They connect with their enterprise “BAM,” and that is the affect this West Texas company consulting agency is hoping to have as they help business owners in Odessa and Midland launch their new corporations, and aid present corporations expand.
Considering the fact that starting off the consulting firm in February 2020, BAM co-house owners Michael Crain and Angel Garcia have guided dozens of Permian Basin business owners via the procedure of finding their enterprises started out off on the appropriate foot.
“We supply personalized-built business enhancement methods – from helping to establish a small business and advertising strategy, to assisting entrepreneurs get the assets they have to have to be effective,” explained Crain, the company’s govt husband or wife. “We’re a business enterprise serving to companies.
“The idea is to be a partner for the daily life of the business enterprise.”
The Midland-based mostly firm performs with a wide variety of providers, together with individuals in the food and restaurant business, retail, trucking and oil providers, mentioned Garcia, the company’s co-executive companion.
In addition to operating a person-on-one particular with customers, the firm provides a variety of on-line lessons taught by Crain, a previous small business professor at UTPB.
Generally-occasions clients get there with an strategy that is not fully assumed out. It’s Crain and Garcia’s occupation to support their customers flesh-out the prepare, or be straightforward and reveal why it won’t get the job done and consider to steer them in a route with a rather possibility for good results.
“Last yr we had a truck driver come to us,” Crain reported. “He desired to be an unbiased business enterprise operator but we understood he would be a tiny fish in a huge pond.”
Crain and Garcia spelled out to the truck driver that it would be hard, if not not possible to compete with bigger trucking firms. But as a substitute of letting him give up on his desire, they proposed a distinctive program.
They related him with 3 other independent truck drivers with the very same desire to start off their have enterprise. After conference, the 4 trucker motorists made the decision to join forces and make just one more substantial organization which enabled them to mix resources, Garcia reported. The locally-dependent business is flourishing and continuing to improve one particular 12 months later on.
By signing up for forces, the truck motorists developed a greater corporation that had more leverage when bidding on positions, Garcia reported. They also complimented just about every other since each truck proprietor specialized in a unique area for case in point, one particular gentleman was a sand hauler, a further owned a refrigerated truck.
Crain and Garcia just lately helped a further team of business people merge forces and begin their possess oil firm.
“A large amount of individuals want to become business people, but there is a ton of concerns they really do not ask,” Crain stated. “We check out to educate them to appear at the marketplace and ascertain if they can handle the demand.”
Crain and Garcia’s very own enterprise enterprise received off to an unforeseen bumpy start. They moved into their Midland headquarters at 3107 N. Big Spring in February 2020 just months in advance of the COVID-19 pandemic shut down most organizations in the course of the state, like Texas.
“I still left a different occupation in February and then COVID strike,” Garcia explained. “It felt like we experienced walked off a plank.”
But the seasoned businessmen didn’t worry. They were currently working with many consumers which held them afloat last 12 months. In December, they acquired their existing setting up.
Crain and Garcia say their blended experiences support them relate to other business owners, or as Crain states, “We’ve completed what they are striving to do.”
Crain is a longtime entrepreneur and taught organization-linked classes for 10 a long time as a UTPB professor. Garcia was one particular of Crain’s college students.
“I experienced tried a lot of moments to operate my possess enterprise and experienced achieved a position wherever I was finished with hoping to be an entrepreneur,” admits Garcia, who grew up in Austin.
He enrolled at UTPB about 6 decades back with the new objective of getting a historical past trainer. Crain’s teaching type and passion for organization reignited Garcia’s enthusiasm.
The teacher and student grew nearer and resolved to launch BAM which is an acronym for company acquisition and mergers.
“That’s the true story powering BAM,” Crain admits as both gentlemen commence to chortle.
“It’s also a little something you say when a person has a wonderful strategy and does one thing with it,” Garcia adds. “And then it is “‘Bam!’ that works.”
BAM truly has two factors, Crain said. BAM BIZHUB is the nonprofit facet of the enterprise that gives totally free and lower-charge business lessons. In 2022 they plan to launch their to start with Substantial School Bootcamp, a 4-7 days method that will introduce youthful persons to the thought of grow to be an entrepreneur. BAM is the for-profit side which will work with shoppers to acquire their companies.