Question
I m going to start Jeans Jeans. Hawaiian print denim jeans Identified (I created) 4 prints to start, plus an animated Pineapple appliqu on the
I m going to start Jeans Jeans.
Hawaiian print denim jeans Identified (I created) 4 prints to start, plus an animated Pineapple appliqu on the back pocket.
A. Jeans Concept
1. Need a plan to protect my intellectual property a. Do I trademark or copyright my patterns? i. How do I get it? ii. How long will it take? iii. Do I need legal representation? iv. What will it cost?
b. I discover I need a license from state of Hawaii for two of the patterns. i. How do I get it? ii. How long will it take? iii. Do I need legal representation? iv. What will it cost? 2. How do I test my product concept? a. What market research do I need to do to demonstrate to others (financial, partners, workers) that I have a chance to succeed? i. Need to develop a plan ii. How long will it take? iii. What will it cost? 3. Establish company DNA re social responsibility and ethical philosophy. 4. Identify market focus a. What age group am I focusing? b. What is my pricing focus? c. Is this to be a luxury item or am I going to focus on the Target/Wal-mart market?
5. Initial distribution model? a. Boutique? b. Department stores? c. Online? Etc.? 6. Perform breakeven Analysis 7.Identify business model & analyze SWOT analysis of a. Competition b. of me.
B. My Company
8.Form my business entity a. Who does it (me or lawyer)? c. What will it cost? d. Time to complete? e. Requirements? f. What structure is best for me? g. Lawyer cost too much; how do I find out what I need to know to do it myself? 1. Select geographic location 2. Determine physical needs. a. Proximity to business support needs. Airport, etc.? b. Space requirements c. Investment in build-out needed d. Budget developed e. Work contracted f. Timing to complete?
11. Select specific location. 12. Identify local, state & federal laws, regulations and agencies established to protect employees,employers, customers & others with special needs. 13. Identify and comply with laws affecting the apparel design, manufacturing, distribution & retail industries. a. What licenses do I need? b. Cost c. Time to acquire 14. Identify any legal impact on selection of location? No manufacturing or toxic chemicals allowed. 15. Negotiate lease Is legal review needed? Cost? 16. Identify business equipment needs a. buy vs lease
C. Lets Get Started
17. Create Gantt chart and milestone identification. 18. Create Start-up and first year budgets to achieve plan (review detail in depth!!!) 19. Create business plan review all the pieces!!! a. How am I going to make money? b. How am I going to make money for my financial partner? g. When will breakeven be achieved? h. Do I have enough money to reach breakeven? i. What is my plan to finance my startup expenses? 20. Identify funding targets 21. Seek professional review of plan & modify as necessary 22. What if plan? Nobody bites? OR I have the money, now what do I do? 23. What does my financial partner expect regarding ROI and timing?
D. My Product Development Plan
24. Identify raw material needs
25. Whats my sourcing strategy?
26. What is my sourcing chain?
a. Which country(s)?
b. Which factory(s)?
c. What are my selection criteria?
d. How do I make my selection?
27. Identify any import/export &/or quota issues?
28. Identify resolution &/or alternative solution(s).
29. Identify raw material potential sources
30. Evaluate pros/cons relating to each
31. Select vendor(s)
32. Identify alternates
Please answer the above questions by your own logic and research no copied answer, use your own words! (short answer) I will give you a thumb up! Thank you
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