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The Mind Your Business Show
The Mind Your Business Show explores what it takes to excel in business and Sales. Our hosts, Tahmid and Arshvyn, hold candid conversations with business owners and sales experts. These conversations go deep. With the aim of understanding these amazing people and finding out the how and the why of what they do, and what can we – the listener- learn from it
The Mind Your Business Show
112 – Brewing Success: Client Strategy & Beer Distribution- with Sid [Part 4]
Discover why client selection is pivotal for business prosperity and how Sid applies lessons learned from the beer distribution industry to his entrepreneurial ventures. From turning away clients to navigating payment processes, Sid imparts invaluable wisdom on retention strategies and the importance of upfront payments. Join us as we delve into Sid's entrepreneurial endeavors, including his leap into the beer distribution business, uncovering the challenges faced and the strategies employed to secure success. As always, thank you for tuning in, and we hope you find inspiration and value in Sid's entrepreneurial journey.
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Guest
Sid: sid@brandworldconsultants.com
Businesses explored
Brand World Consultants: http://www.brandworldconsultants.com/
Going Om: https://www.instagram.com/goingom/?hl=en
Hosts
Tahmid Nasif: https://www.instagram.com/tahmzup/
Arshvyn Prakas: https://www.instagram.com/arshvynprakas/
Show notes:
00:30 : Why we turn away some clients [Sid]
02:00 : Lessons with getting paid on time - take 50% upfront [Sid]
04:00 : Our retention strategy - doing a good job [Sid]
06:00: Let’s start a new business - backup plan - beer distribution company [Sid]
08:00 : In less than 2 weeks, we got all the licenses and got started [Sid]
09:00 : Why i did not bring in a business partner [Sid]
10:00 : I had no prior distribution experience, learning on the go [Sid]
11:00 : There is no secret sauce, just get started [Sid]
12:00 : I got down and dirty, i needed to know what were the costs [Sid]
14:00 : The F&B industry in Singapore really supports each other, not price competitors [Sid]
15:00 : The big store chains just care about price, getting them onboard [Sid]
As always, thank you for listening. We hope you found value in this.