Tuesday, May 10, 2005

The need of Far East Distribution

Far East Distribution is a company idea conceived by some of my students, including Linh (pictured here with model Michaela, showing off some of Far East's proposed goods). Here are the vital statistics:

Mission Statement
We provide an efficient distribution channel for clothing items, between the United States and Vietnam. To our American customers this channel provides stylish, comfortable, and affordable Vietnamese clothing manufactured by small businesses. Our Vietnamese customers have, through us, access to affordable popular brands of stylish American clothing.
Business Strategy
  • Our management team is able to leverage its skill in several languages, including Mandarin, Hunan, and Vietnamese, to enter an international market. We have already established business contacts in the Saigon area.
  • We intend to approach mass merchandise chains in the USA, such as Macy's and Lord & Taylor, for in-store distribution agreements.
  • When a distribution system is set up between the USA and Vietnam, we intend to expand into China.
  • Our exit strategy is either to sell holdings to a larger company before Chinese or Vietnamese competition cuts into our market share, or remain in business with modest growth after four to five years if competition does no significant damage to our market share.
What they NEED is US $50K to make this happen. They believe they can break even inside of two years with this amount of investment, and I am inclined to agree -- provided they keep their team in place and move forward, come what else may.

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posted by Ron @ 5:55 PM

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