We always hear this: “Millionaires have 7 Streams of Income” BUT we’re never told how those streams are created. Not even in school or at home. Well, today is your lucky day. Let’s talk in the comments section?? “CREATING THE 7 INCOME STREAMS” THIS IS THE MONEY ?????? THREAD: Go to this link here now...
Selecting how and where to manufacture your products will give your brand an edge. These are some of the most important decisions you will have to make for your company. Let’s talk about sourcing factories and the selection process. SOURCING FACTORIES: 1. ASK FOR RECOMMENDATIONS – Asking for recommendations from your peers in the apparel...
This right here is the least glamorous process in the fashion business: The production process. It’s also one of the most important parts. There are 12 important steps in production and we’re going to go describe each one of them because I want to make sure that you have a lot of time to manage...
In an entire collection, each item has a different purpose. A lot of the items don’t serve the same purpose. Some pieces are great at attracting traffic or eyeballs, some pieces are going to help raise your profit margins. There’s a strategy that all the successful fashion brands do to decide which designs get to...
Here is a list of important abbreviations in the fashion business to know, so you don’t have to pretend knowing it when someone in the design department asks you for your “POM, BOM or UOM for your CNST”. PLANNING AND DESIGN USP – Unique Selling PointCNST – Chain Stitch is a series of stitches that...
It’s frustrating to have someone steal your creative ideas behind your brand because I know for a fact that you’ve put in a lot of thought and energy. The last thing you want is someone using them without your consent or written permission. We’ll talk about intellectual property here, which refers to the ownership of...
Financial success comes in a variety of random unplanned ways. Some could win the lottery, but even those lottery winners all need a plan to stop their newfound wealth to disappear through their fingers. Which is usually the case. Every noteworthy accomplishment starts life as a simple goal which turns into specific action plans. Wealth...
Don’t you just hate it when you are called by the wrong name? Or how about when you have to kindly correct the person and spend time with them, and they still get your name wrong? How about a person you haven’t seen in a long time, but they remember your name? It feels good...
What affects your profits directly are the performance of your sales. Also, when you measure the performance of every piece that you sell in your collection, you can see what works and what doesn’t, so that you can make smarter decisions that are more calculated in detail moving forward. In this blog, I’ll share with...
In all business sizes, there are plenty of hidden costs, and that can be a huge problem. The money you have set aside based on your calculations could be cut short because of these unexpected costs. Here are 8 way to can be better prepared for all the hidden or not too obvious costs of...
Many fashion businesses look like they’re doing just fine, but they end up bankrupt because basically their cash coming in does not cover the amount of cash going out. Your profits are meaningless without a contained cash flow. In this blog, we will discuss what’s a Cash Flow Cycle, improving your Cash Flow and avoiding...
An extremely important part of maintaining the long-term success of your business is being able to manage your financial status. Now I can being a creative person, this task can be tedious, but it’s an important one. Not everyone has a friend (or a wife in my case) that’s great at both. What is Bookkeeping?...
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