Because I have a good understanding of the industry, or have been in the industry for many years, I have been familiar with the operation of the industry. However, because the social environment is changing with each passing day, some clues of success and failure can still be observed in the ups and downs of the industry, which can be used as reference and research. Seek progress and practice to defeat yesterday’s me with today’s me.
People who have no relevant experience in the past, but have the courage to try, can actively learn new business operation methods and operating modes, don’t mind starting from scratch, and have small to large people who accumulate results and improve themselves.
Those who can learn and grow from the past experience are a new beginning for the operator every day. They remind themselves to grow and make progress with the lessons of the past deficiencies, and they also retain the previous successful experience and continue to improve and make breakthroughs.
Although he does not operate related businesses, he has friends, partners, or a team of familiar hands to guide the operation or even the former proprietor is willing to provide training assistance, and the in-store employees are also willing to stay to help. In this way, it is undoubtedly a stimulus for the future of buying the business. When there is a problem, there will be a mentor to help solve the problem, and doing things can get twice the result with half the effort.
Since the initial success in the industry has been achieved, in order to increase profitability, mergers and acquisitions of peer businesses is one of the simple and fast methods; while buying the business, it can instantly reduce the average cost of providing related products/services, and enjoy the economies of scale (Economies). of scale), the best choice for successful operators.
For investors who have capital to invest in the business, because they do not have much time to participate in the business, or even have no time to manage the business, they often choose some shops that have been in business for many years and have a long history. Years of regular customer base, and skilled employees in the store can also retain and develop the original business model. The most important thing is to be able to provide inherent accounts or accounting reports (Audit report) to prove that the business has stable income for many years, and then cooperate with relevant With the help of the employees, investors can rest assured even if they are not involved in the operation.