ACCESS Newswire
13 Nov 2019, 22:49 GMT+10
HENDERSON, NV / ACCESSWIRE / November 13, 2019 / As the current CEO and founder of YBT Industries of Henderson, NV, Steven Odzer has over 30 years of experience in the distribution industry. 'I started my first company at age 18 out of my parents' basement,' he says. In 2000, he was named the Ernst & Young Entrepreneur of the Year in the area of distribution. Steven Odzer is someone who had a keen eye for business from a young age. 'I went to Yeshiva of Flatbush High School and then to the Brooklyn College Scholars program,' he says. With a lifetime of experience under his belt, he shares some tips for starting a distribution business.
Why is Distribution Important?
According to Steven Odzer, the distribution sector is an essential component of the supply chain. The main job of a distributor is to grow a relationship with manufacturers, house the inventory, and distribute the product to each retailer. Steven Odzer says that while manufacturers focus on production, the job of a distributor is to move the inventory and sort it out by individual orders.
Select a Niche
Steven Odzer says that selecting a niche is the first step for those who want to start a distribution business. Focusing on a narrow niche allows distributors to build better relationships with manufacturers and retailers. Those who have a broader business model often spend more time sourcing the products from manufacturers to deliver to the retailers. However, those who narrow their niche remove the added layers of sourcing extra products.
Focusing on Sourcing and Selling
Once they focus on a niche, distributors need to start sourcing and selling, according to Steven Odzer. The first step is to source the products by talking to manufacturers and building relationships. The second step is to build a strong catalog and encourage retailers to obtain the products through their distribution company, explains Steven Odzer.
When he's not busy growing his distribution business, Steven Odzer dedicates his time to helping worthy causes. 'I am a large supporter of both Jewish and non-Jewish causes,' he says. Steven Odzer is also a large supporter of Bris Avrohom, a large non-profit that helps Jewish immigrants from Russia integrate into life in the U.S. Steven Odzer also advocates for the Arab-Jewish business cooperation.
Steven Odzer also likes to prioritize spending time with his family. He has seven children and nine grandchildren who keep him on his toes, according to Steven Odzer. One of his favorite things he likes to do with his grandchildren is going to a New York Yankees game.
CONTACT:
Caroline Hunter
Web Presence, LLC
+1 7865519491
SOURCE: Web Presence, LLC
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...