A Sample Sewing Business Plan Template
A Sample Sewing Business Plan Template
A Sample Sewing Business Plan Template
Business Overview
The sewing or fashion design industry is an industry that is highly
thriving in countries of the world. Africa for instance has loads of
players in the sewing or fashion design industry. Although the average
sewing shop runs this type of business on a small scale, there are
medium scales to big time investors who also operate standard fashion
Design Companies.
These are the organizations that own their own standard industrial
machines and over a dozen employees and also engage in exportation of
well – make African attires to countries across the world. In most cases,
they ensure that they target countries with robust African communities.
We hope to grow the business from making dresses and clothes for
clients in Michigan to exporting our African attires to other countries in
Africa and the world at large where we have robust African
communities. Our business goal as a sewing / fashion design business is
to become one of the leaders in the sewing / fashion design business in
Michigan.
No doubt the demand for African attires is not going to plummet any
time soon because there will always be people out there whose wardrobe
will not be complete without African attires, which is why we have put
plans in place to continue to explore all available market within our
reach.
Ola Clem® Fashion House, Inc. will at all times demonstrate her
commitment to sustainability, both individually and as a firm, by
actively participating in our communities and integrating sustainable
business practices wherever possible.
Ola Clem® Fashion House, Inc. is a family business that will be owned
by Mr. Olamide Clement and his immediate family members. Mr.
Olamide Clement is a graduate of fashion designing from Yaba College
of Technology in Lagos, Nigeria. He has the business expertise and
experience to help build Ola Clem® Fashion House, Inc. to become a
world – class brand in the sewing / fashion design industry.
Strength:
Our strength lies in the fact that we have state of the art facility and
industrial sewing machines that has positioned us to meet the demand of
African attires in Diaspora even if the demand tripled over night or if
we have a massive order to meet and emergency need.
Another factor that counts to our advantage is the background of our
Chief Executive Office; he has a robust experience in the industry and
also a pretty good academic qualification to match the experience
acquired which has placed him amongst the top flight fashion designers
in Nigeria. We are not ignoring the fact that our team of highly
qualified and dedicated workers (tailors and support staff) will also
serve as strength for our organization.
Weakness:
We do not take for granted the facts that we have weaknesses. In fact,
the reality that we are setting up a sewing / fashion design business in a
city with other smaller and larger sewing / fashion design businesses
might likely pose a challenge for us in breaking into the already
saturated market in Nigeria.
In essence our chosen location might be our weakness. But never the
less, we have plans to launch out with a big bang. We know with that,
we will be able to create a positive impression and we have a proper
handle when it comes to building on already gather momentum.
Opportunities:
The opportunities available to us are unlimited. Loads of people in
Lagos state put on Africa attire for various occasions and all what we
are going to do to push our products to them is already perfected.
Michigan is just ideal for this type of business simply because of the
economy of scales.
Threat:
The threat that is likely going to confront us is the fact that we are
competing with already established sewing / fashion design businesses in
Michigan and also there are other entrepreneurs who are likely going to
launch similar business within the location of our business. Of course,
they will compete with us in winning over the available market.
So also, another trend in this line of business is that most registered and
well organized sewing / fashion design companies look beyond the
market within their locations or even America; they are involved in
packaging and exporting African dresses and clothes to communities
abroad with robust Nigerian cum African communities. Europe and
Canada and most countries in Europe are their major targets.
Lastly, in the bid to stay afloat and continue to make profits from this
line of business, most standard businesses that are into sewing African
attires tend to work hard to ensure that they also produce what is
popularly called ‘English Wears’ that can favorably compete with
shirts, trousers, T – shirts, Polo and dresses et al that are produced
abroad. With that, it is easier for them to maximize profits and grow the
business.
Government Officials
Religious Leaders
Celebrities
Corporate Executives
Groups
Wedding Planners (Traditional Dresses / Clothes for Bride, Groom and
their train)
Men, Women and Children in Michigan and other cities in America
America cum African communities in the United States of America,
Canada, and Europe
Small scale businesses that are into sales and exporting of African
attires.
