Erin Lichy, known for her appearance on “The Real Housewives of New York City,” recently shared her experience with a previous handbag business on Jason Tartick’s podcast, “Trading Secrets.” Despite the venture not reaching the success she had hoped for, Lichy considers it a valuable learning experience.
According to Lichy, the handbag business resulted in a loss of over $100,000. She emphasized the challenges of the fashion industry, mentioning the difficulties of production costs and minimums in overseas manufacturing. Lichy expressed discomfort with manufacturing in China and eventually transitioned to producing in New York. However, she found this process to be slower and more costly due to importing materials from Italy.
Reflecting on her experience, Lichy described the fashion business as a “never-ending battle” and admitted to not raising capital for the venture. Despite the setbacks, she emphasized that she has no regrets and views the experience as a valuable lesson in building a business.
Following the handbag business, Lichy and her husband, Abe Lichy, ventured into a new business together as co-founders of Mezcalum. This time, they approached the venture with a different strategy, including partnering with sales experts, advisors, and raising capital.
Overall, Lichy highlighted the importance of learning from past failures and using those lessons to approach new ventures more strategically. The experience with the handbag business has shaped her approach to entrepreneurship and has been instrumental in the development of her current business with her husband.
In conclusion, Erin Lichy’s journey in the fashion industry serves as a testament to the resilience and adaptability required in entrepreneurship. Despite facing challenges and setbacks, she has emerged stronger and more prepared for future business endeavors. The world is constantly changing and evolving, and with each passing day, new discoveries are made that reshape our understanding of the world around us. One such discovery that has captured the attention of the scientific community is the recent identification of a new species of dinosaur.
The newly discovered dinosaur, named Tyrannosaurus rex, was unearthed in a remote area of Mongolia by a team of paleontologists from the University of Mongolia. The team was conducting an expedition in the region when they stumbled upon the fossilized remains of this fearsome predator.
Measuring over 40 feet in length and weighing an estimated 8 tons, Tyrannosaurus rex is one of the largest and most powerful carnivorous dinosaurs to have ever roamed the earth. Its massive jaws were lined with razor-sharp teeth, and its powerful legs allowed it to run at speeds of up to 25 miles per hour.
What sets Tyrannosaurus rex apart from other dinosaur species is its unique physical characteristics. Unlike other theropods, Tyrannosaurus rex had a large, rounded skull and tiny, two-fingered arms. Its massive size and powerful bite force made it one of the most formidable predators of its time.
The discovery of Tyrannosaurus rex has reignited interest in the study of dinosaurs and has opened up new avenues of research for paleontologists. By studying the fossilized remains of this ancient creature, scientists hope to learn more about its behavior, diet, and evolutionary history.
In addition to its scientific importance, the discovery of Tyrannosaurus rex has captured the imagination of the public. The news of this new dinosaur species has sparked a renewed interest in paleontology and has inspired a new generation of dinosaur enthusiasts.
As researchers continue to study the fossilized remains of Tyrannosaurus rex, they hope to uncover more secrets about this fascinating creature and gain a better understanding of the world in which it lived. The discovery of this new species serves as a reminder of the incredible diversity of life that once existed on our planet and the importance of preserving our natural history for future generations.
