To understand the reason for the success and popularity of the 5S Hair factory, we need to know the development history of the factory. We will explore the CEO founder of 5S Hair factory and share his reasons and difficulties for establishing a hair factory.
CEO founder of 5S Hair factory
The founder of 5S Hair factory is Mr. Adam Smith, who is young and full of talent. Mr. Adam Smith was born into an artistic family. From an early age, he understood the importance of one’s beauty. In his viewpoint, hair greatly affects the overall beauty of a person, especially the face.
After studying at a famous university in Australia, he returned to Vietnam and worked in the stock market. However, then he realized his true passion in the field of beauty and founded 5S Hair factory.
5S Hair factory: Reasons for setting up a hair factory
According to Mr. Adam Smith, there are 3 main reasons why he started a hair business and established 5S Hair factory.
- Personal passion: Inheriting talent from his parents, he is very gifted in the field of beauty. As he understood the importance of hair to a person’s beauty, he began to switch from stock trading to hair business.
- Family’s support: Understanding his passion and hoping that he develops his inherited talent, his parents both encouraged and supported him to open a hair factory (5S Hair factory). This was a great motivation for him to pursue the hair business.
- High profit: The society is developing day by day, the quality of life is increasingly improved. This leads to an increasing demand for beauty, especially hair. Therefore, realizing the potential of the hair industry, instead of opening a business selling hair, Mr. Adam Smith decided to establish a hair factory called 5S Hair factory.
Initial difficulties of 5S Hair factory
Every newly established business will face huge obstacles and 5S Hair factory is no exception. According to Mr. Adam Smith’s share, at first, he was very confused about choosing the location to build the factory, lacking skilled and experienced workers in the hair industry and poorly accessing customers.
Location to build 5S Hair factory
Choosing where to place the factory plays a very important role in the success of a business. 5S Hair factory was established in 1989 in Bac Giang province. Mr. Adam Smith chose this area because he realized that this is a place with the most industrial zones in the North. Bac Giang has the advantage of climate, traffic and abundant human resources.
- Climate: Bac Giang province is located in the tropical monsoon climate in the Northeast region of Vietnam, with four distinct seasons a year.
- Traffic: Convenient transportation systems include Road, river and railway.
- Abundant human resources: Bac Giang province has young, dynamic and capable human resources. The population of working age is over 1 million people, trained workers account for over 60% of the working age workforce.
Lack of skilled and experienced people working for 5S Hair factory
To create the success of a hair factory, it is imperative to have good human resources. We will focus on 2 subjects: hair industry experts and skilled workers.
- Mr. Adam Smith says that finding a knowledgeable expert for 5S Hair factory is difficult. Fortunately, he was born into an artistic family, so he has a lot of relationships with famous people. He was introduced by a friend to a few acquaintances who are hair experts. This is indeed an important step in the development history of 5S Hair factory because they are the ones who know the most about hair and will come up with the best business strategies in the hair business.
- When he founded 5S Hair factory, he set his own vision and mission for it as one of the best Vietnamese hair vendors. Products of 5S Hair factory must be the best quality products, which can satisfy all needs of all types of customers. Mr. Adam Smith always hopes that the product will be brought to foreign markets, which affirms Vietnam’s position in the hair market. Therefore, finding skilled workers to handle and process hair is also a problem that gives him a headache. He has to go to hair villages in Vietnam to find quality human resources for the 5S Hair factory.
Initial difficulties of 5S Hair factory: Poor access to customers
When 5S Hair factory was newly established, it was also very difficult to reach a wide range of customers because 5S Hair factory had not yet created a reputation and trust for customers. CEO Smith had to hire marketing experts to design the web and run ads for the product. 5S Hair factory has a well-trained professional SEO team, so 5S Hair factory has affirmed its position in the foreign market soon.