
This corporate lawyer turned entrepreneur has transformed her side-hustle into a $30 million business, and she only just turned 30! Alyce Tran is the CEO and creative director of The Daily Edited, a retail brand that specialises in customisable and personalisable lifestyle accessories and leather goods. She is also responsible for the strategic direction, marketing, product design, brand development, and operations within Australia, Singapore and the US. Her only advice to young entrepreneurs is "just start".
Alyce
Tran came from very humble beginnings. Her parents moved from Vietnam to South
Australia, where they operated a strawberry farm in the Adelaide Hills. Always a hard worker, Tran
graduated from the University of Adelaide with a Bachelor of Laws and Commerce.
After University, she continued to climb the corporate ladder, working as a
solicitor and eventually moved to Sydney. It was in Sydney where
she met her co-founder and business partner, Tania Liu, who was also working as
a lawyer at the time. Together they started The Daily Edited, originally a
blog, as a creative outlet from their law jobs. The blog grew an organic
following and in 2014 The Daily Edited accessories line was launched... the rest
is history.
The
Daily Edited accessories line started with cardholders and compendiums. They
promoted the first pieces on their Instagram accounts and within weeks, the
line was sold out. Now, they sell everything from tote bags, to phone cases and pet accessories. Their affordable monogrammed leather goods have cemented the
monogram trend into the twenty first century (we want our names on everything), and in less than five years the brand has achieved international success.
However, it wasn’t as easy as posting aesthetically pleasing photos on Instagram.
Tran attributes her success to her incredibly
strong work ethic. When she was a lawyer, and TDE was her side hustle, she
would work at her day job from 9am until 7pm, and from 7:30pm until midnight
she worked on TDE. After the accessory line took off, her and Tania would be
packing orders until 2am to then get up at 7am to go to their ‘real
jobs’. Although she says she was a very tired and boring person during that
time, the hard work paid off and they both quit their jobs after saving a year’s
salary ($200k each). The company has gone from strength to strength since. Last
financial year, TDE had a turnover of $30 million and now has a team of more
than 140 employees globally.
Her advice to young women wanting to start their own business is to work really hard on your side hustle and don’t quit your day job, well at least not straight away. Although her accountant was advising her to quit her job as a lawyer and focus on TDE full-time, she made sure she had enough money to live on for a year if the business was to fail. She also highlights that being a woman can be a powerful thing in today’s business climate and has provided her with opportunities that a man might not have had (as well as her ability to multi-task). The top five qualities she looks for when hiring is a can-do attitude, enthusiasm and willingness to go the extra mile, the ability to write a decent email, and confidence.
Her advice to young women wanting to start their own business is to work really hard on your side hustle and don’t quit your day job, well at least not straight away. Although her accountant was advising her to quit her job as a lawyer and focus on TDE full-time, she made sure she had enough money to live on for a year if the business was to fail. She also highlights that being a woman can be a powerful thing in today’s business climate and has provided her with opportunities that a man might not have had (as well as her ability to multi-task). The top five qualities she looks for when hiring is a can-do attitude, enthusiasm and willingness to go the extra mile, the ability to write a decent email, and confidence.
If you liked this post, please comment or share it on Facebook and Twitter below.
P.S. I'd love to meet you on Twitter!