Big Business for Small Company

Entrepreneur

I doubt there’s a business owner available who does not believe that the large guys-the Fortune 1,000 companies-get all of the benefits at times. Banks, suppliers, potential employees, all need to be believing that a small company will be for sale lengthy enough to settle the bills. So, after i meet a business owner whose mission would be to save small company proprietors money, they’ve attention.

Jose Li spent years managing shipping being an executive for that Jamba Juice retail chain. His time at Jamba Juice was adopted with a six-year stint with FedEx, where he was hired as Principal of Retail and eCommerce. This Year he left to produce a technology company made to save small companies shipping expenses.

At Jamba Juice there have been 2½ people handling logistics for 450 stores. Jose had numerous suggestions for financial savings, but no sources. One particular idea ended up being to track late shipments by FedEx and UPS and ask for refunds. According to guarantees provided by both shipping giants, some-7% of overnight shipments and a pair of-4% of ground shipments that don’t arrive promptly be eligible for a a complete refund.

While at FedEx, Li observed that giant corporations were getting refunds for late shipments simply because they had employees and sources to dedicate to such matters and new companies were launching to assist them to carry it out. Also, he observed that less small companies could perform the same. That which was missing of these small companies was effective software that managed to get easy to allow them to track their refund possibilities.

It was the muse behind 71lbs -produce a fast, easy, and automatic method for small companies to understand individuals refunds.

Shipping is a huge expense for eCommerce companies. Based on Li, Founder and Chief executive officer of 71lbs.com, shipping expenses for small companies average 10% of sales. In 45 seconds, he is able to lower individuals costs by 5%, by tracking late shipments by FedEx and UPS and discussing the refund using the business. That’s an excellent return promptly!

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