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The Basics Part 1 — Setting up your own fashion business: What do I need to know first?
Share By Imran Amed February 21, Many young designers rush into setting up a business, attracted by the perceived glamour and fun that is associated with the fashion industry.
There are wonderful fairy tale stories of young talented designers graduating from St Martins or Parsons and then going off to achieve fame and fortune. The stories we hear less of are those that describe all of the failed companies and dashed hopes that are the cruel reality of this industry.
I am glad that Marc shared his stories with some of the upcoming stars of American fashion who were in the audience, including Doo. The truth is, the right answer depends on you and your aims.
In our first article on the Business of Fashion Basics, we will pose the questions that you need to ask yourself — so you can make the right decision. Running a fashion business means that packing boxes at 2 am, steaming clothes over and over again, and pouring through receipts with an accountant will become part of your routine.
On top of all that, you have to worry about making enough money to declare some kind of dividend from the business for all your hard work. Starting any kind business requires tenacity, endurance and dedication.
What other kinds of start-up businesses so quickly find themselves with customers and suppliers scattered around the world, requiring so much coordination and organization?
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Managing to get all of your raw materials fabrics, trims, haberdashery, etc all to your manufacturer at the same time to start your production and then sending it all out to stores in different corners of the world each with their own customs procedures in only 2 months can be a nightmare, even for those with great forward planning and troubleshooting skills.
All of this is to say that one of the key drivers of success will be your entrepreneurial skills and your commitment to running a business.
In order to be successful, you should think of yourself as a CEO first, fashion designer second.
A CEO is a manager of people, finances and processes. Therefore, you will have a great deal of responsibility and important business decisions will face you each and every day.
The buck stops at you and the business should always be at the forefront of your mind, not just an afterthought.
For some people this is an extremely exciting and energizing situation to be in. For others, it is their worst nightmare. What kind of person are you?
Next, you should ask: This is where you need to find other people who believe in you to join your team or provide support in some other way. Doing a self-assessment of your skills and abilities will tell you what gaps you will need to fill in order to make your business work.
You may assume that having completed a design degree, there are no skill gaps there. Running fashion business means developing and following an organized creative process that works for you — and that other people can work to as well. One of the great things about designers who have previously worked in a large fashion house is that they have seen how other people organize themselves and can take lessons from there as they start.
Having a clear design methodology is crucial to getting the best out of your abilities.Islet Park House as it looks today. APF leased the left hand end of the house.
The two large windows on the ground floor used to look onto the ballroom - two similar windows are on the other side of the house so that gives an indication of its size.
• Basics 1 - Setting up your own fashion business - what do I need to know first? • Basics 2 - What is a business plan for and how do I go about writing it? • Basics 3 - How do I find the right investors and partners?
But with the rise of cotton and silk prices in the United States, many ladies are finding it increasingly difficult to make a fair profit. If you purchase your fabric from your friendly local fabric store, you can forget about starting up a new business with all the capital you’d have to put into it.
This book will be a priceless resource for those considering adventuring into the fashion industry, yet not knowing how or where to start.
Comprised of detailed information, How to Start a Home-based Fashion Design Business will be a guide for the aspiring designer to plan and execute a successful home based business.
This material will not only provide a fashion realm, but will show how to. ANZSCO Occupations Below is a full listing of the Australia New Zealand Standard Classification of Occupations (ANZSCO).
Click on the row headers to sort the table of occupations. reviews of Penn Foster written by students.