There are stores and there are stores. 3 main types have been identified: just Stores, Specialty and Markets.
The difference between all these 3 is both in size and direction. As a business person i identify them based on the objectives that the owner pursues.
STORE: One can pursue putting in everything that is sellable and make a cash flow but is there a profit in terms of sustainability? What sustains a business is its identity and the products they sell in it. The hurdles in this store type is continuity of products that have been chosen by the customers. If the manufacturer discontinues a product then the item needs to be replaced by another product. So looking out for what product is coming out is important and you will have to market it as well. This is usually done in conjunction with the manufacturer.
SPECIALITY STORE: Is a store that focuses either on one type of product or has a variety of products but under one name. The name and logo needs to attract attention? Yes and No but it helps. A message can also be used to promote the brand. Inventing new words is just as complex as inventing a brand name, the acceptance of anything takes time. Can those who have specialty stores sustain the business before it starts making returns? Maybe yes maybe No. Resilience is the key to success.
For some to develop their own product is a hassle and they want it quick, but i am the inventor type so for me to design and build is a joy. Is this New or Invented? Why is there No automatic English to Pidgin language converter? Ah I forgot pidgin is a spoken slang! Can we make a dictionary? Where do you get help?
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