Business of Fashion - Part 1: Getting Started
A two-day Bootcamp designed to help Fashion Entrepreneurs on the path to building a better business. Part 1 of 3.
Saturday, October 26, 2019
9:00 AM - 3:00 PM (Central Standard Time)
4245 North Knox Avenue, Chicago, IL, USA Get Directions
Part 1: The Business of Fashion
9am - 10:30am: "What is it you do exactly?" - Types of Businesses and Licensing
Being able to clearly identify how you want to identify your business (Sole Proprietor, Corporation, LLC, etc) and what licenses may apply, can help save you a lot of time (and money!) in the long run.
10:45am - 12:15am: Start Where You Are - Scaling your Small Business
We love an ambitious vision! Runway shows, store fronts, luxury materials, and every tool your heart could dream of. But often the upfront costs and unknown steps can feel inhibiting. In this session, we’ll go over ways that you can break down your long term plans to build the business of your dreams. (And how to keep your inspiration flowing.)
12:15 - 1pm: LUNCH
1pm - 3pm: Understanding Your Resources - Funding, Overhead, & You (Workshop)
Building on the morning sessions, we’ll walk you through creating an individualized Business Portrait that will help you determine what resources and steps you already have covered, and how to grow to where you want to be.
9am - 10:30am: Worst Case Scenario - How to handle Insurance, Illness, & Succession Planning
Is there a way to prepare for the unexpected? In this session, we will explore options for your business to be able to weather storms, even when you can’t see them coming.
10:45am - 12:15am: Writing Your Business Plan Part 1 - Elements of a Business Plan
You know how your business works. But what do others, like Bankers, Investors, and potential business partners look for?
12:15 - 1pm: LUNCH
1pm - 3pm: Writing Your Business Plan Part 2 - Hands on Workshop
Let’s wrap up the weekend by putting everything into action. We’ll use templates to create a basic, individualized business plan.
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