Fashion – Mode Of Expression

Fashion is a term that usually applies to a prevailing mode of expression, but quite often applies to a personal mode of expression that may or may not apply to all. Fashion is in the sky, in the street, fashion has to do with ideas, the way we live, what is happening. Fashions are social phenomena common to many fields of human activity and thinking. Fashion design is the applied art dedicated to the design of clothing and lifestyle accessories created within the cultural and social influences of a specific time.

Dress

The rises and falls of fashions have been especially documented and examined in the following fields: Architecture, interior design, and landscape design Arts and crafts Body type, clothing or costume, cosmetics, grooming, hair style, and personal adornment Dance and music Forms of address, slang, and other forms of speech Economics and spending choices, as studied in behavioral finance Entertainment, games, hobbies, sports, and other pastimes Etiquette Management, management styles and ways of organizing Politics and media, especially the topics of conversation encouraged by the media Philosophy and spirituality (One might argue that religion is prone to fashions, although official religions tend to change so slowly that the term cultural shift is perhaps more appropriate than “fashion”)Social networks and the diffusion of representations and practices Sociology and the meaning of clothing for identity-building Technology, such as the choice of programming techniques. The more general term “costume” has been relegated by many to only mean fancy dress or masquerade wear, while the term “fashion” means clothing generally, and the study of it. “Fashion is not something that exists in dresses only.

Wear

The more general term “costume” has been relegated by many to only mean fancy dress or masquerade wear, while the term “fashion” means clothing generally, and the study of it. A modern version of exotic clothing includes club wear. At this time in fashion history the division between haute couture and ready-to-wear was not sharply defined. Nonetheless, many ready-to-wear, and even mass market labels, claim to produce haute couture, when in fact, according to established standards, they do not. Ready-to-wear collections are usually presented by fashion houses each season during a period known as Fashion Week. Ready-to-wear One-of-a-kind fashion, This is where an item of clothing or fashion is specifically made for a person or persons or a one off piece of fashion to be sold in a shop or on the internet, a website that sells one of a kind fashion items can be found at [1], this is an online store specializing in one of a kind designer clothing and fashion.

Fashion design differs from costume design due to its core product having a built in obsolescence usually of one to two seasons. Fashion design is generally considered to have started in the 19th century with Charles Frederick Worth who was the first person to sew their label into the garments that they created. Fashion won’t work its magic if you’re not, writes Janice BreenBurns. Fashion per se equals faddism, and promoting more consumption

Accounts Receivable Financing – Options for Growing Companies

Every business has one thing in common and that is the need for cash. Even charitable organizations need a steady and constant flow of donations in order to keep the lights burning. Cash flow is simply the grease that lubricates the machine and allows it to function properly, but when the machine runs dry it can slow down or grind to halt causing pain and misery for those working in it.

Shangri La for any business (and their bankers) is when cash flow becomes so predictable that the business seems to run itself and profits are at a level that supports the owner’s lifestyle well beyond his actual needs.

What about the company that is on a growth trajectory and is pouring every cent back into the company to support its growth and pursuit of new business? The orders are coming in at a faster and faster pace which should be a good thing and new customer relationships are being formed which should lead to a solid stream of new orders in the future. So what’s the problem you ask? The problem is when you get an order you have to purchase materials and pay people to fill the order. For example, it may take 14 days or longer from the time the order comes in until the product is shipped, and you have not yet received any payment from the customer. Once the product ships and the invoice is created, your customer has 30 days to make payment and in all this time you have not received a penny, yet you had to meet payroll 3 times, purchase materials, and pay for the other items necessary to run your business. So even though the growth seems great, you are feeling the cash flow crunch of keeping up with orders as they accelerate in number and perhaps even size.

Your banker hears your story and he gives you a line of credit that seems small but you’ll take it because you need every penny right now and you don’t want to upset a customer by turning them away or shipping late due to a cash flow issue. This line of credit gives you some temporary relief which you needed but you already see the trouble ahead if the growth continues. That’s right, you max out the credit line to get caught up and fill orders but can barely meet the minimum payments required by the bank.

But how can this be since the company is growing so much and revenues keep increasing? Well it all goes back to the fact that it takes you at least 45 days to get paid from the time the order comes in, and that is if all your customers are paying on time. With some quick analysis you may discover that your “turn” is something approaching 60 days or even beyond. Ask any of your employees if they would wait 60 days for a paycheck! (Actually, I take that back, do not ask since they may think something is wrong with the company and walk out.) For a mature company with a slow growth rate the waiting period is not a problem since they will simply access their line of credit and pay it down as their invoices are paid without the worry of unexpected or unpredictable orders. In addition they will also be taking advantage of quick pay discounts from their suppliers. Missing supplier discounts can be no small deal since I personally know of a distributor who takes the savings from quick pay discounts as his annual bonus since he sees it as a reflection of his good management. This amounts to a few hundred thousand dollars per year for this owner. Not to shabby for saving 2% from his suppliers on products that were already planned for purchase. For a growing company, missing the opportunity to save 2% from supplier can be very painful, as the need for cash increases with each new order yet you are still waiting for payment from previous orders and the line of credit at the bank is maxed out.

