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Actual for You - Home Business - What Were Those Customers Thinking?
ROI Re-examined t tons of pictures of walls and ceilings. Any future problem, remodel, we have records of each installation. We also give the homeowner a copy of the pictures and a video. I probably spend a half a day taking pics, then the video. Most homebuilders in the high-end market do this, but maybe 1/2 to 2/3 may not in other lower end markets. We have to make sure it's right and tight before sheet rocking, along with 4-5 detailed independent inspections too. Windows/penetrations are a top concern. Now, with new rubberized materials seals are getting much better. We document everything before closing it up, this protects the builder.Measuring Return on Investment (ROI) is a solid business principle that helps guide corporate decisioning. However for purposes of this blog post I want you to think of ROI as return on imagination, ideas and innovation. It is the return on innovation that will allow companies to maintain their competitive edge and create sustainable growth. Peter Drucker said, "An established company which, in an age demanding innovation, is not able to innovate, is doomed to decline and extinction."Drucker’s quote mirrors my sentiments exactly…I have seen too many companies forget about the need for, and power of innovation (more classically referred to as R&D). Without a dedicated focus on innovation it is only a matter of time until a business cannot attract or retain talent, suffers from obsolescence due to the innovation of others and watches their brand fall into decline.Does you company suffer from the lack of innovation or does it reap Rich: How much of your overall business (time) is spent in detecting moisture? Wes: It's hard to say, but more time is spent tearing out walls. Not much time is spent detecting it, we fix the problems however. Rich: Where do you typically find out about new technology? Wes: Word of mouth, when we see another contractor or inspector using something new, we may ask about it. If it works, word gets a Choices: Lessons from Prison - Consequences from Ethical Choices: A Daily Memoir-October 3rd Here is a way to find out what your future customers will be thinking. A successful business or home business needs good market research data for all products or services. Unless you've been in the business yourself many years, finding out about a market may require calling people or companies that you think will need your product. Try to appeal to their expertise, because obviously they are in the business and their opinions count. Then you can get valuable market information as to whether or not your home business would be successful, or whether your product will sell. If you are nervous or shy, practice interviewing friends or relatives that may be in the field or may buy the product. Don't be afraid to be bold and ask. You could be very surprised by what you hear, and it may also change your business plan! Such information is worth lots of money, and can save you a lot of heartache.With over ten years behind me since I walked into Federal Prison, I can clearly see the effects of the choices we make. We can wander in the illusion of life and think that we have eluded the consequences of our choices, but those consequences are inescapable. Whether in our personal life or in business, the choices we make on a daily basis will always have a consequence.Don’t mistake, however, the word – consequence. Consequence doesn’t carry with it an emotional outcome of good or bad. Consequence is just the outcome. Whether it is good or bad depends on the choice made and how the recipient feels about the consequence. Let me give you an example from a perspective that looks back over some time.The day I walked through those prison doors was clearly one of the worst days of my life. I can’t begin to describe how low, unworthy, and valueless I felt as I took on my new identity. I went from being what some folks would d Shown below is an example of one contact I made concerning a new product and technology we were researching. It is important to be ready to document everything, such as who you talked to, where they worked, and what their position was. Have good general open-ended questions ready to ask. Simply ask the question and let them talk. Write fast and take detailed notes. Such data is important for the market study report you should put together for your business or home business, and which will be studied by you, other owners, investors, lenders, or management. Seek to connect with influential people, buyers, users, and anyone who will buy or use your product. Let the facts and feedback speak to you. Don't go forward without diligently doing this research, or you could lose a lot of money on a product no one wants. Here is how a market research interview could go: COMPANY: Primemark Contractors, Home Remediation and Water Damage Repair INTERVIEWER: Rich Kimura. Time: 60 minutes, January 2, 2007 Rich: Hi Wes, This is Rich Kimura. I'm working with a group of engineers who are researching a new technology which uses electromagnetic radiation i.e. radar to see into walls and ceilings. The device would detect moisture, wiring, piping, and other structures inside walls. Your expertise and experience would be very valuable in helping to understand how this technology could be useful to you and the industry. OK, here are some questions. Rich: How do you go about detecting moisture in walls now? Wes: Moisture is a huge problem here, and it's getting worse. Mold is the biggest health concern. If you could find leaks in walls and ceilings that would be very useful. Right now, you can't tell where moisture is entering, only where it is showing up. It is most critical to know where it is entering, e.g. where is the roof leaking? Water moves and the leak may be 10 feet or more from where the source is. If the device can tell you this, or give a picture of what’s going on inside the walls it will be a big breakthrough. Rich: What kind of hassles have you had with this (current system)? Wes: Pipe leaks are easier to find, leaks around windows. 