What Are the Challenges in Fashion Entrepreneurship?
Fashion entrepreneurship comes with its set of challenges:
- Competition: The fashion industry is highly competitive, with numerous established brands and emerging designers. - Trends: Keeping up with rapidly changing fashion trends can be daunting. - Supply Chain: Managing a global supply chain can be complex, especially for small businesses. - Funding: Securing adequate funding can be a significant hurdle for many fashion startups. - Sustainability: There is increasing pressure to adopt sustainable practices, which can be costly and complicated.