You know you’re destined to be a fashion designer if you: a) spent most of your childhood making clothes for your Barbie dolls instead of playing with your friends; b) read fashion magazines instead of your school books; c) ran a boutique out of your basement at age 10. In other words: if you want to be the next Yves Saint Laurent, it helps to be completely and utterly obsessed with fashion.

However, there are many aspects of the profession. Working as a fashion designer can just as well mean supervising a design team at a sportswear company as producing a label under your own name. Although the former career may not seem as glamorous as the latter, it certainly will make your life less stressful. To create your own label takes a lot of time, dedication and hard work.

There are as many different ways to embark upon a fashion career as there are styles of design. Ralph Lauren’s Polo empire was founded on a small tie collection that he sold to Bloomingdales. Helmut Lang decided to open his own clothing store when he couldn’t find a t-shirt that he liked. Michael Kors built up a network of customers by selling clothes in a trendy NYC boutique.

Most fashion programs are three to four years long. During that time you will take fine arts classes and study drawing, color composition and form. You will also learn pattern making, draping and cutting techniques. One of the most important advantages of design schools is that they work really closely with the industry. Parsons, for example, have “designer critic projects” where successful designers like Donna Karan and Michael Kors work directly with the graduating students.

Unfortunately, it’s not enough for a designer to be creative; you also have to have some business sense. As fashion gets more and more corporate driven, it’s important to be aware of the business climate and understanding the mechanics behind it. By religiously reading trade papers like “Women’s Wear Daily” you will get a lot of valuable information. If you want to run your own company, you need to be extremely organized and learn at least the basics of economics.