Starting a Fashion Brand After 40 | Maker’s Row Blog (2024)

At Scaling Retail, we’re seeing an influx of more and more talents who are preparing to launch their fashion brands after the age of 40. In fact, they make up 30% of our clients preparing to launch! We’re finding these clients have the resources and they’re very clear about what they want. For many, this is their second or third career. They have the life experience, this is what they’ve always wanted to do and now they can execute. They’re in it to win it.

You don’t have to be a young kid coming out of Central Saint Martins to see success. Fashion just isn’t about that anymore. In fact, you don’t even need to be a designer. All you need is the vision and the understanding of what makes a solid, effective team.

Here are some of the most common challenges our over 40 clients face and the solutions they’ve taken up to overcome them…

Challenge #1: Maintain a Healthy Life Balance

Our clients launching after 40 require more of a life balance in order to thrive. They are not able to work almost 24/7 like their younger counterparts can. You can skip sleep and work like crazy when you’re younger but it’s a lot different when your lifestyle changes and you have different needs/expanded responsibilities.

Solution: Bring on a Team

Most of these clients are in the financial position to launch with a full team in place. They understand that the most successful business owners can’t do everything on their own and they’re willing to hire all of the right talents, experts in their respective fields.

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Challenge #2: Having Less Networking Opportunities

It may seem like there are less networking opportunities when you value a quiet dinner at home in place of a wild night on the town. But there is a solution for those who prefer such a lifestyle…

Solution: Pay for PR and Marketing

These brand owners are getting around this potential challenge by hiring well-connected, influential and effective PR & marketing agencies. PR is a worthwhile investment but the high monthly retainers can often be way out of range for younger designers and brand owners to afford. Our clients are leveraging their resources to bring on the best of the best to push and promote their brands.

Starting a Fashion Brand After 40 | Maker’s Row Blog (1)

Challenge #3: Understanding Technology

Younger fashion professionals literally grew up with technology so there’s not much of a learning curve when it comes time to launch on their own. That isn’t typically the case for fashion founders over 40.

Solution: Learn the Right Software and Business Advice for the Trade

Reach out to resources like General Assembly to learn how to use any software (i.e. Photoshop, Illustrator, et al.) or business concepts you don’t already understand. Even YouTube can be an amazing ally. Sometimes it’s as easy as typing a question into the search box to immediately get the answer to your question. For example, you can type “How to Launch a Luxury Startup” and get this result.

The Benefits of Launching After 40

Based on our clients launching after 40, we’ve culled tons of benefits for waiting to launch a little later in life. Our clients already have lots of people skills and life experience. They know not to take everything so seriously all of the time and typically have better perspective and foresight because of it.

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They have the financial resources to do it right the first time because they’re not picking and choosing how to invest and they’re not sacrificing any important aspects like product development.

And those who don’t have the resources are at an advantage for investor support. The professionals who have built their careers around successes and have the track records to prove it can be much more favorable for startup funding. They have an edge to show off their competence and capabilities.

Successful Fashion Designers Who Launched Over 40

These fashion professionals are definitely in amazing company. Some of the most successful designers in fashion history launched after 40, including Vera Wang and Giorgio Armani.

Vera Wang

Vera Wang had a few careers before diving into the world of womenswear design. She was a competitive figure skater in her teens before joining the ranks of Vogue right after college. Within only a year, she was promoted to the position of senior fashion editor at the young age of 23. She maintained her title at Vogue for 15 years before leaving to take up the role of design director at Ralph Lauren at 38. She designed her own wedding gown at the age of 40 then got funding from her father to launch her own bridal boutique in New York City at the age of 41. Of course today we know she is a household name and international success offering her signature bridal designs as well as RTW, accessories and lifestyle extensions.

Giorgio Armani

Giorgio Armani is yet another legendary designer who needs no introduction. He is the sole owner of his still privately owned fashion mega empire and he launched his brand at the age of 41! Armani grew up in a working-class family with the hopes of going into medicine. He was in the army after graduating college and then ended up in fashion. His career trajectory took him from visual merchandising to freelance design at Cerruti, Loewe, and Zegna. Finally, he sold his Volkswagen Beetle at the age of 41 to fund his design house startup. The rest is history…

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Contact Scaling Retail for personalized retail consulting strategies to launch your fashion startup or to grow to scale. For more of a DIY approach, take a look at our Fashion Profit Plan programs, e-books and digital content for support.

It's fascinating to see how the fashion industry has evolved to embrace seasoned professionals launching their brands later in life. This shift challenges conventional beliefs about the prerequisites for success in fashion. Let's break down the concepts and strategies mentioned in this article:

  1. Launching Fashion Brands After 40: This trend indicates a significant demographic shift in fashion entrepreneurship. Older professionals, equipped with life experiences and financial stability from prior careers, are entering the industry. Their motivation, coupled with resources, allows them to execute their long-held dreams.

  2. Challenges Faced:

    • Life Balance: Unlike younger counterparts, professionals over 40 may struggle to maintain a work-life balance. Solution: Building a competent team to share responsibilities and workload.
    • Networking Opportunities: Preferring quieter lifestyles may limit networking. Solution: Investing in PR and Marketing to leverage connections and promote the brand effectively.
    • Understanding Technology: Older founders may face a learning curve with tech. Solution: Accessing resources like General Assembly and YouTube to learn necessary software and business concepts.
  3. Benefits of Launching Later:

    • Life Experience: Older professionals bring valuable people skills, perspective, and foresight.
    • Financial Stability: They can invest comprehensively without sacrificing crucial aspects like product development.
    • Investor Support: Successful prior careers can attract investors due to proven competence and track records.
  4. Successful Examples:

    • Vera Wang: Her journey from figure skating to fashion editor at Vogue to launching her bridal boutique at 41 showcases the potential for success after 40.
    • Giorgio Armani: Starting his fashion empire at 41 after diverse experiences in the industry highlights that age isn't a barrier to entrepreneurial success.
  5. Strategies for Aspiring Entrepreneurs:

    • Team Building: Recognizing the need for a skilled team to share responsibilities.
    • Investment in PR & Marketing: Leveraging these services to overcome networking challenges.
    • Continuous Learning: Using available resources like online courses and tutorials to bridge the tech and business knowledge gap.

In conclusion, the fashion industry's changing landscape welcomes individuals from varied backgrounds, emphasizing that success isn't exclusive to the young or traditionally trained designers. Age diversity brings unique strengths and perspectives to fashion entrepreneurship. If you're considering entering this industry, focus on assembling a capable team, leveraging available resources, and embracing the advantages your experience brings.

Starting a Fashion Brand After 40 | Maker’s Row Blog (2024)
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