Executive Summary for Fashion Business Plan
Looking to download a business plan that includes an executive summary for fashion business plan in Nigeria for grants, loans such as CBN, NIRSAL, BOI and other institutions?
Fashion designing is a fast-rising industry in Nigeria. If you have acquired some level of education, skill or training in sewing, knitting, and embroidery, then you should consider starting your own fashion house
You can’t start building your fashion empire without first establishing a business strategy, whether you graduated from Parsons School of Design or a lesser fashion school. Running a fashion business is difficult and time-consuming, but the rewards can be life-changing if you are dedicated to sticking to your plan. An executive summary, corporate vision, market and competition analysis, and the methods your company will position itself to take advantage of your chosen market are all required components of a business plan for starting your own fashion studio.
Summary of Executive Summary
Your fashion business plan’s executive summary is like an elevator pitch, condensing everything into two paragraphs. It should include the name of your fashion company, the area in which you aim to operate, the types of clothing and accessories you intend to produce, and your target market.
“ABC Fashion design/Couture will appeal to wealthy women between the ages of 40 and 55 in San Francisco,” for example, if you were designing high-end, haute couture outfits. Our prime location in Union Square will help us attract the city’s wealthiest shoppers looking for designer-quality goods at below-market pricing.”
Your Vision and Selling Proposition should be expressed.
This part will help potential investors understand the types of clothes and accessories you’ll sell in your fashion firm, as well as the market you’re targeting. If you’re going to manufacture hip-hop street clothing, for example, you’ll need to describe how it will fit the wants, needs, and tastes of your target market. More significantly, you must state your unique selling proposition, which is what you believe will set your clothes apart from the competition. For example, adopting sustainable fabrics in your hip-hop streetwear might help differentiate and identify your fashion firm.
Make a Market Analysis.
To help prospective investors understand how they would obtain a return on their investment, you must first define your target market. The most common blunder made by fashion designers is to define their target market too widely. If you’re selling comfy beachwear and your target market is “women between 35 and 50 who enjoy spending time at the beach,” for example, you’ve failed the target market test because your market is too broad and vague.
Describe your manufacturing procedure.
Fashion design is one thing, but producing clothing and accessories for a product line necessitates a meticulous strategy. In this area of your strategy, you must answer the following questions: Where will your clothes be manufactured? Have you gotten quotes from a few other manufacturers? How does the price structure of an overseas manufacturing company alter when converted to US dollars?
Describe your distribution strategy.
You must describe your distribution plan after you’ve established arrangements to design and manufacture your garments and accessories. You could wish to engage a distributor to assist you in gaining access to local retail outlets as well as large trade events where you can show off your designs and secure orders from independent fashion retailers.
State Your Financial Plan
Financial statements that illustrate the relative health of the business and provide crucial corporate data to investors and lenders are required in your fashion company’s financial plan. An income statement illustrates how much money the designer intends to make as the clothing line grows, as well as the costs he or she expects to incur. A break-even analysis should also be included in the financial strategy, which informs investors of the profitability level.
“ABC Streetwear will pursue a moderate growth strategy, with the goal of maintaining a positive cash balance at all times,” for example. Major credit cards, cash, and checks will be accepted as payment methods. The break-even analysis was done using average costs and prices. With $10,000 in fixed expenditures, $70 in average sales, and $15 in average variable costs, the company needs about $15,500 in sales each month to break even.”
The Fashion House business plan will have these chapters:
- Executive summary
- Fashion House Business Description
- Objective and Goals
- Mission and Vision Statement
- Material and Equipment
- Competitor analysis
- Market Strategy
- Market trends
- Our target market for fashion design in Nigeria
- Our competitive advantage
- Sales and marketing strategy
- Sales forecast for fashion design in Nigeria
- Payment options
- Feasibility studies for fashion business plan
- Financial analysis for hotel business plan
- Sources of startup capital for hotel business plan
How To Download The Fashion Design Business Plan Template PDF and Doc (with 3 years’ financial analysis)
Above is a part of the fashion designing business plan template in Nigerian. In case you need the complete business plan, follow the procedures to download it.
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the fashion designing business plan in Nigeria to your email address where you can easily download it.