Well, just to update everyone, the three month contract with the construction company fell through. It's a long story, but basically one of the guys was not what we thought he was, nor what he advertised. He was unlicensed and had some bad references from other businesses that he did in the past. So needless to say, I have distanced myself from that situation. So right now, my outlook is very confused... I have some positives going on, but at the same time, 3 months from now I may have to go find steady work to keep myself afloat. I've been working hard to get some things done so we'll see what happens in the near future. I'm still excited about what may come towards the end of the year/beginning of 2009, but it may be worth my while to go get a job that still allows me to do some outside consulting and business development.
I have also started taking online classes on options trading. I decided to treat myself for my birthday. I've been looking into it for the last 3 years, and have done a bunch of research on it and decided that now is the time to pull the trigger. Among my plans at some point, I plan on going to get my series 7 to allow me to legally manage other's money. So we'll see what happens.... I can probably say though that there aint gonna be much in the way of Christmas gifts this year. I hate to dissapoint but I may be spending my time in line at the soup kitchen. (not really, but money will go to where it needs to)
With all that being said, this week I'm "supposed" to be going to Miami on Thursday to look at a business to get into, but that may get postponed til next week or something. Other than that, I've been enjoying being in Baton Rouge. I've been doing some socializing with the BR elite and doing some volunteering to meet some of the local business leaders. So, regardless of what happens I believe I am positioning myself to become successful regardless of what happens in the short term....
Monday, October 20, 2008
Sunday, September 21, 2008
updated contact info
Hey everone. I have new contact information for everyone. Get rid of anything else you had for me, as I have moved and gotten a new email address. Here is my new contact info.
3016 Sherry Ave
Baton Rouge, LA 70816
severett@tripleboar.com
3016 Sherry Ave
Baton Rouge, LA 70816
severett@tripleboar.com
Wednesday, September 17, 2008
Aftermath
Well, we finally got our power back last friday... We went 295 hours without power... for those of you who don't realize how long that is it's 295 HOURS. That is well over a day... We survived with a generator, a free standing a/c unit, and one room with two lamps. It wasn't too enjoyable and by that friday I was pretty much at my breaking point. Thank God, it came on when it did because I was beginning to become very irritable and rude... Anways, I promised I would put up some hurricane pictures, unfortunately I havent done that yet.
Just to update you all, I'm working with Gulf South Construction still, but they signed my company up to do their sales and marketing for hurricane recovery. There is definately alot of opportunity out there, but at the same time, there are hundreds of construction companies doing the same thing. I enjoy it and I've wanted to definately learn some things about construction, but I'm glad it's only a 3 month deal.... Again, it will be good knowledge to know whenever I build my own house or have to deal with other contractors. I'm working on some other ideas that I have as well. I know that one of these days, one of my ideas will hit and everything will be peachy, but sometimes it's hard to see the end when you're standing at the starting gate. Being young and relatively inexperienced in ownership and business development, i have some real up and down days. Today, to be candid, i'm somewhere in between. I know I have to be patient, keep pushing, praying, and working, but I'm definately ready for that big break.... But, enough rambling on... More updates later...
Just to update you all, I'm working with Gulf South Construction still, but they signed my company up to do their sales and marketing for hurricane recovery. There is definately alot of opportunity out there, but at the same time, there are hundreds of construction companies doing the same thing. I enjoy it and I've wanted to definately learn some things about construction, but I'm glad it's only a 3 month deal.... Again, it will be good knowledge to know whenever I build my own house or have to deal with other contractors. I'm working on some other ideas that I have as well. I know that one of these days, one of my ideas will hit and everything will be peachy, but sometimes it's hard to see the end when you're standing at the starting gate. Being young and relatively inexperienced in ownership and business development, i have some real up and down days. Today, to be candid, i'm somewhere in between. I know I have to be patient, keep pushing, praying, and working, but I'm definately ready for that big break.... But, enough rambling on... More updates later...
