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Courtesy Company Nabil Kassam founded Noble Iron, a company that rents and sells heavy equipment for the construction industry, in Just out of Stanford business school, he was faced with an uncertain market, but came up with a business plan that upended traditional sales channels in the heavy construction industry.
Today Noble Iron is thriving, with employees in the U. I sat down with Nabil to find out how he updated a very closed and traditional sector.
The following is an edited version of our conversation. Yes everything we do at Noble Iron is either online or via call center fulfillment. What that does is really drive down overhead, which lets us come in at about a 30 percent lower price point than our competitors. This allows us to continuously improve the Noble Iron experience.
What made you realize an idea like that was transferrable to heavy equipment? Books and movies are one thing. But renting earth movers and cranes online? This is my third venture in construction and industrial equipment.
However, we were purely an amalgamator with Rent On The Dot.
Rental companies provided inventory and customers rented it. With Noble Iron, we are a platform that owns inventory for rent; sells equipment; offers ERP software applications to our customers and other rental, dealership and construction companies; and is also an equipment marketplace.
Social media was really on the rise and I saw things such as Yelp and Open Table coming to the forefront. That opened my eyes to the possibility that the Open Table model could be brought into the construction equipment world.
I consider us a forward company. Everyone needs to embrace innovation and technology as a fundamental way of doing business.
If you look at Amazon, they probably own more brick and mortar infrastructure than most of their traditional retail competitors.
During the early part of your career, you were doing turnarounds. What brought about the shift to being more purely entrepreneurial? And during most of the time I was in business school, I thought I would go back into turnarounds when I graduated.Jun 01, · Edward Spence, franchise business planning manager for Asheville, N.C.-based Volvo Construction Equipment Rents, developed a proprietary business model program for the company that highlights a comprehensive business plan for new Volvo franchisees that works through financial figures and provides pecuniary summaries for the first five years.
Business Plan for Platte County Assisted Living Facility Page 6 Based on these costs, the county will need to borrow just over $2 million (55% of total cost) to fully fund the ALF construction.
It is acknowledged by reader that information to be furnished in this business plan is in all respects custom component or accessory item that may be required to complete the formwork package.
have realized substantial savings in labor and material costs by using structural contours construction methods, systems and equipment. If your business has a really bad credit or less-than-perfect credit, it is not impossible to get heavy construction equipment loans.
There are financiers such as Business Loans for Bad Credit which has the ability to get you even the heavy equipment financing you need today.
Identify what equipment will be needed to efficiently process the recyclables. Processes such as sorting, baling, storage, and delivering the recyclables for easier transport and reuse should be evaluated.
This would further mean that even the most ordinary buildings are built in accordance with the highest standards, from the concept, to the materials and equipment utilized, to the entire construction process, to the quality and safety control.