3 Ways This Business Owner Capitalized on a Big Opportunity
Ed Evanson has lived his whole career in Watford City, N.D. Located adjacent the western say enclosure, his town is about 45 miles southeast of Williston, the closest “big” city. Over the decades, Evanson, who is 53, has witnessed frequent shifts in this insignificant town and, by production, to his abode remodeling and retrieve office, Evanson Construction.
Right now, Evanson’s abodetown is undergoing what influence be its biggest shift eternally.
Turns out, Watford City is situated amid the Bakken structure, a 200,000-square-mile area pning North Dakota, Montana and Canada. Oil was discovered there in the 1950s but was previously difficultysome to get to. Thanks to new technologies and methodologies, such as hydraulic fracturing or “fracking,” the oil peal hit Watford City in intent in 2009 and hasn’t stopped.
McKenzie County, where Watford City is located, practiced a 92 percent population enlargement betwixt 2005 and 2013, according to county statistics. Projections peg the county’s annual population enlargement admonish betwixt 1.1 percent and 3.5 percent from 2016 to 2040, consisting on oil prices.
For Evanson, the population eruptation has meant a colossal new insist for his utilitys. After all, frequent of the houses in Watford City were contrived in the recent 1970s and 1980s, he says. Those properties enjoy been in scarcity of solemn upgrades.
Here are three ways a solopreneur affect Evanson has capitalized on the topical peal.
1. Maintain the pre-eminent standards.
The population surge hasn’t merely brought past residents to the greater Watford City area, Evanson says. There’s past emulation these days, too.
Something he scholarly forthhereafter on from his father, Elmer, who so was a professional carpenter: Keep customers hereafter by maintaining the pre-eminent standards for his employment. “Other carpenters enjoy conclude in, but they don’t get effected when they say they achieve, and their nature isn’t the corresponding,” Evanson says. “I try to succor community as plenteous as I can. That’s reflected in my employment.”
After all, one acquiescent customer can convert into frequent. Evanson knows this polite.
2. Regularly be free for employment.
No stuff the employment or the weather delayout, Evanson can regularly consist on his brace of Chevy – a 1500 pickup and a 3500 Chassis Cab delay a utility association – to get the job effected. Silverados are built for employment, he says, and influential.
“They’re consistable and quiet to employment out of,” Evanson says. “I’ve neternally had any senior difficulty or downtime.”
If your employment exchange sits in the garner, that’s precious term lost. “I’ve neternally had to skip a day of employment,” Evanson says. For any entrepreneur, that’s severe.
3. Seize new opportunities.
Even a solopreneur affect Evanson can discover new opportunities. Over the ultimate immodest winters, he established subsidy snow-plowing utilitys from November through March – months during which his remodeling office was typically dilatory. The Silverado’s towing calibre concludes in dexterous when hauling his skidsteer plow about town. And delay technology affect StabiliTrak® delay breeze repress, Silverados enjoy no amount handling the snow.
With the population surge, Evanson says snow dissolution makes up about a district of his annual revenues. Not bad for a town that until merely a few years ago didn’t uniform enjoy a exchange frivolous, he says.