Entrepreneur: Start & Grow Your Business

Leading Ladies

These women-led businesses are speeding their way to the top.


URL: http://www.entrepreneur.com/women50/index.html

Women today continue to push to the forefront of small business. So for the second year, Entrepreneur and the Women Presidents' Organization set out to find north america's 50 fastest-growing women-led companies. Topping the list is one woman holding her own in a male-dominated field.

Heidi Smith Price might speak in a soft voice, but she's definitely loud enough to be heard. In fact, at only 29 years old, she has established a notable presence in a male-dominated industry. "You hardly see any women in the construction industry, much less the industrial industry," says Smith Price, who has grown her heavy industrial contractor business, Spartan Constructors LLC, from a mere $100,000 in revenue in 2003 to a projected $150 million this year--landing her securely at the top of this year's list of the 50 fastest-growing women-led companies.

In 2004, Smith Price bought majority partnership in the Sugar Hill, Georgia-based business and was up for the challenges that it presented--namely earning respect from her peers. "You just have to stand your ground and not let other people walk all over you," says Smith Price, who has focused instead on the opportunities that she knew lay beneath the surface. She immediately certified her company as a Women's Business Enterprise and was thereby able to open up her business to major contracting opportunities. This simple decision has enabled her to enjoy substantial growth over the past four years--at a rate faster than even she thought possible.

And while many might find the turf unfamiliar, it's been Smith Price's stomping ground ever since she was a young girl learning the ins and outs of her father's construction company. That experience as his executive assistant prepared Smith Price well for her role today, which requires that she wear many hats to get the job done. This level of competency, coupled with high standards for quality control and attention to safety, has won over major clients like Georgia Power and Southern Co.

The rate at which Smith Price has grown her business is exceptional, but her success is not unusual. The Women Presidents' Organization, the nonprofit peer advisory organization for multimillion-dollar women-led and women-owned businesses, estimates that 41 percent of all privately held companies in North America are owned by women. Meanwhile, WPO members earn average annual sales of $13 million, says Marsha Firestone, founder and president of the organization. "It's very difficult to build a business. And it keeps the fire in the hearth burning to see women who have made it."

Click here for profiles of the top 20 women-led companies.

