Introduction The Current Scenario The government of the state has allocated the funds for setting up the small business to promote the local investments and for the promotion of domestic products. The theme of the funds allocation is also to eradicate the overspills of globalization that are inhibiting the private investors to invest in the national economy. This fund allocation by the government will also instill a new sense of entrepreneurial activities at small sale and later on the economy will enjoy the unfolded outcomes of these entrepreneurial ideas. The Entrepreneurial Idea Being allotted with the fund I would take the opportunity to set up a small business of garments. The basic idea of the business is to setup a boutique in my vicinity that will cater the need of being well dressed. The business specifications and details are as follows Name of Business The boutique of stitched and unstitched garments will be named as "DECENT DESIGNERS". The core idea behind the formation of the Decent Designers is to facilitate the target market with the latest yet affordable garments. Setting up Capital The setting up capital of Decent Designers will be as per the government allocation: $100000. Target Market The mainstream of the business idea is to cater two distinct groups of people. The first group identified in the target market is that of the people those prefer to order in for dresses by first selecting the fabric and are cautious about the measurements. To
For this growing population, we can track the merchandises and find out what kind of items the customers spend money on. We gather the data and analyze the pattern and what style the customer is looking for. We send e-mails to the customers when getting new items that fit the customer’s dress preference with style suggestions.
• Owner has limited capital: $15,000 for feasibility study; and $500,000 of trust money that will be made available for investment.
The purpose of this paper is to identify how different factors effect on the growth of small businesses. The growth of small businesses has been influenced by factors such as growth strategy, business forms, short and medium term goals, financing assistance, organizational structure and staffing needs, customers and promotion, and ethics and social responsibility. In this paper will to discuss how the different factors alter the advancement of small businesses.
Although the market for separates is certainly viable given promising growth in test markets, it is not a market that makes sense for Hart, Schaffner & Marx (HSM) to compete in. The trend certainly shows a divergence in how some customers view their needs with regards to semi-formal clothing, but the firm runs the risk of diluting not only the perceived quality of its clothing, but also alienating its current client base that is partial to the experience HSM offers in its stores. This experience includes personalized expertise on new fashions, custom tailoring, and the status associated with purchasing and wearing the company’s clothes.
Briefly describe a small business you could envision yourself owning and discuss the most appropriate source of debt capital for that business. Explain your rationale.
Geoffrey B. Small is a fashion designer that opens our eyes to a new perspective on the quality of one’s clothing. Small ties his clothing to a standard of excellence not only for the customers’ satisfaction, but also to make a statement about how one can have an effect on the or community through the choices of clothing you choose to invest in. What sets Small apart is his unwavering view on the high quality of his products. It may take a period of time to get the piece of clothing made, however the relationship Small builds with the customer, the service he provides, and his communication with the customer is profoundly more important to him. He bases his morals in honesty and is clearly an activist for multiple social and environmental causes. His following has been established soundly on the foundation of his honesty, his active role in the community, and
Textiles are an intrinsic foundation of clothing, and moreover, the invention, development and manipulation of fabrics play a vital role in fashion (Black, 2006; p.6). A key segment of constructed textiles is knitted fabrics, which provide endless creative outcomes, enabling an independent and experimental approach to design (Sissons, 2010; p.6). Knitwear can be found at all levels of the fashion market, from the industrial mass production of hosiery, underwear and sportswear to the use of its sculptural qualities in high fashion and accessories, such as bags, shoes and jewellery (Sissons, 2010; p.6). Nowadays, many different types of companies are involved in the production of knitted textiles and knitwear worldwide due to the wide use of knitted fabrics (Wilson, 2001; p.1). Among these companies, family dynasty Missoni has undoubtedly become the most well-known designer company for knits over the course of their 50-year history (Black, 2006; p.17). Through their vibrant and colourful work, the industry began to see knitwear in a new, more fashionable light, and
Then they understand the current trendy in the fashion, which support to deliver the first class dress with the sexy look. Therefore, the women can simply go with the dress to buy over this online store. On the same time, you can find out the dress match with the jewelry, which project the women with the modern look in front of the other. On go with this type of dress which deliver the chic look so it will be more comfortable for the client to enhance great and better service fir the customer. It provides the great discount on hiring such the dress, which support the women to cut down the cost of the
Start up assets required include $3,000 in short term assets (office furniture, etc.) and $1,000,000 in initial cash to handle the first few months of consulting operations as sales and accounts receivable play through the cash flow. The details are included in the table. Start-up Plan ____________________________ Start-up Expenses Legal $1,000 Stationery etc. $3,000 Brochures $5,000 Consultants $5,000 Insurance $350 Expensed equipment $3,000 Other $1,000 _______________________________
As a clothing store which is focusing on local designed and European designed clothes, our products are going to be high-end, fashionable, green and unique.
| |company to develop a range of mass-produced clothing that could be sold to department
Although the global economic crisis has weakened consumer confidence there is a remarkable consumption phenomenon in fashion market. Fast fashion is a new word used in fashion scene to say that designs move from runaway speedily so as to take the latest fashion at Fashion Week in both the spring and the fall of every year. These trends are designed and produced fast and cheaply to enable the mainstream consumer to take benefit of contemporary clothing styles with a lower price. This concept of quick manufacturing at economical price is applied in large retail companies such as Zara, H&M, and Topshop. The
Under this part, financial resources, Human resources, Technological, Physical and Organizational resources of the business organization will be discussed. According to the financial feasibility report, startup investment for the business will be around Rs. 2 400 000 and it will be invested equally by founders. Some of the equipment are namely, zigzag machines, cutting clicking press, cutting boards, finishing machines, embossing machines, air compressor, heat seating chamber, air guns for coloring. Payroll server and the website of the business will be the technological resources the business have and machineries, furniture, land are the physical resources and the business name, logo and other intellectual properties are the organizational resources of the business, Dees & Ems. The physical resource structure of Dees and Ems is quite simple and not very complicated in order to manage the growth of organization in later
Starting up a new business is an activity that requires the use of capital to ensure that the business is successful. However, in most cases, business organizations do not have adequate capital to implement the business ideas. On the other hand, the owners of patented products may face the challenge of making decisions on how they should venture into the market due to lack of capital. There are many options available to start-ups on how they can succeed in the market. For instance, franchising, licensing or securing loans from banks may be among the options utilized by owners of patents (Maynard & Warren, 2014). Making decisions on the best option may be a tough task since all the options have advantages and disadvantages. Through a
To build a shopping centre, where all kinds of clothes, house facilities, game zone, net zone, and restaurant... should be available but, this business needs large amount of fund.