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"Business plan means you're serious," says employee turned small business entrepreneur

Location
CompanyWitts Cleaning & Inspection
Industry:Other Services - except Public Administration
City:Calgary, Alberta
Amounts: various  Find what funding programs you qualify for

Business plan points entrepreneur in right direction

Jamie Witts got a job in the large equipment cleaning and inspection industry right out of high school. He enjoyed the work, and he learned a lot about the trade. But after working for someone else for nearly 15 years, he got restless. "I was tired of making other people money," he says. "I can see how much they're getting paid and charging the customer. It's not that hard. So my buddy and I wanted to see if we could do it on our own instead of lining the pockets of some big company. We decided to give it a shot." With a business plan from the Centre for Business Plan Development, Jamie Witts is prepared for the future.

Establishing a cleaning service for Alberta oil and gas industry

The oil and gas industry is big in Alberta, and all that large equipment needs to be kept running smoothly. Cleaning and inspection are a regular part of the job. Witts focuses on cleaning and inspecting progressive cavity positive displacement pumps. These pumps, sometimes called mud motors, are used for pumping difficult materials contaminated with large particles.

Market research from door to door

To start, Witts began researching the market. "We went door to door talking, figuring out what they needed and how we could get in there and do it," he says. A number of companies expressed interest right away, and Witts realized he'd need financing to get up and running and make sure he was properly outfitted.

Business plan well worth the investment

"We talked to banks, and we talked to an accountant," says Witts, "He said a business plan helps to get money from the banks because it shows you’re serious about it." He turned to the Centre for Business Plan Development for a professionally prepared plan, and he feels that his investment was well worth it. "It shows we're not joking around," he says with a laugh. "The process was also really helpful. I have a good handle on where I'm headed now."

”Go for it!”

Once he has some serious clients on board, he'll have more reinforcement to take to the bank along with the business plan. "We're ready to start any time, pretty much," he says. And his experience so far leads him to offer encouragement to others. "Go for it," he says. "It doesn't hurt to try. The worst thing that's going to happen is you might have to take a different route to go forth. But it doesn't hurt to go try."

Imagine how a professionally prepared business plan could help grow your business. For a free consultation, call 1-800-481-8434.

Please note our Centre is not affiliated to programs profiled in the above article and no claim is made that funding is due to our Centre unless stated.
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