YCEO - ISSUE 6
This is the 6th Edition of Young CEO Monthly, the magazine that aims to bring young known and especially un-known business owners to the attention of the public.
This is the 6th Edition of Young CEO Monthly, the magazine that aims to bring young known and especially un-known business owners to the attention of the public.
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CEOMONTHLY<br />
1<br />
<strong>ISSUE</strong> 6 | FREE<br />
Y O U N G<br />
The Sister’s Wardrobe<br />
INTERVIEW WITH<br />
Victoria Azubuike & Chanel Noye
EDITORIAL<br />
editor@youngceomonthly.com<br />
Produced by:<br />
CEO Monthly Publications<br />
Design:<br />
GB Designs<br />
Welcome to the 6th Edition<br />
of Young CEO Monthly, the<br />
magazine that aims to bring<br />
young known and especially un-known<br />
business owners from the age of 16-30 to<br />
the attention of the public.<br />
Foreword<br />
3<br />
ADVERTISING<br />
ads@youngceomonthly.com<br />
I hope that you had a fantastic summer break with<br />
your family, friends or maybe just yourself and now are<br />
refreshed to go and achieve the 2015 goals that are<br />
still pending.<br />
Talking about making goals a reality, in this month’s<br />
edition we would like to introduce you to a young<br />
ladies team who through hard work have brought their<br />
dream of setting up and running their own fashion<br />
business to life.<br />
Young CEO Monthly is<br />
published by CEO Monthly<br />
Publications.<br />
Opinions and views expressed<br />
do not necessarily reflect<br />
CEOMP policy. CEOMP<br />
accepts no responsibilty<br />
for views expressed by<br />
contributors.<br />
Advertisements and reader<br />
offers are not endorsed by<br />
CEOMP.<br />
We hope that their story will inspire you to go on an<br />
entrepreneurial journey and above all you’ll share it<br />
with your colleagues, friends and family.<br />
George Boateng<br />
Editor<br />
Quote of the Month<br />
“Don’t be afraid to give up the good to go for the great.”<br />
John D. Rockefeller<br />
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Content<br />
Page 3 – Foreword<br />
Page 4 – Cover Story<br />
Page 8 – Business Advice of the Month<br />
Page 9 – CEO/Company Profile<br />
Page 10 – Classifieds<br />
Page11 – Reflections
4 Cover Story<br />
The Sister’s Wardrobe<br />
Chanel Noye (16) & Victoria Azubuike (18)<br />
What inspired you to start your business<br />
and when did you start it?<br />
Victoria: From the age of 11, I operated a<br />
weekly Saturday cake stall with my sisters<br />
on my estate in Islington. As the eldest<br />
sibling, I took the lead role and used my<br />
initiative to ensure we maximised profit,<br />
by monitoring sales of each item and<br />
adjusting prices in response to demand. I<br />
developed my planning and organisational<br />
skills, and my ability to mentor others from<br />
here I became interested in Business and<br />
I’ve always wanted to be my own boss.<br />
Chanel: Seeing the success and<br />
accomplishments of celebrities like Bill<br />
Gates really did inspire me. However, I<br />
formed part of my inspiration as I started<br />
thinking outside the box. I asked myself<br />
‘do you really have to wait till you finish<br />
your degree before getting a professional<br />
job? Is there advantages to owning a<br />
business at a young age?’ Then I started<br />
telling myself ‘’I’m different, so let me<br />
show the world my differences’’. I can be<br />
young but age won’t stop me from having<br />
a business mentality. So, when I was 15, I<br />
decided (along with my partner Victoria),<br />
to build upon this company and change<br />
the mind set of people about the young<br />
generation. To see that we are not all the<br />
same but have our own uniqueness and<br />
we help create benefits for present and<br />
future times to come.<br />
What was your background before starting<br />
your business(s)?<br />
Victoria: The Sister’s Wardrobe has been<br />
up and running now for over two years<br />
and before it I had just finished my GCSEs<br />
and was just going to start my A-Levels in<br />
Maths, Economics, Chemistry and Religious<br />
Studies.<br />
Chanel: Before I began my journey, I had<br />
just returned from Ghana where I have<br />
been staying there with my father for two<br />
years to have an experience of the African<br />
culture. I then came to the UK to continue<br />
my education where I chose my GCSEs<br />
subjects Geography, Music, Additional<br />
Science and Product Design along with<br />
the core subjects.<br />
What do you find to be the best thing about<br />
the industry your business is in?<br />
Victoria: One of the best things about the
5<br />
Fashion Industry is that all the time there<br />
are new trends evolving which works well<br />
with The Sister’s Wardrobe. It allows to<br />
find new ways of advertising and selling<br />