Friday, September 5, 2008
Hurricane Gustav...
Is a punk!!! He hit us labor day around 1:00 pm. I have pictures that I will post whenever I can get to my other computer... Anyways, it was crazy to experience. BR recorded wind speeds at over 90 mph, and a ship captain on the Miss. River recorded winds at over 100 mph. Our new house was spared any harm, but we are still without electricity and its Friday... We drove around BR and saw all the carnage that Gustav caused. There are 200 yr old trees across roads, trees in houses, and downed powerlines everywhere. After the storm, not a single stop light worked. In fact some of them were thrown 50 yards from the intersections. Luckily there were only 3 deaths credited to Gustav in LA, but I believe there were over 90 on some of the Caribean? islands. We are up in Shreveport right now visiting some family, but will probably head back to BR on Sunday. Some outlooks say that electricity will be back for 20% of the city this weekend but the rest could be 3-4 weeks. In Assumption parish, which is south of us, they are saying it could be 6-7 weeks and they aren't even allowing people to come into the parish.
However, with all the destruction that Gustav brought, it also brought alot of opportunity. Just like with Katrina and Rita, there will be plenty of work to be done. Our business is looking at getting into roofing and some other opportunities. We'll see how it goes. I will say though that there is some internal conflict that we will need to address when we get back with our third partner, that coul bury it all. However, CT and I have prepared diligently for an exit strategy and regardless of what happens I think we will still meet our goals... I'll update again whenever I have more info....
However, with all the destruction that Gustav brought, it also brought alot of opportunity. Just like with Katrina and Rita, there will be plenty of work to be done. Our business is looking at getting into roofing and some other opportunities. We'll see how it goes. I will say though that there is some internal conflict that we will need to address when we get back with our third partner, that coul bury it all. However, CT and I have prepared diligently for an exit strategy and regardless of what happens I think we will still meet our goals... I'll update again whenever I have more info....
Monday, August 18, 2008
sorry....
I apologize that I have not updated my blog lately. I have been extremely busy trying to work this first deal with CT and Chandler and coordinating a bunch of logistics... I'm having to try to raise money for another company, raise money for our business, find an income, and move all at the same time... It's really friggin crazy.... It gets really hard to focus when you don't know how long you are going to be able to survive on the amount of savings that you are tapping into. This week we are giving some of the investment proposals to some potential investors in our GSI deal. We are looking for about $500k that includes two $85k spray rigs, and a bunch of operating capital. If we get something i between that, we'll be good to go, but it will be the best situation possible to get everything we can. Other than that I have spent nearly zero time in houston the past few weeks. I'm ready to be moved to Baton Rouge, but I am absolutely sick of moving all of my things. The good news is though, we have found a house. It is a 3 bedroom with about 1800 sq ft of living space. It will have plenty of room for CT and I to spread out and relax... We're renting the place from a fellow book guy by the name of Chris Flanagan. He is a good friend of CT's and I have known him for a few years as well. Anyways, thats about it for now... All of you please pray for my patience and persistence in starting this business, and pray that we have everything in place that we need to make it succesful and that it will happen....
Friday, August 8, 2008
First Deal
Well, things have started out pretty good so far. I still don't have a place to live in BR yet, and I currently have no income (that should change pretty soon), but we do have our first deal as a company, and we've actually already had many more people approach us on possible deals. It's never a bad thing to have choices, but we are going to try to focus on one job at a time.
This first deal is with a company called Gulf South Construction. They have an insulation product from Bayer and Energywise that goes in residential and commercial buildings. It is spray polyuerethane? foam so you are probably asking whats the big deal? Well Gulf South Insulation (GSI) is the only contractor in LA and most of Miss. that has this specific product. There are other companies that have foam, but only ours has the EnergyWise guarantee. What that means is that if you buy our product, EW will guarantee your utility bills for the next 2 years down to the PENNY! If it goes over at all they will pay for it. The foam will decrease your utility costs by about 50% per month and require 1/2 the tonage of an AC/Heating unit.
