A crucial part in creating a collection for your business is finding quality materials at the best price possible. In here, we’re going to talk about the 5 material sourcing options, to know which ones fit your brand’s needs for your fashion business. 1. FABRIC MILLS – Sourcing directly from mills is the best option....
Continuing from the last article about working with manufacturers, we talk about the types of factory services, challenges and the difference between local and overseas suppliers to work with for your fashion business. Here are the 2 types of factory services: 1. Full Package Service (FP) – It’s the simplest and straightforward choice for designers...
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...
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...
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?...
Pitching is all about having to create a winning impression when meeting possible investors. It’s transferring your enthusiasm, excitement and your clarity to the person you’re pitching to. It makes all the difference when it comes to the future of building your business and brand. You only have 1 shot at this. Make it count....
HOW TO FUND YOUR START-UP BUSINESS – It’s a mind boggling question for most people, I know. I’ve been there before. How do you even start a business with no funding available at all. You’re in luck. I’m here to give you 6 ways you can find the proper funding for your own business. It...
There’s a saying that goes “You can only sell your business with the knowledge that you possess”. Only you can fully understand your business. Take this opportunity to discover the strengths and weaknesses of your company. Go back to your business plan from time to time to revise and improve it as your business continues...
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