Nicholas Wheeler: “I lost more money in three months than I’d made in the past three years”
The Founder of Charles Tyrwhitt tells us all about his biggest mistake...
Even as a schoolboy, Nick Wheeler was a natural entrepreneur — he ran a photography business, made bespoke shoes, and flogged Christmas trees to his friends’ parents. In his second year at university, Nick founded Charles Tyrwhitt, a mail-order shirt business. His friends and family thought he was mad.
Thirty years later, the company is a bastion of British menswear and a heroic success — but at one point, it very nearly folded. Here, Nick tells us how a single lapse in focus almost cost him everything he’d worked for.
One danger of running your own business is that as soon as you get good, you get bored...
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