9 times out of 10 where you see the water is not where its entering, it could be 10 feet away. We used to hire a man about 15 years ago who injected pipes with a gas, then used meters to detect the gas. He also used dyes and injected them, looking for colors to show up in the leak area. We currently don't use him, just basically use our best guess and tear it apart. Rich: What would be "really great to have" that's not currently available? Wes: I used to call that specialist out, but we don't use him anymore, just go on our own. We don't have a way of finding leak sources, just tearing out walls, sometimes up to 8', and then rebuild. Finding out quickly the exact pinhole, etc would be essential. Rich: What else might you be looking for in a wall section? Wes: The source of the leak. That is the most important. But, speaking of non-water, our current practice is to take complete digital pictures, and a video of all wall installations before putting on any sheet rock. We get tons of pictures of walls and ceilings. Any future problem, remodel, we have records of each installation. We also give the homeowner a copy of the pictures and a video. I probably spend a half a day taking pics, then the video. Most homebuilders in the high-end market do this, but maybe 1/2 to 2/3 may not in other lower end markets. We have to make sure it's right and tight before sheet rocking, along with 4-5 detailed independent inspections too. Windows/penetrations are a top concern. Now, with new rubberized materials seals are getting much better. We document everything before closing it up, this protects the builder. Rich: How much of your overall business (time) is spent in detecting moisture? Wes: It's hard to say, but more time is spent tearing out walls. Not much time is spent detecting it, we fix the problems however. Rich: Where do you typically find out about new technology? Wes: Word of mouth, when we see another contractor or inspector using something new, we may ask about it. If it works, word gets ar Embroidering on Jackets g, such as who you talked to, where they worked, and what their position was. Have good general open-ended questions ready to ask. Simply ask the question and let them talk. Write fast and take detailed notes. Such data is important for the market study report you should put together for your business or home business, and which will be studied by you, other owners, investors, lenders, or management. Seek to connect with influential people, buyers, users, and anyone who will buy or use your product. Let the facts and feedback speak to you. Don't go forward without diligently doing this research, or you could lose a lot of money on a product no one wants. Here is how a market research interview could go:EMBROIDERING ON JACKETSDigitizing and Embroidery TipsWHEN TO CHOOSE EMBROIDERYJackets are, for the most part, made of sturdy, tightly woven fabric and offer an ideal surface for embroidery. They run the gamut from conservative, ivy-league jackets to “off-the-wall” designer styles available in bright colors and bold geometric shapes. With such a broad range of jacket styles available, embroidery applications are appropriate in a wide variety of styles themselves—from small, signature logos to flashy “billboard” treatments.LOCATIONIn addition to traditional locations such as left and right chest, pocket and sleeve, the jacket back is available for embroidery and just the ticket for the popular “billboard” style used on wool and leather varsity jackets. The same “billboard” format works extremely well for high profile companies like Nascar, with its numerous sp COMPANY: Primemark Contractors, Home Remediation and Water Damage Repair INTERVIEWER: Rich Kimura. Time: 60 minutes, January 2, 2007 Rich: Hi Wes, This is Rich Kimura. I'm working with a group of engineers who are researching a new technology which uses electromagnetic radiation i.e. radar to see into walls and ceilings. The device would detect moisture, wiring, piping, and other structures inside walls. Your expertise and experience would be very valuable in helping to understand how this technology could be useful to you and the industry. OK, here are some questions. Rich: How do you go about detecting moisture in walls now? Wes: Moisture is a huge problem here, and it's getting worse. Mold is the biggest health concern. If you could find leaks in walls and ceilings that would be very useful. Right now, you can't tell where moisture is entering, only where it is showing up. It is most critical to know where it is entering, e.g. where is the roof leaking? Water moves and the leak may be 10 feet or more from where the source is. If the device can tell you this, or give a picture of what’s going on inside the walls it will be a big breakthrough. Rich: What kind of hassles have you had with this (current system)? Wes: Pipe leaks are easier to find, leaks around windows. 9 times out of 10 where you see the water is not where its entering, it could be 10 feet away. We used to hire a man about 15 years ago who injected pipes with a gas, then used meters to detect the gas. He also used dyes and injected them, looking for colors to show up in the leak area. We currently don't use him, just basically use our best guess and tear it apart. Rich: What would be "really great to have" that's not currently available? Wes: I used to call that specialist out, but we don't use him anymore, just go on our own. We don't have a way of finding leak sources, just tearing out walls, sometimes up to 8', and then rebuild. Finding out quickly the exact pinhole, etc would be essential. Rich: What else might you be looking for in a wall section? Wes: The source of the leak. That is the most important. But, speaking of non-water, our current practice is to take complete digital pictures, and a video of all wall installations before putting on any sheet rock. We get tons of pictures of walls and ceilings. Any future problem, remodel, we have records of each installation. We also give the homeowner a copy of the