1. Richard Smith
Nichols College
Business & Society
Michael & Carol Ann
Family Friend
O’NEIL GENERAL CONTRACTING LLC.

2. PURSUING BUSINESS
 Reason why they choose to
open O’Neil Contractors is
because of Michael’s work past.
-previous side jobs in
similar fields
-Union carpenter, Boston
labor union
 Service: The service they
provide is remodeling for
Hospitals, old Folk homes, and
residential estates.
 The company first opened in
1991; now that is 20 years of
competitive business.

3. BUSINESS’S BACKGROUND
 Had money saved up, enough to start up
doing small jobs
 Reason why they opened their company was
to eliminate the middle plan
 Make all the profit; also had options for both
full and part time employees readily

4. BUSINESS’S BACKGROUND
Training and Background:
-Wentworth Institute blue print reading
-Mass, construction and supervising license
-Home improvement contractors license
From then to Now:
-Under million dollar business a year
-Doubled income
-Tripled exposure; how much work offered yearly
-Increased employees from 1 to 6 or 7 now to 3
due to economy

5. SUCCESS’S
 Maintain financial well-being
 Reputation has no flaws, no bad information
on company
 Strictly word of mouth

6. CHALLENGES
 Always dealing with new & existing
competition
 Biggest competitor “the Union”
 Make payroll
 Meet all financial needs
Biggest Challenge:
THE ECONOMY

7. FACTORS TO SUCCESS
 Keep the business name reputable
 Continue to do excellent work
 PLEASE the customer
 Follow CODE & SAFETY rules/laws
 Maintain ethical prices while continuing to
make profit

8. FLAWS
 Being strictly a word of mouth business,
pleasing the customer is KEY
 Offering poor work quality

9. FUTURE IN THE COMPANY
 They plan on continuing to run business for
next 10-15 years until retirement
-Stay successful
-Assume less management
responsibilities
-Pass on business to prominent
successor

10. SUMMARY
 “The key to running a successful and
profitable business is making sure you run a
business of something you love.”
 I learned that when you start of working for
the union assuming the lowest position, you
are called a journeymen.

11. JUST SOME WORK THEY'VE DONE