The 3 Most Common Pitfalls of Entrepreneurship and How to Avoid Them скачать в хорошем качестве

The 3 Most Common Pitfalls of Entrepreneurship and How to Avoid Them

Why do so many apparel brands fail to launch? It’s not for lack of creativity, or access to resources. In the apparel industry, we usually see it come down to these three most common pitfalls. And the most frustrating part for entrepreneurs who hit the wall is realizing these pitfalls were completely avoidable. Read on to make sure you don’t slip into them. 1. OVERWHELM & BURNOUT As the visionary and leader of your business, you can't do everything yourself and you need to delegate tasks and hire experts to avoid crashing, burning, and losing your creative energy. Create a list of your strengths and focus on those to get a better understanding of what areas of your business you need help with! Once you know which tasks are better left to the experts, hire and delegate. Make sure you are not attempting highly specialized skills on your own if you don’t have the experience (think pattern making, cutting, sewing, supply chain sourcing), this will only lead to wasted time and extra costs. Conserve your physical and creative energy for that which you are best at so that you keep up the momentum to keep your business on track. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 2. FUNDING Oftentimes, entrepreneurs do not realize how much funding they really need for different aspects of the business. Know what total budget you are working with so you can allocate accordingly to each part of your business, such as marketing, product photography and production. You don’t want to spend all of your money on one aspect of your business only to be frozen in place and unable to move forward! Make sure you are thinking beyond just making the product, to what else needs to happen to store inventory, package and ship it to customers, market it, and partner with brand supporters. Considering all aspects up front will ensure you have the budget you need to effectively sell the amazing product you are creating. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 3. PLANNING Having a clear plan is like having a roadmap to success for your business. You don’t want to hit a wall and wonder what to do next. Understand all the aspects you will need to execute to effectively launch and make sure they are happening at the right time to keep everything moving. Proper planning ensures the best use of your time, money and resources so you can launch in the most cost effective and timely manner! Want to know what the full development and production process looks like? Check out our roadmap and speak with a brand consultant to walk you through each step and give you a timeline to plan for. In the apparel business you can’t afford to skip steps in creating a strong product. So you need to know what those steps are to ensure you are getting it all done, and done right. Are you ready to launch your brand? If you are interested in learning more about our services and how we can help you avoid these common pitfalls, book a Development Kick Off Meeting to meet with one of our brand consultants. Our team will walk you through the development and production process and discuss financial targets, material and fit details, as well as provide you with a project quote and answer any questions you may have to ensure you are ready to start an apparel line. Website: https://indiesource.com/ Follow us: Facebook:   / indiesourceapparel   Instagram: https://www.instagram.com/indie_sourc... #fashionManufacturers #usclothingManufacturers #clothingManufacturersusa #apparelManufacturers #fashionproduction #clothingManufacturer #clothingManufacturers