3:I[5613,[],""]
5:I[1778,[],""]
4:["slug","sportswear-athletic-apparel-manufacturing-financial-model-example","d"]
0:["IwAH_GtSA65mk6rQQxYAE",[[["",{"children":["industries",{"children":["manufacturing",{"children":[["slug","sportswear-athletic-apparel-manufacturing-financial-model-example","d"],{"children":["__PAGE__?{\"slug\":\"sportswear-athletic-apparel-manufacturing-financial-model-example\"}",{}]}]}]}]},"$undefined","$undefined",true],["",{"children":["industries",{"children":["manufacturing",{"children":[["slug","sportswear-athletic-apparel-manufacturing-financial-model-example","d"],{"children":["__PAGE__",{},["$L1","$L2",null]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","manufacturing","children","$4","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/dd3786e789bd89d0.css","precedence":"next","crossOrigin":""}]]}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children","manufacturing","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","industries","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},[null,["$","html",null,{"lang":"en","children":[["$","head",null,{"children":[["$","meta",null,{"name":"robots","content":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"}],["$","link",null,{"rel":"icon","href":"/images/website-icon.svg"}]]}],["$","body",null,{"itemScope":true,"itemType":"https://schema.org/SoftwareApplication","className":"b1","children":[["$","meta",null,{"itemProp":"applicationCategory","content":"Business Planning Service"}],["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":[["$","title",null,{"children":"404: This page could not be found."}],["$","div",null,{"style":{"fontFamily":"system-ui,\"Segoe UI\",Roboto,Helvetica,Arial,sans-serif,\"Apple Color Emoji\",\"Segoe UI Emoji\"","height":"100vh","textAlign":"center","display":"flex","flexDirection":"column","alignItems":"center","justifyContent":"center"},"children":["$","div",null,{"children":[["$","style",null,{"dangerouslySetInnerHTML":{"__html":"body{color:#000;background:#fff;margin:0}.next-error-h1{border-right:1px solid rgba(0,0,0,.3)}@media (prefers-color-scheme:dark){body{color:#fff;background:#000}.next-error-h1{border-right:1px solid rgba(255,255,255,.3)}}"}}],["$","h1",null,{"className":"next-error-h1","style":{"display":"inline-block","margin":"0 20px 0 0","padding":"0 23px 0 0","fontSize":24,"fontWeight":500,"verticalAlign":"top","lineHeight":"49px"},"children":"404"}],["$","div",null,{"style":{"display":"inline-block"},"children":["$","h2",null,{"style":{"fontSize":14,"fontWeight":400,"lineHeight":"49px","margin":0},"children":"This page could not be found."}]}]]}]}]],"notFoundStyles":[],"styles":null}]]}]]}],null]],[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/5ad7baf19918e3f0.css","precedence":"next","crossOrigin":""}]],"$L6"]]]]
7:I[4699,["6081","static/chunks/6081-34deb2fa2ebb58a3.js?v1730970273352","3842","static/chunks/3842-90ad98b73050a768.js?v1730970273352","5405","static/chunks/5405-c4c21a9636648885.js?v1730970273352","6147","static/chunks/app/industries/manufacturing/%5Bslug%5D/page-6263da965de031ca.js?v1730970273352"],""]
8:T31cb,{"id":"cG9zdDo1MTA5","title":"Sportswear and Athletic Apparel Manufacturing Financial Model Example","content":"<p>Our Sportswear and Athletic Apparel Manufacturing Financial Model Structure covers all the essential aspects you need to consider when starting or scaling a Sportswear and Athletic Apparel Manufacturing business. By following this structure, you can better understand your revenue streams, costs, and assets, helping you optimize profitability and strategically plan for growth.</p>\n<p>Developing a financial strategy for a Sportswear and Athletic Apparel Manufacturing enterprise is vital for both startups and established firms seeking to expand.</p>\n<h2>Sportswear and Athletic Apparel Manufacturing financial model</h2>\n<p>A thorough <strong>Sportswear and Athletic Apparel Manufacturing financial model</strong> offers insights into revenue generation avenues, cost structures, human resource requirements and essential assets needed. It can help you identify potential new revenue streams and outline a growth roadmap (however, it is important to remain adaptable). Understanding the complete financial landscape of your business is key.