Top 50 Fastest-Growing Women-Led Companies

  1. Spartan Constructors LLC
    Industrial construction  Sugar Hill, GA  spartanconstructors.com
    Heidi Smith Price
    Began: 2002 Initial Investment: $350,000 2003 sales: $100,000 2007 sales: $136 million
  2. Pinnacle Technical Resources Inc.
    IT staffing  Dallas  pinnacle1.com
    Nina G. Vaca
    Began: 1996 Initial Investment: $300 2003 sales: $9 million 2007 sales: $141 million
  3. Temporary Housing Directory Inc.
    Temporary housing & hotel placements  Castle Rock, CO  temporaryhousingdirectory.com
    Teresa Vidger
    Began: 2001 Initial Investment: $100,000 2003 sales: $281,000 2007 sales: $20 million
  4. EnterForce Inc.
    Managed services provider  Waukesha, WI  enterforce.com
    Marie L. O'Brien, Filippa C. Weber
    Began: 2001  Initial Investment: $26,000  2003 sales: $1.9 million  2007 sales: $50.3 million
  5. Strategic Staffing Solutions Inc.
    Staffing solutions Indianapolis  strategicstaffonline.com
    Debra J. Maynard
    Began: 2002  Initial Investment: $60,000  2003 sales: $1.3 million  2007 sales: $39.4 million
  6. Polaris Direct
    Mailing services  Hooksett, NH  polarisdirect.net
    Judith Maloy, Suzanne Lampognana
    Began: 2003  Initial Investment: $2.4 million  2003 sales: $2.1 million  2007 sales: $43.9 million
  7. Artech Information Systems LLC
    IT staffing  Cedar Knolls, NJ  artechinfo.com
    Ranjini Poddar
    Began: 1992  Initial Investment: $200,000  2003 sales: $16.5 million  2007 sales: $128.2 million
  8. Global Resource Management Inc.
    IT & supply chain management services  Suwanee, GA  grmi.net
    Naheed Syed
    Began: 1993  Initial Investment: $100,000  2003 sales: $2.2 million  2007 sales: $39.9 million
  9. United Scrap Metal Inc.
    Metal recycling  Cicero, IL  unitedscrap.com
    Marsha Serlin
    Began: 1978  Initial Investment: $200  2003 sales: $33.9 million  2007 sales: $172.8 million
  10. Morpheus Media
    Interactive advertising & marketing agency  New York City  morpheusmedia.com
    Shenan Reed
    Began: 2001  Initial Investment: $0  2003 sales: $2 million  2007 sales: $35 million
  11. Pinnacle Petroleum Inc.
    Petroleum products  Huntington Beach, CA  pinnaclepetroleum.com
    Liz McKinley
    Began: 1995  Initial Investment: $100,000  2003 sales: $19.3 million  2007 sales: $120 million
  12. Sun Coast Resources Inc.
    Petroleum products  Houston  suncoastresources.com
    Kathy Lehne
    Began: 1985  Initial Investment: $2,000  2003 sales: $554 million  2007 sales: $1.1 billion
  13. Salo LLC
    Senior-level finance & accounting staffing  Minneapolis  salollc.com
    Amy L. Langer
    Began: 2002  Initial Investment: $150,000  2003 sales: $3.4 million  2007 sales: $42 million
  14. Search Wizards Inc.
    Consulting firm  Atlanta  searchwizards.net
    Leslie O'Connor
    Began: 2000  Initial Investment: $0  2003 sales: $359,600  2007 sales: $12.2 million
  15. TransPerfect
    Translation services  New York City  transperfect.com
    Elizabeth Elting, Shirley Shawe
    Began: 1992  Initial Investment: $5,000  2003 sales: $37 million  2007 sales: $156.5 million
  16. MediConnect Global Inc.
    Medical record retrieval & digitization  South Jordan, UT  mediconnect.net
    Amy Rees Anderson
    Began: 1996  Initial Investment: Undisclosed  2003 sales: $2.8 million  2007 sales: $35.6 million
  17. The Saxon Group Inc.
    Industrial construction  Sugar Hill, GA  thesaxongroupinc.com
    Jeni Bogdan
    Began: 1995  Initial Investment: $100,000  2003 sales: $13.4 million  2007 sales: $81.8 million
  18. Aecometric Corp.
    Industrial combustion equipment  Richmond Hill, Ontario  aecometric.com
    Jill Anderson
    Began: 1978  Initial Investment: $50,000  2003 sales: $1.5 million  2007 sales: $23 million
  19. Kilop USA Inc.
