Community Information
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Title: Seeking Guidance for Expanding a Family Clothing Business & Pursuing the Right Master's Degree
Hello Hood🫡 , I'm reaching out for advice from experienced professionals and entrepreneurs in retail, fashion, and education. I’m in the process of expanding my well-established family-run clothing business into a chain of standardized stores across India, and I need your insights to shape this journey. Below is an overview of my plan along with some specific questions: # Business Vision * **Family Business Legacy:** I come from a well-established family business specializing in readymade clothing and fashion. We're particularly known for having one of the largest collections of men's ethnic wear and for providing excellent customer service. Our main clientele is from the outskirts of the city, and we also enjoy strong brand recognition within the city, built on years of goodwill and trust. # Business Expansion Plan * **Chain Stores:** I aim to open small to medium-sized stores in different parts of the city, with plans to expand to other cities later. * **Category-Specific Focus:** Each store will specialize in one or two categories, such as menswear, womenswear, or kidswear. * **Standardization:** The goal is to ensure consistent pricing, quality, and service to address the current irregularities in local markets. * **Enhanced Customer Experience:** I want to provide a warm, personalized shopping experience that online platforms can’t match. # Why a Master’s Degree? To strengthen my skills and build credibility, I plan to pursue a master's degree abroad. I’m looking for practical programs that focus on: * Retail management * Private labeling * Automation * Brand expansion # My Background * **Education:** Completed BBA in June 2024 with a GPA of 6.78. * **Professional Experience:** Currently self-employed and actively managing our family business. # Questions for the Community 1. **Courses and Countries:** 2. What master’s programs and countries should I consider that align with my business goals?How can I select a course that builds investor confidence in me as an individual? 3. **Timing & Scholarships:** 4. When would be a good time for me to apply for a master's degree? I’m 22, and while I know I might be starting a bit later due to my average scores, could waiting provide any benefits?Is there any way to increase my chances of getting scholarships? Would preparing for exams like the GMAT help my profile? 5. **Feedback on the Plan:** 6. How does my business expansion plan sound?What key factors or potential challenges should I consider as I move forward? 7. **Business Models:** 8. Are there any successful retail business models or strategies you’d recommend for chain store operations and private labeling? **I genuinely need your help** as I’m feeling a bit stuck, and your insights could have a huge impact on my next steps. The time is crucial for me—not just for my own career, but also because my parents are concerned and eager for a solid action plan. If you have any advice, experiences, or suggestions, please upvote and comment to help extend the reach of this post to others who might offer solutions. Your support means a lot! Thank you in advance for your guidance and for taking the time to read my post.3
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