Its a profitable business if the owner is a technical mind or his staff is pure professional. Also, since we intend to offer a wide range of services for our fashion design business, we will need to employ several employees who now and understand each task they are to handle. Application and Obtaining Tax Payer’s ID: Application for business license and permit: Drafting of Contract Documents and other relevant Legal Documents: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Creating Official Website for the Company: Creating Awareness for the business both online and around the community: Health and Safety and Fire Safety Arrangement (License): Opening party / launching party planning: Establishing business relationship with vendors – wholesale suppliers / merchants. Therefore the areas which we intend to generate our start-up capital; N.B: We have been able to generate the sum of $20,500 from our personal savings. We have however laid the right strategies that will ensure that we surmount any challenges that we are likely to face during the course of starting or running the business. * useful facts and figures to aid decision-making By (name of author) A company may conduct a feasibility study if it's considering launching a new business or adopting a new product line. Although it appears at the beginning of the plan, the summary is usually written last. However, in order to attract the right customers to our fashion design business, we intend to lower the prices for the first 6 months and also give some well known celebrities some of our unique designs to wear for free in order to help with promoting our brands. We intend to ensure that we hire professionals and competent employees who do not only understand the industry but are also committed to our organizational cores and values and are committed to ensuring that we reach our desired goals and objectives. GTBank (Guaranty Trust Bank) Account Name – Ogumka Innocent Account No – 0153723721. Use advance equipments to ensure the quality of services to its clienteles. A capital will be required in order to start the business. Why do I need a feasibility study? 4.0 MARKET FEASIBILITY…………………………………………………… 10 Arianna Evangelista Our vision is to intrigue our clients with our fashion pieces while identifying with the uniqueness in each of our clients. The company started as a home-based business. You'll also find out obstacles to your idea as well as solutions to deal with them! The company started as a home-based business. ✓ Management/ Organizational Study 4.2Target Market...…………………………………………………………... 11 The pre‐feasibility study is based on six (6) machines (single needle), two (2) over‐lock machines, one (1) embroidery machine, with an operational capacity of manufacturing 5,824 dresses per annum. The proposed business will be a service business organization. It provides a broad overview of your business and what distinguishes your products or services from your competitors. Below therefore is the sales projection that was conducted for Davica Fashion Design LLC; N.B: It should be noted that the above projections were conducted based on several factors such as there would no arrival of competitor during the time of the projections, as well as the fact that people would continue to love our brand. Presented to Conducting a feasibility study is one of the key activities within the project initiation phase. The Faculty of Business Administration Anyone who wants to go into fashion design in Nigeria and want to rank in the fashion world would consider making a mark because fashion is very lucrative and a Fashion Design Business In Nigeria is a million naira business, do not go into Fashion Design Business without a Fashion Design Business … We now that if we carry out these measures, we are likely to not only sustained but also expand our business as well. • Management study involves on... ...Business Plan Explain why you are writing the plan: is it to secure finance? Are you about starting a fashion design company? Start your own graphic design business plan. In looking critically at our business concept, the business consultant used the popular SWOT (strengths, weaknesses, opportunities and threats) analysis to determine how suitable we were for the industry. is an exciting new business that allows people to custom design a shirt (specifically the design on the front or back) any way that they would like. In carrying out a sales forecast for the company, we have been able to critically evaluate the fashion industry in order to understand how we would likely fare once our business starts up. This is a business to make money… Design is an art, fashion is about capitalizing on a ... program, our feasibility consultation & line merchandising service. Also, we intend to pay our employees very well, as their welfare packages are already the best as could be attained across the industry for similar start-ups such as ours. Yet, a desire to design an apparel line is not the same as having the requisite training and experience to achieve this. E- Commerce Business plan for clothing store Isuri Navarathna. To help you understand when to conduct a feasibility study, you may want to review Information File C5-02, Idea Assessment and Business Development Process. 7-8 Manufacturing Process In order to achieve our vision, we have laid down procedures that would ensure that most of our target market is aware of our products. The feasibility study of a tween clothing store in Leaside, North Toronto ... the feasibility of the business venture. 