How to start a clothing line

A business for the creatively inclined, learn what it takes to become a fashion entrepreneur here

Useful links:

Clothing line rules and regulations

As with many retail businesses, clothing is not a particularly heavily regulated space; you don’t need any kind of license or certificate to start selling clothing, and as long as you have the equipment and means to sell you can get started right away.

However, the relatively unregulated nature of the business means that many first-time entrepreneurs fall into the trap of not taking the business side of their clothing line seriously. Even if you are just running it as a sideline, you need to stay on top of your books and accounts and treat it as a bona fide business. “I didn’t take my own business seriously at the beginning,” admits Chloe Nicolls. “I didn’t have a separate business bank account, which was a mistake, and I only got an accountant a little while ago – setting aside time to work on that side of the business is so, so important.”

In particular, make sure all you are on top of your tax obligations – you will need to register as a sole trader with HMRC (unless you decide to start a limited company or partnership). Keep hold of all expenses receipts to avoid a nasty surprise come self-assessment deadline day, and the up-front expense of hiring an accountant will almost certainly pay off in the long run. “I should have got an accountant much sooner,” Chloe Nicolls says. “It makes that side of the business so much easier and frees up a load of time.”

Comments

You must log in or Sign up to post a comment.