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Real-Life Decision Making

Millinery is a forgiving profession. A wrong choice in design or material may not have a significant impact on the bottom line.

"With a certain amount of experience and familiarity with the material, [an error] is not an expensive problem," says Wayne Wichern. He is a milliner in Seattle. He says that wrong design decisions may actually improve the final product.

"An error often points me in a new design direction," he says. "So [an error] can be fortuitous a lot of the time, but not when you are in hurry to get something done, and it is not going right."

But milliners must be decisive when they deal with money and customer relations. It is a small industry, and reputations matter a lot.

You are a milliner. A client wants you to make a hat for a wedding. She wants you to make it out of the same cloth as her dress, so that her hat and her dress match perfectly.

But there are problems right from the start. You and your client have a difficult time understanding each other over how the hat will look like. But the hat is eventually done, and your client is ready to pick up her hat from your shop.

As you write her bill, she asks you to lower the price on the basis that she paid for part of the material. But this condition was part of the original agreement. What do you do?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.