Opinion
Bimani: General population in Tanzania expects handouts over hard work
“One thing I noticed in Tanzania was that they expect people to hand them money because they're poor, and they really don't want to work too hard to get ahead, as far as the general population goes.”
Insight
Bimani: Security Clients Buy Cheap Services Merely for Insurance Liability Shields
“The security industry is a commodity and a service industry where clients are usually just looking at the bottom dollar. Rather than the quality of the service they can get because they see us as a shield against lawsuits and that's how they want to use us. So…”
Disclosure
Bimani: BPS Security Built Proprietary Software to Avoid SaaS Subscription Fees
“We hired a developer to do all our software. So we have our own custom software for the company. So we only have to pay for the maintenance on it instead of paying a subscription fee to someone else like Soho or a CRM provider or something like that.”
Prediction Didn’t hold up
Bimani: A Recession Has Already Started and Will Hit Hard Soon
“Right now, we're getting ready for the recession. I know it started. People are not fully aware of it, but it's going to hit hard in the next couple of months.”
Opinion
Bimani: Security Guards Are Jaded From Frequent Exploitation by Industry Employers
“A lot of security guards are jaded because they're screwed over by the security industry very often.”
Assertion Not checkable as stated
Bimani: Bar Security Insurance Costs $23,000 Per Client Annually
“In the guard and the bar industry, you're not allowed to provide bar security unless you have a insurance and it costs roughly 23,000 dollars a year per client. A lot of guard companies don't have that. So they're leaving their guards their clients exposed to …”
Opinion
Bimani: Formal education is not important compared to self-taught knowledge
“Formal education is not important. Knowledge is right. You can go to a four year degree and still come out dumb as a rocks, or you can learn on Google or in YouTube. Like I have reading books and know everything you need to know to get ahead.”
Insight
Bimani: Quote prices over the phone to disqualify bad leads fast
“Just give them the price over the phone. Who cares? If they say they can't afford it, at least you just saved all the time and you can use that time somewhere else because your time is very important, not so much the money.”
Disclosure
Bimani: BPS Security Turned Down a Prospective $13.2 Million Client Contract
“I turned down a client that would have brought in about 13.2 million dollars to in revenue to the company.”
Disclosure
Bimani: BPS Security ties operating expenses directly to individual client contracts
“The way we structured our company on our operation, we tied everything to the individual client. So if we lose the client, none of our other profit margins are affected.”
Insight
Bimani: Fixed expenses like vehicles and office leases harm security companies
“One of the biggest issues with, in the security industry is a lot of people buy security services, not security services, security software, vehicles offices, and it's hard expenses. You can't get rid of them, even if you lose clients.”
Disclosure
Bimani: BPS Security Quoted a 20% Surcharge to Force Weekly Payments
“I started telling clients we charge upfront before sources are rendered. And then they would tell me, well, we only do net 30 and net 45. Those are your two options. That's what they would tell me. I'm like, well, we charge a 20% price increase. So if we're go…”
What-if
Bimani: Shinzo Abe's Assassination Could Not Have Been Prevented
“I would say you could not prevent it. If it's, if he's that trained, he knows a lot of the procedures and how to avoid them.”
Opinion
Bimani: Peers who struggled in youth achieve more than well-off peers
“One thing I've noticed that those people that were better off in high school Or middle school haven't really done much with their life. Those that struggle more are doing a lot more with their lives today than they were able to do before.”
Opinion
Bimani: SWOT analysis is outdated and ineffective for micro-businesses
“SWOT analysis all fine and dandy, but that's the old school. That shit don't work anymore.”
Insight
Bimani: Train staff anyway because turnover helps growth despite competition fears
“And a lot of times too, what I've noticed with small business owners is that they're afraid to train other people because they think they're going to steal business from them or leave them and start their own company. And I tell people, I'm like, you can't thi…”
Insight
Bimani: Poverty persists because families teach survival instead of advancement
“They taught me how to survive, but not to get ahead. And that's where a lot of people in poverty struggle is that they're taught how to survive, but not how to get ahead in life and make future generations better. And that's where the struggle really is.”
Disclosure
Bimani: BPS Security Needs Roughly $18M Revenue for Founder to Step Back
“It would roughly take about eighteen million dollars for me to get there, to be able to put a really good team in place for me to step back.”
Assertion Not checkable as stated
Bimani: Fired BPS Security's First Operations Manager Over Extortion Threats
“I hired my first operations manager in early, early, because he couldn't do it. He was going to be my first pick, and I trained that operations manager. He turned on me when he was making good money. He wanted more. He threatened me, so I fired the guy.”
Assertion Not checkable as stated
Bimani: Began entrepreneurship breeding prized roosters and blue pit bulls
“Yeah, so at an early age, I started selling livestock, primarily prized roosters, and I got them through friends and family as gifts, and then I started breeding my own and selling mixed roosters that were very colorful and stuff like that, so I made quite a b…”
Disclosure
Bimani: Training three managers from poverty to take over BPS Security
“So right now I have three managers. No formal higher education from the university or the colleges. They just have their high school diplomas. And those are the ones that have stuck with me. They're hard workers. They all came from poverty, just like I did. An…”
Assertion Not checkable as stated
Bimani: BPS Security Generates Roughly $3.7M in Annual Revenue
“And we're currently making approximately 3.7 million dollars a year on average.”
Assertion Not checkable as stated
Bimani Hired a Business Coach With BPS Security's Last Few Hundred Dollars
“Back in 2018, I hired a business coach with the last couple hundred dollars I had. And that's when we started changing the company around.”
Assertion Not checkable as stated
Bimani: BPS Security Reduced Client Onboarding to Ten Minutes via Automation
“So we brought client acquisition down to about 10 minutes from the time they call us to buy your services to the time signing the contract.”
