There are so many
variables in the business world today that it is mind boggling.
Will quotas be
eliminated for textile/apparel on January 1, 2005?
Who will be the
President of the United States of America?
If it is a new
administration, will the Free Trade Agreements be changed drastically?
consolidation of the retailers make it more difficult for new vendors
to enter the marketplace?
consolidation of the factors make credit more difficult to obtain?
Will the bilateral
agreements allow us to export more of our product after January1, 2005?
Will the delays of
containers for security reasons cause havoc withchargebacks?
Will the new
California minimum wage of $7.25 cause high costs of goods?
Will the worker's
compensation program be further revised in time to save businesses?
Will the buyouts
of very famous brands at all levels compromise consumer acceptance?
California Labor Compliance Bill AB633 be monitored fairly?
rates start to rise and will the cost of money become an important
What effect will
the No Quota issue have on other countries economies?
What will be the
true cost of goods if quota is eliminated?
How does one plan
for the coming seasons?
Will the large
U.S. manufacturers start concentrating and consolidating their
Will the new
factories in China have high quality standards on which you can base
Will the EU
continue to apply penalty duties on apparel exporters?
Will you be able
to finance your business as you did previously?
Will the insurance
rates in all areas of business start to climb due to terrorism?
resource harassment or equal pay situations be a litigation heaven for
attorneys at the small business level?
Will the economy
continue to be on the upswing?
How does one get
How does one plan
and how far out?
What does one need
to execute the plan?
What systems or
infrastructure does one need to supervise the plans?
These are just a few questions that affect your textile/apparel business
We don't have a
crystal ball, but we do have over 100 years of experience in the
textile/apparel industry. We can guide you and help you reach your goals
and objectives. We have the Yankee Ingenuity and know how resulting
from hands-on experience.
However, as the
saying goes, we have the professional expertise to guide you to water,
but we cannot make you drink.
It will have to be a
team effort to set the priorities and implement the plans, knowing all
of the risk factors, to enable you to survive and prosper in 2005.
Bruce S. Berton is a business and management consultant with Stonefield
Josephson, Inc., a leading regional consulting and accounting firm with
offices in Santa Monica, San Francisco, Walnut Creek and Mexico City.
The information in this column is of a general nature. Readers
inquiries are welcome; and may be sent to Bruce Berton, at Stonefield
Josephson, Inc., 2049 Century Park East Suite 400 Los Angeles,
California 90067 310-432-7437 Direct 866-225-4511 Toll Free
310-432-7519 Fax Los Angeles Orange County San Francisco East Bay
Silicon Valley Hong Kong, or send an e-mail to: [email protected]