Question QUESTION: 1-if I have a great knowledge in some issue (industry) also I enjoy it and interested in too , is that ll be sufficient motives let me open franchise in that issue ?
or
I have to have practical or market experience in that issue or industry before start a franchise ?
please give me your advices , commentaries
2- if I want to get an information about a specific product for instance (ear muffs) , I want to import it or has the license to distribute it in my local country
I want to know :
who import it ?
whats product models in the local market (I have catlogues for USA and CHINESE product it contain lot of models , those companies told me that they haven t an distributor on my local country , but that's not enough , I didn't know how can I make an investigation by asking radio shacks retails for products existence but that's enough , I need a method for investigation the market for this product , I want to be the only agent to import that , do you have suggestions (can I use the my local import/export trade official organization office )
wish to hear from you soon
thanks
ANSWER: PF,
You will need the first part, as listed by you
plus
You need to understand the market experience / practical exposure
before you buy the franschise.
AS AN EXAMPLE,
-McDonalds forces all the new franchise to undergo
*orientation.
*3 months on the job training, AS A STAFF MEMBER
-cleaning the floors
-serving the customers
-organizing the kitchen
etc etc
BEFORE THEY OFFER THE FRANCHISE.
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2- if I want to get an information about a specific product for instance (ear muffs) , I want to import it or has the license to distribute it in my local country
I want to know :
who import it ?
whats product models in the local market (I have catlogues for USA and CHINESE product it contain lot of models , those companies told me that they haven t an distributor on my local country , but that's not enough , I didn't know how can I make an investigation by asking radio shacks retails for products existence but that's enough , I need a method for investigation the market for this product , I want to be the only agent to import that , do you have suggestions (can I use the my local import/export trade official organization office )
FIRST,
IF you take an example like ''EAR MUFFS'',
-it is an ear protection safety products.
-it is used in industries like
*construction
*refineries
*fabrication shops
*panel beating workshops
WHEREVER THERE IS NON-STOP NOISE,
WHICH COULD AFFECT THE HEARING OF AN INDIVIDUAL.
-------------------------------------------------------------------------------------
SECOND,
-check with bureau of statistics [ GOVERNMENT ] in EGYPT,
they will have the import figures by product/ by country/ units/landed price.
-------------------------------------------------------------------------------
THIRD,
-check with the bureau of statistics--THE IMPORTERS,
the government department would know, as the importers submit
documents for making payments.
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FOURTH,
-check with the EGYPTIAN CHAMBER OF COMMERCE
-visit their library--COLLECT INFORMATION.
----------------------------------------------------------------------
FIFTH,
-check there is a branch of AMERCAN CHAMBER OF COMMERCE
IN CAIRO
-they have their library, with most of the informations.
------------------------------------------------------------------------------------
SIXTH,
-the major USA suppliers are MSA INTERNATIONAL
AND TYCO, BOTH SAFETY SPECIALISTS.
BUT 90% OF THEIR PRODUCTS ARE MADE IN CHINA ON CONTRACT BASIS.
some products are also made in UK/ GERMANY.
============================================
SEVENTH,
-there must be ''COMMERCIAL INTELLIGENCE'' companies
who could sell ready made reports, for a price.
==========================================
EIGHT,
-products like earmuffs are sold SAFETY HARDWARE SHOPS
AND ALSO SOME SELECTED BRANDS THRU CHEMISTS/ DRUGS SHOPS.
==========================================
LASTLY, your local export/ import trade office,
============================================
IT NEEDS AN ALROUND RESEARCH, AS THIS PRODUCT
IS NOT ALL THAT POPULAR/ OR WELL KNOWN.
YOU CAN ALSO RING SOME KNOWN COMPANIES' SAFETY
OFFICERS / TALK TO THEM.
THE FIRE-BRIGADE ALSO USES, AS WELL AS, THE ARMY.