our goods attracting new consumers we<br />
may have missed. For example, last winter<br />
there was an increase in the demand<br />
for scarves but especially for our Tartan<br />
designs as this was what was a must have<br />
during the chilly days.<br />
“<br />
I really do like competing<br />
with myself, I would say I have<br />
a ‘never quitter’ mentality<br />
meaning I don’t like doing things<br />
until they‘re truly at the best of<br />
my ability.<br />
- Victoria Azubuike<br />
”<br />
Chanel: One good thing I find best about<br />
the Fashion Industry is that we get to see<br />
the missing piece and how The Sisters<br />
Wardrobe is able to fill in that missing<br />
piece. Our aim is to stand out so we observe<br />
other fashion businesses and see how they<br />
continuously run things and how things are<br />
scheduled. We go by the rules set in the<br />
fashion industry, but we follow different<br />
procedures than any other company. As a<br />
wise man said ‘’if you continuously do the<br />
same thing over and over again, you will<br />
never see a difference’’. This is how we<br />
breakthrough!<br />
do. This is why we use many social media<br />
networks from Facebook and Instagram to<br />
our very own Fashion Blog. By using these<br />
resources it allows us to reach different<br />
target audience we may if struggled to<br />
get.<br />
3) Quality<br />
From our products to our adverts we<br />
believe the quality which we deliver must<br />
be to the best of our standards. As young<br />
people running a business if we really<br />
want consumers and investors to take us<br />
seriously to work must be produced at a<br />
professional level. This includes its material,<br />
how we manufacture the products<br />
and the durability. This is the same with<br />
anything when you believe in what you<br />
do you don’t just do anything anyhow but<br />
instead you’re constantly pushing yourself<br />
to produce the best and not settling for<br />
anything. This is because, quality is very<br />
vital and the aim is to make our viewers<br />
elative and continuously engaging in our<br />
updates. In addition, when there is quality<br />
this also helps us to avoid any refunds<br />
or complaints that can pull down the<br />
marketing process.<br />
What three areas do you focus most on in<br />
your business?<br />
1) Consumer Service<br />
In the past there has been times where I<br />
didn’t take consumer feedback on board<br />
and as I result problems occurred which<br />
could have been avoided. When you take<br />
time to understand the consumer not only<br />
does your reputation improve but more<br />
importantly you’re able to improve your<br />
interpersonal skills including the ability<br />
to listen effectively to others. This is what<br />
builds long lasting relationships and will<br />
keep consumers coming back.<br />
2) Public Awareness<br />
As a small Business we believe that Public<br />
Awareness is the key in letting people<br />
understand who we are and what we<br />
What is your work ethic like?<br />
Victoria: I really do like competing with<br />
myself, I would say I have a ‘never quitter’<br />
mentality meaning I don’t like doing things<br />
until they‘re truly at the best of my ability.<br />
From time to time you properly find me<br />
looking at different blogs and websites<br />
which are doing better than ours and<br />
looking at ways on how we can improve<br />
The Sister’s Wardrobe. Looking at what
6<br />
they do that works and adopting this to<br />
TSW. In addition, I think an really important<br />
thing when running a business is to learn to<br />
take on criticisms in order to move to the<br />
next level. I had friends telling me things<br />
I really didn’t want to hear about TSW<br />
however, these same pieces of advices<br />
are the roots of the improvements in the<br />
business.<br />
Chanel: When it comes to work ethic, I<br />
love getting the job done and getting it<br />
right. I am someone that uses originality<br />
and creativity in any idea I come across<br />
because, I allows TSW to stand out<br />
from other businesses doing what we<br />
do. ‘Tenacious’ spells the name of the<br />
company as I never give up when one<br />
idea does not work out. In this way we<br />
become stronger, bolder and wiser.<br />
How did you fund your start-up?<br />
Victoria: I didn’t have much to start-up<br />
the business but as the passion was there<br />
I knew it was possible to make this dream<br />
become a reality. So I decided to hit the<br />
streets and do the same thing I would do if<br />
I needed cash... Sell Cakes. I made around<br />
£60 and from there it was TSW time to take<br />
off… I guess another important thing I<br />
believe is that sometimes when you have<br />
an idea it’s better to just get out there and<br />
learn from your mistakes and just keep on<br />
learning.<br />
Chanel: It’s quiet interesting how larger<br />
