Quote:
Originally Posted by
Sam Hober
Roger,
You are correct, but there are more variables.
You can keep prices stable and simply have a longer wait time - not a good solution but it allows a small operation with no price increases.
You give up sleep and days off to keep prices stable and wait times reasonable.
In the long run training takes a lot of investment/time but is the best answer.
We use all the above.
Much more expensive in terms of time and investment is vertical integration - for a tie maker growing your own mulberry and silk worms, reeling, dyeing, weaving and printing in house and so on.
Vertical integration is our long term goal for around 90% of what we do.
Some Italian companies do well with weaving fabrics and making clothes - Kiton I think has a very nice tailoring school - which is wonderful both for their business and the future of clothes.
Sam, I agree with you. I find myself contemplating what i will do if demand increases drastically after I launch in March. As you pointed out, training is the best solution in the long run given continuous demand. Until I get to that point, I'll be sacrificing sleep because I don't feel that raising prices or waiting Times is a justifiable solution.
Wish me luck.