This month we're focusing 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 right off the bat. So, you many 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 sustainable income.
We're taking an in-depth look at all your options, from bootstrapping to crowd funding and everything in between. As usual, we've got a fantastic line up of guest experts and interviews prepared for you. First up is the inspiring Indre Butkeviciute, managing director of wealth planning and investment company, Lily Advisory, to talk us through the basics of funding and financial management. Then we have the wise words of Enterprise Manager for NatWest Business, Nick Howe, exploring all the different forms of funding and investment out there. To talk us through how to be ethical with money we have Lisa Stanley from Good with Money. Finally, Raimonda Jankunaite, co-founder of UK rewards based crowdfunding platform Crowd-Velocity talks through everything 'crowdfunding'. Plus we've interviewed the incredible entrepreneur, Martha Silcott, inventor of Fab Little Bag all about her design journey and how she secured funding for her mega venture. And to top it off we're lucky enough to have a live Q&A all about crowdfunding with Raimonda as well.
Introduction to Fundingwith Indre Butkevicute
Indre is the founder and managing director of Lily Advisory, a boutique wealth planning and investment guidance company who specialise in providing the tools for women to lead a financially sound and business savvy lifestyle. She talks us through what finances you need consider in a business plan, the different types of data you need to be on top of and how to use this information in a smart way to make vital business decisions.
Different Sources of Fundingwith Nick Howe
Nick Howe is a NatWest Enterprise Manager and works with agencies, charities, councils and Universities across London to provide support and advice on getting started in business. He's also an expert in ways of growing a business and adapting to the changing environments. In this video, he 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
Lisa is one of the co-founders of the site Good with Money. Their aim is to change the way people choose financial deals, so that price, while important, is not the only consideration. They shine a light on good practice (and weed out the bad). 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
Raimonda Jankunaite is co-founder of rewards based crowdfunding platform Crowd-Velocity, an online platform and community to launch great ideas. Raimonda also mentors entrepreneurs during their crowdfunding campaign, as she has huge experience in funding and crowdfunding in particular. She's all about offering advice, skills and solutions to funding problem.