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Published byAlberta Lawrence Modified over 9 years ago
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Matt Robinson General Operations John Phelan Financials Taylor Young Marketing
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Taylor Young, co-founder, returned from Chicago with an idea. Start a business that would apply Rust-Oleum Epoxy Shield to garage floors
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Epoxy Benefits Seal Covers you garage floor with a long lasting seal Durability Resist hot tire pick up and abrasions Cracks Repairs cracks Stains Protects floor from Gasoline, Anti-Freeze, Brake Fluid, and Salt
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Day 1 Day 2Day 3Day 4 Paint cement with Rust- Oeleum Epoxy Shield Estimated Time: 2.5 hours Paint over first layer of Epoxy Shield with Rust- Oleum clear coat Estimated Time: 1 hour Move customer’s belongings back into garage Estimated Time: 1.5 hours Move customer’s belongings out of garage Degrease cement to rid of dirt and stains Etch using a Rust-Oleum Acid etch Estimated Time: 2.5 hours
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SizeCost 450 sq ft$1.25 sq ft 451- 750 sq ft$1.35 sq ft 750+ sq ft$1.45 sq ft
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1. Where to put customers’ garage items? 2. Where will we keep the money? 3. How will the money be split up? 4. How will we keep from getting sued?
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The biggest concern: Where do we put the garage items? Pod? Self Storage? In house, contract What do we do with the money? Bank account? Split is up as we get it?
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We drew up contracts with the customers Protect us from theft And damage later on
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Sample transaction log
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Comerica Bank Established under company name Debit card Minimum balance
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Epoxy Shield $84.00 x 1 = $84.00 Paint Materials Paint Trays: $1.99 x 1 = $1.99 Brushes: $4.99 x 3 = $14.97 Buckets: $4.99 x 2 = $9.98 Etch $11.39 x 1 = $11.39 Degreaser $8.95 x 1 = $8.95 Premium Seal $66.00 x 1 = $66.00 Etch Epoxy Shield Paint Materials Degreaser Premium Seal Total Materials Cost: $197.28
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Sample time log Job 1Job 2Job 3 Matt10.5 hrs6.5 hrs8 hrs Taylor10.5 hrs2 hrs4.5 hrs John8.5 hrs6.5 hrs8 hrs Total29.5 hrs15 hrs20.5 hrs
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Contacted design engineer to better our process and product Have a client waiting list
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