Showcase Floors

Showcase Floors Its Afloordable!

Part I.IntroductionThe TeamMatt RobinsonGeneral Operations

John PhelanFinancials

Taylor YoungMarketing

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

The Overview Epoxy BenefitsSealCovers you garage floor with a long lasting sealDurabilityResist hot tire pick up and abrasions CracksRepairs cracksStainsProtects floor from Gasoline, Anti-Freeze, Brake Fluid, and SaltThe Process Day 1Day 2Day 3Day 4Paint cement with Rust-Oeleum Epoxy Shield

Estimated Time: 2.5 hoursPaint over first layer of Epoxy Shield with Rust-Oleum clear coat

Estimated Time: 1 hourMove customers belongings back into garage

Estimated Time: 1.5 hoursMove customers belongings out of garageDegrease cement to rid of dirt and stainsEtch using a Rust-Oleum Acid etch

Estimated Time: 2.5 hoursThe Rates Size Cost450 sq ft $1.25 sq ft451- 750 sq ft$1.35 sq ft 750+ sq ft$1.45 sq ft

The Transformation

Part II.EntrepreneurshipKey QuestionsWhere 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?

The AnswersThe biggest concern: Where do we put the garage items?Pod?Self Storage?In house, contractWhat do we do with the money?Bank account?Split is up as we get it?

The LiabilityWe drew up contracts with the customersProtect us from theftAnd damage later on

Part III.FinancialsThe CostsSample transaction log

The Bank AccountComerica BankEstablished under company nameDebit cardMinimum balance

15The Job CostsEpoxy Shield$84.00 x 1 = $84.00Paint MaterialsPaint Trays:$1.99 x 1 = $1.99Brushes: $4.99 x 3 = $14.97Buckets:$4.99 x 2 = $9.98Etch$11.39 x 1 = $11.39Degreaser$8.95 x 1 = $8.95 Premium Seal$66.00 x 1 = $66.00EtchEpoxy ShieldPaint MaterialsDegreaserPremium SealTotal Materials Cost:$197.28The Time KeepingSample time log Job 1Job 2Job 3Matt 10.5 hrs6.5 hrs8 hrsTaylor 10.5 hrs2 hrs4.5 hrsJohn 8.5 hrs6.5 hrs8 hrsTotal29.5 hrs15 hrs20.5 hrs

Part IV.ConclusionThe EndContacted design engineer to better our process and productHave a client waiting list