¶ … small company and brand from scratch. Owner is a woman from South America, with limited knowledge about business. She decides to go to college to learn economics while growing the company. Company produces organic products with raw material imported from South America
Some problems: Import and customs problems, branding problems, trademark problems happened
Company establishes good reputation, solid returning customers thanks to the knowledge and strategies the owner learned in college
Discuss: Education helps but are there any other factors contributing the result?
There is a poem entitled "All I really need to know I learned from kindergarten" (Robert Fulghum) with the poet's shrift being that education plays only an insignificant part to success. There have been many business tycoons who have never graduated -- or even attended business school and been enormously successful, Henry Ford being one of them. And numerous others -- graduates of the Ivy Leagues -- who became homeless addicts and out-and-out failures.
I disagree with the adage that "all I need to know I learned from kindergarten." Too many factors are involved here including the type of kindergarten the individual attended, the teachers and peers in that kindergarten...
Video Tape and Disc Rental Rentals Catalog/Mail Order Retailing Health and Personal Care Stores Retailing Table 2: Comparisons of Most Risky Small Business (BizStats.com, cited by Telberg, 2003) An Engine of Economic Growth More and more, Craig, Jackson and Thomson (2007) argue, policymakers perceive the small business sector "as a potential engine of economic growth. Policies to promote small businesses include tax relief, direct subsidies, and indirect subsidies through government lending programs." These authors stress that encouraging lending
1.3 Distribution The distribution channel is straightforward -- services are delivered online. The customer and MocFish find each other online, and then work out the details of the business either over the phone, over the Internet or sometimes in person. The site design services can be rendered from anywhere in the world and delivered over the Internet to the customer. Payment can be accepted from the customer online as well, making
The SME can then refine the description of the requirements and the formulation of the company's questions to the vendors. Each requirement is ranked according to the risks and opportunities identified by each user group and an aggregate of the data allows the user groups opinions to be consolidated (Krystkowiak et al., 2004). Finally, Figure 3 below is an OPAL screen that shows how the SME weights each requirement by
Grocery Store by Entrance of Hypermarkets in Bangkok Thailand Small grocery store owners in Thailand are faced with the ever growing threat of foreign -- owned hypermarkets. Hypermarkets are part of a global trend that threatens to destroy the small grocery store. If this trend continues the traditional market structure of Thailand might become obsolete in the future. This research explores strategies that small grocery store owners can employ to
A one stop destination is understood as a store that offers a complete range of complementary products. As an example, supermarkets are one stop stores as they allow their customers to purchase everything from food and detergents to power tools and clothes. Within the cosmetics industry, a one stop destination store would be one in which the customer can find anything for personal care, including deodorants, lipsticks, waxing products
The salon should fit in with surrounding services. For example, a small shopping strip or mall with several types of businesses, such as a restaurant, an insurance office, a real estate office, an accountant, a doctor, dentist, or optical store, and a tanning salon would make an ideal location for a beauty shop (Constant-content.com). If you are going to own your own shop, you need a business plan. Your plan
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