One of the most challenging projects any organization can take on is building construction. Total cost is associated with each aspect of the process, from the design phase to construction, completion, and occupation. In an attempt to reduce construction cost in all of those areas, we examine different ways to reduce construction costs. Consider Material Alternatives One way to reduce construction cost on your next project is by considering material alternatives....

Fashion Industry Outlook 2023 Executive Summary The fashion industry experienced impressive growth in 2021 and early 2022 due to pent-up consumer demand after pandemic restrictions were lifted. However, the industry now faces challenges due to deteriorating macroeconomic and geopolitical conditions, such as the war in Ukraine, the energy crisis, and inflation. In 2023, the fashion industry is expected to see global sales growth of 5-10% for luxury and -2% to 4%...

You’ve got a great idea for a new product line. You know exactly how to make it, and you have the team on standby. Sure, you’re a lot further forward than many businesses, but before you dive headfirst into product development, you need to validate your market.  You have to determine whether or not people will buy your product, at what price, and at what scale.   In this article, we’ll look...

Increasing awareness of the fashion industry’s overall effect on the planet combined with the demand for accessible, convenient, sustainable clothing creates fertile ground for entrepreneurs to grow their businesses. But launching any new venture is fraught with challenges and risks. Success demands research, planning, and dedication to your values and mission. So, how do you establish your sustainable fashion brand and cultivate it into a profitable enterprise? In this post, we’ll...

Modular House Builder Boosts Profit with Gaming Console Business Model The modular house building industry has been around for many years, but it is only recently that it has seen significant growth and innovation. Like many other industries, the modular house building industry can learn from successful business models in other industries to help it grow and succeed. One such business model that the modular house building industry can learn from...

Product Strategy in Road Construction: A Comprehensive Guide Product strategy is a critical component of any business, and the road construction industry is no exception. It involves identifying potential markets, understanding customer needs, defining the product vision, and creating a roadmap for the product. In the context of road construction, the product is the completed road or infrastructure project. This article delves into the importance of product strategy in road...

When growing your fashion eCommerce brand or launching a new product line, take a moment and consider your goal. Do you want to make money? Are you aiming to disrupt the market and bring customers a new line of products unlike any they’ve seen before?  Or is your goal to address your target customers’ pain points?  All three objectives may be driving your entrepreneurship. But the latter is the most important—and it's...

Launching a new clothing business or product is risky, whether a startup or an established brand. To succeed, you must understand your target market and the potential it offers.  And that demands extensive research to ensure you base the big decisions between conceptualization and launch on facts. Market sizing is one of the most vital steps in this process. Without it, you could face costly mistakes and, ultimately, failure.  This post...