Tips on Starting Your Own Small Business
Many of us would like to be entrepreneurs in our own right. Whether the motivation comes from contributing something to the community, or to earn additional stable income, going into a business usually starts small.
Small businesses today thrive more than ever now. Government and other private sectors help individuals live the “entrepreneur dream” by providing financial assistance for capital or business expansion. Read more
How to Succeed As an Independent Fashion Retailer
A key to success as an independent (Indies) fashion retailer is interdependency. Equally important, maintaining a strategic focuses and develops a set of business principles that are foundational. This will help you, particularly during economic downturn, which always seems to hit the fashion industry first and foremost. “The little luxuries in life” go.
To briefly illustrate; it takes great effort to propel a fly wheel to the point of perpetual motion and, if geared correctly, requires less to keep it turning, but concurrent with lack of applied attention the wheel will soon lay dormant. The gearing, mechanical engineering, oiling and proper maintenance rely on synchronicity. Read more
Naming Your Business – Identity Crisis?
First child or first business, finding a nice name for it can make people work up a sweat. Looking for that perfect name which is suitable for your business, and is yet memorable and “creative sounding” could prove especially difficult. While we’re not going to run up a list of “baby” business names, we could certainly help you go about finding “the one”.
Apart from helping your business get the recall it deserves, paying enough attention to naming your business can save you from legal hassles later on. Keep a couple of things in mind: Read more
Starting Your Own Clothing Line – 7 Steps To Take
/>Many people dream of becoming a fashion designer. They dream that supermodels will 1 day walk down the runway wearing their dresses, or blouses, or $200 denim jeans. I applaud their ambition. Having been involved in the apparel business since the age of 17, I have seen my share of successes and failures. Here are some pointers that might help you become 1 of the success stories.
#1: Define Your Customer
To be successful in the apparel business, it is vital to first define your target customer. Remember that you can not be all things to all people. Let us face it, a 50-year-old lady from rural Kansas probably will not buy a pair of skinny, tight-fitting jeans at $270 a pop. But a trendy 25-year-old professional woman living in Los Angeles just might! Defining the following characteristics of your customer is crucial: Read more
Angel Investor Advice
For entrepreneurs who are looking for an angel investor to help them with their capitalization needs, one of the most difficult things to do is to actually meet with an angel investor and present his or her business plan. However, there are a number of things that an entrepreneur should bear in mind with regard to angel investors so that he will not have to worry too much about what will happen during the meeting.
Before the meeting
One of the first things that entrepreneurs should bear in mind is that even before an angel investor agrees to meet with him or her, the angel investor probably already has an idea of who he or she is. This is because of the fact that angel investors make it a point to “screen” who they meet with, and, as much as possible, they want to be introduced to entrepreneurs by a trusted friend or relative so that they would have a “reference.” This is because they want to meet with entrepreneurs whom they can have confidence in and trust. Read more
Raising Capital – Writing the Business Plan that Succeeds
You have a great idea or maybe have started a company and need some capital to support your revenue growth. You think that the best source for the fund-raising will be venture capital or maybe an angel investment. You have mapped out your fund-raising strategy and are at the point of writing your business plan. You want to write a business plan that will succeed in bringing in the needed funds.
Recognize that the business plan you are writing is essentially a marketing document. You are marketing your company to an investor who will be buying a piece of it. Like selling anything else, you need to understand what the investor is looking for. Venture capitalists are generally looking for two things. Read more
