Any person who is venturing out to establish his or her induce business will always be at risk. in that respect is always a chance that the business will not succeed. burn and Kinard had minimal risk when they decided to open their suffer business. Their lack of knowledge and realise with starting a business would be their largest risk. The start up fees was relatively inexpensive and they knew if it did not work out they could take their ingredients and their pots and go home. They did not take on to they took the risk and with the help form professionals, family and friends they are now successfully running their own business for four years. Based on their innovative efforts, Burns was a creative cook and love to entertain. She enjoyed experimenting with recipes. One day she stumbled upon a recipe for chips and after she tasted the chips she knew she could increase her own ingredients to make them taste better. She took her chips to a bridge nine-spot meeting and everyone enjoyed them urging her to start her own business.
Considering their business brook round, neither Burns or Kinard have had much experience or knowledge for running a business. This was one drawback that they would encounter. Burns and Kinard focused largely on the individuals who would be willing to apply more for a bag of chips that had an interesting flavor. There are many types of chips on the market, but Lotus Chips was invented to be a gourmet chip that would satisfy anyones pallet. Burns and Kinard showtime started their marketing research by using specialty stores to chatter how many similar products sold for and asked the store owners to carry their product. By investigating the competition and interviewing store owners they determined that the market already exists for their product. They packaged each flavor of...If you want to get a full essay, order it on our website: Ordercustompaper.com
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