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|Articles - February 2013|
|Monday, January 28, 2013|
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Lapchi — Tibetan for “abode of good energy” — wasn’t the first company to fashion a made-to-order rug. “But we were the first to create a business model based on custom,” says Smith. Lapchi dealers typically purchase just a few rugs in each style, allowing interior designers to then customize for size and color. The manufacturing takes place in Kathmandu, where 30 Lapchi employees oversee the production of the on-demand carpets. Depending on the amount of silk and “knot density” — knots per square inch — a 9-foot-by-12-foot Lapchi rug typically costs between $7,000 and $12,000.
By 2005 most high-end rug dealers had started to adopt the Lapchi approach. But if the company revolutionized the industry, the rug company is also an example of “be careful what you wish for.” Under the new model, dealers no longer need large amounts of capital to purchase hundreds of rugs up front. “We inadvertently demonstrated the barriers to entry were very low,” Smith says. Today, “there are 100 companies doing what we do.”
As competition increased, so did factory costs, which are 70% higher than 12 years ago, Smith says. The recession also hit hard. In 2011 Lapchi grossed about $5 million, down from $6.5 million in 2008. To stay competitive in a tight market, Smith and his partner, Salman Khan, are pressing ahead with new innovations, with a focus on leveraging the atelier concept into higher sales.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Thursday, June 26, 2014
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
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