Comments on: The Business of Fashion: Basics 2 – What is a business plan for and how do I go about writing it? http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html The Business of Fashion is an essential daily resource for fashion creatives, business professionals and entrepreneurs in more than 200 countries around the world. Sat, 11 Feb 2012 22:49:45 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Zenith Divas http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-157813 Zenith Divas Mon, 12 Dec 2011 15:59:02 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-157813 Your article very helpful. I am into the fashion world were I design my very own heels and shoes for ladies handmade in Malaysia. I also have lace collections where you can use it on your apparel and I am starting off retail by going online first. Would love to have an article on how we can increase traffic to our fashion site. Your article very helpful. I am into the fashion world were I design my very own heels and shoes for ladies handmade in Malaysia. I also have lace collections where you can use it on your apparel and I am starting off retail by going online first. Would love to have an article on how we can increase traffic to our fashion site.

]]> By: Sharmista http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-128897 Sharmista Sun, 11 Sep 2011 13:04:21 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-128897 That sounds very realistic, all that is required is to put it on paper and execute it. Thank you for sharing it. I am a designer and I launched my label a year ago after quitting my job. Finance and funding as you mentioned is crucial. I want to know your views on doing a job in the fashion industry to be able to gain experience, knowledge and also be able to generate funds, along with running the label alongside. Would love to hear from you. Thank You That sounds very realistic, all that is required is to put it on paper and execute it. Thank you for sharing it. I am a designer and I launched my label a year ago after quitting my job.
Finance and funding as you mentioned is crucial. I want to know your views on doing a job in the fashion industry to be able to gain experience, knowledge and also be able to generate funds, along with running the label alongside.
Would love to hear from you.
Thank You

]]> By: Raphaëlle http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-125114 Raphaëlle Mon, 22 Aug 2011 04:13:15 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-125114 Interesting serie of articles but full of platitudes. For a bit that the person wanting to create his business has taken the time and effort to study business-management for not even a year, he will not get much benefi,t if not any, by reading these articles. To start a business maybe should they simply study the basics of business? Interesting serie of articles but full of platitudes. For a bit that the person wanting to create his business has taken the time and effort to study business-management for not even a year, he will not get much benefi,t if not any, by reading these articles.
To start a business maybe should they simply study the basics of business?

]]> By: Melinda http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-112758 Melinda Tue, 14 Jun 2011 14:00:34 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-112758 Stunning! Finally an article that makes putting a business plan together sound like a fun project! I am busy in the research phase of setting up my own business and setting it up properl. As they say "watch this space" ...and thanks to decent and honest advice I am all the more confident. Stunning! Finally an article that makes putting a business plan together sound like a fun project! I am busy in the research phase of setting up my own business and setting it up properl. As they say “watch this space” …and thanks to decent and honest advice I am all the more confident.

]]> By: Enne http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-105091 Enne Sat, 14 May 2011 07:35:43 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-105091 I am having a hard time finding a cohesive answer on my question, and maybe you can shed some light.... For many years I have earned a decent living doing custom work.. Recently, I have been approached by a client and through some successes in venture, I have been extended the opportunity to partner with her in a nitche market.. I suppose it works out to be Partner=finances with creative input and me =technical design/creative input/production .. As the runs will be small at first it does not make sense to outsource when I have both the knowledge and time... So in this structure (that I'm told will be an LLC), should I be recieving payment for production seperately from what would be the profit margin (I hope I am asking this question correctly)? And as far as 2 partners paying themselves from the LLC, is that usually a 50/50 split? Its possible Im making this more complicated than it needs to be.. I'm open to any answers/resources you may have for me.. Thanks so much for the wealth of information on this site! I am having a hard time finding a cohesive answer on my question, and maybe you can shed some light….

For many years I have earned a decent living doing custom work..
Recently, I have been approached by a client and through some successes in venture, I have been extended the opportunity to partner with her in a nitche market..

I suppose it works out to be Partner=finances with creative input and me =technical design/creative input/production .. As the runs will be small at first it does not make sense to outsource when I have both the knowledge and time…

So in this structure (that I’m told will be an LLC), should I be recieving payment for production seperately from what would be the profit margin (I hope I am asking this question correctly)?

And as far as 2 partners paying themselves from the LLC, is that usually a 50/50 split?

Its possible Im making this more complicated than it needs to be.. I’m open to any answers/resources you may have for me..

