Starting a business
The typical startup warehouse distributor might have to wait around five years to be able to see a return on his investment. Lucky you if you can shorten that turnaround time to three years. This is the same for nearly all types of businesses, really, so whatever business you have will not really matter. If you’re ambitious enough and have the right products to offer to the right clientele, you just might see an return after six months to a year.
According to reports, wholesale distribution accounts for around 7 per cent of the US’ gross domestic product, so there truly is a market for this kind of business. There is a lot of room to grow. The world nowadays requires that a product...
Need essay sample on "Starting a business"? We will write a custom essay sample specifically for you for only $13.90/page
...ion company first adhere to sustainable growth regulations before it is able to operate, particularly in the US. Because customer demands are gearing more toward products and services that are environmentally sensitive, companies are called to become more responsible with the way they conduct their businesses.
This is particularly true for warehouse distribution companies. While distributors do away with the manufacturing part of the business and will only have to stock up and resell, sustainable growth, characterized by recycling, waste reduction strategies and lean manufacturing methods are still necessary. A warehouse stocks large quantities of certain goods, which may or may not always be exhausted.
Thus, there should be system for making sure that there is close to zero waste and nothing is thrown out indiscriminately. Aside from adhering to these, you must also make your policies publicly known. There are certain merchants that will never do business with a company that is not environmentally conscious, so you will have to factor this in your planning phase.
Guide to starting a business. Retrieved August 18, 2006, from http://www. startinbusiness. co. uk/flowchart/3flowchart.htm Starting a business. Retrieved August 18, 2006, from http://www. thisismoney. co. uk/help-and-advice/advice-banks/article. html? in_advicepage_id=128&in_article_id=394268&in_page_id=90 Sustainable growth. Retrieved August 18, 2006, from http://www. bgateway. com Managing growth. Retrieved August 18, 2006, from http://www. bgateway. com Starting a business. Retrieved August 19, 2006, from http://www. natwest. com/business01. asp? id=BUSINESS/BUSINESS_GUIDES/STARTING_A_BUSINESS