Anyways, the owner of this company has asked us to come in, and raise capital, and increase sales revenue by $1.5 Million. If we do this our company gets 25% ownership of GSI and it will provide incomes for us in the interim with our sales... We've looked at the numbers and using our contacts in Baton Rouge, we believe $1.5 will be like shooting fish in a barrel. For example a typical 3,000 sq. ft. house is about a $28,000 job. We will have a bunch of those not to mention the occasional 70,000 sq ft hotel, and the 40,000 sq ft warehouse. Not to mention LA has approved like 16 new schools to be built, and our CEO knows the Superintendent of all schools in LA. All this being said, we don't know what will happen, we can only pray and work our tails off to get this done, but the potential is def. there.
The coolest thing about it in my opinion is if we get revenue to $2.5 million at a minimum ($1 million they did this year + our 1.5 mil next year) that business becomes valued roughly somewhere between $7.5-$10 mil. (3-4x revenue). That means our company after this one deal, in one year becomes valued at $1.875-$2.5 million! Not a bad year!!! Will it happen? I think so. Could I be just blowing smoke? maybe, i doubt it... But i guess what i am saying is that it never hurts to dream....
I think God's timing and presence is evident. Now i'm not saying it won't be hard, but I think He has laid the road in front of us. This road goes over mountain tops and in valleys, but I'm ready for it and I believe it will be very rewarding....
This first deal is with a company called Gulf South Construction. They have an insulation product from Bayer and Energywise that goes in residential and commercial buildings. It is spray polyuerethane? foam so you are probably asking whats the big deal? Well Gulf South Insulation (GSI) is the only contractor in LA and most of Miss. that has this specific product. There are other companies that have foam, but only ours has the EnergyWise guarantee. What that means is that if you buy our product, EW will guarantee your utility bills for the next 2 years down to the PENNY! If it goes over at all they will pay for it. The foam will decrease your utility costs by about 50% per month and require 1/2 the tonage of an AC/Heating unit.
Anyways, the owner of this company has asked us to come in, and raise capital, and increase sales revenue by $1.5 Million. If we do this our company gets 25% ownership of GSI and it will provide incomes for us in the interim with our sales... We've looked at the numbers and using our contacts in Baton Rouge, we believe $1.5 will be like shooting fish in a barrel. For example a typical 3,000 sq. ft. house is about a $28,000 job. We will have a bunch of those not to mention the occasional 70,000 sq ft hotel, and the 40,000 sq ft warehouse. Not to mention LA has approved like 16 new schools to be built, and our CEO knows the Superintendent of all schools in LA. All this being said, we don't know what will happen, we can only pray and work our tails off to get this done, but the potential is def. there.
The coolest thing about it in my opinion is if we get revenue to $2.5 million at a minimum ($1 million they did this year + our 1.5 mil next year) that business becomes valued roughly somewhere between $7.5-$10 mil. (3-4x revenue). That means our company after this one deal, in one year becomes valued at $1.875-$2.5 million! Not a bad year!!! Will it happen? I think so. Could I be just blowing smoke? maybe, i doubt it... But i guess what i am saying is that it never hurts to dream....
I think God's timing and presence is evident. Now i'm not saying it won't be hard, but I think He has laid the road in front of us. This road goes over mountain tops and in valleys, but I'm ready for it and I believe it will be very rewarding....
Wednesday, August 6, 2008
Since everyone else is doing it...
Well, since everyone else in the family has a blog, i guess i will do one so everyone can keep updated on what i'm doing in my crazy world. I will try to update it regularly, but I know that may be a stretch... I thought, since I'm going through a big transition period in my young life, it would be good not only to tell the people i care about what i'm doing but to also blog my thoughts... I guess it's alot like writing in a journal. I hope it helps me organize my thoughts and keep me level-headed...