    Raw materials sourcing & distribution  High Point, NC
    Christine Yumei Chen
    Began: 1988  Initial Investment: $44,500  2003 sales: $3 million  2007 sales: $28.8 million
  20. KellyMitchell Group Inc.
    IT consulting  St. Louis  kellymitchell.com
    Cassandra Sanford
    Began: 1998  Initial Investment: $10,000  2003 sales: $4.6 million  2007 sales: $33.6 million
  21. Communispace Corp.
    Online community creation & management  Watertown, MA  communispace.com
    Diane Hessan
    Began: 1999  Initial Investment: $100,000  2003 sales: $2.4 million  2007 sales: $23.6 million
  22. Advantage Performance Network
    Travel & perfomance improvement solutions  Savage, MN  advantageperformancenetwork.com
    Mary Sue Leathers
    Began: 1995  Initial Investment: $40,000  2003 sales: $23.3 million  2007 sales: $85 million
  23. RCC Associates
    General contracting  Deerfield Beach, FL  rccassociates.com
    Beverly Raphael
    Began: 1971  Initial Investment: $5,000  2003 sales: $34.8 million  2007 sales: $105.1 million
  24. Continental Cabinets Inc.
    Cabinets  Dallas  ccabinc.com
    Beverly Taylor
    Began: 1988  Initial Investment: Undisclosed  2003 sales: $48.9 million  2007 sales: $130.8 million
  25. NCompass International Inc.
    Marketing agency  West Hollywood, CA  ncompassonline.com
    Donna Graves, Kae Erickson
    Began: 2003  Initial Investment: $1.5 million  2003 sales: $360,000  2007 sales: $7.3 million
  26. Camp Bow Wow
    Dog day camps & boarding services franchisor  Boulder, CO  campbowwow.com
    Heidi Flammang
    Began: 2000  Initial Investment: $85,000  2003 sales: $100,000  2007 sales: $3.8 million
  27. Casco Contractors Inc.
    General contracting  Irvine, CA  cascocontractors.com
    Cheryl Osborn
    Began: 2000  Initial Investment: $20,000  2003 sales: $3 million  2007 sales: $22.9 million
  28. Saicon Consultants Inc.
    IT consulting  Overland Park, KS  saiconinc.com
    Swati K. Yelmar
    Began: 1998  Initial Investment: $6,000  2003 sales: $1.8 million  2007 sales: $16.5 million
  29. Outcomes Health Information Solutions LLC
    Health-care data retreival, auditing & reporting  Charlottesville, VA  outcomesinc.com
    Wanda Kochhar
    Began: 1996  Initial Investment: $60,000  2003 sales: $3.5 million  2007 sales: $24.5 million
  30. MurTech Consulting
    IT services  Independence, OH  murtechconsulting.com
    Ailish M. Murphy
    Began: 2000  Initial Investment: $100,000  2003 sales: $685,700  2007 sales: $10 million
  31. Stratix Corp.
    Mobility solutions  Norcross, GA  stratixcorp.com
    Bonney Shuman
    Began: 1983  Initial Investment: $750  2003 sales: $38.2 million  2007 sales: $106.3 million
  32. Application Development Resources Inc.
    IT services  Alpharetta, GA  appdevinc.com
    Daksha Choksey
    Began: 2001  Initial Investment: $5,000  2003 sales: $697,000  2007 sales: $9.7 million
  33. Ricochet Fuel Distributors Inc.
    Fuel distributor  Euless, TX  ricochetfuel.com
    Kelly Brett-Roberts
    Began: 1988  Initial Investment: $20,000  2003 sales: $7.4 million  2007 sales: $36.2 million
  34. Logical Choice Technologies Inc.
    Education technology integration  Duluth, GA  logicalchoice.com
    Cynthia B. Kaye
    Began: 1994  Initial Investment: $0  2003 sales: $19.1 million  2007 sales: $65.4 million
  35. SaltWorks Inc.
    Sea salt  Woodinville, WA  seasalt.com
    Naomi Novotny
    Began: 2001  Initial Investment: $1,500  2003 sales: $264,000  2007 sales: $5.7 million
  36. Icon Information Consultants LP
    IT staffing  Houston  iconconsultants.com
    Pamela O'Rourke
    Began: 1998  Initial Investment: $250,000  2003 sales: $23 million  2007 sales: $72 million
  37. SwervePoint
    Promotional products & services  Danvers, MA  swervepoint.com
    Juli Sinnett
    Began: 2003  Initial Investment: $125,000  2003 sales: $1.9 million  2007 sales: $15.5 million
