Passion fuels dreams and ambitions. If you do not have passion for a cause, it is highly unlikely that you will put your very best into it. As a fashion entrepreneur who is saddled with the responsibility of making people feel beautiful and solving various fashion-related problems, you need passion to drive you and push you on. Here are 8 ways to reignite your passion for your fashion business.
Building a fashion brand takes a lot. To build a successful business in fashion, you have to be prepared in body, mind, finances, support, and so on. The mindset you have is one of the most important factors to consider in building a brand, here are 6 ways to build this mindset you need to prepare you for a successful entrepreneurial journey.
While some of these business exit strategies work for all sizes of businesses, some work best for either small or large businesses. The Initial Public Offering (IPO) exit strategy is one that small businesses can try out, but it works best for large companies.
Running a fashion business is a beautiful thing, but at times the business has to either be brought to an end or see its founder take a leave from business operations. Previously, we have looked at Liquidation and Acquisition and Mergers as possible business exit strategies that might work for your fashion brand. This week, we take a look at Family Succession as a possible business exit strategy that might be great for your brand.
No one ever starts a fashion business with hopes of shutting down business operations after investing a significant amount of time, money, and effort into it. Sometimes, however, this is the only option left for fashion entrepreneurs during the course of running a fashion brand. Here is how to use liquidation as a business exit strategy to shut down the operations of your fashion business.