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      ThinkSales State Of B2b Sales In South Africa 2021 Survey

      The 7 Strategies of SA’s Strongest B2B Sales Performers for 2021

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      Home LAUNCH Starting a Business Start-up Advice

      Knowing Your Talents and Weaknesses

      Ed Hatton by Ed Hatton
      Mar 25, 2013
      in Start-up Advice
      0
      Knowing Your Talents and Weaknesses
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      RelatedTopics

      How to Start a Small Business in the UK in 2021

      How To Attract Your First Clients With a Business Product People Will Pay For

      The Advantages of (And How To Choose) a Business Partner


      CHALLENGE

      This entrepreneur asks if it’s advisable to start a clothing business without the ability to sketch or draw designs. She has a good eye for trends and understands the clothing manufacturing process.

      RESPONSE

      This entrepreneur-to-be has identified her major strengths and weaknesses. She then asks for advice about a significant weakness. This is smart thinking. All too often would-be entrepreneurs simply dive into their dreams without evaluating their talents and skills, and then become frustrated when they cannot get start-up finance, can’t attract customers because they lack a vital skill, or simply do not understand the complexities of the business they wish to enter.

      In this case her strengths of having an eye for trends and understanding the manufacturing process are significant advantages in a business where being the first with a trend is a huge competitive advantage. She worries about her inability to get her ideas on paper, and correctly so.

      If she cannot overcome this weakness then all the talent for spotting trends cannot be turned into saleable garments.

      Overcoming problems

      Many people I talk to have a dream of having a business in a field they are passionate about, but never venture into a start-up because they have identified a weakness or threat which seems insurmountable. This is sad because many of those dreams could be realised by finding ways around the obstacle, and learning to overcome obstacles is a crucial skill for entrepreneurs.

      This entrepreneur needs to think creatively about how to overcome this problem, or she risks falling into the same trap and never realising her dream. The most obvious solution is to learn to sketch and draw on paper or electronically, but there are a few other avenues she could try.

      She could outsource the drawings to a skilled clothing designer who does not have his or her own products, or she could find a way to bypass the drawing stage altogether and engage directly with seamstresses who can translate her ideas into products. She should look at the latest computer design tools, but something as simple as a mind map may be enough to convey her vision to those who could translate it into products.

      She should also consider her business model, because it has a direct impact on this problem: will it be a boutique, an online catalogue, a manufacturer? For instance if she really wants a fashion boutique she may be able to use her talent of spotting trends to buy from like-minded designers, and so eliminate the problem. Or she may be able to partner with a technically skilled designer who lacks her flair for trends.

      How big?

      If she plans to sell a dozen exclusive creations a month she could work directly with skilled individuals to tailor-make her ideas. But if she wishes to have thousands of women wearing her brand she will need to employ designers and production people who can accurately translate her visions.

      She would have little time to do the technical work because she would have to market the products and manage a substantial business. As with all start-up entrepreneurs she needs to identify what she really wants – recognition, wealth, growth, freedom, a reasonable income, power, trend-setting, leadership, innovation, change or fame are only some of the possibilities.

      This should be done in the early stages of planning so that the business grows towards satisfying that want. There is no sense in leaving one mundane job to set up an enterprise which is equally unfulfilling, even though it makes money.

      And finally she needs to look at the practicalities. How much capital will she need and where will it come from? Who will buy the garments and how will they know about them? Where will they be made and sold? She needs to find answers to these and other basic questions. Then all she needs to do is to plan well and then make her dream a reality, and I hope she does.

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      Ed Hatton

      Ed Hatton

      Ed Hatton is the owner of The Marketing Director and has consulted to and mentored SMBs in strategy, marketing and sales for almost 20 years. He co-authored an entrepreneurship textbook and is passionate about helping entrepreneurs to succeed.

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