In this Masterclass, we focus on the all-important question: how are you going to fund your design venture?
The road to success can be expensive in the fashion and design world. There are high upfront costs to create each product, and it takes time for your initial investment to yield profit. Not everyone has the funds to start a brand. So you may have to find other sources to fund your venture before your brand is fully functioning and profitable. Fortunately, there are many funding options for new business owners to explore until you make a sustainable income.
We're taking an in-depth look at all the options, from bootstrapping to crowdfunding and everything in between. We've got a fantastic line up of guest experts and interviews prepared for you.
In this Masterclass you will learn:
- The financial metrics you need to consider in your business plan, and what they mean
- How to use financial data to your advantage
- Common funding options, including debt, equity and venture capital
- What the 'triple bottom line' is
- Ethical funding options
- How to figure out if your idea is fit for crowdfunding, and how to prepare it
- Tips for researching and launching your crowdfunding campaign, including the different types
- The different avenues ethical businesses have taken, and their advice for your journey
- How to get to grips with cash flow, with short and long term actions to sort it out
Introduction to Fundingwith Indre Butkevicute
Indre talks us through what finances you need to consider in a business plan, the different types of data to be on top of and how to use this information in a smart way to make essential business decisions.
Different Sources of Fundingwith Nick Howe
In this video, Nick Howe talks through the funding options available and what they mean, things to consider before you look for funding and where to apply for it.
Ethical Business Fundingwith Lisa Stanley
In this video, Lisa discusses some of the ethical factors to consider when looking at money and using your principles as added value!
Crowdfundingwith Raimonda Jankunaite
In this video, Raimonda speaks on everything crowdfunding. We talk through the different types and detail exactly what to have in place to run a successful crowdfunding campaign.