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Thursday, April 25, 2019 1:38:47 PM
Its not good to be running out while trying to expand. IMO Where is that Marketing Manager at?
Part of due diligence is understanding business, especially trying to open a new one.
The company is in a great position not being able to keep up with demand.
A good friend of mine and I opened an ice cream and smoothie business on a beach. We order inventory in the amount recommended by the distributor. WE sold out in 3 days rather than the forecasted one week. Some ingredients and new equipment got held up at customs. So we lost some opportunity for a number of days. Did we quit and cry or get more excited for a growing small business. Now just compound that into a larger business that faces more problems and also govt regulations that limit financing, that governs labels, recipes, transportation, and distribution. 3 sets of regulations I might add, local, state. and federal. I could go on, but I think this will suffice.
I have owned 5 businesses. Nothing ever goes as planned and to expect anything else is a hint one should not go into business. It is certainly not for everyone.
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