A craft business is a type of enterprise that focuses on creating and selling handmade, unique, or customised items. These can include a wide range of products such as jewellery, clothing, pottery, woodwork, and more. Craft businesses often prioritise creativity, originality, and quality in their offerings.

‍

Crafts and creative activities are also highly valued in Australia, similar to the trend seen in the United States. According to the 2022 National Arts Participation Survey by Creative Australia, nearly half of Australians (44%) engaged in creating art, with young people being the most likely to participate in creative activities. This engagement is consistent with previous years, indicating a sustained interest in arts and crafts among Australians​.

A specific survey by the Australian Bureau of Statistics in the 2021-22 financial year reported that about 39% of children participated in arts and crafts activities. The data showed that engagement in these activities was high across all age groups, with children aged 5 to 8 years showing the highest participation rates​.

Income levels also play a role in the level of engagement in creative activities. In the National Arts Participation Survey, it was found that people from various economic backgrounds participated in creative activities, highlighting the inclusive nature of arts and crafts in Australia​.

‍

One of the primary reasons people choose to start a craft business is the opportunity to turn their creative passion into a profitable venture. Running a craft business allows individuals to have control over their work, set their own schedules, and pursue their artistic interests. Additionally, the handmade nature of craft products often commands a premium price, as consumers appreciate the uniqueness and quality of these items.

‍

While running a craft business can be rewarding, it also comes with its share of challenges. One of the main disadvantages is the time-consuming nature of creating handmade items, which can limit production capacity and scalability. Craft businesses also face intense competition, both from other small-scale producers and mass-produced alternatives. Marketing and promoting a craft business can be difficult, especially for those with limited resources or expertise in this area.

‍

Steps to Open a Successful Craft Business

1. Identify your niche: Determine the specific type of crafts you will create and sell, considering your skills, interests, and market demand.
2. Develop your products: Create a range of high-quality, unique items that showcase your craftsmanship and creativity.
3. Choose a business structure: Decide on the legal structure of your business, such as sole proprietorship, partnership, or limited liability company (LLC).
4. Register your business: Register your craft business with the appropriate government agencies and obtain any necessary licences or permits.
5. Create a business plan: Develop a comprehensive plan that outlines your business goals, target market, pricing strategy, and marketing approach.
6. Set up your workspace: Establish a dedicated area for creating and storing your craft products, ensuring it is well-organised and efficient.
7. Source materials and supplies: Identify reliable suppliers for the materials and tools needed to create your craft items, considering cost, quality, and sustainability.
8. Establish an online presence: Create a website and social media accounts to showcase your products, engage with customers, and facilitate online sales.
9. Participate in craft fairs and markets: Attend local craft events to display and sell your products, build brand awareness, and network with other artisans.
10. Continuously improve and innovate: Stay informed about industry trends, customer preferences, and new techniques to keep your craft business fresh and competitive.

‍

Selecting the appropriate business structure is crucial for any craft business, as it impacts various aspects such as taxation, liability, and ownership. Sole proprietorships are the simplest and most common structure for small craft businesses, offering full control and minimal paperwork. However, this structure also exposes the owner to personal liability for business debts and legal issues. Partnerships and LLCs provide more protection and can be beneficial for businesses with multiple owners or those seeking to minimise personal risk.

‍

Effective marketing is essential for the success of any craft business. In today's competitive market, it is crucial to develop a strong brand identity and communicate the unique value of your handmade products. Online platforms, such as a well-designed website and active social media presence, are powerful tools for reaching a wider audience and engaging with potential customers. Collaborating with influencers, participating in craft fairs, and leveraging email marketing can also help increase visibility and drive sales.

‍

Connecting with mentors and being actively involved in the crafting community can be incredibly beneficial for those running a craft business. Mentors can provide valuable guidance, advice, and support, helping artisans navigate the challenges of entrepreneurship. Engaging with the crafting community, both online and offline, can lead to opportunities for collaboration, skill-sharing, and exposure to new ideas and techniques. Organisations like Mums & Co offer a supportive network for Australian mothers running businesses, providing resources, events, and a sense of community.

