Spilling a Little Tea, Lessons Learned from my First Business Partnership


It's really hard right now, if I'm being honest. I guess, I will be the first to tell you that one of my business partners has decided to leave our partnership. I want to keep the supporters of Cosmic Ascent Jewelry up to date on what is going on. As of right now, Cosmic Ascent Jewelry is an LLC partnership between Zamara and Shelly Bennett. You can expect to see lot's of changes since we have separated from our former business partner, but first and foremost obviously expect to see updates to our about us and team bio page on our website. I don't feel it's the right time to disclose all of the details, so we'll save that tea and sip on it later. Who would've known that starting a handmade jewelry business could mean juggling so many different things? In this blog post, I want to talk to you about what I'm reflecting on, how I'm keeping on in the present, and what I'm looking forward to in the future.


Reflections


Looking back on things now there are a few things I wish I'd realized about myself and about starting a business partnership. I can see now that after starting this business in 2019, by 2020 I'd lost a little steam doing everything myself.


I think that I was so excited to have someone to share this journey with, I threw a lot of caution to the wind.


Don't get me wrong, I'm greatful to my partner for what she was able to help me with in redesigning my logo and establishing an ecommerce presence online. Still, along the way of sharing my vision with my partner I was reinvigorated by my passion for Cosmic Ascent Jewelry and the jewelry industry as a whole. I can't help but see some situations between us could've worked out smoother if my vision was more solidified from the start -- though I don't think a lack of vision alone was enough to sink the partnership entirely. I wish I would've listened to more conventional advice and started simple rather than diving into a business partnership headfirst with someone I didn't know very well, though I did expect the relationship to endure because of family ties (my partner was my cousin). Expectations and specifications about each partner's contributions and a formalized exit strategy would be best to have outlined from the formation of our business license. Luckily my partner hasn't threatened me with any outrageous legal actions or demanded financial compensation from me -- She just up and quit on me, which somehow feels worse when I stop to think about it.

Ultimately, it's hard to give my honest opinion without holding my previous partner in bad faith... However, the fact that she quit after I gave her constructive critiscim and had put up with so many of her critiques (even when they were somewhat misplaced), along with several other experiences throughout the relationship that should have been red flags.



Moving Forward


I'm excited to have my voice and my brand back, to get back to what I love doing with my jewelry and building Cosmic Ascent into the social enterprise I've been inspired to create for many years now. I am also really excited to share more about my personal story and experiences!

I'm planning a lot of exciting new things, once I get my bearings handling the basics. I am waiting for a tripod to arrive so that I can do instagram, youtube, and facebook livestreams showing off some of my designs, creating some tutorials, and of course dishing more intimate details on starting and sustaining Cosmic Ascent and Cosmic Ascent LLC.



Some good news? The Andromeda Series completely sold out, and I haven't been able to find the correct beads to fully replace the designs...

That means there will be new products coming in for the Andromeda Series for Cosmic Ascent's Constellation Collection! There will be additional designs coming into the Pegasus Series as well.



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@cosmicascentjewelry