O'Reilly logo

Design Create Sell: A guide to starting and running a successful fashion business by Alison Lewy

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 10. Finance

Budgeting For Your Business

YOUR NEW BUSINESS is going to need money, and it’s a good idea to try and establish how much you are going to need at the beginning. Clever financial planning is needed as there is a long gap between the time you start investing money in making your goods to when you receive payment from customers.

First you’ll need to list your expected start-up costs, and then your ongoing fixed costs.

Start-up costs
  • Legal and accounting fees.
  • Trademark registration fees.
  • Rent deposit.
  • Cost of setting up a studio/workplace with furniture, equipment, security.
  • Marketing materials – business cards, brochures, lookbooks.
  • Research costs – including travelling to see exhibitions/shows, etc.
  • Website ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required