Joseph Shaughnessy, BSI Constructors, St. Louis Any business, large or small, takes someone with a dream and a passion, exactly what Joseph Shaughnessy had. Starting out after his graduation from college, and ten yesars of employment, him and his friend Lorry Bannes were already making great strides, holding executive positions, but they wanted more. They took their desire and created their own business, setting up their future and achieving their goals. Did they make the right decisions along the way? Did they have the right balance? And how did Joe use the business to promote his beliefs? Were the Four Bottom Lines Met? Joe emerged his business by perusing his desire to run a business on his own. Together Joe and Larry took the risk and began Bannes-Shaughnessy Inc. in 1972 (Katz, 2011). Despite their prior experience and low amount of capital they began with, within five years they had received their first million dollar contract, proving their existence. From here on out their firm grew, so did their success, and in turn were helping the community. Joe was compassionate and his work and business reflected that. Their families were benefiting from their success as well as their own lives. They were perusing their dreams, and once Joe became the sole owner, he was able to take the business to the next level. It is as if he was beginning the growth stage again within his own company, he could now continue on focusing on the expansion and diversification of his
For my interview I decided to interview my father, Joe Malich. Joe has owned three businesses, Malich Motors, Powerboats Northwest, and The Boat Shop Northwest. His most recent business is The Boat Shop Northwest which is a small boat store compared to Powerboats Northwest which filled bankruptcy in 2009 after the economy crashed. For the purpose of this interview I asked questions based around Powerboats Northwest because it was a bigger company and as an owner he had more employees. Growing up he sold anything he could get his hand on to make money whether it is motorcycles, jet skis, or cars. Eventually in 1997, he opened Malich Motors and was successful in the car industry w but decided to do something no one ever thought of in the northwest,
Brian Rosenbarger was the entrepreneur that we chose to interview to gain more insight into what it takes to be a successful entrepreneur. Brian is the owner of R&R construction and it is a sole proprietorship that he started in 1999. Since he has been in business for 17 years, he was able to offer a lot of advice to us as young entrepreneurs. We will discuss the advice he gave more in depth later. There were quite a few things that stood out to us about Brian that allowed us to better understand the life of an entrepreneur.
McRoof.us is a roofing contractor. They have offices that are located in Oklahoma City, OK, Tulsa, OK, and Dallas/Fort Worth, TX. Their expert contractor, Scott McCollum has begun building houses over 30 years ago. McRoof.us specializes in generators, HVAC, insurance restoration, painting, plumbing, radiant barrier, siding, windows, and “after the storm” presentations. Their other services include roofing, gutters, architectural sheet metal, chimney repair, drywall repair, fencing, garage doors, and more. McRoof.us has won the 2011 and 2013 Top 550 Contractor for Insurance Restoration Awards by Remodeling Magazine
The idea of forming the business was initially formed as a result of the two re-united brothers, wanting to do
1. How did Lovin come to recognize the opportunity for his young venture? Of the three types of start-ups mentioned in Chapter 3, which one does The Kollection fit into? What was the source of this opportunity?
With an increase in business, the firm recruited widely. The firm, which had employed 2,000 people in 1982, tripled to 6,000 people by 1987.” Due to excessive focus on generating revenues, one insider put it as, “competing fiefdoms replaced interconnected businesses.” and “Making money was mostly what mattered.”
Les Harper was called to serve in BYUH as senior missionary. He grew up in an entrepreneurship family. His grandfather, parents, and siblings all had built their own business. He is proud of his entrepreneurship gene. He shared his family story and his own experiences to teach principles about what makes a successful entrepreneur.
Then by acting upon the statement # 1 of the balance theory, the whole system can be balanced.
Three sisters, Kathy, Linda and Valerie Montgomery started out with what looks like a hobby, without knowing it would develop into a legitimate business of today. These three sisters had adopted an unconventional approach to the growth of their business start-up, by buying materials at a bargained price and producing them into shirts. This approach produced enough revenue growth (on a small scale) but depended largely on loans to finance their business; but with the increase in the firm’s employee and bad economy, they were faced with series of financial problems which resulted into changing their approach to business, by re-organizing the method being used to carry out the business. The company was
On March 29, 1892, Griffith Abbot, Luther Spear, and Jacob Swartz formed the Mount Vernon Construction company, a subsidiary of the railway company. The construction company protected the parent company from law suits coming out of acquiring land, franchise disagreements, and construction disputes (Merriken 4). The construction company contracted several companies to build various aspects of the railway. From late April to September 1892, the contracted companies laid tracks, built a power plant, and built a 3,000-foot long wooden-pile bridge across the mouth of Great Hunting Creek. The construction was under the direction of B. P. Flint, chief engineer with A. S. Kibbe and Hubert Turner as construction supervisors (Historic American Buildings
To say the juice guys started their company, Nantucket Nectars, on a shoestring budget would be an understatement. The two Toms built a multi-million dollar company with an initial investment limited to a $170 bottle-cap hand press, recycled bottles and an assortment of fruit. They had no formal business training and conducted no market research. Their business was born
At an early age, Barry Minkow was introduced to the carpet cleaning industry by his mother who worked part time as a telephone solicitor for a small carpet cleaning company. This insight of the industry allowed Minkow to understand that the carpet cleaning industry was one which had very few barriers to entry, no licensing requirements, and required only a small amount of capital to enter. Also, because of these few barriers to entry, the industry has historically attracted a larger number of faulty startups in comparison to other industries. At 16 years old, Minkow started his carpet cleaning company under the name of ZZZZ Best Company. Right away he had a difficult time with customer
In the case of Market Basket, they were doing more than well in their field, avoiding conflict with an effective business plan for nearly 24 years, but due to lack of compromise, they allowed themselves to turn from a well run family business to a feuding one. He later lists the alternatives that could have prevented this, or furthermore, fixed the problem at hand after the fact, but then wraps of his narrative, once again, speaking on the strengths and weaknesses of a family-owned
Jimmy became a respectable shoe shop owner when he was released from prison. He sold shoes and made an honest profit. Jimmy showed me that he had reformed his ways and that he wanted to change. I think it was smart of Jimmy to open a business
When he first began, he was told that he was a pastor and that he had no business experience; how could he possibly guide people in business? He has taken his leadership experiences from his church life and directly correlated them to many various fields. The book has many illustrations drawing parallels with sports and American history as well as corporate experts’ stories.