Tuesday, June 20, 2017

Article Review: These CEOs Can Teach You Something About Growth Strategy | Axial

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Axial profiled 100 of the most innovative, interesting CEOs in the mid-market. (See all 100 here).
We singled out a few for their laser focus on growth strategy.
Ami Kassar, CEO of Multifunding
“When we started in the office of a CPA. We started by knocking on doors.  In the first year, we closed 3 loans. It was a lot of banging our heads against walls as we built our reputation and relationships with lenders.”
Six years later, MultiFunding is still a good old fashioned loan broker, but they are now closing 170 transactions a year.
Jon Morris, CEO of Rise Interactive
From 2010 – 2015, Rise was named to Inc.’s list of the 5000 fastest growing companies. Rise’s growth is due to their data-driven approach and a “razor-sharp focus on client performance.” The company consistently reinvested profits back into the business, maintaining a strong emphasis on innovation and infrastructure. “We’ve done a great job growing the company organically.” 
Dr. Alex Gianni, CEO of Blackford Dental Management
Alex was brought to the three-year old dental services organization in 2014 in a consulting capacity to patch holes losing the company over half a million dollars a month. By January 2015 Blackford was break-even, and by March they were making money for the first time.
Redickaa Subrammanian, CEO of Interakt
In 2007, Redickaa thought she achieved her dream when one of advertising’s big brands offered to buy the company. Interakt almost did the deal, until Redickaa met the founder and got a bad feeling.
David Rice, CEO of New Home Star
A bump in the road came two years after starting the company. “Pretty soon, I burnt through a lot of money.  I got to the point where I had to borrow money from my dad. That was a low point.” Banks weren’t lending, and David had burned through his personal assets. “We were growing, and growth exceeded cash.” David paid back the $100,000 loan in less than a year.
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at Eric@EdisonAvenue.com or 239.738.6227. Also, visit our Edison Avenue website at www.EdisonAvenue.com or my personal website at www.BuySellFLbiz.com.

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