I own one of these types of businesses. Distributing products for global manufacturers in the USA/Canada.
Not just distributing, but retail and wholesale.
So there is some protection, yes.
But, those relationships come from having company first.
Taking care of customers. Selling well. Supporting customers.
Then over years, building relationships, traveling to events, conferences.
Building connections.
Then, getting a foot in the door with a product.
Yes, getting some protection - but having to earn it every day, to keep it.
So, it is nice in a lot of ways, but it's not easy.
Like anything really. Past results are no guarantee of future results.
We've got to run a good business, day in, day out.
We've got to adapt and grow.
We've got to improve our systems.
We've got to give customers what they want.
Take care of our staff, invest in them, grow for them.
We've got to run a very good business. Every day.
No matter what product we're selling, it doesn't matter if we run our business poorly.
I think some of the most disruptive businesses are providing amazing service to customers, not just niche products.
Not just distributing, but retail and wholesale.
So there is some protection, yes.
But, those relationships come from having company first.
Taking care of customers. Selling well. Supporting customers.
Then over years, building relationships, traveling to events, conferences.
Building connections.
Then, getting a foot in the door with a product.
Yes, getting some protection - but having to earn it every day, to keep it.
So, it is nice in a lot of ways, but it's not easy.
Like anything really. Past results are no guarantee of future results.
We've got to run a good business, day in, day out.
We've got to adapt and grow.
We've got to improve our systems.
We've got to give customers what they want.
Take care of our staff, invest in them, grow for them.
We've got to run a very good business. Every day.
No matter what product we're selling, it doesn't matter if we run our business poorly.
I think some of the most disruptive businesses are providing amazing service to customers, not just niche products.