Making decisions on these matters requires careful planning in the form of a business plan. A well thought-out business plan will give your business a greater chance at success and help you avoid common pitfalls, such as unrealistic predictions of expenses and revenue. Executive Summary The executive summary is the first and most important section of your business plan, as it gives potential investors and decision-makers a snapshot of the types of clothes you offer, identifies the potential market for your products, lists your mission statement, your qualifications to run your retail business and details how your expertise will be an advantage in your competitive industry. The executive summary should be between one and four pages and should be written in plain language, or without too much clothing industry jargon, so that anyone can understand it.
Boutiques Competitive Advantage Davica Fashion Design LLC is a business that hopes to be a contending leader in the fashion industry by by offering unique quality designs to its customers here in Midtown Manhattan — new York as well as all around the United States of America.
We intend to ensure that we hire professionals and competent employees who do not only understand the industry but are also committed to our organizational cores and values and are committed to ensuring that we reach our desired goals and objectives.
We will also pay our employees very well as we would ensure that their welfare packages are the best that can be gotten amongst similar fashion design businesses both here in Midtown Site do fashion business plan — New York as well as all over the United States of America.
Lastly, we intend to offer the best customer care for our various customers and ensure that all our customer care executives have updated knowledge about industry trends so as to use this knowledge to better serve and ensure that our customers get what they want. We intend to ensure that we offer various in order to meet the various needs of our customers.
Therefore, we intend to generate income for Davica Fashion Design LLC by offering the following services; Sale of fashion design wears for certain ages and sexes Sale of fashion accessories Trainings Sales Forecast The fashion industry is one that will always see a surge in demand especially as almost everyone on earth is fashion conscious either through what they put on or see others put on.
New York is one of the cities that is regarded as a fashion hub, therefore our location in Midtown — Manhattan is very strategic and will offer us the right opportunity at ensuring that we not only generate our revenue but that we start to make profit to cover all basic expenses and loan repayments during the site do fashion business plan year of business.
In carrying out a sales forecast for the company, we have been able to critically evaluate the fashion industry in order to understand how we would likely fare once our business starts up.
The various data gotten from the feasibility study were based on data and information that was gleaned from similar start-ups such as ours here in Midtown Manhattan — New York. It should be noted that the above projections were conducted based on several factors such as there would no arrival of competitor during the time of the projections, as well as the fact that people would continue to love our brand.
Should there be any change in the factors, it would lead to an increase or decrease in the figures.
Marketing Strategy and Sales Strategy Marketing is very important and so it is therefore pertinent that the right marketing strategies are drafted in order to achieve the desired results. However to be able to draft the right marketing strategies, we have conducted a thorough market research that will allow us not only understand the industry, but also ensure that we penetrate the market and attract the number of customers that we should with our services while ensuring that we are able to compete with other fashion design businesses both here in Midtown Manhattan — New York and in the whole of the United States of America.
Asides from generating revenue and ensuring that one can compete favorably against its competitors, marketing is also used to create awareness for the business for existing and potential customers. This is why marketing is an aspect of the business that should be taken seriously as poor strategies could lead to failure of the business or dwindling sales due to poor efforts of the marketing team in increasing awareness and invariably sales on behalf of the company.
Due to this, we have secured the help of a reputable marketing consultant here in Midtown Manhattan — New York who not only understand the business but the whole fashion industry and will also help in drafting effective marketing strategies that would be needed to penetrate the target market and get a huge share of our niche market.
We have also empowered our marketing executives to ensure that they ensure that right strategies are drafted on behalf of the company and in line with our core ethics and values. The marketing and sales team also has the power to modify or eliminate strategies that are deemed not to be working on behalf of the company.
Therefore, the strategies we intend to adopt while marketing our services at Davica Fashion Design LLC are; Ensure that we introduce our fashion design business to fashion houses, large scale magazine editors as well as other stakeholders in the industry here in Midtown Manhattan — New York, as well as all over the United States of America Ensure that we place adverts on local newspapers, fashion and beauty magazines as well as on radio and television stations Empower our marketing and sales team to engage in direct marketing on behalf of Davica Fashion Design LLC Ensure that our business is listed on both offline and online directories Distribute handbills and fliers in conspicuous places in order to promote our business Use the internet especially our website to promote our business Fashion Design Business Plan — Publicity and Advertising Strategy The fashion design business is one that needs a lot of publicity especially as the business industry is one that is very competitive.
Any business that does not take its publicity seriously will likely die or not make it in business. We intend to hire a brand consultant who is reputable and has the knowledge regarding this industry to help us draft the right strategies that would promote our fashion design business and also increase awareness for us with our clients — both existing and potential.
The strategies will also be one that identifies with our core values and principles as a business. Normally the prices for our fashion design wears depend on the type of clientele. Determining the prices for any product or service depends on several other factors such as what the competitors are offering, what our overheads are, and how much we are getting our raw materials for.
However, in order to attract the right customers to our fashion design business, we intend to lower the prices for the first 6 months and also give some well known celebrities some of our unique designs to wear for free in order to help with promoting our brands.
However, having carefully looked through our strategies, we are pretty sure that our profit margins for the months we intend to lower our prices and offer discounts will not really be affected.
Payment Options Because we intend to have a whole lot of customers, we at Davica Fashion Design Business have come up with different payment options so as to suit the different styles and preferences of our customers. Therefore, the payment options that we intend to make to all our customers are; Payment via cash.Liquid Culture clothing e-commerce site business plan executive summary.
Internet e-tailer Liquid Culture will eliminate the middle man by marketing their line . Particularly when you're just starting out, you'll need to consult with experts in the fashion industry, and your business plan should reflect the costs of . Here is a sample clothing line business plan which you can use to carry out yours.
A FREE Sample Clothing Line Business Plan Template. Clothing Line Business Overview; The fashion industry all over the globe is known as a thriving trade. The clothing line business which happens to be a subset of the industry is also booming as the years go by.
Sitting down and hammering out a business plan for your blog forces you to write down all of the specifics, do research and create strategies that will help your blog become a success.
As Melyssa Griffin says on her blog, “It is essentially a roadmap of your blog business, written with your audience in mind.”. Why is a fashion business plan important? Before you start a business you need to work out whether you are going to be profitable.
By mapping the business out before you start (especially working out those complicated financial projections) you are going to save a LOT of time and effort. Why is a fashion business plan important? Before you start a business you need to work out whether you are going to be profitable.
By mapping the business out before you start (especially working out those complicated financial projections) you are going to save a LOT of time and effort.