small business interview
TRANSCRIPT
Small Business InterviewBy: Kyle Shapiro
Nichols College
Business & Society
9:25 Monday & Wednesday
Small Business Company Name: Greco Apparel Joe Greco- Owner Met this business owner because my mother works for him
Company Description Sole Proprietorship- chose this because it was a family
business What They Do
- Manufacture clothes for the uniform industry. Have been in Business for 52 years
Background Great grandfather was a custom tailor for men's clothing Joes father opened up Greco apparel with the knowledge
leaned from his father Started the business to provide better clothing and prices Joes training consists of a BBA from George Washington The company was a family business so already had a ton of
experience from growing up
Success/Challenges Success
Steady clients Good vendors Friendly, Knowledgeable, and hard working staff
Challenges Companies buying less Bad economy Competition of outsourcing
Most Challenging Part Keeping clients happy Providing them with on time delivery as well as exactly what
they asked for Doing all this also keeping the price competitive while also
keeping up the quality These challenges were overcome by bringing in more
business to make up for the loss
Critical Success Factors Listening to clients Changing to fit there needs Communicating Providing everything from the initial meeting until the end
“Full Service”
Fatal Flaws Customer Loyalty Price Driven Companies constantly changing there minds
Future Expand the company More production in the US. Tap into other markets besides just uniforms Diversifying the Products
Interesting Questions What did you learn in Business school to help you with
clothing? Does the clothing industry open up any other doors? If you could start over would you be doing the same thing?
Advice A little advice for the class
Always stay ahead with your work Read everything including potential deals and services Be willing to take risks
Summary I learned that takes a lot of dedication and time to run you
own business. But in the end of the day if your happy doing what you want your in the right place.