Year of the Entrepreneur: Launch a Candle Manufacturing Company as a Family Business Venture

Candle-making like many functional crafts can be a low cost or no cost start-up business venture that is also a fun business idea as a small family run enterprise. Candle making is said to have originated independently in many countries. As early as 3000 B.C., archaeological finds the east African people of kmt (Egypt) making beeswax candles.

Candles can be created and promoted as natural or can be customized for individuals as gift items or for birthdays. In addition to the aroma-therapy (scent) options, national holidays and religious and heritage festivities offer an array of marketing opportunities: Judaica, Christmas/Easter, Kwanzaa, Valentine’s Day, Mother’s Day, Father’s Day, Black History Month, Women’s History Month, etc.).

The Candle Craftsman

Designate a space for candle-making. Candle making takes up a small amount of space compared to the potential for profit. If you have a back room, a garage, an unused walk-in closet, kitchen-area, pantry room, cottage house, a basement or a shed then you have enough space for making candles.

The candle craftsman melts down wax in pots and has the option of adding colors and scents to be reshaped into imaginative molds and shapes. Large box shaped or small floating candles or votives can be customized as family unique expressions.

When sales begin to come in consider securing vendor sources or core vendors for wax, dyes, scents, and molds. Readily available candle wax in the U.S. includes soy and paraffin bases. There are others, such as beeswax or gel, depending on local resources. As to adding scents, many candle supply dealers have pre-formulated aromatherapy waxes. Adding fragrance to wax creations may be a regulated market activity. Check local and federal laws for applicable rules and regulations.

Financing the Candle Business

The candle business can be created with no financial investment if the list of tools (wax, molds, wicks, and pans) is currently in the possession of the new candle-maker or can be secured by donations from family and friends.

If all the tools cannot be secured without costs, the largest expense will be specialty molds as some of them can run as high as $20 each. Remember, molds can sometimes be found among existing resources, e.g., kitchenware items such as miniature banking pans and small containers from pre-packaged goods, especially glass packaging.

Local, National, and Global Candle Making Sales

In today’s conservation-conscious global economy green is the new black. Candle-making can truly be marketed as a functional craft that is an alternative use to electricity-based light sources in the lives of high-energy consuming populations.

It is a word-of-mouth, reputation-based business. Initial candle orders can be obtained from individual sells through gift shops or art and craft or expo shows. Orders can also be obtained through wholesaling the candles to local shops and franchise outlets. In considering accepting new orders, remember to maintain family production projects to manageable levels.

This type of family business can become a micro-multinational through online sales that tap into global markets. This can be done by purchasing, developing, and marketing an on-line candle business website with payment purchasing options, security, and web-management oversight and updates.

Additional online sales can be obtained by joining trading venues for domestic sales and international import/export sales. On-line trading communities include eBay (pay required) and Craigslist (no pay required). A growing list of on-line bartering and trading communities are also developing, such as Caretotrade.com.

Disclaimer: Check local and federal laws for applicable safety and trade rules and regulations regarding candle-making and interstate and import/export sales. This article is for informational purposes only and creates no attorney-client relationship. It should not be used as a substitute for tax or legal advice.

Stress Reduction for the Entrepreneur

Stress relief is as important for the entrepreneur as it is for the man or woman who works a typical nine-to-five job. Many entrepreneurs enjoy their work and spend several hours devoted to their business. But when the economy sours and profits slow down, it’s sometimes difficult to keep the entrepreneurial spirit alive.

To keep the entrepreneurial fires alive the entrepreneur applies a few rules that help alleviate daily stress before it leads to emotional breakdown and burnout. The following seven concepts come from Brabble chief executive officer and founder Patrick Mackaronis, who finds stress at every corner running an up-and-coming social network.

A Regular Time Out

The man and woman with ambition have the habit of working long hours. But being locked in the office for those hours can lead to high levels of stress. To cope they take regular time outs throughout the work day. That often means simple activities like stretching unused muscles, taking a brief walk around the block or calling the spouse or a friend. Anything that lasts ten to fifteen minutes can help charge tired batteries and clear the mind so the thinking process can be rejuvenated.

A Break form the Routine

Many famous people throughout history took time to lie down on the couch and take a brief nap. Thomas Edison took regular naps. Winston Churchill often spent his mornings working in bed. While getting eight hours of rest every night is important, it has been shown that those who rest frequently during the day retain more energy and work longer hours without fatigue.

A Review of Priorities

The reason why some businessmen and women burn themselves out is because they lose sight of their reasons for being in business. Daily problems tend to draw attention away from the important tasks and on to trivialities. Many entrepreneurs get busy but don’t accomplish anything meaningful. When that happens they stop to refocus attention on the important areas. That includes their loved ones and children.

Authority Delegation

Unfortunately, this isn’t the strength of many entrepreneurs. They are independent people who see the need to get things done a certain way. While this is an asset when starting out a new business venture, it becomes a severe handicap when the business starts to grow. Menial tasks are better left to someone else who can handle them. If hiring a full time employee isn’t in the cards, temporary help will release the time the entrepreneur can spend to focus his/her attention on more important tasks.

A Cool Head

Most people don’t get ahead in life because they react to problems, but don’t actually solve them. They lose themselves in negative emotions that keep them from finding lasting solutions to their problems. Entrepreneurs are just as fallible to this phenomenon. Keeping a cool head means looking at the problem from different perspectives. There is always a solution to every problem but getting lost in worry and fear does little to resolve the issues. Success can’t come to the entrepreneur who worries constantly.

A Backup Plan

Every successful businessman and woman has the day mapped out. They have a planner and a schedule. But sometimes events throw off the best plans. Rather than resort to panic, the effective entrepreneur has a backup plan that still steers him/her in the right direction. A backup plan is one way to steer clear of stress.

Acceptance of the Inevitable:

Life throws many curves. Sometimes, no matter what happens, the business just doesn’t become a viable or profitable enterprise. If bankruptcy is imminent, the entrepreneur accepts it and doesn’t berate himself for his failure. Many entrepreneurs have found themselves in the depths of despair, only to rise again in a new venture that proved successful.

The rules of entrepreneurial stress relief is just the same as the rules for running a household or working for a job. Common sense, a cool head and living in the present can help anyone in business for themselves avoid the stresses that lead many to mental breakdown.

Patrick Mackaronis is the CEO and Founder of social network Brabble. He can best be reached on Brabble, or on Twitter at @patty__mack.