HAVING THOSE EXTRA FUNDS SET ASIDE IN YOUR BANK ACCOUNT CAN HELP YOU BECOME A SUCCESSFUL FASHION ENTREPRENEUR

19 Mar HAVING THOSE EXTRA FUNDS SET ASIDE IN YOUR BANK ACCOUNT CAN HELP YOU BECOME A SUCCESSFUL FASHION ENTREPRENEUR

Many of the Forbes Millionaires and Billionaires are entrepreneurs, which is the fastest way of getting rich. In order to become wealthy, do not invest all of your money in education! This is the biggest mistake that most fashion graduates make. You should always set aside as many funds as possible in your bank account for your future needs. As you probably know already, no fashion school will guarantee you employment upon your graduation. Many graduates assume that, when they graduate from their fashion design program, somebody will hand them a well-paying job on a silver platter. In reality, that will never happen, and, in fact, many fashion institutions will tell you, initially, that they provide everyone who enrolls in their fashion design program with a lifetime job placement; unfortunately, that is a lie. The truth is that no fashion institution has any real connection to the garment manufacturing industry in North America or in Southeast Asia. In fact, many garment factories around the world have never even heard of the fashion institution from which you graduated! The real irony here is that the majority of fashion instructors do not speak any Southeast Asian language, such as Indonesian, Thai, Vietnamese, Laotian, Cambodian, Cantonese, Mandarin, etc., so how could they possibly help you get a job or assist you in setting up your business, when they do not speak any of those languages?

If you have done your research thoroughly, you will find that all fashion universities and colleges only have a Plan A for your future, and that is to take all of the money from your bank account and get you into debt with a huge student loan. Sadly, many fashion graduates are stuck in this inertia, where they will end up working in coffee shops or go back to their old retail sales job, so they can repay their huge student loan. This is because (1) they do not have a Plan B – real technical skills to fall back on – and (2) they do not have a Plan C – having money set aside to start their own fashion business because their fashion school has taken all of their money.

Now, had you not handed over all of your hard-earned money to a fashion institution by the time you graduated from school, and you had a $10,000 to $30,000 reserve fund set aside in your bank account, the sky is the limit with what you could have done. You could have started your own fashion business and, possibly, become a rich fashion business entrepreneur by now!

Once you become a fashion entrepreneur, you no longer have to worry whether you have a job tomorrow or the next day because, now, you can count on your own technical skills and experience to make money anywhere in the world. You no longer have to work in a toxic office or retail environment; you no longer have to deal with your old boss and superiors, who think they are as high as the sky and the people who work below them are as low as the ground. Why work hard to make someone else richer, when you could work harder for yourself and build your own profitable business? When you are a fashion entrepreneur, you have the power to change your own destiny and control your own fate.

Most people live a sheltered life and people are quite often scared of taking risks because of the fear of failure. If you do not take risks, you will never know your full potential and reap the potential rewards. Therefore, when you let your fears hold you back, you literally have end up with no challenges or purpose in life. You will never know your hidden talents or skills until you test your limits. This is what makes life more interesting. We all grow older each day, and, as each year goes by, you need to ask yourself, do you want to live your life on your own terms or on someone else’s?

Do not allow your school to brainwash you into thinking that a college or university education is the key to your future success. Their model of learning is flawed and outdated. What you need to do is to learn to think outside of the box – ask yourself, how do I get ahead in this world and make more money? Be a leader, not a follower! Being an entrepreneur is the way of the future. Use your own creative talents and skills to create your own niche and ensure your future success.

– Chris Falcon is a Canadian designer and fashion educator with over 30 years of experience in the garment design and manufacturing business.