The journey of entrepreneurship is never a smooth ride, as demonstrated by Hayley Worley, the founder of Sheet Society. Transforming her creative vision into a thriving business, Hayley’s insights offer valuable lessons for aspiring entrepreneurs:
Growth Takes Time
Hayley highlights that success doesn’t happen overnight. In the early days, she faced many challenges in trying to grow the business, but persistence eventually paid off.
Priorities Change Over Time
Different stages of business require different focuses. Early on, it was all about building the product and brand. Later, it shifted to marketing and operations. Now, it’s about fostering community and culture within the team. Identifying and addressing what’s most crucial at any given time is key to driving success.
Instincts Matter as Much as Planning
Although Hayley didn’t have a written business plan in the beginning, her instincts and market understanding guided her. Now, with a growing team, she finds it essential to articulate and share the plan with everyone to keep them aligned.
Embrace Innovation and Technology
Hayley’s team developed a 3D bed customization tool, allowing customers to mix and match bed linens in various colors and styles. This innovative approach has been a significant win for the brand. As Hayley says, sometimes you need to take risks in business—some will flop, but the wins make it all worthwhile.
Leverage Peer Support
Hayley built a strong network of like-minded entrepreneurs by attending industry events and staying connected. Whenever she encounters a problem, she knows she can turn to her network for advice.
Ensure Business Profitability
Profitability is fundamental for growth, according to Hayley. While you don’t need to make yacht-level profits, you must at least earn enough to reinvest in your business and continue growing.
Understand Every Aspect of Your Business
By getting hands-on with different parts of the business, Hayley could discern what tasks were worth outsourcing and what she could handle herself, saving significant costs.
Stay Open-Minded
Hayley encourages entrepreneurs to keep an open mind and be willing to try new strategies and adapt to market changes.
Entrepreneurship is challenging, but with persistence, continuous learning, and innovation, your moment of success is just around the corner!
[Source: Taylah Felice]
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