Business First Family Business, Accounting, Finance, Investing, Marketing And Management
How many times have you seen people’s faces and entire mood change when they talk about work? You see it all the time. Why? Because more than half of Americans are stuck with jobs that they’re completely unhappy with. Can you imagine how much happier and more pleasant the world would be if people loved what they did for a living? It would be a much more peaceful place.
More than half of workers are unhappy with their current jobs. People are dissatisfied with their jobs simply because they’re not doing what they love. Because we spend a third or more of our days at work, not being happy there transcends into our lives outside of work. That’s reason enough to try and uncover what your passion is and profit from that.
People all over the world have passions of all types but do you know one particular passion that people have made a killing off of? Sewing. Sewing is a great passion to have that not too many people have the talent for. If you have a passion for sewing, listen up. You have the potential to achieve great financial success! Here are some tips to follow if you indeed are considering dropping your draining 9 to 5 and turning your passion for sewing into a profitable career.
Make Sure You Really Want To Do This
You’ve heard people say that when you do what you love, you never work a day in your life. Well, that statement has proven to be true for lots of people but it has also proven to take the fun out of what you once loved. Running a business is no easy task by far. It takes hard work and consistent dedication and persistence.
Maybe sewing was your release from the stressors of your 9 to 5 but now that sewing would be your daily grind, what will you resort to as a de-stressor from the stressors of sewing for a living? Those are some questions you’ll need to ask yourself when considering taking a passion of yours and monetizing from it. On the one hand, it would be awesome to make money from doing something you love but on the other hand, it would be really unfortunate to lose that passion from monetizing from it.
Research The Industry You’d Be Entering
This is definitely an important factor to consider. You need to determine whether or not there’s a need for the items you’ll be sewing. If there is a need for it, who are your competitors that are creating the same things you’re going to be creating and how can you make your products stand out from theirs?
Doing this can be a little discouraging because you’ll be thinking how on Earth can you stand up against your competitors, but don’t be discouraged. This is going to allow you to see what you’re up against and what you’re getting into. If you like challenges, you’ll have one cut out for you.
Draft A Business Plan
After determining you really want to sew for a living and having done all your research, you still want to move forward on this business venture, it’s time to draft up a business plan. You can think of your business plan as the blueprint for your business. It will entail how your business will work, grow, and be funded. Keep the main ecommerce business plan requirements in mind as you plan to sell your products online.
It needs to have all of this information based on a certain timeline of when you hope to have your business put in motion and achieving success. And because time is money, it will also be helpful to incorporate a business planner to help you manage time more efficiently.
Calculate Your Costs
This is something that you will need to definitely include in your business plan. Will you need a new sewing machine? Making clothes from scratch will require tags and clothing labels. How much will you pay for clothing labels? How much will you spend for fabric and sewing supplies? All of those things are factors to consider when it comes to upfront and continuous costs. The important thing to remember with your costs is to keep your business costs completely separate from you home expenses. That just saves a lot of confusion.
Protect Your Investment
With any business owner, it’s very important to protect what’s yours. Being that you sew, you have the artistic and creative abilities to make custom pieces that are solely unique to you. Unfortunately, the internet has made it so easy for people to steal your creations and designs. They can even sell them as their own that you have to protect your property.
You can look into things like patents, trademarks, and copyright. Learn what applying for a trademark entails to protect your business. Apply for a trademark, look into copyrighting and obtain a patent early on in your business venture. If you don’t and your designs get plagiarized or stolen, you can be in for a lengthy and expensive court battle that you never expected or even seen coming.
