Skip to main content

3A – Your Entrepreneurship Story


3A – Your Entrepreneurship Story

ENT3003

Chris Ward

            Shortly after I earned my Master Electrician license, I thought it would be a good idea to go into business for myself.  In 2005 I started my own business and named it Electrical Innovations Inc.  Things were great for about five years, I was working at my own pace and was able to really focus on customer needs and satisfaction.  Things changed when I started taking on commercial clients.  Shortly after that I started to employ other electricians and subcontractors and that’s when it all went downhill.  I made many mistakes in the later years of my business but the biggest one was not letting my employees run projects and thinking I had to do everything.  This led to me not running the business as it should have been and causing me and my family a great amount of stress.  After being in business for almost ten years my wife and I decided it was no longer sustainable and decided to shut it down and refer all my clients to another electrician and good friend.  Shortly after, we moved to Florida to escape the cold dark Maine winters and now, I’m enrolled in Business school to learn how to avoid those mistakes in future endeavors.

Logos I used over the years





Comments

  1. KirbyMcMullenJanuary 21, 2019 at 4:45 PM

    Chris,
    Your entrepreneur story is a great one. It takes tremendous amounts of guts to come up with an idea and follow through with it. It can be difficult to put trust in the employees sometimes, but I believe it is the reason that makes or breaks companies. I am sorry the business ended up following through, but hopefully you have many more ideas that can write new chapters to your entrepreneur story.
    -Kirby

    ReplyDelete

Post a Comment

Popular posts from this blog

7A – Testing the Hypothesis, Part 1

7A – Testing the Hypothesis, Part 1 ENT3003 Chris Ward Local Coffee Shop Opportunity: There is a need for a small locally owned coffee shop in the area of my home. ·        The Who:   People on their way to work ·        The What: People in need of a coffee for their ride into work ·        The Why: Many people drink coffee and want a better option than homemade. Testing the Who: People in my local area who leave for work wanting to pick up coffee for the drive in.   There may also be a need for people driving through the area at any time of day. Testing the What: Coffee may not be the only need that can be satisfied by a local coffee shop.   There may also be a need for a small breakfast.   Testing the Why:   People driving to work in the morning need another option than homemade coffee.   People may also want a light breakfast.   Betwe...
2 comments
Read more

21A – Reading Reflection No. 2

21A – Reading Reflection No. 2 ENT3003 Chris Ward Mindset by Carol S. Dweck, Ph.D. 1) What was the general theme or argument of the book? ·       This book is about the two mindsets people tend to have.   The fixed mindset, where you believe things are the way they are and unable to develop or change with work.   The other is the growth mindset, a much more desirable trait, which is when you believe that talents and intelligence can be developed with the right amount of work. 2) How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? ·       The theme of this book is all about development and taking failure as a lesson rather than defeat.   Having owned and failed in my own business, I understand the mindset it takes to learn from that experience. This book helped show me that, for the most part, I have a growth mindset and why that is so import...
1 comment
Read more

18A – Create a Customer Avatar

18A – Create a Customer Avatar ENT3003 Chris Ward A coffee shop patron…..could be anybody or everybody, but who are the repeat customers or regular customers.   I believe they would be the working class or college students.   The traits of this person are difficult to define.   The only thing they all have in common is coffee. To provide more detail I would have to single out a particular person, but I believe the best part of my business is that it is truly for anyone. I am the customer, everything about me could be true of any of my customers.   You are my customer; you have everything or nothing in common with my other customers.   We all want coffee though!
3 comments
Read more