Topic 2. Submission Page 3. Content 4. Acknowledgement
Topic 2. Submission Page 3. Content 4. Acknowledgement
Topic 2. Submission Page 3. Content 4. Acknowledgement
topic
develop my own clothing brand
2. submission page
3. content
4. acknowledgement
Working on this project on develop my own clothing
brand was a source of immense knowledge to me. I would like
to express my sincere gratitude to our course teacher "Ashraful
Islam Titu" for his guidance and support throughout the course
of this project work.
Then I would like to thank my parents and friends who
have helped me with their valuable suggestions in various
phases of completion of the project work.
Last but not the least without help of Almighty Allah I
couldn't do this project perfectly.
5. executive summary
Min Minsha started it's journey 21 December, 2019. From the
beginning we tried to draw attention from our customers with
the help of our product collections. Min Minsha has a beautiful
brand image and we tried to focus on our presentation in
online market. Because nowadays people are depended more
on the online shopping.
In future we need more employees for our company. This is
also our plan to make opportunities for unemployed peoples.
Min Minsha's products are so reasonable for our customers
and we provide our customers customized dresses so that they
can style them with their own choices also. Because Min
Minsha thinks that every person has their own story and own
style.
6. introduction
Hello, Welcome to Min Minsha.
So glad you're here.
7. objectives
Establish a unique clothing retail business in the city of Hartford,
Connecticut
Create jobs
Provide quality clothing and customer service at a reasonable price
Achieve the largest market share in the city for urban wear
Be an active and vocal member of the community, and to provide
continual reinvestment through participation in community activities
and financial contributions
Achieve a profit within the first year
Continually and consistantly increase total number of customers per
year
Increase average length of customer relationships and decrease
customer turnover
8. company name
Min Minsha
"Min Min" is actually a Korean television series
character's name (nick name).
Aysha, founder of the brand loved the series (Strong woman do
bong soon) and fell in love with the cute little name Min Min
and that was the time she was thinking about creating a
clothing brand of her own.
9. company ownership
Min Minsha is not a partnership company so Aysha, the
sole proprietor claims all the profit and loss all by herself. She
alone take all the risk and handle the capital of the company.
In future, she wants to include shareholders by 10-15% of
the company share. In case if any of her family member shows
interest to invest she will make them 30% owner of the
company.
11. my mission
To nurture graduates to be creative, critical, innovative and ethical leaders.
To advance knowledge and pushing the boundaries in fashion, textiles and
design.
To support and collaborate with fashion, textiles and design industry to achieve
a sustainable progress.
To apply professional knowledge for the betterment of mankind.
13. my moto/slogan
-A style for every story-
14. brand registration process for local market
Step 1: Obtaining Director Identification Number (DIN) & Digital Signature
Obtaining Director Identification Number (DIN) for the proposed Directors in the Company
Obtaining Digital Signature for one of the Directors of Company.
After this, application for the name of Private Limited Company must be applied.
The promoters should propose one or more suitable name for the name of company as it offers the
flexibility and choice to Registrar to select the name in case some names are identical or similar to
registered business entities or trademark
The name should not be similar or identical to any registered company or trademark.
The name should not be one prohibited under the ‘Emblems and names Act, 1950’.
The name of the company must have suffix “Private Limited Company “.
After submission of name, the registrar will review and approve one of the names. It usually takes 3
to 5 working days to approve the name for the company and registration procedure.
Articles of Association;
Memorandum of Association;
Declaration from Directors;
Affidavits of the Directors.
Besides the aforementioned documents, the company must provide relevant information regarding
of its registered office within 15 days of registration or during filing of incorporation documents.
Each subscriber should sign the memorandum in presence of at least one witness and must clearly
state the following:
Address
Personal Description
Occupation
No of shares subscribed
Nature of shares etc.
Likewise both (Article and Memorandum of association) must be duly signed and stamped.
After filing the above-mentioned documents and payment of necessary fees, the certificate of
Company incorporation would be issued by the Registrar of Companies. Upon Incorporation, the
company becomes a legal person separate from its members.
Loyal customers
Hardworking employees
Unique brand
Original products
Low prices
Weaknesses
Low profits
Ineffective systems
High turnover rates
Costly processes
Lack of ingenuity
Opportunities
Lack of competition
Demand for your offerings
Market growth
Online presence or coverage
Sales tax holiday
Threats
6. Product differentiation
This is a common business strategy, especially for business-to-consumer (B2C)
businesses. They can differentiate their products by highlighting the fact that they have
superior technology, features, pricing or styling.
7. Pricing strategies
When it comes to pricing, businesses can either keep their prices low to attract more
customers or give their products aspirational value by pricing them beyond what most
ordinary customers could afford. If companies plan to keep their prices low, they will
need to sell a much higher volume of products, as the profit margins are usually very
low. For companies who choose to price their products beyond the reach of ordinary
customers, they are able to maintain the exclusivity of their product while retaining a
large profit margin per product.
8. Technological advantage
Obtaining a technological advantage, you can often achieve better sales, improved
productivity or even market domination. This can mean investing in research and
development, acquiring a smaller company to gain access to their technology or even
acquiring employees with unique skills that will give the company a technological
advantage.
10. Sustainability
You could launch an entire business strategy aimed at increasing the sustainability of
your business. For example, the objective could be to reduce energy costs or decrease
the company's footprint by implementing a recycling program.
Shopify is one of the biggest and most popular ecommerce platforms amongst
businesses of all sizes. It is one of the best ecommerce website builders for
small businesses.
2. BigCommerce
3. Selz
4. Wix Ecommerce
Squarespace is an awesome option for small businesses that are looking for a
sophisticated yet simple website builder. This website builder offers many
store themes that businesses can use to build their website.
6. WooCommerce
If you have a blog for your business, you may use WordPress to host your
blog. WordPress can also double-up as an ecommerce website for your small
business. With the plugin WooCommerce, you make it easy to create a website
that is functional for an ecommerce business.
11. Personalize