A well-designed feasibility study should provide a historical background of the business or project, a description of the product or service, accounting statements, details of the operations and management, marketing research and policies, financial data, legal requirements and tax obligations. The rising prices for motor accessories especially tires and tubes, will lead to the profitability of the proposed business because motor vehicle owners will hesitate to buy new replacements for their tires and tables, instead they will have it repaired to a more affordable price. We have however laid the right strategies that will ensure that we surmount any challenges that we are likely to face during the course of starting or running the business. The city is also one that has a high number of retail outlets that are of high end. Keywords: business idea, business start-up, business planning, fashion industry Our aim is to become a worldwide brand name in the 2023 here in Midtown Manhattan – New York. and popular Finnish fashion bloggers in the Finnish fashion industry, on the other hand, literature related to the field of study is acquired from publications such as articles, journals, written books and online sources. What, when, why, how, where you’re using the feasibility Study? • During marketing study, the researcher must determine if there are sufficient demands for the product as well the competitive position of the firm in the industry. Ensures that company policies are reviewed to remove or modify those that aren’t working, In charge of creative designs by the company, Liaises with magazine editors, other fashion managers, organizers of pageants and catwalk on behalf of the company, Remains updated about industry trend so as to predictably forecast what would be fashionable and design same for the company, Carries out administrative tasks that ensures that the company runs smoothly, Sources for and recruits the right employees on behalf of the company, Conducts employee orientation and training, Sources for reliable vendors and manufacturers on behalf of the company, Drafts negotiation documents that would be used to secure the materials on behalf of the business, Looks for back-up vendors and manufacturers on behalf of the company, Checks the raw materials and ensure that depleted stock are replenished, Monitors and documents outgoing materials and incoming materials, Ensures that storage is well ventilated and that the materials are in the right condition always, Conducts appropriate market research in order to determine new target markets on behalf of the company, Conducts direct marketing to clients on behalf of the company, Drafts and reviews marketing strategies for the company and removes ineffective strategies, Controls the amount of physical cash used by the company to carry out certain activities, Ensures that the ban statement and the cash boo are appropriately reconciled at month end, Prepares all financial information and statements as well as tax reports on behalf of the company and carries out internal audit as well, Ensures that all customer enquiries, orders and complaints are promptly attended to, Keeps an updated customer database on behalf of Davica Fashion Design LLC, Keeps up with industry trends so as to have the right knowledge when attending to clients, Ensures that the office premises are clean before the start of business each day, Carries out any other duties as might be determined by the admin manager, Monitors the loading and offloading of materials in and out of the truck so as to ensure that it tallies with documentation, Ensures that materials and designs as well as other accessories are delivered to the accurate locations each time, Carries out any other duties as determined by the admin manager, Ensure that we introduce our fashion design business to fashion houses, large scale magazine editors as well as other stakeholders in the industry here in Midtown Manhattan – New York, as well as all over the United States of America, Ensure that we place adverts on local newspapers, fashion and beauty magazines as well as on radio and television stations, Empower our marketing and sales team to engage in direct marketing on behalf of Davica Fashion Design LLC, Ensure that our business is listed on both offline and online directories, Distribute handbills and fliers in conspicuous places in order to promote our business, Use the internet especially our website to promote our business, Throw a large fashion themed party in order to create awareness about our fashion design business, Engage in community activities and sponsor relevant programs, Create a website that is interactive and use that to create awareness about our business, Ensure that we use social media platforms such as Instagram, Twitter and Facebook to vigorously promote Davica Fashion Design LLC, Ensure that we place adverts on local newspapers, fashion and beauty magazines, as well as on radio and television stations, Engage in fashion shows, beauty shows and catwalks and other shows in order to create awareness about Davica Fashion Design LLC, Ensure that all our staff members wear customized clothes with an attractive design in order to promote our business, Total fee for registering the business in the United States of America –, Obtaining of licenses and permits as well as accounting software –, Marketing promotion expenses (grand opening expenses and general marketing expenses) –, Insurance coverage (workers’ compensation, general liability) –, Operational cost for the first 6 months (salaries