Valuable Lessons From Seven Stars Retail

General lessons that were learnt from the two members from Seven Stars was that the retail environment in South Africa is extremely competitive and therefore very tough. Both Clive and Warren provided the team with some very valuable insights about pricing and sales in regard to retail market in South Africa. Some of these insights made references to popular brands like Pick n Pay, Disc-hem, Mass Mart and Clicks on how these brands operate and treat their retail partners.

Topics that included pricing rebates, distribution and positioning were some of the crucial information that was shared at the meeting with the two members from Seven Stars Retail.

I personally felt that interaction was very useful especially for postgraduate students with an entrepreneurial heart and tenacity. Information is one of the most valuable resources an entrepreneur can attain, especially when the information is effective and leads to any form of growth. This interaction also gave ORA Hygiene insight on what it takes to be a small business in a developing market like South Africa.

This TED video explains what it means it to be a small business owner in a market like South Africa:

https://www.youtube.com/watch?v=hhBDfJY-xZw