Small Business School
What makes this business work so well?
Small Business School Small Business Schoollast update: January 2007 Small Business School|Small Business School
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Overview Transcript Case Study Video
Busiest per transactions per day... How? Why?
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Change To Meet Demand
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HATTIE: Lots of change.

JOSE: A lot of change. I think that's one of the reasons that we've been able to grow the way we have, you know. We're ready for change anytime it happens. We have been able to be there and react fast.

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Transcript Segments
Small Business School
1. Small Business School Do What You Know
2. Do A Lot With A Little
3. Pour Your Earnings Into The Future
4. Speak Your Customer's Language
5. Hire People Who Want To Move Up
6. Inspect What You Expect
7. Change To Meet Demand
8. Increase Profit Margins With Private Labels
9. Enroll The Next Generation In The School of Hard Knocks
10. Put Others Ahead Of Yourself
11. Be A Team Player
12. Develop Core Beliefs
13. Use Technology To Dazzle Customers
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HATTIE: Talk to me about making your product, your selection, unique for the niche. How do you do that?

LUIS: Well, the selection--we have pretty much grown into the selection, always trying to keep up with new items. Trying to add--it's just like a trial, you know...

HATTIE: Trial and error.

LUIS: Yeah. Hit and miss. You bring new products. Some will work, some don't work. If you bring in a line and it works, then you try to expand on that category. So, you know, through the 30 years that we've been doing it, you grow into it. We have a little world of our own. Merchandising for us is totally different than merchandising for somebody in Georgia.

HATTIE: OK. Give me an example.

LUIS: It's kind of hard. There are so many products that for us, they're number one in the category. Once you step outside Dade County, those products don't sell.

HATTIE: Can you give me an example?

LUIS: A product like this for us in the powder category is, like, the number one. It's what we call a `loss leader,' where we hardly make any profit on it. And once you step outside Dade County, you can't hardly get this anywhere.

HATTIE: Well, what is it? Is it the smell?

LUIS: No, it's just--it's a real good product.

HATTIE: How come I've never heard of it?

LUIS: Really?

HATTIE: I haven't.

LUIS: Yeah, well, you know, because of the heat and the humidity down here...

HATTIE: Ah, lots of powder.

LUIS: Yeah.

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