How to Start Your Own Clothing Business without the Need for Investors

08 Jan 2021 Posted by Oasis Shirts

Do you live to work or work to live? The question may have been asked hundreds of times, but now more than ever it is even more relevant. The difference between the two is huge, and if you are answering with live to work then you are most likely stuck in a job which you dread going to each day. If you are looking to tear yourself away from the daily grind then what better way than to start your own business. Starting a business is ideal if you are looking to do something which excites you and ignites a passion. A passion which may have been lost and even been lacking in your 9 to 5 job.

There are lots of businesses you could start from scratch, and one of these is a clothing business. Running your own clothing business could be the creative outlet you have been searching for, and ZenBusiness explains the benefits of forming an LLC whereby you would not need to look for help or assistance from Investors, which can only be a good thing.

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What Do I Need To Consider When Starting a Business?

Starting a business doesn’t need to be as complicated or time consuming as you think. Here are some top points to consider which you may not have thought about when starting a business.

Have you got your business plan in place. You need to know everything from your potential profit margins, to overall running costs and not forgetting listing what products you will be selling and where you will source these from. Putting together a plan that covers these important areas is essential.
Will you be making and selling your own products? Or will you be selling items as a third party.
Where are you selling? Are you online only, through pop up shops, or are you going to use online and offline marketplaces.
Have you done adequate competitor research? Do you know who is selling what and at how much? Who is your closest competitor.
Do you know where you will get your products and supplies from, this can be everything from fabrics and materials to chairs and desks, including those all important office supplies?
What other legalities do you need to cover – From business insurance to filing the correct paperwork. Make sure you are fully legal from the get go and you will not encounter any unforeseen problems.
Will you need premises or will you be setting up from home? Is a home based office suitable, is it welcoming to potential clients and/or suppliers.
How much time do you have to dedicate to your business – do you have family commitments to honour? Is this business you are wanting to start, something that can be done on the side of your regular job, as a side hustle, or is it something you want to do full time. Knowing what you want from the outset will help you to create a successful business.

Starting and running your own business is a fun journey. There will be times when you feel like giving up and going back. However keep in mind what you aim to achieve and this will keep you going, even through the roughest patches. Building a strong support network both online and offline is always helpful.