WE ASKED PRESIDENT AND PARTNER CHRIS CULP:

What’s one business decision you made in the past three years that’s been critical to your firm’s growth? New growth – joint venture partners, employee growth, third-party management.

How has your company adjusted to new challenges caused by rapid growth? Attention to culture, careful hiring for corporate cultural fit

What’s your company’s fastest-growing expense? Payroll.

What do you expect your 2016 revenue to be? And why? Our expected 2016 revenue is $8.2 million. We’ve had growth in revenue from 2015 because of new management business that we’ve acquired.

What’s your strategy to be able to hire enough qualified workers to keep up with your growth? Constant networking, industry organization involvement, internal referrals, college campuses.

GROWTH RATE

103.96%

2013 revenue: $3,632,918

2014 revenue: $4,528,709

2015 revenue: $7,409,632

Top executives: Kim Culp, Chris Culp, Ted Glasrud

Founded: 2005

Business: Full-service real estate firm

Employees at end of 2013: 21; now: 130

 

October 13th, 2016  |  By Minneapolis/St. Paul Business Journal |  Original Article

Photo by: NANCY KUEHN | MSPBJ