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8 Replies Last post: Oct 5, 2009 4:20 PM by LUCKIEST

Change in direction for my business??

Oct 4, 2009 8:07 PM

Click to view maverick218's profile Professional maverick218 3 posts since
Oct 4, 2009
Hi all,
I'd like some advice; I own a store that is an authorized retailer for one of the major cell phone companies in the U.S. I'm growing very tired of them telling me how to run MY BUSINESS (we are not a franchise), when they give me nothing but the "honor" of having one of their signs over the front door, and the priviledge of buying my phone inventory from them.
I really enjoy the wireless business, but I've been in it a total of 12.5 years and wonder what I have to show for it all. I have a great location with 1 1/2 years left on my lease, so I'm thinking of trying a change of direction for my business. Does anyone have any advice on my new direction? I have accounts with vendors for inventory in the wireless industry, as well as electronics. Obviously, the economy has to be taken into consideration. If anyone has any ideas, I would really appreciate it.
Thanks in advance.
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Click to view FreeWorld's profile Authority FreeWorld 5 posts since
Sep 1, 2009
1. Re: Change in direction for my business?? Oct 4, 2009 9:48 PM
Inventory is some thing I don't like to deal with. I'm also doing Wireless cellphones business, a dealer for all major cellphone companies. But I do my wireless cellphone business from my online store which is free to join. all you do is to book in the orders.
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check it out.

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Click to view LUCKIEST's profile SCORE LUCKIEST 7,926 posts since
Aug 6, 2007
2. Re: Change in direction for my business?? Oct 5, 2009 11:34 AM
Change in direction for my business, Welcome

Advice is FREE. Go to Members page and share some info.

A good business plan would help. The plan is like a road map to success
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Click to view maverick218's profile Professional maverick218 3 posts since
Oct 4, 2009
3. Re: Change in direction for my business?? Oct 5, 2009 12:19 PM
in response to: LUCKIEST

Luckiest,

Thanks for replying- I have a business plan; I've been open for over 5 years (I don't think I made myself clear), that's why I was brainstorming for "a new direction".

Click to view Iwrite's profile Mogul Iwrite 1,100 posts since
Dec 29, 2007
4. Re: Change in direction for my business?? Oct 5, 2009 1:46 PM
in response to: maverick218
Maverick,

We could suggest businesses but we would be doing so from our perspective. We don't have a good enough picture as to who you are or what you want to do other than sell phones. I work in advertising but I would not suggest you get into advertising unless you have a strong interest in it.

Since you have the experience with cell phones could you move to more of a consultant role? Think about it, individuals and companies buy phones and plans but really struggle to find what is the right phone and plan for them. You could market your company as the source for unbias information - you sit down with a person, asked all the right questions, and then you research and present them with a couple of options. This would be a move more towards the service end of what you are already doing. Your website could enhance the business because it would allow you to help clients where ever they are. You could host classes and seminars at your store on getting the most from a phone and plan.

I think you could fill a hole that most folks aren't even thinking about - look at the success of Consumer Reports. I don't know why car salespeople don't do this for the car buying process?

Granted this isn't much but without more information from you, I'm flying blind here. That is why Luckiest asked you to fill out your information. The more we know the more we can help.

That being said I hope I added something to the conversation.
Click to view maverick218's profile Professional maverick218 3 posts since
Oct 4, 2009
5. Re: Change in direction for my business?? Oct 5, 2009 2:47 PM
in response to: Iwrite
Iwrite,
Great idea, that's what I'm looking for- I'll update my profile so it will help understand my background.
Thanks
Click to view Iwrite's profile Mogul Iwrite 1,100 posts since
Dec 29, 2007
6. Re: Change in direction for my business?? Oct 5, 2009 3:06 PM
in response to: maverick218
You're welcome.

I am not sure how you charge for your services but you have a better idea of what the market will bear. If you do this, capture as much information as possible form people so that you can stay in touch, offer specials, and advise them when their contracts are close to expiring. Imagine how busy companies can keep you - small and medium businesses could save a lot of time and energy.

Maybe draw up a survey and ask people as they come into your store if they would be interested in this service, and how much they would be willing to pay?
Click to view Iwrite's profile Mogul Iwrite 1,100 posts since
Dec 29, 2007
7. Re: Change in direction for my business?? Oct 5, 2009 3:07 PM
in response to: Iwrite
I meant to use the word "from" instead of "form" in the second sentence.
Click to view LUCKIEST's profile SCORE LUCKIEST 7,926 posts since
Aug 6, 2007
8. Re: Change in direction for my business?? Oct 5, 2009 4:20 PM
in response to: maverick218
Change in direction for my business

It is great that you have a business plan. Have you updated the plan recently.
The following is the text book definition of a business plan.
the plan serves as an assessment TOOL for you the OWNER. As you update the points of the plan, you will have to reaffirm the viability of your ideas.

As you brainstorm for a new direction, the plan will help make sure that both you and the business are progressing in the new direction.

Good luck
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