Starting and Maintaining a Business | AIChE

Starting and Maintaining a Business

Type

Conference Presentation

Conference Type

AIChE Spring Meeting and Global Congress on Process Safety

Presentation Date

August 19, 2020

Duration

20 minutes

Skill Level

Intermediate

PDHs

0.40

In this presentation I will share my experience in starting and successfully operating a consulting business in environmental, health and safety. I started a consulting business ten years ago and since have managed to successfully generate increasing revenue stream while maintaining good profit margins.


This talk will discuss how to carve a niche which has a demand in service business, trials and tribulations in starting an enterprise from scratch including generating initial revenue, obtaining appropriate insurance and resources required both financial and human. I will also discuss my experience in setting up company name and logo.

Maintaining and sustaining a small service business requires being both a” seller” and “doer”. I will discuss balancing between need to sell work as well as complete technical projects. I will discuss my own overall approach to generating steady revenue stream. I will relate my experience in maintaining cash flow, balance sheet and other financial issues.

I will discuss some of the attitude and aptitude required to be successful in business based on my
experience. There is a lot of satisfaction and a sense of accomplishment in operating a business if there is a methodical approach with right attitude and ability to adapt to changes.

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Individuals

AIChE Member Credits 0.5
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AIChE Explorer Members $29.00
Non-Members $29.00