Martwayne | Power Through Fashion: The Importance of Investing in Yourself...

Monday, May 21, 2012

The Importance of Investing in Yourself...


FINALLY!!!!  It appears I'm back on board!  I'm trying out a new ISP and I sincerely hope this one's much better than the last one.  Goodness!  The past few weeks have been SUCH a challenge!


Great!  So here I am talking about the importance of investing in yourself today.  Perhaps stemming from the fact that I started a new stream of our in-house Foundation Course in Fashion Design on Saturday and as always, it was great and I received raving reviews from the participants.  But also because for every single time I get a registration for one of my courses, I know the person made a good investment, in fact the best investment of all.... investing in themselves!



SO... in preparation for Volume 4 of our Fashion Entrepreneurship Course with its theme:  How to Start Your Own Clothing Line: A Look at the Clothing Production Process", I would like to discuss the benefits of investing in the knowledge required to set up any fashion establishment AND implore anyone who would like to run a business on the importance of getting the requisite skills and the relevant knowledge necessary to operate in that industry.


So there I was going through my previous blog, t-twayne.blogspot.com, when I stumbled upon one of my favourite posts, "Do You Really Need to Study Fashion Design to Succeed in the Fashion Industry?" http://www.t-twayne.blogspot.com/2008/02/do-you-really-need-to-study-fashion.html


A pretty freaky image yes I know but please focus on the message passed across in the picture.  


Now when I wrote the post, I knew going to fashion school was the best decision I ever made.  BUT I still felt the need to challenge that mindset, after all... some of the richest men in the world today dropped out of school.  In fact, Ralph Lauren didn't go to fashion school yet made loads of money from the fashion industry.  So why exactly is getting the knowledge in the chosen field necessary I wonder?!  

Truth is, yes many of these people may have dropped out of school or other forms of formal education but many of them, if not all, must have invested a lot of time and money getting all the knowledge they possibly could to excel in their chosen field.  Take for example, Dr Maduka of the Coscharis Group.  Yes he may not have completed Elementary 3 BUT he spent years as an apprentice learning all the tricks of his trade and spent time studying his industry before setting up in his own.  

Let's bring it home to the fashion industry.  Case Study:  Mrs Nike Ogunlesi of Ruff N Tumble.  She also dropped out of school but had spent years working with her mother and therefore thoroughly understood the trade.  Needless to say that every speaker at the  Creative Business Expo 2012, Lola Maja-Okojevoh of Sacred Group, Orighoye Dore-Job of Nylah's Catering and Babasola Bamiro of Babz Bamiro Photography and, of course I :-D, left promising degrees and career paths to pursue completely different fields BUT still went back to school to get the relevant knowledge before broaching their new areas.  


NOW!  I have spoken to many designers who believe their love for fashion and the fact that they can sketch is really all they need to start a fashion business.  HA!  I only wish.  Yes your love for fashion goes a long way.... it is all that will keep you going when the going gets tough but it is not enough!  Even those who studied it in formal environments, backed with our work experience STILL face those challenges.  After all, that's why even the most successful businesses like Coca-cola still spend so much time and money rebranding themselves.  But you know what?!  When we hit the roadblocks, we knew when to bow out and choose different routes.


I also say, when you thoroughly understand fashion, your clients will feed off the confidence and enthusiasm you exude when you talk about your product or service.  More often than not, people want to patronise those they can trust and who seem to know what they are talking about.  They also want people to advise them based on informed decisions and conclusions reached rather than just gut feeling.  If you understand fashion and colours for example, you can explain why certain colours will not work for certain people and certain spaces simply because you understand the psychological effects of colour.  Those who attended FEC 3 will tell you that.


I recall extracts from a 4-part series from my church's sermons, "The 7 Principles Jews Teach Their Children" and the reason for the success of the Jews.  I learnt a lot from those cds and have listened to them so many times, I know them by heart.  I have even bought them as gifts for people simply because it highlights many things small businesses often neglect and take for granted.  One of the most important things I gained from sermons was the fact that Jews ALWAYS invested in the knowledge or gained relevant work experience in whatever field they chose to operate in.  They would rather take a loan to fund their education than buy expensive cars or live in expensive houses.  Needless to say that almost every successful business person would tell you that they read, read and read, conduct lots of research to broaden their minds and attend various seminars relevant to their chosen fields.