of employees and payment of utility) –, Other start-up expenses (stationery, phones, computers, and printers) –, Cost of start-up inventory (raw materials, design accessories, table, shelves, bins, and cash register) –, Cost of purchasing a fairly used vehicle –, Leasing a facility for the period of one year –, Generate part of our start-up capital from our personal savings, Source for soft loans from family members. To place an order, pay N10,000 to GTBank (Guaranty Trust Bank) Account Name – Uwadia Eyemeka Account No – 0127561472. In charge of making strategic decisions that would affect the overall direction of the company. The various data gotten from the feasibility study were based on data and information that was gleaned from similar start-ups such as ours here in Midtown Manhattan – New York. Explain with your own word. 1. 1. 4.0 MARKET FEASIBILITY…………………………………………………… 10 Finally, we know how important our customers are to our business, because without our clients our fashion design business will not exist. 3.2 Proposed Organizational Ranking……………………………………… 9 ProjectManager.com is an award-winning software that can help you manage your feasibility study through every phase. Sustainability and Expansion Strategy, business and that is the fact that we are located, How Non Profit Organizations Benefit the Society/Community, Sale of fashion design wears for certain ages and sexes. We now that if we carry out these measures, we are likely to not only sustained but also expand our business as well. 3 * An assessment of the current market Explain why you are writing the plan: is it to secure finance? These estimations are made founded on Php 4500 daily basic profit. (website) A check on for any feasibility study on the World Wide Web will open you up to over a thousand other researches done on different businesses that will potentially yield income as the business grows, one of such business is the cold room business in Nigeria. An outcome is said to be positively valent when a person prefers attaining it to not attaining it; when he or she prefers not to attain an outcome, then it has a negative valence; and when he or she is indifferent to whether an outcome is attained or not, it has a valence of zero. The bank loan is expected to be repaid in 5 years at a 2% interest rate. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. Feasibility study is an analysis of the viability of an idea. While the fashion industry might seem fun and glamorous, there are threats that the industry faces every now and then and as a business we are well prepared to meet any threats we might face during start up and whilst running the business. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. How to Write a Bridal Shop Business Plan [Sample template], Writing an Online Shoe Store Business Plan [Sample Template], How to Write a Sewing Business Plan [Sample Template], How to Write a Perfume Line Business Plan [Sample Template], Writing a Shoe Manufacturing Business Plan [Sample Template], A Sample Clothing Store (Boutique) Business Plan Template, A Sample Jewelry Making & Retailing Business Plan Template, A Sample T-shirt Design & Sales Business Plan Template, How to Write a Clothing Line Business Plan [Sample Template], 14. Fashion Design Business Plan is a lucrative business that needs a lot of strategic planning to start and a business coach like Dayo Adetiloye to help you start the Implementation. In Work and Motivation, Vroom defines the central problem of motivation as "the explanation of choices made by organisms among different voluntary responses". Promos, seasonal discounts and company membership are some of the discounts that come up into different variety of discounts. GTBank (Guaranty Trust Bank) Account Name – Chudi-Oji Chukwuka Account No – 0044157183. The planned business is as result of feasibility study carried out by Geoffrey Fashion house in Warri and its environ. will harness the power of computer sublimation to allow custom shirt printing in production runs as small as one unit. * An evaluation of the possible options for entry into the market The feasibility study of a tween clothing store in Leaside, North Toronto ... the feasibility of the business venture. a management tool? We have therefore decided to restrict the sources of start-up capital to 4 major sources. Asides from generating revenue and ensuring that one can compete favorably against its competitors, marketing is also used to create awareness for the business for existing and potential customers. We also took it further by analyzing and drafting a sample fashion designing business … Complete Fashion Business Plan Template . 2.1 Objectives…………………………………………………………………. Feasibility Study. 3.2 Job Description…………………………………………………………… 7 Ghayoumetz de Saricoff has different marketing approach. Seeing as technology has come to stay, we will be deploying the right technology that will help us become efficient in producing the right designs, while also getting the right and recent equipment are procured for use in increasing productivity. If a manager particularly wants a promotion, for example, and thinks that successful completion of a certain project will earn that promotion, then he or she will attach a positive valence to completing the project, and be motivated to do so by the perceived value of the reward. Create a more environment friendly business venture by supporting recycling of waste materials. However, in order to attract the right customers to our fashion design business, we intend to lower the prices for the first 6 