Bridge and Stitch

Creative Industries Master Class

Rachael Hobbs – Director

[email protected]

www.bridgeandstitch.com

24th April 2013


How you work / your business model

CLIENT • Start Up

• One-off

• Small

business

• Exclusive

DESIGN • Development

• Spec Sheets

• Artwork

PATTERN

CUTTING

AND

GRADING

SOURCING • Factories

• Fabrics

• Components

• Trims

FACTORIES • CMT

• Knitwear

• Jersey

• Outerwear

PRODUCTION

• Sampling

• Fittings

• Alterations

• Production

FINISHING

S • Embroidery

• Print

• Labels

• Swing

Tickets


Examples of work


What to do before setting up your business

What steps you should take before setting up your business: • Market Research – primary and secondary • Competitor Analysis • Consumer Reaction • Marketing Plan (Product, Place, Price, Promotion, Distribution) • Logistics (Legalities, Operation, Premises, Licences, Insurance) • Finance (Cashflow, profit and loss, blance sheets, sensitivity analysis, funding, survival budget) • Create a business plan • Funding / Investors


Entrepreneurial Traits

Level Headed

Hard working and driven Constantly moving and adjusting to new surroundings

Strong Willed

Confident Born Leader

Self Belief Ambitious but realistic

Calculated Risk Taker Thrive off of responsibility

Determined

Common Sense Adaptable


Challenges and how to over come them

How I have over come them: • The Hive • Mentor • Professionalism • Strong Willed • Don’t let yourself be walked over – stick to your gut instincts • Determination • Learning curve

Challenges: • Setting up the business • Understanding finance • Giving advise to your elders • Factories making mistakes and demanding clients • Running the business on a day to day basis • Learning as you work


Pro’s and Con’s

Con’s: • If you are ill, nothing will get done • Lonely • Balancing all aspects of work e.g. finance, admin, marketing etc on top of your day to day tasks • No-one to tell you off if you don’t work or start late • You can never get away from the business entirely

Pro’s: • Time off and working hours to suit you • Work for yourself so no-one to answer to • Sense of pride and achievement • Experience • Can pick and choose who you want to work with


Ambitions for your business and yourself

Ambitions / Goals (Business):

Have an Intern

Employ a team of designers, pattern cutters and researchers

Have my own factory and manufacturing unit

Ambitions / Goals (Personal):

Get on the property ladder

Be able to support a family

Sell the business in my late 40’s and be semi-retired

2012 2013 2015 2017 2018 2027 2032

1 year 3 years 5 years 6 years 15 years 20 years

SHORT MEDIUM LONG


Thought for the day

You will get as much out of the business as what you put in to it, just remember – in order to survive you need to be

willing to adapt to the demand.

Creative Industries Master Class

Rachael Hobbs – Director

[email protected]

07710-983-700


24th April 2013

THANK YOU!

Bridge and Stitch

Documents

Transcript of Bridge and Stitch