How to Start a Craft Business?

Craft Business is an entrepreneurial venture that focuses on creating and selling handmade, unique, or customised items. This type of business involves turning one's crafting skills and passion into a profitable enterprise. Craft businesses can encompass a wide range of products, such as jewellery, clothing, accessories, home decor, and more.

‍

A crafting business is a type of enterprise that revolves around the production and sale of handmade items. These businesses often prioritise creativity, originality, and quality in their offerings. Crafting businesses can operate in various settings, including home-based studios, shared workspaces, or even bricks-and-mortar stores.

‍

A crafting online business is a subset of crafting businesses primarily operating through digital platforms. These businesses utilise websites, online marketplaces, and social media to showcase and sell their handmade products to a global audience. Online crafting businesses offer the advantage of lower overhead costs and the ability to reach customers beyond geographical limitations.

‍

Crafting businesses have a long and rich history, with artisans and craftspeople playing crucial roles in societies worldwide. Traditionally, crafting businesses operated locally, with makers selling their wares at markets, fairs, and through word-of-mouth. However, the advent of the digital era has transformed the landscape of crafting businesses. The internet has provided a platform for artisans to showcase their products to a wider audience, connect with customers, and streamline their operations. Online marketplaces like Etsy, Shopify, and Amazon Handmade have made it easier for crafting businesses to establish an online presence and reach a global customer base.

‍

The rise of online platforms and the growing acceptance of flexible work arrangements have made starting a craft business more accessible than ever, particularly for women and mothers. Running a crafting business from home allows women to balance their entrepreneurial pursuits with family responsibilities. Organisations like Mums & Co provide support, resources, and a community for Australian mothers looking to start and grow their own businesses, including those in the crafting industry. The accessibility of online tools, tutorials, and networks has also made it easier for women to acquire the skills and knowledge needed to start and run a successful crafting business.

‍

Is a Craft Business Hard to Start?

Starting a craft business can be challenging, but it is not necessarily hard with the right planning, skills, and resources. The difficulty level depends on various factors, such as the type of crafts being produced, the target market, and the business model. While creating high-quality, unique products is essential, entrepreneurs must also navigate aspects like pricing, marketing, and financial management. However, the abundance of online resources, supportive communities, and platforms like Etsy and Shopify have made it easier for aspiring craft business owners to get started and grow their ventures.

‍

Is a Craft Business a Good Business for Mums?

It could be, a craft business can be an excellent option for mums looking to start their own venture. Running a craft business offers several advantages that align well with the needs and priorities of many mothers. Firstly, a craft business can often be run from home, providing the flexibility to balance work and family responsibilities. Mums can work on their crafts during nap times, after bedtime, or whenever their schedule allows. Additionally, starting a craft business allows mums to turn their creative passions into a profitable enterprise, which can be both fulfilling and empowering. The online nature of many craft businesses also enables mums to reach a wide customer base without the need for extensive travel or time away from home. Furthermore, the supportive communities and resources available can help mums navigate the challenges of starting and growing a craft business while connecting with like-minded entrepreneurs.

‍

10 Steps to Start a Craft Business

Starting a craft business can be an exciting and rewarding venture for those passionate about creating handmade items. To help you navigate the process of launching your own craft business, we have outlined 10 essential steps to follow.

1. Refine Your Crafting Skills

Refining your crafting skills is the first crucial step in starting a successful craft business. This involves dedicating time and effort to perfecting your techniques, experimenting with new materials, and consistently producing high-quality items.

‍

The importance of refining your crafting skills cannot be overstated. According to a study by the Crafts Council, 93% of consumers value the quality and craftsmanship of handmade items. By ensuring that your products are of the highest standard, you can attract and retain customers who appreciate the unique value of handcrafted goods.

