Architects love innovation; they are usually on the lookout for the latest innovation in materials and products which they can incorporate into their inevitably innovative designs. And yet, there's one place where they rarely innovate: their own business. This article, originally posted on Archipreneur as "Branching Out: 9 Architects Who Created Innovative Products," explores the world of architects who are innovating in other ways.
For decades the architectural business model has remained unchanged. While other industries have taken cues from the increasingly popular start-up mentality seen in the technology sector, architects have stuck to the outmoded practice of trading time for dollars. In a competitive global economy, this model is highly susceptible to changes in the real estate market and has limited opportunities for growth. These realities have propelled some architecture graduates to consider alternative career paths in which their unique skillset offers them a competitive advantage.
In contrast to the current business model of most architecture firms, we’ve gathered nine examples of architects who have created innovative products and services. These endeavors offer numerous advantages when it comes to growing a business because unlike the consulting model, product creation is highly scalable and has the potential to provide a continuous passive income stream.