Hello. I currently am a partner at the consulting firm McKinsey & Company. I am financially independent, but I would like to start my own company when I leave. I have an idea for a company that I could start. It would be a boardroom facility company. You know that their are currently many home based businesses and online businesses that are starting each day. What happens when thte owner of the business needs to have a meeting regarding something important about the company? Where do they go? They don't have a boardroom. What happens when someone is traveling for work and needs a boardroom for a meeting with potential clients? Sure, they could use the hotel boardroom, but most of the time, they are untidy and booked.
At first my company would purchase some space in a office building in a location that is filled with business (NYC, Chicago, etc.). We would then turn that space into a full business meeting facility. Each facility would have multiple board rooms, offices, printers, fax machines, Internet access, catering services, projectors, laptops, and secretary services. People would be able to book their meeting. They would pay a fee based on the room type needed, and other features. There could also be a lounge that serves drinks when people are waiting. At first, we would only have a couple locations, and as we grow, we could maybe go world wide. Unlinke companies that do this type of service already (regus), our main focus would be on business meetings instead of office realty. As the company grows, we could partner with airlines and have lounges in airports. We could also offer a private jet rental. Starting costs would be around a few million just for one location, marketing, and to build the space. I would use some of my own money as well as pitching to a venture capital firm. Is this a good idea? Could it be profitable?
Thanks.
At first my company would purchase some space in a office building in a location that is filled with business (NYC, Chicago, etc.). We would then turn that space into a full business meeting facility. Each facility would have multiple board rooms, offices, printers, fax machines, Internet access, catering services, projectors, laptops, and secretary services. People would be able to book their meeting. They would pay a fee based on the room type needed, and other features. There could also be a lounge that serves drinks when people are waiting. At first, we would only have a couple locations, and as we grow, we could maybe go world wide. Unlinke companies that do this type of service already (regus), our main focus would be on business meetings instead of office realty. As the company grows, we could partner with airlines and have lounges in airports. We could also offer a private jet rental. Starting costs would be around a few million just for one location, marketing, and to build the space. I would use some of my own money as well as pitching to a venture capital firm. Is this a good idea? Could it be profitable?
Thanks.