Is the business in better shape now than before the recession?
I’ve learned a lot of valuable lessons over the past 18 months. Because of this downturn and all the mistakes I’ve made I now know better for the future. The business is doing ok now, so when it starts to make serious money again, I’ll be in a better position to grow it. We’re having a phenomenal season at the moment. The recession is now a part of my past and I’m smarter and better for going through it.
What’s your relationship like with your bank?
I’ve had an ongoing relationship with my bank for the last eight years and even for me, with the kind of money I had in my account, it still took time to prove myself to them in terms of the business. Unfortunately for small businesses it just takes time. I’ve slowly built up trust with my bank over the years and we now have a very strong relationship. My advice to any business owner would be not to give up, and grow with the bank slowly.
You now sell your range overseas. What has international expansion been like?
To be honest, it’s a pain in the ass. My goods come over to the UK where I pay duty and VAT, and then they’re shipped elsewhere and I have to pay again. On top of that there are all the transport costs. I’ll come up with a more efficient system eventually, and as the size of the orders increase, costs will come down.
Why did you choose to set your business up in the UK instead of America?
The stakes are much higher out there, and of course I want my business to be trading there eventually because if you’re big in America then you’re a success all over the world. But it’s much more expensive to do things like marketing out there because of the size of the country. I want to be one of the biggest lingerie companies in the world and England is an excellent training ground. It was the right choice for my start-up.
Have you always wanted to be an entrepreneur?
No. I only really started to consider it about four years ago! A career in modelling doesn’t last forever. As you get older you have to consider your options and decide what to do next. A lot of people in England knew who I was so that’s thousands of pounds’ worth of free marketing right there. In that sense, being a celebrity was a big advantage for the business, but it was also tough initially to get people to look past the stereotype and take my proposition seriously. The harder you work for something, the bigger the reward and the more you appreciate it. Out of all my achievements, this business is definitely the thing I’m most proud of.