From My Garden Shed To $100m Business Empire! - George Heaton
Added: Mar 25, 2024
In this podcast episode, George Heaton, the founder of the global fashion brand Represent, shares his journey from starting the brand in his dad's shed to growing it into a multi-million dollar business. He talks about the challenges he faced, the lessons he learned, and the importance of hiring the right people.
Starting the Brand in the Shed
Heaton started the brand in his dad's shed with a few friends, focusing on creating products that resonated with him personally. He had a passion for fashion and a keen eye for detail, which stemmed from his childhood experiences of tailoring clothes with his grandmother. Despite facing doubts and criticism from others, he was determined to prove them wrong and make the brand successful.
Early Challenges and Learning
In the initial years, the brand struggled to make significant revenue, with Heaton not taking a salary for seven or eight years. The products created in the shed were a mix of successes and failures, with Heaton learning valuable lessons about quality, fit, and customer feedback. He realized the importance of focusing on the consumer, asking them what they wanted, and being actively involved in the community.
Building the Team
Initially, Heaton hired his friends to work in the brand, but as the business grew, he realized the need for a more diverse and experienced team. He learned the importance of hiring exceptional people, even if it meant paying higher salaries, as they brought valuable insights and expertise to the business. He emphasizes the significance of learning from experienced professionals and being open to new ideas and perspectives.
Overcoming Plateaus
After reaching a revenue plateau of around 6 to 7 million, Heaton realized that the brand needed to evolve and grow to reach its full potential. He brought in a CEO with experience in handling a $500 million business to provide guidance and strategic direction. This move helped him understand the possibilities for growth, including expanding into new geographies, product categories, and sales strategies.
The Importance of Mentorship
Reflecting on his own journey, Heaton acknowledges the lack of mentorship and resources available when he started the brand at 18. He emphasizes the importance of sharing knowledge and experiences through platforms like YouTube and Instagram to help aspiring entrepreneurs navigate the challenges of building a successful business. By being transparent and authentic in his content, he aims to inspire and educate others on the realities of entrepreneurship.
Challenging Period
Heaton discusses the challenges he faced in the business, particularly during a dark period between 2018 and 2020. During this time, the business was stagnant, and they received a letter from another company claiming ownership of the trademark in Europe. This threatened to take everything they had built. He reflects on his struggles with limited beliefs and self-improvement during this challenging period. He realized that he needed to make significant changes in both his personal life and the business to overcome these obstacles. He describes feeling stuck and lacking confidence, which led to a lack of motivation for the business.
Overcoming Legal Challenges
The legal challenge of the trademark dispute added to the already difficult period for the business. Heaton and his team had to navigate through months of uncertainty and legal battles, with the other company demanding a significant sum of money. The constant threat of losing the brand name loomed over them, affecting their decision-making and overall morale.
Reinventing Himself and the Business
To overcome these challenges, Heaton embarked on a journey of self-improvement. He focused on rebuilding himself and becoming the person he wanted to be. This involved setting goals, creating a vision for himself, and working on his physical and mental well-being. He also made significant changes to the business, including shifting focus to direct-to-consumer sales, changing production processes, and revamping the brand's image.
Heaton believes that the core of Represent's success lies in the unique story of two brothers from Manchester who defied traditional fashion norms. The brand's focus on quality, exceeding customer expectations, and building a community around the brand has contributed to its cult-like following.
Hiring a CEO and Stepping Back
One of the most significant decisions Heaton made during this period was hiring a CEO to run the business. He realized that as a creative founder, he was not suited to the role of CEO and that it was hindering both his personal well-being and the growth of the business. By stepping back and allowing someone else to take on the CEO role, he was able to focus on what he was good at – creativity and design.
Building a Strong Company Culture
Heaton emphasizes the importance of building a strong company culture in driving the success of the business. He credits the CEO, Paul Spencer, for bringing in a people-first approach and creating a positive work environment. The company culture is characterized by transparency, collaboration, and a shared mission among the team members.
Handling Copycats
Heaton discusses the frustration of dealing with copycats in the industry but acknowledges that it is a part of the business. He believes that the most important aspect of a brand is its essence and values, which cannot be replicated by others.
Work-Life Balance
Heaton reflects on his personal growth and the impact of his work on his personal life. He admits to being obsessed with work and struggling to find a balance between his professional and personal life. He shares his journey of self-discovery and learning to prioritize his well-being while still being dedicated to his business. He opens up about his struggles with romantic relationships, attributing his past failures to his obsession with work and lack of self-awareness. He acknowledges the sacrifices he has made for his business, including not pursuing relationships and prioritizing work above all else.
Despite the challenges and sacrifices, Heaton expresses gratitude for his success and the opportunities his business has provided. He believes that true happiness comes from pursuing your passions and being fully committed to achieving your goals. He acknowledges the importance of building a supportive ecosystem and surrounding oneself with positive influences.
Mission and Vision
Heaton shares his vision for Represent to be more than just a clothing brand but a lifestyle and a mission. He aims to create a community around the brand and provide a space for customers to engage with the products in a physical store setting. He also discusses his plans for expanding into women's wear, opening stores, and developing a new brand called Cadence, focused on electrolyte drinks.
He shares his concerns about the potential risks of the brand becoming too popular and losing its aspirational appeal, drawing parallels to the rise and fall of other fashion brands like Burberry. However, he expresses confidence in Represent's current position and its focus on maintaining a core customer base and strategic distribution.
Appreciation and Gratitude
He expresses gratitude for the support and recognition of Represent's unique approach to design and quality. He acknowledges the importance of staying true to one's vision and values in a competitive industry.