How To Write A Sewing Business Plan
How To Write A Sewing Business Plan
2. Executive Summary
Ola Clem® Fashion House, Inc. is a standard sewing cum fashion design business that will
be based in Michigan. We carefully registered with the American authorities. Although we
intend starting out on a small scale by making African – native dresses and clothes for
clients in Michigan based on their demand, but that will not in any way stop us from
maximizing our potential in the sewing / fashion design line of business.
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.
As a business, we are willing to go the extra mile to invest in owning standard industrial
sewing machines and also to hire efficient and dedicated employees (tailors and support
staff). We have been able to secure permits from all relevant departments both at local
government level and state level in Lagos state to be able to successfully run our business.
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.
In the nearest future, we will ensure that we create a wide range of distribution channels all
across Michigan, the West African Coats and the World at large. With that, we know we will
be able to 3. Our Products and Services
Ola Clem® Fashion House, Inc. is a standard sewing / fashion design company that is
positioned to make profit and favorable compete with leaders in the industry and we are
going to do all that is permitted by the law of the Federal Republic of Nigeria to achieve our
business aims and ambition. Our products and services offering are listed below;
Responsible for overseeing the smooth running of HR and administrative tasks for
the organization
Updates job knowledge by participating in educational opportunities; reading
professional publications; maintaining personal networks; participating in
professional organizations.
Enhances department and organization reputation by accepting ownership for
accomplishing new and different requests; exploring opportunities to add value to job
accomplishments.
Defines job positions for recruitment and managing interviewing process
Carries out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Oversees the smooth running of the daily business activities.
Manages external research and coordinate all the internal sources of information to
retain the organizations’ best customers and attract new ones
Models demographic information and analyze the volumes of transactional data
generated by customer purchases
Identifies, prioritize, and reach out to new partners, and business opportunities et al
Responsible for supervising implementation, advocate for the customer’s needs, and
communicate with customers
Develops, executes and evaluates new plans for expanding increase sales
Documents all customer contact and information
Represents the company in strategic meetings
Helps to increase sales and growth for the company
Accountant / Cashier
Responsible for preparing financial reports, budgets, and financial statements for the
organization
Provides managements with financial analyses, development budgets, and
accounting reports; analyzes financial feasibility for the most complex proposed
projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensures compliance with taxation legislation
Handles all financial transactions for the organization
Serves as internal auditor for the organization
6. SWOT Analysis
Due to our drive for excellence when it comes to running a standard and world – class
sewing / fashion design business, we were able to engage some of the finest business
consultants in Lagos – Nigeria to look through our business concept and together we were
able to critically examine the prospect of the business and to access ourselves to be sure
we have what it takes to run a standard sewing / fashion design business that can compete
favorably not just in Michigan but also in the West African Coast.
In view of that, we were able to take stock of our strengths, our weakness, our opportunities
and also the threats that we are likely going to be exposed to in America and also in other
parts of the world that we intend selling our African attire. Here is a of what we got from the
critically conducted SWOT Analysis Ola Clem® Fashion House, Inc.;
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.
Another threat that we are likely going to face is unfavorable government policies and
economic downturn. Usually economic downturn affects purchasing / spending powers and
unfavorable government policies can hinder the importation of some sewing materials from
other parts of the world.
7. MARKET ANALYSIS
Market Trends
It is common trend in the sewing / fashion design line of business to find sewing / fashion
design companies positioning their business in locations and communities where they can
easily have access to affordable sewing materials and also available market.
If you make the mistake of positioning this type of business in a location where you would
have to travel a distance before you can access sewing materials in commercial quantities
or where people who want to make dress would have to struggle before they can locate
your shop, then you would have to struggle to make profits and maintain your overhead and
logistics.
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. As a standard fashion design / sewing company,
we know that gaining a competitive edge requires a detailed analysis of the demographics
of the surrounding area and the nature of existing competitors.
And even if you are successful at first, new competitors could enter your market at any time
to steal your regular customers. Hence we will not hesitate to adopt successful and
workable strategies from our competitors. We are going to be one of the very few sewing /
fashion designing company in Michigan that will also engage in wholesale distribution of
African attires all across America and also export to other countries of the world.
Another competitive advantage that we have is 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 Michigan 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 Michigan. 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.
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.
Ola Clem® Fashion House, Inc. is established with the aim of maximizing profits in the
sewing / fashion design line of business both in Lagos State and throughout key cities in
America and of course in some countries of the world. 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;
N.B: This projection is done based on what is obtainable in the industry and with the
assumption that there won’t be any major economic meltdown and there won’t be any major
competitor offering same product and customer care services as we do within same
location. Please note that the above projection might be lower and at the same time it might
be higher.
Before choosing a location to launch Ola Clem® Fashion House, Inc., we conducted a
thorough market survey and feasibility studies in order for us to be able to be able to
penetrate the available market in Michigan and the international market.
We have detailed information and data that we were able to utilize to structure our business
to attract the numbers of customers we want to attract per time and also for to compete with
other sewing / fashion designing companies.
We hired experts who have good understanding of the sewing / fashion designing line of
business to help us develop venturing out to other cities in Nigeria and the world.
As a matter of fact, our publicity and advertising strategy is not solely for selling our
products but to also effectively communicate our brand cum label. Here are the platforms
we intend leveraging on to promote and advertise Ola Clem® Fashion House, Inc.;
Place adverts on both print (community based newspapers and magazines) and
electronic media platforms
Sponsor relevant community programs
Leverage on the internet and social media platforms like; Instagram, Facebook ,
twitter, et al to promote our brand / label
Install our Bill Boards on strategic locations all around major cities in America
Engage in road show from time to time in targeted communities
Distribute our fliers and handbills in target areas
Position our Flexi Banners at strategic positions in the location where we intend
getting customers to start patronizing our business.
Ensure that all our staff members wear our customized clothes and all our official
cars and are customized and well branded.
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;
In view of the above, we have chosen banking platforms that will enable our client make
payment for farm produces purchase without any stress on their part. Our bank account
numbers will be made available on our website and promotional materials to clients who
may want to deposit cash or make online transfer for our services (sewing) or the purchase
of our products (African attires).
We would need an estimate of $600, 000 to successfully set up a medium scale but
standard sewing / fashion designing business. Please note that this amount includes the
salaries of all the staff for the first 3 month of operation.
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.