z-Archive

decorated-apparel-survival-guide

Issue link: https://docs.hic.us/i/403552

Contents of this Issue

Navigation

Page 32 of 240

you identify exactly what you will need and what it costs, so that it can be accounted for in your Business Plan. Your supplies can be broken down as follows: Business Equipment (Administrative) Items such as business software, accounting software, computers, printers, scanners, fax machine, phones, file cabinets and office supplies fall into this category. Showroom Accessories and Samples Whether you have a real showroom or not, you will still need to invest in samples of the garments that you wish to sell. As well, you need to create a portfolio of your work so that customers can have a quick visual reference of your quality and creativity. NOTE: See Attachment C for instructions on creating a portfolio. Production Area Supplies (Embroidery) In addition to your embroidery equipment, you will need other things such as tables, a steamer, an iron, proper storage containers for hoops and threads, etc. Because these things have a cost, they must be accounted for in your Business Plan. Items such as thread, needles and backing can be bought as a kit when you purchase your machine. NOTE: See Attachment B for a detailed listing of equipment and supplies. Insurance It is essential that you have full and complete insurance coverage for your shop. Discuss your needs with a qualified Insurance Agent, and be sure to have the policy in effect before your equipment arrives. A few key points: If you are working out of the house, Homeowners Insurance will NOT cover business equipment. If you are in a flood zone, you will need a separate flood policy. If you are renting commercial space, the landlord's insurance will not protect you. www.hsi.us care@hsi.us 33

Articles in this issue

Links on this page

Archives of this issue

view archives of z-Archive - decorated-apparel-survival-guide