Friday, April 22, 2011

Buy or Lease...The Latest Dilemma

Numark Gallery | Sale or LeaseImage by DavidSC78 via FlickrMy 'other life' is that of a professional 'purchaser' - actually the term changes with the wind, buyer, purchaser, procurement specialist, supply chain manager... Regardless, those skills are extremely helpful to a small business - I've done business planning, supply chain planning (getting the goods here), contract negotiations - hopefully that means great prices on yarn :)

As of Wednesday, my doctor put me on a week's 'rest'...so what do I do? I'm contemplating whether I should buy or lease a retail space for the yarn store. For the last year, I was looking at buying, just so I controlled the monthly costs (ie mortgage), and built equity into 'my space' over time. Unfortunately in the area I'm looking, nothing 'for sale' has been a good space for yarn & coffee. Then someone suggested that it may be worth considering a multi-unit small building that is for sale or even building one .

However, there is a lot to be said about leasing too. Many successful yarn stores wish to only pay rent rather than own. They manage startup cashflow in that they don't have a downpayment to make, and leasehold improvements (fixing up the space) can be negotiated into the monthly rent over the course of the lease (ie pay it back over 3-5yrs). My issue with this option is the changing numbers on an annual basis - you negotiate the lease (going rate varies $10-$15/sq foot), then each year the operating/management fees change - another monthly cost...

Many variables. Ownership involves sacrifices with the biggest payback. Renting frees up the cash for a better startup.

Different strokes for different folks.
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Monday, April 18, 2011

Stitcher Nights in #yyj

A hanging flower basket on the street in Victo...Image via WikipediaAnother list from my JDF Recreation knitting classes - I hate to set my beginner knitters free without some support. The first week of class I give them links to videos, how-to websites in case they need some extra help until the next class. But, when we are nearing the end of classes, of course I encourage them to join a weekly Stitch N Bitch or the like!

So, I give you the 'current as of January 2011' list of knitting groups in Victoria, BC - note these groups keep moving around, not all are listed in one single place...so I will have to keep updating this list! As I always advise the beginners, 'call to confirm/don't make a special trip' just in case the group folded/moved.

SUNDAY

Afternoon Stitch 'N' Bitch
Union Pacific Cafe on Herald Street

MONDAY

Coffee & Chat
Koffi at Haultain & Belmont in Fernwood
Monday 2-4 p.m.


TUESDAY

Bitchy Bees
Cornerstone Cafe at Gladstone/Fernwood
Tuesday Evening 6-8 pm

WEDNESDAY

Victoria Knitters' Guild
First and Third Wednesday mornings 9:30-11:30
St. Aidan's Church Hall

Arts and Crafts Night
Logan's Pub at Cook and Caledonia
Wednesday Evening (note some evenings are ‘special events’, so check first)


6 - 8pm Savoury, coffee shop at 1841 Oak Bay Ave.


7 - 9pm Starbucks at Gorge and Tillicum (beside Rogers and the Liquor store)


Victoria Knitters’ Guild

2nd & 4th Wed Evening 7:00-9:00pm

Saanich Commonwealth Place – Douglas Fir Room


THURSDAY

Stitchers Night ON HIATUS
Coast Collective
7:00 – 8:30 p.m.

email stringandbeans @ telus . net if interested in knowing when we restart


FRIDAY

Knit 'N Cafe
Serious Coffee in the Cook Street Village
Friday 1-4:00 p.m.


Beehive Wool Shop "Friday Night Knitting"
1700 Douglas Street
5:00-7:30 pm on Friday evening


Bitchy Bees
Serious Coffee at Cook/Oxford
Friday Evening 6-8 pm


ONCE A MONTH

Fibre Fun Social Nights

Knotty By Nature Fibre Arts

6-9pm (3rd Friday of the month)


edited Apr 23 to add 2 more listings for Wed evenings

edited May 31 to update Thurs nights (on Hiatus)

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Friday, April 15, 2011

#yyj Knitters: Knitting for Others

Description: Photo of knitted hat, yarn, and k...Image via Wikipedia

Considering this is the last day of National Volunteer Week, I thought I'd post a piece from my Beginner's Knitting Class handouts on Knitting for others.

Knitting for charities is a great way to practice on small projects, and the charities are very appreciative of your efforts. Some groups even provide wool, needles and patterns in exchange for your knitting time!

Facecloths

James Bay Child Care Society – daycare centre

Our Place – for showers

Canada Comforts – for Haiti

Socks for Soldiers – for overseas soldier care packages

Baby Hats

Victoria General Hospital

Welcome Wagon

Knit Slippers

- Royal Jubilee Hospital


Community Knitters – Marilyn Guille has a group/listing of charities across Canada, and also coordinates pickup/dropoffs via Knotty by Nature Fibre Arts - http://www.communityknitters.com/


Below are some organizations for which the Victoria Knitter’s Guild coordinates pickup/dropoffs:

Afghansforafghans.org Woolen items as requested at website.

Canada Comforts Baby/children’s sweaters, hats blankets, any fibre.

Blankets for Canada 8”X8” washable squares; help assembling too. http://www.blankets4canada.ca/

Mex Tit Bits These are breast prostheses for women in Mexico who have had mastectomies. More information below from the coordinator of this project. In the meantime, you can knit some tit bits from this Knitty pattern if you are interested.

http://www.knitty.com/ISSUEfall05/PATTbits.html

Or you can take a look at some ideas here:

http://www.titbits.ca/v1/tb_shop.html

Royal Jubilee Hospital Gift Shop Slippers, baby and children’s sweaters, just about any lovely knitting, except plain toques for children; they have plenty of these plain hats right now. Other stylish hats, any size, would also be welcome.

VGH Mother-Babe Unit Hats for newborns.

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