53. The Truth About Fashion Business Finances + A Conversation with Novo Bank CEO Michael Rangel cover art

53. The Truth About Fashion Business Finances + A Conversation with Novo Bank CEO Michael Rangel

53. The Truth About Fashion Business Finances + A Conversation with Novo Bank CEO Michael Rangel

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Welcome back to another episode of The Haute Guide! Today we’re diving deep into financial literacy for fashionpreneurs—a topic we often avoid but need to master. In this episode, I break down the financial struggles of running a fashion business, share my own experiences from starting out as a blogger to building multiple brands, and discuss the biggest financial mistakes fashion entrepreneurs make.

PLUS, I have a special guest—Michael Rangel, Founder & CEO of Novo Bank, which is my business bank of choice. We discuss how fintech is changing the game for small business owners and how you can take control of your business finances.

✨ Mentioned in This Episode:

💻 Novo Bank – My go-to for small business banking. Sign up here: https://onboarding.novo.co/signup?referral_code=AlexandriaBrown1&first_name=Alexandria
🛍 Jance Chartae – E-commerce & boutique expert. Follow her for fashion biz tips!
💡 ChatGPT & AI – How I use AI to optimize business strategy

🎯 Your Homework:

📌 Audit your finances: Are you separating personal & business expenses?
📌 Research business banking options: If you don’t have a business bank, start with Novo
📌 Check your pricing strategy: Are you actually making a profit?
📌 Plan for the future: Look at your cash flow, taxes, and funding option

🔗 Stay Connected:

📲 Follow me on Instagram: @akbrownstl
🌐 Website: www.akbrownstl.com
📖 Read Advisor. Magazine: www.advisormag.co

💬 Love the episode? Leave a review and tag me on Instagram with your biggest takeaway!

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