Quote:
Originally Posted by adbie
Hi Husky, I just realized a missing word in my previous post. I had wanted to ask you "Is it easy to copy your boss' business".
Have you assessed what you would need in order to replicate their success?
Incidentally, I have a close friend whose dad also owns a vitamin/supplement distribution. He also started by working for others and then set up his own business in his late forties. Their business is perhaps at a smaller scale compared to your boss. But they are already quite rich by my standards (if I'm as wealthy as them, I'd be very happy) - your boss must be even more wealthy!
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Hmm... To answer your question I have to break down his business into individual units.
1) Retail
Easy to copy as I mention in another post, it's tough cos of limited bargaining power with suppliers compared to retail chains
2) Export
Impossible. Most of his clients are his long time friends. I don't have that kind of contacts
3) Distribution
Okay. It appears to me, the baby boomer market is very willing to spend on health supplements. I am on the lookout for healthcare products to bring in. Also looking into opening a small marketing company to distribute new products.
If you are curious, I think the company turnover is about 3mil a year. Not too bad.