months and also give some well known celebrities some of our unique designs to wear for free in order to help with promoting our brands. After payment text your name, your e-mail address and bank teller number to 07036785443 and you’ll receive your FASHION DESIGN FEASIBILITY STUDY & BUSINESS PLAN IN NIGERIA. We will also pay our employees very well as we would ensure that their welfare packages are the best that can be gotten amongst similar fashion design businesses both here in Midtown Manhattan – New York as well as all over the United States of America. • Includes a description of the industry, current market, anticipated future market potential, competition, sales projections, potential buyers, etc. Please join StudyMode to read the full document. There are certain factors which we have perceived as weaknesses to our business and that is the fact that we are located in a fashion hub as New York, especially as Manhattan is one of the hottest fashion hubs. Jessica Villaseñor We therefore are in business in order to generate revenue, make profit whilst also favorably competing with other leading brands in the fashion design industry in seven years time. We therefore intend to offer our clients incentives that will ensure that they become repeat customers. The proposed business will be a service business organization. Pre-Feasibility Study Boutique – Women Designer Wear September 2014 3 2 EXECUTIVE SUMMARY This pre‐feasibility study provides information on key facets of starting a Boutique business for Women Designer Wear. Arianna Evangelista Baliuag University The strategies will also be one that identifies with our core values and principles as a business. * A short list of the possible options Its a profitable business if the owner is a technical mind or his staff is pure professional. feasibility study is the initial design stage to any project or plan. it will provide quality service to its clientele to ensure its profitability and stability. Determining the Feasibility of Your New Business. A person's behaviour, however, is affected not only by their... StudyMode - Premium and Free Essays, Term Papers & Book Notes. • The manufacturing process, plant size, production schedule, machinery, plant location and layout, structure, raw materials, utilities and waste disposal is taken into consideration when it comes to technical study. Pre-Feasibility Study Boutique (Women Designer Wear) garments will be designed through a contracted designer and then stitched through in-house stitching unit. However, to help us know the right clients we intend for our business and also know what it is they expect from us, especially as regards our location here in Midtown –Manhattan – New York; we intend to conduct a thorough market research that would allow us draft the right strategies that would suit this market. Also, the industry is a bit saturated as there are enough fashion design businesses in and around New York. The study serves as a way to prove … The valence of an outcome, Vroom suggests, is directly related to its value for the person concerned. Also, we approached a private investor in the fashion industry, who is interested in mentoring us whilst also giving us a loan of $50,000 for our business. Our publicity strategies are top notch as we have hired the services of a brand consultant to help us draft the strategies that will make us stand out from similar fashion design businesses in the industry. However, in other to sustain a business there are several factors such as competence of employees, reinvestment strategy as well as retaining of loyal clients amongst others that will be deployed to ensure that the business continues in existence. The fashion industry is one where there are various range of available customers of both sexes and ages. It provides a broad overview of your business and what distinguishes your products or services from your competitors. The decision to conduct a feasibility study should not be taken lightly. More than two-thirds of the establishments in the fashion design industry are located in three states – New York, Florida and California. GET YOUR FASHION DESIGN BUSINESS PLAN IN NIGERIA. A large percentage of its workforce is made up of women. Okay, so we have considered all the requirements for starting a fashion design company. Therefore, the business structure we intend to build at Davica Fashion Design LLC is; Making a honest assessment of our business concept by pointing out the advantages and weaknesses we have will allow us know if we are taking the right step into starting this business, and as such we hired the help of a reputable business consultant here in Midtown Manhattan – New York. Summary The owner of [fashion business plan example] COMPANY, Mrs. [fashion business plan example] COMPANY FOUNDER, being very experienced in graphic design and project management and maintaining impeccable contacts in the motorcycle world and fashion industry, will invest all of her personal time and expertise into the startup. ...FEASIBILITY STUDY Every business is not only established to fill a need, compete favorably against competitors or generate revenue that will ensure that it makes enough profit but a business is also established that it might exist for as long as the owners want it to and even grow and expand as well. Employment in the fashion design industry was projected to grow at 3% from 2014 and last till 2024 on that same percentage which was deemed slower than the average compared to most other industries. We will ensure that our employees undergo continuous