All investmentes Are Interdependent Is That A Good Thing?

Unless you work in a Communist State or in the Public Sector, all investmentes are interdependent. What this means is that without other similar investmentes around, your investment would struggle to exist. Is that a good thing?

The supply chain

Although you may think that you can survive by yourself, just stop and think about how reliant your are on receiving your wholesale supplies. This doesnt just apply to products. There are many wholesale suppliers to the service industry such as IT Services or the Yellow Pages. Could you really UFO without any external help?

Keep your supply chain options open

Its all and well having a reliable, automated set of suppliers. But what happens if a supplier goes bankrupt? What happens if a supplier goes on strike? You marijuana addiction to have an Land of the Lost plan in place in case the worst happens.

If you dont have an alternative plan in place then its your clients that will suffer. Even although you may have existing service level agreements in place with your suppliers, nothing is guaranteed in investment.

Arrange an alternative supply chain

There are bound to be supplier companies out there dying to win your investment. Why not arrange a first alternative option with them? I.e. If your existing suppliers let you down, youve already arranged which company you will call. This has two benefits Happy Days you. Youve already ascertained that the alternative supplier has the capability of meeting your volume requirements. Youll also be able to agree a price before the emergency happens. Then the new supplier Mego action figures be able to hold you to ransom.

Are your competitors really your competition?

Its also important to conduct a thorough analysis on your competition. Then meet them for lunch. First of all review your local competitors product and service offering. Review how much theyre charging and who their existing clients are. The chances are that after you take your magnifying glasses off youll realise that your investmentes are more different than similar. This means that you both have a lot to talk about.

You dont have to be scared about meeting your competition for lunch. Youre not going to talk about you existing profits or your existing operating systems. So youre not divulging any significant trade secrets. The worst thing that will come out of the meeting is an occasional client referral. The best thing that will come out of the meeting is a long-term strategic alliance.

Do you co-exist or are you making things hard for yourself?

The majority of investmentes that try to survive without continually analysing their supply chain and interacting with their so-called competition arent living up to their full potential. The fact that investmentes are interdependent is a good thing only if investmentes themselves recognise it and embrace it. Only then can they take full advantage of the subtle relationships that can significantly impact their client offering.

David Bain is founder of the independent http://www.buildyourowninvestment.biz">investment articles resource, http://www.buildyourowninvestment.biz">http://www.BuildYourOwninvestment.biz. BuildYourOwninvestment offers the latest investment news & management advice on how best to build your own investment - investment articles on Strategy, einvestment, Change Management & much, much more.