When you open your doors for business as a fashion designer many new business start ups believe its a full blown creative process – searching the exhibitions for new fabric swatches, attending trend meetings, creating mood boards and range plans…and of course it is.! However that's only part of the total business process. Some say that only 20% of the business time equates to the true design creative process; the bulk time is taken up with selling, marketing, human resources, production and all those other time consuming  jobs that create the total business package.

 
How can designers do all of these tasks and make a successful business? Let us introduce you to our Knowledge Bank section which saves you vaualbe time and effort..

 
Here at FashionCapital we have extensively resourced the industry at both the micro and macro level. If you want to find out the latest legislation regarding minimum wage its there; the latest VAT rules and need quick updates the information is all there waiting for you!

In the last 24 hours the Knowledge Bank has been updated 6 times alone and here is a sneaky preview of some of the sub sections.

1)         What is the Creative Industry Economy worth today?
The Creative Economy generates £112.5bn in revenues and accounts for 9.2% of the GDP. More facts and figures are available in the Knowledge Bank!
 

2)         Design V Marketing
So you want to be a fashion designer? You've got the talent for designing and pattern cutting perhaps you've even gained yourself a fashion qualification such as a diploma a or degree? What are you waiting for surely this is all it takes to have your very own successful label right? Wrong, very wrong…It takes so much more than having design skills to be a successful fashion designer; you need to brush up on your communication and business skills. Keep constant notes on the ever changing and evolving fashion industry and become familiar with the market, start major networking and building up a long list of contacts, consider also doing fashion placements the experience gained can be very valuable. Remember Fashion is extremely competitive and can be harsh too so expect a few knock backs before you get your ideal opportunity, patience is important!

Landfills is the obvious answer but what happens when they become full with throwaway fashion! It's time to think again about the ethical issues – landfills are piling up high and a shocking amount of that waste is garment textiles. Good news; this is beginning to change, garment textiles are now passed on to fashion designers who focus on sustainable fashion design, and also old garments are being donated to charity shops, more so than ever before.

6) Grants of £3,000 or £10,000 – don't miss out!
Fnd out if you can apply for  £3,000 or £10,000 for your company – you need to have a minimum of 4 people employed. Get the full the low down on this new initiative.