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...
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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