Wednesday, January 13, 2016

Almost...

The time we have had in this class has been a rollercoaster of emotions. Peter and I were stuck at one point, and we thought we would be failures, but you know what, we proved ourselves wrong. In a sense, we failed to create a very successful business. We were given a budget for our idea of $250 from the school in hopes that we would make all of the money back. We spent $227.10 in grand total on the domain for our website, the website provider, and our first order of shirts. We made back only $140 of the nearly $170 that we spent on ordering the actual t-shirts, which was slightly a let down because we had the capability to earn $360 in total from our first order. It was not that there was a lack of interest, we just had problems distributing the t-shirts to our customers, and that is what really hurt us. The fact that we created a business with an actual interesting product though is quite exciting. From starting our own business, we have learned what it really takes to be successful in this clothing industry, and that can success in this field can be summed down to basically time, money, and a good idea that will sell. We failed to meet some of those things, which ultimately lead to us being not as successful as we planned to be. My advice to future entrepreneurs is to never give up on your idea. We gave up on our original idea, which was to create a clothing company, but we decided to put in the time and effort, and we made one. Successful entrepreneurs are ones who know their idea is good and will never give up on it until they are successful in doing so. Through this class, I as well as Peter have learned that concept of determination in the field of business, and we will use what we have learned in whatever we decide to do with our future careers. We are very grateful that this school has given us the opportunity to open our eyes to what it is really like being an entrepreneur. It has been a great run.

-Duncan and Peter of The Northern Virginia Clothing Company

www.novaclothingcompany.com


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