Financial Package
Financial Package
Every day we see awesome, talented designers squander their investors’ money (or their life savings) because they screw up the nuts and bolts and go out of business.
Having a great design, and an eye for trend and talent is essential but far from sufficient without the business side of things.
Most fashion brands fail in their first year in business... However, those who stay in business for 3 years will most likely succeed.
The difference?
Better financial planning.
This is why developing a strong, realistic financial plan is key.
Without the financial planning, your brand is just a hobby, NOT a business!
So, How confident are you in the financial plan of your business?
Do you trust it is strong enough to handle unxpected suprises (cause these will show up)?
Do you think it will give you enough runway until your business can fly and be profitable?
Do you have enough proft margins in yoru prices?
If you answered NO to any of these then this is for you!
Financial Package
How does it work?
First, we would get clarity on the brand's concept, identity, market value and goals, This phase includes an in-depth questionnaire and a brand interview,
This phase includes:
Startup questionnaire and in-depth interview
Review of Brand's concept and goals
Review market positioning and brand's competition
Review the USP (Unique Selling Proposition) of the product/brand
Review of product categories
Review the price point and the profitability of your products
Review of development and production options (domestic, offshore etc.)
Review of business model (sales strategy, methods of production, distribution, margins)
What will you get?
After reviewing the brand in phase one, we will build a financial plan for the first 2 years in business.
You will get:
A detailed monthly Cash flow sheet for the first 2 years in business done for your business.
Worksheets to help you calculate your start-up budget and your breakeven point.
Cost sheet template done for your products.
Program timeline:
The program takes on average 4-6 weeks to complete. Progress and completion times will depend on size of the project, availability of details and response time from the designer.