What Have You Become?
You have employees you don't recognize, sales you can't keep track of and a business that's grown way beyond "small." Do you even remember when everything was just innocent and entrepreneurial?
It never occurred to Ann King, owner and impresario of Blooming
Cookies Catalog.com, an e-commerce gourmet gift service in Atlanta
that posted more than $3 million in sales in 1999, that her
business would grow so large she'd lose her entrepreneurial
status. "I believe, after 15 years, that I'm still an
entrepreneur, but I've changed my mindset to a more
traditionally corporate mindset."
King, 48, launched her company in 1984 after being convinced she
could do a better job than a similar business she saw featured on
television. It took a true entrepreneurial mind to write her
company's success story. In fact, her start-up struggles could
be illustrations of worst-case scenarios in the entrepreneur's
handbook: There wasn't enough money to buy a commercial
oven-just as orders were piling up. A snafu saw her original recipe
fall into the hands of a major hotel chain-with no compensation to
King. Her first location had leaky roofs and saw minimal foot
traffic, and took a $20,000 hit after a large order to J.C. Penney
cost twice as much to fill as anticipated. Things got so bad an
accountant advised King and Glo Ghegan (her business partner and
friend) to file for bankruptcy.
"Things were tough early," King says. "But I
learned a lot. And I learned that communicating and reinforcing my
vision throughout the company was my responsibility. Once I
understood that, things got better right away."
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A watershed moment came in 1993, after a fire at the
company's plant. The building was leveled, but Blooming Cookies
wasn't. The near-tragedy turned into a PR winner when local TV
stations began reporting King's statement that the company
would be back in business by Monday-a scant three days away. King
and Ghegan did better than that, shipping cookies (with a local
bakery's help) to amazed clients within 36 hours.
Blooming Cookies never lost momentum after rebounding from the
fire. A deal with 1-800-FLOWERS led to a better one with FTD-and an
even better one with Kodak, enabling customers to send images over
the Web to be printed on Blooming Cookies' cookie jars. The
company's 1998 sales hit $2.6 million, and King aims for $12
million in the next few years.
But making millions changed her entrepreneurial vision to
something more corporate. "I think our company still feels
like a start-up, in that we all work closely together, and everyone
knows we'll all pull together to make things happen," King
says. "But things have changed for me. Instead of diving in
and making things happen with a 'whatever it takes'
mentality, I've become aware of how all components of a
decision affect the big picture. It's not just about me
anymore. My decisions affect lots of lives, and I have tremendous
respect for that responsibility that I didn't have as an
entrepreneur."
Brian O'Connell is a Framingham, Massachusetts, freelance
business writer. His most recent book is Generation E: How
Young Entrepreneurs are Changing the Corporate Landscape
(Entrepreneur Press, 1999). He can be reached at Bwrite111@aol.com.
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