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Digg it UP - Creating Partnerships: Is Consolidation the Right Choice for Your Business?
Is Career Planning Important g is partnering with an existing national toner supplier.I’ve been around the workforce for quite a few years - 32 years in fact. I’m currently happily employed as a Principal Consultant : Occupational Health & Safety (OHS) in a major government department and often wonder how I came to be in this senior role. One thing I can say with certainty is that when I left school, this was not on the horizon!I do remember spending a lot of time thinking about likely career paths, with the expectation of becoming a Clinical Psychologist and I completed a university degree with a major in Psychology. It seemed logical that there would be a neat and predictable progression along the path to becoming a Psychologist. However, life is full o The National Partner Value Proposition Partnering with the right national provider offers tremendous advantages to toner suppliers facing many diverse challenges. Here are three major benefits you’ll receive by partnering with the right national partner: 1. Ideally, you’ll gain access to centralized web-based processing systems that handle day-to-day activities such as order taking, order fulfillment, billing, collections, payments and service calls. This results in more available time to focus on revenue producing activities like selling, marketing and business planning. 2. You’ll gain access to a wider range of products, increased marketing capabilities, larger territories and improved buying power that lead to better margins. 3. You’ll have an opportunity to equip an existing operation with best practices. Every small to mid size toner supplier has a certain But No One Else Is Doing It! In a highly fragmented and fiercely competitive toner supply market, a test of wills is underway. Will the small-to-mid-size suppliers resist market consolidation, or will they strategically choose to partner and push beyond their individual capabilities?No one else is doing it? Great! In business, sometimes we have to do things differently than everyone else in order to succeed or excel.A friend of mine, many years ago, worked in an office where there were dozens of typists typing on manual typewriters. One day, they were all informed that they would have to learn to type on electric typewriters – NOW – because every manual was about to be replaced by an electric typewriter. No one else was doing that, and those typewriters were probably an expensive investment. Eventually, though, the office needed fewer typists, which saved them money. And the typists all learned to type even faster on electric typewriters than they ha If your organization chooses to resist market consolidation, then prepare for several significant challenges requiring careful consideration and planning in order to move to the next level and become a more successful player in this fast changing industry. Here Are 4 Business Challenges Your Small Business Must Overcome: 1. Working capital –The lack of working capital is the leading threat to most small businesses. Toner suppliers are no exception. Many small to mid-range toner suppliers are already undercapitalized with no access to the type of working capital needed to break into the next level of business. Working capital is a must for financing new receivables and purchasing additional inventory associated with a growing customer base. 2. Time Allocation and Focus –Your focused time and attention consumed by the ongoing daily activities of operating a toner supply business such as inventory management, vendor relationships, order fulfillment, accounting and information technology leave little time for the one revenue producing activity: SALES. Outsourcing non-core functions and placing the focus back on sales and marketing is a workable solution for many suppliers having the capital needed to initiate the outsourcing process. 3. Products and Services – Today’s office customers expect more from their toner suppliers than cartridges on demand. In addition to the base-line services of cartridge delivery and empty cartridge pick-up, customers want value-added services such as printer maintenance, operator training, technical support and possibly complete print management services. As more customers streamline their own operations to focus on core business functions, they become increasingly persuaded by the advantages of complete print management solutions. Offering this service allows toner suppliers to develop and strengthen customer relationships while improving profitability. 4. Geography – Increasing sales is a good indication of a business’s strength. One way to achieve this goal is to gain access to the broadest geographical territory possible. However, as more office customers demand printer service along with their toner supply, more toner suppliers are finding themselves limited by the reach of their service provider network. Expanding an existing service provider network or developing one for the first time is an option that must be considered for continued growth. Overcoming Your Small Business Challenges The challenges facing the average small to mid-size toner dealer are daunting, especially for a sole proprietor who struggles to keep juggling so many balls in the air. According to a Wall Street Journal article, (published January 26, 2006) Walgreens and the big box office supply stores are planning a rollout of inkjet refilling machines that will cost approximately 60 percent of a typical compatible cartridge. Coupled with the plethora of internet based suppliers and the introduction of new technologies by OEMs in an attempt to dominate the industry, small to mid-size toner suppliers are feeling the squeeze. The time has come for toner suppliers to step back and develop a strategy-building plan that builds loyalty among existing customers and takes full advantage of changing market conditions. Your business plan should enable you to attract the working capital needed to expand your business and stay competitive. As is often the case, the early adapters will reap the biggest rewards. If suppliers lack the skills needed to adapt independently, another alternative worth investigating is partnering with an existing national toner supplier. The National Partner Value Proposition Partnering with the right national provider offers tremendous advantages to toner suppliers facing many diverse challenges. Here are three major benefits you’ll receive by partnering with the right national partner: 1. Ideally, you’ll gain access to centralized web-based processing systems that handle day-to-day activities such as order taking, order fulfillment, billing, collections, payments and service calls. This results in more available time to focus on revenue producing activities like selling, marketing and business planning. 