I have been starting up a new business division in our company. Nationwide Parts Distributors has been an inside sales business with connections dating back to 1992. Now with the advent of Automotive Electronic Solutions, we are also a remanufacturer.
This is a completely different business model for Nationwide Parts Distributors. We designed the work flow, defined the core competencies for each position, set up infrastructure, hired employees, and opened for business. The ROI for the business turned out to be less than one month.
We did all of this in a new business format and performed well enough to maintain the highest possible rating with the Better Business Bureau. This is remarkable in that we avoided the typical start-up quality issues of a new business venture.
We are now in our third month of operation and have raised enough working capital to begin the process of purchasing the building we are operating in. This will increase our valuation in the market place and reduces our monthly cost of operation.
It has been hard work managing the changing design of the organization as we went through a steep growth curve. Even with a flexible, lean, organizational design, we have doubled the number of employees in the new business to accommodate the increase in throughput that our customers demand.
I am very proud of the team of professionals that work here at Nationwide Parts Distributors and Automotive Electronic Solutions. Their belief in the vision, and commitment to achieving it, has made it all possible.
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