Wednesday, January 7, 2009

Hot Business Tips from Hot Pink Lingerie Owner

Hot Pink Lingerie recently got featured on Start Up, and its owner, Kaye Garcia gave some tips on how to run a business.

“Our ultimate goal is to be the one-stop shop, complete of everything.”

KAYE GARCIA:

1. Before you start anything, you have to straighten out all your financial – how much is it gonna cost, when are you gonna recover?

2. You have to have a contingency plan for if, you don’t sell well for the first year. You always have to have a back-up plan for everything.

3. You have to be prepared that it won’t go as well in the beginning, so you have to be prepared to troubleshoot the problems you’ll encounter.

4. Once you’ve gone past that, then you have to look at the future of your business – how can you make it better, how can you improve it, how can you make it bigger?

5. The number 1 advice is definitely HARD WORK.

6. You have to keep your eyes open. Competition is always just around the corner.

7. You have to be aware of what’s out; you always have to be the first one. You have to be the first one to launch a new item.

8. You have to be very very competitive. You cannot just relax.

9. When you have a business, you have to be fully devoted and passionate about it.

SOURCE: Start Up (hosted by Bam Aquino) shown every Thursday at 8PM on ANC.

Note: The HotPink graphic above is not Hot Pink Lingerie's official logo.

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