Want to start a Fashion Business? How to get started
I am assuming that you already know what you are going to market, understand your target market, and need technical steps on how to get going.
A) You need to decide if your business is going to be a sole proprietor, partnership, LLC, or corporation. The main resource to investigate what is the right structure for your business is NOLO.com
Here is a post I wrote a while ago regarding the pros and cons of each business structure.
If you decide what is the right business structures for you, check out Legal Zoom to get started with the process for Incorporation’s, LLC’s and More!
Another vendor to try is Corp Net they are offering 10% of any service including incorporation
Take 10% of ANY CorpNet.com Corp, LLC, or DBA or any other package CORPNET1
B) Find Support.
The SBDC (Small Business Development Centers), SBA (Small Business Administration), have programs available to entrepreneurs nationwide, Make an appointment with a counselor today to find our resources that are available in your area.
We have a post about it here for Fashion Resources
C) If you haven’t done so yet you need a business plan. otherwise you won’t know where you are going or how to evaluate performance
Here is a good overview on what to include in your business plan
D) Financing, Assuming that you already have a business plan, you know your market, you incorporated, (or set up a DBA), you are ready to go!, but now you need money
In our current economy it is tough to find cash for your business, specially if you are an start up. Most banks require that you are in business for 2 years before they lend you money. So what can you do?
Read here, this is a good info on how to fund a start-up (although a little bit dated)
Credit not Great? Why not try a Microlender on an Alternative Finance Company
Confident in your Business Plan? Have the right Experience? Why not get an Angel Investor
Think that you have what it takes to be the next big thing, consider venture capital
Just Remember that Equity Financing Options (Investment Options) are the toughest to get, and require you giving out a portion of your business.
Here is an alternative:
You can try Peer-to-Peer Lending, right now the web is making it easier for people to connect, including investors with borrowers. Peer to peer lending gives investors the ability to lend to a borrower looking to start a business.
One of the company that we like is the Lending Club, give them a try, start here to apply for an Unsecured Loan
E) Well now you have your business set up, you secure financing, you probably need insurance depending on what you do
Follow this link to find out more about Business Insurance
Need quotes and comparisons? get Free Insurance Quotes
F) Now you have your business all set up, but you don’t have your business cards yet!
Why not get 500 Premium Business Cards for $3.99!
This is a quick start up business guide, the links that we provide are for other site that we own that focuses solely on small business and finding financing, take a look, find out more information. We will provide more helpful resources on our business posts.