Ending Soon! Save 33% on All Access

New Business Opportunities In Fashion And Design 'Fashion brand managers today are dynamic individuals who understand the vocabulary of creative designers'

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

World Economic Forum declared that problem-solving skills and creativity are top two skills needed by millennials for workplaces in 2020 AD. Perhaps a few decades ago, things could have been different. But today, with more and more people having access to greater disposable incomes and savings, there is a tectonic shift in the spending habits of people. With the proliferation of people sailing aboard in the fashion and designer space, the ultimate consumer is spoilt for choices. In an evolving environment such as this, design and fashion entrepreneurs are required to take stock and run it like a proper business. This is not just for today — this is also what the "future' looks like.

Being an academician, I know for a fact that not many design schools are catering to this need of nurturing talent with double-edged aptitude — creative sensibilities as well as business acumen. Times today call for realigning syllabus and course structure towards addressing this requirement in the creative domains. Our endeavor, however, is to prepare all our students for their chosen fields and excel in the industry.

Curriculum designed by industry, embedded with educational international exposure, industry master-classes and live industry projects ensure that our young creative minds are industry ready, globally.

Opportunities today lie in the evolving "creative' fields pertaining to image consultancy, make up and photography, content writing, blogging, event conceptualization, merchandising and many more. Here are some emerging trends that are creating ripples-

Fashion Brand Managers

There are enough and more examples of people who are successful in creating a niche for themselves in what are known as "New Age Creative Careers'. Fashion brand managers today are dynamic individuals who understand the vocabulary of creative designers as well as number-driven business heads. The fields of fashion and design are as much about art as they are about science of management. The fashion brand managers have double-edged expertise. On one side they strategize how to manage their brands, while on other hand they influence innovative fashion collections, fashion buying and fashion retailing. They are known for their unique analytic approach and having their own language of expression on a range of topics and ideas.

Content Marketers

Creating content for marketing is also a career in new age business. Words evoke attraction of buyers because the writer understands what the readers want, and makes the marketing plan suitably effective. There are instances where the young generation is innovating family business from manufacturing of jeans to fashion accessories for men, because they detect that gap in the market. With their acumen to understand the product as well as the male fashionista makes them a very successful new age businessmen.

Creating A Niche Product Range

Today, we have organisations like Mango People or Hats Off Accessories, run by young fashion enthusiasts, that do not sell standardized FMCG products like, bottled diet beverages or packaged food items or version-ized smartphones. Each products that you see in these enterprises are "creative' and they appeal to absolutely different kinds of users and buyers. These kinds of businesses need managers, but the style of management expected here is replete with aesthetics and complete understanding of human tastes and preferences.

Nandita Abraham

CEO, Pearl Academy

Nandita Abraham is the CEO of Pearl Academy. 
Thought Leaders

Need More Confidence? These 10 Bestselling Books Will Help Improve Your Self-Esteem

Self-esteem can be hard to come by and even harder to maintain. To give yourself a boost, try these authors' words of wisdom.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Navigating the Boom: How Investors Are 'AI-ing' Big in India

While the startup ecosystem tries to leave the funding winter behind, the AI startups and investors are having a pleasant time

Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

News and Trends

IVY Growth Launches INR 250 Crore Sector-agnostic VC Fund 'Arigato Capital'

It will look to back agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies

News and Trends

Collective Artists Network Secures Investment from Nikhil Kamath

The investment is a secondary transaction, that is poised to open the road to a '5X' return, thanks to a strategic exit for InMobi's Glance, which had an investment in Collective dating back to 2021.