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Presentation1
- 1. Leo Belanger S&S Oils Parents Samantha Belanger Nichols College Business and Society 100-
- 2. Entrepreneur’s Company Sole Proprietorship To keep the business small Service 20 Years in Business
- 3. Background Worked for a friend Didn’t finance, used own money Decided he wanted to work for himself Schooling for repair and services School led to license More successful now
- 4. Successes Expanded to more customers Don’t have to listen to any higher power Self motivated Loyal and honest to customers Feel accomplished at the end of the day
- 5. Challenges Economy Oil prices getting too expensive for customers Bills weren’t being mailed The money factor, bills not being paid Still working on challenges Economy and government can be fatal to business
- 6. Competition Al’sOil andgas company NSTAR Being loyal and doing the work right Keep doing a good job so customers come back
- 7. Marketing Word of mouth, Business cards Don’t want anymore employees Wants the business to stay small
- 8. The Future Planson continuing with business Stay in business until retirement Hoping someone will buy business out when deciding to retire
- 9. Questionnaire Why don’t youwant your business to expand? More responsibility Harder to keep track of income Not busy year around Do you enjoy the business your in? Yes, loves to work with people Loves working with his hands
- 10. Questionnaire cont. Would youchoose to do something differently? Wouldn’t change it Loves what he does Enjoys the small business life
- 11. Summary Have a plan when starting a business Know that its going to be hard at first but will be worth it in the end To be self motivated I learned to have a good outlook on what you are trying to achive