The bank really does not like this scenario because they view it as a management problem and therefore a risk issue. You have taken short term money (bank line of credit) and turned it into long term financing by maxing out your line with no real hope of paying it back or down anytime soon even if the bank has a clean-up provision, which would require you to pay the line off annually. The bad news is simply this: Banks don’t like you. Banks think you are too risky because with strong growth you might blow-up at any second. It’s as if bankers had a choice they would never board an airplane until it had leveled off at 30,000 feet and would parachute out before the initial decent thus avoiding the risks associated with fast acceleration at take-off and the possibility of a hard or crash landing. Of course this is hyperbole when I say they don’t like you when the reality is they simply just prefer to lend to mature companies. They understand your situation and know most companies have to go through growth cycles to reach maturity, they just don’t want to participate in the risk. Your banker is your friend he is just a friend that does not like you right now but you should continue to pursue a strong relationship with your banker since it can be so much more meaningful than just a service provider who makes loans.

So now what? You have orders piling up, a maxed out credit line, a banker who wants his money back and won’t lend more, discounts you are unable to take advantage of from suppliers, another payroll is due and the bank account is looking a little thin. Do not despair because you have the most important asset in the business world, and that of course is your customers and their orders that result in invoices. You are now a candidate for cash flow financing. In fact, you were a candidate before it got this serious, but this scenario helps illustrate the point. You have a growing asset on your balance sheet and that is your accounts receivable, but you cannot feed your family on invoices, only cash will solve that problem. So we need to liquidate your accounts receivable and move it to the cash column and one of the easiest ways to this is by selling them.

In today’s financial marketplace you have several choices when it comes to cash-flow financing. I have already touched on the most traditional form and that is a bank line of credit secured by your account receivables or in some cases it may be an unsecured line with only your signature to back it up. Next you have bank sponsored accounts receivable financing which will vary somewhat from bank to bank with most banks not offering this type of financing except through a third party partner. This could be a viable option for the business I have discussed here and it would look something like this:

Transaction sizes are typically: $10,000 – $5,000,000

Advances: up to 90% of eligible accounts receivable

Services (will vary): customer credit reviews both new and existing

Invoice processing and mailing

Collection Services

Management Reports provided to you

Fees: Typically 1-3% of the invoice depending on size and your average turn.

Operationally you generate one or more invoices and send them to the bank daily in batches and they fund your account at 90% of the total invoice amount within 24hours. Bam! Instead of waiting 30 or more days for your customer to make payment you receive 90% of your money immediately. You have just accelerated your cash flow to within 24 hours and can now use that money to make payroll, take advantage of supplier discounts, purchase inventory, and INCREASE SALES without fear of customer credit issues or late payments. Essentially what you have done is outsource your accounts receivable management process all while getting paid in 24 hours.

What happens to the other 10%? This money is usually held in reserve against any unpaid invoices. For example, if you have an outstanding invoice of $1000 that your customer fails to pay within 90-120 days, the bank will use the reserve to receive payment and then try to collect on the account. So the reserve protects both you and the bank by allowing the bank to get paid back and preventing you from having to write a check to the bank because one of your customers failed to pay their invoice.

There is a product called Business Manager that works in a similar fashion and is available in a few hundred community banks around the country. Business Manager is a program that allows community banks to purchase the accounts receivable of their commercial and industrial clients while monitoring the performance of those accounts. It is a powerful program for both banks and business with the funding percentage, fees and reserves typically about the same as in the previous example. For the sake of full disclosure, I used to work for the company that created the Business Manager program. I still think it is a great program, especially for small businesses because it allows you to maintain a bank relationship prior to reaching that mature cycle and graduating on to more traditional financing solutions all while receiving funding in 24hours and online access to your reports.

Next we have traditional factoring. This is where you sell your invoices to a funding source (the factor) at a discount in return for immediate cash. Advances are typically in the 70% to 95% range of eligible invoices and fees will vary. Often there is no reserve account, instead the factor receives payment directly from your customer and pays you the 5% to 30% remaining minus the fees for the factor. Some factors place a stamp right on the invoice to show the change of address of where payments are to be made and others are able to do it silently by having an overall change of address and payment sent to a lock box. Most businesses prefer the factor to remain silent if possible, so you will want to check with the individual company. In addition, factors can provide funding to companies in the start-up stage to $100,000,000 in sales or more. This is because they are not concerned about your credit, but that of your customers. They will also want invoices that are verifiable and to know that you and your team are solid managers and experienced in your industry. In fact your company may be in a turn-around situation or bankruptcy and a factor may still provide funding because they are looking at your customer, not you.