</p>\n<p>The structure of this financial model delineates typical revenues, direct costs, employee needs, expenses and assets to consider when either initiating or scaling your Sportswear and Athletic Apparel Manufacturing venture. It may inspire you with ideas for new and lucrative revenue streams, although careful analysis is necessary.</p>\n<h2>Revenues</h2>\n<p>The typical revenue streams include:</p>\n<ul>\n<li><strong>Wholesale Orders:</strong> Revenue generated from selling products in bulk to retailers is calculated by multiplying unit price with quantity sold.</li>\n<li><strong>Direct-to-Consumer (DTC):</strong> Sales occur via online platforms; revenue derives from the price customers pay multiplied by units sold.</li>\n<li><strong>Private Label Production:</strong> Involves manufacturing products for other brands, calculated according to contract value secured.</li>\n<li><strong>Custom Team Apparel:</strong> Entails selling customized kits to sports teams; this calculation is based on unit price and quantity per order.</li>\n<li><strong>Licensing Fees:</strong> Earned by granting third-party usage rights, however, revenue is typically a percentage of sales.</li>\n<li><strong>Franchise Sales:</strong> Generate revenue from selling business franchises, based on franchise fees and any agreed percentage of sales.</li>\n<li><strong>Partnership Collaborations:</strong> Yield revenue from joint ventures, although this typically reflects a shared percentage of profits.</li>\n</ul>\n<h2>Cost of goods sold</h2>\n<p>The corresponding COGS includes:</p>\n<ul>\n<li>Raw materials (fabric and other supplies) are calculated based on consumption.</li>\n<li><strong>Labor Costs:</strong> Wages for production staff, calculated per hour or shift.</li>\n<li><strong>Factory Overheads:</strong> Include utility costs, maintenance of machinery, etc.</li>\n<li><strong>Shipping and Handling:</strong> Costs associated with delivering finished goods; however, packaging materials incur costs for wrapping and boxing products. This is crucial because every expense influences the overall budget. Although some costs are fixed, others can fluctuate significantly, which complicates financial planning.</li>\n</ul>\n<h2>Employees</h2>\n<p>A diverse team is needed, including:</p>\n<ul>\n<li><strong>Production Manager:</strong> Oversees manufacturing processes and ensures quality control; however, Designers create innovative sportswear designs.</li>\n<li>The <strong>Sales Team</strong> is responsible for securing wholesale and franchise deals (which can be challenging).</li>\n<li><strong>Marketing Manager:</strong> Handles promotions, branding and partnerships, although Logistics Coordinator manages supply chain and distribution networks.</li>\n</ul>\n<h2>Operating expenses</h2>\n<p>Key operating expenses include:</p>\n<ul>\n<li>Rent: For factory and office spaces.</li>\n<li>Utilities (energy, water and other essentials) serve as the backbone for everyday operations. Salaries and wages (compensation for employees) are crucial, however, they can strain budgets.</li>\n<li>Marketing expenses: These costs for advertising campaigns are necessary but often overlooked.</li>\n<li><strong>Research and Development:</strong> Vital for investing in innovation and product improvement because it drives future growth.</li>\n<li>Insurance (policies for business protection) mitigates risk, although it may seem like an added expense.</li>\n<li><strong>Depreciation:</strong> Wear and tear on assets.</li>\n<li>Office supplies: Everyday essentials for office.</li>\n<li>IT services involve costs associated with technological support; however, professional fees are payments to consultants and legal advisors.</li>\n</ul>\n<h2>Assets</h2>\n<p>Essential assets include:</p>\n<ul>\n<li><strong>Manufacturing Equipment:</strong> Machines essential for producing apparel; however, this process requires a well-coordinated warehouse facility, which serves as storage for raw materials and finished goods.</li>\n<li>Technology infrastructure (comprising both software and hardware) plays a crucial role in managing operations, but it must be complemented by delivery vehicles that facilitate distribution logistics.</li>\n<li>Office equipment—such as computers, furniture and additional tools—further supports the overall functionality of the workspace.</li>\n</ul>\n<h2>Funding options</h2>\n<p>Typical funding options include:</p>\n<ul>\n<li>Bank Loans (traditional loans for capital needs) serve as a primary source of funding; however, Private Investors (equity funding from angel investors or venture capitalists) present an alternative.