New York, NY – Over the past 25 years, Liza Deyrmenjian has helped dozens of fashion entrepreneurs launch their own lines, many to great success. She has also watched many others, not her clients of course, fall flat on their faces.

While every case is different, Liza, founder of Fashion Accelerator 360, an unparalleled platform for online fashion and lifestyle business education, has noticed trends among the winners and the washouts. Often the problems lie in the designer’s inability to sell, to build teams, or just to simply get started.

These mishaps aren’t inherent to fashion brands. Failure is a possibility in any industry. But that doesn’t mean it has to happen to you.

Here are Liza’s five tips on how fashion design can teach you to run your own business.

#1.  Have an elevator pitch
#2. Get your ideas on paper
#3. Focus
#4. Know when to outsource and when to be a micromanager
#5. Talk to people you admire