Business plan to mount a clothing store

Business plan to mount a clothing store(buy saree)
Children, women, men, brides, large sizes, used ... There are many possibilities to mount a clothing store.
If you have worked in a clothing store, you know the business, you have people skills and desire to be an entrepreneur, you gather almost all the requirements to create your own trading. However, you can also get started in this business but do not know the world of fashion: according to Maria Antonia Gil, owner of the clothing store Antinea, " if you do not know how an establishment of this kind is managed, the employer must put in charge of it to an expert to lead it to avoid early failures ".
Anyway, the first thing is to choose the form of marketing that best suits your chances. Franquiciarse can be a good choice: parts with good support brand and an already defined and known by the client image. Some houses, such as -
(lehenga saree), offer alternative establish yourself as a unique brand that is, selling only hers or that a very high percentage of the garments is ofertes your brand, but without franquiciarte .
So you benefit from selling a known brand , but without the shackles of a franchise (do not pay franchise fee, royalties or percentage for publicity). You can also mount a multibrand store with products from different vendors that will choose according to the preferences of your regular customers.
Read below the main keys when starting a clothing store .
The local key factor
Having decided on the form of marketing, you should find a suitable place. You can be at street level , in a mall or even on the first floor
(buy saree online).
You must have at least 40 m2 to include windows, testers and, of course, exposing clothes. In addition, you'll need a store of at least 20 m2.
Decoration . It is one of the variables more weight to attract customers. Maria Antonia Gil expert considers "important that the customer feel at ease, so you have to try to create an environment that encourages stay longer in the store and thus increase the chances of making a sale." Ana Zuazo, goes further: "The decoration should be the product sold. If the customer pays more attention to the decoration on clothing, something is wrong. "
Storefronts . According to Maria Antonia Gil, "we must try to expose all product lines Store. In addition the combination of colors in the window  will allow the attention of passersby. " The relationship with suppliers depend on the type of marketing that we have chosen. If you establish you as a multibrand store, you will have to search and choose several suppliers, according to cover your needs.
Getting organized
It is very important to look for serious suppliers through contacts, journals or fairs, such as Fashion Fair in Madrid. " Every entrepreneur who is just starting should attend fairs because in them can see what is going to take in the coming seasons, compare prices, make contacts ... They serve as a benchmark for choosing products to market in future seasons.
Two large purchases annually. When placing orders, must take into account that in the world of fashion, the calendar year is usually divided into two seasons: spring-summer and autumn-winter. Depending on the brand with whom you work, you'll need two to four major orders throughout the year. "Typically are two large purchases annually at the beginning of each season, ie, fall and spring, then go through specific tailoring your offer reruns(Sarees buy) .
In advance. In order to have the garments in the corresponding season, it is normal that we ask at least six months in advance, and sometimes even a year earlier. However, the option called "fashion soon", they serve the product in one or two months at most. And some providers bring new products every so often used to introduce new products throughout the year.
Different forms of payment. As for the payment, it is usual to have to start paying cash. Then, as you get to grips a gap in the market and consolidating the relationship with suppliers, the time to pay will be increased. "Among the possible forms of payment, advise not accept in any case the
(lehenga saree)proforma invoice, you enter the money in the bank and then you send the goods. So, you risk that you send shipments changed, defective or missing part of the merchandise .
Clothing that does not sell. If you are in a franchise, the franchisor will take care of unsold garments. If this is not your case, you will have to resort to the offers and discounts that will reduce your profit margin. Therefore, in the early years should make small orders.
Learn from the great. "When you do not know how to deal with a situation, look at the big stores. Thus, with the euro changeover it is not known what will hook the peseta prices , with finishes were 0, 5 , and 9. To adapt to the market, only to put the price will be determined by companies such as El Corte , because they spend a lot of money to market research . And it is that businesses with greater market share invest in studies of all kinds, so you have to follow its path to see the evolution of the sector.
Accounting concepts you need to know
In our financial plan we must differentiate three main sections:
Income statement: Reflects all monthly income and expenses
(buy saree online), regardless of whether they have or not effective. For example, if in May the expenditure paid June rent the premises in May and June, impute that month, though we have paid the last. The total income statement indicates losses (if it is a negative number) or benefits  of each year. Clothing sales will be the main income Groce. To this figure we must subtract the costs we go accumulating. Of these, it is noteworthy three accounts: the staff costs, which will increase in July and December for overtime pay (if they have not been assessed), the financial expenses for the bank loan, and the depreciation charge for fixed assets, which will be a monthly expense. Every time we redeem go subtracting the same amount to the account of fixed assets shown on the balance sheet, through Accumulated depreciation for tangible assets.
Treasury. It is subdivided into receipts and payments. The charges include all the money that comes into box (selling clothes, capital, loan ...), while payments reflect that out (safety stock, purchases, rent ... ). The difference between receipts and payments will give us the cash balance, which is the liquid money than have the company for all eventualities.
Pension balance. What are the assets and liabilities. The assets include all those accounts that pose a possession or a right in favor of the company, for example, the stock of security or immobilized. Passive brings together all those accounts that constitute a debt or obligation of society, for example, the money we owe to our suppliers.
¿Franquiciarse or not Franchisee
If you go to start your own business and want to risk as little as possible, the best option is to establish yourself as a franchise, given the high chances of success of many of these banners(Sarees buy).
The main advantage for the franchisee is the fact of working with a brand already established in the market , so you can benefit from the visibility and security that are associated with the image of it. But there are other advantages, such as financial, since many franchise chains into agreements with banks so that it is easier to find financing for franchisees that for people who decide to go it alone.
On the other hand, the franchisee can benefit from management knowledge acquired by the franchisor and avoid errors that would otherwise commit due to lack of experience, besides having a foothold in the event of encountering problems. Investment will also save on market research, as taught assures evolution, development and adaptation of business variations thereof.
Is the franchise face?
However, not all benefits. To establish a franchise can be very expensive because you have to pay entrance fees, a periodic payment known as royalty and other advertising and R & D. Also, fashion franchises require a fairly large and in high - traffic areas locally, so you can see the price increased.
In addition, establishments, products and service are subject to standardization as it should be decorated, placed and paid, respectively, according to patterns set by the franchisor.
little autonomy(buy saree)
"The black point of the franchise is that, as a global share of a company, whenever a change is made to be carried out by all points of sale, leaving no room possibility of individual actions. For example, if at a given time the franchisee needs to increase the income of the store, you can not do promotions solo or sell other products other than the franchise, which is losing sales opportunities.