The lending side is one, but it's also the capital side
1261_ 8/20/12 - We are talking with Rick Fort, the founder and former Chairman of Educational Sales Management (ESM), a provider of student lifecycle solutions to help schools enroll, graduate and place more students. Rick sold the company a year ago to Xerox. Here too is Dorothy Donnelly, National Marketing Director for Hein & Associates, a public accounting firm based here in Denver, and Dorothy is also a board member of ACG Denver. Dorothy pointed out that Rick Fort enrolled, by founding ESM, graduated by selling ESM to Xerox and now he is succeeding by investing into the community - a true entrepreneur who now heads up The Fort Knocks Company. Larry asked, "What are some of the biggest challenges for mid-sized companies today?" Rick said, "For mid-sized companies down to small companies as well, it is in part, finding the right people to help grow innovation, not getting stuck in where-you-are, constantly developing new ideas and bringing new change." Dorothy said, "What I’m hearing from folks is that it is still very difficult to get lending even though it's loosening up a bit. That being the commercial banks are at the will of the lenders and their organizations and not so much able to support business on their own without that stamp of approval." Rick agreed with that and added, "The lending side is one, but it's also the capital side. Now venture capital and the equity groups are starting to loosen up their pockets more and more, making good investments in companies. But there's a leverage that they have too, so it's not necessarily all it's made out to be." They then discussed the possibilities, potential advantages and strengths coming up this next year...Listen for more...
Related Links: ACG Denver || M&A || Rocky Mountain Corporate Growth Conference || The Fort Knocks Company || Hein & Associates || Keywords: Rick Fort, Dorothy Donnelly, ACG Denver, Association for Corporate Growth, Educational Sales Management, ESM, Fort Knocks Company, Hein & Associates, Mid-sized Companies, Venture Capital, Equity Groups, bytes=4271023
LISTEN TO: Rick Fort, The Fort Knocks Co. & Dorothy Donnelly, Hein & Associates - ACG
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