THE RIDE: Rapid Growth Not Easy
Entrepreneurs with sluggish sales may envy their rapidly growing counterparts. Accelerated growth causes its own strain.
Josh Lieberman encountered no lenders at start-up in 2009, cash too tight to allow for reinvesting and hiring difficulties. He’s president of KMS Technology Inc., a software development, testing and maintenance company headquartered in Atlanta, Ga. (www.kms-technology.com). Together the partners at KMS invested $100,000 total at start-up and subsequently, $510,000. They also received $205,000 from friends and family.” In 2011 the business generated $8.1 million.