Black Entrepreneur Blueprint: 102 - Jay Jones - Cutting Out The Middleman

BLACK ENTREPRENEUR BLUEPRINT

Jay Jones

Blackenterprise, Blackbusinesspodcast, Bestblackpodcast, Marketing, Entrepreneurship, Blackinterviews, Blackentrepreneur, Africanamericanentrepreneurs, Blackentrepreneurinterviews, Blackentrepreneurblueprint, Blackpodcastshows, Business, Blackbusiness, Jayjones, Africanamericanbusiness, Africanamericanbusinesspodcast, Denniskimbro

4.8 • 673 Ratings

🗓️ 27 June 2016

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Cutting Out The Middleman"

Why do we always have to go through a middleman to get our products or services we sell for our business? Join Jay as he discusses the benefits of cutting out the middleman and going directly to the supplier or manufacturer to reduce your costs, and increase your profits. This is a must listen episode.

Transcript

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0:00.0	Hello and welcome to the Black Entrepreneur Blueprint Show.
0:21.4	I am your host, Jay Jones.
0:24.4	Black Entrepreneur Blueprint was created specifically to educate and inspire black entrepreneurs to launch, build, and grow successful businesses.
0:35.6	Join us as we help build an economic power base in the black community by promoting business
0:41.4	ownership.
0:42.7	If you are currently an entrepreneur or want to be an entrepreneur, we invite you to join
0:48.6	us every week here at Black Entrepreneur Blueprint.
0:59.3	Thank you. Black Entrepreneur Blueprint. Welcome to the Black Entrepreneur Blueprint, episode number 102.
1:06.3	I'm your host Jay Jones, and today we have an outstanding show and stored for you.
1:11.9	Today's show topic is called cutting out the middleman.
1:16.7	And as an entrepreneur, we all understand that the more middlemen you have between you
1:22.8	and your product or service, the higher cost it's going to be for you, which in turn erodes your profit.
1:31.4	So one of the things that we have to do is to learn how to cut out the middlemen and get directly to the source.
1:39.4	That guys is actually the second best solution.
1:43.2	The first best solution is to control the supply chain
1:46.9	or being able to control the vertical and keep the money either in our own pockets or in the
1:52.2	black community's pockets and let me just digress a bit and I'm going to talk about
1:58.0	controlling the vertical first and then I'm going to talk about
2:01.8	cutting out the middleman, which is the second best solution.
2:05.0	But just to give you the definition of controlling the vertical first, I'm going to use the
2:10.8	example, which I've used on several occasions about a Chinese restaurant.
2:16.8	So controlling the vertical basically means controlling the supply chain.
	...

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