1. It usually takes an entrepreneur who has been into the business before to be able to successfully handle the business. Clothing Fashion Design business plan template Brittani Mann. After payment text your name, your e-mail address and payment details to 08060565721 and you’ll receive your FISH FARMING BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY. To place an order, pay N10,000 to GTBank (Guaranty Trust Bank) Account Name – Chudi-Oji Chukwuka Account No – 0044157183 After payment text your name, your e-mail address and bank teller number to 08060565721 and you’ll receive your FASHION DESIGN BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY. Our publicity strategies are top notch as we have hired the services of a brand consultant to help us draft the strategies that will make us stand out from similar fashion design businesses in the industry. The planned business is as result of feasibility study carried out by Geoffrey Fashion house in Warri and its environ. Feasibility Study for Resort If your company is considering developing land to build a resort and needs to ascertain whether the project is viable, our team at Prospectus.com can assist with your property feasibility study. Clothes express the personality of its bearer, and from this new era where fashion leads among people it’s a great opportunity to establish a business that can offer the demand of the community from clothes. Determining the prices for any product or service depends on several other factors such as what the competitors are offering, what our overheads are, and how much we are getting our raw materials for. A feasibility study assesses the practicality of a proposed plan or project. As such, we intend to ensure that we hire the right employees who are hardworking and competent and who not only understand the industry thoroughly but also the business and our core values and principles and will therefore ensure that we get to the attained level of goals and objectives through their commitment and dedication. Commissioning a feasibility... ...BULACAN Due to this, we have secured the help of a reputable marketing consultant here in Midtown Manhattan – New York who not only understand the business but the whole fashion industry and will also help in drafting effective marketing strategies that would be needed to penetrate the target market and get a huge share of our niche market. Our customer service is already adjudged the best in the industry for a new start-up regardless of the fact that we haven’t been long in the business. Liaises with high end clients on behalf of the organization. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Foods: Php 150.00 – Php 450.00 Therefore, the business structure we intend to build at Davica Fashion Design LLC is; Making a honest assessment of our business concept by pointing out the advantages and weaknesses we have will allow us know if we are taking the right step into starting this business, and as such we hired the help of a reputable business consultant here in Midtown Manhattan – New York. Who undertakes such studies? (type in trading name) Katrina Angelica Trinidad Feasibility study by Nanotechnology Institute to produce urea locally Thursday, 24 December 2020 00:12 - - {{hitsCtrl.values.hits}} The Cabinet of Ministers has directed the Ceylon Institute of Nanotechnology to conduct a feasibility study on the … Prepared (date) III. Feasibility study is an analysis of the viability of an idea. Author: Mercedes Gonzalez Specific Objectives * An assessment of the impact of each main option on your group's structure and products A person's behaviour, however, is affected not only by their... StudyMode - Premium and Free Essays, Term Papers & Book Notes. Therefore the strategies we intend to deploy in promoting and advertising the Davica Fashion Design LLC are; In determining the prices for our fashion design products, we would fix our prices depending on the type of apparel and the design used. These estimations are made founded on Php 4500 daily basic profit. Barton Interiors Executive Summary . Finally, we know how important our customers are to our business, because without our clients our fashion design business will not exist. 2 We intend to offer only the best to our target market by conducting a research to know what our existing and intending clients’ wants and ensure that we not only meet but surpass their expectation. This is why marketing is an aspect of the business that should be taken seriously as poor strategies could lead to failure of the business or dwindling sales due to poor efforts of the marketing team in increasing awareness and invariably sales on behalf of the company. An outcome is said to be positively valent when a person prefers attaining it to not attaining it; when he or she prefers not to attain an outcome, then it has a negative valence; and when he or she is indifferent to whether an outcome is attained or not, it has a valence of zero. This clothing business is the focus of this feasibility study. The goods and services that we offer are all highly valuable regarding its quality. The feasibility study is an evaluation and analysis of the potential of a proposed project. Sustainability and Expansion Strategy, business and that is the fact that we are located, How Non Profit Organizations Benefit the Society/Community, Sale of fashion design wears for certain ages and sexes. Beatrice and Francis is a fashion design house founded in 2011. 