pictures and a video. I probably spend a half a day taking pics, then the video. Most homebuilders in the high-end market do this, but maybe 1/2 to 2/3 may not in other lower end markets. We have to make sure it's right and tight before sheet rocking, along with 4-5 detailed independent inspections too. Windows/penetrations are a top concern. Now, with new rubberized materials seals are getting much better. We document everything before closing it up, this protects the builder. Rich: How much of your overall business (time) is spent in detecting moisture? Wes: It's hard to say, but more time is spent tearing out walls. Not much time is spent detecting it, we fix the problems however. Rich: Where do you typically find out about new technology? Wes: Word of mouth, when we see another contractor or inspector using something new, we may ask about it. If it works, word gets a Business Sellers - Avoid These Ten Mistakes are researching a new technology which uses electromagnetic radiation i.e. radar to see into walls and ceilings. The device would detect moisture, wiring, piping, and other structures inside walls. Your expertise and experience would be very valuable in helping to understand how this technology could be useful to you and the industry. OK, here are some questions.Selling your business is the most important business transaction you will ever make. Mistakes in this process can greatly erode your transaction proceeds. Do not spend twenty years of your toil and skill building your business like a pro only to exit like an amateur. Below are ten common mistakes to avoid:1. Selling because of an unsolicited offer to buy – One of the most common reasons owners tell us they sold their business was they got an offer from a competitor. If they previously were not considering this business sale, the owner has probably not taken some important personal and business steps to exit on his terms. The business may have some easily correctable issues that could detract from its value. The owner may not have prepared for an identity and lifestyle to replace the void caused by his separation from his company. If you are prepared, you are more likely to exit on your own terms.2. Poor books and records – B Rich: How do you go about detecting moisture in walls now? Wes: Moisture is a huge problem here, and it's getting worse. Mold is the biggest health concern. If you could find leaks in walls and ceilings that would be very useful. Right now, you can't tell where moisture is entering, only where it is showing up. It is most critical to know where it is entering, e.g. where is the roof leaking? Water moves and the leak may be 10 feet or more from where the source is. If the device can tell you this, or give a picture of what’s going on inside the walls it will be a big breakthrough. Rich: What kind of hassles have you had with this (current system)? Wes: Pipe leaks are easier to find, leaks around windows. 9 times out of 10 where you see the water is not where its entering, it could be 10 feet away. We used to hire a man about 15 years ago who injected pipes with a gas, then used meters to detect the gas. He also used dyes and injected them, looking for colors to show up in the leak area. We currently don't use him, just basically use our best guess and tear it apart. Rich: What would be "really great to have" that's not currently available? Wes: I used to call that specialist out, but we don't use him anymore, just go on our own. We don't have a way of finding leak sources, just tearing out walls, sometimes up to 8', and then rebuild. Finding out quickly the exact pinhole, etc would be essential. Rich: What else might you be looking for in a wall section? Wes: The source of the leak. That is the most important. But, speaking of non-water, our current practice is to take complete digital pictures, and a video of all wall installations before putting on any sheet rock. We get tons of pictures of walls and ceilings. Any future problem, remodel, we have records of each installation. We also give the homeowner a copy of the pictures and a video. I probably spend a half a day taking pics, then the video. Most homebuilders in the high-end market do this, but maybe 1/2 to 2/3 may not in other lower end markets. We have to make sure it's right and tight before sheet rocking, along with 4-5 detailed independent inspections too. Windows/penetrations are a top concern. Now, with new rubberized materials seals are getting much better. We document everything before closing it up, this protects the builder. Rich: How much of your overall business (time) is spent in detecting moisture? Wes: It's hard to say, but more time is spent tearing out walls. Not much time is spent detecting it, we fix the problems however. Rich: Where do you typically find out about new technology? Wes: Word of mouth, when we see another contractor or inspector using something new, we may ask about it. If it works, word gets a Downey Mold Abatement - Why Cost Shouldn't Be Such An Issue aks are easier to find, leaks around windows. 9 times out of 10 where you see the water is not where its entering, it could be 10 feet away. We used to hire a man about 15 years ago who injected pipes with a gas, then used meters to detect the gas. He also used dyes and injected them, looking for colors to show up in the leak area. We currently don't use him, just basically use our best guess and tear it apart.Are you a Downey homeowner or a business owner who has recently learned that you have a mold problem? Whether you notice your home’s or business’s mold on your own or with the assistance of a mold inspector, you will want to get your mold problem taken care of. The only problem is that many Downey homeowners and business owners are concerned with the costs; however, the cost of Downey mold abatement should actually be the farthest thing from your mind.The farthest thing from your mind? Is that what you are wondering? If so, you are definitely not alone. Although you will need to make sure that you can afford the cost of Downey mold abatement, it shouldn’t be the only factor