30 Years in Business with Nothing to Show for It
Big day today.
We turned over the keys to the warehouse that served as our furniture studio for over 16 years, to the landlord. My husband spent the past 30 years as full-time professional furniture maker. When we married, we became business partners, as well as, spouses.
Shane made beautiful custom furniture for the homes of movie stars, country music superstars, Fortune 500 executives across the United States plus a few exotic locations like the Bahamas and Panama. Our clients will enjoy their handcrafted furniture for years to come, as it was built to last for generations.
We, however, have nothing to show for the decades of hard work we put in to building our brand and our product line. Once we finish liquidating our assets, we will never receive another penny from all that work.
We also own a network marketing company and today we hit a milestone in that business. I told you it was a big day.
For the past several weeks we have packed and purged and moved out of the furniture studio. We haven’t had a lot of time for other things. I have helped my network marketing team in small pockets of time, mostly via text message. However, I have not been working that business all that much. And yet, we hit this financial milestone today.
With our custom furniture business, if I wasn’t hustling sales and Shane wasn’t crafting furniture, we weren’t making money.
Our network marketing business keeps sending us checks, every month (or week) because we did the work 5 years ago, or 5 weeks ago. We did the work once, we keep getting paid. That’s called residual income.
Now that we are (almost) done closing the furniture studio, I can spend more time teaching folks how to earn residual income, because it is rewarding.
Today I also realized just how much our furniture business owned our lives. Our networking marketing business makes our lives fun.
Today was a big day.