2. You’ll gain access to a wider range of products, increased marketing capabilities, larger territories and improved buying power that lead to better margins. 3. You’ll have an opportunity to equip an existing operation with best practices. Every small to mid size toner supplier has a certain Capiz, Philippines, Asia Cut Foliages and Cut Flowers onal inventory associated with a growing customer base.BackgroundFollowing the collapse of the prawn industry in the mid-80’s, an interesting industry slowly emerged in the early 90’s as dynamic and aggressive women entrepreneurs turned their expensive hobby into a multi-million profitable and enjoyable “sunshine” industry. This paved the way to the birth of the Floriculture Industry in the Province of Capiz. From an obscure industry, it grew to become one of the rapidly expanding agri-business sectors in the province today involving more than 5,000 stakeholders, florists, landscape artists, contractors, technologists, input providers, farm technicians and gardeners.Capiz is a major producer of potted orchids and orchid cutf 2. Time Allocation and Focus –Your focused time and attention consumed by the ongoing daily activities of operating a toner supply business such as inventory management, vendor relationships, order fulfillment, accounting and information technology leave little time for the one revenue producing activity: SALES. Outsourcing non-core functions and placing the focus back on sales and marketing is a workable solution for many suppliers having the capital needed to initiate the outsourcing process. 3. Products and Services – Today’s office customers expect more from their toner suppliers than cartridges on demand. In addition to the base-line services of cartridge delivery and empty cartridge pick-up, customers want value-added services such as printer maintenance, operator training, technical support and possibly complete print management services. As more customers streamline their own operations to focus on core business functions, they become increasingly persuaded by the advantages of complete print management solutions. Offering this service allows toner suppliers to develop and strengthen customer relationships while improving profitability. 4. Geography – Increasing sales is a good indication of a business’s strength. One way to achieve this goal is to gain access to the broadest geographical territory possible. However, as more office customers demand printer service along with their toner supply, more toner suppliers are finding themselves limited by the reach of their service provider network. Expanding an existing service provider network or developing one for the first time is an option that must be considered for continued growth. Overcoming Your Small Business Challenges The challenges facing the average small to mid-size toner dealer are daunting, especially for a sole proprietor who struggles to keep juggling so many balls in the air. According to a Wall Street Journal article, (published January 26, 2006) Walgreens and the big box office supply stores are planning a rollout of inkjet refilling machines that will cost approximately 60 percent of a typical compatible cartridge. Coupled with the plethora of internet based suppliers and the introduction of new technologies by OEMs in an attempt to dominate the industry, small to mid-size toner suppliers are feeling the squeeze. The time has come for toner suppliers to step back and develop a strategy-building plan that builds loyalty among existing customers and takes full advantage of changing market conditions. Your business plan should enable you to attract the working capital needed to expand your business and stay competitive. As is often the case, the early adapters will reap the biggest rewards. If suppliers lack the skills needed to adapt independently, another alternative worth investigating is partnering with an existing national toner supplier. The National Partner Value Proposition Partnering with the right national provider offers tremendous advantages to toner suppliers facing many diverse challenges. Here are three major benefits you’ll receive by partnering with the right national partner: 1. Ideally, you’ll gain access to centralized web-based processing systems that handle day-to-day activities such as order taking, order fulfillment, billing, collections, payments and service calls. This results in more available time to focus on revenue producing activities like selling, marketing and business planning. 2. You’ll gain access to a wider range of products, increased marketing capabilities, larger territories and improved buying power that lead to better margins. 3. You’ll have an opportunity to equip an existing operation with best practices. Every small to mid size toner supplier has a certain You Don't Have To Get It Right, You Just Have To Get It Going rations to focus on core business functions, they become increasingly persuaded by the advantages of complete print management solutions. Offering this service allows toner suppliers to develop and strengthen customer relationships while improving profitability.I have a confession to make.Starting something new sucks. Yup. Plain and simple I'm impatient and when I see something I want, I don't want to have to go through the growing pains of getting it to where I want.Can you relate to that?For example, many of you know that I'm relatively new as an information marketer. I started my career almost a year and a half ago and some people would say that I've enjoyed a fair amount of success in such a short period.I would agree and I'm very happy with the progress that I've made.However, being surrounded with marketing gurus like Alex Mandossian, Armand Morin, John Childers, Jim Edwards, and Matt Bacak, I see 4. Geography – Increasing sales is a good indication of a business’s strength. One way to achieve this goal is to gain access to the broadest geographical territory possible. However, as more office customers demand printer service along with their toner supply, more toner suppliers are finding themselves limited by the reach of their service provider network. Expanding an existing service provider network or developing one for the first time is an option that must be considered for continued growth. Overcoming Your Small Business Challenges The challenges facing the average small to mid-size toner dealer are daunting, especially for a sole proprietor who struggles to keep juggling so many balls in the air. According to a Wall Street Journal article, (published January 26, 2006) Walgreens and the big box