| WILLIE'S
MOTORS
Willie Bringier’s (williesmotoring.net) passion
for customizing cars stems from his childhood. He worked
on his first vehicle with his father at the age of ten.
He continued to sharpen his skills working at his family’s
van conversion business as a teenager. It was only fitting
that as an adult, Willie took his expertise to the next
level by starting a full-service, after-market accessories
company. WILLIE’S MOTORS specializes in performing
customization services such as paintjobs and parts-installation
to vehicles. However, earning a place in a $29 billion
dollar-industry was not easy. Willie had to finance his
venture with his own money—an initial investment
of less than $500. With virtually no marketing budget,
Willie relied purely on referrals to grow his business.
Amazingly, Willie’s Motors flourished and has sustained
in the industry for 13 years. He credits his success to
cost-saving and differentiation through quality service.
Currently, Willie employs his son and daughter who will
inherit the business after he retires.
BROADSPIRE
INC.
When
Arun and Suresh Srinivasan (213-986-1055) were young,
they witnessed their father’s commendable work ethic
and entrepreneur spirit. This inspired them to start their
own business venture in 1998. They created BROADSPIRE,
INC. after recognizing potential revenue to be earned
from companies interested in internet marketing. Arun
and Suresh aimed to meet this demand by providing online
solutions to small and mid-sized businesses. Even though
they had a feasible idea, the brothers did not have the
proper funding or expertise to bring their vision to life.
Fortunately, they received $5,000 from their father for
startup cost. Arun and Suresh then compensated for their
lack of knowledge with sheer hard work. They were handsomely
rewarded for their efforts and Broadspire grew 566% in
just five years. The brothers also successfully established
a customer base in the entertainment industry, the most
noteworthy client being Paramount Pictures. Currently,
the Srinivasan brothers are working to expand Broadspire
to India.
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In
Secrets of Success, Pam Adams (pamela.adams@agedwards.com)
of AG Edwards and Sons, Inc. gives advice on ways to acquire
and manage money for a business.
The studio guest is Kevin Roach (kevin.roach@us.pwc.com),
a partner of PricewaterhouseCoopers, who discusses succession
planning.
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