Costing 4 Profit – A professionals guide to effective costing.
Understanding the many components involved in costing a garment correctly will be the key to your company’s success. There are many methods of calculating your wholesale selling price. Whichever method you choose, your final calculations must result in a profit. One small miscalculation or forgotten cost will be devastating to your profit margins, and ultimately undermine the survival of your business. Taking an order and not having the funds to produce is also a financial disaster that will effect your costs and undermine your brands survival.