- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Business advice
Posted on 8/31/23 at 9:36 pm
Posted on 8/31/23 at 9:36 pm
I’ve been working for a major oil and gas company for almost 20 years (since 19) and have continued to move up over the years. I would love to start consulting for myself at some point and hopefully grow a small business. Is there a big market around BR for process safety/ risk management consulting? How difficult is it to get on a supplier list for the larger plants? I like solving problems and helping people and I think i would be successful if I could get a start. Any advice or insight is appreciated.
3
Posted on 8/31/23 at 11:09 pm to mequan
quote:
. Is there a big market around BR for process safety/ risk management consulting? How difficult is it to get on a supplier list for the larger plants?
Until you know the answers to these questions without reaching out to TD; it’s not time for you to be an entrepreneur.
Posted on 9/1/23 at 5:56 am to wiltznucs
Literally just started looking into it and obviously not “ready”. But thanks for the insight
Posted on 9/1/23 at 6:06 am to mequan
Yes there is demand for it and a few smaller firms have popped up lately like Bear Process Safety. I’d suggest joining an existing firm first for a few years to learn the biz and make contacts.
Posted on 9/1/23 at 9:37 am to BourbonDad
quote:
I’d suggest joining an existing firm
and watch what you sign.
Posted on 9/2/23 at 5:53 am to mequan
quote:
Literally just started looking into it and obviously not “ready”. But thanks for the insight
He’s right. Those are business 101 type of questions and until you not only know the answers but have multiple opportunities that need you yesterday you are likely not ready to start a business.
Not only that, but you have to be better than anyone else. You also have to have your credentials ready. O&G can be the Wild West but it can also have very strict requirements. There’s a good chance if you don’t have your i’s dotted and your T’s crossed they may offer to hire you until Corp has to pass because of technicalities.
Posted on 9/2/23 at 11:01 am to baldona
I appreciate the advice. I know I’m not ready. I just started looking into using the skills I have and will continue to get In my current role to work for myself further down the line. Mainly just looking into what skills are transferable from offshore O&G to the plants. Im talking 10-15 years down the road, not quitting my job.
Posted on 9/2/23 at 11:12 pm to mequan
Another option is to buy an existing book of business, such as from an owner that is about to retire, etc. There are business broker websites that can help you find opportunities that you can get loans through FedGov/SBA (you did say you were 1/16th Chitimacha right?) to pay for.
Also, don't ignore businesses that are outside of your comfort zone, like buying carwashes, etc. It's not sexy, but the point is to make money. Whatever makes money, I'm willing to buy/do. A couple of years ago, I was only focused on IT/Information Security businesses, and I should have been thinking about the money.
Except bars and restaurants, that would be a disaster.
Also, don't ignore businesses that are outside of your comfort zone, like buying carwashes, etc. It's not sexy, but the point is to make money. Whatever makes money, I'm willing to buy/do. A couple of years ago, I was only focused on IT/Information Security businesses, and I should have been thinking about the money.
Except bars and restaurants, that would be a disaster.
Posted on 9/6/23 at 1:57 pm to mequan
If you have to ask a bunch of mouth-breathing heathens from TD on how to start a business, then you probably shouldn’t even try
This post was edited on 9/6/23 at 2:08 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News