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Business strategy
Good location without proper planning may not work
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[QUOTE="Alexandoy, post: 219059, member: 25510"] This is the experience of a family friend who opened up a restaurant in the highway going to a tourist town. The eatery specializes in goat's meat that is a delicacy here. Maybe they lacked planning that after 3 months of instant success the problem they faced is lack of supplies. They have only 1 supplier of goat's meat in that town. What they did was to import goat's meat from a faraway province. That added to the cost of operation. Perhaps if they had 3 suppliers then that lack of supply will not happen. A very good business location that lacked good planning. Planning a business should not be focused only on the customers. Proper attention should also be given to the suppliers. When the price of the supplies will be increased then you are not beholden to just one supplier that you can choose where to order (the one with the lower price, of course). [/QUOTE]
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