life.of.sp0rk

All this talk about degrees and business courses today (yeah, I finally got accepted into UA for the fall 2008 semester, w00t) has lead to numerous conversations about my ambitious business ideas with many of the conversations ending with the person going “huh?” This makes me believe that I’m not clear about what my company is all about which kind of scares me since I’m Mr. Confident about it. So, here’s a through, written, well thought-out explanation of my corporation Bibwell Enterprises, Inc.

Like every company in the world, Bibwell has a mission statement and it is as follows: “To start, own, and manage domestic and international businesses; earn profits by way of nonpareil, emerging technologies and imaginative designs; and construct a successful, globally-accepted company. ” Put simply, I want to own companies that are unique in nature and can make a difference in the world. For example, let’s take the Amtrak passenger rail: it’s old, fully subsidized by the government, and barely breaks even, I’d want to create my own, competing passenger rail service that’s bigger, better, and profitable than Amtrak.

Currently, I’m in the process of starting my first service called ministryInSites. It’s a site builder targeted at religious organizations. I imagine it to be rather profitable since the niche is so large with not too much penetration in the market due to sky-high prices and firms trying to take advantage of them. It’s global because it’s internet based and not actively targeted at one nation.

What I want the most of out my company is to be able to take the small companies, take over the business part of things, and make the business profitable.

Let’s take a case study I’ve been working on for a few weeks: a party supply store in the Northport area. The owners (there’s two) are just like most small business owners: great in their field of business but have no formal training of any sort along the lines of business. Like the very true Quickbooks ads, running their business gets in the way of running their business. That’s where I come in.

I’d buy their company from them (and incorporate, if necessary), taking over every aspect of the business except the retail store. The current owners will become an employee of mine, along with board membership to give them the well earned corporate steering power.

My consultants (when I get them) will come in and revamp everything from accounting practices to marketing techniques. This will, hopefully, make them profitable. This profit will probably be used as expansion capitol across down (or whatever the board sees fit). They’ll be the next McDonald’s of the party supplies industry in no time.

That’s my dream that I hope to start conceiving in the very near future.

Welcome to a Bibwell world. (Btw, if you know any companies that are interested in selling, leave me a comment!)

Ciao,
Logan