Wednesday, May 2, 2012

EOC Exercise: Chapter 5


My professional plans for the future is to hopefully one day own my own boutique store on Kaua’i, Hawai’i; where I’m originally from. It would have women’s wear, swim wear, shoes and accessories and possibly later on it would carry men’s apparel. I would also be selling clothes that I sew myself. If this doesn’t work out, I would have a brick and mortar store. To makes these plans happen, I would need to create a business plan that I already have. I would also need to invest in a lot of money! I would need to find a perfect location, figure out how much inventory I need and get more educated on the ins and outs of a business. Some stumbling blocks that I think I will have to clear along the way is money issues and seeing if this business will fail or succeed. Also, I would need to see if I have enough cash flow to keep the business up and running. To reach this goal I think it would take about 2-3 years for planning, finalizing everything and getting it up and running.
Besides being a business owner, I would like to get into event and fashion show production. I am very interested in running fashion shows and or fashion events. I find it very fun since I love to plan and get creative. To make these plans happen, I need to surround myself around people that have been doing these for a while. I need to get to know people and try to get into the industry. I need to get my foot in the door and get a lot of experience. This could also be helpful if I do decide to own my own boutique because I can plan my own events or fashions shows for my store. That would be a dream! Some stumbling blocks that I would have to clear along the way is knowing how to work around people, being able to trust them to do the job right and trying to put on an event or show that a clientele visions. To reach this goal would probably take 1-2 years, depending on if you can get a good job in this industry.

"When you reach an obstacle, turn it into an opportunity. You have the choice. You can overcome and be a winner, or you can allow it to overcome you and be a loser. The choice is yours and yours alone. Refuse to throw in the towel. Go that extra mile that failures refuse to travel. It is far better to be exhausted from success than to be rested from failure."
- Mary Kay Ash, founder of Mary Kay Cosmetics (http://entrepreneurs.about.com/od/famousentrepreneurs/a/quotations.htm)

"The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it."
- Debbi Fields, founder of Mrs. Fields Cookies (http://entrepreneurs.about.com/od/famousentrepreneurs/a/quotations.htm)

"Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make."
- Donald Trump (http://entrepreneurs.about.com/od/famousentrepreneurs/a/quotations.htm)

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