Quote:
Originally Posted by mossbacked
Well, it was depressing.
He now travels to China every 3 to 4 months on buying trips and purchases almost everything he sells by the containerload direct from the producers. He buys large enough quantities of some items that they are "private branding" the items to reflect his store's name. As his quantities grow they are even beginning to private label the smaller quantities based upon his overall growing volume. He buys almost nothing from his former vendors here in the US (although their products are now mostly manufactured overseas too). He just now cuts them out of the equation by going direct to the source.
His advice was that I accompany him on a future buying trip where he would make some introductions that he thinks would help me.
I drove home after lunch feeling ill about the whole revelation that we probably won't be able to pull off producing here in the states.
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Thank you.
I've always placed a great deal of stock into the advice of a mentor.
I learned a lot from mine, only I never developed the appetite to bet it all on the last card.
He was a gambler, I prefer a calculated risk.
Chas