companies started from small backgrounds.<br />
Before I joined to run The Sisters Wardrobe,<br />
my partner Victoria would sell cupcakes<br />
on the street and it gradually grew from<br />
there. I’m telling you it wasn’t’ easy but it<br />
will be worth it in the long run. One thing<br />
we take into consideration is that we<br />
should never accept life as it is.<br />
If an investor wanted to invest in your<br />
business what would they be investing in?<br />
The Sister’s Wardrobe is very new to the<br />
fashion industry meaning we are all about<br />
new ideas to help us grow and develop.<br />
We really strive on making things possible<br />
with the resources we have. TSW is definitely<br />
a business which one can trust that has the<br />
consumer at the heart of it and our team<br />
works hard to do the best we can in order<br />
to exceed the expectations of our clients.<br />
Lastly, one will be investing in a business<br />
with a team who is ready to take on new<br />
challenges to make sure things are done<br />
effectively to be the best!<br />
What would you consider your main<br />
achievement so far in your business and<br />
personal life?<br />
Victoria: I think one of the main<br />
achievements from The Sister’s Wardrobe<br />
is doing something which most 18 years<br />
aren’t doing. I believe having a business<br />
allows you to grow as a person for example<br />
the values of resilience and to always<br />
persist through hardships have really been<br />
established in me. As there have been<br />
times when I have planned competitions<br />
and the results I wanted to see didn’t<br />
happen but, you learn just to keep going<br />
and focus on the bigger goal.<br />
Chanel: The advance in brainstorming<br />
ideas has to be the main achievement so<br />
far we have started to host competitions to<br />
enlarge the number of consumers viewing<br />
our social media outlets and other links.<br />
Personally, I believe I have achieved in<br />
so many ways as to being confident and<br />
having an optimistic mind about things. The<br />
best part is that I look past the obstacles<br />
and focus on my destination. What helps<br />
me to do that is to always remind myself<br />
why I joined Victoria in this new adventure.<br />
Where do you see yourself and your<br />
business in 10 years’ time?
7<br />
Victoria: By this time I would love to have<br />
a wider team being part of the growth of<br />
The Sister’s Wardrobe I would love to open<br />
a store in London and also abroad. Apart<br />
from The Sister’s Wardrobe I would love<br />
to pursuit a career in finance either as a<br />
Management Consultant or a Broker.<br />
Chanel: Ten years’ time, I’ll be sitting<br />
behind a desk, running The Sister’s<br />
Wardrobe along with a larger team, who<br />
share the same goal as us. I would love for<br />
us to have branches global as, I do love<br />
to travel. I also see TSW creating their own<br />
magazine and receiving nominees and<br />
awards. This is the vision.<br />
What is your #1 advice to another young<br />
person thinking about starting their own<br />
business?<br />
there have been many while running The<br />
Sister’s Wardrobe which has really been a<br />
struggle. Where the thoughts of quitting<br />
pop into your head but, I believe these<br />
are the times you’ll remember the most.<br />
In addition, when the hard times come<br />
(because they will) it’s so important to<br />
keep your eyes on the bigger picture<br />
and remember why you started in the first<br />
place!<br />
Chanel: One thing I’ll say is when you<br />
have the passion go for it, go get it! Never<br />
limit yourself. You’re able to do marvellous<br />
things when you put your mind to it. A key<br />
point concerning this is to be consistent<br />
and not allow peers or any kind of people<br />
in your life to influence you that you are not<br />
worth it and you can never be successful.<br />
Just take their words into mind, smile, and<br />
say ‘’Watch me’’.<br />
Victoria: Be prepare for the hard times;<br />
TheSisWardrobe_<br />
The Sister’s Wardrobe
8 Business Advice of the Month<br />
There’s no reward<br />
without risk.<br />
by Steve Tobak | Author and Managing Partner, Invisor Consulting<br />
“Everyone calls herself an entrepreneur these days, but if you’re not<br />
risking anything, you’re no entrepreneur. If you want to be successful<br />
on your own, at some point, you have to cut the cord. If there were<br />
an easier or safer way, everyone would do it. I’m telling you, there<br />
isn’t.<br />
Truth is, entrepreneurship isn’t really a “dip your toe in the water<br />
and see how it feels” sort of endeavor. If you’re not willing to go all<br />
in, you might consider getting a real job. But if you think you’ve got<br />
what it takes, these are pretty fundamental concepts you should<br />
strive to understand and embrace.”
