Thursday, February 11, 2016

Idea napkin number 1

1) my name is Zach Turner and I am going to start up a masonry company that builds high rises and bigger buildings across the state of Florida. I am very good at communicating with people, numbers and formulas, planning, and running a team. My business will play a huge role in my life because I already have experience inside the field.
2) I am offering a lot of different products to a lot of different customers. My first customers are the owners of the buildings that will hire me to do the project. Since I am specializing in concrete and block work, I will only be in charge of that type of work. I have to make sure I do my work in a presentable fashion and stay on schedule so the general contractor will hire me again. Other customers could include company's that I sub my work out to or people that buy products from me.
3) I am offering work that is sellable to the owner and work that will be completed on time according to a contract that is given out by the general contractor. All my customers will have a lot in common because they are all related to my field of work. My customers will come from all over the state of Florida and will change from job to job. Starting off, I will try to win one job and hire people to complete the projects. So at first, I will only have one customer then down the road, my customers will expand to many different people.
4) my customers will actually pay me money because I will do my work so that the general contractors can sell my work to the owner of the buildings. In keeping good relationships with different general contractors, I can expand my business at a high rate. So it is crucial for me to do my work so it is presentable to all my customers.
5) what sets me apart from other companies in my field is first the advantage I have in building relationships with different people. In my business, it is very crucial that you create relationships so you can get business down the road. Another thing that puts me past other companies is that type of work I preform and doing it on time. It is also essential in this type of business to stay on schedule. By my company being known for completing the job right and on time will bring me business for a long time.

I think all these ideas do fit together in some sort. Starting up a business takes a lot of thought and effort and these aspects are all things you need to need to think about before starting up your business. In any field that you in, the customers have to come first and that is what I got from doing this napkin exercise. Another I got from this exercise is be confident in the business you are starting up and know customers will buy your product.

4 comments:

  1. Hi Zach,
    I enjoyed reading your post, it was very well-written. I really can't think of any criticism for masonry work, usually those types of companies succeed. I guess the only thing I would be worried about is other competition that might be more well known through out a community. Other than that concern, I think your post is pretty well thought out. When you get a chance, check out my post for my idea napkin. Here is the link:
    https://principlesofentrepreneurship.wordpress.com/2016/02/10/idea-napkin-no-1/
    Good job on this post, and good luck in the class!

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  2. Hello-
    I think that type of business with always be needed. Especially since you described important factors needed for success. I think you're heading in the right direction. The only tough thing would be competition but, that is for any business. Your post really shows that you're confident in wherever it could take you. You were very specific and detailed. Great post, check out mine: http://basmacirachel.blogspot.com/2016/02/idea-napkin-no-1.html

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  3. Hey Zach. Since I know nothing of the subject of concrete and blockwork projects I found your idea very interesting. I believe you are thus offering a unique opportunity to customers who hire you and obviously pay you for your unique masonry skills. Good luck with your future business aspirations and feel free to read my blog if you have a sec: http://ent3003anneperry.blogspot.com.es/

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  4. Hi Zach,
    Very nice post, I enjoyed reading it and I think you have a great business idea. I myself don't know anything about masonry or about anything related to it. The biggest thing that I think you have to worry about is competition since I am sure that they are many masonry companies out there. I hope you can achieve your goal and that you are successful. If you want to read my post, here is the link: http://chrisblogent.blogspot.com/2016/02/idea-napkin-no-1.html

    ReplyDelete