Colombia Business Pojects, Uncategorized, What I'm up to — September 16, 2021 at 12:43 am

Colombia Projects – Better Data

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BETTER DATA DIGITAL ARCHIVE SOLUCTIONS

A lawyer friend told me about a Colombian law that passed requiring all businesses and other entities dealing with the public to digitize all documents related to record-keeping and transactions. He and his accountant friend knew my entrepreneurial spirit and assured me that they had many customers and connections to keep me busy if I set up a structure to provide a high-speed scanning service.

I poured over a business plan that allowed for modular growth according to the market demand and could scale to other cities in Colombia.

It was a great idea. There was no inventory, no accounts payable, and no accounts receivable. My equipment could be transported on a motorcycle if needed. I could set up a scanning station at the client’s location, or they could deliver boxes of records to my house. The final results were contained on a memory stick, or if they paid a small subscription fee, I would host their records in the cloud.

After buying the essential equipment and supplies on credit, I gathered several boxes of bounded record books to learn and establish optimal output.

Logo design and promotions were the fun part. I wanted a logo that I could animate in some way to make a talking character and give it personality.

Better Data Digital Archive Solutions never took off. Unfortunately, my connections didn’t sell my services to their professional friends. And after scanning dozens of books or records, a future of only scanning documents all day, every day occurred as bleak and boring. However, the business structure is sound with a passionate personality type and the helm.

If you want to do a business like this and want an established production structure with a solid business plan, let’s talk.

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