Small Business Weekly: An American Manufacturer Pays Workers Up to $50k A Year And How Thinking Small Got Rookie Entrepreneurs Out Of Debt

Most small businesses couldn’t afford to pay their workers this well so this is very interesting. Good business practices are being demonstrated here. Anyone thinking of starting a business should look at this. It seems to be doable but you have to know what’s already being done so you can emulate it in your own small business.

Key Takeaways:

  • While many manufacturers have shuttered or moved to China or Mexico, Craig Zoberis says his company is staying put in Illinois.
  • Put out of business by Chinese manufacturers, Gordon Styles went to China and started Star Rapid: “I bought a one-way ticket and I wrote a business plan to create another 3-D printing companyand traveled to China.
  • Applebee’s New York franchisee Zane Tankel, CEO of Apple-Metro, shrank the workforce at his 38 restaurants by some 15% over the past year – getting rid of some 500 workers.

“After Chinese Manufacturers Undercut His Business, Gordon Styles Decided To Start His Own Manufacturing Company In China.”

http://www.forbes.com/sites/tanyaklich/2017/01/10/small-business-weekly-an-american-manufacturer-pays-workers-up-to-50k-a-year-and-how-thinking-small-got-this-company-out-of-debt/

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