MISTAKES TO AVOID BEFORE YOU LAUNCH YOUR FASHION BUSINESS.

When I was younger, the term ” self employed” sounded so fascinating, i really couldn’t wait to start and own my own businesses, yes the plural because I wanted to do a whole lot more than whatever I am doing now.

Being self employed is not as smooth as it sounds, especially when it means you work almost round the clock. It’s juicy parts also comes with its own perks and advantages, so on the days you feel low, those thoughts keep the ball rolling.

Let us leave the business life talk for a minute and talk about the real reason this post attracted you here. I guess, you are about to start a fashion business or you have just started one. With my experience so far, what can I say you should and should not do as a startup fashion business owner.

You want to own a fancy store, have amazing clients or customers, make a lot of money, all the pictures are vividly painted in your mind.

Now as you start setting up, all the pictures will start dropping a ‘buy me’ ‘buy me’ chorus in your head. The most logical thing to do before you ‘waste’ all your startup fund ( -by waste- I mean spend it on what you like but not what is presently needed by the business), is to have a list of all the things you would love to buy, list it all out.

After making this list, start by looking critically at each one and strike out the ones you will not be using daily. your business will grow and you will have time to buy more, don’t use all the start up funds to buy what you will need later.

Another thing to note is – if you cannot afford a store / shop, start from home. what will be the point of you renting a space you cannot pay for with the proceeds from the business.

Not everyone you see making millions in business shows you what they are doing.

You are not in business to show off, you are here to make profits not just money. if you will start from home, ensure you make it comfortable as possible so it doesn’t bore you out.

Our next point is – Know that every customer that walks in is not your lifelong customer, do not fight to please them at the detriment of the business. People will ask for ridiculous discounts, emergency deliveries and more…., if it works for you, do it, if it stresses you, be kind enough to yourself to leave it out.

if you are planning to go into ready-to-wear, think about having loads of clothes on the rack with no one buying them before you start. Spend more time building your client base, with adverts, videos and things that will attract them to you first.

last point for today will be, Never stop developing yourself, your skills and your knowldege base. i have been in this industry more than 20 years and i never go a day without trying to learn something new, not just for myself but also to teach my students at Ibadancity Fashion College. it keeps you fresh, it keeps you updated and knowledgeable when talking to others about what you know.

follow my Instagram handle @dgvstyles to learn more tips daily

and the handle of the fashion college @ibcityfashioncollege

to know more about the fashion school email ibcityfashioncollege@gmail.com

or contact me via whatsapp +2349024267637

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