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Mandy Racicot
Nichols College
MGMT 100-01
C-Corporation
                              
 They chose this so that their business
  would not be a part of their
  financials, the business would stand on
  its own.
 Selling Point-Of-Sale systems.
    Scanning systems for small or medium
     sized businesses.
    Allow retailers to get customers
     through check out quicker.
    Track customer and inventory
     information.
 30 years in business.
HOW STARTED-Used to work for another company selling
the Point-Of-Sale systems, after a few years, decided to start own
business.

HOW FINANCED-Financed by a small bank loan.

                               
WHY STARTED- Wanted to be independent. Have no boss.
WHAT TRAINING- Self taught, learning as going, plus the
experience from selling them with another company.

THEN TO NOW- More efficient. Less travel, more office work
thanks to technology. Demonstrations online instead of at customers
location. Can do more demonstrations per day.

Good customer base.
Recommendations from customers, upgrades on current
 hardware.
Personal freedom and working from home best benefits!
Making own hours, good for kids, and personal things.
Must stay up to date with business trends and be in contact
 with new prospects.
Attend tradeshows and seminars to keep up-to-date.
Doing mailers constantly to have names to new prospects.
CHALLENGES
                           
 Challenges have been business and economic changes
  over the years. When the economy is struggling, retailers
  are hesitant to spend money and upgrade.
 Most challenging thing is business changes, the
  competition, constantly being aware of new things.
 Technology changes so quickly its always a challenge to
  keep up.
 Learned to overcome this by working with other
  businesses like theirs, sharing ideas to benefit both
  companies.
 Fatal flaws are not constantly connecting with new
  prospects, having to constantly market and developing
  new ways to be noticed by more people.
WHO ARE YOUR TWO CLOSEST COMPETITORS?
Internet Sales and National Direct Sales

HOW DO YOU ACHIVE COMPETITIVE
ADVANTAGE?
Offering personalized service and support.

                        
HOW DO YOU SATISFY YOUR CUSTOMERS?
Good customer service.

HOW DO YOU BUILD CUSTOMER LOYALTY?
Being available when customers have problems.
STRATEGIES: Customer referrals and direct
             marketing.




            Staffing
 QUALITIES: Honest and hardworking,
                  knowledge of the
    business, diligent sales people.

   Planning to stay in business for the
           extended future.


  GOALS: Working hard, but enjoying
        freedom of working for
themselves, setting own hours, and living
        lives as they choose to.
YES
ACCOUNTING
         
  They do their own accounting.

           HOW?
Using QuickBooks Accounting
Software.
SUMMARY
                    
           ADVICE FROM THE TREMBLAYS
  “Find something that you like to do and turn it into a business.
    Start out small and grow the business with as little debt as
          possible. It’s so important to like what you do.”

 Make sure you know what you are doing. (experience)
 Family is more important then business.
 Try your best, there is always something more to be done, like
  in marketing.

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Value Proposition canvas- Customer needs and pains
 

Small Business Owner Interview

  • 2. C-Corporation   They chose this so that their business would not be a part of their financials, the business would stand on its own.  Selling Point-Of-Sale systems.  Scanning systems for small or medium sized businesses.  Allow retailers to get customers through check out quicker.  Track customer and inventory information.  30 years in business.
  • 3. HOW STARTED-Used to work for another company selling the Point-Of-Sale systems, after a few years, decided to start own business. HOW FINANCED-Financed by a small bank loan.  WHY STARTED- Wanted to be independent. Have no boss. WHAT TRAINING- Self taught, learning as going, plus the experience from selling them with another company. THEN TO NOW- More efficient. Less travel, more office work thanks to technology. Demonstrations online instead of at customers location. Can do more demonstrations per day.
  • 4.  Good customer base. Recommendations from customers, upgrades on current hardware. Personal freedom and working from home best benefits! Making own hours, good for kids, and personal things. Must stay up to date with business trends and be in contact with new prospects. Attend tradeshows and seminars to keep up-to-date. Doing mailers constantly to have names to new prospects.
  • 5. CHALLENGES   Challenges have been business and economic changes over the years. When the economy is struggling, retailers are hesitant to spend money and upgrade.  Most challenging thing is business changes, the competition, constantly being aware of new things.  Technology changes so quickly its always a challenge to keep up.  Learned to overcome this by working with other businesses like theirs, sharing ideas to benefit both companies.  Fatal flaws are not constantly connecting with new prospects, having to constantly market and developing new ways to be noticed by more people.
  • 6. WHO ARE YOUR TWO CLOSEST COMPETITORS? Internet Sales and National Direct Sales HOW DO YOU ACHIVE COMPETITIVE ADVANTAGE? Offering personalized service and support.  HOW DO YOU SATISFY YOUR CUSTOMERS? Good customer service. HOW DO YOU BUILD CUSTOMER LOYALTY? Being available when customers have problems.
  • 7. STRATEGIES: Customer referrals and direct marketing. Staffing QUALITIES: Honest and hardworking, knowledge of the business, diligent sales people.
  • 8. Planning to stay in business for the extended future. GOALS: Working hard, but enjoying freedom of working for themselves, setting own hours, and living lives as they choose to.
  • 9. YES
  • 10. ACCOUNTING  They do their own accounting. HOW? Using QuickBooks Accounting Software.
  • 11. SUMMARY  ADVICE FROM THE TREMBLAYS “Find something that you like to do and turn it into a business. Start out small and grow the business with as little debt as possible. It’s so important to like what you do.”  Make sure you know what you are doing. (experience)  Family is more important then business.  Try your best, there is always something more to be done, like in marketing.