Comment & Analysis, Features

31 December, 2008 by Imran Amed, Editor

Creative Entrepreneurship | A Wish for 2009

NAIROBI, Kenya – The way things are looking, 2009 is going to be a very tough year indeed. And, with all the froth and gloss in the fashion business over of the past few years, it will not be surprising to see many fashion companies fail, especially those that have been able to coast on the excesses of easy credit, copy designs from others with impunity, and take advantage of benign conditions that have enabled even the most mediocre to succeed.

But, the silver lining of this economic pain is that we will have to make do with less. We will have to be more resourceful than ever. And, as a result, creativity, innovation and entrepreneurship will flourish, as the best amongst us hatch exciting new ideas, develop new business models, and create the most special products and designs that generate genuine excitement.

This is my one wish for the fashion business in 2009.

In Outliers, the latest book by Malcolm Gladwell, author of The Tipping Point and Blink, Gladwell tells the story of Louis Borgenicht, a new immigrant who arrives in 1880′s New York City with almost no money to his name. But, after some diligent market research and a great deal of hard work, Borgenicht and his wife go back to their roots and identify a market opportunity in the garment business, creating stylish aprons from their tiny home that quickly fly off the shelves, because they are not available anywhere else.

So today, when I came across an article with the headline “Sew-at-home mom creates a bustling business in aprons,” I did a double take. Two years ago, having identified a market opportunity for stylish aprons, Lynne Rutkowski launched Lynne’s Whim and since then, she has used savvy word-of-mouth marketing and the power of the Internet to build a real business that has sold 4,000 aprons this year.

Is history repeating itself?

In his book, Gladwell argues that due to “autonomy, complexity, and a connection between effort and reward,” the husband and wife Borgenicht team find meaning in their work and capture financial reward as well.

One hundred and forty years later, the same can be said of Rukowski, who told the Salem News, “I wanted to do something for me…and it’s it’s nice being your own boss. I’m a small business so it’s just me, but I’d love for Lynne’s Whim to really explode.” This is what I hope we see more of in the year to come.

As we bid farewell to 2008, I leave you with this inspiring video from Montreal band Miracle Fortress for their song, Have You Seen in Your Dreams. It shows just what we can do today, with a dazzling combination of four etch-a-sketch pads, oodles of creativity, and the power of Internet video.

Here’s to creative entreprenership in 2009. Happy New Year!

Comments (1)

  1. More than ever, entrepreneurship is of great importance for fashion and business as a whole.

    I am the daughter of a small entrepreneur, I work in the fashion industry for ten years and I am very disappointed in meeting people -even MBA holders- who do not realize the importance of the small-medium entrepreneurs and innovation for the global economy.

    I think 2008 economic crisis may make us think about large companies “failure” and boost our creativity.

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