I've been so engrossed into writing my business plan that everything else has taken a back seat. I am on a tight deadline and well I'll sleep when I'm dead! HA! As I was ten fingers deep into writing, I realized that there is so much detail that goes into running a fashion business. Many of you may think it's mainly glitz and glam -but let me tell you- it's so not.
Yep, 6 years in the industry and I can confidently say it's 90% business and 10% creative. Thankfully business comes natural to me, and having my father who is an extraordinary business man as my mentor, will definitely help - that and a great deal of hard work and perseverance.
I guess the vital part of writing a business plan is being able to break down each and every component so that it ( your company) could be built to run like a well oiled machine! When you break it all down, I mean every last detail...I even find myself shocked of how much work it entails. Those aren't complaints though...it will be all worth it the end ;)
In any case I wanted to share with you a quick breakdown of some of the duties that running a fashion business actually entail.
| Design & Development | Customer Service | Administration | Sales | Production | Shipping | Social Media |
- Design and develop collections
- Oversee sampling process
- Develop brand labels, hangtags, and care labels then submit for printing.
- Organize and arrange photo shoot for look books. Hire Model, Photographer, Hair and Makeup Artist.
- Design and create line sheets, marketing materials, look books, and brand website.
- Submit samples, lines sheets, marketing materials etc. to showroom for sales to start.
- Submit line sheets to retailers and set up appts for sales via phone, email, etc.
- Finalize all sales for the season to ensure proper production time.
- Source production sewing contractors, finalize production trims, fabrics, etc. Submit production fabric and component orders.
- Source marking, grading, and cutting contractors. Submit final patterns to be marked and graded.
- Oversee cutting, production and quality control.
- Receive inventory, create invoices, package orders, and ship out orders.
- Follow up with stores and collect funds.
- Monitor the growth and profitability on a daily basis.
Alright one post and two chocolate thin mints later...and my break is officially over. Back to writing my business plan I shall go! xx - T
No comments :
Post a Comment