When KK read me the email, it truly felt like someone had punched me in the stomach. For a couple of days, we both floated in a bubble of denial, hoping our contact in the US would reply to our list of frantic questions with a solution. It never came.
The news was not what we were expecting to hear. They have decided to restructure and stop the international distribution model. Basically, our supplier will not be supplying us with anymore stock and advised us to close down the CW-X SA business.
Gutted. Angry. Relief. Disbelief. Hurt.
The timing was bitter sweet. After spending so many months getting our business up & running, we had just engaged in negotiations with a few partners to start advertising in top notch media. After a great evening hosting a stand at the Valentine’s Day Night race at Harriers, we had made plans with a few other clubs to sell our goods. Business had picked up! The tingling excitement when my phone beeped signaling a new order had come in never grew old!
Now we are sitting with the dilemma of swapping our growth strategy for an exit strategy.
It’s the weirdest thing. I’ve ping-ponged between feelings of complete sadness to days when I look back and at how much KK and I were able to accomplish in the last couple of months.
There are no regrets.
The purchasing process, registering our company, opening up bank accounts, setting up the website, learning about the product, selling to customers, the late nights of prepping social media posts and running campaigns on Facebook & Instagram. Every day I felt more alive than ever!
KK and I learnt so much about ourselves and one another too. Want to know how strong your marriage is? Run a small business part-time with your spouse! We’ve grown tremendously during this journey together.
We can’t thank our family & friends enough for the support during the last couple of months. You have been part of the success and the fun. The excitement you showed, the stories you listened to, believing in our vision. It has meant so much!
Thanks especially to all our brand ambassadors and loyal CW-X fans: Dan, Kirsty, Gwynn, Timaya, Advocate Karen, Julia and Zara, Carl, Isabel, Jonty and Portia. It was a hell of a ride!
So where to from here? A huge clearance sale of the stock we purchased. Updating the site to reflect the sale prices and trying to get back as much of our investment as possible. The learnings continue and I suspect it’s preparing us for our next business venture.
As readers who follow my blog, you’re the first to hear the news before we send out official comms to our customer database. The good news is that you’re also the first to take advantage of the sale prices. Head over to the site to grab first dibs on the most amazing running clothes you will soon not be able to get locally before we shut down the site.