Prince Harry and Meghan Markle Made a Ton of Mistakes With Their Sussex Royal Business Plan
Though things are still very much up in the air regarding the details of their lives post-Megxit, Prince Harry and Meghan Markle are loving their newfound freedom. Since resigning as senior working members of the royal family, the pair have been living a quiet and peaceful life with their infant son, Archie Harrison, on Vancouver Island in Canada.
The couple is hoping to maintain some semblance of privacy. However, now that they are financially independent, the duo must make a living. Thus far, the Sussexes have reportedly been paid $1 million to speak at a JP Morgan event in Miami. Additionally, they had an extensive brainstorming session at Stanford University for their upcoming charity.
Though they are clearly making strides — some royal experts are claiming that the Sussexes’ business plan is a mess.
Prince Harry and Meghan Markle don’t really have a clear plan laid out
Though they’d been clear about the unhappiness — Megxit came as a surprise to everyone. The duke and duchess had obviously been thinking about it for some time. However, the direction of their new lives and their forthcoming charitable entity hasn’t been exactly laid out.
In fact, it appeaers, that the pair are in no rush to slap someting together. “These plans take a lot of time, and staff are putting in the legwork to prepare it properly and make sure it delivers on the expectations and the couple’s ambitions,” the alleged insider explained to People. “It’s full throttle for them right now. They have a lot happening in 2020, and it will be really exciting to see.”
Meghan Markle and Prince Harry may have to rebrand
Though they’d hoped to launch their new brand under the name Sussex Royal — which is currently their Instagram and website name, that may not happen. The Sussexes submitted a trademark application for Sussex Royal in June 2019. The trademark covers printed materials — like magazines and booklets — as well as clothing items, education, social care services, and charitable fundraising.
However, someone has already filed a complaint with the trademark which could prevent the duo from using it. To make matters worse, Queen Elizbeth may ask the Sussexes to drop the “royal” part of their brand — which is the most lucrative piece of it.
“As the Duke and Duchess of Sussex are stepping back as senior members of the royal family and will work towards financial independence, use of the word ‘royal’, in this context needed to be reviewed,” a royal source told People. “Discussions are still ongoing….As part of the process to transition the Duke and Duchess of Sussex into their new chapter, planning has been well underway around the launch of their new nonprofit organization. Details will be shared in due course.”
Prince Harry and Meghan Markle made mistakes with their business plan
The Sussexes are embarking on a new venture in their lives, so everything isn’t going to be perfect. However, political commentator Suzanne Evans believes the Sussexes have made every mistake possible with their new business.
“It’s a classic example of how not to set up a business,” Evans said on Good Morning Britain. “They’ve made every mistake in the book. They built this website in secret, suddenly launching it on an unsuspecting world. And of course the Royal Family went, ‘oh, what? Stop? No, it’s not going to happen’. You can’t trade on the royal brand, it’s an institution.”
This is just a small snag, we’re sure the Sussexes will figure it out.