Fashion Design Business plan in Nigeria – I’ve heard people say hardship breeds ideas and opportunities, given the economic condition of the country today, a situation where graduate find it difficult
to secure a job after 6 years in primary school, 6 years in secondary school and then 4 or 5 years depending on your course of study and of cause if there was no issue of strike, it has even become easier to get a business idea and the these graduates are venturing into different business fields.
Fashion boutique business borrows a little leaf from Tailoring Business, since both businesses deals with what we wear. When you talk of tailoring, you stream line it to only the cloths we put on, while Fashion Design Business stretches to footwear, necklace as well as other fashionable accessories.
The Fashion Business focuses on every outlook and beautification, and a such the business is not in shortage of customers, t every point in time, there is this one person who wants to change their wardrobe, while one is trying to change his wardrobe, the other is trying to upgrade his wears, there are those who prefers buying theirs one at a time, all in all, there are customers who will always patronize you.
And for sure, the fashion business is a very lucrative business, like I said, with a well stocked fashion design business store, you will always have those that will come to buy. There are cases of those who wants to come for your latest stock, like their lives depends on it, some even book for it immediately the order is made. Since looking good is good business, you must invest in the business in order to be able to make others look as the case maybe.
To get started, you need a Fashion Design Plan, don’t let anyone tell you that you do not a business plan for your business. How will you even succeed in a business you know nothing about, however, with a business plan, statistically, you have succeeded 30%, this is because knowledge is power, and with the information embedded in the fashion design business template, you start a chance of succeeding in your venture.
In Nigeria today, Fashion Designing has become part of the daily activities, everyday people go to their work place, a place where they have to at least look good while coming, the thing is that there is a large market for fashion design business, from wedding events, burial, end of the month thanksgiving etc, there is always an occasion where you’ll need you to come to their rescue.
Note that there are established brands in the fashion design business, brands such as Calvein Klein with an estimated net worth of 1.7 billion dollars and Giorgio Armani with an estimated net worth of 7.2 billion dollars. In the fashion design, it is always a welcomed idea to start small and then expand into a big franchise just as Celvein Klein and Armani.
What You Can Use Your Fashion Design Business Plan for
The Fashion design business plan can be used for the following;
- Access government or any other type of Grant
- Apply for a Bank Loans using the fashion design business template
- Used in writing a Proposal for a contract
- Information contained in the fashion design business plan can be used a Business Concept etc.
Do you want to buy the fashion design business plan? Follow the information below;
Things to do before Setting Up Your Fashion Design Business in Nigeria;
Business Plan – A business plan is a necessity which can enhance your success and help you set up your business, the boutique business plan in Nigeria comes with an outlined information on how a fashion design business should be set up, with this business plan you get a glimpse of the business will be like, the business plan tell you how much you’ll need to invest, your return on investments, and the best location to site your business.
Business Registration – You should at least register your business to be considered a band, registering your business gets your business recognized by law.
Why you should Register Your Business;
- It protects your brand from fakes
- Protects your business name from duplication
- Protects your business Logo etc
It is important not to ignore these importance of having your business registered. How do you register your business?
- Visit the Corporate Affairs Commission Office.
- There are offices is located in every state capital in Nigeria. You will issued a business license to operate.
Competitors – Know the fashion business outlets you are competing with, knowing your competition enables you to be hyper-active to make your business to grow. Knowing the competition tells you the things you must improve on and how you must improve them.
Location – Your business location is also important, set up your business in an area where there are people. Few factors should also be put into consideration while scouting for location, also factor in the rent to be paid as well as capital employed, setting up a fashion store in an area such as VGC in Lagos or Asokoro in Abuja will be more expensive than setting up in Surulere in Lagos or Nyanya in Abuja, also the town and state where the business will be set up also plays a role in the capital employed, for instance, it will cost more to set up your fashion design business in Lagos state or Abuja (FCT) than in Enugu state.
Some of the information contained in the fashion design business plan includes the following;
- Executive Summary
- Introduction
- Business Description
- Products and services
- Competitive Advantage
- Market Research
- Competitor Analysis
- Sales and Marketing Plan
- Operational Plan
- Business Risk
- Management and Structure
- Financial Plan and Projections
Hurry Now and BUY the Fashion Design Business Plan. Simply order yours by paying N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
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