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Gen Z Entrepreneurs：Starting from “Retail”

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Episode 3 Starting from “Retail”

Ashely CHAN, an accounting student at university, has thought of doing business since she was small. Two years ago, she met a benefactor and took over a bagel workshop with a bargain price. As such, Ashley suspended study for a year and invested a total of $600,000, which was the prize money she won in an entrepreneur competition, all her savings and sponsorship from her family, into her business, and opened a shop in Tai Kok Tsui for retail business. The shop mainly sells bagels, while other healthy food options such as vegetable and fruit smoothies are also available. The pandemic came soon after the opening of the shop, raising the public’s awareness of healthy diet. The crisis in fact brought business opportunities. Rents plummeted under the pandemic, so Ashley seized the opportunity without hesitation to rent a property around 1 500 square feet in Prince Edward, aiming to establish a healthy food flagship store. How can Ashley put her ambitions into practice? In this episode, Edwin LEE, a startup consultant cum shop professional, is invited to answer Ashley’s question on expanding her business and franchising.

【Gen Z Meeting Room】
Entrepreneurs are worried that their businesses may not be profitable, and they are even more worried about scams and frauds. Being caught in business traps will not only cause entrepreneurs to lose money, but they may also be criminally liable. Swindlers employ numerous tricks. In this episode’s “Meeting Room”, Ricky SZETO, Chief Executive Officer and Executive Director of Hung Fook Tong Group, and Kevin SHEE, founder of SC Storage, are invited to share with us some common business traps in detail.
Category
문화 - Culture
Tags
bagel, common business traps, flagship store
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