‍

To refine your crafting skills when starting a craft business, consider the following:

• Practise regularly to improve your techniques and efficiency
• Attend workshops, classes, or online tutorials to learn new skills and stay updated on industry trends
• Seek feedback from experienced crafters or join a local crafting community for support and guidance
• Invest in high-quality tools and materials to ensure the best possible results

2. Identify Your Niche

Identifying your niche is a critical step in starting a craft business. This involves determining the specific type of crafts you will create and sell, focusing on a particular style, material, or target audience.

‍

Choosing a niche is essential for several reasons. It allows you to differentiate your business from competitors, target a specific customer base, and establish yourself as an expert in your chosen area. A study by the Association for Creative Industries found that 63% of crafters specialise in a particular craft category, highlighting the importance of finding your niche.

‍

To identify your niche when starting a craft business, consider the following advice:

• Reflect on your passions, skills, and unique selling points
• Research market trends and identify gaps or opportunities in the crafting industry
• Analyse your target audience and their preferences to ensure there is demand for your products
• Test your ideas by creating prototypes and seeking feedback from potential customers

3. Develop Your Product Line

Developing your product line is the next step in starting a craft business. This involves creating a cohesive range of items that showcase your unique style and craftsmanship.

‍

Having a well-defined product line is crucial for attracting customers and establishing your brand identity. 

‍

To develop your product line when starting a craft business, consider the following advice:

• Focus on creating items that align with your niche and target audience
• Ensure consistency in quality, style, and branding across your product range
• Offer a mix of core products and seasonal or limited-edition items to keep your offerings fresh and exciting
• Continuously gather feedback from customers and adapt your product line accordingly

4. Conduct a Competitor Analysis

Conducting a competitor analysis is an important step in starting a craft business. This involves researching and evaluating other businesses in your niche to understand their strengths, weaknesses, and market positioning.

‍

Analysing your competitors is essential for identifying opportunities and potential threats in the market. According to a study by the Small Business Administration, 50% of small businesses fail within the first five years, often due to a lack of market research and understanding of the competitive landscape.

‍

To conduct a competitor analysis when starting a craft business, consider the following advice:

• Identify your main competitors and study their products, pricing, and marketing strategies
• Analyse their online presence, including websites, social media, and customer reviews
• Attend craft fairs and events to observe your competitors' offerings and customer interactions
• Use your findings to refine your own business strategy and differentiate yourself from the competition

5. Develop a Business Plan

Developing a business plan is a crucial step in starting a craft business. A business plan is a comprehensive document that outlines your business goals, target market, financial projections, and operational strategies.

‍

Having a well-structured business plan is essential for several reasons. It helps you clarify your vision, identify potential challenges, and secure funding from investors or lenders. A study by the Harvard Business Review found that entrepreneurs who write formal business plans are 16% more likely to achieve viability than those who don't.

‍

To develop a business plan when starting a craft business, consider the following advice:

• Include an executive summary, company description, market analysis, product line, marketing strategy, and financial projections
• Set realistic and measurable goals for your business
• Identify your target market and outline strategies for reaching and engaging with them
• Seek feedback from mentors, advisors, or organisations to refine your plan

6. Choose a Business Structure

Choosing a business structure is an important step in starting a craft business. This involves deciding on the legal framework under which your business will operate, such as a sole proprietorship, partnership, or limited liability company (LLC).

‍

Selecting the right business structure is crucial for protecting your personal assets, minimising tax liabilities, and ensuring compliance with legal requirements. A study by the Australian Bureau of Statistics found that 61% of small businesses in Australia operate as sole proprietorships, while 27% are registered as companies.

‍

To choose a business structure when starting a craft business, consider the following advice:

• Understand the pros and cons of each business structure and how they align with your goals and risk tolerance
• Consult with a legal professional or accountant to determine the most suitable structure for your business
• Consider factors such as liability protection, tax implications, and administrative requirements
• Register your business with the appropriate government agencies and obtain any necessary licences or permits

7. Register Your Business

Registering your business is a necessary step in starting a craft business. This involves officially establishing your business with the relevant government agencies and obtaining any required licences or permits.

