Thursday, June 13, 2013

How To Start A Clothing Company And Fund It With Little Or No Money

In this blog I'm looking to do a series of videos to follow with it.  I will come p with a clothing line, create a full line of products, using something as simple as MS Word or even Adobe and then take those sketches form those programs and get demos of them done.  Because its a brand new line, I am going to start off with hats, t-shirts, head bands, rally towels, and maybe varsity coats.  I'll then start on the business side of things by incorporating the business name for the company, address, and getting a phone number.  I'll then come commence to file the paper work with my states department, and wait for it to come back.  Throughout this and the paper work wait, I'm still coming up with styles and concepts for demos.  While your waiting for this paper work which depending on how you filed it can take a day to 2-3 weeks to come back, you can even look for assistance from others to help you with art, catch phrases and even a motto for your line.  if you don't have such help, then you can even look for art students in you area and put out an ad to either collaborate or pay a small fee for there services if you like there samples they present to you before doing any work together.  For this point you will continue to work on the lines first demos, maybe like 10 different types of hats, 10 different types of shirts, 5-10 different types of varsity coats and even 5-10 different styles of rally towels.  Around this time now you should have received your paper work from the state.  Quickly following receiving the paper work, you will call IRS and acquire a EIN no, for your business.  This EIN no. is like your companies ssn, per say, its used to track your banking and to file taxes.  At this point you wouold want to head to your bank and open up a business bank account with no fees or if with fees the ones where you have to use your card 10-20 times a month, and then you just put money into the account to do your daily routines with so you can get that fee waived.  All this can be done in the same day.  The next day you will need to take some time to start giving your company a presense on the web so create a website for free or if you have the money, have someone build you one.  There are websites full of people that wyou can go on, and they will bid on building one for you for cheap.  www.freelancer.com, they also do logs and so on.  After this you can wait a day and get ready for a bit of hard work. Now you will need to register to a few sites on the web for presense reasons.  They'll be listed further on.  its may take a while to do this but its well needed and shouldnt be a step missed at no cost or no reason. After this you will need to start putting a budget together for what you will need as far as money to getting finished products done, for sale, and other foreseen financial needs.  Do remember this is a small company so you want to start off small and grow it.  so you come up with about $50,000 needed.  So this is your goal to accomplish as you build the company up.  This should take maybe about 5-6 months to complete.

Blogs and videos
itsmapps.com
itsmapps.blogspot.com
youtube.com/itsmapps
Blue Mitzi
The come-up Compilation
 http://itsmapps.blogspot.com/

          

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