Business

Saturday 18 November 2017

Andrew and Chiara's advice for new businesses

1 Don't put all your eggs in the one basket.

"It's important not to rely too heavily on one product, because you never know what can happen. It is best to try and spread your risk across different product ranges."

2 Ensure you have distribution contracts in place.

"Maintaining good relationships with manufacturers is vital. However, it is also important to have proper distribution agreements in place."

3 Keep innovating.

"You have to keep looking for new trends in the market and new products that might fit into your business. This will help you continue to grow and expand your business."

End.

Sunday Indo Business

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