• Fashion Business Plan Template: How to Start a Fashion Business Plan (in 20 mins)

    28,340 views 2 years ago
    Learn how to create fashion business plan in less than 20 mins instead of spending days/weeks/months creating one.

    How to start a fashion business? or
    How to start a clothing business?

    The first step is creating a fashion business plan or fashion business model. In the above video, we are going to learn how to create your fashion business plan in 20 mins. You must be wondering why 20 minutes, typical fashion business plan takes days/weeks to create.

    A perfect fashion business plan is a myth.

    Studies have shown that what separates successful fashion brands from unsuccessful is not the perfect plan but the ability to turn profitability before running out of resources.

    The way to start successful fashion business is not to spend weeks creating your perfect business plan but going out talking to your customers and modifying your fashion business model to adapt to customer’s needs.

    Time is a critical resource when you are starting a clothing line and you should not fall into the analysis paralysis path.

    Perfection is not the goal here, the goal is to create a snapshot of your initial thinking w.r.t. your customers, product, unique value proposition, revenue stream etc so you can establish a baseline as you are starting a clothing line and then modify/update it based on customer feedback.

    We are going to use a tool named Lean Canvas created by Ash Maurya in order to accomplish this.

    If you have any specific questions, please drop them in the comment and I will reply to them at my earliest convenience.

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