How has this economy affected you, your business and your family?
Well we launched our new business, Play Outdoors, on Oct 10th 2008—right in the middle of what some news personalities have characterized as the worst economic climate since the Great Depression.
Since we launched sales have been slow, but interest in our message is huge. It’s hard to know as a new business if we would have started with stronger sales had the economy been more stable. However, I do believe that the reason for slower than expected sales is a combination of being a new business, the fact that it is an election year—and yes, the credit crisis. We have put a portion of our project on hold for now, but I anticipate that the company will pick up that piece in the spring and continue on as planned.
How are you making lemonade from lemons?
We have decided to focus on being who we are and continue with our goal of creating a place where parents and kids are encouraged to get outdoors. We decided to change some of our marketing as well. For our winter mailer, we are focusing on helping families get back to the basics. In doing so, we are identifying the essential gear and clothing needed to have fun and comfortable outdoor adventures with kids.
I do believe that families will continue to look for good quality products, but may not be willing to pay what they were willing to pay six months ago. Lucky for us, there are not a lot of choices out there for kids outdoor clothing and gear and we offer a wide range of prices and styles for every budget.
As a new business, it’s really important for us to keep up of the momentum of the brand growth and the big picture.
Any encouraging words you would like to offer mom entrepreneurs?
I was recently at a talk where Rich Karlgaard, the publisher of Forbes magazine, spoke and he said that these are the times, now, that entrepreneurs truly shine. He explained that an economic downturn is an advantage to entrepreneurs and investors. That is, when big companies are laying off workers and cutting budgets there appears to be less to go around—but in reality, it is the perfect climate for entrepreneurs because the smart people who would normally work for these companies will now look to make their own mark.
In short, these are the times for innovation, creativity and resourcefulness. Don’t be afraid to follow your vision.
For more information about the company and their products, visit ww.playoutdoors.com. You can also email Sarah at info@playoutdoors.com or call 1-866-608-2423.
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