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How young businesses compete in tough industries – Tipu’s Chai Inc. in Polson, Montana

Surviving in a small business during and after The Great Recession didn’t depend upon luck, especially if you’re in a large industry, such as beverage. Joseph Simrany, president of The Tea Association of the USA Inc. in New York City, estimates that teas will exceed $8 billion this year. What are small, young businesses there doing to assure viability?

John-Paul Lee, founder and CEO of New York’s Tavalon Tea LLC and Bipin Patel, founder and president of Tipu’s Chai Inc. http://www.tipuschai.com/ in Polson, Mont., compete with big players. Neither Lee nor Patel started flush. Six years ago, Lee sold his house and car, and liquidated his 401(k). Two years later Patel borrowed $25,000 from multiple sources, including relatives.

By Mildred L. Culp
[email protected]

Full Story: http://www.modbee.com/2011/11/06/1936454/workwise-how-young-businesses.html

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