3.1 Job Description and Job Specification of the Proposed Personnel….. 5-6 This clothing business is the focus of this feasibility study. Executive summary. We will ensure that our employees undergo continuous training and also that our human resources manager conduct performance appraisals every now and then in order to ensure that productivity is attained for the company. Therefore, we intend to generate income for Davica Fashion Design LLC by offering the following services; The fashion industry is one that will always see a surge in demand especially as almost everyone on earth is fashion conscious either through what they put on or see others put on. Our re-investment strategy is carefully planned as we also intend to pay back our loans during this period. Feasibility Criteria Pre-Feasibility Study Boutique (Women Designer Wear) garments will be designed through a contracted designer and then stitched through in-house stitching unit. These offers will make an equal demand between the consumers and producers. • Defines the legal and corporate structure of the business Therefore, some of the products and services we intend to offer are; In order to ensure that we set up and run a standard fashion design business here in Midtown – Manhattan – New York, we intend to get it right from the beginning by ensuring that we build a business structure that is in line with our core values and which will ensure that we can run all our intended services smoothly without hitches. (website) This is a business to make money… Design is an art, fashion is about capitalizing on a ... program, our feasibility consultation & line merchandising service. We therefore intend to offer our clients incentives that will ensure that they become repeat customers. Vulcanizing services will be provided by the proposed business. • the business and its proprietors; These individuals understand the fashion world such as the importance of texture, color, and shape in varied clothing as well as the business of ensuring that this creativity yields revenue and eventually profit. State what the loan will be used for and how it will be repaid: eg from additional revenue generated as a result of borrowing the money. 3 Sources of IncomeOla Clem® Fashion House, Inc. is established with the aim of maximizing profits in the sewing / fashion design line of business both in Lagos State and throughout key cities in America and of course in some countries of the world. The feasibility study evaluates the marketing, operations and finance side. Baliuag University Asides from generating revenue and ensuring that one can compete favorably against its competitors, marketing is also used to create awareness for the business for existing and potential customers. 2.0 PROJECT BACKGROUND………………………………………………... 3 The decision to conduct a feasibility study should not be taken lightly. However, having carefully looked through our strategies, we are pretty sure that our profit margins for the months we intend to lower our prices and offer discounts will not really be affected. The owner of [fashion business plan example] COMPANY, Mrs. [fashion business plan example] COMPANY FOUNDER, being very experienced in graphic design and project management and maintaining impeccable contacts in the motorcycle world and fashion industry, will invest all of her personal time and expertise into the startup. Create a more environment friendly business venture by supporting recycling of waste materials. In Work and Motivation, Vroom defines the central problem of motivation as "the explanation of choices made by organisms among different voluntary responses". David is a creative fashion designer and has been producing designs for 5 years, while Vivica has more experience in management and will be in charge of making decisions that will have an effect on the business, she has over 10 years experience in management, with 4 years in a fashion design business. • Details how you will deliver a product or service Should there be any change in the factors, it would lead to an increase or decrease in the figures. Projected Sales: It will assure you to give the best quality products and services in affordable prices. Growing number of boutiques have become an 3.2.1 Job Specification ………………………………………………………. When to do a study? There are many reasons why new community ventures fail, but lack of planning and research is the main one. • Is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to support the process of decision making. May Ann Valerio We sourced for the sum of $10,000 from our family members and friends. FINAL EXTERNAL REPORT Feasibility study for the development of the Fashionomics platform 2 1. Starting and running a fashion design business would mean you developing and ensuring you follow a creative process that is organized, which is why most entrepreneurs looking to start their own business usually work as interns in larger fashion houses so as to be able to understand the methodology required in running the business. Also remember to date the plan, the demand for quality fabrics is one... Per month from which around 280 designs are selected on average, a designer can supply designs! 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