The last three months since ending the Sat Nam babe crowdfunding campaign and transitioning into figuring out how to run a company have been super eventful, to say the least, more so from Memorial Day up through today. A few of the entertaining stories captured here, as I launch my first company and manage the naysayers who want to be helpers (which only gives me more ammunition to work with, let’s be real here!)
June events came and went – a yoga festival in Cold Spring Memorial Day weekend, two small pop up shop events during toddler yoga and at a toy store, as well as the infamous Brooklyn Artists & Fleas. What did I learn from these adventures? Customers are insanely fickle people. They only want the harem pants I still have yet to have in stock, but ah we’re close! They don’t know any kids (come on, everyone knows some kid) or they may have a baby shower coming up in the next 6 months and will without the shadow of a doubt, buy something on Sat Nam babe for that shower.
Yup, heard it all already, but the learning from these events is to pivot and spend more time building my Instagram and online following where I can sell direct to consumer from anywhere in the country (+ world). So besides Sat Nam Fest where I am pumped to be a vendor next month and surrounded by my kundalini peeps and potentially Wanderlust Brooklyn where we are on the vendor wait list (I will take it! This festival is SO worth it) likely slowing down the in-person events and focusing online, building a following and wooing people with the cuteness of our clothes.
Entrepreneur lesson learned: Taken right from the Lean Startup book – pivot early and often, when it makes sense!
Speaking of clothes – harem pants in particular – this experience of getting one pair of pants made properly has been the bane of my existence as a new entrepreneur. Ah yes they are so cute, BUT I should have taken the time up front to properly source suppliers in the U.S. to better manage the process. It’s nearly impossible to deal with the India factory with a 9+ hour time difference and I can only describe the situation of getting those pants out of the factory as a two month long dragged out hostage situation of sorts. It’s like a non-stop constant negotiation going nowhere. BUT this week, I decided, I’m getting those G**D*mn pants if I need to fly to India to get them directly. Yeah that’s been super fun BUT YES, so close to getting those pants done.
Entrepreneur lesson learned: Do not trust others, even when they have the best of intentions and are considered experts in their line of work, to manage any part of your business in the beginning. I took this recommendation from someone I trusted and should have gone with my gut to fully produce in the U.S.
Two interesting convos in the last 10 days. One with an investor who invests in consumer products. I’ll spare you the excitement of our phone call (the short of it is I need to work on a business model) BUT the one comment I found interesting is that this person almost expected me to be in a different place in my company, i.e. she called it a mom and pop shop right now. I totally agree, as we are just starting out, but how else do you start unless your last name is von Furstenberg or Armani? She essentially said I was on the right path, but I need a business model. Got it, yes!
Entrepreneur lesson learned: Be really proud of where you are right now. Launching a company is a process and a half and it takes time to scale and see bigger long term picture.
The last convo happened two days ago and I’m still scratching my head a bit. My friend told me to check out this mentor program here in NYC. I had a phone call with a guy who is a retired fashion industry executive. First off, within 2 minutes of the conversation, he deemed me not fit to launch a fashion company (“what business do you have launching a fashion company? You have no technical fashion background…”) When he wasn’t interjecting every 30 seconds with his own glory days story of working in high fashion, I managed to get in that I was a fashion design minor, worked at Saks for DvF (of course he knew her) AND come from a PR and marketing background. “Ok I feel better now, you have a marketing background. You’ll be fine…” Um, ok buddy…I’m sure things have changed a bit over the years of working in this industry.
Entrepreneur lesson learned: Take everything people say with a grain of salt and keep that thick skin to get through these interesting conversations!
I’m semi-joking throughout this entire post, but in reality, I have to make light of it and keep to the vision I have for the company. Yes, it’s going to take pivoting, time, resources and more, but I have grit and am willing to see it through within reason to see how high I can fly!
Visit http://www.satnambabe.com to see what we’re all about.