One time during this semester when I failed was when I tried to start a clothing site. My friend approached me and another mutual friend and said he wanted to start a vintage clothing store. We would look for clothes, and then post them online on instagram to try to sell them. We thought it was a good idea, came up with a name and started working. I made the website, and my friend went and found clothes and posted them. I say this was a failure because that was the last time we did any meaningful work on the project. We realized how many other brands had similar ideas, and realized without some niche or extremely high quality clothing, we were very unlikely to succeed. We still may revamp the project, but as of right now it seems like a crowded industry that is hard to stand out in without some distinct advantage,
I learned that one should always have more of a concrete plan before going headfirst into starting a business. Also, that you should do more research before starting a clothing company. Additionally, I realized that unless your all in on an idea and you really think it will be succesful, you probably shouldn't do it. If I was truly passionate about starting a clothing company, I would likely have put far more effort into making it work, but since it wasn't something I cared about I could drop it without feeling guilty. I think failure is a neccesary evil in life. It might cause us distress but it ultimately teaches us and shows us that we did something in correctly. I try to live by the motto that if you just keep showing up and doing something, no matter what it is, eventually you'll get much better at that something.
Hi Nick,
ReplyDeleteI found it interesting reading about your vintage clothing venture idea. I think it's good that you and your partner recognized early on that it was a very competitive industry and that the odds of succeeding were low. It seems like this allowed you to exit at a good time, before it was too late. Thanks for sharing.