Joel Klippert is the entrepreneur of a small business and he says that he pays himself last, after he pays his vendors and employees. Yes, I agree with Joel Klippert payment priorities. It’s the best way to develop his small business and get trust from stockholders. In addition to this, he can set up his small business on a strong foundation. Once he built trust, the business can avoid challenges that he could face from the vendors and employees.
When vendors get paid for what they have supplied, they are always ready for the next order of supply. They are working to get money, the money they get paid is the revenue and it needs to run their business. If they don’t get paid on time for their supply, they would stop supplying inputs for Joel’s …show more content…
Having a recycled paper and changing it into a super strong skateboard ramps is one present of technology by itself. Producing one product and make it available to consumers needs better technology. Klip Tech improves the traditional way of production of skateboard ramps through a technological process which is eco-friendly production. And having a website would help Klip Tech(http://kliptech.com) to connect with its customers directly and it will help it to know its customer's needs and can get customers comments and review about the product and related issues, therefore it helps Klip Tech to improve and update its product based on customer needs. The good economic environment of the country has its own impact on the success of Klip Tech small business. Countries economic status has effects on business, on peak or prosperity period individuals are willing to spend their money to buy products and services and it lead businesses to make a profit and sustain on the market. Financial input is one factor of production, when a country is on prosper period the flow of money on the market is smooth and it is one input of business, without finance Klip Techs plan would remain just a dream.
The competitive environment would be the most challenges of Klip Tech in the next few years. Producing skateboard ramps and kitchen countertops from recycled materials is a unique product of Klip Tech for now. Consequently, it makes its own market. Klip Tech makes its own market because no one else was making such products from recycled paper. In the long run, other producers will produce the same kind of product with better innovation, quality, and price and will take or share Klip Techs market
When vendors get paid for what they have supplied, they are always ready for the next order of supply. They are working to get money, the money they get paid is the revenue and it needs to run their business. If they don’t get paid on time for their supply, they would stop supplying inputs for Joel’s …show more content…
Having a recycled paper and changing it into a super strong skateboard ramps is one present of technology by itself. Producing one product and make it available to consumers needs better technology. Klip Tech improves the traditional way of production of skateboard ramps through a technological process which is eco-friendly production. And having a website would help Klip Tech(http://kliptech.com) to connect with its customers directly and it will help it to know its customer's needs and can get customers comments and review about the product and related issues, therefore it helps Klip Tech to improve and update its product based on customer needs. The good economic environment of the country has its own impact on the success of Klip Tech small business. Countries economic status has effects on business, on peak or prosperity period individuals are willing to spend their money to buy products and services and it lead businesses to make a profit and sustain on the market. Financial input is one factor of production, when a country is on prosper period the flow of money on the market is smooth and it is one input of business, without finance Klip Techs plan would remain just a dream.
The competitive environment would be the most challenges of Klip Tech in the next few years. Producing skateboard ramps and kitchen countertops from recycled materials is a unique product of Klip Tech for now. Consequently, it makes its own market. Klip Tech makes its own market because no one else was making such products from recycled paper. In the long run, other producers will produce the same kind of product with better innovation, quality, and price and will take or share Klip Techs market