</li>\n<li>Government Grants, available for specific projects or industries, can be beneficial because they do not require repayment.</li>\n<li>Crowdfunding (raising small amounts of money from a large number of people, typically via online platforms) has gained popularity in recent years, but Business Partnerships (funding through strategic alliances) can also offer substantial support.</li>\n</ul>\n<p>A truly professional <strong>Sportswear and Athletic Apparel Manufacturing financial model</strong> is grounded in the operating KPIs (aka &#8220;drivers&#8221;) relevant to the business. This model, although complex, is essential for understanding the financial health of the enterprise.</p>\n<h2>Examples of<a href=\"https://www.slideshare.net/slideshow/apparel-manufacturing-key-performance-indicators-kpi/83143603\"> operating KPIs</a> include:</h2>\n<ul>\n<li>Production efficiency is a measure of unit output per machine hour; this indicates how effectively resources are utilized.</li>\n<li>Inventory turnover, however, refers to the frequency at which inventory is sold and replaced over a specific period.</li>\n<li>Gross margin percentage serves as a profitability indicator, reflecting revenue after accounting for COGS.</li>\n<li>Customer acquisition cost (CAC) represents the average expenditure incurred to acquire a new customer, which can be quite significant.</li>\n<li>Return on advertising spend (ROAS) is the revenue generated for every dollar spent on marketing and it plays a crucial role in assessing advertising effectiveness.</li>\n<li>Order fulfillment cycle time denotes the average duration needed to fulfill a customer order; this metric is vital for customer satisfaction.</li>\n<li>Capacity utilization rate measures the extent to which production capacity is being used and it influences overall operational efficiency.</li>\n<li>Employee productivity is another key factor, indicating the output produced per employee; increased productivity can lead to better financial outcomes.</li>\n<li>Quality control pass rate, although often overlooked, is the proportion of products meeting quality standards on the first check.</li>\n<li>Finally, supplier lead time is the time taken by suppliers to deliver inventory after the placement of an order, which can impact the entire supply chain.</li>\n</ul>\n<h2>Driver-based financial model for Sportswear and Athletic Apparel Manufacturing</h2>\n<p>Driver-based financial planning represents a methodology for pinpointing the critical activities (commonly referred to as &#8216;drivers&#8217;) that exert the most significant influence on your business outcomes. Subsequently, it entails constructing your financial plans around these activities. This approach enables you to forge connections between financial results and the necessary resources such as personnel, marketing budgets, equipment, etc. If you wish to delve deeper into driver-based financial planning and understand its efficacy, however, consider viewing the founder of Modeliks elucidate this concept in the video below.</p>\n<p><iframe loading=\"lazy\" title=\"Unleashing the Secrets: Dominating Driver-Based Financial Planning\" width=\"640\" height=\"360\" src=\"https://www.youtube.com/embed/TRMzfKz9OOw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen></iframe></p>\n<h2>The financial plan output</h2>\n<p>The objective of financial forecast outputs is to enable you (and your management, board, or investors) to quickly grasp how your Sportswear and Athletic Apparel Manufacturing venture might perform in the future. This understanding is crucial, however, it also provides comfort that the plan is well-considered, realistic and achievable. You must understand what investment is required to implement this plan, along with the anticipated return on that investment. To accomplish these aims, a one-page template is available for effectively presenting your financial plan.</p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https://wp.modeliks.com/wp-content/uploads/2024/09/WhatsApp-Image-2024-09-27-at-09.52.52.jpeg\" alt=\"Sportswear and Athletic Apparel Manufacturing financial plan\" width=\"800\" height=\"520\" /></p>\n<p>In addition to this one-page summary of your plan, you will need three projected financial statements:</p>\n<ul>\n<li><strong>Profit and Loss:</strong> Tracks revenue and expenses to ascertain profit over time.