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Jen Rubio, co-founder of direct-to-consumer luggage brand Away, which launched in 2015 and has secured over million in funding, has sought investment herself and is now an angel investor.
There are several resources available to get you started with your business and business plan.
Bo F’s Start-Up School comprises of essential tools and accessible and insightful guidance on topics including fundraising, product-market fit and planning your exit; along with templates and frameworks based industry best-practice. LONDON, United Kingdom — As an essential tool for any company, be it a start-up or an established institution, a business plan details what your company is, where you want it to go and how it can get there.
Potential investors are one key audience for your business plan, but it can also act as a communication tool to help you align your teams — to provide not only clarity but milestones against which your business can measure its progress.“Running a business is an all-consuming commitment [and] more than 90 percent of fashion start-ups will fail in the first 3 to 5 years,” says Imran Amed, founder and chief executive of the Business of Fashion, who first shared these principles as a lecturer in Fashion Business at Central Saint Martins.
“Your ability to succeed rests not only on your creativity; it rests on your ability to do all these other things. Persevere and try again until you figure it out.”However, a business plan is not written in stone.
Here, Bo F breaks down these structural elements to create an impactful business plan.
The Executive Summary This section provides an overview of the business plan.
It made it very operational, which is something you sometimes struggle with [when] building a brand.
We were very disciplined around these criteria,” said Nicolaj Reffstrup, who founded Danish label Ganni with his wife and the brand’s creative director Ditte in 2009.
It's also important to describe how your business will be organized in terms of structure and leadership.
Let your reader know who does what in your company and what qualifications they have by providing relevant resumes.