Tuesday, November 03, 2009

Crime Does Pay

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Dan Reynolds didn't set out to become an entrepreneur. Instead, the full-time firefighter and former commercial truck salesman from suburban Chicago wanted to hire on with a big crime-scene cleanup company. But when he was treated rudely during his interview in early 2007, he vowed to found his own company as payback. His Chicago Crime Scene Cleanup got its first job—a messy suicide in a home in Minooka, Ill.—three months later. He's been busy ever since. Today, in fact, the startup is up to nine part-time employees, drawn mostly from haz-mat teams at nearby fire departments, who scrub down everything, including foreclosed homes that have been soiled by vagrants and/or wild animals and meth labs. Says Reynolds: "If another contractor comes in and says, 'Ew,' that's where we go to work."

Reynolds, 35, and his 50/50 business partner, Michael Frakes, 36, who's also a full-time firefighter, began with $20,000 of their own for training in removal of biohazardous materials and equipment and $6,000 for marketing. They also went without pay for a spell. Reynolds projects $400,000 in revenue in 2009 and at least $700,000 in 2010. Chicago Crime Scene Cleanup's contract with the U.S. Drug Enforcement Administration in Minnesota, Wisconsin, and northern Illinois accounts for about a third of revenue. The expected bump in 2010 income stems from getting licensed to dispose of prescription medicines.

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Link of the day - If You Sell Links On Your Site, I Will Buy Them Off You