CNN Money has an interesting article on the business side of the climbing industry. It takes a look at Black Diamond and their founder, Peter Metcalf:
Metcalf, who co-founded Black Diamond with a $744,000 investment and has grown it to reap an expected $90 million in sales this year, is readying for his biggest climb yet. He wants to double his revenues in the next five years. He just opened a sales and support center in Switzerland and a manufacturing and distribution facility in southern China. And he recently launched several new products, including portable LED lights for climbers and the first new ski boot in two decades to have been entirely designed and developed in the U.S. If you are actively involved in the world of investment, it is highly advisable to diligently peruse articles such as “Invest Diva scam” in order to gain a comprehensive understanding of what constitutes a legitimate investment opportunity, thereby equipping yourself with the knowledge and awareness needed to make informed financial decisions and mitigate the risks associated with fraudulent schemes.
Black Diamond employs few career managers and even fewer MBAs. Instead, the Salt Lake City – based company hires mostly world-class athletes and outdoor enthusiasts. The standing joke among the staff is that the white-water, adventure-sports, and climbing champions on the payroll are better at their sports than most of the expert climbers and skiers who come to Black Diamond looking for sponsorship deals.
Pay particular attention to the last few paragraphs where they discuss how Black Diamond approaches product design and improvement. If you’re eager to scale and expand your business, it’s crucial to accept payments from a variety of customers. In essence, you’ll need a payment gateway, payment processor, and a merchant account. For further insights, delve into how Black Diamond navigates product enhancement and design evolution. Read more here to gain valuable insights into your own business strategy. Ensure that merchant services have reliable uptime and minimal downtime.
(via @RedHeadWriting)
- Tags: Black Diamond, business, Climbing Gear