Why re-invent the wheel? Find out how other successful people achieved what you want to achieve, then do what they did. Reading biographies of successful people will provide you with insights you can copy. Here is my story I hope it helps you build your own success.
For 15 years, I dealt with the finances of large construction projects for various international contractors. A joke tossed casually between colleagues at a project meeting took me off that career path and led to me establishing my own sub-contracting company.
At the time, I was working for one of the very large international contractors. Local plumbers were proving quite incapable of handling the large commercial projects that were available to them. They didn't have the skills, they lacked the management, and they were very inefficient. I saw a need for an efficient, well-run plumbing contractor that could handle major projects. The age-old business rule made sense "Identify a problem and solve it!"
I wrote a business plan, formed the company, established systems and staffed an office with five people to put my business plan into operation. That was before we had any work and before any plumbers were employed. As a result, my overheads were thousands of percent higher than the competition.
Another matter was working against me all large-scale construction work was put out to competitive bid and the lowest price always got the job. So, I had high overheads yet had to be the low price, to get any work. Also, I had to pay the highest wages to get the best plumbers. Project specifications were strict and "cutting corners" was not tolerated. Furthermore, I was known and respected by the clients' representatives I knew how to do the job properly, and they knew it, so I was held to a higher standard than any of my competitors. Not fair, perhaps, but that's how it goes, sometimes!
In summary, I was forced to give the highest quality, carried the highest overheads, and had to do the work for the lowest price. Yet, I won nearly every bid submitted, and within three years, I was earning almost a million dollars per year. Within two more years I was earning over $3 million per year.
Very often, people doubt that this was possible highest quality
and lowest price but I can assure you it is. You just have to figure out how to do it in your business.
Now it's up to you to leverage what you know to create your own OUTRAGEOUS SUCCESS. I can help you! ....
(Ok, Frederick. I want to start now!)
Not ready yet? Read on >> Raise Your Standards >>