Brandon Frere on What It Means to Have a Vending Machine Like Business

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Oct 09, 2018, 05:00 ET

PETALUMA, Calif., Oct. 9, 2018 /PRNewswire/ -- How is a business like a vending machine? It's not necessarily a riddle, but something to consider when thinking about how versatile a business model is. Brandon Frere, successful entrepreneur and CEO of several companies, coined the term recently when talking about business models and adapting them to suit a company's needs.

In what ways might a business be like a vending machine then? A vending machine is something that is set up specifically for each place, filled with what the buyer wants it to be and can be changed to suit changing needs. A vending machine-like business model will be able to function similarly. It will be able to take most business types, make a few minimal changes, and be able to function when someone gives it power. Tools like Salesforce can help a business achieve that for when a business owner is ready to expand into other fields. Because that's another way business is like a vending machine; it needs some tools to set it up properly, and innovation keeps the vending machine relevant.

Another note to keep in mind, though, is that unless that vending machine is properly adjusted and worked on, it won't operate no matter how it's filled. "No business has an out of the box answer, except maybe retail," said Frere. Bringing together all the techniques and tools from one business and adapting them to new needs isn't a new idea, but thinking about it as a vending machine is a new phrasing that may give way to new ideas for other business leaders.

Utilizing different strategies for a business is part of strategic business planning. That vending machine business may need some maintenance here and there or to be upgraded entirely. But while it's there, it has as many uses as can be fit into it. A tactical entrepreneur will make use of what is at hand, and figure out how it can be utilized in other ways too, for the betterment of a business. "Imagine the future you want, but adapt to whatever comes your way," says Frere.

About Brandon Frere

Brandon Frere is an entrepreneur and businessman who lives in Sonoma County, California. He has designed and created multiple companies to meet the ever-demanding needs of businesses and consumers alike. His website, www.BrandonFrere.com, is used as a means of communicating many of the lessons, fundamentals, and information that he has learned throughout his extensive business and personal endeavors, most recently in advocating on behalf of student loan borrowers nationwide.

As experienced during his own student loan repayment, Mr. Frere found out how difficult it can be to work with federally contracted student loan servicers and the repayment programs designed to help borrowers. Through those efforts, he gained an insider's look into the repayment process and the motivations behind the inflating student loan debt bubble. His knowledge of the often confusing landscape of student loan repayment became a vital theme in his future endeavors, and he now uses those experiences to help guide others through the daunting process of applying for available federal repayment and loan forgiveness programs.

BrandonFrere.com

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