Approximately 26,000 new companies are formed each year in North Carolina. In that same year, over 23,000 companies fail due to poor management and operational mistakes. The statistics are worse in rural and minority populations. This means that good ideas go to waste along with the grant and investor funds that helped get these companies started. As a result, the potential growth of revenue and new jobs is also lost.
If we had assistance for entrepreneurs who are struggling to create successful businesses, the failures should decline considerably. Entrepreneurs should be seeking out business mentors that can help them through the early years of their business. That’s what REDii offers.
If you were to ask twenty experienced business people what it takes to have a successful business plan, chances are you will get many of these answers and more. Here is my view of what a successful business plan is made of.
“Most importantly, have the passion for your business.”
- Confirm that your entire heart and soul is behind the business.
- Insure you have family and friends supporting you.
I bet you didn’t know that Raleigh is a hotbed of fashion activity. Did you know that North Carolina State University (NCSU) has one of the best textile colleges in the world? Not to be outdone, NCSU’s College of Design has programs that help students become fashion designers. Both of these institutions graduate dozens and dozens of innovative fashion design professionals every year. Wow, what a resource we have to create some of the most highly educated and creative fashion design entrepreneurs.