My family business. That is a used conveyor belts selling to locals like retail shop. Now I’m completed my MBA degree. And now I planed to improve the business. Suggest me a best idea
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Overall Score
The startup aims to improve the family business of selling used conveyor belts by leveraging the founder's MBA degree and potentially integrating technology to enhance operations and customer experience. This could involve creating a digital platform for sales, improving supply chain management, or providing value-added services. By doing so, the business can expand its customer base and increase revenue.
The family business faces challenges in scaling and modernizing its operations, limited by traditional sales methods and potentially inefficient supply chain management. The used conveyor belt market may have untapped potential, but without innovation, the business risks stagnation. Additionally, the lack of a strong online presence hinders the business's ability to reach a broader audience.
The startup's competitive edge lies in its ability to leverage technology to modernize the used conveyor belt market, potentially offering a more streamlined and efficient experience for customers. By focusing on a niche market and building strong relationships with suppliers and customers, the business can differentiate itself from larger, more generalized competitors.
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