‍

Registering your business is essential for operating legally, accessing business support services, and building credibility with customers and suppliers. According to the Australian Securities and Investments Commission (ASIC), there are over 2.3 million actively trading businesses in Australia, all of which are required to register with the appropriate authorities.

‍

To register your business when starting a craft business, consider the following advice:

• Determine the specific registration requirements for your business structure and location
• Register your business name with ASIC and secure any necessary domain names
• Obtain an Australian Business Number (ABN) and register for Goods and Services Tax (GST) if required
• Apply for any industry-specific licences or permits needed to operate your craft business legally

8. Develop a Marketing Strategy

Developing a marketing strategy is a vital step in starting a craft business. This involves creating a plan to promote your products, reach your target audience, and build brand awareness.

‍

Having a well-defined marketing strategy is essential for attracting customers, driving sales, and establishing a competitive edge in the market. A study by the Content Marketing Institute found that 60% of successful B2C marketers have a documented content marketing strategy.

‍

To develop a marketing strategy when starting a craft business, consider the following advice:

• Define your target audience and create customer personas to guide your marketing efforts
• Identify the most effective marketing channels for reaching your target audience, such as social media, email, or paid advertising
• Develop a content marketing plan that includes blog posts, product descriptions, and visual content to engage customers and showcase your products
• Allocate a budget for marketing and continuously track and analyse your results to optimise your strategy

9. Build Your Online Presence

Building your online presence is a crucial step in starting a craft business. This involves creating a website, establishing social media profiles, and leveraging online marketplaces to showcase and sell your products.

‍

Having a strong online presence is essential for reaching a wider audience, building brand credibility, and facilitating sales. A study by Square found that 44% of retail sales in Australia now occur online, highlighting the importance of having a digital storefront.

‍

To build your online presence when starting a craft business, consider the following advice:

• Create a professional website that showcases your products, brand story, and contact information
• Establish profiles on relevant social media platforms, such as Instagram and Facebook, to engage with your target audience
• Utilise online marketplaces like Etsy or Shopify to expand your reach and simplify the sales process
• Optimise your website and product listings for search engines to improve visibility and attract organic traffic

10. Develop Your Brand Identity

Developing your brand identity is the final crucial step in starting a craft business. This involves creating a consistent visual and messaging style that reflects your business values, personality, and unique selling points.

‍

Having a strong brand identity is essential for differentiating your business from competitors, building customer loyalty, and creating a memorable and recognizable presence in the market. A study by Lucidpress found that consistent brand presentation across all platforms can increase revenue by up to 23%.

‍

To develop your brand identity when starting a craft business, consider the following advice:

• Define your brand values, mission statement, and unique selling points
• Create a consistent visual style, including a logo, colour palette, and typography, that reflects your brand personality
• Develop a brand voice and messaging guidelines to ensure consistency across all communications
• Integrate your brand identity across all touchpoints, including your website, product packaging, and marketing materials

‍

What is Required to Open a Craft Business in Australia?

To open a craft business in Australia, you must fulfil several legal and administrative requirements. These include registering your business, obtaining necessary licences and permits, and ensuring compliance with tax and employment laws.

‍

According to a report by the Australian Bureau of Statistics, there were over 2.3 million actively trading businesses in Australia as of June 2020. To join their ranks, aspiring craft business owners must navigate the various regulatory requirements and make informed decisions about their business structure.

‍

One of the most crucial decisions when starting a craft business is choosing the appropriate business structure. This choice will determine your legal obligations, tax liabilities, and level of personal liability. The most common business structures in Australia are sole trader, partnership, company, and trust. Each structure has its own advantages and disadvantages, and the best choice will depend on your specific circumstances and goals.

