Here I was in College wishing I was out in the world actually building something of value. Like my very own business.
I also wanted to own and create my own business but didn’t really know how to. Based of common interests you tend to attract people to you that share the same interest. Its funny how you tend to meet people that love the idea of creating a business but are not really sure how to go about doing it.
Enter my very first business partner.
We meet in a communications class and during the course of the year we decided that we wanted to start a business. He knew how to install and cut granite countertops and I knew how to “sell”……
The birth of BLUE STONE GRANITE LLC
Well after MONTHS of trying to find clients we finally landed our very first client. We got to work and installed her granite as promptly as possible.
Great right! Well, with my lack of knowledge of granite colors we ended up installing the WRONG COLOR of granite…..
At this point all I can think is OH SHIT how are we going to pay for this?
Turns out that my business partner was upside down and didn’t have a dime to spare and no credit card. I didn’t have any money either, I was a student going to school full time and working full time with a family to feed.
But, I had a credit card…..so I ended up putting $2,500 to pay for the new slab of granite. Money I didn’t have.
Well, needless to say we really never recovered from that huge mistake. The business slowly went away because we really didn’t know how to find customers.
I ended up parting ways with Blue Stone Granite and it took me YEARS to pay off that damn credit card.
Here is the key. I don’t really view this as a failure, just a learning experience.
What went wrong?
- We spent more time strategizing on how the business would work instead of how we would get customers
- No idea how to market or sell the service we provided
- No capital
- Wrong partnership
- I had NO experience with granite and really wasn’t interested in it
- We just wanted to make money, not really provide a service that solved problems
What did we do right?
- Took action – no action leads to nothing. However, we all have limited amount of time so be careful on what you take action on.
- Worked really hard to take care of the few customers we had