that you closely examine, when choosing a professional to remove the mold in your home or business for you. Just a few of the many reasons why you need to examine more than costs are outlined below.What many homeowners and business owners do not realize i Rich: What would be "really great to have" that's not currently available? Wes: I used to call that specialist out, but we don't use him anymore, just go on our own. We don't have a way of finding leak sources, just tearing out walls, sometimes up to 8', and then rebuild. Finding out quickly the exact pinhole, etc would be essential. Rich: What else might you be looking for in a wall section? Wes: The source of the leak. That is the most important. But, speaking of non-water, our current practice is to take complete digital pictures, and a video of all wall installations before putting on any sheet rock. We get tons of pictures of walls and ceilings. Any future problem, remodel, we have records of each installation. We also give the homeowner a copy of the pictures and a video. I probably spend a half a day taking pics, then the video. Most homebuilders in the high-end market do this, but maybe 1/2 to 2/3 may not in other lower end markets. We have to make sure it's right and tight before sheet rocking, along with 4-5 detailed independent inspections too. Windows/penetrations are a top concern. Now, with new rubberized materials seals are getting much better. We document everything before closing it up, this protects the builder. Rich: How much of your overall business (time) is spent in detecting moisture? Wes: It's hard to say, but more time is spent tearing out walls. Not much time is spent detecting it, we fix the problems however. Rich: Where do you typically find out about new technology? Wes: Word of mouth, when we see another contractor or inspector using something new, we may ask about it. If it works, word gets a Working Smarter Not Harder t tons of pictures of walls and ceilings. Any future problem, remodel, we have records of each installation. We also give the homeowner a copy of the pictures and a video. I probably spend a half a day taking pics, then the video. Most homebuilders in the high-end market do this, but maybe 1/2 to 2/3 may not in other lower end markets. We have to make sure it's right and tight before sheet rocking, along with 4-5 detailed independent inspections too. Windows/penetrations are a top concern. Now, with new rubberized materials seals are getting much better. We document everything before closing it up, this protects the builder.Growing up we where all told in order to make it in life that you must go out there and work hard for everything you want in life. The harder you work the more you will succeed. Is this really that true though anymore? Now a day people seem to work harder then ever before, and still come up empty handed.So is working harder really getting us to where we want to be at in life? More then likely the only place its getting you is laying on our bed with a bad back or a huge headache. The new age is upon us, and now people are looking for ways to work smarter and not harder.There are a number of different ways one can go out and take full control of his or her finical freedom simply by working smarter, and throwing the rule book out the window. The first step to any success story is you need to go out and take a chance. One of the biggest reasons why people dont take these life-changing chances are because they cannot handle change, a Rich: How much of your overall business (time) is spent in detecting moisture? Wes: It's hard to say, but more time is spent tearing out walls. Not much time is spent detecting it, we fix the problems however. Rich: Where do you typically find out about new technology? Wes: Word of mouth, when we see another contractor or inspector using something new, we may ask about it. If it works, word gets around quickly, and we'd buy one. Rich: How do you make decisions on what technology to purchase? Wes: If it works we'd buy it, if others who use it are happy with it. Rich: How important would compactness and portability be? Wes: That's the only way it would work. Rich: How much do you think the average contractor would be willing to pay? Wes: Maybe 3-4 inspections may cost $300-400 per inspection, so maybe $1200 - 1600 for a device. We wouldn't think twice about spending that much on a unit if it worked. Home insurers may pay more because they'd use it all the time. Rich: How would you recommend we get the word out once the product development is completed? Wes: Word of mouth, Maybe a trade magazine? Yes, maybe. But, word gets around fast if someone has a good way of finding leak sources. Rich: What would you think if this product were franchised? (No time to discuss.) Rich: Who else should I talk to? Wes: The track home, condo, and apartment contractors, who build large numbers of spec. homes and units. They may have a greater need for quickly finding problems, due to the large numbers of units they work with. Home inspectors, yes, talk to them. They'd use a unit if it were portable. Rich: What else should I have asked? Wes: Most California builders are very conscious of being sued. But home insurers are not, right? Your device is awesome, I don't think $1000 - $1500 would be unreasonable - if it can really pinpoint the leak we'd buy one. If you could do tests, with nail-hole sized leaks, finding out where the water comes in, and if it'll tell you exactly where this hole is, that is much more important than moisture in general. You must find the hole! For home insurers, finding general moisture may be good enough, but for contractors who have to fix problems, we need to know where it is coming from. If we know, we can limit the damage to 1' of wall instead of ripping out 8' by guesswork it's worth it. You still need space to work in for the fix. It must find the source. Rich: Thank you very much for your time Wes! You're expertise is much appreciated, we'll take your input seriously, and will keep you posted on it's progress.
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