Simple+ was founded in December, 2014 as a student company producing mobile clothes hangers. After a few weeks, we realized that it can’t be our product because of impossible manufacturing. So we designed – unique clothes cover bags.
After 4 months, we realised that we are working in a successful student company which has a highly rated product. We decided to found a real company. To obtain an additional funding we took part in the municipal grant contest “Madona can do better!”.
Subsequently, we did a calculation to select the most suitable business form. On 10 April 2015, the student company Simple+ was registered with the Business Register of Latvia. We found a way to upgrade our product, make it more comfortable, of higher quality and cheaper, a way to reduce costs and become more profitable. Now we are doing mass production which noticeably decreases the cost.
In the first 7 months, we have achieved the following:
- sold over 150 cover bags (including international customers)
- reduced costs with outsourcing
- competed successfully in various trade fairs
- won the contest in the International Student Company Festival 2015 in Latvia (Riga)