Quarterly Report #3
last Quarterly Report that I wrote left us on the brink of reaping the satisfaction and rewards from a lot of our hard work, so this quarter we happily got to enjoy that while also working towards new goals. Here are some of the main things to have happened in the last three months: Anniversary: On December 15th we celebrated the first anniversary of Thread Theory as an incorporation. We held an "Anniversary Sale" so that you could all join in on the celebration as well and were thrilled that it was a huge success! aesthetic of the tissue patterns so far and hope that our graphic designer, Sonia Bishop, reads this because this success is all due to her! Stockists: A large hurdle that we stumbled on but have since happily climbed over consisted of gathering stockists to carry our tissue patterns. Our system was a little clunky and awkward at first because we were overly eager and sent out a pre-sale notice to stockists before we actually had our pattern envelopes in our hands. Of course, we were bombarded with questions such as "How much is shipping?" and "Can you send photos of your product?". We couldn't answer any of these questions without our complete set of packaging which was delayed due to an error in printing. Some of you may remember that one of our goals in the second quarter was to no longer make public announcements and promises until we had all elements under our control. That goal stemmed from this delay and we are proud that we have met this goal ever since! Despite our confusing start to contacting stockists, we are very pleased to have our patterns currently carried by 20 retailers with 7 more retailers either waiting for their package to arrive in the mail or taking the last steps to finalizing their order. Goldstream Peacoat was weighing us down last quarter. It was a lofty goal to include such a complicated pattern in our first collection but I couldn't be more proud of how it turned out. We launched the PDF version of this pattern on January 17th and the tissue version of the pattern will be available on March 10th. My goal with the Goldstream Peacoat was to create a design that allows sewers to create a very classic looking outerwear garment with the simplest techniques possible. I think that the seam lines and sewing instructions make this possible and hope that the peacoat will help intermediate sewers easily conquer their fear of sewing a coat! My mom finished sewing her version of the coat for my dad very recently and was shocked by how quickly and painlessly the sewing process went. She is an intermediate sewer who hasn't done much in the way of garment sewing for a number of years (but she sews just about everything for her sailboat) so was a little nervous about sewing a wool coat. She plans to write a guest blog post to tell you about her first big outerwear project and I will be sure to include lots of photos of the amazing results! New Patterns: We also have three new secret patterns currently in development. We plan to release all future sewing patterns in both their PDF and Tissue Variations simultaneously now that we have our system better worked out. The next pattern will have a launch day of March 17th and it is currently in the mail to stockists. It is the very first pattern to be part of our Alpine Collection which will consist of "Adventure Menswear": clothing that is designed to be rugged and allow for lots of movement during physical activity. The other two patterns don't have release dates scheduled yet but we will keep chugging away at the process and we look forward to showing you the designs. Sew It All T.V. (PBS)! In order to film this episode we will have to head to Golden, Colorado so we have decided to do so via land rather than air so that we have a chance to meet some of our stockists. I posted about the trip here but since then we have arranged a trunk show with Fancy Tiger Crafts in Denver the on April 22nd. We are really looking forward to meeting anyone who can make it out for the evening! Magazine Features: Both Sew It All magazine and Sewing World magazines kindly published little features of our company in recent issues. Check them out! We're hoping my aunt can bring over the Sewing World issue from England when she visits next month, it would be great to see it in person :). New Website: Most recently, Matt spent hours and hours (and days and days) at his computer building us a new website. When we launched our tissue patterns we quickly realized that our current store simply would not work for us any longer - there was no way to have the PDF and Tissue versions of each pattern under the same product without accidentally charging shipping for PDFS...yikes! We love our new store and look forward to making better use of the banner feature (wait until you see the photo we will be putting up on it on March 17th!). We also made Pinterest boards to attach to each product so that you can see as many versions as I can pin all at once for sewing inspiration. Goals: We have quite a few goals for our next quarter. Here are a few of the main ones for you to examine in list format:
- Continue to be patient and announce developments and make promises only when all elements are under our control. Things take longer this way but the process is also a lot less stressful for us! Nothing makes me worry and stress more than owing someone something that we promised.
- Make the VERY MOST of our road trip to Colorado. I really look forward to using the connections we have developed online through this blog and our business to develop real life friends at our different stop off points on our way south. I don't want my shyness to inhibit making new sewing friends and I don't want our busy schedules to stop us from making plans to meet bloggers, stockists and any other sewing destinations I discover between now and mid-April. If you'd like to meet with us, comment or shoot us an email (email@example.com) and I would be thrilled to arrange something!
- My personal goal in these next three months is to take the initiative to learn more of 'Matt's side' of the business. I have been working hard in the last couple weeks to become proficient at our daily accounting and my next goal is to learn to smoothly operate our new website dashboard (including some basic coding...eek!). Matt can launch into detailed analysis of dart placements or fabric choices (which often makes me pause in my tracks in shocks...I often expect to be engaging in a sewing monologue only to find I'm having a thorough sewing discussion, when did that happen?!) so I want to be able to do the same when he wants to talk business! I also want to be able to give him a day off once in a while since his involvement in the local fire department is getting to be more time consuming of late (which I have already been doing with our daily accounting and customer service).
- Lastly, and here's a big one, I want to ramp up the frequency of tutorials and sew-alongs on this blog. I have been letting this slide for the last two quarters (even though it was one of the goals I made in the last quarterly report...oops) and so have plans for a sew-along for the pattern we will release on March 17th. I also have a pretty exciting idea to increase the frequency of tutorials which I hope to implement in May. Wish me luck!