  38. Strategic Staffing Solutions
    IT consulting  Detroit  strategicstaff.com
    Cynthia Pasky
    Began: 1990  Initial Investment: $60,000  2003 sales: $67 million  2007 sales: $148 million
  39. Butler/Till Media Services Inc.
    Media research services  Rochester, NY  butlertill.com
    Susan R. Butler, Tracy E. Till
    Began: 1998  Initial Investment: $10,000  2003 sales: $7.1 million  2007 sales: $32.3 million
  40. IBT Holdings LLC
    Design, building & consulting services  Norcross, GA  ibtenterprises.com
    Mylle Mangum
    Began: 1985  Initial Investment: Undisclosed  2003 sales: $15.8 million  2007 sales: $53.2 million
  41. Carolina IT Professionals Inc.
    IT staffing  Mount Holly, NC  citpinc.com
    Phyllis Friday McConnell
    Began: 2001  Initial Investment: $500  2003 sales: $3 million  2007 sales: $19 million
  42. Vignon Corp.
    IT staffing  Dallas  vignon.com
    Kathy Hodgins Blanck
    Began: 2001  Initial Investment: $20,000  2003 sales: $144,600  2007 sales: $3.6 million
  43. Warrior Group Inc.
    Modular construction  DeSoto, TX  warrior-group.net
    Gail Warrior-Lawrence
    Began: 1997  Initial Investment: $1,000 2003 sales: $11.4 million  2007 sales: $41.7 million
  44. Greenlite Lighting Corp.
    Energy-efficient lighting products  Pointe-Claire, Quebec  greenlite.ca
    Nina Gupta
    Began: 1994  Initial Investment: $1 million 2003 sales: $6 million  2007 sales: $28 million
  45. BrightStar Healthcare
    Medical/nonmedical home-care & medical staffing franchisor  Gurnee, IL  brightstarhealthcare.com
    Shelly Sun
    Began: 2002  Initial Investment: $100,000+ 2003 sales: $1.4 million  2007 sales: $11.8 million
  46. Bett-A-Way Pallet Systems Inc.
    Transportation solutions & pallet management  South Plainfield, NJ  bettaway.com
    June Delany, Tracey Ursini, Betty Vaccaro, Laura Vaccaro
    Began: 1996  Initial Investment: $6,000 2003 sales: $10.6 million  2007 sales: $26.2 million
  47. ProActive Solutions Inc.
    IT solutions  Mission, KS  proactivesolutions.com
    Melissa Cather-Thiede
    Began: 1996  Initial Investment: $0 2003 sales: $9.6 million  2007 sales: $37 million
  48. ITI Inc.
    IT & business consulting  Pearland, TX  iti-ps.com/services
    June Reeder
    Began: 2000  Initial Investment: $0 2003 sales: $1.2 million  2007 sales: $10.5 million
  49. Trans-Expedite Inc.
    Freight forwarding  El Paso, TX  trans-expedite.com
    Keeli Jernigan
    Began: 2001  Initial Investment: $29,000 2003 sales: $3 million  2007 sales: $18 million
  50. LetterLogic Inc.
    Mailing services  Nashville, TN  letterlogic.com
    Sherry Stewart
    Began: 2002  Initial Investment: $50,000 2003 sales: $1.1 million  2007 sales: $9.8 million

Behind The Numbers

The 50 fastest-growing women-led companies ranking was compiled with the help of the Women Presidents' Organization, a nonprofit peer advisory organization for independent women presidents and CEOs. Entrepreneur and the WPO solicited applications from women-led businesses in North America and considered those that met the following criteria:

  • Must be a privately held, woman-led company in the U.S. or Canada.
  • Company sales in 2003 must be $100,000 or greater; 2007 sales must be at least $1 million.
  • Companies were ranked according to a sales growth formula that combines percentage and absolute growth. From this list, the top 50 were selected. (In cases where companies have multiple partners, only women are listed.)

Research was conducted by WPO director of communications Caitlin Jenkins, communications manager Kirsten Wynn and assistants Kat Piracha and Tanya Rosado. Entrepreneur research editor James Park also contributed to this listing.


Copyright © 2009 Entrepreneur Media, Inc. All rights reserved. Privacy Policy