‍

What is the Best Business Structure for a Craft Business?

A business structure refers to the legal framework under which a business operates. It determines how a business is owned, managed, and taxed. Choosing the right business structure is essential for craft business owners, as it can impact their personal liability, tax obligations, and ability to raise capital.

‍

For an online crafting business, the you could consider a sole trader or a company. As a sole trader, you have complete control over your business and can keep all the profits after paying taxes. However, you are also personally liable for any debts or legal issues arising from your business. A company structure offers limited liability protection, separating your personal assets from your business liabilities. This can be advantageous as your online craft business grows and faces increased risks.

‍

For a physical crafting business, such as a bricks-and-mortar store or studio, a company structure may be more suitable. This structure can provide asset protection and facilitate the hiring of employees. Additionally, a company may be more attractive to investors if you plan to expand your craft business in the future. However, operating as a company also involves higher setup and ongoing costs, as well as increased reporting and compliance requirements.

‍

How Much Tax Does a Craft Business Pay in Australia?

‍

The amount of tax a craft business pays in Australia depends on its business structure and taxable income. Sole traders are taxed as individuals, with tax rates ranging from 0% to 45% plus a 2% Medicare levy, depending on their income. For example, a sole trader with a taxable income of $50,000 would pay approximately $7,467 in income tax and Medicare levy for the 2021-2022 financial year.

‍

Companies, on the other hand, pay a flat tax rate of 30% on their taxable income. However, small businesses with an annual turnover of less than $50 million may be eligible for a reduced company tax rate of 25%. For instance, a craft business operating as a company with a taxable income of $100,000 would pay $25,000 in corporate tax at the reduced rate.

‍

It is important to note that craft businesses must also register for Goods and Services Tax (GST) if their annual GST turnover is $75,000 or more. GST is a 10% tax applied to most goods and services sold in Australia, and businesses registered for GST must charge this tax on their sales and remit it to the Australian Taxation Office (ATO).

‍

To ensure compliance with tax obligations and make informed decisions about their business structure, craft business owners should consult with a qualified accountant or tax professional.

‍

What are the Marketing Strategies for a Craft Business?

Marketing strategies are comprehensive plans designed to promote a business, attract customers, and ultimately drive sales. For a craft business, effective marketing strategies are essential for standing out in a competitive market and building a loyal customer base.

‍

The most common marketing strategies used for a craft business include:

1. Social media marketing: Leveraging platforms like Instagram, Facebook, and Pinterest to showcase products, engage with customers, and build brand awareness.
2. Content marketing: Creating valuable and informative content, such as blog posts, tutorials, and videos, to attract and retain customers.
3. Email marketing: Building an email list and sending targeted campaigns to promote products, share updates, and nurture customer relationships.
4. Influencer marketing: Collaborating with influencers in the crafting niche to expand reach and gain credibility with new audiences.
5. Craft fairs and markets: Participating in local events to display products, connect with customers, and generate sales.

‍

In addition to traditional marketing strategies, networking plays a vital role in helping craft businesses thrive. Networking involves building relationships with other business owners, industry professionals, and potential customers. By attending events, joining online communities, and collaborating with others in the crafting space, business owners can gather new ideas, gain valuable insights, and expand their customer base.

‍

One such community that supports and empowers mothers in business is Mums & Co. This organisation provides resources, events, and networking opportunities specifically designed to help mums start and grow their businesses. By connecting with like-minded entrepreneurs and accessing tailored support, craft business owners can overcome challenges, find inspiration, and take their ventures to the next level.

‍

Is Networking Important for Craft Business?

