Hey every one,
Just realised that every one is talking about the current project which they are working on and I am kind of derailing their thread by talking about my ventures, so thought it will be better if I make one of my own thread and keep you guys updated on what I am doing.
So, from next month I will be free from my existing project. I was working on getting our companies accounts and everything ready for IPO submission in Asia, now they are being submitted so I task is done.
Now, I am coming back to London and taking on 3 new projects:-
1:- Creating a new menswear clothing brand.
I have already got the name and logo for it, need to get the trademark for them (any on in here got trademark of their brands in EU, Australia and USA?). Getting Uk trademark seems easy, but the international one seems pretty confusing, so I might have to call them up.
As for products selections, from day 1 we will be stocking 100 of products. I want to look professional from day 1 and one of the best way to look like a big brand is to have 100's of products from Jeans to t-shirt, shorts to jackets, underwear to accessories etc.
So far designing the t-shirt, now getting the jeans and trousers designed. For shorts and jackets we will just modify our existing items as they will fit in with our image.
How I am thinking of selling them? E-commerce website, ebay, amazon, existing wholesalers and retailers who buys from us, importers from abroad.
Launch time? I am guessing by 1st week of november I will have all the merchandise in our London warehouse.
What is the unique things about this menswear? The clothing's will be one of the most comfortable and best fitted clothing you have own. I know this personally as I have been making clothing (well using special sort of denim fabric and modifying the general size spec)for myself for last 7-8 years. Its very hard for me to wear other branded clothing and feel comfortable. At that time this idea came in to my mind, to create a brand of clothing which you will feel extremely comfortable to wear, stylish and mid range priced.
2:- Expanding our wholesale businesses abroad.
As you guys know, we have manufacturing factories and we also wholesale clothing in UK. Now, we are planning to expand. We will go to Eastern European countries such as Romania, Bulgaria, Hungary, Poland etc and build relationships with the wholesalers and big retailers, then they can stock our products.
We won't need offices in all those countries just now, as we have office and warehouse in UK so we can use that as base, however if we do see that our business is expanding and we will need to have a warehouse in those countries then we will have to get an office.
So in 2 weeks time, I will have to make cold calls or walk in to the retailers and wholesalers in those Eastern European countries and have to close deals. I know I will be rusty, as its been a while since I have done those cold sales, but hey, its going to be like tiger is finally going out to jungle from the zoo.
If any of you are pro in cold calls and walk in B2B sales then will appreciate some tips, as it will help me to clean out the rust quicker. Also, if any of you are in one those European countries then it will be helpful if you can guide me where those business are located and might even do some ventures together. After all, those are new countries for me.
At the same time, we will be going to Australia and USA. Now, I won't be covering Australia and USA this year as I will be stuck in Europe, so my dad will be flying there. Again, if any of you are in Autralia and LA then it will be good to talk and gather more data and brain storm about the ventures.
For USA and Australia we will have to do a bit of style research as fashion in Europe and rest of the world varies, so we will need to get ideas of the current trend and then we will make products accordingly.
You must have realised that I don't think about the price point that much, there is a reason for it, since we manufacture ourself so price wise no one can come near us if its like for like product.
So we are mainly looking for the style, quality and fit.
3:- Implementing new sales channels and streamlining the sales process of our UK wholesale operation.
My sister was running the UK show on her own, she was also studying law and couldn't give the business full attention. As a result, the sales guys thought it was christmas time and started stealing, getting lazy and doing their own side business while they were on our payroll.
We fired one and another is about to be shown the door as well as he is simply not performing.
So, I will have to get some new sales guys, make some changes to our wholesale e-commerce site as its not converting the traffic, start to do email marketing, sell the same items on retail (ebay, amazon and e-commerce) and organise the warehouse as they messed up the storage system, as a result it takes them ages to find things as a result they delay despatching the items to clients.
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Now, you guys will be thinking, am I crazy, how about my social life and everything. Well, this how I usually work, I will work like a maniac for 5-8 months and once everything is set then I will kick back for a bit, then will take on new adventures. Yes I know that it is quite a lot to take on board and it has been taking its toll on me over the last several weeks, since I have been going to bed at 5-6 am at night and getting up at 11 in the morning etc. But things will start to calm down once everything is in place.
You see, when you are building a multi storey building then everything goes crazy as you have 100s of things happening at the same time, 100's of problems are coming your way etc. But after 2-3 years when you have built the building then its peace and calm for at least 50-70 years.
Building new businesses are pretty much the same. If I am being honest, by my standard, I have had a pretty easy last 1-2 years, as it wasn't too much maniac work load when we were preparing our companies for IPO. And being a jungle tiger, I kind of got bored of that easy plain sailing, so thought lets take the boat out for some adventure ride. So here I am.
I am not doing any of these to become financially free, I became financially free 5-6 years ago. I am doing these things because I LOVE creating new things, I LOVE doing something that will give value to people and will make them better than what they are. I LOVE taking something which is not functioning and making it work.
Hope this thread will inspire some of you to take actions and go for your dream. Doesn't matter how far your destination is, you will have to start, without starting you are not going to go even an inch closer to your destination. So have no fear and go for it. World is your oyster.
