Startup –Though distribution business is one of the most capital-intensive ventures, this is not always the case for every business type.
In fact, successful distributors around the globe, will tell you this is the best and easy venture anyone can start and grow faster.
Though, requirements can be a daunting task to many as earlier discussed, that cannot be the case always. Start your distribution with the little you have. What matters is your rapport with the manufacturer.
That said, first, make sure you have enough stock with you; then have a room where you will place your inventory.
It is advised that you find a safe room that will keep your stock safe and secure from loss or theft so that not rain water nor burglars can mess it up.
Secondly, from your market research, try and identify your first batch of clients and do yourself justice by supplying them exactly what you promised. Do not mess up your first client because he or she can make or break your business. You also don’t know the impact he or she can have outside there for your business.
Additionally, make sure your suppliers are readily available whenever needed. They must be reliable. Having a supplier who is there one minute and the other he is not there could be detrimental to business growth and sustainability.
And last but not least, learn the culture of ploughing back your investments. Restock your store every after sales. This helps prevent you from misappropriating sales money.
Then one last word, make sure you have great books of account. They go a long way in helping support your every decision in business.
And if you have any assistants who help you to carry out daily business duties, make sure they are motivated for better results and prosperity.
