This post will list my steps in starting my business on a dime--well less than a $100.
1. Know how to sew. For a home based start-up business, outsourcing is not an option.
2. Know how to use a computer and printer! ($25-$30 for ink.) Or make friends with someone who does.
3. Name your business.
4. Create a design. I chose standard pillowcase dress first. I changed placement of ribbon ties. I changed length. I added different sizes of ruffles and bands. I multiply ribbon. I change widths of ribbon.
5. Buy some fabric, record information from end of bolt (fabric content and care instructions) and sew--make a few samples. I bought a yard of one print and a half yard of another from Hobby Lobby and made two to three dresses from this fabric. For $9.20 in fabric and ribbons, I can make three dresses. Don't buy anything that is not on sale!!!
6. Register with CPSC.
7. Create tags for clothing. I use card stock ($11) from Office Depot, my laptop, and my Kodak printer. I purchased a hole punch (tiny hole), embroidery floss, and little gold safety pins from Hobby Lobby. Include on your tags--MADE IN THE USA!
8. Create a portfolio. This should include dresses, photos, fabric swatches, order forms with photos, and business cards.
9. Compute your costs. Do not try to get paid for your time --not going to happen in the beginning.
10. Price your clothes knowing the shop will probably double whatever you charge. My goal in the beginning is to "clear" $7.50-$10.00 per dress after paying for sewing supplies.
11. Visit Mom and Pop stores, sell your products.
12. Consignment? Personal choice! I want cash or a check--and I receive it when I personally deliver my dresses.
13. Accounting: I will go into greater depth later. But, keep all receipts! I use Excel to record all expenses and sales. Keep track of mileage in your car. Set up one room in your home if possible to use just for your business. Don't know if it will be necessary, but I keep my gas and car maintenance receipts. I am taking tax classes this fall so that I will not have to pay an accountant. I will share what I learn as I learn it on this blog.
This is very basic beginnings. I will expand on each item as necessary in future posts.
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