August 7, 2006

Pet-toy maker learns by doing

Ed King, director of Small Business Services at Wayne State , is quoted in this article about a woman who started a business selling toys for pets. He says the safest thing for business persons contemplating overseas manufacturing is to have their product sent to a bonded warehouse. King also noted that this system allows customers to sign off on a product's quality before money is released to the manufacturer. While this process can add almost 5 percent to costs, it is a better alternative than being stuck with thousands of useless products.

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