It seems that every week we’re reading about another round of layoffs in the oil and gas industry. According to Houston-based Graves & Co., over 350,000 industry workers had lost their jobs since mid-2014.
Some chose to retire, some entered other fields, and some, with an entrepreneurial spirit and a wealth of knowledge and experience in oil and gas, chose to put those assets to work by servicing the industry they just left.
You see, when the industry downsizes in a large manner like that, they still have to operate. Make no mistake, even with lower crude prices, the US is still pumping oil at a pretty good clip. Even previously hard-hit areas like the Permian Basin are starting to see an increase in rig count. This gives budding entrepreneurs and veteran oil patch workers a golden ticket to combat the oil and gas slump with a very lucrative business opportunity by becoming an owner of a spray foam business.
And no company is better equipped to give workers that chance than Profoam Corporation.
Spray polyurethane foam (SPF) isn’t just for keeping your home warm in the winter and cool in the summer, although that’s where it got its start. The oil and gas industry quickly caught on to the plethora of applications within many different segments of the industry.
Every oil patch has holding tanks, whether they be for water, fuel, or crude, and those tanks need to be insulated from the summer heat and winter cold. Plus, with government regulations requiring secondary containment to protect against the spilling of hazardous materials, polyurethane spray foam insulation is commonly used to prevent leaks and cracks.
Additionally, pipelines need to be insulated in the same manner. And when you figure that there are over 185,000 miles of liquid petroleum pipelines and 320,000 miles of gas transmission pipelines in the US alone, you don’t have to be a rocket scientist to figure out the phenomenal income potential that awaits.
And that’s just the start. Storage sheds, field trailers, ditch foaming and many other applications are all potential customer uses for SPF within oil and gas. But the beauty of this opportunity is that you don’t have to stick to just the oil and gas industry. Once you’re up and running, you can tap into a virtually unlimited array of other industries, all of whom are prospects and future customers. On the industrial side, becoming an owner of a spray foam business let you tap into construction, agriculture, renewable energy and many others.
And then there’s always the residential side. Because spray foam insulation is designed to insulate against heat and cold, your particular locale doesn’t make the business seasonal. Everybody’s winters are cold, and their summers are hot. In fact, spray foam insulation is gaining traction as the best way to prevent energy loss in your home’s heating, ventilating and air conditioning (HVAC) system. SPF beats traditional fiberglass insulation every time in efficiently regulating your home’s temperature, saving you an estimated 20 percent or more on your monthly energy bills. And SPF acts as a very nice sound insulator, too.
But it’s the ability to cross-pollinate markets and industries that helps make a Profoam partnership so enticing.
“Owning and operating a Profoam business is a low-risk, high-return venture where operators don’t fall victim to the volatile nature a single industry such as oil and gas,” said Ted Medford, founder of Profoam. “When oil prices plummet, jobs are lost, leaving the producers to outsource many of their necessary ongoing activities, and that’s where a Profoam SPF business opportunity can open doors for anyone who may have seen their many years of loyalty to an oil company go out the window.”
With uncertainty in the oil industry nagging at current employees, having a backup plan isn’t the worst idea. Jeramy Powell currently works on an offshore rig, but contacted Medford when he decided to start his own business.
“I’m still employed offshore, but with the oil industry down nobody’s job is secure, so I’m planning for the future. I’ve always wanted to get into the Spray Foam Insulation business but was extremely nervous until I contacted Ted Medford at Profoam. Ted and the whole staff at Profoam has been so helpful. It made the decision of starting my business so easy,” Powell said.
Choosing the best partner in any new business venture is paramount to success, and the SPF business is no exception. “Profoam specializes in helping individuals enter into the business successfully,” Medford continued. “In the SPF business, the learning curve to success can be long and hard without the right partner to guide you, and we have over a 95% success rate with our business partners.”
Powell concurred. “Ted’s knowledge and willing to help his customers with a proper start up is priceless. To build a successful company you have give a 110% and surround it with knowledgeable people like the Profoam staff.”
Because Profoam was founded by spray foam industry innovators and professionals who saw a niche that needed to be filled, they can offer training, support and credentials unparalleled in the industry. Their approach isn’t the usual day or two spent in a classroom offered by many other companies who present business opportunities. Profoam has spent years developing a “system for success” for its business professionals that involves a combination of field training, classroom sessions, hands-on experience and constant communication throughout the course of the business development.
That doesn’t just cover operating the equipment. Business partners are taught everything from health and safety to networking to marketing and lead generation. “That’s why oilfield veterans make for such good business partners,” Medford said. “They already have an eye towards safety, equipment maintenance and jobsite operations. We add to that by teaching the business end of things like invoicing, bidding and closing a sale. They end up being a very well-rounded business person with the opportunity to increase their personal wealth while at the same time providing a valuable service to not only the oil and gas industry, but any industry they happen to service.”
If you are interested in exploring Profoam career opportunities, you can visit the company’s website at www.profoam.com or call