Angela Qin's Blog

Blog #8 Makings of an Entrepreneur

November 16th, 2010 · 1 Comment

Lululemon is a great example of an entrepreneur.

They introduced new products in a new market.

Judging by the active lifestyle of Vancouver, Lululemon set out to make a brand of clothing that’s fashionable while functional.

1) Wealth

Lululemon is not just a small owner business because it has now grown into a million dollar industry

2) Speed

Lululemon has climbed quickly within the recent five years

3)  Risk

By pricing their items at a premium price, Lululemon faced a risk of demand

4) Innovation

The idea was to combine fashion with workout and it’s perfect for the vancouver envrionment

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