Hope Fasoranti

Hope Fasoranti This is where fashion business owners learn how to organise their finances for business growth&profit

How have you been fixing prices for your products and services.Learn 3 ways to price your products and services and whic...
28/05/2024

How have you been fixing prices for your products and services.

Learn 3 ways to price your products and services and which way is best.

I just added this to our podcast series

*Topic: Pricing in 3 ways.*

This podcast is only 5 mins long. You can listen to it while working.
You will find it here👇👇👇
https://t.me/+mTe0ZgPGvGM4ZTE8

Join, plug in your earpiece and listen.

Hope Fasoranti

13/04/2024

When people cannot afford your products and they understand the value you offer, they are likely to refer you to those who can.

13/04/2024

Why PROFIT equals GROWTH not Greed.

Most business owners believe Focusing on money makes them feel greedy.

In fact one client who was underpricing my service told me that everything is not about the money, I should focus on the outcome ( the perfectly made dress)😒

I agree that when a business owner focus is on making money at all and any cost it has consequences. It usually ends up not being in the best interest of the environment, customer and even the business itself.

Bu this is not what we are talking about today.

We are talking about why you started that business.

Your intentions was to make money

Embrace that , Remember that.

Having a healthy focus on profit is not about reducing your values and making a deal with the devil. It's about building long life for your business.

I want your business to thrive, and for that to happen so you have to think about money .

Let's talk about how focusing on profit helps your business.

1. Profit indicates your business is running well.

Sales is the main way to check if your business model is working or if you deliver true value and if people are willing to buy from you.

But, At the end of the day if you don't have money in your pocket to live your life with your business, for one reason or another, it means your business simply isn't working.

2. Profit enables your business to grow.
If your business earns money, it can invest that profit into future growth,e.g, you can purchase a course or training that will help you get more clients/ buy more tools /hire that extra hand,so you have more time to focus on marketing.

In other words, you need profit to grow.

So you need profit to pay yourself and grow your business

If you need help pricing your products and services, I have a tool that can help you. Type Yes in the comment section.

12/04/2024

Every Fashion business is unique. So your prices cannot be the same. However you need to develop a standard for your pricing in order to be profitable.

To set this standard, you need to know the following
1. Your expenses
2. Your volume/capacity
3.Your target audience.

Once you are clear on this you will gain confidence in pricing.

DID YOU HEAR ABOUT THE PREGNANT LADY WHO WAKES UP EARLY TO COOK FOR HER HUSBAND?I am one of the believers of breakfast i...
08/01/2024

DID YOU HEAR ABOUT THE PREGNANT LADY WHO WAKES UP EARLY TO COOK FOR HER HUSBAND?

I am one of the believers of breakfast is the most important food for the day.

Before marriage, while living with my parents, breakfast is usually ready before 7am.

So we have to be up by 5:30

If I don't eat before 8, that hunger will trigger migraine.

I remember when I worked as a class teacher in a nursery school, any time I looked moody in the morning during assembly, the head teacher will say Go and eat your breakfast.

So, Its was natural for me to cook breakfast.

Before I married my husband, he did not care about breakfast. He could go the whole day till evening before he would eat.

After our wedding, my husband would always complain about why I needed to wake up early to cook. He said I was over stressing myself. My reply was I was doing it for both of us. I want him to be healthy for both of us so we can enjoy our marriage. He would just laugh.

So now my husband eats breakfast. He is now used to it.
He also appreciates it. He is proud of me.

I remember when he told me that one of his colleague wanted to get married so he can bring flask to the office like him.

Waking up early to cook for one's husband is a choice.

Nobody should criticize anyone for that!

Just my thoughts!!

Thank you ❤️


GRAB A PEN AND JOURNALIts 2024!It's time to reflect on the past year.Let's do some exerciseFill in the gapLooking back ...
06/01/2024

GRAB A PEN AND JOURNAL

Its 2024!
It's time to reflect on the past year.
Let's do some exercise

Fill in the gap
Looking back over the past year, reflecting on what I've done (or not done) when it comes to how I have "set, get and managed" pricing in my business I see ______
And this makes me feel _______
3 things I'd like to do differently this year are _______

Once you've done the writing, go back and read what you wrote. Highlight what's important, surprising, or what you want to remember throughout this year. Pay particular attention to things that are holding you back - most likely those are mindset-related challenges.

The quality of our mindset is invaluable, and it's something that fluctuates. We have to pay more careful attention to the quality of our mind - as it will impact what you do, what you don't do, and how you go about doing it.

If you uncover some mindset-related challenges you need to overcome, that's great because the first step is awareness, and now you've created that.

Want to share? Hit reply and share with me what you learned. Tomorrow I'll be back with some inspiring message on the topic of mindset and pricing.

Soft Skills I learnt while working for a software company.Cold callingCold messagingCustomer careReportingExcelWriting a...
15/09/2023

Soft Skills I learnt while working for a software company.

Cold calling
Cold messaging
Customer care
Reporting
Excel
Writing a sales content
Hosting a demo.


How to edit your pictures Download PHOTOLAB on you phoneOpen it Select Choose any picturesSelect and upload your pictur...
13/09/2023

How to edit your pictures

Download PHOTOLAB on you phone
Open it
Select
Choose any pictures
Select and upload your picture.
And you will have a new look

Still your kids Fashion Designer



THE WORLD OF AINow I know POEIt acts as an assistant for your business.It has all the different types of chat got in it....
08/09/2023

THE WORLD OF AI

Now I know POE
It acts as an assistant for your business.
It has all the different types of chat got in it.

Auto responder for WhatsApp. it will help you respond to your customers while you are sleeping

Photo lab for editing your pictures. This picture looks like one does by a photogragher. But it's AI

They are all free tools

Will you try them

05/09/2023

Let's talk about *CATEGORISATION*

What do I mean?

As a fashion business owner, you probably make sales from different channels e.g ready to wear, bespoke, bridals.
These are your *SALES CATEGORIES*

What about expenses?
Let's say you spend money on Fuel, machine maintenance,repairing the fan, electricity, Materials, and you paid a joiner to make your clothes.

5 liters of fuel will fall under category of *FUEL*

Machine maintenance, repairing of fan will be categorised as *REPAIRS AND MAINTENANCE.*

Electricity bill will fall under the category of *ELECTRICITY*

Materials and money paid to joiner will fall under the category of *COST OF PRODUCTION.*

Hope, it's clear now

Let's Now talk about the benefit of Categorising

*FINANCIAL KNOWLEDGE*: When you categorize,you gain knowledge of your business finances. This knowledge empowers you to make informed decisions, spot trends, and identify areas to invest in your business and *REDUCE EXPENSES* do you can be *PROFITABLE* .

*EASY RECORDKEEPING*: Categorizing transactions on the spot reduces the chances of forgetting or misclassifying expenses. It ensures that no expense goes untracked, contributing to comprehensive recordkeeping.

*EASY REPORTING :Well-categorized transactions helps you to produce detailed reports for taxes, audits. You can easily access loans and grants.

In conclusion, Categorising sales and expenses empowers you to maintain organized records, make informed decisions .
This helps you manage your money and provides your business with the knowledge you need to thrive in the fashion business.

P.S .Do you know any Fashion business owner who is who needs help with keeping business records?

Tell them to reach me on +2349117006246.

I have 5 *FREE* slots to help them achieve perfect business Record In 3 months and know their profit

This is for you if you are into production.This is how to cost your raw materials.
14/07/2023

This is for you if you are into production.

This is how to cost your raw materials.

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54, Ifoshi Road
Ejigbo
102264

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