This presentation was given to a class of MBA students at Oakland University in Rochester, Michigan. I share my personal journey of starting and running a business that provides software development and analytics consulting services.
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MIS 524 - Enterprise Information Systems
(3 credits)
The strategic use of information technology (IT) in the
enterprise.
Topics include intra-organizational systems,
interorganizational systems, the use of IT in a competitive
environment, control of IT, IT resource planning and
organizational issues for the management of information
systems.
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IT Career Scenarios
Work for a Non-IT Company
– Work in the IT Department
– Use IT to get your job done
Work for an IT Services Provider
– Sell or deliver IT services to others
– Start your own company
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Topics
About …
Point of View
The Journey
Technology / Customers
Highs, Lows, Mistakes
Strategy
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About Metric-X
Focus:
– Help companies manage and
analyze their data
Founded:
– 2000
Team:
– 10 people
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Services
Business Intelligence
Software Development
– .NET, SQL Server
Excel Integration
Project Management
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Mission
Help companies intelligently apply
information technology to improve their
performance
“we help you turn your data into profits”
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Ideal Customers
Midmarket and Smaller
– Revenue Range: $10 to $500 Million
– Located in Michigan
What We Look For:
– Healthy
– Hungry
• “Data-Driven”
– Attitude towards vendors
– Pay on Time
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Our Guiding Principles
“Open Doors, Open Minds”
“Success is a consequence of
doing the right things for the
right reasons”
“When a customer asks for
help, we are receiving a gift”
“We get what we want in life
when we help other people get
what they want”
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Operating Approach (Pre-2011)
Provide personalized service
– Serve only a few clients at a time
Invest in understanding the clients’ business, priorities, systems and culture
Provide services that help clients get the most out of their technology investments
– Architecture, Project Management
Conduct knowledge transfer
Keep costs low
– Don’t maintain a bench of consultants
– Minimize fixed costs
Subcontract specialized talent when required by clients
– Engage partners where appropriate
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Operating Approach+ (Since 2011)
Teachable:
– products and services that you can
teach others to deliver
Valuable:
– Specialize in doing one thing better
than anyone else (“Microsoft BI”)
Repeatable:
– generate recurring revenue through
products that customers would
repurchase often (“Software
Subscriptions”)