Fashion Business Plan Workshop
Fashion Startup Business.
216. Most of our clients starting a new UK clothing line do not have, or feel the need for, a fashion business plan when they approach us.
We are a springboard into the fashion world, where inexperience is not a handicap because we have a team of highly experienced fashion experts providing a comprehensive service for fashion entrepreneurs.
We are there to help and advise new fashion startups every step of the way.
We normally advise on starting small and learning from those small mistakes that could otherwise have been big mistakes. Working with us, we would hope that there are no mistakes at all.
The experience gained from working with us on your fashion brand means that you are well placed to move to the next stage. When you move to this next stage you need to at least look as if you know what you are doing, especially if you are looking for funding.
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Create A Business Plan
At this next stage, any serious fashion startup entrepreneur has to have a professional business plan. This is absolutely vital, not just for securing any potential funding , but for the benefit of the business owner themselves.
Fashion Startup Workshop
We normally suggest that any startup business owner coming to us should initially complete our Fashion Startup Workshop. Later we suggest our Create a business plan workshop. This is fairly self explanatory. We sit down with you to create your business plan.
Emile runs these two hour, one to one workshops. He is himself a designer and fashion business entrepreneur. He understands how the very competitive fashion business works, with its specific costs and its extreme emphasis on branding. It is this branding that adds a premium value to any product, so is extremely important in calculating a business plan.
Business Plan Workshop
We run a two hour, 1-1 bespoke workshop designed to create your own personal fashion business plan with you. For those new to the fashion business we recommend if possible combining this workshop with our fashion start-up workshop.
Do I Need A Business Plan ?
Many of our clients do not consider it necessary or worthwhile to construct a business plan, especially if they are not planning to obtain loans or to attract investors.
While that is a reasonable view, a business plan can be a very useful tool for our clients to better understand the costs and processes involved in setting up and running a fashion business in the UK.
A business plan will help inform you whether your business is viable, how much money would be needed to start your business and where that money would go at what stage in the development.
It helps enormously to have to think through the logistics and to have some written clarification.
Vital Information.
In order to run a successful and profitable fashion business, a business plan is tremendously important. It contains vital information on your products, competitors, pricing, marketing and finance. It also helps greatly in defining your business goals and objectives.
The fashion business is very different to many other businesses due to the short life cycle of the product. If everything is not planned and coordinated correctly the product may not come to market at the correct time, which could seriously effect the price and the cash flow.
It takes many hundreds of hours just to pick up the basic information needed to set up and run a successful fashion business. We ourselves always suggest that our clients learn alongside us as they get on with the real business of designing and creating fashion.
We can supply invaluable mentoring and advice . In my opinion this is infinitely better than spending forever researching and planning.
Executive Summary
The executive summary is a short preface of the business plan report. It focusses the mind in order to distill the essence of your business down to a page or less.
This page may well be the only page that is read by a potential investor, so having a strong executive summary is key. In fact the first sentence may be the only part that gets read. So there is a good argument that your executive summary needs an executive summary.
EMAIL [email protected]
” The beginning of wisdom is to call things by their proper name” CONFUCIUS
” To study and not to think is a waste”. CONFUCIUS