Product Development

Life should be better

Volodimir Komanyuk College of Design and Economics,Modeling and designing of industrial products,Experience in work.

June 14th, 2019

Hello! At this stage, I have only a business idea. I have not written a business plan because I have no experience. The idea is to open a company for tailoring women's and men's clothing. At the moment I have no money or investors. Therefore, I will be glad for your support and help in implementing this idea. All of your advice will be accepted positively.

John McGillion co-founder LETSDo,Father, Georgetown, productivity enthusiast, CFA

June 14th, 2019

1. Salvation Army -- get some clothes that do not fit -- not just a pair of pants and a shirt, but perhaps a few of each. Perhaps, there's a woman in your life ... while perhaps not. Or a female friend? A relative that happens to be female? ...

What have you learned? What can you say about the differences in tailoring a pair of pants vs. a shirt? How about the differences you've noticed (and are able to talk about effectively) in tailoring men's clothes vs. women's clothes?

2. Start interviewing at some stores that tailor clothes. Perhaps, let this person know that one day you would like to own a store of your own. Try to find something that is not only your boss but willing to teach you, and perhaps help you reach your ultimate goal ....

3. Continue to learn, take action and learn from these experiences. Develop a certain aptitude and confidence that comes along with having learned everything there is to know about tailoring. Make sure to develop a full understanding.

4. During the day, be especially mindful of all of your experiences tailoring clothes. At night, think of all of the interesting questions that you may ask your customers about how you are doing and how you improve on the services you provide.

5.. Continue to work hard and ensure that you have really become something of an expert in tailoring clothes.

6. Ask for a pay raise and perhaps a management position.

7. If not, begin interviewing at other stores for a position in management.

8. Begin asking friends and family if they would like to invest in a store that you are opening while remembering too that opening a store is not easy. There are all sorts of things to consider. Remember to still be friendly with that original boss.

By now assuredly, you should have asked him or her on how he opened that first store, if not the second or third ... what sort of location was he or she looking for, what kind of lease did he sign, how much did it cost in renovating, how much time before opening? ...

What did they take away from their experiences? How about their competitors? Could you perhaps entertain the idea of buying them a coffee and asking them as well.

9. Learn everything you can -- there are lots of resources and people who have experiences in such ventures willing to help ... Make sure to look at everything you can online.

10. Believe in yourself because you can do it. But make sure you do it smart. Learn everything there is to learn first. Do your best.

And best of luck. I know you will do it :-) ...

Paul Garcia marketing exec & business advisor

June 21st, 2019

In previous generations a tailor was a primary source of clothing. Now we have countless apparel retailers and think of tailoring mostly for alterations/repairs or for custom work.

Even the repair business is limited to articles of apparel that cost enough to justify the expense of fixing versus replacement.

So you find alterations and repairs typically centered around dry cleaning businesses that have a captive audience of customers who have clothes expensive enough that they get them professionally cleaned. And then you have the retailers that sell clothing so expensive that making alterations or custom fitting is a reasonable portion of the cost of the item in the first place.

Lastly you have a more recent collection of tailoring that targets the business professional customer and sells bespoke apparel by appointment. They have some basic styles but all pieces are custom-fit (collars, cuffs, hems, lapels, skirt length, etc.) assembling the patterned bits into finished pieces. The prices for these bespoke items stay reasonable (compared to a decent retailer) because they do not have the expense of inventory or showrooms, just labor and materials.

So, I'm not sure which model you find most appealing, but the three models customers are familiar with already exist and you can learn a lot from any one of them by observing or working with any of those.

A good tailor is hard to find. Typical problems with tailoring are the time it takes to get the work done, the need to measure, language barriers in communicating with the tailor, and volume. For example, I have a closet full of a couple dozen men's blazers that I inherited. They're all the right "size" but none of them fit properly. If I took them for alteration at a dry cleaner, it would be a very long process and probably cost as much as replacing the entire collection. If I knew a tailor, I could work out a collective price to have all the jackets updated and fit to the same measure, maybe even some of the styles updated. While it might not be any less costly than the dry cleaner, it would be establishing a relationship with a tailor, not just piece work charged by the seam with someone who has no interest in my continued happiness.

The tailors who make bespoke suits have no interest in reworking my existing wardrobe. So there's my gap. I don't have a tailor, and I continue to have a couple dozen blazers I never wear because none of them fit quite right. I hate to toss them because they cost a fortune new. But I also don't get to use them because there's no good place to tailor them. So what do I do, donate them?

Anyway, I've gone off on my own tangent.

My instruction to you is that you don't need to have experience to write a business plan. Most people don't. But you do need to follow the logical steps and do the research required to do a business plan the right way. Here is a place to start.

Even if your objective is not to raise money, having a business plan prevents you from making critical mistakes. Keep in your head that a business plan is not a static document. It needs to be updated over time as you continue to make discoveries and adjust to reality. It's a living document.

You have unlimited time to plan. Starting without a plan is also called planning to fail. Go work for someone else as a tailor if necessary to see how other operations work. You can always leave when you feel ready to do your own thing.

Volodimir Komanyuk College of Design and Economics,Modeling and designing of industrial products,Experience in work.

June 14th, 2019

Oh, thank you. I learned a lot. About sewing and about all possible sewing options. I worked in this area of ​​activity. And I understand that I need to get to the market somewhere and this is the main question. Because I do not know where to look for a way out for selling products. Renting a room and buying and repairing is another matter, if you know where your products will go to the market, it's easier to find a room and rent it.

Volodimir Komanyuk College of Design and Economics,Modeling and designing of industrial products,Experience in work.

June 21st, 2019

Thank you, Paul Garcia for help and advice

Volodimir Komanyuk College of Design and Economics,Modeling and designing of industrial products,Experience in work.

Last updated on June 21st, 2019