So you have been thinking about setting up your own fashion business? Here are a few things that you will want to think about in order to have a successful business.
Set up – firstly you need to think about what the legal status of your business will be. Are you going to be a sole trader or are you looking at setting up a limited company. Both have their positives and their setbacks. An accountant will be able to talk you through which one may be best for you.
Premises – are you going to have a physical shop premises or are you going to operate online only? You will want to find delivery options such as a Same Day Courier Slough company such as https://www.uk-tdl.com/same-day-courier/same-day-courier-slough.html who will be able to deliver you fashion items to customers in a timely way.
Products – in order to have a number of products to sell you will have to think about whether you are going to be making these yourself or whether you are going to be approaching suppliers to have wholesale accounts to sell their products. Make sure that you give yourself enough time to research your options, set up the trade accounts and to have the products shipped to you ready for you to sell to your customers.
There are many other things for you to think about such as staffing, financing and insurance but the points made above need to be considered early on in your business venture.