Time in business is very important, and I couldn’t agree more. Likewise, I don’t think an MBA from a top Ivy League university or school is worth the paper it’s written on, but I can tell you that many of the other students will go on to great things because of their families, and who they are. and the opportunities that will be presented to them automatically. It’s a good group of people to meet. And I guess this goes back to that famous quote; “It’s not what you know, but who you know.”
In fact, there was a popular book in the 80’s titled; “What They Don’t Teach You at Harvard Business School,” and the gist of the book explained that business was about people, not just shareholder capital, quarterly earnings, and market share. Yes, that is also very important, but relationships in business are very powerful, and when you can do business with someone you trust, things work very well and you can do business with a phone call because you know the person on the other side. . means business, has his and their interests in mind, and will help both of you move the ball down the field synergistically.
Well, none of this is advanced thinking. Now what about a simple business, let’s say a service business, and for this example I would like to use a mobile truck wash. Since time is as important as the contacts you make in business, I suggest you ask yourself a new question; Is this a good time in 2012 to start your own business? Something simple, as an example perhaps, a mobile fleet truck wash business? Well, let’s take a look at some of the main factors. Right now, newly hired truck drivers for commercial fleets and trucking carriers are up at least 1000%. That means companies are adding more trucks on the road, thus more trucks to wash, but luckily there is still just as much competition today.
It also means that these companies will compete for drivers, and drivers want to drive the best trucks, right? And wouldn’t you like to go to work for a company that had a good team, something that was a joy to drive? Of course they do, the companies know this and they also know that the new emissions standards mean they have to invest in the newest vehicles. Not to mention the price of fuel, so they need vehicles with more efficient engines, better aerodynamics and less polluting too.
And guess what, all this new equipment needs to be washed by someone, and a mobile truck wash business has the advantage because they don’t have the incredible costs that a fixed site truck wash incurs, therefore they can charge a cost more low. , and there is more volume available to them, as customers are eager to sign long-term contracts and agreements for laundering. In fact, I’d like you to consider what I’ve said here today, think about it, and put this type of business on your list of potential businesses to start.