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By Susannah Davda | The Shoe Consultant

What has 2020 taught shoe entrepreneurs?

What has 2020 taught shoe entrepreneurs?

As a shoe brand founder, it’s easy to put unrealistic pressure on yourself. Do you think you could have done more this year? Perhaps you hoped to finally launch a shoe brand, or to sell more pairs from your fledgling company. Frankly if you have done anything beyond survive this year, I’m impressed.

Now is a great time to have a look at the impact of external and internal factors on your shoe brand plans.

window and trees

2020 has been packed with challenges

For example:

  • Factories closed unexpectedly
  • Downturn in purchases
  • Shop closures
  • Mental health challenges
  • Bereavement
  • Childcare issues

What else has created a problem for you and your footwear business? Write everything down. Then next to each of the items on your list, write how you handled each challenge. Read it and feel extremely impressed with yourself.

Susannah The Shoe Consultant typing at a laptop with shoe pictures in the background

What have been the advantages of this year?

For example:

  • It forced you to pivot into an exciting new product area
  • More time on your hands meant you reassessed your priorities in life
  • Do you know yourself better? Have you worked out why you procrastinate, and how to get on top of your to-do list?
  • Increased sense of wellbeing because you stopped rushing around/spent more time with your loved ones/exercised because it was a reason to leave the house!

What other advantages have come out of 2020 for you? Again, write these down. How have you made the most of these positives? Well done you!

Woman writing in a notebook with red shoes and ipad and glasses of water on the table

What will 2021 be like for shoe brands?

None of us really know the answer to this. However, we can assume that even if a vaccine is rolled out successfully to most of the population, customer spending power will be suppressed by financial concerns.

So how can we make plans when we have no idea what 2021 will hold?

Build flexibility and contingencies into your plans. Think of a flow chart or quiz where if one thing happens, you can act in one way, and if circumstances are different, you will take the other route. For example, if big weddings are allowed in your target market, you will promote your occasionwear and bridal shoes. If they’re not, expand your flats collection…which would be a low-risk option anyway.

Focus on shoe styles which can be worn casually and to events. If your customer were to only buy one pair of shoes next year, what would they be? Now design and develop those!

Ballet pump illustration - side view and top view

You’re not alone

My plans for 2021 are to keep supporting entrepreneurs one-to-one, continue offering my popular How to Start a Shoe Brand course, run more masterclasses on specific topics, and – this is the one I’m really excited about – build a community of shoe entrepreneurs!

Sign up to my Shoe Biz Club monthly newsletter to receive more tips for shoe entrepreneurs.

Susannah The Shoe Consultant holding a cup of tea with orchid plant in shot

Back to Shoe News | The Shoe Consultant

About Susannah Davda

I am a professional shoe consultant providing shoe consultancy to startups and established businesses. I enjoy nothing more than working with businesses on a one to one basis and helping them achieve the success they crave. Learn more about how I can help your shoe business.

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Susannah Davda
The Shoe Consultant Ltd
Greater London
UK

Email: susannah@shoeconsultant.com

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