Getting fired from a job could be the start of something great.
In January 2001, Betsy Fein of Maryland was laid off from her job as a
human resources director. Instead of going back to the rat race, she decided
to drop out of the corporate world for good and pursue her dream of becoming
her own boss. Betsy said: “I wanted to have the flexibility and freedom of
owning my own business, having more time for my kids, and the excitement of
starting something new.”
Her decision paid off. Today, she is the President of Clutterbusters
http://www.clutterbusters.net
, one of the leading and fast-growing professional organizing companies in
the country.
Making the Leap to Entrepreneurship
Betsy always had an eye for home organizing, a skill that has been
in-demand among her friends. Hence, it was no surprise that she decided to
explore the viability of a home organizing business when she decided to
become an entrepreneur. She said: “I originally became interested in this
profession because I saw a desperate need for this type of service in both
my own personal life as well as with friends and family.“
One of her first steps was to check out the demand and size of the
professional organizing market in Maryland. “I did some basic research, but
mostly it was a gut instinct that told me that this business was going to
explode. Even today, there is very little research available on this
industry,” Betsy said.
“I researched the profession and saw that there were relatively few
organizers in my area, and I felt that the business was sure to grow
rapidly given the fact that people have less and less time nowadays to do
anything, and most people want to spend their leisure time with family, not
clearing clutter,” according to Betsy.
Assured of the need for the service and number of competitors, Betsy
opened Clutterbusters in March 2002 and started offering her home organizing
services.
Challenges of Starting a Business
Betsy proved that a highly successful business could start on a
shoestring budget. Using her personal funds, Betsy said: “I started with
$5,000, and told myself, when it’s gone, there goes the business. I came
close to throwing in the towel a few times. My husband urged me to keep
going.”
Betsy faced a number of challenges during her startup face, the most
critical of which was finding affordable, dependable, quality vendors and
suppliers. “Of course, you are creating a business from scratch,” Betsy
said, “so there are marketing challenges, accounting issues,
computer/software issues, management and hiring, personnel, human resources,
payroll, etc.”
She had problems in setting a price and doing cost estimates. For
one of her first clients, she gave a cost estimate assuming that the project
would be done in 2 hours only to complete the project in 10 hours.
In order to better compete when she was starting out, Betsy charged a
lower price compared to her competitors. When the business reached a steady
footing, she raised her prices to the level charged by other professional
organizing companies. However, she found it hard to tell her clients her
new higher fees, forcing her to drop her prices again.
Findings Clients
To get clients for her new business, she advertised in the local papers
and magazines such as Washington Women, Washington Families and Washington
Parent. That first ad campaign was successful! In her first week alone, she
got about 10 calls as a result of the ads.
Today, the Web has become an
important marketing tool for her business. “I would invest in anything
Internet related, including pay per click, designing the best quality
website money can buy, website optimization (SEO), etc.,” Betsy shared.
From a one-person business, Betsy now employs other professional
organizers – a strategy that helped her increase her volume and improve her
services. Her husband Rick has also joined the business and is now the CEO
of Clutterbusters.
However, the quality of her company’s service is her most important
marketing tool. Her high standards for quality and focus on customer
satisfaction make Clutterbusters stand out from its competition.
As Betsy explained: “We train our organizers, we offer team jobs, we can
handle hoarders and extreme clutter, we are insured and bonded, we have been
around for 5+ years, we can guarantee next day appointments, we have a
satisfaction guarantee, you can book online, we offer total home makeovers,
we have a 100% rating from the BBB, we are the only company in our field to
franchise, we are the recognized industry leader.”
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February 2007
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