A Tailoringdesigners View of What is Rich
TD are Young Men’s Mentors
Like any fatherly guidance, grown boys buy like their mother showed them, on sale, at last minute, unstudied. Less insipid people share their good feelings that” if it’s what’s inside that counts, then wise men turn that outside”. Being at least two-fold, this is quantum truth. Like lazy lemmings, boys go through life, thinking unresolved and by default turning into beliefs, unexamined. Plato said, a life unexamined is not worth living. Our wardrobe unexamined as part of everyman’s personal culture or art, unexamined is not worth wearing. Culture includes developing healthy taste that is planned and appreciated, slow food and slow clothing are part of the study and solution. Delayed gratification like intermittent fasting and having a TD on hand.
The Millionaire in 3 Steps – 1) Income 2) office- 3) Real Estate
With steady clientele from your constant networking and calling you will soon have a cash flow and be able to develop investments that grow on their own. As a reputable tailoring designer, I have invested in real estate and doubled my equity by servicing a mortgage which is key in Vancouver. There are plenty of safe investments in stocks like ETF’s.
This smart income wisely invested in your own work-live studio, where clients visit you is what made me, “a middle-class millionaire”. This is very doable with good investments over 10- 20 years. Just do what you do best, while your investments work for you. Investments help your daily regimen momentum.
My work live studio allows me to retire with minimal hours or take on a protégé who can live in and be immersed in the profession. This paid overhead also allows me to be a component in the local culture. I can offer product and service to those that are happy with ready-made and just need some alterations. This is the traditional use what people think a tailor is. My whole mtm business blossomed from people coming back after good alterations. For a graduate of this course to achieve a steady income they could rent an office near their business district or transit station. This may be prompted by hiring or training to do alterations as well as sales and networking. For your startup you don’t need a location. You will go to where your clients are or meet for coffee and if you’re lucky they will let you buy lunch.
Your next step is to buy a location for a work live studio. Here you would be rent pays the mortgage as your equity could double your wealth in 5 years, if you buy right. It pays to know a good realtor for when you are ready. Your skill development is key to a clientele that can help you pay your mortgage. Skills, income and servicing investments lead to my millions.
Hard Work to Hardly Working by Investing
My lifestyle has been by no means rich. In terms of equity and investment, I saved for a deposit with knowledge of support for B.C. first time home buyers. Ironically the BC government, found an accounting error and multiplied it times 40 for a bill that prompted my bankruptcy and sale of my main investment. I had to start all over for a deposit. They were so incompetent as some governments are that when I called them 10 years later they had thrown out the case. Some over eager accountant, possibly, that thought small businesspeople should work harder on their books. To develop experience in this rare field, I have had to work 40 plus hours weekly for many years, but with no boss and little guidance. This is good and bad as I have had to learn from real and illusory errors. Luckily, I worked hard to make a deposit in my studio and further in properties. A property that TD may want to visit and stay as part of their post- training in beautiful Vancouver. I expect this would be an enjoyable work vacation for post graduates.
Vancouver is not a big corporate head office city. Many executives have a low bar for fit and don’t have time to have it made. So regardless, a good TD needs to find their niche, no matter the size of the head office. It’s all about strength of relationship or rapport, and coffee.
Work while you have the energy, to enjoy and age well. Now I can share my knowledge of tiny startup overheads. You will likely have a benefit from mentorship of the course, the webinars, on the field and a hands on training in Vancouver. I gave up the yolk of a family that other men could take up the (measuring) tape.” As Vancouver is not a dressy or super rich city, I have had to excel in expertise and service. We have our billionaires, but the tailors status is near zero. Seeing US presidents and famous people misfit, has encouraged me to think that there is something very worthwhile new career here. Some brand psychology and education that will make TD look richer than their coffice mates.
Although I didn’t realize I was creating a reputation as new blood in an old field. I am much like you who had to build my own business and skills. I am thankful that I could partner with tailors who would alter garments well. With most I cut the suits to learn bespoke fit and save time for their sewing and hand work. Most lucky for you to make more money with less work is tailoring design where cutting is only needed for on premise bespoke set up. Samsons production capacity can provide 20-30 suits a day. It’s your main job to know who you are or where you are coming from to arrive with drive, to make rapport, make contacts, coffice appointments, support demand and deliver satisfaction.