What are some "rules" you follow or important skills for a buyer for a business to have? I have to write a paper.

Identify suitable suppliers/manufacturers
Manage stock levels
Negotiate prices, quantities and delivery times

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1. Being able to properly size the market, especially the amount of frequent repeat customers.

2. Understanding the supply chain.

3. Understanding how to add and delete products and/or services over time. For example, should TSam get into catering if it requires delivery?

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

As an old example of my point #2, many of my dad's purveyors used to have a minimum delivery size, or product size was too big. So sometimes he'd just stop at the old Dominick's on South Blvd in Evanston and load up on sale items. For example, if canned corned beef hash was on sale, he'd buy 30 cans. Or if he was there and saw fresh chicken legs on sale, he'd buy enough to make two days' worth of specials.

Today, he'd be doing that at Sam's Club or Costco instead.

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

make sure you have insurance

I wonder how many of the hundreds/thousands of businesses that were looted and destroyed actually welcomed the "Greek lightning?" because they were just hanging on but were well-insured.

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13

I wonder how many had their business well-insured but after the Covid-related controls were put in place might've backed off their coverages or even possibly 86'ed it altogether.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Yeah, that would suck.

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1. Make sure you have a messageboard genius group available to write your paper for you;

2. See item 1;

3. Fresh Donuts.

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We Now Know That JOE BIDEN has been COMPROMISED by CHINA! (let that sink in)

Election 2020-The Largest Fraud in the History of Mankind.

*If you believe that Biden won, you also believe that Epstein killed himself*

What type of business is it?

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You know me like that.

she hasn't figured out the cost yet.

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

Food svc. It wouldn't have to be that specific. I'm done with this one but I think I'l have 8 or so of these. I'm sure I'll ask for more advice. I know nothing about business.

If you want to help with my semester project, it's planning an elegant party for 200 people with specific cost restrictions.

Hookers?

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

Do you have access to power outlets?

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

data modeling and time series analysis

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It is amusing how dumb "smart" people can be.

You managed a home and raised children for years.

It's phenomenal experience that naturally translates to business.

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I liked bigfan's suggestion to gain control of the underlying land either through purchase or an option

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

And prospecting.

I found logistics to be the biggest factor for me. If they could manage the pipeline, get me shit when they said so, manage the truckers, etc. that's mostly what I cared about. Running out of inventory and shutting down a plant was 1000X worse than saving a few bucks here or there.

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Reality is your friend, not your enemy. -- Seacrest

This.

Also, on the people side:
*Hire the right people and let them do their job.
*Inspect what you expect. What gets measured gets done.
*Be consistent.
*Don't make every decision. Punt that football back to the person closest to the problem. "What would you do?"
*Keep your family out of it.
*Don't try to teach ducks to climb trees. It will frustrate both you and the duck. In other words do not waste your time on people who cannot or will not do the job.
*Be accessible. Ask questions. implement suggestions.
*Don't force "the customer is always right" myth. It's not true and only hurts your credibility with those that deal with customers. The customer may not always be right but they will always be well served.

I could go on...

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"I honestly don't see a good bet on the board here."

once you get the customer's money, shit on the customer.

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Spaulding, what did you get on the paper?

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"When people want their version of the truth, they go find it, no matter how baseless their beliefs." -- Ken Rosenthal

Wow.
She ain't gonna sleep with you dude.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Make sure the jerseys are cheap and high quality when they fall off the truck.

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Sherman remarked, "Well, Grant, we've had the devil's own day, haven't we?" Grant looked up. "Yes," he replied, followed by a puff. "Yes. Lick 'em tomorrow, though."