Brightening Children's Wardrobes, the Environment and our Community!


Saturday, February 27, 2010

Simlutaneous Processes


Besides the inception of the dream it may seem like a boring process until now. However, it was never boring at any moment. So many things were happening at once. Though the first legal step to Bot Tots was to form an LLC, so much more was going on. For example I sent my very terrible sketches to my childhood friend and she began to work on them. The first thing she worked on was the logo. This was one of the most exiting things to happen during the beginning stages of Bot Tots. It may seem so trivial, but when I got the logo variants from her it made everything so real!! Ever color combination was perfect and it was so difficult to choose. I new from grad school that our logo was so important. It was not only the image of the company, but represented so much more. It is what secured brand identity and brand loyalty in a very saturated children's clothing market. It had to stand out...it had to seem gender-neutral...it had to appeal to all of our target markets. Eventually we decided on the green/orange combination and I think it was a perfect choice.


While my friend (and now partner) was working on all the fun creative stuff, I was developing a business plan and marketing plan. This was very important for Bot Tots for two reasons. 1: it enabled both my partner and I to be on the same page of Bot Tot's mission, goals and objectives, and 2: I needed investors!! Investors aren't going to invest money in just an idea. I needed to be organized and to prove the potential of the company. The Business Plan and Marketing Plan collectively took about two months. Most of this time was spent researching the market and reaching out to successful business owners for advise on all types of business operations. If you're thinking about starting a business and want to develop a business plan you can get a template from the SBA website. However, I didn't use this template as I already had a couple from grad school. The process of developing both plans was so eye opening. It really gave me an understanding of my own company believe it or not. You can have an idea in your head, but when you begin to put it on paper the idea expands and organizes.


So throughout this blog you will hear about the business process or the creative process all of which were are happening simultaneously. I now am the sole owner of Bot Tots and have three artists working for me. Every day is a busy day for Bot Tots and I'll try to share all that I remember.


On a personal note: I am not one to finish projects easily. I've always said I was a great starter and a poor finisher. I am so proud of Bot Tots because I committed to follow through and to date I've stuck to that commitment. I believe in what the company stands for and the products we offer so being committed isn't that easy. I will tell you that owning your own business isn't for the faint of heart. There are good days and bad days..ups and downs. You'll make through it all as long as you believe in your business and your products. I always thought it was so cheesy when business text books tried to convince sales people that they just wanted to "help people." I would always refer to my experiences at car dealerships and The Buckle (if you've ever shopped there you know what I mean). Sales people are just SO annoying and certainly didn't seem to help me in anyway...but you know....I do believe Bot Tots helps people. I've heard stories about kids who have our t-shirts who literally want to wear them every day. They've even snuck them out of the dirty laundry hamper to wear. We're helping parents, grandparents, teachers, etc. put smiles on children's faces. We're helping our customers teach children important lessons in friendship, humility, kindness, and environmental care. So the text books were right after all.

Friday, February 26, 2010

The First Step

So the concept of Bot Tots was born and the partnership with my talented childhood friend was formed. We agreed that she would be responsible for anything creative and I would be responsible for any business. I was so new to this that I had to do a ton of research about what it meant to become a business. It was so overwhelming that I sought advise from the Small Business Administration and secured a SCORE coach. If you are thinking about opening your own business of any type I highly recommend a SCORE coach!! They are amazing, experienced, and wonderful people who want nothing more than for you to be successful. You can begin by clicking on the link above and then go to the tab "Services" and scroll down to "counseling and assistance." When you click on this link the first section you will see is "SCORE."

My SCORE coach helped in so many ways. First, he suggested I become an LLC. LLC's are a type of business formation in the United States. LLC stands for Limited Liability Company. The cool thing about the formation is that for tax purposes the IRS sees LLC's as a non-entity which means that you're really just taxed under your social security number. But, in the eyes of the law you as an individual have limited liability when it comes to your company. This simply means should you get sued or worse your assets are separate from those of the company. In the state of Arizona LLC's are fairly simple to file. You file your Articles of Organization which list who is owner, member, manager of the company. You pay a very small fee, I think around $50.00 and 30 days later you get a letter from the Arizona Corporation Commission regarding your application. Oops I forgot one thing...make sure your business name isn't already taken in your state, nationally or even internationally. You need to do this because you will more than likely want to trademark your name. OK...back to the LLC process. So the final step is to publish your articles of organization in the county you filed. I am a military family so I had my mom make herself the "Statutory Agent," so I published the Articles of Organization and there you have it...Bot Tots is an LLC.

DISCLAIMER: I am not an attorney, legal professional, accountant, or of any other profession pertaining to business formation, etc. I do not profess to be an expert in any of the above Fields, nor do I advise you do anything I did without seeking professional counsel. I am not liable for anything you've done or will do as a result of reading this post or any other post.

Thursday, February 25, 2010

How It All Began!


It all began after having my first daughter in December of 2008. I was on maternity leave from my position as a Child Protective Services Specialist with CPS of Arizona. I always assumed that I would return to work after leave, but fell so quickly in love with my precious daughter that I knew I was going to find a way to stay at home with her for as long as I could. After realizing I had some retirement I decided to use it for a year and pay myself a monthly salary (500 per month haha) to stay at home for the first year. So that resolved the problem of staying at home...but I'm not the type of person not to have more than one project on the plate so I began to have thoughts of owning my own business.
Just seven days before I gave birth I graduated with my MSPM from Boston University. I knew I had "fresh" knowledge of business operations and other applicable information. One day I was putting away the Christmas ornaments and happened upon one of my favorites; a robot. I was just talking with my husband about how boring organic clothing was and how it needed more pizazz. It all came to me that day...vibrantly colored organic clothing with robot characters on the front. I began to sketch (very very bad sketches) the characters and contacted my very dear childhood friend who just happened to be a very talented graphic artist. She agreed to enter into a partnership and so Bot Tots was born.

Introduction


Bot Tots is an emerging infant and children's apparel line. We pride ourselves on being an eco-friendly and socially conscious company and offer organic apparel and books printed on 100% recycled paper.
This blog is so much more than an attempt to get the word out about my young company. As many 20-somethings (almost 30) who have graduated from college with one or more degrees, I've had several jobs or "careers" all of which I was able to enjoy, but non of which I truly saw myself sticking with. Our education is only a small part of who we are. It really opens doors, opens our eyes, and paves the path to success....our own definition of success.
I remember being in undergrad and stating "I just don't want to be in business...anything but that...and here I am a new small business owner during one of the worst economic times in America. Its only been four months since the launch of Bot Tots one year since its inception, but I feel I've learned so much from experience and have so much to share to all of you who are exploring alternative career options. Though some of these stories may seem negative it all leads to a positive outcome. You'll hear about my personal life, family life, business life and anything else that played a role in what make Bot Tots the awesome company it is today!
So thanks for stopping by and I look forward to sharing all that I've learned and all that I am.