RMIT postgraduate student John Pace shares his insights into the entrepreneurial spirit and what it takes to succeed as a fashion innovator.
Pace is currently in his final year of a Master of Fashion (Entrepreneurship), the first Australian masters by coursework specifically designed to foster the capability, knowledge and confidence to develop and grow a fashion enterprise or build a career in the global fashion industry.
What is an entrepreneur?
In essence, I believe an entrepreneur is someone who is able to recognise and execute an opportunity where others cannot.
In my eyes, a successful entrepreneur is driven, passionate and resourceful. They are able to analyse and take calculated risks, whilst also being resilient and able to move forward in spite of resistance and adversity.
What mindset does an entrepreneur need to succeed?
As an entrepreneur you are constantly faced with new and unfamiliar challenges, so the more exposure and experience you can attain, the better equipped you will be for whatever you future career may hold.
Never underestimate the importance of networking.
As someone at the beginning of their professional career I have learnt that making new connections, listening to people and learning from their experience is invaluable.
You simply never know when and where a new opportunity may arise, so it’s incredibly important to create a rich and diverse professional network.
How have you put these principles into action in your own studies?
My greatest accomplishment throughout my time at RMIT was an assignment developed for Retail Management Strategies in the first year of the course.
Two classmates and I were given a brief by the menswear company Gazman to devise growth strategies and solutions to assist them in penetrating the Generation X menswear market.
Our team included myself (with a commerce background), a lawyer, and a designer, and together we were able to develop an effective and innovative set of strategies that drew on the breadth of our skills in all aspects of fashion and business.
Our ideas were later presented to the company – the real-life nature of the assignment, with a brief developed and communicated by a prominent fashion business, gave it a greater sense of applicability to the real world.
How does RMIT foster entrepreneurship in the fashion field?
RMIT’s Master of Fashion (Entrepreneurship) is one of the first higher education programs in Australia that combines the principles of business and fashion.
As Australia’s leading university in the field of fashion and textiles, RMIT stands out as the best institution to pursue academic development in the field of fashion.
RMIT also focuses on connecting their students to real world industries.
While many other tertiary institutions focus purely on the academic environment, RMIT places great importance on combining the academic learning environment with practical industry exposure.
Build your career in the global fashion industry with the Master of Fashion (Entrepreneurship).
Story: Bradley Dixon
Photography: Georgia Quinn, RMIT Bachelor of Arts (Photography) graduate
Location: Courtesy of Eastern Market Fabrica Melbourne