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Peter – FS Administrator
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Hi Resigned,

Good advice from Ben. I agree with his idea contacting competitors to see if they are interested in taking on the business and/or stock. If there are existing businesses selling the same or similar products to the same target market, then they may well be interested in striking a deal with you.

From their point of view they’ll obviously want to make a profit, so if you can offer them quality stock at a discount then it could mean a good margin for them. Or perhaps they could sell your products on consignment and you share the returns?

I think having a few candid conversations with competitors to explore options might lead to some options that work for you and them.

It’s a tough spot, but it’s a good decision to have accepted where it is and to take action to resolve it. All the best!

Cheers, Peter