3 ways to jumpstart a struggling fashion business

3 ways to jumpstart a struggling fashion business

Is your fashion business struggling or going through a difficult phase? Have you been having poor sales, budget deficits, and low revenue despite your high operating costs? You are not alone! All businesses go through tough times too. 

The good news is that you can change things; the hard part is that you will need to do things differently. It is not easy considering all the efforts and resources that go into running a business. But, it is what you can handle.

Ready to turn your fashion business around? Here are three ways you can get things running again:

Fashion business owner

1. Study the warning signs

What went wrong? What were the seemingly salient things you overlooked that made things go wrong? Was it when you decided to expand? You will need to carefully reflect on your business, check the records, try your best to identify where the problem started. This will help you come up with a plan to transform things.

2. Get Fresh Eyes on your business

Competent professionals and consultants were made for moments like this. Get a proven and credible fashion consultant to look at your business and find out what went south and how you can be steered back on course. Be ready to be cooperative with the facts discovered, and also for the hard decisions that will follow. It might seem like an unnecessary expense, but it will save you a lot more in the long run.

3. Take a new course of action

After getting professional insight into your business, it is time to act on them. Study the new trends in the fashion industry. How can you set yourself apart and offer a Unique Selling Proposition? Maybe it is time to pivot and start offering value your customers did not even know they need. Whichever action you take, review the results after some time and act accordingly again.

When you know your business is struggling, you will need to get proactive and take action. 

Is your fashion business struggling? Are you on the brink of a shutdown? What steps have you taken so far? Let’s discuss this in the comments.

Fashion business ideas; Corporate Clothing Retail

Fashion business ideas; Corporate Clothing Retail

Are you thinking of turning your love for corporate clothing into a successful business? You absolutely can by producing & retailing them.

All it takes is knowing what it takes and where to start. By taking the right steps, you can launch a corporate clothing line and successfully grow it.

Passionate about starting your corporate clothing brand? Read on to learn how to; 

 

How to Start your Corporate clothing line

 

1. Select a niche

One of the most important things to sort at the beginning is your niche. Figure out what you want to laser focus on; the target could be business casual clothes for plus-sized women or maternity-corporate clothing. 

Whatever niche you decide to go for, ensure the size not too small or big.

 

2. Work on your business plan and budget 

When starting, you need a plan, but it must not be a very elaborate and detailed business plan. With a carefully thought out plan, it will be easier to draw up a budget. 

Don’t forget to plan for important startup costs such as your samples, production, training, sales, and operational costs.  

 

3. Source for funds

To fund your corporate clothing line you could reach out to family members, friends, potential investors, or start without what you have. Yes, it’s possible, and we have a detailed blog post about starting a fashion business with little to no money here.

 

4. Organize the business

Now that you sorted out your business plan, niche budget, and even startup funds, you can start organizing the business. First, you’ll want to choose a business entity type, register the business, choose a business type and get the necessary licenses. 

 

5. Create your designs and samples

After going through all the initial preliminary groundwork, you can start creating your designs and clothing samples. You need to find the manufacturer for your brand or produce yourself with high precision and attention to detail.

This aspect can be fun and frustrating at the same time, but it will be worth it in the end when you see the results.

 

6. Test your market

Take your samples to the market (not literally) to get feedback, make improvements and make other business decisions. You can show them to your family, friends, co-workers using whatever medium you prefer.

At this stage, you should also figure out packaging, shipping, delivery, and marketing.

 

7. Launch

You can now finally officially launch! 

All you have to do at this point is focus on consistently growing and scaling up the business. Find unique and entertaining ways to market the business and expand your customer base.

 

It will not be easy, but it will be worth it! 

Can you think of any more fabulous fashion business ideas we haven’t covered? If so, we’ll love to hear about them!⠀

Recommended Resources

Want to Produce Your Clothing Line? Learn How to Start a Clothing Factory

Fashion Business Growth Tip: Use Compelling Images

Fashion Business Growth Tip: Outsource to Grow Your Fashion Business

What are you doing about the Coronavirus pandemic?

What are you doing about the Coronavirus pandemic?

If you’re religiously following updates & watching the news, you can be forgiven for feeling like the coronavirus pandemic is more or less an apocalyptic event.⠀⁣
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You’re probably scared, anxious and concerned about how hard your business will be affected by it which I totally understand. We will get through this. You just need to stay calm and work on a plan.⠀⁣
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If you’re in seriously affected areas, please shut down and work from home for your safety and that of your staff. We, at Martwayne, have closed down for 2 weeks for this very reason. But it is not a holiday for us. We are working hard on our online courses and plan to launch the Costing and Pricing Online Course this weekend. ⠀⁣

Identify what triggers your fear and anxiety and avoid being exposed to it. Enjoy spending time with your loved ones. STAY SAFE & DON’T PANIC!⁣

Now is the time to take online courses that will help your business. Use this time to reevaluate and revamp.
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Use the time & tools at your disposal, to seriously evaluate your business. What areas can you improve on? What steps do you need to take? What can be made better? Do you need to refresh your website or social media pages? Do you need to improve your craft? Write everything down and work on a plan to come back stronger.

Happy International Women’s Day

Happy International Women’s Day

⁣Between working, managing the home and running the world, women deserve to be be celebrated every single day.⠀

May we continue to stand strong, inspire & uplift together despite the challenges we deal with.⠀

Happy International Women’s day ?

Fabulous at 40

Fabulous at 40

And that’s how I turned 40! My goodness! This chic is getting old but I definitely don’t look bad at all! Initially I was wary of turning 40 – terrified almost – but now I am extremely thankful. ⠀

My biggest thanks to God for bringing me this far and for changing my mindset this year. Thank you to everyone who has rooted and supported me in one way or the other. Cheers to many more years ahead! Happy Birthday to me!

Thanks to my awesome awesome photographer: @frkuti_studios and my make up artist: @nikky_glam⠀for making me look soooo glam! I cannot even believe this is me. But it is! You all need to totally check them out!

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