Competition

Bed in a Box

From jsonline:  http://www.jsonline.com/story/money/business/2017/05/05/wisconsin-mattress-makers-arent-sleeping-bed—box-trend/101343412/

“Across the United States, a few internet-based startups and their scores of imitators have shaken up the bedding world.”

“Aided by machines – some of them made in Wisconsin – that can squish a king-sized mattress pancake-flat and roll it up like a sleeping bag, the bed-in-a-box business has emerged as yet another challenger to traditional retail.”

Competition will always exist in one form or another. In our  business it would have been another local business. The internet has changed all of that.

We were very good at selling bedding and had good suppliers so we were confident in the product. Selling online is somewhat different as the customer can’t touch the product….yet a market segment is comfortable with buying unseen on the internet.

While it may be  a challenge to compete in a changing market….innovation may be expanding the entire market….the key strategy is how to take advantage of that larger market.

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Subs

The 10 Best

Recently Mlive conducted a search for the best sub sandwiches in Michigan:  http://www.mlive.com/dining/index.ssf/2017/05/michigans_best_sub_sandwich_th.html#incart_special-report

The winner was Alcamo’s Market in Dearborn, MI.

What are the business lessons learned from the sub competition besides being a great sandwich?:

  • They are family businesses
  • Many have been in business for decades
  • All provide an excellent product at a fair price

and (as all the others) at Ventimiglia Italian Foods “We don’t cut corners. We do things the right way,” the owners said.

Sound business lessons from a local sub shop

Note: #4 was Fatty Lumpkins in Muskegon!