Business / CEO Profile 9<br />
A man determined to restore engineering<br />
and technical innovation to high esteem<br />
in British society<br />
Sir James Dyson, (born May 2, 1947, Cromer, Norfolk, Eng.)<br />
is a British inventor, industrial designer, and entrepreneur<br />
who successfully manufactured innovative household<br />
appliances and became a determined campaigner to<br />
restore engineering and technical innovation to high<br />
esteem in British society.<br />
Dyson attended the Gresham’s schools in rural Holt, North<br />
Norfolk. After graduation he went to London, where he<br />
attended the Byam Shaw School of Art for a year (1965–66)<br />
before studying furniture and interior design at the Royal<br />
College of Art (1966–70). In 1974 Dyson founded his own<br />
company to produce the Ballbarrow, a plastic wheelbarrow-like bin that rolled<br />
on a load-spreading ball instead of a narrow wheel.<br />
In 1978 Dyson, having grown impatient with clogged air filters in his Ballbarrow<br />
factory, built a cyclone particle collector similar to devices used in larger<br />
industrial plants, such as sawmills. He worked for the next five years, testing more<br />
than 5,000 prototypes, before he produced a satisfactory model that swirled<br />
incoming dirty air around a cylindrical container, where the dust was separated<br />
by centrifugal force and settled by gravity while the purified air escaped out<br />
the top. Makers of traditional bag-type vacuum cleaners showed no interest in<br />
Dyson’s bagless device, arousing in him a lasting antipathy toward conventional<br />
businesses. He sold the cleaner, known as the G-Force, to a company in Japan,<br />
where it became a commercial success and won a design prize in 1991. In 1993<br />
Dyson opened a plant in North Wiltshire, and within two years his Dual Cyclone<br />
model became the top-selling vacuum cleaner in Britain. Dyson’s elegant and<br />
practical appliances went on to win many design awards and were exhibited in<br />
art and design museums around the world. He followed up the vacuum cleaner<br />
line with other products.<br />
Dyson’s design and commercial success lent authority to his quest to revive the<br />
spirit of invention in Britain. In 1997 he published Against the Odds (cowritten<br />
with Giles Coren), an autobiographical account of his persistence in the face<br />
of discouragement. The following year he was made a Commander of the<br />
Order of the British Empire. In 2002 the James Dyson Foundation was established<br />
with the aim of encouraging young people to enter engineering through the<br />
awarding of prizes and grants. In 2009 the Conservative Party invited Dyson to<br />
propose policies to encourage innovation, and he replied in March 2010 with<br />
Ingenious Britain: Making the UK the Leading High Tech Exporter in Europe, a<br />
report that suggested, among other ideas, more freedom for universities to<br />
design unconventional engineering curricula and more collaboration between<br />
universities and technology companies.<br />
Dyson’s weatlh today stands at £3.2 Million | $5 Billion | €4.4 Billion. (Forbes)<br />
Adapted from britannica.com
10 Classified<br />
Your business<br />
could be here!<br />
Email us today via<br />
ads@youngceomonthly.com<br />
to advertise with us.<br />
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Thoughts on Entitlement<br />
Time To Reflect<br />
11<br />
by Victor Azubuike | pensivevictor.blogspot.com<br />
Recently a lot of the thoughts coming across my mind<br />
have been surrounding the idea of entitlement.<br />
The dictionary defines entitlement as the fact/belief<br />
of inherently having a right to something. Through my<br />
experiences and general reading I’ve come to the<br />
conclusion that what is paramount to our achievements<br />
and successes is not necessarily our circumstances<br />
(although I will be lying if they don’t play a role) but rather<br />
the mentality of entitlement we have in regards to a goal<br />
we decide to set for ourselves.<br />
There are countless examples in history, where a feeling of injustice<br />
based on entitlement has brought about a significant change – from the uprising on the<br />
streets of Paris in the eighteenth century to the organised marches in the southern states of<br />
the USA in the 1960s the manifestation of entitlement driven by indignation and hope, has<br />
not ceased to set the wheels of reform into motion. What sparked the Civil Rights Movement<br />
was the indignation of African Americans at the fact that the equality they were promised<br />
through the US Constitution, the Emancipation Proclamation and the Reconstruction<br />
Amendments was being denied to them on a systematic basis.<br />
“We hold these truths to be self-evident, that all men are created equal, that they are<br />
endowed by their Creator with certain unalienable Rights” – United States Declaration of<br />
Independence<br />
They were entitled by the law of the United States of America to equality but for one reason<br />
or another were being denied these rights. Let’s delve a bit deeper into this matter.<br />
Entitlement is something that we need to make sure that we develop and incorporate<br />
carefully into our lives. An excerpt of Outliers; The Story of Success cites;<br />
“That word (Entitlement) has negative connotations these days. But Lareau means it in<br />
the best sense of the term: “They acted as though they had a right to pursue their own<br />
individual preferences and to actively manage interactions in institutional settings. They<br />
appeared comfortable in those settings; they were open to sharing information and<br />
asking for attention … It was a common practice among middle-class children to shift their<br />
interactions to suit their preferences.” They knew the rules. “Even in fourth grade, middleclass<br />
children appeared to be acting on their own behalf to gain advantages. They made<br />
special requests of teachers and doctors to adjust procedures to accommodate their<br />
desires”.<br />
I think we should all realize that we are entitled to succeed, be healthy and to find happiness.