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Entrepreneur's update

LINK

1 year later

The past year was a year of plans slowly being unfolded. The Safe Silver business plan developed to a bigger plan called LINK. LINK is a brand, not only for silver jewellery, but for fashion accessories in general. The products are produced in developmental countries in a sustainable way.

Country Nepal, India
Total investment No investments yet, will start Sept. 2006 Expectation is € 200.000,- will be needed for year 1 and 2.
Turnover expected after start Sept. 2006
Contribution to Millennium Goals expected after start Sept. 2006
Direct employment expected after start Sept. 2006
Indirect employment expected after start Sept. 2006
Achievements
  • Suppliers: still strong relations with the silver factory, a volunteer will leave for Nepal in September to support the factory to become more professional, visit to India for women empowerment project, exploring opportunities for embroidered shawls, bags
  • I revised the business plan to a plan with a broader scope, not only covering jewellery but more products, meaning more partners to work with in development

*I quit my job! From September I will be full time entrepreneur carrying out the business plan I developed during the year. It appeared that it is not possible to set up a business next to a full time job. In this year I gained enough confidence to make the big leap

  • Contacts: broader developed network for financing, designing, sales, production etc.
Plans for 2007
  • Financial coverage of the plan
  • 3 product ranges launched (silver jewellery + 2 other categories), 3 supplying partners on board (Nepal, potential India and …)
  • Distribution throughout The Netherlands, starting with boutiques
  • Website launched

"This was a year of discovering my passion and my path for career in life. Also thanks to Utz Kapeh, my current employer I learned a lot and I experienced a enormous growth as a person. It made me confident enough to make a choice for following the spark which started with the BiD Challenge plan Safe Silver.

I am looking forward to be an entrepreneur and start the business with partners in development. I see it as a great challenge and a personal learning adventure."