Six Successful Entrepreneurs Share Keys to Success In New ‘America’s Best’ Video Series
19 Abril 2011 - 1:16PM
Business Wire
A new video series launched today by the U.S. Small Business
Administration and ADP® offers insight into the story behind the
story of six successful American companies. Featuring the
individuals who built their businesses from an idea to become
industry leaders, the “America’s Best” series shares keys to
success, best practices and lessons learned for today’s
entrepreneurs.
“With this series, SBA and our partner ADP offer current and
potential entrepreneurs a chance to hear from the people who built
their big ideas into some of America’s most successful companies,”
SBA Administrator Karen Mills said. “These six people share their
personal perspectives and insights into the challenges they faced,
along with their failures and successes, while also offering an
inspirational look at the resiliency behind America’s spirit of
entrepreneurship.”
The “America’s Best” video series is available online at
www.sba.gov/AmericasBest and on www.ADP.com. The series was
produced in partnership between SBA and ADP, a provider of human
resource outsourcing, payroll services and benefits
administration.
Told from the perspective of company founders and key
executives, the “America’s Best” videos profile once small U.S.
businesses with remarkable stories of entrepreneurism, growth and
success. They are part of the SBA’s ongoing effort to celebrate
entrepreneurship and provide small business owners and start-ups
with relevant programs and resources to help them grow their
businesses and create jobs.
“Throughout its history, SBA has provided critical support to
tens of thousands of startups and small businesses,” Mills said.
“This series highlights the stories of six of those firms and
shares best practices and lessons learned that can be helpful to
other entrepreneurs and small business owners who are working every
day to grow their businesses and achieve their own piece of the
American dream.”
“Like the SBA, ADP has a long history of supporting
entrepreneurs and small businesses with a proven record of helping
businesses grow. ADP is proud to have worked closely with the SBA
to make this series of educational videos available on the web and
to honor some truly remarkable business success stories,” said
Regina Lee, ADP’s president of Small Business Services and Major
Account Services. “We join the SBA in saluting the accomplishments
of these six businesses and the entrepreneurial spirit of the
people behind them, and hope that these compelling and motivating
videos will inspire and inform others on the path to similar
success.”
Featured companies in the “America’s Best” video series
include:
- Allen Edmonds Shoe Corporation, Port
Washington, Wis. - Established in 1922, Allen Edmonds operates
32 retail stores in 17 states, and is among a small minority of
companies continuing to produce the majority of their shoes
domestically. Between 1979 and 1989, Allen Edmonds received
SBA-guaranteed 7(a) loans totaling $2,265,000.
- Cerner Corporation, Kansas City,
Mo. - In 1979 the three founders, Neal Patterson, Cliff Illig
and Paul Gorup, sat around a picnic table and decided to create a
company. Today, Cerner Corporation is an industry leader in medical
system design. In 1983 Cerner received a $200,000 7(a) loan and a
SBA- licensed SBIC financing of $630,000 in 1986.
- Columbia Sportswear Company,
Portland, Ore. - Rescued from near bankruptcy, Gert Boyle took
over operations of Columbia, started by her parents, and turned it
into a $1 billion company. The business received an SBA-backed loan
for $15,000 in 1970.
- The Gymboree Corporation, San
Francisco, Calif. - Joan Barnes created Gymboree in 1976 as a
place where moms and their children could play and exercise. Since
then, it has become a giant corporation that includes almost 600
Gymboree retail clothing stores and nearly 300 Gymboree Play &
Music centers worldwide. Over the years, the corporation received
investments totaling nearly $5 million from a SBA-licensed
SBIC.
- Radio One, Inc., Lanham, Md. -
Among the largest African-American owned and operated media
corporations in the United States, Radio One was started by
Catherine L. Hughes in 1980. Radio One owns and/or operates 53
radio stations located in 16 urban markets in the United States.
The company received investments totaling $9.5 million from
SBA-licensed SBICs in the late 1990s. Hughes also received an
SBA-guaranteed 7(a) loan for $600,000 in 1980.
- Ruiz Foods, Dinuba, Calif. -
Founded in 1964, Ruiz Foods is the top seller of frozen Mexican
dishes in the United States. Under the brand names of El Monterey
and Tornados, it produces nearly 200 frozen Mexican foods. Ruiz
Foods co-founder Fred Ruiz benefitted from technical assistance
through SBA-affiliated SCORE counselors and also received
SBA-guaranteed 7(a) loans in 1977 and 1979 totaling $275,000.
About ADP
Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9
billion in revenues and about 550,000 clients, is one of the
world’s largest providers of business outsourcing solutions.
Leveraging over 60 years of experience, ADP offers a wide range of
HR, payroll, tax and benefits administration solutions from a
single source. ADP is also a leading provider of integrated
computing solutions to auto, truck, motorcycle, marine and
recreational vehicle dealers throughout the world. For more
information about ADP, visit the company's website at
www.ADP.com.
About SBA
The U.S. Small Business Administration, established in 1953,
provides financial, technical and management assistance to help
Americans start, run, and grow their businesses. With a portfolio
of direct and guaranteed business loans and disaster loans worth
more than $80 billion, SBA is the nation’s largest single financial
backer of small businesses. Last year, SBA offered management and
technical assistance to more than 1.1 million small business
owners. SBA also plays a major role in the government's disaster
relief efforts by making low-interest recovery loans to both
homeowners and businesses.
The support given by the U.S. Small Business
Administration to this activity does not constitute an expressed or
implied endorsement of any cosponsor’s or participant’s views,
opinions, products, or services. All SBA programs and cosponsored
programs are extended to the public on a nondiscriminatory basis.
Cosponsorship Authorization No. 10-2110-17.
Release Number: 11-26
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