ACE NextGen Member Stories: Get to know the ACE NextGen community, what we do and why we’re here.
MEET CHEWY JANG
President of Kids Dream
Tell us about your business.
Kid’s Dream is a special occasion girl’s dress brand headquartered in Los Angeles, CA. We have a showroom, warehouse, and a fabric cutting facility in Downtown Los Angeles and manufacture majority of our dresses locally. Kid’s Dream dresses are catered to girls age 3 months to 12 years and we wholesale to authorized retailers in over 30 countries.
What is the origin story and inspiration for your business?
My parents had a clothing manufacturing company in South Korea since they were 24. When we immigrated to America in 1995, they found jobs in Downtown Los Angeles as sewers and 2 years later started their own manufacturing company. I pretty much grew up in the garment district helping my parents with small jobs during my summer vacations. In 2012, we were really blessed to have the opportunity to buy out a company (Kid’s Dream) that my parents sewed for. My parents continued manufacturing and I took on the wholesale/retail side of the business.
What’s been the happiest moment of your business? And your lowest? Any lessons learned?
Happiest moment was in 2015 when we had record sales and we were able to pay back the entire loan from the purchase of the business. Lowest would honestly be now since sales have dropped dramatically due to increase in competition from abroad and platforms like Amazon. Lesson is that good times never last forever so don’t get too comfortable! You always have to look to the future and be ready to make changes if you want to stay ahead.
Why ACE NextGen? What brought you to the ACE NextGen community?
I was introduced to Ace NextGen 2 years ago at the Vegas conference. I’m currently 27 so it was really cool to meet entrepreneurs closer to my age. I really cherish the relationships I built with the other members because not only can we discuss important business matters, we also have a lot of fun together.
What advice would you give to you rising entrepreneurs?
Have a crystal clear understanding of your market and your customer. Keep your eyes open to the changes in your industry and make sure you’re staying current. And finally, be ready to work your butt off! It won’t get easier for awhile.