Yes, networking is extremely important for the success of a craft business. Building relationships and connecting with others in the industry can provide numerous benefits, including:

1. Increased exposure: Networking can help craft business owners expand their reach and gain exposure to new audiences. By forming partnerships, collaborating on projects, or simply sharing each other's work, craft entrepreneurs can tap into new markets and attract more customers.
2. Knowledge sharing: Networking provides an opportunity to learn from others who have experience in the crafting industry. By exchanging ideas, discussing challenges, and sharing best practices, craft business owners can gain valuable insights and improve their own operations.
3. Collaboration opportunities: Networking can lead to exciting collaboration opportunities, such as joint product lines, co-branded marketing campaigns, or even shared retail spaces. By working together, craft businesses can pool resources, reduce costs, and create unique offerings that stand out in the market.
4. Emotional support: Running a business can be isolating and challenging, especially for solo entrepreneurs. Networking with other craft business owners provides a sense of community and emotional support. By connecting with others who understand the unique challenges of the industry, craft entrepreneurs can find encouragement, motivation, and a valuable sounding board for ideas.
5. Referrals and recommendations: Word-of-mouth is a powerful marketing tool for small businesses. By building strong relationships within the crafting community, business owners can benefit from referrals and recommendations. Satisfied customers and supportive peers are more likely to promote a craft business to their own networks, leading to increased sales and growth.

‍

In conclusion, investing time and effort into networking is a smart move for any craft business owner. By building relationships, sharing knowledge, and collaborating with others in the industry, entrepreneurs can unlock new opportunities, overcome challenges, and ultimately achieve greater success in their ventures. Organisations like Mums & Co provide valuable support and networking opportunities specifically designed to empower and connect mothers in business, making it easier for craft entrepreneurs to thrive in their chosen field.

‍

What are the Investment Costs to Start a Craft Business?

The investment costs to start a craft business can vary greatly depending on the scale and type of business you want to establish. However, some general costs that most craft businesses will need to consider include:

1. Materials and supplies: The cost of raw materials, tools, and equipment necessary to create your craft products.
2. Workspace or studio: Renting or setting up a dedicated space to work on your crafts, which may include utilities and insurance costs.
3. Inventory: The cost of producing and storing finished products to meet customer demand.
4. Marketing and advertising: Expenses related to promoting your business, such as creating a website, purchasing business cards, and running social media ads.
5. Business registration and licences: Fees associated with registering your business and obtaining necessary permits and licences.

‍

The costs of starting an online crafting business can be significantly lower than those of a traditional bricks-and-mortar store. An online business eliminates the need for a physical storefront, reducing expenses like rent, utilities, and signage. However, additional costs may include website development, e-commerce platform fees, and shipping materials.

‍

To cut costs when starting a craft business, consider the following tips:

1. Start small: Begin with a minimal inventory and scale up as your business grows to avoid overinvesting in supplies.
2. Use social media: Leverage free social media platforms to promote your business and engage with potential customers.
3. Work from home: If possible, start your business from home to save on workspace rental costs.
4. Buy supplies in bulk: Purchase materials in larger quantities to take advantage of wholesale prices and reduce per-unit costs.

‍

For some craft business owners, grants can provide valuable financial support to help cover startup costs or fund business growth. Grants are typically awarded by government agencies, non-profit organisations, or private foundations to support specific industries, regions, or demographics.

‍

Does Australia Offer Grants for Craft Businesses?

Yes, Australia does offer grants for craft businesses. Various government agencies and organisations provide funding opportunities to support the growth and development of small businesses, including those in the crafting industry.

‍

To be eligible for a grant, craft business owners typically need to meet specific criteria, which may include:

1. Business status: Many grants are available only to registered businesses or those with a valid Australian Business Number (ABN).
2. Location: Some grants are specific to certain states, territories, or regions within Australia.
3. Industry: Grants may be targeted towards businesses operating in specific industries, such as the creative or handmade sectors.
4. Business size: Some grants are designed to support small businesses or micro-enterprises with a limited number of employees or annual turnover.
5. Purpose: Grants are often awarded for specific purposes, such as purchasing equipment, attending trade shows, or developing new products.