===============================================
REGARDS
LEO LINGHAM
---------- FOLLOW-UP ----------
QUESTION: thank you for your rich answer
1- the safety industries unfortunately not highlighted here in Egypt or concerned ( I think government is responsible for that) the market of safety in Egypt is weak
2- I know with 75% that this products the only retail chain can be sold is (RADIO SHACK) , I think that they didn't need local agent or importer to buy from , I think they interact and deal directly with international companies so their is no chance for middle man
please comment
last thing
form your point of view is the which is the best enterprenur ?
who is the converter to any idea even if simple to reality and business without arrangement for instance ( someone work as an importer for rice then export bean then make small labeling factory etc.... simply involve in many activities or any activities
or
who concentrate in some sort of business all some sort of industry then enlarge his name in market also his relation also his experience after a few years he ll be in strength point and finance too , so in this moment can involve in many activities like stocks , investment ideas , ...... also he ll has the ability to hire many consultants and attorneys to deputize him
which is the better example from you pov - why ?
wish to hear from you soon
Answer PJ,
1- the safety industries unfortunately not highlighted here in Egypt or concerned ( I think government is responsible for that) the market of safety in Egypt is weak
[ IN EVERY COUNTRY, THIS SEGMENT STARTS FROM A LOW BASE
AND THEN GROWS FAST.
I COULD GIVE YOU AS AN EXAMPLE, IN AUSTRALIA
-the safety market was 80 million dollars in 1979
- the safety market in 2007 is 1300 million dollars.
AGAIN THE SAFETY MARKET IS MADE OF 300 ITEMS
-ear muff
-safety googles
-safety spectacles
-helmets
-gloves
-mouth guards
etc etc
======================================
2- I know with 75% that this products the only retail chain can be sold is (RADIO SHACK) , I think that they didn't need local agent or importer to buy from , I think they interact and deal directly with international companies so their is no chance for middle man
60% of the products are sold through the distributors/ retailers.
40% of the products are directly by
-fire brigades
-navy
-army
-airforce
-some mining cos.
===============================================
last thing
form your point of view is the which is the best enterprenur ?
who is the converter to any idea even if simple to reality and business without arrangement for instance ( someone work as an importer for rice then export bean then make small labeling factory etc.... simply involve in many activities or any activities
[ THIS TYPE OF ENTREPRENEURS ARE CALLED TRADERS.
TRADERS WILL BUY / SELL ANY THING TO MAKE MONEY.
THEY HAVE THE APTITUDE/ ATTITUDE FOR THIS APPROACH
AND THEY ENJOY IT.]
or
who concentrate in some sort of business all some sort of industry then enlarge his name in market also his relation also his experience after a few years he ll be in strength point and finance too , so in this moment can involve in many activities like stocks , investment ideas , ...... also he ll has the ability to hire many consultants and attorneys to deputize him
[THIS TYPE OF ENTREPRENEURS ARE CALLED INVESTORS.
INVESTORS WILL INVEST AND GROW THE BUSINESS.
OUT OF THE EXTRA CASH FLOW,
-THEY WILL INVEST IN NEW BUSINESSES, EMPLOYING THE EXPERTS.
-THEY WILL INVEST IN OTHER BUSINESSES, AND SEEK MANAGEMENT
CONTROL.
which is the better example from you pov - why ?
THERE IS NO SUCH THING LIKE
'' ONE IS BETTER THAN THE OTHER''.
IT IS ONE INDIVIDUAL'S APTITUDE/ ATTITUDE
THAT DETERMINE THE CHOICE/ SUCCESS.
=========================================
AS AN EXAMPLE
1.MR. WARREN BUFFETT IS AN ENTREPRENEUR
WHO IS A TRADER / INVESTOR AND IS WORTH 50 BILLION DOLLARS.
2.MR. BILL GATES IS AN ENTREPRENEUR,
WHO IS AN INVESTOR, WHO RUNS THE BUSINESS.
HE IS THE CHAIRMAN OF MICROSOFT CO. AND WORTH 48 BILLION DOLLARS.
===============================================
BOTH ARE GOOD ONES,
BUT IT IS YOUR APTITUDE/ ATTIUDE THAT
DETERMINES THE CHOICE AND THE SUCCESS.
=====================================
REGARDS
LEO LINGHAM