Besides providing funding, a factoring company can also become your outsourced credit department. They will check customer credit quality; set customer credit limits; and provide daily monitoring of credit accounts. In many, if not most cases, today you will have real time access to reports such as accounts receivable aging, collection, and reserve reports. This gives you the ability to monitor your invoices and the average turn which should be decreasing at this point. The factor will also provide collection services and these will vary from company to company with some allowing for customization of the collections process.

The common thread between the different programs available is the conversion of your account receivables to cash by a funding source, whether it’s a bank or private entity. Check the exact terms and fees and be sure to be aware of what your responsibilities will be to the funding source. Cash flow financing may provide the needed solution for growing companies or companies that need a cash injection to make it through a turn-around.

Your Finance and Lifestyle – They Are Connected!

When it concerns lifestyle, numerous arguments fire up. A lot of people possess their own idea of what lifestyle actually represents. Only it is unmistakable that finance and life-style need to co-exist in roughly some shape.

So for you to afford a certain lifestyle, you are required to be in a correct fiscal standing. Whenever your life-style comprises of buying the most red-hot fashion, and so it’s clear that you have got to have or had better hold a certain sum of money. If you do not have sufficient income or resources to sustain this life-style, it will necessitate you stopping expending money.

If you experience a vision of what your perfect life-style ought to be, then it is time you made sure your finances meet that reality. Zero amount of daydreaming will make things come true. There has to exist some sort of practicality as well, since income can disappear and debt can climb.

Do not take for granted that a certain lifestyle is possible for you merely because the magazines say you it is so. The first thing to do is to have a look at your finances and Figure out if they will be equal to and be capable of supporting the lifestyle described through the magazine or by your friends.

The common fault that most individuals make is that they believe they have got more money than they actually possess. So they spend more on their perfect lifestyle just because it represents a status symbol.

The philosophy is this: if they recognize that I am wearing something by so and so or driving such and such a motorcar, then they will not find out that my monetary resource are in the red. Finance is the primary thing you need to consider as you choose a certain life-style.

You will merely look foolish if your financial position drops so badly that your house gets repossessed and you have to file for bankruptcy. Live inside your means and your finance and lifestyle will be able to take care of themselves.

Finance, Lifestyle And Benefits Of A Finance Calculator

Life style is now a debatable topic for everyone. When lifestyle comes to our mind we get straight. It is true that lifestyle and finance are co-related to each other. You can’t maintain a good lifestyle if you have poor income resources. So it is clear that finance and lifestyle need to co-exist in some form. Lifestyle deals with buying the latest fashionable accessories and gadgets or any home appliances. So money is the key word for you so that you will deserve to such kind of lifestyle. If you don’t have enough money to maintain lifestyle, then you need not to spend the money.

The ideal lifestyle should be in form of financial stability. Make sure your financial status is good then go for maintaining lifestyle. It will be foolish to dreaming lifestyle if you have not capacity maintain it. So that it will make you bankrupt. Don’t go through the artificial magazine flash, they will make debarred from your society. As there is a proverb “cut according to your cloth” is really true. Give focused to your financial strength. Make sure that which life style will suit with you then you will go for investment.

Every body wants to maintain lifestyle as they saw their neighbor’s lifestyle. It is the mistake that the common people think that they sufficient money. But the concept is absolutely wrong. As to show their status symbol they are spending money with out any hesitation. The Gandhian principle is actually to follow by every one. Finance is the first thing you need to consider when you go for a certain lifestyle.

Benefits Of A Finance Calculator: You will often found pundits or gurus are using a finance calculator while they determine your mortgage or home loan payments of your personal finance. Many people do not understand of finance calculator and their functions. As the software technology develops, many people are unknown to these products. But there is sufficient information on internet that you can get more details. This is not because they are too complex to understand, but because people simply do not see their relevance. Even the salesman tries to persuade about the finance calculator with all sorts of hype, still you unaware to try the demo. If it is something new and foreign, we need to treat it carefully.

A finance calculator is a small computer device that can perform variety of specific finance calculations. The main purpose of a finance calculator is that you can use it for long term calculations of your budget or your home loan or car loan or any classroom calculation. This financial calculator is designed with some finical variable to analyze the complex financial equations. It is much better than a simple calculator. You can calculate and analyze your own personal budget. Finance calculator is only for you to account your daily financial analysis.

Top 10 Fashion E-Commerce Firms in India

1. Amazon

Amazon, based in the United States and one of the largest online retailers in the world, offers, other than various other categories such as books, electronics, home décor, bags and luggage, jewellery, etc., clothing and accessories to its customers. Products within this category have been segmented according to gender, such as men’s and women’s clothing and shoes; according to brands, such as Arrow, Chemistry, Manyavar, or United Colours of Benetton; according to type, such as tshirts and tops, ethnic wear, pants and trousers, or lingerie and innerwear; or even according to stores, such as of that belonging to a specific designer, and so on. The site offers a 30 day return on its all its products within this category with ‘no questions asked’.

2. Flipkart

Founded in 2007 by Sachin and Binny Bansal, Flipkart is an online megastore based in Bangalore, Karnataka. Other than the basic categories such as electronics, home and furniture, books and media, etc., the portal offers two separate categories namely ‘men’, ‘women’, and ‘baby and kids’, which comprise all kinds of fashion products such as footwear, clothing, watches, accessories, bags and wallets, sunglasses, fragrances, and options in grooming and wellness merchandise. Flipkart also hosts a blog of the name ‘Flipkart Fashion Files’ where various authors contribute articles on global fashion news, trends, daily tips, and so on.

3. Snapdeal

Based in New Delhi and founded in 2010, Snapdeal is an online retailer that offers products in various categories ranging from Mobiles and tablets, electronics, to daily needs, sports and outdoors, or even real estate and financing. Within the fashion category, their merchandise is segmented into men’s, women’s, and kid’s fashion, which are further divided according to type of clothing or type of fashion product. Snapdeal offers a variety of options within each fashion segment for both men and women, such as Ethnic wear, which consists of sarees& more, anarkalis, dress material, stitched and semi stitched salwarkurtas, salwars and churidars, and so on.

4. PayTM

Launched in 2010, Paytm is one of the newest online platforms to be competing with global giants such as Amazon and eBay, and it has already been touted as a potential e-commerce giant, inviting large investments from major financiers. The firm began with providing services such as mobile recharging, bill payment, travel bookings, and later expanded to offer products within various categories such as home and kitchen, gifts and sweets, sutomative, electronics, and so on. In the fashion category, the firm offers men’s, women’s and kid’s products, and comprises different segments like types of clothing like ethnic wear, types of accessories like watches or footwear, or types of products such as eyewear or luggage, etc.

5. eBay

eBay is an e-commerce giant based in the United States, which facilitates sales between both ‘consumers and businesses’, and ‘two businesses’. Founded in 1995 and one of the very few online retailers to survive the ‘dot-com’ bubble of the late 90’s and early 21st century, eBay offers great deals in all kinds of categories such as mobiles and accessories, laptops and tablets, cameras, etc. Within the fashion segment, it provides products in women’s and men’s clothing, shoes, jewellery, baby and mom’s, t-shirts, and bags and luggage.

6. Jabong

Based in Gurgaon and founded in 2012, Jabong is an e-commerce platform that essentially offers fashion products in a range of categories like apparel, fashion accessories, beauty products, fragrances, home décor, etc. Since it is fundamentally a fashion portal, it offers a great variety of options for women, men, kids, in accessories, brands, sports, and so on, while additionally providing a separate section for sales, trending outfits, and even a fashion blog called ‘The Juice’. It provides its customers with options that range from local brands and designers like RohitBal to high street fashion brands such as Dorothy Perkins, Wendell Rodricks, etc. Jabong has partnered with different agencies to facilitate its position as a leading fashion portal, such as the NBA in 2014 to launch the first online NBA store in India, or the Lakme Fashion week for the coming 4 seasons, and even launched an online fashion week in the year 2014, that featured celebrity mentors like YamiGautam.

7. Myntra

Based in Bangalore, Karnataka, Myntra was founded in 2007 with an initial concept of providing personalized gift items that later shifted to offering branded fashion products. Officially merging with Flipkart in 2014 to compete with other e-commerce giants, Myntra moved to an app only business model to offer its customers a more focussed and service-centric experience. On the app itself, it offers all kinds of fashion options for men, women, and kids, and features a home page that announces sales, arrival of new items, or any such information.

8. Fashion and You

Founded in 2010, Fashion and You is an e-retailer that deals primarily with premium fashion brands and lifestyle products, and offers exclusive, mega discounts on most of its products. It claims to be associated with more than 1500 Indian brands and in excess of 200 brands, globally, and aims to be the topmost style destination for all fashion enthusiasts. It offers high street fashion and lifestyle brands across clothing, accessories, cosmetics, jewellery, fragrances, footwear, and so on.

9. Yebhi

Launched in 2009, Yebhi is an Indian, online shopping and services portal for lifestyle and fashion products. It offers categories like shoes, apparel, mobiles and tablets, eye wear, furnishing, etc.

10. Koovs

Headquartered in Gurgaon and founded in 2010, Koovs is an online fashion retailer that offers menswear, womenswear, jewellery, cosmetics, and so on. It provides its customers with a separate section that deals exclusively with new discounts, trending lifestyles, and also features collaborations between fashion giants and designers.