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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
1. Arbitech
LAGUNA BEACH, CA
www.arbitech.com
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
www.colarelliconstruction.com
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
www.promoworkspromotions.com
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
www.gardenoflifeusa.com
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
www.infologixsys.com
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
www.americaneaglehd.com
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
www.winspecwest.com
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
www.mediastorm.biz
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
www.pro-motion.us
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
www.unitedlumber.net
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
www.techtarget.com
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
www.madwood.us
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.
15. Servatron Inc.
SPOKANE, WA
www.servatron.com
Electronic manufacturing services
Larry A. Panattoni, Keith Swenson, Tod Byers, John Miskulin
Began: May 2000 w/78 employees; now 179 employees
Initial investment: $1M from private investors, savings/personal funds, line of credit
2003 sales: $24.9M
Success secret: Our ability to retain customers once they become customers
16. Southampton Group LLC
CHARLOTTE, NC
www.southamptongroup.com
Homebuilding company
Jim Merrill, Jim McKinney, Paul Christenberry
Began: December 2001 w/o employees; now 13 employees
Initial investment: $20K from savings/personal funds
2003 sales: $10.6M
Success secret: Integrity and ethics matter in everything we do. How we treat the people we work with is as important as how we treat our customers.
17. Xpress Source
DOTHAN, AL
www.xpresssource.com
Procurement outsourcing services
Press L. Thornton, Michael R. Pierce
Began: February 2001 w/o employees; now 19 employees
Initial investment: $10K from friends/family
2003 sales: $14.1M
Success secret: Integrity above all.
18. Myrtle Beach Building Supply
CONWAY, BC
www.myrtlebeachbuildingsupply.com
Retail building materials
Bobby J. Smith, Joe D. Jenkins, Tripp S. Nealy
Began: February 2002 W/6 employees; now 25 employees
Initial investment: $1M from bank loan, line of credit
2003 sales: $9.1M
Success secret: Do what we say we will do, when we say we will do it.
19. Martin Capital
CLAYTON, GA
www.martincap.com
Real estate finance & development
J. Ashley Martin
Began: April 2001 w/1 employee; now 14 employees
Initial investment: $30K from friends/family
2003 sales: $13M
Success secret: Personal relationships are the most valuable asset in our business. Whether it's a customer or a strategic partner, we look beyond the single transaction to a long-term, win-win partnership.
20. Archibald's Inc.
KENNEWICK, WA
www.arcbibalds.biz
Pre-owned auto sales
John C. Archibald, Daniel J. Archibald
Began: June 2001 w/1 employee; now 3 employees
Initial investment: $150K from savings/personal funds
2003 sales: $11.8M
Success secret: It may sound corny, but the golden rule is the best philosophy for business.
22. Midwest Diagnostic Management LLC
MOKENA, IL
www.mdmonline.com
Health-care services
Kevin P. Tremblay
Began: June 2000 w/3 employees; now 94 employees
Initial investment: $450K from private investors
2003 sales: $15.4M
Success secret: Being an entrepreneurial company is like watching your child develop from infancy. First you need to crawl, then walk and then run. By mastering each of these skills before going on to the next, you minimize the falls.
22. VSA Construction Services
JESSUP, MD
www.vsaconstruction.com
Construction services
Richard Vance, Bob Sharps
Began: June 2002 W/7 employees; now 48 employees
Initial investment: $765K from bank loan, private investors, savings/personal funds, line of credit
2003 sales: $6.7M
Success secret: Provide a rewarding work environment, and maintain an ethical and moral business practice that contributes to the betterment of the community. Undercommit and overdeliver.
23. Applied Solutions Inc.
DALLAS
www.appliedsol.com
IT technology systems integration
Gary Tatsch, Dale Young, Jim Miller
Began: January 2000 w/o employees; now 17 employees
Initial investment: $34K from friends/family, savings/personal funds
2003 sales: $16.5M
Success secret: Focusing and leveraging our people with empowerment and accountability.
24. Warwick Construction Inc.
HOUSTON
www.warwickconstruction.com
General contractor
Anthony B. Annan
Began: April 1999 w/3 employees; now 35 employees