When the pandemic hit, many businesses took a big, disastrous hit. But this era hasn’t been a disaster for all businesses. For some, the pandemic era has been a golden age of growth. For others, it has been a time when personal passions have been turned into businesses that have helped communities and turned great […]
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When the pandemic hit, many businesses took a big, disastrous hit.
But this era hasn’t been a disaster for all businesses. For some, the pandemic era has been a golden age of growth. For others, it has been a time when personal passions have been turned into businesses that have helped communities and turned great profits.
It’s being called the age of the “passion economy.”
During the recent Black Business Expo and Health Fair at SouthPark Mall, Moline, dozens of entrepreneurs set up booths to sell their various goods. Of those small businesses, about 90% represented the “passion economy,” said Tracy Singleton, CEO of the QC Empowerment Network, the event’s organizer.
That is, they are people who took their passions – such as hobbies or favorite activities – and turned them into money-making businesses during the pandemic.
Many of those businesses started during the pandemic when people were stuck in their homes, perhaps bored, sometimes tired of family members, and were looking for something creative to do, Ms. Singleton added.
In other situations, “passion economy” businesses grew out of the need to find, or create, work during the pandemic’s uncertain times.
During the early days of COVID-19, scores of workers were forced out of their jobs as businesses closed. Many used that time to reflect on their lives and decided to take more control of their lives on the job, according to Tom Trone, chairman of Quad Cities chapter of SCORE, a network of business mentors who help people start or expand businesses.
Mr. Trone added that local SCORE mentors have helped more than a record 800 new entrepreneurs with their business plans during the pandemic years. In 2020, the QC chapter helped clients start 82 new businesses and create 97 new jobs, according to the group’s website.
He added that the fastest growing segments of SCORE’s clients – and new business owners – include women and minorities.
“They find that owning a business gives you flexibility… They are finding that the ‘sky is the limit’ when you own your own business,” he added.
But getting to those lofty heights takes a lot of work and being flexible to the changing times. Mr. Trone said that one of the top lessons for people in the passion economy is to make sure they are connected to online digital platforms, or the “virtual world.”
“If you are a small business and not in the virtual world … you won’t be in business for long. If you don’t change, you will be gone,” he said.
Over the past few weeks, the QCBJ interviewed several local entrepreneurs who entered the passion economy by either starting or expanding their businesses amid the pandemic. We wanted to find out their goals, experiences and success stories as well their mistakes and advice for others looking to enter the passion economy.
Here are a few of their stories:
Mechelle Williams: MJ’s Creative Candles
When the pandemic hit, Mechelle Williams took $5,000 – “that was all my savings” – and followed her dream. The Davenport woman created a home-based candle business called MJ’s Creative Candles. (The “MJ” in her business name comes from two of her children: her son Marteze,15, and daughter Jazden, 18.)
“We have combined our talent and love of art, creativity, and things that smell good to not just simply make you a candle, but create one. All of our candles are hand poured using only the most quality of ingredients. … To achieve optimal scents, our products cure from two to three weeks – making every candle creation worth your patience,” according to the company’s website at www.mjcreativecandles.com.
A quick look at the website shows some of her many candles including Blueberry Bliss, Strawberry Delight, Candy Corn, Peach Cobbler and Berry Delight (both in the shapes of small pies), and White Tea, Sage and Ginger – that’s Ms. Williams’ favorite.
“But if you ask me next month, it will be a different (favorite) candle,” she said with a laugh.
The prices for the candles range from $15 to about $22.
She added that the family’s candle business got off to a simple start when the pandemic hit two years ago. “We always liked burning candles, and when COVID hit, we were stuck at home. So, this happened,” she said.
The family members began making candles and worked to find customers by going to business expos, craft fairs, school events and more. At each event, they made it a point to network with others in the business world, and at one event, they met a Hy-Vee grocery store representative. That meeting helped get MJ’s Creative Candles into the Hy-Vee store at 2351 W. Locust St., Davenport, with plans to go into the Hy-Vee in Moline.
“Going into Hy-Vee has been a huge platform for us,” she said.
Ms. Williams added that her family’s candle business is doing great. The business sells 500-700 candles a month; continues to attend and sell at business expos and other events; and is looking to expand this year.
When sales began to increase, she said to herself “I think we are on to something. … We have found our niche.”
One of her major goals this year is to open a storefront to sell the creative candles and create a “candle bar” so people can make their own candle creations. She also wants to make a lot more candles. MJ’s Creative Candles aren’t exactly mass produced, but Ms. Williams said that she wants to have more candles on hand so she has a bigger inventory for the many expos during the year.
“A lot of people who buy our candles say they are just too pretty to melt,” she added.
Ms. Williams’ top advice for people thinking about getting into the passion economy is:
- Start with a good business plan.
- Organize your money and your time.
- Surround yourself with uplifting people.
- Don’t be afraid to make mistakes. “I don’t even call them ’mistakes’. I call them ‘learning steps.’ I have learned what didn’t work,” she added.
- Do your market research before opening a store. Ask yourself this top question: Is there a need for your services?
- Be sure to have a solid business plan.
- Be sure you have great customer service skills.
- Make sure your business has an online presence.
- Advertise your business. Ms. Barnett has an active advertising campaign for The Catalina Rose Boutique.
- Ask people already in the business for help. Don’t be afraid to approach them and ask for tips.
- Get out in the community and get started.
- Plan a budget for your project – and double it. The supply chain issues will mean your business will be paying more for just about everything.
- Find a business mentor to help you with the business. “I have a really good village” of friends and family members who help this business, she said.
- Surround yourself with good, positive people. “That’s how your dream comes true,” she added.
- It’s OK to have doubts about the project or business.