Creating a business questions?

[Taylour]

design?
Fashion Design

1) why would you choose that type of business?

2) what would be a good location choice and why?

3) how much would you charge?

4) how would you advertise it?

5) how will your profits be shared?

6) how will taxes be paid/ divided (personal or separate taxes)

7) how are you going to find it? Loans? Silent partner? A venture capitalist? Going public?

8) what is the collateral going to be? What will you risk?

9) will you need workers?

10) are you going to manage it? What is the daily operation going to be like?

11) what legal paperwork/ permissions or documents are needed to get started?

12) does it require any certifications or licensing?

13) what are advantages/ disadvantages of the type of business you created?

[Chloe]

1) The only reason to choose Fashion Design is because you love it. Don't ever go into it expecting to be famous and make loads of money. It's work work work. Definitely one of the hardest fields to go into.
2) It depends. You could be successful anywhere depending on how you operate. Big cities are good because there's so many people and opportunities.
3) I don't know what you mean by this question. Like, per item? It depends on how much it cost to produce it.
4) Social media, direct messages, etc.
5) It depends on who else is working with you?
6) ?? Uh separate unless I don't understand what you're asking.
7) Find what? Money to pay taxes? If you're not making any money, you're doing a crappy job.
8) Now we're taking mob or something?! You're supposed to save money like a smart person, not start off with none!
9) Well... duh.
10) Until I can hire someone to do it. That's a broad question.
11) A lot.
12) No but you should have a degree...
13) advantages: you're living your dream. disadvantages: you're working 24/7, have no time for life outside of work, spending 10x originally expected to keep business going...

you're welcome. omg that was longer than I thought

[robert m]

They are relevant questions but you need to develop a business plan to structure them.