A Guide to Business

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Change In A Business

    View: 
The studies went on for almost two years and as



luck would have it, a relative of two of the men

controlled a soft drink's production factory; it

was then intimated to the men that if they could

source a certain product for him, even at the

same price, he would give them a contract.

The men duly did this, the product was sourced

and the new business was up and running.

Over the following several years, the product

range expanded and the customer base continued

growing, using the same business model of

distribution with ever-increasing storage

facilities, creating an ability to from an

efficient part of any company's supply chain

management.

Then, as is the subject title of this article,

the business had to change, was forced to change -

- through clever marketing and good fortune we

won a supply contract for packaging related

materials that we did not even supply!

Hence we suddenly required a great deal of

additional space, a great deal of new equipment

and guess what? We were involved in a business

model which went against the grain of every ounce

of our studies and took us in a totally different

direction to that planned. Thus, we had changed.

One may argue that business is always the same --

it's just the commodity that changes.

So there we were with 45000 square feet of

storage and manufacturing space, a large work

force, health and safety issues and lorries to

boot-everything we had planned against -- but we

had a contract.

However, the years went by and we began to see a

pattern emerging throughout the country of

manufacturing businesses closing around UK in

favour of moving to Eastern Europe or indeed the

Far East.

Since our business was primarily in the field of

primary or secondary packaging and it is

essentially manufacturing company's that use

packaging we decided that it was time to sell the

business as too many companies were chasing an

ever-decreasing market.

So when we received an offer from our managers to

buy, we accepted it and moved on.

Summarising, it is no longer possible to be

inflexible in business and more than ever, since

general market knowledge is greater than ever

before due to the internet, the customer must be

treated with kid gloves and cannot be pressed too

strongly.

Whereas in times gone by, it was relatively easy

to work with decent margins, even on generic

products, customers can access swathes of

information at the press of a button, thus

forcing the seller's position down and down.

This is all very well but it must be remembered

that a business producing anything or storing

anything must work off a decent profit level to

be able to maintain the standards of quality and

delivery performance.
Change In A Business
The year is 1993 and three young men, who share a penchant for business, are searching for the right materials to get involved with after deciding that distribution as compared to manufacture is the way ahead in the day's particular climate.

The studies went on for almost two years and as luck would have it, a relative of two of the men controlled a soft drink's production factory; it was then intimated to the men that if they could source a certain product for him, even at the same price, he would give them a contract.

The men duly did this, the product was sourced and the new business was up and running.

Over the following several years, the product range expanded and the customer base continued growing, using the same business model of distribution with ever-increasing storage facilities, creating an ability to from an efficient part of any company's supply chain management.

Then, as is the subject title of this article, the business had to change, was forced to change -- through clever marketing and good fortune we won a supply contract for packaging related materials that we did not even supply!

Hence we suddenly required a great deal of additional space, a great deal of new equipment and guess what? We were involved in a business model which went against the grain of every ounce of our studies and took us in a totally different direction to that planned. Thus, we had changed.

One may argue that business is always the same -- it's just the commodity that changes.

So there we were with 45000 square feet of storage and manufacturing space, a large work force, health and safety issues and lorries to boot-everything we had planned against -- but we had a contract.

However, the years went by and we began to see a pattern emerging throughout the country of manufacturing businesses closing around UK in favour of moving to Eastern Europe or indeed the Far East.

Since our business was primarily in the field of primary or secondary packaging and it is essentially manufacturing company's that use packaging we decided that it was time to sell the business as too many companies were chasing an ever-decreasing market.

So when we received an offer from our managers to buy, we accepted it and moved on.

Summarising, it is no longer possible to be inflexible in business and more than ever, since general market knowledge is greater than ever before due to the internet, the customer must be treated with kid gloves and cannot be pressed too strongly.

Whereas in times gone by, it was relatively easy to work with decent margins, even on generic products, customers can access swathes of information at the press of a button, thus forcing the seller's position down and down.

This is all very well but it must be remembered that a business producing anything or storing anything must work off a decent profit level to be able to maintain the standards of quality and delivery performance.
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About Author
Both Nazir Daud & Naz Daud are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Nazir Daud has sinced written about articles on various topics from Online Business, Management and Accounting Bookkeeping General Svc. Naz Daud is the founder of CityLocal Business Franchise OpportunityBusiness Franchises and UK Business Directory. Nazir Daud's top article generates over 74000 views. Bookmark Nazir Daud to your Favourites.

Naz Daud has sinced written about articles on various topics from Real Estate, Ezines And Newsletters and Business Promotion. Naz Daud Business Franchise OpportunityBusiness Dire. Naz Daud's top article generates over 60500 views. Bookmark Naz Daud to your Favourites.
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