A Sewing Business Plan Is Very Important
Once you have made up your mind that you are going to start a home based sewing business, you may be at a lost as to where to start first. It is best to start with writing a business plan. Write a business plan "Oh no!" A business plan is a very important first step that will save you time and money in the long run. It is not hard to write and it doesn't have to be a very complicated task. You may think oh, I can just figure out what I need to do in my mind and get started or you may see writing a business plan as a long and boring task.
Suggestions for how to write a business plan specific to a home based sewing business will be discussed in this article. It doesn't have to be very long and detailed when you first start writing one, believe me the details will work their way into the plan as time goes by.
When I first made up my mind that I was going to start a home based sewing business, I thought that I could get the business up and running in a couple of months. To my surprise it took about a year to finally kick it off after the plans were made and I still have some minor kinks to iron out. However, I have to remember that I'm running this business on a part time bases at this time since I already work full time as a nurse.
Benefits Of Writing A Business Plan
A well written business plan can possibly benefit your sewing business in many ways:
- A business plan is sort of like the blueprint for your business, the basic operating structure of your business. For example, if an architect has not developed a good blueprint for the building he has designed, the structure will not be sound and can possibly fall. This is the same concept of having a well developed business plan for your future business, it will make it a strong and credible business.
- If you're looking to finance your business in any way, chances are lending institutions or other companies that offer low interest loans for small businesses will not lend to you if you do not have a business plan.
- A well developed business plan will attribute to the success of your company since you would have carefully planned out what you want to accomplish with your business, what kind of sewing services you plan to offer and what kind of items you will make.
- Following a business plan will help you to be more organized and focused thus saving you many headaches down the road.
Set Goals For Your Sewing Business Plan
It's good to start writing out a business plan by setting goals. There should be several long term goals which are then subdivided into short term goals. Make sure that the goals are realistic because if they aren't you may become discouraged and tempted to give up. I'll give two examples of both long term and short term goals.
For the first example your long term goal may be:
To Have A Home Based Sewing Business- then set a deadline, for instance, in one year.
O,K. now since you know that you want to accomplish having your own home based sewing business in one year, which is your first long term goal - write subdivisions with both long term and short term goals that will help you to accomplish this.
Your next goal could be:
Deciding on where the business will be operated in your home - then set a deadline, for instance, by 1 month.
A short term goal under this could be:
Listing the places in your home where the business could be operated - then set a deadline, for instance, in 7 days.
After you have your list of options by 7 days, you have three more weeks to make your choice. If by three weeks you haven't made your choice of where the business will be operated in your home, just extend your deadline.
Here is the second example of both long term and short term goals:
Deciding on a name for the business (long term goal) - then set a deadline, for instance by 1 month.
A short term goal would be:
Writing a list of possible names for the business - then set a deadline, say, by two weeks,
After you have your list of possible business names by the two weeks, you then have two more weeks to make your final decisions. Then again if you need more time, just extend your deadline.
In my article "How To Start A Home Sewing Business" I list the basics of what should be done for the success of your business. You can use some of those basics as long term goals. You can find this article at the following link:
- How To Start A Home Sewing Business
Having a sewing business can be an exciting, fun and profitable adventure for the person who loves to sew. What a way to make a living by doing what you love right from your own home. Operating a business...
- The Importance of Writing a Business Plan for Your S...
Many start-up companies fail because they lack a map to guide them through their new business venture. Successful business owners are those who have written a clear and concise business plan that evaluates...
- How to write a business plan
Write Your Business Plan Easily This is the Hub that comprises the fiurst part of this seires of answers about preparing a Business Plan that will lead to the laons and business that you need. PLease enjoy. ...
- Write Your Business Plan Easily
The thought of writing a business plancan be overwhelming. However, it is simpler once you know that not all bbusiness plans are 5-inch-thick monstrosities with a decade's worth of financial back story and...
Write as many goals as you need to accomplish starting your business. And remember make sure that the goals are realistic and that you can always change your deadline if you need more time.
As the goals are attained, summarize the outcomes and continue to write goals with deadlines while your business is in operation. Following these simple steps can make your experience of starting a sewing business a very pleasant one. Before you know it you'll be working from your own home doing something that you love.
One very important piece of advice is to take your time and be very patient. You're probably excited about starting your own business and just can't wait. By careful planning, patience and paying attention to detail, you will reap success instead of failure. Remember patience is a virtue!
I hope all you all have great success!
Carrie L Cronkite (author) from Maine on April 15, 2016:
Thank you very much MartinPrincess for your comments and for your great advice! I'll check out the videos on youtube!
Carrie L Cronkite (author) from Maine on May 08, 2012:
Thank you viking305 for your comments, writing a business plan no matter how big or small always help things to go a lot smoother. It also helps to keep your anxiety level down as you slowly accomplish your goals. The best to you!
L M Reid from Ireland on May 08, 2012:
I agree with you that if you plan to start your own home based business then writing a business plan is essential. A wealth of useful information here.
Thanks for SHARING. Up and useful
Carrie L Cronkite (author) from Maine on January 18, 2012:
Thank you for your comment Cashmere! Having a business plan helps does help to keep you focused to that you can succeed. Thank you for your comment!.
cashmere from India on January 17, 2012:
It is very important to have a business plan, no matter what home business you begin. It gives you direction and goals. Something that can help you succeed. Thanks for following me.
Carrie L Cronkite (author) from Maine on March 19, 2011:
You are very well mary m. I wish you the best with your sewing business!
mary m on March 18, 2011:
very well put together. i have planned to start own sewing business and with this information , i can really began to get started.
Carrie L Cronkite (author) from Maine on November 07, 2010:
Thank you very much Christina, I wish you the best of luck!
CHRISTINA on November 03, 2010:
Was wondering how to start one but your good plan has given me direction..thanx a million
businessesforsale from Sydney, Australia on October 06, 2010:
Some really cool things to consider with my very own business plan. I'll be following your future hubs. Thanks again!
Carrie L Cronkite (author) from Maine on September 24, 2010:
You are very welcome Stoneage2010, thank you for your comment.
Stoneage2010 on September 24, 2010:
Very useful tips! Thank you. :)
Carrie L Cronkite (author) from Maine on June 20, 2010:
You are very welcome mquee! Thank you for your comment!
mquee from Columbia, SC on June 20, 2010:
Very good common sense advice. Thank you for a very useful article.
Carrie L Cronkite (author) from Maine on May 30, 2010:
Thank you very much for your comment Barry!
Barry Rutherford from Queensland Australia on May 30, 2010:
great information. Well done !