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    Learn How To Win In The Overcrowded And Highly Competitive Fashion Industry

    Failure is just around the corner if you don’t know how the fashion and clothing industry works.

    Did you know that according to the latest data, up to 90% of startups fail. Across almost all industries, the average failure rate for year one is 10% However, in years two through five, a staggering 70% of new businesses will fail. 

     

    Sources: Failory, Business News Daily, Investopedia, CB Insights, Review 42

    Why Do Most Clothing Startups Fail?
    In most cases, a clothing business fails due to multiple reasons. However, a common reason why clothing startups fail is that the founders don’t have the necessary qualifications or experience. Ideally, clothing entrepreneurs should be industry experts with sufficient business experience.
    5 Reasons Why Fashion Startups Fail

    • Targeting a too broad consumer group
    • Insufficient industry knowledge
    • A limited understanding of the target group
    • Poor marketing
    • No business skills

     

    (Fact-checked by Investopedia 2022

    Book Your Free Masterclass

    This Masterclass will teach you what it takes and what you need to do to set up a successful Fashion Brand or Clothing Line. And you will learn how to avoid financial risks.

     

    After the Free Masterclass, you can make an informed decision if the potential benefits outweigh the financial risks.

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