Designing Women Stitch Up A Multi-Million Dollar Business In Ft. Wayne, IN
The two new neighbors Barbara and Patricia shared an interest in fashion design. They developed some prototypes for soft, quilted duffel bags and purses. The items were the hit of an in-home clothing show, and demand grew. Barbara and Patricia found themselves searching for experienced seamstresses, deals on wholesale fabric, and - perhaps most important - sound business advice. SCORE counselor George Cook, who applied his extensive background in corporate finance to help Barbara and Patricia develop a business plan, and establish bookkeeping and an inventory procedure. George insisted on a balance sheet, profit and loss statement, and inventory report every month, no matter how tiny the list of figures.