Anyways, for those of you who don't know I'm moving back to Baton Rouge at the end of this month to start a business with my friend CT and mentor Chandler. I've tried to start businesses before, but never really bought into the idea of burning the boats. For those of you who aren't familiar, the term burning the boats means leaving yourself no options for retreat. In order to do so I have liquidated some of my stocks and mutual funds (not much, thanks to wal-marts bad timing) and am banking alot on this. However, I wouldn't do any of these things if I didn't believe that I could... Just a side note, I dont really care about grammar and capitalization when i'm rambling so just get over it... I'm really upbeat about the opportunities ahead of me, and can see alot of potential, but still need to be prepared for "the worst case scenario", so I will try to plan accordingly. Let's pray it never gets to that point.
As far as my partners go, CT has been a friend of mine for about 4 years now. We met selling books door to door and he has also built a very succesful insurance practice in the last 3 years. He is also closing that chapter in his life to pursue the same dream. Chandler is a 34 yr old experienced entrepreneur? who is married with two small children. He is a devout Regnum Christi Catholc who is completely different from any other catholic i have ever met. I mean that in a very good way. Chandler built his own business wile in college in the Cellular Technology industry and was worth about $11 million by the time he was 26. He had a private box in Tiger Stadium and had a beautiful wife. He had a meeting set to get a $30 million line of credit for his business in NYC to basically secure his and his business' future. Unfortunately his appt. was set for September 12, 2001. Needless to say, the meeting didnt happen, and he went from being worth $11 mil. at age 26 to being $1 million in debt, having his house and car repossesed, and his wife walking out of him. Since then he has found the Lord and has developed a VERY strong faith and is now happily remarried to a strong christian woman.
With Chandler's leadership and experienceas CEO, CT as our CFO/CMO, and me as our President and COO I think we are poised to do great things. WE are still working on names. I will update you all as soon as we decide on something... Anyways, I'm tired and this has been enough of an update...
So to wrap it all up, I've finally caved in and started a blog... I hope you all enjoy....
Anyways, for those of you who don't know I'm moving back to Baton Rouge at the end of this month to start a business with my friend CT and mentor Chandler. I've tried to start businesses before, but never really bought into the idea of burning the boats. For those of you who aren't familiar, the term burning the boats means leaving yourself no options for retreat. In order to do so I have liquidated some of my stocks and mutual funds (not much, thanks to wal-marts bad timing) and am banking alot on this. However, I wouldn't do any of these things if I didn't believe that I could... Just a side note, I dont really care about grammar and capitalization when i'm rambling so just get over it... I'm really upbeat about the opportunities ahead of me, and can see alot of potential, but still need to be prepared for "the worst case scenario", so I will try to plan accordingly. Let's pray it never gets to that point.
As far as my partners go, CT has been a friend of mine for about 4 years now. We met selling books door to door and he has also built a very succesful insurance practice in the last 3 years. He is also closing that chapter in his life to pursue the same dream. Chandler is a 34 yr old experienced entrepreneur? who is married with two small children. He is a devout Regnum Christi Catholc who is completely different from any other catholic i have ever met. I mean that in a very good way. Chandler built his own business wile in college in the Cellular Technology industry and was worth about $11 million by the time he was 26. He had a private box in Tiger Stadium and had a beautiful wife. He had a meeting set to get a $30 million line of credit for his business in NYC to basically secure his and his business' future. Unfortunately his appt. was set for September 12, 2001. Needless to say, the meeting didnt happen, and he went from being worth $11 mil. at age 26 to being $1 million in debt, having his house and car repossesed, and his wife walking out of him. Since then he has found the Lord and has developed a VERY strong faith and is now happily remarried to a strong christian woman.
With Chandler's leadership and experienceas CEO, CT as our CFO/CMO, and me as our President and COO I think we are poised to do great things. WE are still working on names. I will update you all as soon as we decide on something... Anyways, I'm tired and this has been enough of an update...
So to wrap it all up, I've finally caved in and started a blog... I hope you all enjoy....
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