training and also that our human resources manager conduct performance appraisals every now and then in order to ensure that productivity is attained for the company. We also have competent and professional employees that would ensure that that our vision is actualized. ✓ Technical Study * useful facts and figures to aid decision-making A. Application and Obtaining Tax Payer’s ID: Application for business license and permit: Drafting of Contract Documents and other relevant Legal Documents: Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Creating Official Website for the Company: Creating Awareness for the business both online and around the community: Health and Safety and Fire Safety Arrangement (License): Opening party / launching party planning: Establishing business relationship with vendors – wholesale suppliers / merchants. Barton Interiors is a proposed venture that will offer comprehensive interior design services for homes and offices in the Boulder, Colorado area. Yet, a desire to design an apparel line is not the same as having the requisite training and experience to achieve this. After payment text your name, your e-mail address and payment details to 08060565721 and you’ll receive your FISH FARMING BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY. Author: Mercedes Gonzalez Your T-Shirt! Liaises with high end clients on behalf of the organization. Which is why to succeed in this industry you would need to be committed first as the chief executive officer before being a fashion designer. GET YOUR FASHION DESIGN BUSINESS PLAN IN NIGERIA. The marketing and sales team also has the power to modify or eliminate strategies that are deemed not to be working on behalf of the company. Specific Objectives We are going to go all the way to ensure that we do all it takes to sell our African attires both in retail and wholesale to a wide range of customer.Ola Clem® Fashion House, Inc. will generate income by; 1. Lastly, we intend to offer the best customer care for our various customers and ensure that all our customer care executives have updated knowledge about industry trends so as to use this knowledge to better serve and ensure that our customers get what they want. Starting Your Business Step by Step . A company may conduct a feasibility study if it's considering launching a new business or adopting a new product line. The company started as a home-based business. FINAL EXTERNAL REPORT Feasibility study for the development of the Fashionomics platform 2 1. Okay, so we have considered all the requirements for starting a fashion design company. Our services are offered and served with courteousness and kindness. It is located in Central Los Angeles in the vicinity of the Los Angeles fashion district and in close proximity to a large segment of B&F’s current market. (address continued) Many entrepreneurs seek to enter into the business of fashion design. VALENCE: The fashion industry is a glamorous and fun industry that is competitive in nature. Davica Fashion Design LLC is a business started and run by two friends, David Kork and Vivica Sox. GET YOUR FASHION DESIGN BUSINESS PLAN IN NIGERIA. Fashion Design Business Plan In Nigeria 2019 Latest Edition – Feasibility Study. It is an expensive and time consuming process. Marketing is very important and so it is therefore pertinent that the right marketing strategies are drafted in order to achieve the desired results. Therefore, we intend to generate income for Davica Fashion Design LLC by offering the following services; The fashion industry is one that will always see a surge in demand especially as almost everyone on earth is fashion conscious either through what they put on or see others put on. Abigail Mariñas Submitted by: We also will pay our employees very well and ensure that they are well trained in order to be able to handle the different and increasing responsibilities assigned to them. • Is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to support the process of decision making. DEFINITION OF FEASIBILITY STUDY * if your idea is viable or not You'll also find out obstacles to your idea as well as solutions to deal with them! The pre‐feasibility study is based on six (6) machines (single needle), two (2) over‐lock machines, one (1) embroidery machine, with an operational capacity of manufacturing 5,824 dresses per annum. Below is the result of the SWOT analysis that was conducted on behalf of Davica Fashion Design LLC; Our strength lies in the fact that we create unique designs for our various clients to meet their tastes and preferences, as well as other fashion related services. is an exciting new business that allows people to custom design a shirt (specifically the design on the front or back) any way that they would like. What does a feasibility study involve? Because we intend to have a whole lot of customers, we at Davica Fashion Design Business have come up with different payment options so as to suit the different styles and preferences of our customers. * alternative approaches and solutions to putting your idea into practice Drinks, foods and services came from Philippine localities and some are from foreign countries. 2.0 PROJECT BACKGROUND………………………………………………... 3 Should there be any change in the factors, it would lead to an increase or decrease in the figures. So let’s proceed to the business planning section. FEASIBILITY REPORT ON BAKERY &CONFECTIONERY Nakul Agrawal. March 19, 2013 By intelligently leveraging cutting edge technology, Your T-Shirt! 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