This content has been marked as final. Show 4 replies
Starting a business in the fashion world, Welcome
So many questions and yet you tell us nothing about yourself.
I would suggest you develop a business plan and contact SCORE. SCORE is FREE.
Fashion_Diva, - you sure have a lot of quesitons.
First of all i would like you to visit www.entrepreneur.com view some videos and have a look at how to write a business plan (They have sample business plans). After you write a business plan you can apply for a loan (business loan) and as we all know once you have the money the oppertunities are endless. Invest in a website or try to join a concierge service for cloting/ fashion.
Try the tips and then you will be on your way.
Make sure you check out the entrepreneur.com site as it gives you a lot of information that can be helpfull. Let me know if this helps.
In my opinion forming a LLC is the best way to go since you will have a limited liability and will avoid double taxation. However, if you live in California you will be required to pay a minimum limited liability tax of $800 (http://www.sos.ca.gov/business/llc/llc_faq.htm). This is mandatory regardless of how much you make. Even if your business is at a loss for a few months or so, you will be still required to pay the tax.
Because I can't afford to pay that kind of money (I have just started my business), I chose to form a sole proprietorship instead. I suggest you check the requirements in the state you live in.
Best of luck!
fashion_diva ..... here is little help for you. I know organizations that specialize producing items in leather for good companies like gucci, raffaelo, oliveira etc... So if you have the design.. ill give you the contact numbers so that you can talk to them.
Go to original post
Reply to original post
Hello everyone. I'm just starting out a new business from my home in the fasion industry. I've had advice from friends that this is really my calling, however; I'm terrified and excited at the same time. The only problem is I've received advice from friends who have started businesses for themselves, which is great, but I need advice from well people who don't know me. I'm talking about a business from the ground up that I would like to do from home since I'm a stay-at-home mom. I love the fasion world and would love to be able to advise my (would be) customers about items they purchase for themselves, or someone else or that I would purchase for them. My business is about shopping for customers who don't have the time or patience to go themselves. Also giving advice on fashion to beauty and everything inbetween. I've had so many people (who don't know me) see things I've put together or found that is unique. It seems to be everywhere I go someone is asking my advice on fashion or beauty or something along those lines, so my friends said why not start your own business. The only problem is where to begin? Should I make my business a LLC or not? How would I start a business plan? What about a business license. Should I get a business loan or use my own money? What kind of insurance should I get, should I get any at all from the start? I'd like a website for my business, how would I go about this? How would I find a company that would help me design my website? So many questions and so much to try and figure out. HELP!!