Most often fashion start-ups often jump from using their friends and begging favors from celebrities,with the aim of creating a perception about them being a bigger player with the required tools,staff,shows,industry presence of a successful business before they are ready to fund that. Over the years many designers and creative start-ups at the initial stage of their business talk about growth in terms of studio space,PR budgets,participating in extravagant and unnecessarily fashion shows rather than focusing on building on a very strong foundation of their business, in terms of building a very strong business module,developing a long term development plan etc. Mind you; "image isn't about business because business is about creating healthy cashflow by selling a product or service that people want,delivering growth and profitability".
Designers need to be prudent with their capital,investing in production process,negotiating deals with suppliers and carefully targeting your shrewd customers with focus on sales and marketing.
Ending with PART1 of this piece i conclude that" MANY DESIGNERS AND CREATIVE START-UPS WHO WERE ONCE VAUNTED AS THE FUTURE OF THE FASHION INDUSTRY DISAPPEARED AFTER A COUPLE OF SEASONS WITH BANKRUPTCY HANGING OVER THEIR MUCH-HYPED NAMES".
No comments:
Post a Comment