DON'T KNOW WHERE TO START WITH YOUR BUSINESS PLAN?
budgeting pie charts for
apparel brand owners
Download our Free Guide to breaking down your apparel
brand's budget for the first 1-10 years!
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Are you struggling to grow the revenue in your startup apparel brand?
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Do you feel enormous amounts of stress trying to figure it all out on your own?
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Did you know that 82% of Apparel Businesses fail after just 2 years due to cash flow problems?
Download our FREE Budgeting Resource Guide, using a visual representation of how you can consider breaking down your budget for the first 1 to 10 years in business!
LOOKING FOR MORE INFORMATION?
LIKE, HOW MUCH SHOULD YOU SAVE?
Once you know how the spending percentages of your budget can break down for success in your first decade, you're probably wondering how much you need to save to get started!
We've run dozens and dozens of scenarios in our our handy-dandy spreadsheets to come up with a number that we think leads to the most realistic success.
How did we define success?
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No debt. In our ideal scenario, your bank account is always in the green, or is always a positive number.
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$1 Million in Gross Revenue in Year 6 of Business. We know that the 7-figure mark is important to so many brand owners, and we wanted to get you there quickly, but not rushed.
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Exponential growth after 10 years. Once you've become an "over-night success" in your first decade, our ideal numbers scenario helps you start making $1 Million more for each additional year that you're in business.
important disclaimer
These resources offer a sample framework for budgeting in the apparel industry's first 10 years. It's based on experience working with numerous clients, but it's not the only way to approach budgeting. Think of it as a starting point.
We are not financial advisors or tax experts. The information provided in these resources is for illustrative purposes only, showing how some brands structure their finances and offering our industry-informed suggestions.
This is not a substitute for professional financial guidance. Consult with your financial team to develop a budget tailored to your brand's specific needs and circumstances. Do not consider these documents to be definitive or universally applicable to all fashion brands.
grab your cheat sheets to set up your business plan today!
When I started The Business of Apparel, I had no idea how to write a business plan, nor did I know what kind of numbers were realistic!
This e-book will give you a detailed view of how success could be defined for you and your brand while you work on your own, specific numbers or to get your business plan started on the right foot!