|Before you begin planning your new home sewing business you really need to take an objective view of yourself and your abilities and establish how good you are compared to your competitors and what skills you may need to acquire, this is also a good time to consider your market, your pricing structure and the amount of hours per day you can dedicate.
A) Who else is your local area, how do they compare to you and what are they charging? Can you find a niche which is not being met?
B) What business permits do you need in your area, do you have any restrictions you need to think about.
C) Is your home in a neighbourhood which is easily accessible for your clients or would they prefer to go to Susan down the road because parking is a nightmare, what about your neighbours, would anyone complain of a disturbance?
Should you need any financial backing then a business plan will be required by any lender, however, it is also a good tool for you personally and one which will help guide you through each stage. Below is a guide on how you could set up and categorize your business plan in 4 easy stages.
1) List the services you are going to offer
2) List start up costs
2a) Sewing machines and manuals
2b) Thread, needles, bobbins, pins and pin cushions, sharp scissors, steam iron and ironing board, seam ripper, chalk, measuring tape, ruler, yardstick, organizer boxes
2d) Computer equipment
2e) Computer software
2f) Website: Domain, Hosting, Development, Maintenance
3) As this is a labour intensive business staff are a consideration, hourly rates would be appropriate
4) Place of business, if you have to rent commercial space, what are the costs?
5) Customer attraction, marketing and lead generation cost
6) Owner responsibilities
When pricing for your equipment you will need a heavy duty, high quality machine so it can withstand repeated use. You may also need a spare should the worst happen and yours breaks down, your equipment is key to this business so be prepared.
You may also note that you can purchase industrial grade machinery for cut prices if you contact large factories, on many occasions you may find they are more than happy to sell you their equipment for less value than you can buy online or on the high street