Just realised that every one is talking about the current project which they are working on and I am kind of derailing their thread by talking about my ventures, so thought it will be better if I make one of my own thread and keep you guys updated on what I am doing.
So, from next month I will be free from my existing project. I was working on getting our companies accounts and everything ready for IPO submission in Asia, now they are being submitted so I task is done.
Now, I am coming back to London and taking on 3 new projects:-
1:- Creating a new menswear clothing brand.
I have already got the name and logo for it, need to get the trademark for them (any on in here got trademark of their brands in EU, Australia and USA?). Getting Uk trademark seems easy, but the international one seems pretty confusing, so I might have to call them up.
As for products selections, from day 1 we will be stocking 100 of products. I want to look professional from day 1 and one of the best way to look like a big brand is to have 100's of products from Jeans to t-shirt, shorts to jackets, underwear to accessories etc.
So far designing the t-shirt, now getting the jeans and trousers designed. For shorts and jackets we will just modify our existing items as they will fit in with our image.
How I am thinking of selling them? E-commerce website, ebay, amazon, existing wholesalers and retailers who buys from us, importers from abroad.
Launch time? I am guessing by 1st week of november I will have all the merchandise in our London warehouse.
What is the unique things about this menswear? The clothing's will be one of the most comfortable and best fitted clothing you have own. I know this personally as I have been making clothing (well using special sort of denim fabric and modifying the general size spec)for myself for last 7-8 years. Its very hard for me to wear other branded clothing and feel comfortable. At that time this idea came in to my mind, to create a brand of clothing which you will feel extremely comfortable to wear, stylish and mid range priced.
2:- Expanding our wholesale businesses abroad.
As you guys know, we have manufacturing factories and we also wholesale clothing in UK. Now, we are planning to expand. We will go to Eastern European countries such as Romania, Bulgaria, Hungary, Poland etc and build relationships with the wholesalers and big retailers, then they can stock our products.
We won't need offices in all those countries just now, as we have office and warehouse in UK so we can use that as base, however if we do see that our business is expanding and we will need to have a warehouse in those countries then we will have to get an office.
So in 2 weeks time, I will have to make cold calls or walk in to the retailers and wholesalers in those Eastern European countries and have to close deals. I know I will be rusty, as its been a while since I have done those cold sales, but hey, its going to be like tiger is finally going out to jungle from the zoo.
If any of you are pro in cold calls and walk in B2B sales then will appreciate some tips, as it will help me to clean out the rust quicker. Also, if any of you are in one those European countries then it will be helpful if you can guide me where those business are located and might even do some ventures together. After all, those are new countries for me.
At the same time, we will be going to Australia and USA. Now, I won't be covering Australia and USA this year as I will be stuck in Europe, so my dad will be flying there. Again, if any of you are in Autralia and LA then it will be good to talk and gather more data and brain storm about the ventures.
For USA and Australia we will have to do a bit of style research as fashion in Europe and rest of the world varies, so we will need to get ideas of the current trend and then we will make products accordingly.
You must have realised that I don't think about the price point that much, there is a reason for it, since we manufacture ourself so price wise no one can come near us if its like for like product.
So we are mainly looking for the style, quality and fit.
3:- Implementing new sales channels and streamlining the sales process of our UK wholesale operation.
My sister was running the UK show on her own, she was also studying law and couldn't give the business full attention. As a result, the sales guys thought it was christmas time and started stealing, getting lazy and doing their own side business while they were on our payroll.
We fired one and another is about to be shown the door as well as he is simply not performing.
So, I will have to get some new sales guys, make some changes to our wholesale e-commerce site as its not converting the traffic, start to do email marketing, sell the same items on retail (ebay, amazon and e-commerce) and organise the warehouse as they messed up the storage system, as a result it takes them ages to find things as a result they delay despatching the items to clients.
-------------------------------------------------------------------------------
Now, you guys will be thinking, am I crazy, how about my social life and everything. Well, this how I usually work, I will work like a maniac for 5-8 months and once everything is set then I will kick back for a bit, then will take on new adventures. Yes I know that it is quite a lot to take on board and it has been taking its toll on me over the last several weeks, since I have been going to bed at 5-6 am at night and getting up at 11 in the morning etc. But things will start to calm down once everything is in place.
You see, when you are building a multi storey building then everything goes crazy as you have 100s of things happening at the same time, 100's of problems are coming your way etc. But after 2-3 years when you have built the building then its peace and calm for at least 50-70 years.
Building new businesses are pretty much the same. If I am being honest, by my standard, I have had a pretty easy last 1-2 years, as it wasn't too much maniac work load when we were preparing our companies for IPO. And being a jungle tiger, I kind of got bored of that easy plain sailing, so thought lets take the boat out for some adventure ride. So here I am.
I am not doing any of these to become financially free, I became financially free 5-6 years ago. I am doing these things because I LOVE creating new things, I LOVE doing something that will give value to people and will make them better than what they are. I LOVE taking something which is not functioning and making it work.
Hope this thread will inspire some of you to take actions and go for your dream. Doesn't matter how far your destination is, you will have to start, without starting you are not going to go even an inch closer to your destination. So have no fear and go for it. World is your oyster.
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But seriously! Exciting!!
