[extropy-chat] A successful company?

[Gary Miller]

I'd add the following although I don't disagree with any of your high level
goals.  These goals could vary depending on the size of your enterprise.

5. A good IT group to give you a net presence and minimize the expenses of
running your operation from inventory control, manufacturing and accounting
perspective.

6. A just in time inventory system to reduce your inventory carrying cost
and reduce spoilage in the vitamin ingredients that have a short shelf life.
Also consider coatings which could delay oxidation of ingredients.   I hate
it when my vitamins go bad and I half to hold my breath when I take them.
And no I'm not going to throw away $20 woth of vitamins just because they
smell bad.

7. A quality control lab to perform receiving inspection on your ingredients
to protect your image/reputation and to protect your company from liability.
(Remembering GNC L-Tryptophen disaster from years back)

8. A good work environment, fair pay, benefits and background checks to
reduce likelihood of product tampering, employee theft, extreme addiction
problems, etc... again to protect  image/reputation and liability costs.

9. A five year business plan which will allow you plan for growth, obtain
credit for expansion, and allow you to value your business for insurance
purposes or potential sale.

10. A R&D group to devise vitamin combinations to reduce the number of pills
people need to take each morning for specific consumer problems and/or
gender/age groups.  This also serves to differentiate your line vitamins
from those of your competition.

-----Original Message-----
From: extropy-chat-bounces at lists.extropy.org
[mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of Jonathan
Despres
Sent: Saturday, November 19, 2005 6:23 PM
To: extropy-chat at lists.extropy.org
Subject: [extropy-chat] A successful company?

Hi,

I want to know what we need to become a successful company (I am in the
vitamin business), here is my opinion:

1) We need to buy our products very cheaply and sell high (This is a trade
minimum to do)

2) We need talented people to do the essential job

3) We need a good image/reputation

4) We need a good product.

Any other thing I miss ?

--Jon
_______________________________________________
extropy-chat mailing list
extropy-chat at lists.extropy.org
http://lists.extropy.org/mailman/listinfo/extropy-chat