Custom Apparel Startups

Inspired by the Harvard Business Review. It's important to understand your stages of growth and when you are transitioning to a new stage. If you don't take specific actions while in each stage, you will get stuck (or worse regress). Stage 1: Existence This stage is all about the big question.. Can you get customers and deliver a product? Do I have the ability to get started financially? And do you have the money to sustain your business before break even During this stage of your business, you are heavily involved in every aspect. You may even be the entire business yourself. The main goal of this stage is making sure the business can exist and making it to stage 2! Stage 2: Survival This stage is all about financial survival. You know you CAN be a business. You know you CAN get customers. You know you CAN deliver the product. But... can you do it profitably? Can you generate enough cash-flow to break even? Including repair, maintenance, and replacement of equipment and supplies? Can you generate enough i