Analysis of Heather Evans Case Study
Analysis of Heather Evans Case Study
As a former department store sales associate, I know a little about how difficult it is to sell clothing when not properly presented. So when we talk about selling the idea of starting a clothing line in a flooded market of designers, I can only imagine how hard it would be. Investors are hard enough on extraordinary ventures that change the entire world. So it makes sense as to why Heather Evans is having a hard time with this venture.
Problem Analysis Heather Evans is a very recent graduate from Harvard Business School and has been working on getting her venture off the ground for quite some time. She has the know-how and skill in her industry but not the funds. This is why she is seeking out investors. This is proving to be more difficult and time consuming than she had anticipated. I think most people have this experience at one time or another especially if they are starting their own business. The great ideas of the world do not always get all the support in the world. To make matters worse, Evans has invested plenty of her personal funds in the business and has hired a few employees. In essence she has put a lot of skin in the game. So there is no option of just deciding that the venture was not a success. To put the icing on the cake it seemed for a little while that Evans had found a sole investor. However after seeing the unprofessional manner and lack of attention to Evans that was shown by the investor, Evans decided not to pursue the possibility of this investor. Without fund Evans may be forced to abandon the venture. And time is pressing against her. With a lot of personal funds already invested she has a limited window of time that she will have before she will not have enough money to sustain herself while the business grows to where she could take a salary from it. And she has some pretty heavy reservations on how she wants the business financed which limit her options further.
As a former department store sales associate, I know a little about how difficult it is to sell clothing when not properly presented. So when we talk about selling the idea of starting a clothing line in a flooded market of designers, I can only imagine how hard it would be. Investors are hard enough on extraordinary ventures that change the entire world. So it makes sense as to why Heather Evans is having a hard time with this venture.
Problem Analysis Heather Evans is a very recent graduate from Harvard Business School and has been working on getting her venture off the ground for quite some time. She has the know-how and skill in her industry but not the funds. This is why she is seeking out investors. This is proving to be more difficult and time consuming than she had anticipated. I think most people have this experience at one time or another especially if they are starting their own business. The great ideas of the world do not always get all the support in the world. To make matters worse, Evans has invested plenty of her personal funds in the business and has hired a few employees. In essence she has put a lot of skin in the game. So there is no option of just deciding that the venture was not a success. To put the icing on the cake it seemed for a little while that Evans had found a sole investor. However after seeing the unprofessional manner and lack of attention to Evans that was shown by the investor, Evans decided not to pursue the possibility of this investor. Without fund Evans may be forced to abandon the venture. And time is pressing against her. With a lot of personal funds already invested she has a limited window of time that she will have before she will not have enough money to sustain herself while the business grows to where she could take a salary from it. And she has some pretty heavy reservations on how she wants the business financed which limit her options further.