I think the title says it all.
I’m not sure this is truly the case, but it certainly seems to be: becoming an entrepreneur and starting my own business making beaded jewelry and selling it to clients is probably not something from which I’m going to be able to make a decent living. I had half a mind not to write this post, but then I realized that it’s probably a big turning point so far as this blog is concerned.
I’ve just completed a semester of Marketing and a semester of Microeconomics. Both of them together show that the opportunity cost of making beaded jewelry is too high, because I live in a country with high labor wages and a high cost of living. Making jewelry is a time- and labor-intensive ordeal, and I live in a society which focuses on capital-intensive goods and services, not labor- or land-intensive goods and services.
Making labor-intensive goods in a society which has high labor wages because of a high cost and high standard of living means that imported goods of the same or higher quality could vastly undercut me in terms of what the public decides they’ll pay for it, because of what they’re used to paying for it.
If circumstances were different — say, if I were married or had any real prospects to be within the next 5 years, and my spouse were making enough money for the both of us, this would be a different situation; but I’ve got to be able to support myself on my own.
So because of this revelation, I again need to change career paths to something more profitable. I’m wanting to enter the field of Information Technology. This is a capital-intensive field which matches the environment that I live in fairly well. The opportunity cost of this — that is, what I’m giving up in order to be pursuing it — is fairly low.
It doesn’t mean of necessity that I feel from here, it’s what I’d most like to do, but it’s acceptable. In all honesty, the dream of making beaded jewelry and the reality of making beaded jewelry are not the same things, either. If I did become an entrepreneur in making jewelry, in effect my time would largely be taken up with management and a host of other tasks related to the running of a small business which would leave me with little time actually devoted to doing what I want to do — making jewelry. The people who would be able to make a lot of jewelry would be my employees, not me.
Anyhow, I’ve decided to give myself a break over this summer and not pursue the computer training immediately. When I go back in Fall I should be taking 2 classes, which will amount to 8 units. If I took the class I’d wanted to take over the summer, I’d be cramming a semester’s worth of a 4 unit class into 6 weeks and trying to jam in a bunch of work in addition so that I could pay my bills; after this semester, I don’t think I want to get right back into that, immediately.
I’ve also realized that I don’t particularly think I’m well cut-out for being a businessperson. Out of all my Holland Code Scores, Social is dead last as, like, an 8 or something. So I probably shouldn’t be in a primarily social occupation, as both my current job and the field of Business, are.
I’m going to take a break from writing at this point, though I do think it’s worth mentioning that someone influential to me is a very nose-to-the-grindstone person and had told me to work on my skills and figure out how I’ll use them, later. They have also said that they “don’t know why” I’ve been taking Business courses.
Because of this, they don’t tend to think ahead like I do, and I can see how it’s affecting their ability to design. They have a lot of false starts and a lot of energy put into beginning, and then don’t know what to do once they reach a certain point. Whereas I tend to think ahead on everything and in contrast tend to ignore the present for the goal.
If I hadn’t thought ahead, I might still be on the Jewelry track now, and in a metalwork class over the summer, learning silversmithing. Silversmithing, at least, does pay better than beadwork, but it’s not my true love. Beadwork, in contrast, draws me more (because of the color dynamics potentially involved), but the end of that — I can see from listening in on others’ posts — is being overworked, underpaid, and underappreciated.
This is in addition to being subject to copyright laws — I’m still not sure how much they cover, but I have been party to some rather angry moral proclamations about “copying”. This has really discouraged me from making anything at all for fear that I’m treading on someone’s intellectual property and then that I could be sued for it. Or, alternate scenario: making something for practice out of someone else’s pattern and then having someone ask me to make one “just like it” for them. Which, of course, draws on my time and finances, possibly substantially, should I do it for free.
My country is known for its litigiousness, after all.
Maybe I can counter that by bartering for plushies or something. I don’t know.