when starting a clothing line Is it best to have a partner or go solo
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when starting a clothing line Is it best to have a partner or go solo
when starting a clothing line Is it best to have a partner or go solo
I'm starting a clothing line mainly t shirts and hoodies. I just wanted to know do you think its easier to have a partner because right now im trying to do this all on my own
Re: when starting a clothing line Is it best to have a partner or go solo
You definitely shouldn't try and do all the work yourself - some of it you will need to hire other people to do. It's easy to spread yourself too thin. A partner is also useful to pool resources, knowledge, and capital. Despite all of that... I'd be weary of starting a partnership. They can so easily turn sour, and chances are if you were to partner it would be with a friend. That could become an ex-friend in future, and often does.
Re: when starting a clothing line Is it best to have a partner or go solo
A partnership is gonna be like a marriage. If at least one of you isn't willing to sacrifice and give of yourself whatever it takes, then it won't work(most of the time).
Re: when starting a clothing line Is it best to have a partner or go solo
When I started my line, Transformation Tees, I had plenty of people who wanted to become partners. I decided I would own 100% of the LLC and used these people on a consulting basis. That has worked out really well for me. Of course, you also own 100% of the liabilities and risk. I like the idea of being in total control and not officially answering to partners.
Re: when starting a clothing line Is it best to have a partner or go solo
Partnerships are tough, and my guess is that most of them end badly. Plus, giving up equity doesn't seem like a big issue now, but it will be when you become successful. That is when the fights start about who is working harder, who has the better ideas, who is taking more money from the business.
Re: when starting a clothing line Is it best to have a partner or go solo
Agree with all the above. But, partnerships happen, and seems to me, the best chance at a partnership is to write up a clear contract, labeling responsibilities, etc. Also have an exit plan ready should that day come. Don't leave it until feelings may be hurt and emotions running high.
If you do partner up, consider the things/problems you need to prepare for so you can avoid them. Put *everything* in writing. Good luck to you and ....
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Last edited by Girlzndollz; October 3rd, 2008 at 05:15 AM.
Re: when starting a clothing line Is it best to have a partner or go solo
THANKS!!!
That was sooooo helpful bcus I feel as tho I'm ready to give it my all and i would hate to work with someone who's lackin...the only thing is if i do work on my own then i will have to finance everything on my own too
Re: when starting a clothing line Is it best to have a partner or go solo
Quote:
Originally Posted by yaggin
THANKS!!!
That was sooooo helpful bcus I feel as tho I'm ready to give it my all and i would hate to work with someone who's lackin...the only thing is if i do work on my own then i will have to finance everything on my own too
You will also be the one reaping the rewards. And don't think the cash is the only reward. I always feel good when I do something good (even if I don't make money all the time) and even better when everyone else involved feels they got something good out of the deal. Now you know why I'm a miserable failure at being a used car dealer.
Re: when starting a clothing line Is it best to have a partner or go solo
I know this is an old post but just thought i would throw this in here. Go solo, I had a business partner and he had just as much say in how the company was ran...it sucked we where locked into a battle of which way to take it. Once I got rid of hime i went solo...but as a corporation not sole prop. Best thing I ever did.
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Thomas Beer- Fractured Clothing & Design -It's a fractured world, dress accordingly. Fractured Apparel
Re: when starting a clothing line Is it best to have a partner or go solo
To have a partner is to loose total control of your business. Even if the partner has only a 10 percent interest in the company, they will try to control 100 percent of your decisions. You might as well go to work for someone else. Needless to say, I do not believe in partnerships, only employees.
Re: when starting a clothing line Is it best to have a partner or go solo
I Went solo and at this time i'm doing ok it does make the process allot slower due to the fact that i'm the only one pumping money into my vision,but the payoff is well worth it.
If you have a vision for a company it should never take a backseat to a partner this how how most brands loose there footing and become a 20 t-shirt hit wonder, and close shop.
I'm currently securing my trademark status and going live in june after 2 years.
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when starting a clothing line Is it best to have a partner or go solo 
