Quiz Page 62 of 99 (PART TWO)
- Posted by Michael C. Fanning
- Date April 28, 2023
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Question 1 of 3
1. Question
1. Supply chain disruptions: As Thandi relies on sourcing second-hand clothing and materials for her designs, any disruption to the supply chain could be a major setback for her business. For example, if there is a shortage of second-hand materials available or if the cost of those materials increases, it could impact the affordability and availability of her products.
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Question 2 of 3
2. Question
2. Competition from fast fashion brands: While Thandi’s focus on sustainable and upcycled fashion sets her apart from traditional fast fashion brands, there is always a risk that larger brands could try to emulate her designs or incorporate similar sustainable practices. This could impact the demand for her products, especially if larger brands are able to offer similar styles at a lower price point.
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Question 3 of 3
3. Question
3. Limited access to funding and resources: So far, Thandi has been able to find investors and support within her local South African community, but there is always a risk that she may face limited access to funding and resources as her business grows. This could impact her ability to expand her production capabilities, hire additional staff, or invest in marketing and advertising. Without access to these resources, it could be challenging for her to continue growing her business and reaching new customers.
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Entrepreneurship
I am a serial entrepreneur and I have been vegetarian for 14 years now. In a nutshell, I start businesses, grow them and retain some ownership before decelerating from all the operational duties involved.
In addition, I am a complete lover of nature. I turned vegetarian at 18 years old. And my mother introduced me to hiking in my teenage years. So, I take random walks in the bushes every now and then. It definitely helps with decision-making in business, too. But it is not all that I am. I am also an aspiring father, husband and Vegan. Did I mention I am Christian?
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