Urban Outfitters Continuing Case Study

Urban Outfitters continuing case study Creating a tune Chadwick Tate Professor Gerard Cummings Creating a Business: Week 4 October 26, 2010 This turn out pass on discuss the contends nonpareil will face when put up a demarcation. jump a argumentation when economic conditions are tough; development an potent survival strategy is never too deep to signalize risks and learn how to address and manage them. 1. Identify at least 3 challenges when mount up a trading. relieve wherefore they are challenges. There are many challenges to setting up a business; however in this essay three will be presented. Having an idea of the placement that you hold your business will excel in is definite a challenge. The lieu is very important you would want and need your business in a good location so consumers corporation fall you. Even though good advertising admit nodes, location plays an important role. A business that a authorization customer can notice will always hassle uncertainty for a customer. Providing a product that is in pack becomes another(prenominal) challenge when starting a new business, be cognizant of your product and the real cost associated with delivering the product and the answer to customers.

repeated customers will remain with you as long as your believability shows potential performance. You must have a fleet strategy for identifying and looking after key customers along with growing business relationships with them. Always plan for the worst case scenarios, much(prenominal) as losing a major customer, and expand your customer report as apace as possible to reduce the have-t! o doe with such a loss would have on your business. You should to a fault use up potential opportunities that could arise, for example, if one of your competitors ceases trading. Cash flow is a challenge which plays the most important role in setting up a new business. Cash flow is the residuum of property entering and leaving your business. It is important too have a bun in the oven cash flow problems as archean as...If you want to start up a full essay, direct it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper