Last year we introduced you to definitely Petit Collage – a San Francisco-based producer of contemporary baby and child wall décor and accessories – and owner/designer/artist Lorena Siminovich. Petit Collage received $150,000 through PCV's loan program, plus free expert consultancy through our Business Advising program.
It's been approximately annually, just how is Petit Collage doing?
Lorena's projecting her 2022 revenues will clock in at $1,955,000 – almost $1,000,000 more than in 2022. Some of the factors which have sparked this rise are:
- A new relationship having a distributor in Australia, which has exposed new markets to her and her business.
- A contract with Citrus Lane, a regular membership box service where mothers receive a monthly box of “surprise” baby items for any fee every month.
- Her sales manager is now developed enough professionally to recognize which states are trending what way, and which goods are trending.
What’s Next With this Small company?
This fall, Lorena will be presenting at the largest baby gifts tradeshow in the world, in Cologne, Germany. While she's there, she's hoping to ink agreements to distribute her products in five EU countries, including Germany and Spain. At the same time, her staff will be attending largest baby gifts tradeshow within the U.S., in Vegas.
And she's were built with a number of successes this year, beyond growing her revenues. She's hired two more folks to her staff (now up to 7!), and Petit Collage was selected like a example through the MBA design program at California College of the Arts.
So what remains to do? Despite her successes this season, she's still trying to grow her web store. A user-focused website and e-commerce storefront are critical to sustaining a business these days. Lorena has been able to retain an advertising and marketing firm to assess her progress, and they're beginning to use her on messaging and branding.
In the marketplace for a present for a newborn you realize? Check out Petit Collage. We're partial to the wooden toys. And if you realize of a local entrepreneur that may take advantage of a SAIL loan like Lorena's, have them reach out to Carly to see simply how much capital their small company is qualified for.
