's body lotion, maybe another fragrance for foot scrub/lotion(??), switching out shampoo bars, and adding conditioner bars.
So what's your plans?