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Showcase Floors It’s Afloordable!

Showcase Floors It’s Afloordable!. Part I. Introduction. The Team. Matt Robinson General Operations John Phelan Financials Taylor Young Marketing. The Idea. Taylor Young, co-founder, returned from Chicago with an idea.

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Showcase Floors It’s Afloordable!

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  1. Showcase Floors It’s Afloordable!

  2. Part I. Introduction

  3. The Team • Matt Robinson General Operations • John Phelan Financials • Taylor Young Marketing

  4. The Idea • Taylor Young, co-founder, returned from Chicago with an idea. • Start a business that would apply Rust-Oleum Epoxy Shield to garage floors

  5. The Overview Stains Protects floor from Gasoline, Anti-Freeze, Brake Fluid, and Salt Durability Resist hot tire pick up and abrasions Epoxy Benefits Seal Covers you garage floor with a long lasting seal Cracks Repairs cracks

  6. The Process Day 3 Day 4 Day 2 Day 1 • 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 • 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

  7. The Rates

  8. The Transformation

  9. Part II. Entrepreneurship

  10. Key Questions • Where to put customers’ garage items? • Where will we keep the money? • How will the money be split up? • How will we keep from getting sued?

  11. The Answers • 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?

  12. The Liability • We drew up contracts with the customers • Protect us from theft • And damage later on

  13. Part III. Financials

  14. The Costs Sample transaction log

  15. The Bank Account • Comerica Bank • Established under company name • Debit card • Minimum balance

  16. The Job Costs Epoxy Shield Epoxy Shield $84.00 x 1 = $84.00 Etch $11.39 x 1 = $11.39 Etch Paint Materials Paint Trays: $1.99 x 1 = $1.99 Brushes: $4.99 x 3 = $14.97 Buckets: $4.99 x 2 = $9.98 Total Materials Cost: $197.28 Degreaser $8.95 x 1 = $8.95 Paint Materials Degreaser Premium Seal $66.00 x 1 = $66.00 Premium Seal

  17. The Time Keeping Sample time log

  18. Part IV. Conclusion

  19. The End Contacted design engineer to better our process and product Have a client waiting list

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