There are a lot of different costs involved in launching a brand. But in this episode, I break it down into four main segments: prototyping; stock; marketing and admin.
I also advise on what the typical amount is that new businesses spend in getting their brand off the ground, and smart ways that you can reduce those costs.
Discover:
- The new ‘Made in UK’ Award introduced by The Great British Entrepreneur Awards for 2021 in partnership with Make it British 01:14
- The costs you need to account for before you put your products into production 02:49
- An idea on costs you might be charged for sampling 04:27
- Why you shouldn’t invest all of your money in stock 06:37
- The one thing that every new brand forgets to save enough money for 09:05
- The boring but important stuff you may not have thought about 13:44
- How to stop your costs from spiralling out of control 13:59
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