Steven Odzer Offers Tips to Entrepreneurs on Starting a Business

LAS VEGAS, Dec. 31, 2019 /PRNewswire-PRWeb/ -- With over 30 years in the distribution business, Steven Odzer is providing real world insights into how one can become successful in 2020 and beyond.

Steven Odzer was named the Ernst & Young Entrepreneur of the Year in 2000. He's had a keen eye on the business at quite the young age.

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

Finding that niche is one of the most important steps an entrepreneur will tackle. Focusing on a narrower niche allows you to build a more meaningful relationships with retailers and manufacturers. Those with a broad model tend to waste more time sourcing products. Entrepreneurs with a more narrow niche remove that added layer when it comes to sourcing 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.

Steven Odzer also finds time in his busy entrepreneurial schedule to help causes that are meaningful. He's a large supporter of both Jewish and non-Jewish causes and a large supporter of Bris Avrohom, which is a non profit organization that helps immigrants from Russia integrate into the United States. He's also a large advocate for the Arab-Jewish business community.

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.

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.

SOURCE Stephen Odzer