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Why can't Considered Co increase profitability by 200% in the next 12…
Why can't Considered Co increase profitability by 200% in the next 12 months?
Competitive Market (Product Offering)
High number of direct competitors
Low barriers to entry
Small scale e-commerce businesses
Limited technical skills
Low regulatory requirements
Limited capital
Bargaining power for buyers
Easier to compare prices
High level of substitutes
Products are easily accessible
Inefficient internal operations
Poor supply chain management
Inefficient packaging
15-20 minutes per order
Inefficient transport system
Long delivery times
COVID-19/Australia post
No contracts in place with suppliers
Unable to set minimum weekly orders
Lack of marketing
Limited marketing budget
Inefficient marketing tools
Small scale/new business
Limited offers/discounts
Unclear website
Lack of business model
Unidentified target market
Low-level priority
One full-time employee
Limited budget/capital
Lack of knowledge on various business models