Successful Enterprise

“The secret of a business is to know something that nobody else knows”

-Aristotle

            Successful business enterprise?  Let’s check it out what enterprise is it in our hometown.

Ferdinand multipurpose cooperative in our barangay is just one of those branches from the main cooperatives located in our neighbor barangay, barangay Ferdinand. The cooperative started in the year 1990 with less than 20 members contributed not less 300 pesos per member. The cooperative existed 26 years and is obviously have developments and improvements.

Prior to what they have achieved now the cooperative encountered problems not only in managing their inventories but also to their cashiers and sales ladies and men.  Accordingly there are not less than 10 cashiers have been replaced within 26 years. Now  if I am to judge how is the new cashier, I can say that she is better among those before her, she is serving for almost ten years now and making significant improvements such as recently the cooperative expanded their store and have a lot new items for sale.

Regarding their inventories problem the cooperative officers tried their best to manage their purchases and find ways to increase their sales per item using the strategy of lowering the price even if they only earn at least a profit of one peso item and that is accordingly an effective strategy.

Success is nothing without the cooperation of everyone and most especially the proper management of the managers or the officers.