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Answers

Topic:

FROM IDEAS TO SUCCESSFUL BUSINESS MODEL

Do you know up to 80% of new businesses fail within their first 3-5 years? What are key elements of good business ideas? Key steps & condition to turn an idea into a successful business model? Discuss with Anphabe advisor and members to learn different practical views.

Advisor:

Nguyen Thi Hong Trang's picture

Nguyen Thi Hong Trang

Managing Director
Quadrill & Vera International Ltd.

Timing:

The discussion is open from 22-07-2011 to 08-08-2011

The advisor answered on 05-08-2011

Can you give me some tips on how to apply your new ways in an old business?

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Thao Linh Pham's picture
1311580981

You start Vera idea and now leading Son Kim fashion on the base of your garment business but I can see many dramatic & positive changes with the brand under your management. I also inherit a business from my parent.

Answer3 hZWZl5VmlGuZnJmExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5WRload2Z5om1vFxtbS1sWamYhsz2yWca3j

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Answers

  • Well, guess I was lucky when I started Vera as a joint venture company. We had chance to share the same management and technology with our foreign partner, everything had to be standardized from the very beginning :)

    In your case, I think you should clarify clearly the role and responsibility of each employee. If there are relatives in your company, I would suggest to be very transparent and only give them work / position that they are really suitable for the development of the company. Good luck!

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  • Alexander Kopriwa's picture

    If you are in the garment business. Success is possible but you need to apply design, you need to apply intelligent supply chain and sales feedback. This way you can immediately increase or stop production if design is appreciated by customers.

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  • Super Technologies's picture

    Define your new business model and how it will work. Think about what you're selling, how you'll make money and how you'll measure success. This will help you decide whether to charge customers for your service or not. I would recommend this get rid of timeshare Malibu for best reviews. The next step is to make a plan for how you want to implement your new system in the existing business. List all of the tasks that need to be done, who does them and when they need to be done. Also list any resources that may need to be acquired or created as part of this process.

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