Sew Distinct is a sole proprietorship, owned by Sally Stitch. I sell original, high-quality custom quilts to discerning customers who give them as gifts or keep them as heirloom artworks. Sew Distinct also contracts with two local hand-quilters with roughly 20 years of experience, to do the quilting work on non-machine quilted pieces. Sew Distinct quilts are manufactured in the owner’s home, and sold directly to my customers in northwest MyState, as well as over my website. I have several years of experience as a quilter, and have an exceptional gift for transforming the vaguest ideas and descriptions into beautiful and meaningful quilt designs which both giver and recipient appreciate.
Sew Distinct works to provide custom, individually designed, warm and snuggly quilt art to customers who value originality but don’t have the time or skills to create such pieces on their own. By working with my customers in the design phase, I give them the satisfaction of having input into their gift or artwork, without the intense investment of their own time and labor that would be necessary to produce such a quilt. The result is a personalized, usable, beautiful quilt which will be appreciated for generations to come.
2.1 Start-up Summary
To begin my business, I will need a stock of materials, and time to begin the first commissions for the business, which are currently being negotiated with two interested buyers, who have offered to advertise my business through word of mouth with friends and family members. I plan to begin my official advertising campaign by placing brochures in likely locations around Sweetville and Nicetown, MyState and by creating my business website (see sample pages from website, attached).
Initial inventory consists of threads and a basic fabric library:
- between 1/4 and 1 yard each of 300 different cotton fabrics, covering hues and shades in all color groups
- 3-4 yards each of 25 different cotton backing and background fabrics
These fabrics will give me the necessary initial range to execute a wide variety of designs which rely on subtle color grading and variation for their effectiveness. The fabric library will be supplemented month by month, as designs are finalized and as particular fabrics need replacing, or new, more popular ones, become available.
- a fabric board, at least 8’x8′, in order to lay out patterns vertically for display to clients and during the design process
- initial marketing materials (brochures and website)
- extra insurance to cover the value of the inventory and the sewing machines, as well as work in progress
I would also like to have a decent initial fund of cash in my business account, about $1,600, to cover unforeseen expenses such as repair of the sewing machine, or promising new advertising possibilities (like a local quilt convention) which could affect the cost of business independent of initial sales revenue.
The number in Other current assets is for a second sewing machine.
|Start-up Expenses to Fund||$950|
|Start-up Assets to Fund||$3,600|
|Total Funding Required||$4,550|
|Non-cash Assets from Start-up||$2,000|
|Cash Requirements from Start-up||$1,600|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$1,600|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$2,500|
|Loss at Start-up (Start-up Expenses)||($950)|
|Total Capital and Liabilities||$3,600|
|Supplies: Rotary heads, pins, extra machine needles||$200|
|Total Start-up Expenses||$950|
|Other Current Assets||$1,000|
2.2 Company Ownership
Sew Distinct is a sole proprietorship, owned by Sally Stitch.
2.3 Company Locations and Facilities
The company is located in the home of Sally Stitch. Some quilting work is done off-premises, in the home of the contracted hand-quilters. All locations are maintained smoke-free, since fabric items can easily absorb odors.