Try to allow room for flexibility – you may not know the price of specific materials yet, for example, or manufacturing costs – but having that original budget in mind will help you make the decisions that drive your first sales.
Your budget will also depend on whether you plan to design and make the clothes yourself (or with a manufacturer), or buy clothes from designers at wholesale price. Invest in smaller designers and/or basic equipment to start off with and as demand grows, you can review your key outgoings.
It can’t just be your personal view of what’s wrong with the current market options (although there’s a place for this too!
) Your plan should also outline who’s involved in your business and what they do, whether it’s just you, or you’re working with anyone else.
It’s likely that you’ve spotted a gap in the market, or have a unique design in mind for a specific customer group.
Whatever your inspiration for starting up, it’s important to define your niche from the out-set.
It can be an all-consuming process but with that first sample run and customer sale comes great satisfaction.
Use our nine-step plan to starting a clothing business.
It’ll need to include your product’s details and technical specifications, from design and measurements to materials and any extra accessories or features.
From there, you’ll need to get started on pattern making and grading, ahead of sourcing your manufacturer.