The first and foremost step is to create an original business plan. A clothing business is in fact huge as there are many combinations in terms of clothes, colors, labels, price and desirability. You need to be sure which sector of clothing interests you. A boutique essentially means a store that specializes in a particular style of clothing. So these are the factors you must consider while drawing up the plan.
The vision talks about long term goals of the business while the mission answers the question ?why do we do this business?'
2. The executive summary:
This gives the exhaustive details of the business. It answers all the general questions of why, what, how and when of the start up
3. The financial outlay:
This is the part where you have to work out the initial capital, working capital, start-up cost, maintenance costs and costs that are generally expected. The financial outlay will be continuously altered as you get the ground reality of your project.
4. Marketing plan:
This section discusses in detail about your customers. Who are we catering to? What are their needs? How does my shop fill their needs?
5. Operation details:
What is the operation plan of your business? Who is going to manage it? How to manage it?
Who are the interested party in the business and how will this impact you? What are your commitments?
7. Growth plans:
You should decide about your tentative growth plan. This is not a fixed column because your plans are based on guess work. In five years my turn over will be this much. Yet your guess should be calculated and reasonable instead of random. You also have to chart out your SWOT analysis (Strength, weakness, opportunities and threats) and act on them.
8. Competitor Analysis:
It is very important to evaluate competitors in the same line of the business as they will directly eat into your profits. Try to study them carefully and come up with unique ideas that might lessen the competition.