James has helped me revised my working title, aims, and objectives. Instead of bridalwear and dressmaker, the scope has now changed to occasion wear. I had in mind to have multiple revenue streams for this business which includes bridalwear, party dresses, and cocktail dresses. This will allow me to find research on the various customers looking for occasion wear dresses without being confined to the specific categories.
After seeing classmates’ presentations and seeing how a good number of students are able to go forth with their business plan, it made me felt robbed of my chances. I would still like to do a business plan for my future business. However, the difficulty lies in ensuring it’s sustainable, there is research available, and there is market demand for it.
I now have the challenge (still) of meeting the requirements for a level 7 report with subjects I’m interested in in pursuing.
During today’s session on PMCU Business Plan, I was reminded that someone else was doing a business plan in the wedding scene. It made me realize that I had forgotten I had a second choice in my plan. I planned to open both businesses after but thought I should write my project on the more complicated and difficult one, since bridalwear is a much easier subject.
After class, I asked Lois if I were to do my project on bridalwear, would that work, and she said that there would be more legs to it, yes. I can now settle on writing my project on my bridalwear startup, and the project won’t be a waste of effort as I will need to look into all these aspects when I start my business anyway. Perhaps this could solidify my foundation in this business, and I could run the dancewear line as a passion project, since I won’t be able to research as much in depth as the PMCU.
During the second last tutorial session with Sarah, she commented that I have demonstrated progress and showed that I have applied the learning to make my range commercial, that I am now looking at the range like a buyer.
I had hoped to take on the business plan option for my final project. However, I was met with resistance. I was now aware that we had to write something that was grand at industry scale. Although it’s unfortunate that I won’t be able to work on my business plan. The resolution was to write a consultancy project on sustainable material replacement roadmap for fashion companies that are currently heavy users of plastic made textiles. The key addresses are for performance clothing such as athleticwear. This is about the closest thing I could get to my original plan that has a large enough scale. The only benefit I would personally gain from writing this would be the research on material innovations for fabric replacements and their associated costs and procurement methods. I hope to finish this project quickly as I’m not overly exited about it.