</li>\n<li><strong>Balance Sheet:</strong> Offers a snapshot of assets, liabilities and equity at a particular moment.</li>\n<li><strong>Cash Flow Statement:</strong> Delineates cash inflows and outflows, thus tracking liquidity and financial health.</li>\n</ul>\n<h2>Sportswear and Athletic Apparel Manufacturing financial model summary</h2>\n<p>A professional <strong>Sportswear and Athletic Apparel Manufacturing financial model</strong> will help you think through your business: identify the resources you need to achieve your targets. Set goals, measure performance, raise funding, and make confident decisions to manage and grow your business. However, this process can be complex. Although many don’t realize it, the clarity gained from such a model is invaluable. Because it allows for strategic planning, you may find that your approach becomes more focused. This clarity, however, is essential for long-term success in a competitive landscape.</p>\n<p>If you need help with your financial plan, try <a href=\"https://modeliks.com\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, a financial planning solution for SMEs and startups or contact us at <a href=\"mailto:contact@modeliks.com\">contact@modeliks.com</a> and we can help.</p>\n<p>Author:<br />\n<a href=\"https://www.linkedin.com/in/blagojahamamdziev/\">Blagoja Hamamdjiev</a>, Founder and CEO of <a href=\"https://www.modeliks.com/\" target=\"_blank\" rel=\"noopener\">Modeliks</a>, Entrepreneur, and business planning expert.</p>\n<p><em>In the last 20 years, he helped everything from startups to multi-billion-dollar conglomerates plan, manage, fundraise, and grow.</em></p>\n","slug":"sportswear-athletic-apparel-manufacturing-financial-model-example","date":"2024-10-29T13:36:07","featuredImage":{"node":{"id":"cG9zdDo1MTA4","sourceUrl":"https://wp.modeliks.com/wp-content/uploads/2024/10/main-image-tWOz2_EK5EQ.jpeg","altText":"Sportswear and Athletic Apparel Manufacturing financial structure"}},"seo":{"metaDesc":"Discover our comprehensive Sportswear and Athletic Apparel Manufacturing financial model for accurate business insights and informed decision-making.","title":"Sportswear and Athletic Apparel Manufacturing Financial Model Example - Modeliks"},"industryName":{"industryName":["manufacturing"],"category":["financial-model"]},"h1":"Manufacturing Business Plan | Modeliks"}2:["$","$L7",null,{"post":"$8","isBusinessPlan":true}]
6:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Sportswear and Athletic Apparel Manufacturing Financial Model Example - Modeliks"}],["$","meta","3",{"name":"description","content":"Discover our comprehensive Sportswear and Athletic Apparel Manufacturing financial model for accurate business insights and informed decision-making."}],["$","meta","4",{"name":"keywords","content":"manufacturing business plan, how to write a manufacturing business plan, manufacturing business plan example, business plan for manufacturing business, business plan for manufacturing company, manufacturing business plan template, manufacturing business plan sample, business plan manufacturing and operations plan"}],["$","link","5",{"rel":"canonical","href":"https://www.modeliks.com/industries/manufacturing/sportswear-athletic-apparel-manufacturing-financial-model-example"}],["$","meta","6",{"property":"og:title","content":"Sportswear and Athletic Apparel Manufacturing Financial Model Example - Modeliks"}],["$","meta","7",{"property":"og:description","content":"Discover our comprehensive Sportswear and Athletic Apparel Manufacturing financial model for accurate business insights and informed decision-making."}],["$","meta","8",{"property":"og:url","content":"https://www.modeliks.com/industries/manufacturing/sportswear-athletic-apparel-manufacturing-financial-model-example"}],["$","meta","9",{"property":"og:site_name","content":"Modeliks"}],["$","meta","10",{"property":"og:locale","content":"en_US"}],["$","meta","11",{"property":"og:type","content":"article"}],["$","meta","12",{"name":"twitter:card","content":"summary"}],["$","meta","13",{"name":"twitter:title","content":"Sportswear and Athletic Apparel Manufacturing Financial Model Example - Modeliks"}],["$","meta","14",{"name":"twitter:description","content":"Discover our comprehensive Sportswear and Athletic Apparel Manufacturing financial model for accurate business insights and informed decision-making."}],["$","link","15",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]]
1:null