Workshop 3 : More Details

 

 

Title: How Much Are You Really Making?

 

Topics:

 

1. Introduction to Profit/Loss –How many garments do you have to sell before you start making money? How do you know if your prices are going to cover all your costs? Why wait until the end of the year to find out from your accountant just how successful you were this season? A simple Profit/Loss account is the starting point to answering these questions and helping you manage your business well.
2. Recording your sales and purchases – Simple, practical, ways to record your income and expenditure that don’t take up a lot of time but do keep you in control.
3. How to treat stock – How to value fabrics, trimmings and finished garments.
4. VAT – Do you need to be VAT registered? Would it pay to be VAT registered?
5. Cash Flow – How would your business be affected if one of your customers was late paying you?  Are you sure you will be able to pay for your garments when they are ready? This section will introduce a simple cash flow tool to help you plan ahead.

 

Venue: The Fashion Studio, Knowledge Dock, University of East London, Docklands Campus, University Way, London, E16 2RD. (Nearest station: DLR, Cyprus)

 

Price: Fashion Capital members = £60 per delegate per workshop;

Non-members = £75 per delegate per workshop.

 

How to Book or further info: Please email Nigel Rust at Fashion Enter: nigel@fashion-enter.com

 

For details of the other Workshops in this series – click here