You’re a rock star fashion designer, but maybe you feel like you don’t want to do everything by yourself. Maybe you’re considering bringing on a partner. The right fashion business partner can help you move ahead in the business world. They can provide new ideas and an extra set of hands that help lift you to success. But choosing a fashion business partner is also an important decision that can have lasting consequences. In this article, we’re going to help you understand how to pick the best person to work with for your fashion business, if that’s the route you want to go.
You may know a lot about fashion, but you may not know much about business. And while business skills are great to have, any time you take to study business will be time that’s taken away from creating your designs. There are only 24 hours in the day, and you may not want to spend that time learning things that don’t interest you. If you choose a partner with great business skills, however, you’ll benefit from their knowledge and you’ll both be able to move ahead.
Fashion Week - Fashion Designer Looking For Business Partner title=An Up And Coming Designer Sets Her Sights On New York Fashion Week style=width:100%;text-align:center; onerror=this.onerror=null;this.src='https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRi7K6IVl1c62mrSgX52VdbwisOIWA2XZ8D3gSDUkeRFsRwXyFNu3059_qy19EMFNml1fg&usqp=CAU'; />
Even if both partners in a business are designers, you can still benefit from having a partner by taking advantage of two minds. A second person thinking about a problem gives you more ideas, more creative power, and better solutions.
Fashion Forward: Staying Ahead Of Trend In A Pandemic
Another benefit of having a partner is a second person to get things done. As a team, you’ll be able to accomplish twice as much as you would have on your own. Having a partner in fashion is just good business.
Hiring your best friend as a partner sounds like a great idea, but it might not be the best option. Going into business with someone is an important relationship that will have lasting consequences on your life. It’s not something to be taken lightly. The following is a list of things to consider when choosing someone to work with for your fashion business:
Discuss your goals for the business and evaluate if this person is looking to go in the same direction that you’re thinking. New ideas are great, but you and your partner should be able to agree upon the big issues, like the company direction and goals.
Solv Studio And Honest By: The Growing Slow Fashion Movement
If you have a highly motivated personality that works quickly to get things done, you may become frustrated by someone who doesn’t share your entrepreneurial spirit. Find a partner who values hard work as much as you do.
You can’t do everything on your own, so look for someone who has the knowledge you’re missing. If you draw great designs, but you’re not very good at networking and building business relationships, look for someone who’s more outgoing and can create those networks for your business. Think about what your strong points are, and the skills you don’t have. A partner should be able to fill in those gaps and complement your own skills.
A good business partner should be someone who is consistently reliable. If they say they will meet a deadline, they should be able to meet that deadline without excuses. A partner who is constantly late for meetings or doesn’t answer calls will only cause problems down the road.
Template Business Plan
A stable person has their life together. They have a stable place to live, and stable finances. If someone has a lot of drama in their life, they could end up getting distracted, or bring the drama into the workplace.
A good relationship is paramount to a good partnership. If little quirks or habits about the person drive you crazy, over time it can build until you can’t stand to be around the person, and that’s when arguments or drama happen. Find a partner you enjoy spending time with.
More than likely, your partner will have access to the business finances, so find a partner you can trust to handle that responsibility. If you think they may steal from the company in any way, and that includes supplies or just being dishonest on time reports, then they’re not the right person to go into business with.
Meet The Dubai Based Fashion Designer At The Helm Of The Emilia Ohrtmann Label
Select someone who is able to bring resources to the table. This could be financial resources, or it could be a good name, credibility, or reputation that can benefit the business. Maybe their value is a great skill set. Whatever it is, the partner you work with should be bringing as much to the partnership as you are.
Your relationship should be balanced. This means that both of you should be putting in equal time to the business. If one of you tends to take over projects and do the whole thing, or sit back and wait for you to do it, resentments will occur. The same goes for arguments- find someone who is willing to meet you halfway. They don’t need things to be their way or the highway.