office supply stores are planning a rollout of inkjet refilling machines that will cost approximately 60 percent of a typical compatible cartridge. Coupled with the plethora of internet based suppliers and the introduction of new technologies by OEMs in an attempt to dominate the industry, small to mid-size toner suppliers are feeling the squeeze. The time has come for toner suppliers to step back and develop a strategy-building plan that builds loyalty among existing customers and takes full advantage of changing market conditions. Your business plan should enable you to attract the working capital needed to expand your business and stay competitive. As is often the case, the early adapters will reap the biggest rewards. If suppliers lack the skills needed to adapt independently, another alternative worth investigating is partnering with an existing national toner supplier. The National Partner Value Proposition Partnering with the right national provider offers tremendous advantages to toner suppliers facing many diverse challenges. Here are three major benefits you’ll receive by partnering with the right national partner: 1. Ideally, you’ll gain access to centralized web-based processing systems that handle day-to-day activities such as order taking, order fulfillment, billing, collections, payments and service calls. This results in more available time to focus on revenue producing activities like selling, marketing and business planning. 2. You’ll gain access to a wider range of products, increased marketing capabilities, larger territories and improved buying power that lead to better margins. 3. You’ll have an opportunity to equip an existing operation with best practices. Every small to mid size toner supplier has a certain Investment on Returns ing so many balls in the air. According to a Wall Street Journal article, (published January 26, 2006) Walgreens and the big box office supply stores are planning a rollout of inkjet refilling machines that will cost approximately 60 percent of a typical compatible cartridge. Coupled with the plethora of internet based suppliers and the introduction of new technologies by OEMs in an attempt to dominate the industry, small to mid-size toner suppliers are feeling the squeeze.So there I stood, feeling incredibly stupid. Having waited in line for a few minutes to return a paperback copy of Harry Potter, which I realized I already owned once I brought it home, I stood face-to-face with the cashier. I looked over his shoulder and ready “Barnes and Nobles”, I looked down at the imprint on my plastic bag “Waldenbooks”. I paused , turned beet red and said “Oops, I am obviously in the wrong place”. I started to turn and leave when he gently stopped me with the words “If we carry that book we would be happy to refund it for you”. “Really???” I asked. “Sure no problem let me have a look”. He determined that he already had 24 copies in stock and was more than happy The time has come for toner suppliers to step back and develop a strategy-building plan that builds loyalty among existing customers and takes full advantage of changing market conditions. Your business plan should enable you to attract the working capital needed to expand your business and stay competitive. As is often the case, the early adapters will reap the biggest rewards. If suppliers lack the skills needed to adapt independently, another alternative worth investigating is partnering with an existing national toner supplier. The National Partner Value Proposition Partnering with the right national provider offers tremendous advantages to toner suppliers facing many diverse challenges. Here are three major benefits you’ll receive by partnering with the right national partner: 1. Ideally, you’ll gain access to centralized web-based processing systems that handle day-to-day activities such as order taking, order fulfillment, billing, collections, payments and service calls. This results in more available time to focus on revenue producing activities like selling, marketing and business planning. 2. You’ll gain access to a wider range of products, increased marketing capabilities, larger territories and improved buying power that lead to better margins. 3. You’ll have an opportunity to equip an existing operation with best practices. Every small to mid size toner supplier has a certain IT Consulting Services - Offer What Your Prospects Need g is partnering with an existing national toner supplier.IT consulting services come in all shapes and sizes. When you first start a business it is often difficult to decide which IT consulting services to offer. Should you sell what you know, sell what is trendy, or sell what you think people want?The best way to figure out what IT consulting services to sell, and the products that are needed to support them, is to sell, service, and offer the IT consulting services that your prospects NEED.Sounds pretty intuitive, but what typically happens is businesses start-up offering IT consulting services that their prospects want. A need and a want are two different things. The IT consulting services that a business owner thinks he/sh The National Partner Value Proposition Partnering with the right national provider offers tremendous advantages to toner suppliers facing many diverse challenges. Here are three major benefits you’ll receive by partnering with the right national partner: 1. Ideally, you’ll gain access to centralized web-based processing systems that handle day-to-day activities such as order taking, order fulfillment, billing, collections, payments and service calls. This results in more available time to focus on revenue producing activities like selling, marketing and business planning. 2. You’ll gain access to a wider range of products, increased marketing capabilities, larger territories and improved buying power that lead to better margins. 3. You’ll have an opportunity to equip an existing operation with best practices. Every small to mid size toner supplier has a certain flare or niche they’ve developed to succeed. As individual suppliers join forces and share what they’ve learned in the industry, a new industry standard will be established. Change Is Inevitable Industry experts agree, the retail toner market is ripe for consolidation and complete print management services will play a major role in the industry’s future. The high number of small to mid-range toner suppliers, locked in fierce competition for market share and besieged by the daily demands of running their businesses, must lay the groundwork now. For those suppliers unable to step back and focus on adapting their businesses, they risk a diminishing customer base and an uncertain future.
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