Business Services Industry
Heat wave: which new businesses are on the fast track to success? The companies in entrepreneur and D&B's 10th Annual Hot 100 listing are blazing their way to the top
Entrepreneur, June, 2004
1. Arbitech
LAGUNA BEACH, CA
Hardware & software distributor
Torin Pavia, William Poovey
Began: August 2000 w/8 employees; now 37 employees
Initial investment: $500K from savings/personal funds
2003 sales: $86.2M
Success secret: We place our customers first; we stand behind everything we sell.
2. Colarelli Construction Inc.
COLORADO SPRINGS, CO
Commercial general contractor & construction management
Vincent Colarelli
Began: January 2003 w/1 employee; now 12 employees
Initial investment: $400K from savings/personal funds, line of credit
2003 sales: $20.6M
Success secret: It's never about us. We view every decision based on what's in the best interest of our client, and then we make sure that we deliver.
3. PromoWorks LLC
SCHAUMBURG, IL
Marketing services
Mike Balogh, Mike Kent, Jon Bos
Began: August 1999 w/9 employees; now 115 employees
Initial investment: $2M from friends/family, private investors, savings/personal funds
2003 sales: $77.6M
Success secret: Follow your passion, and then take the lead. Stay focused, stay humble, and have fun. Realize companies don't succeed, people do. Make sure everyone shares in the victories.
4. United Source One
BALTIMORE
International food distribution
Michael Imgarten
Began: October 2000 w/26 employees; now 38 employees
Initial investment: $250K from savings/personal funds
2003 sales: $45M
Success secret: Building bridges of trust and understanding with our employees, vendors and international trading partners
5. Garden of Life
WEST PALM BEACH, FL
Health & wellness company
Jordan S. Rubin
Began: June 2000 w/3 employees; now 140 employees
Initial investment: $400K from friends/family
2003 sales: $43.2M
Success secret: We are driven by a noble mission, not just a bottom line. We measure successes by the number of lives we have positively impacted.
6. Infologix Inc.
BENSALEM, PA
Wireless system integration
Richard Hodge, David Gulian, Craig Wilensky
Began: August 2001 w/2 employees; now 46 employees
Initial investment: $150K from private investors, line of credit
2003 sales: $28.4M
Success secret: To teach and maintain through employees and partners the importance of exceptional customer service
7. Denton Harley-Davidson LP
DENTON, TX
Authorized Harley-Davidson dealership
Ron Stegall, Cindy Stegall, Todd Martin, Debi Martin, Ron Stegall Jr., Azu Stegall
Began: July 2001 W/10 employees; now 40 employees
Initial investment: $1.9M from bank loan, savings/personal funds, line of credit
2003 sales: $25.2M
Success secret: Integrity! Integrity in our pricing. Integrity with our customers. Integrity with our employees by having compensation plans that allow them to share in their contributions and ultimately the success of the overall company.
8. Winspec
WALNUT, CA
Computer memory manufacturer
Marco Fuxa, Martin H. Hofer, Joachim P. Nemeth
Began: September 1999 w/o employees; now 15 employees
Initial investment: $200K from private investors
2003 sales: $43.3M
Success secret: Go the extra mile to make things happen.
9. Media Storm LLC
SOUTH NORWALK, CT
Advertising agency
Tim Williams, Craig Woerz
Began: November 2001 w/o employees; now 9 employees
Initial investment: $90K from savings/personal funds
2003 sales: $21.5M
Success secret: Be a "yes" company. Always deliver what the client wants, and then some.
10. Cypress Natural Gas LLC
VIRGINIA BEACH, VA
Natural gas & energy marketing
Richard W. Gechter Jr.
Began: May 2001 w/1 employee; now 3 employees
Initial investment: $3.5M from private investors
2003 sales: $25.4M
Success secret: Work smarter and harder than your competitors. Limit your risk.
11. Pro-Motion Technology Group LLC
WIXOM, MI
Commercial audio/video sales, installation & services
Lynn Matson
Began: January 2003 w/5 employees; now 30 employees
Initial investment: $2M from credit cards, savings/personal funds
2003 sales: $9.4M
Success secret: Optimism and a positive attitude are key. You must believe in what you do and enjoy it. Optimists and enthusiasts are winners.
12. United Lumber Remanufacturing LLC
MUSCLE SHOALS, AL
Industrial crating & lumber sales
Richard Pace, Delbert Brown
Began: December 2000 w/6 employees; now 56 employees
Initial investment: $400K from savings/personal funds
2003 sales: $24.3M
Success secret: Start early, and work smart.
13. Tech Target Inc.
NEEDHAM, MA
Tech media & events
Greg Strakosch, Don Hawk
Began: September 1999 w/5 employees; now 240 employees
Initial investment: $12M from private investors
2003 sales: $32.5M
Success secret: Hire great people, and give them the resources and training to be successful. Then get out of their way, and let them do their jobs.
14. Madwood Lumber LLC
BIRMINGHAM, AL
Lumber wholesaler & broker
Joseph H. Flemming
Began: October 2002 w/2 employees; now 3 employees
Initial investment: $150K from line of credit
2003 sales: $8.6M
Success secret: Never sacrifice your integrity for financial gain.
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