Learn and Interact:

Now, create a similar flow for your etailing business.  Be able to answer these questions:

  • Who are your potential customers?

  • Where do you get raw materials?  Several suppliers? (Who are they?)

  • How do your suppliers get the raw materials they sell you?

  • What is their profit margin?  Can a similar product be found at a lower price?

  • How will you receive the raw materials needed?

  • How will you ship the finished product to the customer?

  • How will you handle a problem in the supply chain? (for example, lack of raw material)