Industrial Revolution

I bought a business on April 1, 2005. I'll update the blog a few times a week to share some of my experiences.

Wednesday, October 25, 2006

Tapering off

Hi everyone,
Although I've definitely enjoyed keeping this blog up to date, it's becoming more of a burden than I'd like. Other priorities are taking precedence. So, this note will give a quick status update, and then I don't plan to update it in the future. You'll just have to give me a call if you want to hear the latest!

Since before I closed on the purchase of the business, I've known that the accounting system would need to be replaced. The old one is small and insufficient for our needs in numerous ways. After more than a year of effort to choose and implement a new system, we threw the switch last weekend on Navision. We are now operating in our new system. Lots of little challenges have sprung up, but no show-stoppers. The change opens up enormous opportunities for us in the future.

Sales are exceeding all expectations. We should hit about $6M this year. That's about 5 times the sales of UCO in 2004. October will be the 8th time in the last 18 months when we've set a new record for monthly sales.

The shop is hopping. We've got a couple of new people helping out with huge new candle lantern orders. We've been working 9-hour days and Saturday to keep up.

It's all good! I hope you've enjoyed reading the blog. I've enjoyed sharing my adventure with you.

Keith