Wednesday, March 8, 2017

Entrepreneurs Succeeded — But Only After Failing Once Before

Entrepreneurs Succeeded — But Only After Failing Once Before
… For Mark the hard-fought lesson of his first venture was that undercutting the competition on price isn’t necessarily a winning long-term business strategy. He bought Watko Roofing and Sheet Metal in Oregon back in the 80's to cater to commercial builders who needed roofing. No repairs, no custom work, no residential jobs — easy, he thought. “But it was all contractors looking for the cheapest possible bid,” Mark says. And lowball bids meant he couldn’t give customers his best work, which also meant most didn’t hire him a second time. Five years in and $300,000 in debt, Mark liquidated the company and took a day job.

In 1996, Mark decided to try owning a business again, launching Bogota Roofing & Sheet Metal. This time, instead of focusing on new construction, he offered repairs, reroofing, sheet metal work, seismic retrofitting and other custom services to commercial building owners. All the while, he stuck to his pricing, refusing to play the lowball game.

“There are people who shop at Nordstrom for its quality and service, and people who shop at Walmart for its prices,” Mark says. By earning the trust of the Nordstroms crowd, he’s built a $10 million company with customers in Oregon, Washington, Idaho and California.

We have customers who have been with us for 20 years and continue to hire us.”
— Mark, Bogota Roofing

We are the Nordstroms of Roofing in DFW.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Waiving the deductible rumors

HOW INSURANCE CLAIMS WORK When an insurance claim is filed on a property, the insurance company is paying fair market value to bring tha...