Thanks so much for the wealth of information on this site!

]]> By: Ebony White http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-55550 Ebony White Wed, 29 Sep 2010 15:53:13 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-55550 This is a great article. Great is an understatement, but I really appreciate the realistic view offered in these articles. I am designer looking to start my own line and finding good, useful information that doesn't skate over the facts has been extremely difficult to find. There are tons of free information available to the public on starting other types of business, but it has been a long, arduous process finding information on fashion, which is a very specific business. The fact that this information is free is really helpful to us struggling entrepreneurs who just can't afford to continually pay for information. I have bought books that don't give as much useful information! I have several friends in the industry who have started their own lines, whom I've picked their brains trying to learn more and they still don't have a clue! I now feel like I know more than they do, not just from my experience in the industry, but once I realized and accepted that the business component of a owning and running line is at least as important as the fashion component, if not more! Before taking any further steps, I have decided to dedicate my efforts into learning to run a BUSINESS as opposed to just designing, which is how I came across your site. Once my venture is off, I also plan to give back by passing on my knowledge to help others begin their dreams -gratis- as well. You are truly an inspiration. Please note that your insight and efforts are GREATLY appreciated by those of us who really need it, and I commend you for stepping up to the plate when many in a position to do it are not. You are helping the little people to become big, and your site, stories and tips are truly needed and appreciated! Keep up the good work! I am a huge, huge fan! This is a great article. Great is an understatement, but I really appreciate the realistic view offered in these articles. I am designer looking to start my own line and finding good, useful information that doesn’t skate over the facts has been extremely difficult to find. There are tons of free information available to the public on starting other types of business, but it has been a long, arduous process finding information on fashion, which is a very specific business. The fact that this information is free is really helpful to us struggling entrepreneurs who just can’t afford to continually pay for information. I have bought books that don’t give as much useful information! I have several friends in the industry who have started their own lines, whom I’ve picked their brains trying to learn more and they still don’t have a clue! I now feel like I know more than they do, not just from my experience in the industry, but once I realized and accepted that the business component of a owning and running line is at least as important as the fashion component, if not more! Before taking any further steps, I have decided to dedicate my efforts into learning to run a BUSINESS as opposed to just designing, which is how I came across your site. Once my venture is off, I also plan to give back by passing on my knowledge to help others begin their dreams -gratis- as well. You are truly an inspiration. Please note that your insight and efforts are GREATLY appreciated by those of us who really need it, and I commend you for stepping up to the plate when many in a position to do it are not. You are helping the little people to become big, and your site, stories and tips are truly needed and appreciated! Keep up the good work! I am a huge, huge fan!

]]> By: emceecouture http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-32365 emceecouture Sat, 24 Apr 2010 03:14:01 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-32365 This piece of work is really helpful for me. Im starting a custom designed fashion line . as im doin it online first , I was wondering if there would be any good way to increase my traffic? This piece of work is really helpful for me. Im starting a custom designed fashion line . as im doin it online first , I was wondering if there would be any good way to increase my traffic?

]]> By: sola http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-20069 sola Mon, 07 Dec 2009 16:48:18 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-20069 I really gained from these publications but when will the remaining four be out? I really gained from these publications but when will the remaining four be out?

]]> By: sylvia aluda http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-13219 sylvia aluda Tue, 22 Sep 2009 08:31:43 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-13219 i have enjoyed reading your material and would like to always receive an update on how i can continually make my business grow,different ideas and creative ways on how to develop my business plan.thankyou i have enjoyed reading your material and would like to always receive an update on how i can continually make my business grow,different ideas and creative ways on how to develop my business plan.thankyou

]]> By: Ari @ World on a Hanger http://www.businessoffashion.com/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-12863 Ari @ World on a Hanger Tue, 15 Sep 2009 14:53:13 +0000 http://www.businessoffashion.net/2007/03/the-business-of-fashion-basics-2-what-is-a-business-plan-for-and-how-do-i-go-about-writing-it.html#comment-12863 Great overview. One thing to keep in mind is to make it as visual as possible. Often, whoever reads your business plan, will have seen tons of them. Good visuals (diagrams, charts, logos, even illustrations) will make it stand out and engage the reader. Great overview. One thing to keep in mind is to make it as visual as possible. Often, whoever reads your business plan, will have seen tons of them. Good visuals (diagrams, charts, logos, even illustrations) will make it stand out and engage the reader.

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