‍

Some examples of grants that may be relevant for craft businesses in Australia include:

1. Small Business Grants: Various state and territory governments offer grants to support small business growth and innovation.
2. Creative Victoria Grants: The Victorian government provides funding for creative industries, including craft and design businesses.
3. Arts Queensland Grants: Queensland-based craft businesses may be eligible for grants to support their creative projects and business development.
4. City of Sydney Creative Spaces Grant: This grant supports the development of creative spaces and studios in the Sydney area, which could benefit craft businesses looking for affordable workspaces.

‍

Craft business owners should research and monitor grant opportunities through government websites, industry associations, and organisations, which provide resources and support for Australian business owners. By carefully reviewing eligibility criteria and application requirements, craft entrepreneurs can identify grants that align with their business goals and increase their chances of securing valuable funding to start or grow their ventures.

‍

What are the Main Benefits of Starting a Craft Business?

Starting a craft business offers numerous benefits for creative entrepreneurs. Firstly, it provides an opportunity to turn a passion for crafting into a profitable venture, allowing individuals to enjoy their work and find fulfilment in their career. Running a craft business also offers flexibility, as many entrepreneurs can work from home or set their own schedules, which is particularly appealing for those with family responsibilities. Additionally, the handmade and unique nature of craft products often commands a premium price, enabling business owners to generate a sustainable income while pursuing their creative interests. Moreover, the crafting community is generally supportive and collaborative, providing opportunities for networking, skill-sharing, and personal growth.

‍

What are the Disadvantages of Starting a Craft Business?

Despite the many benefits, starting a craft business also comes with its share of challenges. One of the primary disadvantages is the time-consuming nature of creating handmade products, which can limit production capacity and scalability. Craft business owners often work long hours to meet customer demand, which can lead to burnout and difficulty maintaining a healthy work-life balance. Additionally, the crafting market is highly competitive, with numerous small businesses and individual sellers vying for customers' attention. This competition can make it challenging to stand out and generate consistent sales, particularly for new businesses. Another potential disadvantage is the need for ongoing investment in materials, tools, and equipment, which can strain cash flow and profitability, especially in the early stages of the business.

‍

Who Can Help Starting a Successful Craft Business?

Starting a successful craft business often requires more than just creative skills and a passion for crafting. Seeking guidance from mentors, business coaches, and supportive communities can significantly increase the chances of success for new craft entrepreneurs. Mentors, who are typically experienced professionals in the crafting industry, can provide invaluable advice, insights, and connections to help navigate the challenges of starting and growing a business. They can offer guidance on topics such as product development, pricing strategies, and marketing, drawing from their own experiences and expertise.

‍

Similarly, business coaches can provide structured support and accountability to help craft entrepreneurs set and achieve their goals. They can assist with developing business plans, identifying growth opportunities, and overcoming obstacles, providing an objective perspective and proven strategies for success. According to a study by the International Coach Federation, entrepreneurs who work with a business coach can experience a median revenue increase of 46% over those who do not.

‍

In addition to individual mentorship and coaching, engaging with supportive communities can be incredibly beneficial for craft business owners. Joining local crafting groups, attending industry events, and participating in online forums and social media communities can provide opportunities for networking, collaboration, and skill-sharing. These communities can also offer emotional support and encouragement, helping entrepreneurs to stay motivated and inspired in the face of challenges.

‍

Organisations are particularly valuable for mothers starting craft businesses, as they provide tailored resources, events, and networking opportunities to support the unique needs of mumpreneurs. By connecting with like-minded individuals and accessing relevant tools and information, craft business owners can accelerate their learning, avoid common pitfalls, and build a strong foundation for long-term success.

‍

This content is intended to be general in nature and is not financial or professional advice. We recommend you obtain independent professional advice relevant to your circumstances, before making any financial or commercial decisions. Every effort is made to ensure that the material published by Mums & Co is accurate and up to date. However, we do not guarantee or warrant the accuracy, completeness, or currency of the information provided.

‍