JAG Pressure Testing has been in business since 2006, operating as a family owned and operated business. It was in 2006 that our relationship with RCDC (Community Futures Lac La Biche) began. One of the most important things that any entrepreneur can do when starting a business is to plan. An idea is a good start, but to make it happen, you need to have a strong business plan, market knowledge, look at all possible scenarios, make decisions with the risks properly assessed, and be realistic in your assumptions. Plan a cost and profit scenario based on realistic assumptions, not what you would like to see in a perfect world. Finally, use the resources that are available in the start-up process, resources like those offered through RCDC and work hard. We started out with a plan to start a pressure testing company to service the oil and gas sector in the Lac la Biche region. Conversations with oil and gas companies working locally reinforced our idea that the work was there. We put a business plan together, pooled our resources and began looking for some extra financial help to get started.
Initial dealings with the banks went nowhere. They were hesitant to back entrepreneurs with unproven track records and no proven cash flow. One of the bank managers we dealt with suggested RCDC. A call was made and a future was built.
Our first dealings with the RCDC were great. We immediately felt that we were dealing with people that understood our goals, understood the uncertainty of people who were starting with just an idea and their primary interest was creating success. As the RCDC reviewed our business plan and looked at our risk assessments, I think we both built a confidence that we could work together and turn our idea into a viable business. They provided input and asked questions that made us realize that they understood business, but they also understood people. One of the great things about dealing with the RCDC was their ability to turn our idea into a reality in a very short period of time. After months of working with banks, trying to get things started, RCDC had us building a business within weeks.
Our company has continued to see success in the oil and gas region around Lac la Biche, providing a comfortable and secure business to raise a family with. JAG Pressure Testing works with many different oil and gas companies in the region and employs between 2-5 employees on a regular basis. When we started looking at adding more trucks to our company to ensure our continued success, RCDC was there again and helped ensure that JAG could do this without putting the company in a risky situation.
JAG Pressure Testing is a viable and operationally sound company today because of the help and input that it received from RCDC and we would like to thank them for their support over the years.