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Bringing Business to Retail

How You Bootstrap A Start Up Business With $810,000

16 May 2016

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I've seen Megan speak before, and I remember that her insights into retail were very different to what other people were spruiking. Coming from a background in business, Megan grew up in pubs. She recounts many stories, such as riding her tricycle around the ballroom, how her dad taught her that you're never to senior to pick up a broom. And how watching the cash being counted in the evening, how she said to her dad 'look at all that money, you must be rich'. And how her father took that stack of bills, and showed her how much went to wages, overheads, restocking and rent, and the small amount that was left over. Whilst I was listening to her talk, I could see this picture in my mind, and I immediately thought 'what a fantastic way to show a child the meaning of money'. So much of what Megan had to say, had me recounting my time in business, and how as retailers, we often overlook key areas of business, because we aren't confident enough to stand out. As the co-founder of net-a-porter, the super luxurious,      online fashion store, Megan's love for expensive handbags, her eye for style and her introduction to the internet put a wild idea in her head.

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