Chapter 9: Budget, Time, and Money
A budget is a communication tool that makes it possible to translate creative ideas into numbers. Numbers are the language of business. Investors and lenders are more apt to take any idea seriously if it is viable when evaluated in financial terms and if it can be built into a strategic timeline. Budgets allow the fashion designer to estimate costs and predict profits. To make the most of a budget, a designer must be an educated consumer and will want to get multiple quotes on services and products to compare the value and impact that these transactions will have. Simple math will calculate the pluses and minuses when expenses are compared with revenue. Many services and software programs are available to help ...
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