So why oh why do we fashion designers in this environment not do the same?!  Why do we hesitate to register for courses or buy books or conduct research on the internet.  Why do we rush into setting up our businesses without studying our environment or conducting proper research before we set up.  We need to understand the processes involved in setting up the businesses and that is why I decided to run the Fashion Entrepreneurship Courses.  Yes it is costing me a lot to run the courses but for me, every single time a designer tells me they are quitting, it breaks my heart because I know there is so much money to make from this industry.  If only they were better prepared for the challenges they would face and there are a lot of them.  


What many of us concern ourselves with is learning how to sew.... and yes it is important but trust me, it is the least of our problems.  Yes we need to learn how to sew but not because we should actually sew but because the knowledge is important to guide our production team.  We need to focus more on running our businesses and conducting research and spending more time planning and developing our product than rushing into setting up or bothering about PR and lookbooks.   I have seen so many people who loved fashion quit the industry out of frustration.  Why?!  Simply because they made some avoidable mistakes.  Hey!  Even I made a lot of mistakes with all the formal education and accounting background I had but I was able to realize the mistakes I made early on in the game and backtrack.  


So what am I saying in a nutshell?  Simple!




1.  Spend more time investing in the knowledge, either a formal or informal education, registering for relevant courses such as the Fashion Entrepreneurship Courses [;-D I just had to chip that in hehe] or even surfing the internet.  You will be amazed what the University of Google has to offer.


2.  Focus on turning that amazing love and passion of yours for fashion into a viable business!  As my friend always says, "Unless the Outcome is Income..." - passion to me is completely useless!  So even if it is a mere hobby, think about making some money from it, even if it is just to cover your costs.


3.  Proverbs 21:5   


"The plans of the diligent lead surely to plenty; 
but those of everyone who is hasty surely to poverty".

What does this mean?!  Do not rush into setting up your fashion business.  Study the industry and form strategic networks necessary to establish the business in the most cost-effective manner.  I spent 2 years trying to understand the industry so I could know how to plug into the industry and where to position myself.  And it is still work in progress.  Learn as much as you can and apply the knowledge and principles of whatever work experience you have, even if you are a banker or IT specialist, in your fashion establishment.

Great then!  That's my 2 cents for today!  Remember, knowledge is power!  So invest in yourself and register early for FEC 4 so you can get your discounts.  Trust me, it will be time and money well spent!


Cheers and I look forward to seeing you all on Saturday!!

Oh PS.  I stumbled upon these sites when searching for images on the net.  I'm sure they'll help you.

8 comments:

  1. Hello Friends.........

    Great information.Thanks for sharing this useful information with all of us.Keep sharing more in the future.

    Have a nice time ahead.

    Thanks

    Fashion Design Course

    ReplyDelete
  2. What I find about most fashion designers is that they are more interested in the creative than the commercial and maybe just maybe they need to partner with a commercial person to take their business to the next level.

    ReplyDelete
    Replies
    1. SOOOOO true! Guilty as charged! We get carried away by the wrong things and start to lose focus when we gain some form of recognition for our work. But the sad things is, many commercial people don't take us seriously and I can't really blame them. Until we get our act together, no one will take us seriously.

      Delete
  3. Great Ideas, its it said that the largest room in the world is the room for improvement. If we must make progress in business,social and family life then the need for continuous self improvement must be a top priority.
    Visit Niajabizcom for business and money making Ideas in Nigeria

    ReplyDelete
  4. You have spoken..oops written well.In the words of David Oyedepo: When we are not informed we become deformed.

    ReplyDelete
    Replies
    1. Word! Spoken by a truly wise leader...

      Many thanks for that contribution!

      Delete

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