Difficult Quote by Joe Mimran
“In my early days, fashion was considered a very high risk industry. The failure rate is very high. Trying to get capital and trying to find people who specialize in that industry is very difficult too.”
About This Quote
Source Interview: Fashion Business Talk, 2005
Fashion is high‑risk, with many failures and scarce capital and talent, making entry difficult.
In simple terms: Fashion is risky and hard to fund.
Key Takeaway
Seek strong networks and realistic risk assessment.
Themes
risk
entrepreneurship
industry challenges
Mood
cautious
determined
Type
business
advice
When to use this quote
- startup planning
- investment pitching
- talent recruitment
- risk mitigation
Key Concepts
capital scarcity
specialist talent
failure rates
Questions to Reflect On
- How can new designers reduce financial risk?
- What networks help overcome talent shortages?
A Different Perspective
High failure rates can deter innovation.
![“There have been a lot of changes [in the fashion industry], of course. You just have to accept it and be strong.” quote by Carolina Herrera](https://sms4smile.com/quotes/img-quotes/701/carolina-herrera-3326_accepting_there-have-been-a-lot-of-changes-in-the_2564919.jpg)