When you have experience working with someone, you have a better idea of what kind of a partner they’ll be. You’ll be able to judge each of the factors mentioned above with greater accuracy. If you haven’t worked with this person, but you feel they may be a good match, give it a trial run before you commit. Choose a specific amount of time to try working together and see how it goes before you make a long term decision.
Elizabeth Bugdaycay Photos & High Res Pictures
By evaluating each one of the traits listed above, you’ll be able to find the best possible partner for your fashion business. Although you do want to pay close attention to how well you get along, this shouldn’t be an emotional decision. That’s why it may not always be the best idea to partner with your best friend. The hardships that come with business can destroy a friendship. If you ignored the fact that they aren’t good with money because they’re such a good friend, you’re only going to regret it.
One last piece of advice: plan ahead in case the partnership ever dissolves. A business partnership is a legal bond involving finances and resources. Just like a marriage, when a partnership breaks up, it can be an emotional experience that can sometimes leave one of you in ruin. Be sure that you’re always planning ahead in order to protect yourself in the event you decide not to work together any longer.
By choosing a fashion business partner carefully and deliberately, you should be able to find someone who can help you succeed and celebrate with along the way.
Team Of Business People Is Doing Brainstorm At A Meeting Using Stickers On The Glass. Office Workers Are Discussing Strategy, Business Plan And Goals. Startup Concept. — Stock Video © Shmeljov #434410218
Running a successful fashion business will be one of the most exciting things you do in your life. There will be ups and downs and celebrations and disappointments. And they’ll all be worth it. As long as you get yourself out of the phase of confusion and overwhelm and into the mindset of focus and determination, you will do this.
And I’d love to help you. Click here to learn more about what it means to join The Designer Membership. I hope to see you in there. A BUSINESS COACH & RETAIL STRATEGISTHi! I’m Sarah and I’m passionate about helping designers grow their fashion brand’s sales and profits and scale from startup to mega brand status.
EXPERIENCED RETAIL BUYER & PRODUCT MANAGERDo you want to (finally) feel the success of having a fashion business that you are passionate about and fills you up AND that generates sales and profits so you can keep growing your business?
London, Uk. 23rd July, 2019. Jean Paul Gaultier, Flamboyant Fashion Designer Stages Production 'somewhere Between A Revue And A Fashion Show' Based On His Life Story, Capturing Key Moments Including His Time
I’ll help you with the business strategy and accountability that will allow you to grow your fashion brand with confidence, freedom, and authenticity so that you can finally have the fashion business that you are proud of that actually makes you money!
Are you ready to stop struggling and learn from an experienced buyer and product manager? With over 14+ years of retail experience creating & scaling profitable fashion brands that will help you learn exactly what you must do to create a successful and profitable fashion brand.
You decided to start your fashion brand because, well - it’s all you ever dreamed about since you were young. You are an ambitious and passionate creative and you’re happiest when you are designing. You take pride in your fashion line because it’s an authentic piece of who you are and nothing motivates your more than making your customers feel special.
Fashion Business, How To Find The Best Business Partner
At the start you were excited, but you’re realizing sales and growth don’t just happen and you aren’t sure where you are getting stuck.
I’m Sarah Ferrence, a no-nonsense business coach and performance driven retail strategist whose passion is to help amazing designers make their business successful.
After working in corporate retail for 12+ years, I know what it takes to launch, grow, and scale fashion empires because I did it time and again. I’ve created sales driving strategies, lead customer driven product lines, and generated year over year revenue growth for $100+ million dollar for YOUR favorite national and global fashion brands.
Teamwork, Fashion And Designer Women In Workshop For Planning, Idea And Creative, Thinking And Goal. Group, Partners And Female Team Sharing Vision, Plan And Small Business Idea For Design Company
My retail experience combined with my unique abilities to quickly identify custom sales opportunities and offer personalized strategies for fashion brands allow me to help you see the sales and growth for your fashion brand
0 comments
Post a Comment