Here Are 5 Ways To Separate Company And Personal Finance For Business Growth As A Fashion Entrepreneur


Finance is the life blood of any successful business, as no business can run without finance. Almost everything needed in building a fashion business costs money, and mismanaging finance can be detrimental to the growth of the business.

Many young fashion entrepreneurs are yet to master the art of separating company finance from personal finance which has led to a lot of problems in their business.

This week we spoke with Ms. Olajumoke Tawose, founder of Gracies Atelier and Ms. Omowunmi Sowunmi of Owunmiclothings on separating company finances from personal finances in growing a fashion business.

Ms. Olajumoke Elizabeth Tawose is the Founder of Gracie's Atelier. Gracie's Atelier is a raring female clothing brand focused on providing bridal, bespoke and ready-to-wear services.

Her brand is described as a raring fashion brand because they are enthusiastic and ready to grow. They are always moving forward, learning new things, taking new risks and looking for opportunities to be better each day.

For her, company finance is income and expenditure based purely on doing business as a brand while personal finance is her money i.e. money that she is solely responsible for.

Ms. Omowunmi Sowunmi is the founder of Owunmiclothings. Owunmiclothing is a female bespoke fashion brand that caters to occasion outfits, most especially bridal. The brand recently started a ready-to-wear arm called Owunmichic.

Owunmichic is a ready-to-wear urban chic brand for women who love to show off their feminine profile. It does this by infusing elasticity through smocking using non-stretcy locally made fabrics to highlight the beautiful curves of the female body.

Owunmiclothings was birthed in February, 2016 after Omowumi got tired of not receiving responses from big fashion brands she tried to intern with after putting her pharmacy career on hold. Omowunmi, who started fashion design in her third year in university ....
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