My name is Daniel C.A, have read several brilliant comments of on this platform and please I need your advise.
Our company based in Prague is into marketing and sales of medical equipment but we want to branch into the cosmetic industry as beginners. We have very basic knowledge about the industry but our strategy is to start up through partnership with experienced companies in this simple manner:
We approach several contract manufacturers (with different categories of cosmetics and formulations) in Germany and Italy to sign an MOU as their affiliate, then we can go ahead to look for clients globally who wants a private label from either a ready made formulation or new R&D formulation. The manufacturing companies will handle the job of clients we successfully contracted and of course we define our commission. We want to start this way until we gain sufficient know how to launch our own manufacturing firm.
Based on your experience, how can you gauge the strategy,could there be certain instruments we need to put in place aside from mere agreements
Comments will be appreciated.