Welcome back to our Masterclass episode where you get the chance to get up close with your host Elizabeth Formosa. In this Masterclass, Elizabeth talks about the typical startup traps to AVOID to ensure you increase your chance of success. Tune into this episode to gain access to a sound framework that will ensure you avoid those typical expensive startup mistakes and maximise your opportunities. TYPICAL STARTUP TRAPS TO AVOID 1. Lack of support systems 2. Limited industry specific knowledge 3. Not having a strong brand ethos and strategy 4. Not having a financial plan or budget 5. Developing products people just don't' want! 6. Not developing a sound sales and marketing plan 7. Lack of legal knowledge and sound legal advice 8. Trying to do all this ALONE! If you want to take your Fashion Business Development next level and join an Industry Mentor Led Community, we'd love you to join our 'Start Your Fashion Business' Programme. JOIN OUR PROGRAMME - ENROLMENTS ARE NOW OPEN UNTIL JUNE 30TH If you want to make the Fashion Business your Business head over to our website and check out our SYFB Programme and Community. You can watch the replay of our latest Info Session & Q&A here. You can find Fashion Equipped over at: Instagram: @fashionequipped @startyourfashionbusiness_au Podcast Insta: @fashionbusinessmindset Facebook: www.facebook.com/fashionequipped Website: www.fashionequipped.com.au Let's do this together, let's make The Fashion Business, YOUR Business!