M: In this episode of Money Talks, our guest is Molly Sanders, a university student and a successful young entrepreneur. Molly, tell us about your business.
W: Well, I sell specialty clothes through a website, mainly for women who have trouble finding suitable clothes in main street shops because of their height or weight. But I do some men's clothes too.
M: How did you get started in this business at such a young age? Are you studying fashion design?
W: Actually, I'm majoring in finance, but I've always loved clothes. And I started making my own at 14.
M: Did you have any sort of training in design or sewing? Or was it a natural ability?
W: I'd have to say no to both. No one taught me to make clothes and most of the things I made at first were disasters.
M: Why did you persevere? I think most people would give up if they kept failing, especially at that age.
W: I kept on out of necessity. As you can see, I'm very tall and I couldn't find clothes that fit me in ordinary shops. So I kept trying and developed my skills over time.
M: Well, my notes say you earned $50,000 in profits last year, an extraordinary amount for a 20-year-old student. How did that happen? Did you see a gap in the market and decide to fill it?
W: No. When I started university, some classmates complimented my clothes. And when I said I made them myself, other tall women started asking if I would make theirs. And I did. And before I knew it, I was an entrepreneur.
M: So what are your plans for the future? Do you intend to open a physical store?
W: No. I'll keep things online to keep costs down. But I will add more clothes for children, both girls and boys, and possibly even for infants. And I hope to add to my range of designs for men.