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CREATING A FASHION BRAND
September 9th at 9:37pm
Fashion brand is a retail or wholesale setup which sells pret-a-porter (ready-to-wear) clothing or accessories, whereas Fashion Label is basically a setup run or founded by a Fashion Designer and mostly caters clients with customisable garments, i.e. made-to-measure. If you are ready to start a fashion business (whether part-time or full-time) consider these key points for starting a successful clothing brand or clothing line from scratch. How to Start a Fashion Brand in 10 Steps: Step-by-Step Guide Identify a need in the market. Develop a business plan. Identify your target audience. Start designing. Find a clothing manufacturer. Choose a brand name, logo, and market profile. Choose a price point for your items. Begin the…
DOES THE ECONOMY AFFECT THE HOUSING MARKET?
September 2nd at 9:32pm
The housing market is influenced by the state of the economy, cost of working capitals, real income and changes in the size of the population. As well as these demand-side factors, house prices will be determined by available supply. When economic times are good, certain parts of the housing market usually see healthy growth. … The economy affects the overall housing market and impacts two of its major segments in an especially noticeable manner. Once an economy slows, it can affect its housing markets. Economic slowdowns affect housing markets, which in turn affect the economy as housing-related activities decline and slow overall economic activity. The economic cycle breaks once economic improvement begins and housing prices reflect consumers’ ability to pay. As…
THE TOURISM INDUSTRY
July 1st at 10:27pm
In its broadest sense, the tourism industry is the total of all businesses that directly provide goods or services to facilitate business, pleasure and leisure activities away from the home environment. Tourism is one of the biggest industry in which large number of people are working together. … It is one of the industry which is resposible for some countries economy. In the U.S. travel and tourism industry generated over $1.6 trillion in economic output in 2012, supporting 7.8 million U.S. jobs. Travel and tourism exports accounted for 11 percent of all U.S. exports and nearly a third (32 percent)…
LESSONS FROM IBM
April 1st at 7:56pm
International Business Machines (IBM), is a global technology company that provides hardware, software, cloud-based services and cognitive computing. Founded in 1911 following the merger of four companies in New York State by Charles Ranlett Flint, it was originally called Computing-Tabulating-Recording Company. A lot of IBM’s success can be traced back to its earliest years and the actions of Thomas Watson Sr., who ran IBM from 1914 to 1952. Today’s entrepreneurs and CEOs could learn some lessons from Watson, especially if they want to build a company for the ages. 1. At the start, convince the troops you’re a company of…
REAL ESTATE, FOR SALE BY OWNER, A GOOD IDEA?
March 11th at 7:35pm
A FSBO, also known as a for sale by owner, can easily be described as a homeowner selling their property without the representation of a real estate agent or broker. There are many reasons why homeowners attempt to sell their home on their own. A few of the most popular reasons for FSBOs are they want to save the money that would be spent on real estate commissions or that they feel they don’t need a real estate professional to sell their home. Listing a home for sale before it is ready can be detrimental to the chances it actually sells. Pros Save…
WHAT HAPPENED TO KODAK? A GOOD BUSINESS LESSON
April 5th at 11:55pm
Eastman Kodak Co. is often cited as an iconic example of a company that failed to grasp the significance of a technological transition that threatened its business. After decades of being an undisputed world leader in film photography, Kodak built the first digital camera back in 1975. But several factors made it exceedingly difficult for Kodak to shift gears and emerge with a consumer franchise that would be sustainable over the long term. The transition from analog to digital imaging brought several challenges. First, digital imaging was based on a general-purpose semiconductor technology platform that had nothing to do with…