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Business Model and Suppliers

I think the most important part of starting a new business is determining how involved all parties will be.  If you do not have a desire to work directly with customers, then you need to choose a business model that will limit your interactions with customers.  Determining how much the business needs to make, and…

I think the most important part of starting a new business is determining how involved all parties will be.  If you do not have a desire to work directly with customers, then you need to choose a business model that will limit your interactions with customers.  Determining how much the business needs to make, and the level of involvement you want to have in the day to day running of a company can rule out some business models quickly.  It is also important to know what time of return or revenue you expect from the business.  Once these steps are complete, you need to partner with companies that fit your business model.  Choosing companies that will work with you and your business model is just as important as choosing your business  model.  If it is an affiliate or a manufacturer that will drop ship, you need to have a good partner.  The better you work together with vendors the easier it is to be successful.

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