Our Competitive Advantage
First and foremost, the fact that anybody with a business cum sewing
skills can decide to open sewing / fashion design business means that the
business is open to all and sundry hence it is expected that there will be
high – level competition in the industry. There is hardly any busy
community that you won’t find several sewing / fashion designing
business especially on a small scale level.
Lastly, our employees will be well taken care of, and their welfare
package will be among the best within our category (startups sewing /
fashion design companies) in the industry, meaning that they will be
more than willing to build the business with us and help deliver our set
goals and achieve all our aims and objectives. We will also give good
working conditions and commissions to freelance sales agents that we
will recruit from time to time.
Below are the sales projection for Ola Clem® Fashion House, Inc., it is
based on the location of our business and other factors as it relates to
small scale and medium scale but standard sewing / fashion designing
company start – ups in Michigan;
In summary, Ola Clem® Fashion House, Inc. will adopt the following
sales and marketing approach to sell our African attires;
Ola Clem® Fashion House, Inc. has a long term plan of opening our
show rooms in key cities all across Nigeria and also exports our product
all across the world. This is why we will deliberately build our brand /
label to be well accepted in Michigan before venturing out to other cities
in Nigeria and the world.
When it comes to pricing for products such as African attires, there are
no hard and fast rules, the prices depends on the discretion of the
fashion designer; but the time spent, the design and also the materials
used are part of what would informed the amount to be charged.
We have put in place business strategies that will help us run on low
profits for a period of 6 months; it is a way of encouraging people to buy
into our brands / label. We are aware that there are some one – off jobs
or government contracts which are always lucrative, we will ensure that
we abide by the pricing model that is expected from contractors or
organizations that bid for such contracts. As the business grows, we will
continue to review our pricing system to accommodate a wide range of
clientele.
Payment Options
The payment policy adopted by Ola Clem® Fashion House, Inc. is all
inclusive because we are quite aware that different customers prefer
different payment options as it suits them but at the same time, we will
ensure that we abide by the financial rules and regulations of America.
Here are the payment options that Ola Clem® Fashion House, Inc. will
make available to her clients;
This means that the start-up can either be low or high depending on
your goals, vision and aspirations for your business. The tools and
equipment that will be used are nearly the same cost everywhere, and
any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a sewing / fashion designing
business; it might differ in other countries due to the value of their
money. We know that no matter where we intend starting our sewing /
fashion designing business, we would be required to fulfill most of the
items listed below;
Generating Funds / Startup Capital for Ola Clem® Fashion House, Inc.
No matter how fantastic your business idea might be, if you don’t have
the required money to finance the business, the business might not
become a reality. Finance is a very important factor when it comes to
starting a business such as standard sewing / fashion designing business.
No doubt raising start – up capital for a business might not come cheap,
but it is a task that an entrepreneur must go through.
Ola Clem® Fashion House, Inc. is a family business that is owned and
financed by Mr. Olamide Clement and his immediate family members.
They do not intend to welcome any external business partner which is
why he has decided to restrict the sourcing of the start – up capital to 3
major sources. These are the areas we intend generating our start – up
capital;
Generate part of the start – up capital from personal savings and sell of
stocks
Source for soft loans from family members and friends
Apply for loan from my Bank
N.B: We have been able to generate about $500,000 (Personal savings
$200,000 and soft loan from family members $300,000) and we are at
the final stages of obtaining a loan facility of $300,000 from our bank.
All the papers and document have been signed and submitted, the loan
has been approved and any moment from now our account will be
credited with the amount.
One of our major goals of starting Ola Clem® Fashion House, Inc. is to
build a business that will survive off its own cash flow without the need
for injecting finance from external sources once the business is officially
running. We know that one of the ways of gaining approval and
winning customers over is to offer our services and products a little bit
cheaper than what is obtainable in the market and we are well prepared
to survive on lower profit margin for a while.
Ola Clem® Fashion House, Inc. will make sure that the right
foundation, structures and processes are put in place to ensure that our
staff welfare are well taken of. Our company’s corporate culture is
designed to drive our business to greater heights and training and re –
training of our workforce is at the top burner.